United Radiant Technology Corporation · TPEX:5315
United Radiant Technology — Q3 2023 Earnings Presentation
33 slides from United Radiant Technology's earnings presentation, Dec 14, 2023
Slide 1: 2023 Third Quarter Investor Conference
UNITED RADIANT TECHNOLOGY CORP. 2023 Third Quarter Investor Conference 12/14/2023
Slide 2: Disclaimer
Disclaimer • The consolidated financial numbers are based on International Financial Reporting Standards(IFRS) and also audited by CPA. • U.R.T. Corp. does not disclose any financial forecast. Any explanation regarding to the company in this presentation, if involving any insight of the company’s fu
Slide 3: Agenda
Agenda I Company Introduction II 2023 Q3 Financial 大網 Results III Product and Technology Development IV Q&A
Slide 4: Company Introduction
Company Introduction BY CFO Kelly Lin
Slide 5: Company Introduction
Company Introduction • Date Established: 1990 • Listing Date: Nov. 02, 1996 • Chairman: Wu Mon-Han • President: Yeh Chien-Wu • Registered Capital: NT$ 1,063,518,320 • Number of Employees: 448 • Ticker : 5315
Slide 6: Central Taiwan
Central Taiwan Tanzi Technology Industrial Park
Slide 7: Experience of 30 years
+ Experience of 30 years _ Foundation Connection with Supply chain & Sales channels Of URT Service from Europe office
Slide 8: Certifications: ISO9001, ISO45001, IATF16949
_ _ _ _ _ _ Foundation Certificated Certificated Of URT by ISO9001 by ISO 45001 Certificated Certificated by ISO9001: 2000 by TOSHMS ISO14001 Certificated by IATF16949
Slide 9: 2023 Q3 Financial Results
2023 Q3 Financial Results BY CFO Kelly Lin
Slide 10: 3Q23 Income Statement
3Q23 Income Statement In NTD thousand 3Q23 2Q23 QOQ 3Q22 YOY Cash and cash equivalents $669,181 35 $888,247 41 -25% $696,362 24 -4% Marketable Securities 361,463 19 378,202 18 -4% 320,889 19 13% Accounts receivable 238,907 13 251,633 12 -5% 250,085 15 -4% Inventories 254,418 13 265,457 12 -4% 434,76
Slide 11: YT3Q 2023 Income Statement
YT3Q 2023 Income Statement In NTD thousand 3Q23 % 3Q22 % YoY Net Revenue $1,270,072 100 $1,445,014 100 -12% Gross Profit 216,889 17 300,680 21 -28% Operating Expenses 130,580 10 137,934 10 -5% Operating Profit 86,309 7 162,746 11 -47% Non-Operating Items 37,362 3 98,903 7 Pre- Tax Profit 123,671 10
Slide 12: 2023Q3 Revenue by Distribution
2023Q3 Revenue by Distribution Asia-other 1% Taiwan 24% Japan 2% Hong Europe Kong(Mainland) 60% 8% America 5%
Slide 13: 2023Q3 Revenue by Production
2023Q3 Revenue by Production LCD-TP LCD-TN LCM-TN 1% 3% 1% LCM-STN 20% LCM-TFT 75%
Slide 14: Revenue by Application
ID16-Consumer 5% ID12-Telecom 2% ID13-Home ID15-Medical Appliance 1% 36% Industrial ID17-Office Home Appliance Equipment Consumer 1% Telecom Medical Office Equipment ID14-Industrial/ Instrument 55%
Slide 15: Robust Balance Sheet
Robust Balance Sheet In NTD thousand 3Q23 2Q23 QOQ 3Q22 YOY Cash and cash equivalents $669,181 35 $888,247 41 -25% $696,362 24 -4% Marketable Securities 361,463 19 378,202 18 -4% 320,889 19 13% Accounts receivable 238,907 13 251,633 12 -5% 250,085 15 -4% Inventories 254,418 13 265,457 12 -4% 434,765
Slide 16: Consolidated Statements Of Cash Flow
Consolidated Statements Of Cash Flow (In NT$ '000) 2023.1.1〜9.30 2022.1.1〜9.30 Cash from operating activities 173,267 252,893 Cash from investing activities (33,600) (91,345) Cash from financing activities (192,363) (138,865) Net increase (decrease) in cash (53,429) 20,723 Ending Balance 669,181 696
Slide 17: Revenue vs GPM
Revenue vs GPM (Unit: NT$M) 2,500 25% 2,069 2,000 1,948 21% 20% 1,819 1,820 1,875 1,791 18% 18% 17% 16% 1,500 15% 14% 14% 1,270 1,000 10% 500 410 5% 331 334 336 260 255 216 - 0% 106 107 108 109 110 111 112Q1-Q3
Slide 18: Dividend Payout Ratio
Dividend Payout Ratio 2.50 2.38 2.04 2.00 1.74 1.80 1.50 1.50 1.30 1.011.00 1.00 0.88 0.900.85 99% 0.80 76% 91% 94% 75% 74% 0.50 - 106 107 108 109 110 111 EPS Cash Dividends Dividend Payout Ratio
Slide 19: Product and Technology Development
Product and Technology Development BY R&D Director
Slide 20: Product Development in Four Categories
Product Development in Four Categories 1. Highly Durable Product for Outdoor Applications 2. Integrated Product Services 3. Light Emitting Device Technology 4. Reflective Display Technology 20
Slide 21: Highly Durable Product for Outdoor Applications
1. Highly Durable Product for Outdoor Applications • After solving various problems for our customers, we realize we are capable of providing solutions to the tough challenges met by outdoor display applications. • The tough challenges include Visibility under sunshine Solar test Cover glass with
Slide 22: Highly Durable Product for Outdoor Applications
1. Highly Durable Product for Outdoor Applications • To fulfill these special requirements, in addition to display panels with wide temperature range and backlight module with high brightness, the capability to identify the adequate glue and the process capability to realize the material in mass pro
Slide 23: Highly Durable Product for Outdoor Applications
1. Highly Durable Product for Outdoor Applications • Application cases include Motorcycle ATV Jet ski Farming machine Energy storage monitoring system Door security system Diving watch 23
Slide 24: Integrated Product Services
2. Integrated Product Services • We develop product service integration in two different aspects: 2-1. Integrated service for product manufacturing 2-2. Integrated service for product functionality • For product manufacturing, the housing/frame assembly in addition to display and touch module become
Slide 25: Integrated Product Services
2. Integrated Product Services • For the product functionality, we also team-up with Immersion Oak Technology and promote its Low-Code/No-Code HMI platform to our customers, aiming at shortening the developing process of HMI in customer end and excellence the time to market. 25
Slide 26: Light Emitting Device Technology
3. Light Emitting Device Technology • As the Nobel Prize in Chemistry 2023 was awarded to three scientists for discovery and synthesis of Quantum dots, people were intrigued to learn the development progress of these new material。 • Different from others deploying quantum dots in display technology
Slide 27: Light Emitting Device Technology
3. Light Emitting Device Technology • We have been in contact with customers of the following potential applications. Logos and functional indicators of electronic products; Meters, taillights and interior lights for cars and bikes; Display for EV charging station and charger; Flat or curved
Slide 28: QLED Tech Roadmap: Driving Mode
QLED Tech Roadmap_ Driving Mode Driving Mode 2023 2024 ES: 22’ Q4/ MP: 23’ Q2 Custom Design MCU+ MOSFET Segment/ Pattern Designer Lighting Vdd=4.5~7V EV charger meter Amusement E bike meter Custom Design ES: 23’ Q4/ MP: 24’ Q1 PM QLED QLED ASIC (Matrix) 30 COM/90 SEG Game Console Bike meter ES: 24’
Slide 29: QLED Tech Roadmap: QD Color
QLED Tech Roadmap_ QD Color 2023 2024 2025 Red: 0.1 lm/mA Green: 0.35 lm/mA Amber: 0.3 lm/mA 29
Slide 30: Reflective Display Technology
4. Reflective Display Technology • Any workable reflective display technology could be the substituents to LEDs for the Outdoor video wall in the global megatrends of ESG. • Reflective color displays with video rate capability are considered as the effective solutions to both power consumption and l
Slide 31: Reflective Display Technology
4. Reflective Display Technology • URT and Miortech in The Netherlands have been working together for years to develop manufacturing process for Electro-wetting Display. The optimization went through the layer structure, some of key materials and manufacturing equipment. We are now very close to mak
Slide 32: Q&A
Q&A SU. R.T.
Slide 33: Thank You!
THANK YOU! U.R.T.
United Radiant Technology — Q3 2023 Earnings Presentation on 6ix