United Orthopedic Corporation · TPEX:4129
United Orthopedic — Q1 2024 Earnings Presentation
17 slides from United Orthopedic's earnings presentation, May 17, 2024
Slide 1: United Orthopedic Corporation 2024 Investor Conference
United Orthopedic Corporation 2024 Investor Conference Jason Lin May 17, 2024
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 first-quarter performance of 2024 Business Update Q&A 3
Slide 4: The First Quarter Performance of 2024
The First Quarter Performance of 2024 (NT$ thousands) 2023 Q1 2024 Q1 DIFF % Revenue 928,095 1,065,865 137,770 +15% Operating P/L 101,757 124,889 23,132 +23% Non-OP P/L (18,700) 705 19,405 +104% Net Profit 66,623 93,746 27,123 +41% % 7% 9% 2% EPS 0.85 0.98 0.13 4
Slide 5: 2024 First Quarter Revenue Performance
2024 First Quarter Revenue Performance NT$ 1,066 million (Second highest in history; All-time high for the first quarter) (NT$ millions) 2023 Q1 2024 Q1 YoY% Revenue 928.1 1,065.9 15% TW 201.4 237.4 18% INTL 100.5 99.9 -1% China 34.0 36.6 8% USA 146.8 191.0 30% EU 318.9 355.8 12% Japan 43.0 58.6 36%
Slide 6: Revenue by Regions
Revenue by Regions 2023 Q1 2024 Q1 928 million 1,066 million JPN 4% JPN 6% A-Spine TW A-Spine TW 9% 22% 8% 22% INTL's INTL's EU 11% EU 9% 34% 33% USA USA 16% 18% China China 4% 4% 6
Slide 7: Operating Results by Quarter
Operating Results by Quarter Revenue Trend Chart Financial Ratios (新台幣佰萬) GM % OP Exp % 1,200 (NT$ millions) 1,134 1,066 10% 78% 78% 78% 78% 928 933 934 8% 77% 925 75% 90% 75% 74% 9% 9% 11% 11% 92% 74% 740 744 759 91% 91% 89% 89% 10% 11% 12% 600 90% 89% 88% 66% 66% 66% 65% 65% 64% 63% 62% 60% 0 Q1'2
Slide 8: Overview of Global Deployments
Overview of Global Deployments Own brand, establishing distribution channels, close to the market, pursuing sustainability. 8
Slide 9: Performance in the Taiwan Market
Performance in the Taiwan Market First quarter revenue Revenue in the past three years (NT$ millions) (NT$ millions) 917 +18% 237 +26% +9% 728 +15% 201 669 175 0 2022 Q1 2023 Q1 2024 Q1 2021 2022 2023 9
Slide 10: Performance in the International Market
Performance in the International Market First quarter revenue 600 Revenue in the past three years 120 (NT$ millions) (NT$ millions) 501 +1% 505 -1% +47% +33% 100 100 341 76 60 300 0 0 2022 Q1 2023 Q1 2024 Q1 2021 2022 2023 10
Slide 11: Performance in the US Market
Performance in the US Market First quarter revenue Revenue in the past three years 200 (NT$ millions) 700 (NT$ millions) 654 191 +49% +30% +7% 439 +49% 147 410 350 100 98 0 0 2022 Q1 2023 Q1 2024 Q1 2021 2022 2023 11
Slide 12: Performance in the EU Market
Performance in the EU Market First quarter revenue Revenue in the past three years 360 (NT$ millions) 1,200 (NT$ millions) 1,158 +12% 356 +38% 319 837 +43% +55% 180 224 600 539 0 0 2022 Q1 2023 Q1 2024 Q1 2021 2022 2023 12
Slide 13: Performance in the Japan Market
Performance in the Japan Market First quarter revenue Revenue in the past three years (NT$ millions) 200 (NT$ millions) 187 60 59 +44% +36% 130 +23% 43 +53% 100 30 35 85 0 0 2022 Q1 2023 Q1 2024 Q1 2021 2022 2023 13
Slide 14: Performance in the China market
Performance in the China market The second national centralized procurement was officially tendered at the end of May 2024, and it will be gradually implemented by each province starting from June. First quarter revenue Revenue in the past three years (NT$ millions) (NT$ millions) 57 217 204 -40% -6
Slide 15: Revenue for April 2024
Revenue for April 2024 NT$ 377 million (YoY+27%) (NT$ millions) April 2023 April 2024 YoY% Revenue 297.3 377.3 27% TW 70.3 93.1 32% INTL 28.6 32.1 12% China 15.4 12.0 -22% USA 46.0 66.3 44% EU 91.5 121.3 33% Japan 15.0 19.2 28% A-Spine 30.4 33.2 9% 15
Slide 16: Revenue for January to April 2024
Revenue for January to April 2024 NT$ 1,443 million (YoY+18%) (NT$ millions) Jan. to Apr. 2023 Jan. to Apr. 2024 YoY% Revenue 1,225.4 1,443.1 18% TW 271.7 330.5 22% INTL 129.1 132.0 2% China 49.4 48.6 -2% USA 192.8 257.3 33% EU 410.4 477.1 16% Japan 58.1 77.8 34% A-Spine 113.9 119.8 5% 16
Slide 17: Thank you for listening
Thank you for listening Each Step We Care