United Orthopedic Corporation · TPEX:4129
United Orthopedic — 2023 Investor Conference
18 slides from United Orthopedic's conference presentation, Nov 17, 2023
Slide 1: United Orthopedic Corporation 2023 Investor Conference
United Orthopedic Corporation 2023 Investor Conference Jason Lin November 17, 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice Except for historical information set forth herein, this presentation contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from what may be expressed or implied by such statements. Investors sh
Slide 3: Agenda
Agenda The third-quarter performance of 2023 The first three quarters performance of 2023 Business Update Q&A 3
Slide 4: The Third-Quarter Performance of 2023
The Third-Quarter Performance of 2023 (NT$ thousands) 2022 Q3 2023 Q3 DIFF % Revenue 759,664 934,365 174,701 +23% Operating P/L 74,536 171,186 96,650 +130% Non-OP P/L 28,857 (1,506) (30,363) -105% Net Profit 78,946 112,682 33,736 +43% % 10% 12% 2% EPS 1.01 1.30 0.30 4
Slide 5: The First Three Quarters Performance of 2023
The First Three Quarters Performance of 2023 (NT$ thousands) 2022 Q1~Q3 2023 Q1~Q3 DIFF % Revenue 2,243,391 2,795,770 552,379 +25% Operating P/L 207,003 387,510 180,507 +87% Non-OP P/L (15,604) (25,638) (10,034) -64% Net Profit 139,428 264,423 124,995 +90% % 6% 9% 3% EPS 1.78 3.14 1.36 EPS reached a
Slide 6: Operating Results by Quarter
Operating Results by Quarter Revenue Trend Chart Financial Ratios Margin % OP EXP % 1,000 (NT$ millions) 925 928 933 934 9% 9% 11% 11% 78% 78% 78% 740 744 759 75% 74% 75% 10% 11% 12% 74% 91% 91% 89% 89% 500 90% 89% 88% 65% 65% 66% 66% 64% 62% 60% 0 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 202
Slide 7: Overview of Global Deployments
Overview of Global Deployments 45 countries 9 worldwide offices Revenue in the first 3 quarters of 2023 is 2.79 billion, with 85% from self-operated and 15% from distribution. 7
Slide 8: Revenue by Regions
Revenue by Regions 2022 Q1~Q3 2023 Q1~Q3 2.24 billions 2.79 billions JPN 4% JPN 5% A-Spine TW TW A-Spine 11% 23% 23% 10% EU 25% INTL's EU INTL's 15% 30% 12% China USA USA 14% China 17% 8% 3% 8
Slide 9: Revenue Performance of Each Business Unit in Q3
Revenue Performance of Each Business Unit in Q3 (2022 vs. 2023) The Third Quarter The First 3 Quarters NT$ 9.34 million NT$ 27.96 million (NT$ M) 2022 2023 YoY% (NT$ M) 2022 2023 YoY% Revenue 759.7 934.4 23% Revenue 2,243.4 2,795.8 25% TW 188.8 216.2 15% TW 516.1 648.1 26% INTL 119.9 140.5 17% INTL
Slide 10: Taiwan Market Performance
Taiwan Market Performance Revenue from January to September 700 (NT$ millions) 648 The Third-Quarter Revenue +26% (NT$ millions) 516 +15% 216 472 +9% +13% 189 168 350 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 10
Slide 11: International Market Performance
International Market Performance 400 Revenue from January to September (NT$ millions) 337 +2% 344 The Third-Quarter Revenue (NT$ millions) +41% +17% 141 239 +31% 120 200 92 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 11
Slide 12: USA Market Performance
USA Market Performance Revenue from January to September 500 (NT$ millions) 470 The Third-Quarter Revenue +48% 190 (NT$ millions) 176 +3% 306 316 +60% +7% 250 95 103 110 0 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 12
Slide 13: Europe Market Performance
Europe Market Performance Revenue from January to September 860 (NT$ millions) 829 280 The Third-Quarter Revenue +46% (NT$ millions) +39% 568 239 +56% 140 +54% 171 430 364 111 0 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 13
Slide 14: Japan Market Performance
Japan Market Performance 150 Revenue from January to September (NT$ millions) 131 The Third-Quarter Revenue (NT$ millions) +45% +56% 45 100 90 +36% +56% 29 58 21 50 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 14
Slide 15: China Market Performance
China Market Performance Revenue from January to September 200(NT$ millions) 174 169 The Third-Quarter Revenue (NT$ millions) -3% 54 +47% -44% 35 -66% 100 94 37 19 0 2021 Q3 2022 Q3 2023 Q3 0 2021 Q1~Q3 2022 Q1~Q3 2023 Q1~Q3 15
Slide 16: Dividend Policy
Dividend Policy Maintaining a high dividend payout ratio, sharing profits with shareholders. Dividend 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Fiscal Year EPS (NT$) 0.41 1.52 2.30 2.06 1.78 1.61 1.05 1.00 0.37 2.84 Dividend 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Distribution Year
Slide 17: October revenue reaches a record high of NT$ 407 million
October revenue reaches a record high of NT$ 407 million Revenue for January to October 2023: NT$ 3.20 billion exceeds the full-year revenue of NT$ 3.17 billion in 2022 (NT$ thousands) 2022 2023 YoY% 營業收入 310,457 406,864 31% TW 69,888 90,535 30% INTL 50,023 53,989 8% China 10,542 1,947 -82% USA 45,6
Slide 18: Thank you for listening
Thank you for listening Each Step We Care