Mitac Holdings Corp. · TWSE:3706
Mitac — Q3 2023 Earnings Presentation
14 slides from Mitac's earnings presentation, Nov 23, 2023
Slide 1: MiTAC Holdings Corporation Online Investor Conference
MITAC HOLDINGS CORPORATION Online Investor Conference Nov. 23 , 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements. These forward-looking statements reflect the current expectations, assumptions, estimates and projections regarding the anticipated developments and other factors based upon the information now available to us. These forwar
Slide 3: Agenda
Agenda • Company Update Billy Ho, President and Spokesperson • Financials Doris Huang, VP of Finance and Deputy Spokesperson • Cloud and Edge Computing Business Michael Lin, President of MCT • Automotive and A-IoT Business Steve Chang, President of MDT • Q&A MIC: MiTAC International Corp. MCT: MiTAC
Slide 4: Basic Information
Basic Information Manufacturing Facilities History Hsinchu Science Park, Taiwan Established in 2013 Shunde , Guangdong China (MIC was founded in 1982) Kunshan, Jiangsu, China Newark, CA ,U.S.A. Scale Noida, India (Joint Venture) Employees: 6,500+ Hanoi, Vietnam ( Establishing ) RD & Engineering : 2,
Slide 5: 2023 Q1~Q3 Business Unit Revenue Mix
2023 Q1~Q3 Business Unit Revenue Mix (Consolidate) MDT MIC BU Amount % 12.3% 6.4% MCT 24,882 81.3% MDT 3,769 12.3% MCT 81.3% MIC 1,958 6.4% Total 30,609 100% Unit: NT$ Million MCT: MiTAC Computing Technology Corp. MDT: MiTAC Digital Technology Corp. MIC: MiTAC International Corp. 5
Slide 6: Brief Income Statement
Brief Income Statement Unit: NT$ Million Item 2021 2022 YOY(%) 2022Q3YTD 2023Q3YTD YOY(%) Operating Revenues 42,186 47,833 13% 35,205 30,609 -13% Gross Profit 4,362 3,836 -12% 3,740 3,218 -14% Gross Profit % 10% 8% 11% 11% Operation Expense 4,320 5,025 16% 3,541 3,249 -8% Operation Expense % 10% 11%
Slide 7: Brief Balance Sheet
Brief Balance Sheet Unit: NT$ Million Item 2021.12.31 2022.12.31 2023.09.30 Cash and Cash Equivalents 6,651 7,801 6,670 Current Assets 27,591 26,966 26,095 Long-term Investments 38,764 48,490 46,204 Property, Plant and Equipment 7,785 7,768 7,435 Total Assets 76,349 85,580 82,128 Current Liabilities
Slide 8: Profitability Analysis
Profitability Analysis Revenue Gross Profit NT$ Million GP% % NT$ Million Growth Rate % 13% 3% 10% 11% 8% 47,833 42,186 30,609 4,362 3,836 3,218 2021 2022 2023Q3YTD 2021 2022 2023Q3YTD Net Income EPS NT$ Million NT$ 6,759 6,897 5.66 5.76 5,202 2,400 - 4.35 - 1.24 1,490 2.00 2021 2022 2023Q3YTD 2021
Slide 9: Capital Structure and Liquidity Analysis
Capital Structure and Liquidity Analysis 176% 179% 172% Current Ratio 110% 112% Quick Ratio 96% Debt to Equity 45% 41% 41% 31% 29% 29% Debt Ratio 2021 2022 2023Q3 9
Slide 10: Operating Performance Analysis
Operating Performance Analysis Receivables Turnover(Days) Inventory Turnover (Days) 101 88 94 66 47 51 2021 2022 2023Q3 2021 2022 2023Q3 Payable Turnover (Days) Cash Turnover (Days) 93 81 85 67 67 54 2021 2022 2023Q3 2021 2022 2023Q3 10
Slide 11: Cloud and Edge Computing Business
Cloud and Edge Computing Business Public Private Cloud Cloud Software- Defined Portal Server Application Server Storage Server Portal Server HPC/AI Server Storage (SDS) Edge Compute O-RAN for 5G Smart IoT 11 Devices
Slide 12: Automotive and A-IoT
Automotive and A-IoT SMART TELEMATICS SMART MOBILITY MaaS MiDM TM Mobility as a Service AUTOMOTIVE & AIOT Outdoor luminaires Tracking connectivity module MiDM TM SMART INDUSTRIES SMART IOT
Slide 13: MiTAC Holdings Corp.
MiTAC @ MITAC HOLDINGS CORP.
Slide 14: Mitac IR Website and IR Contact
Mitac IR Website: https://www.mitac.com/en-global/investors_overview/index Quarterly Financial Statements: https://www.mitac.com/en-global/quarterly_statement/index/ IR Contact: Ms. Maggie Hsu Email : stock@mic.com.tw / Maggie.hsu@mic.com.tw Phone : +886-3-3289000 ext. 7685 Website: www.mitac.com Co