Richardson Electronics, Ltd. · NASDAQ:RELL
Richardson Electronics — LD Micro Main Event XVI 2023
22 slides from Richardson Electronics's conference presentation, Oct 3, 2023
Slide 1: Richardson Electronics Fiscal Year 2023 LD Micro Main Event XVI
Richardson Electronics Fiscal Year 2023 LD Micro Main Event XVI October 3-4, 2023 NASDAQ: RELL
Slide 2: Forward Looking Statement
Forward Looking Statement This overview includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a di
Slide 3: Engineered Solutions
ENGINEERED SOLUTIONS Richardson Electronics (NASDAQ: RELL) designs and manufactures nearly 60% of the products it sells for power, microwave, and imaging solutions to industries worldwide. Technical expertise and Value added solutions through Global infrastructure and “engineered solutions” based on
Slide 4: Key Facts & Figures
Key Facts & Figures FY2023 Sales: FY2023 Net Income: $262.7 million $1.55 per diluted share (+16.9% YoY) (vs. $1.31 in FY2022) Strong Balance Sheet: Certified Experts FY2023 Q4 cash and ISO 9001:2015 cash equivalents of ISO 13485: 2016 $25.0 million and Certified no debt 480+ Employees Global Custom
Slide 5: Our Business Units
Our Business Units 5 Power & Microwave Green Energy Solutions Healthcare Canvys Technology (PMT) (GES) o FY2023 Revenue: $164.3 million o FY2023 Revenue: $47.6 million o FY2023 Revenue: $11.4 million o FY2023 Revenue: $39.3 million o Power grid and microwave o Designs and manufactures key o CT and M
Slide 6: A Legacy of Engineered Solutions, A Future of Innovation
A Legacy of Engineered Solutions A Future of Innovation Ignitrons & Microwave Power Grid Tubes CW Magnetrons Thyratrons Generators Pulse Magnetrons CT Replacement Refurbished CT Custom OEM All-In-One Ultracapacitors Tubes Systems Displays Computer Solutions Investor Presentation | © Richardson Elect
Slide 7: Local Service Supported Through Extensive Network of Over 60 Global Locations
Local Service Supported Through Extensive Network of Over 60 Global Locations FY2023 Full Year Sales by Geography Sophisticated Global Infrastructure • More than 60 sales offices & stocking locations • Global field engineering support including over 75 RF, Microwave and CT engineers for leading tech
Slide 8: Growth Opportunities and Focus
Growth Opportunities and Focus: Richardson’s Strategy Aligned with Compelling Market Dynamics Market Market Driver / Update Richardson Opportunity • Power management section of systems • Developing patented technology for niche using distributive technology applications in niche markets Green Energy
Slide 9: GES Product Roadmap Supports Large, Fast-Growing, and Global Opportunities
GES Product Roadmap Supports Large, Fast-Growing, and Global Opportunities High double-digit year-over-year Targeted 30-40% average GES gross revenue growth target margin Pitch Energy Power Systems Power Modules Power Control Superstructures for Utility Scale Modules For Materials For EV-Electric Sy
Slide 10: ULTRA3000 Case Study: New Product and Market Development
ULTRA3000® Case Study: New Product and Market Development Customer Problem: Richardson Electronics’ Solutions: Wind turbine manufacturers and operators needed Developed the first ultracapacitor-based plug-and-play an environmentally friendly solution to extend replacement for batteries within wind t
Slide 11: Progress Rail Case Study: Building Larger Customer Relationships
Progress Rail Case Study: Building Larger Customer Relationships Relationship with Progress Rail 1 begins, and Richardson Electronics starts supplying IGBT power module design to Progress Rail in Brazil Initial Power Modules Richardson Electronics began 2 working on a design development for battery
Slide 12: Successful GES Strategy has Accelerated Sales Growth
Successful GES Strategy has Accelerated Sales Growth Components of Full Fiscal Year Sales Growth (000s) FY2023 GES % of Total $300,000 Sales $250,000 18.1% $200,000 $47,596 $22,611 $150,000 FY2022 GES % of Total $100,000 Sales $50,000 10.1% $- FY2021 FY2022 FY2023 PMT GES Canvys Healthcare Investor
Slide 13: Power & Microwave Technology (PMT) Opportunity
Power & Microwave Technology (PMT) Opportunity Bringing key technologies and solutions The leading provider of power and microwave components and to the world for power, microwave niche related consumable parts applications o Electron Device Group (EDG) which includes legacy tube business and semico
Slide 14: PMT Update
PMT Update PMT Highlights • Added new technology partners, expanding our ability to supply, support, and create new opportunities • Power & Microwave Group (PMG) continues to have excellent sales growth related to the RF/wireless infrastructure business • High growth in demand for Electron Device Gr
Slide 15: Healthcare Growth Opportunity
Healthcare Growth Opportunity Richardson Healthcare provides OEM quality replacement parts and training to support in-house clinical engineering and third-party equipment maintenance companies. Richardson Healthcare’s CT Tube The Company has invested over $35 Richardson Healthcare first launched the
Slide 16: Healthcare Update
Healthcare Update Healthcare Highlights • Full year gross margins improved to 30.7% from 21.2% last year, due to productions variances stemming from enhanced operations and lower scrap costs. • Tube reloading in Brazil and in the Americas creates new opportunities for Richardson Healthcare. • The St
Slide 17: Canvys Opportunity
Canvys Opportunity Canvys is a global value-added integrator and manufacturer that specializes in creating comprehensive visual technology solutions for OEMs. Canvys is focused on providing small run, Canvys brings together a deep Expertise manufacturing display sizes smart displays for specialized
Slide 18: Canvys Update
Canvys Update Canvys Highlights • Demand for blue-chip medical and industrial OEM systems driving growth • The 11.8% year-over-year increase was due to an increased demand globally, and the continued addition of new customers and programs • A number of projects in the engineering stage, well positio
Slide 19: Financial Results
Financial Results Total Annual Sales ($ in thousands) $300,000 $250,000 • Net sales for full year FY2023 increased to $262.7 million, up 16.9% compared to net $200,000 sales of $224.6 million in the same period last $150,000 year, due to positive year-over-year growth in each of the business segment
Slide 20: FY2023 Q4 Balance Sheet and Cash Flow
FY2023 Q4 Balance Sheet and Cash Flow • Strong balance sheet with no debt, and $25.0 million in cash and May 27, May 28, cash equivalents ($s in 000s) 2023 2022 Cash and Cash • Allocated $3.3 million of capital in FY2023 to support the Equivalents and $24,981 $40,495 company’s regular cash dividend
Slide 21: Health of the Business-FY24
Health of the Business-FY24 • We are more optimistic than ever about the future of Richardson Electronics • We continue to gain market share with new customers, exclusive supplier agreements, new products and our growing list of patents • We expect softer sales in the first half of fiscal 2024 due t
Slide 22: A Legacy of Engineered Solutions. A Future of Innovation.
A Legacy of Engineered Solutions. A Future of Innovation. 22
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