Slide 1: IMI Analyst Briefing 2022 Q3
IMI Analyst Briefing 2022 Q3 November 9, 2022 Online
Slide 2: Global Economic Outlook
Global Economic Outlook
Slide 3: Global Economy – Inflation & Uncertainty
GLOBAL ECONOMY AND OPERATING ENVIRONMENT Global Economy – Inflation & Uncertainty Global growth in 2022 will be half of 2021. Slow-down is broad-based with global inflation reaching 8.8% in 2022 then easing at 6.5% in 2023. Recovery depends on successful monetary and fiscal policies, the course of t
Slide 4: Manufacturing PMI and Electronics PMI
GLOBAL ECONOMY AND OPERATING ENVIRONMENT Manufacturing PMI and Electronics PMI Due to global headwinds, electronics PMI has breached the 50-point mark suggesting the tempering of demand Global Manufacturing PMI fell to 49.8 in Electronics PMI in September shows slight September, from 50.3 in August,
Slide 5: Electronics Components Industry Sentiment (Aug 2022)
GLOBAL SUPPLY CHAIN UPDATE Electronics Components Industry Sentiment (Aug 2022) ⚫ Overall, the market expects to continue a weakening trend ⚫ All market segments are experiencing declines in market sentiment. ⚫ Aerospace, Defense, Automotive and Industrial markets, though relatively better than othe
Slide 6: Components Supply Status, 2020-2022
GLOBAL SUPPLY CHAIN UPDATE Components Supply Status , 2020-2022 ⚫ After a sharp recovery in September, Semiconductor sales join the other segments in a downtrend for October and November ⚫ While some suppliers are still struggling to recover, others are able to ship more allocated quantities to majo
Slide 7: Logistic and Freight Cost
GLOBAL SUPPLY CHAIN UPDATE Logistic and Freight Cost Oct 2021- Oct 2022 SCFI CFI ⚫ The index is down by 43.9% against the same period last year. ⚫ The current in index is still about 2x of the pre-pandemic levels. Oct 2017- Oct 2022 CONFIDENTIAL AND PROPRIETARY. Any use or dissemination of this mate
Slide 8: Financials
Financials
Slide 9: 2022 Q3 Segment Updates
2022 Q3 Segment Updates '21 Q3 '22 Q3 Y/Y% '21 9M '22 9M Y/Y% ➢ Automotive: Auto 150.9 181.6 20% 483.8 546.4 13% • Positive growth figures despite further weakening of EUR. Increases driven mostly by launch of new projects, Ind 109.6 124.2 13% 305.0 352.7 16% recovery of high raw material prices and
Slide 10: 2022 Q3 Region Updates
➢ PH: 2022 Q3 Region Updates • Extended component shortage led to reduction of demand; backlog currently at $20M ➢ CN: '21 Q3 '22 Q3 Y/Y% '21 9M '22 9M Y/Y% • China continues to recover despite latest round of PH 80.9 81.5 1% 228.6 245.1 7% government mandated lockdowns in Q2. Growth driven CN 74.7
Slide 11: 2022 Group Program Wins
2022 Group Program Wins 2022 9M New Program Wins Win Location - 2022 65* 25% 23% 42 49* 51 287 194 9 80 165 19% 13% 76 20% 2021 2022 Philippines China E. Europe MX UK Mobility Industrial Others STI* *IMI wins Annual Revenue Potential; STI wins total project size Win Location - 2021 Notable Wins in 2
Slide 12: 2022 Q3 Performance
2022 Q3 Performance Operating Income Revenue and Gross Profit Margin 380 8.1% 11. 0% 7.0 7.6% 0.8% 6.9% 370 6.5% -0.7% -1.3% 9.0 % 5.6% -2.5% 360 350 7.0 % 2.0 -3.0% 2.8 5.0 % '21Q3 '21Q4 '22Q1 '22Q2 '22Q3 340 (3 .0) (2.4) 330 3.0 % (4.6) 320 1.0 % (8 .0) 310 326 328 334 357 351 -1.0% (8.2) (9.7) 30
Slide 13: 2022 Q3 Performance: Wholly and Non Wholly Owned Subsidiaries
2022 Q3 Performance Non Wholly Owned Subsidiaries Wholly Owned Subsidiaries 332 82 282 72 232 62 52 Revenue 182 42 132 32 82 22 249 253 258 290 275 77 74 76 67 76 12 32 2 (1 8) '21Q3 '21Q4 '22Q1 '22Q2 '22Q3 '21Q3 '21Q4 '22Q1 '22Q2 '22Q3 -8 -18 - '21Q3 '21Q4 '22Q1 '22Q2 '22Q3 5.0 1.3% 1.4% 5.0 5.0 %
Slide 14: Capital Structure
Capital Structure Long Term Long Term Debt Debt 21% 21% Common Common Dec Equity Sep Equity Short Term 56% 54% Debt 2021 Short Term Debt 2022 23% 25% Dec Sep Dec Sep (US$ Millions) Key Financial Ratios 2021 2022 2021 2022 Short-Term Debt 165.8 185.3 Current ratio 1.59 1.51 Long-Term Debt 151.5 151.0
Slide 15: Disciplined Capital Investments
Disciplined Capital Investments 65.0 4.7 15.0 4.6 38.8 $15.9M 9.7 7.0 31.0 2022 9M 0.7 5.0 12.5 8.3 18.7 12.2 2.2 4.5 3.8 2.1 3.8 3.1 18.5 4.7 2.3 12.8 2.8 Buildings………....…..… .........8% 3.3 8.8 Machinery………..….….........43% Furn & Fix………..............…..10% 2018 2019 2020 2021 Constr. in progress
Slide 16: Key Takeaways
Key Takeaways • Starting to see normalization of component lead times and increased cost reduction in PCB and passive components • Improving recovery of increased raw material costs, and able to pass on Unfavorable Purchase Price Variance • With good utilization figures across IMI sites, focus is on
Slide 17: connect with us
connect with us