Malaysian Pacific Industries Bhd. · MYX:MPI
Malaysian Pacific Industries Bhd — Q1 FY2026 Earnings Presentation
56 slides from Malaysian Pacific Industries Bhd's earnings presentation, Nov 20, 2025
Slide 1: Malaysian Pacific Industries Berhad Investor Presentation Q1 FY2026
1 M A L A Y S I A N P A C I F I C I N D U S T R I E S B E R H A D I N V E S T O R P R E S E N T A T I O N Q 1 F Y 2 0 2 6 ( J u l - S e p ‘ 2 5 ) INVESTOR RELATIONS CONTACT Kaushal Mathur +60320809283 extn 89283 kaushal.mathur@carsem.com Malaysian Pacific Industries Berhad
Slide 2: Disclaimer
2 DISCLAIMER Malaysian Pacific Industries (MPI) provides access to this presentation for general reference only. This presentation is strictly confidential solely intended for communicating financials and may not be reproduced or circulated without MPI’s prior consent. If you are the recipient of th
Slide 3: Table of Content
1 3 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 4: Business overview
4 Business overview MPI – A MEMBER OF THE HONG LEONG GROUP Hong Leong Group and MPI • The Hong Leong Group was established over 50 years ago and is one of The Hong Leong Group the largest conglomerates in Asia One of the Largest Conglomerates in Malaysia • Carsem is an operating company within Malay
Slide 5: Financial performance snapshot
5 Financial performance snapshot STRONG FUNDAMENTALS CREATE BUSINESS RESILIENCE IN TOUGH TIMES Revenue (RM million) PATAMI* growth (%) Debt 635 76% ZERO Q1 FY26 Q1 FY26 vs. Q1 FY25 as of Q1 FY26 CAPEX (RM million) EBITDA (%) Net cash (RM million) 76 24% 1,053 Q1 FY26 Q1 FY26 as of Q1 FY26 Note: FY26
Slide 6: Table of Content
1 6 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 7: Journey & capabilities
7 Our journey JOURNEY & CAPABILITIES SiC tech GaN & Modules Power Management 5G TEST 5G - CuClip Technology for Cloud Server Farms SiC, GaN RF – Smartphone Thin & Multi-Die For auto, AI – mid/ high MLP – Small & Thin Sensors TVS SiC tech power X3 for Mobile Market Sensors for For RF & power Sensors
Slide 8: Management team
8 Management team MANY YEARS OF CONSOLIDATED EXPERIENCE IN THE INDUSTRY MANUEL ZARAUZA, GROUP MANAGING DIRECTOR, MPI Over 25 years of manufacturing sector experience; Previously with Siemens, Osram Opto Semiconductors, and Seoul Semiconductor PO LAU ERIC CHEAH INDERJEET SINGH Jay RAYMOND SHI CK LEE
Slide 9: Table of Content
1 9 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 10: Supply chain & business model
10 Supply chain & business model CARSEM’S PACKAGING & TESTING SERVICES FORM A VITAL PART OF SEMICONDUCTOR VALUE CHAIN IC backend Boxing/ PCB manu- SMT SMT End Mask IC frontend production module/ System design IC Design facturing Assembly Assembly customer production production (Assembly & system (ba
Slide 11: Wide portfolio
11 Wide portfolio COMPREHENSIVE TURNKEY PACKAGING & TEST SERVICES ACROSS KEY APPLICATIONS Automotive System in Quad Flat Package MLP Small Outline IC Package (SiP) (QFP) Industrial (inc. AI) Transient Voltage Power Management Consumer & MEMS & Sensors Copper Clip Flip Chip Suppressor (TVS) (SiC, GaN
Slide 12: Geographic footprint
12 Geographic footprint BROAD GEOGRAPHIC PRESENCE, SERVING A GLOBAL CUSTOMER BASE LEGEND Manufacturing plants & Sales offices Sales team Sales representative Malaysian Pacific Industries Berhad
Slide 13: Production facilities
13 Production facilities Carsem M-Site, Ipoh, Malaysia • Floor Space: 436K sq. ft. (40,500 sq. m.) SOIC MICRO MSU • Workforce: 2,127 employees Automotive & Consumer Carsem S-Site, Ipoh, Malaysia • Floor Space: 640K sq. ft. (60,000 sq. m.) PMG MLP TEST • Workforce: 2,177 employees Automotive & Indust
Slide 14: Table of Content
1 14 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 15: Sustainability performance
15 Sustainability performance MPI IS A RELIABLE AND RECOGNIZED BRAND FOR SUSTAINABLE BUSINESS PRACTICES for FOUR successive years HATTRICK of awards Diverse and inclusive organisation 6,508 permanent employees as of FY25 EQUITIES |TECHNOLOGY Gender diversity Malaysian Pacific Industries Bhd (Manuel
Slide 16: Environment
16 Environment Continuously identifying and implementing opportunities to optimize our GHG emissions, and energy & water consumption Wastewater concentration system to reduce hazardous waste at Carsem SZ Other notable initiatives • Chiller and AHU optimization at Carsem M • Building HVAC control sys
Slide 17: Training & education
17 Training & education TRAINING AND UPSKILLING IS AMONG OUR TOPMOST STRATEGIC PRIORITIES Quality Awareness Training for all level employee ISO9001&IATF16949 Internal Auditor Training IATF16949 6 Quality Tools Training Reverse FMEA Training ISO45001 Internal Auditor Training First aid training Malay
Slide 18: Anti-bribery & anti-corruption
18 Anti-bribery & anti-corruption LEADING ETHICALLY & TRANSPARENTLY Certification for implementing Anti-Bribery Management Systems, complying with ISO 37001:2016. Operating subsidiaries Certifying authority Status Carsem M SIRIM QAS International Sdn. Bhd. Certified Shanghai Ingeer Certification Ass
Slide 19: Table of Content
1 19 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 20: Market outlook
20 Market outlook Automotive growth divergence: Strong Asia momentum while Germany & Japan lag Year-To-Date % change – Car sales Reasons for market slowdown in Germany & Japan • Weak consumer demand o High interest rates – Expensive Auto loans o Inflation – Cost of living pressure in major markets •
Slide 21: Market outlook
21 Market outlook Booming servers and communication segment • The server market is witnessing a significant boom driven by rising demand for AI, while the communications and smartphone sector is surging due to strong uptake of the latest iPhone model. • Together, these trends highlight a simultaneou
Slide 22: Market outlook
22 Market outlook Global business environment is tough • The power semiconductor sector continues to face headwinds as global demand softens and capital expenditures are reassessed. • Leading players are focusing on cost optimization — delaying investments, selling assets, and reducing headcount to
Slide 23: Impact on business
23 Impact on business Foreign exchange trend impacts profitability Continuously weakening exchange rate is putting pressure on Carsem’s bottomline Malaysian Pacific Industries Berhad
Slide 24: Growth strategy
24 Growth strategy OUR LONG TERM VISION IS TO BE THE LEADING OSAT FOR AI & AUTOMOTIVE, DRIVEN BY 4 STRATEGY TENETS Sales Technology • Strategic sales across application & geography • Investing in wide band gap tech (SiC, GaN), power • Strategic acquisitions packages for AI, custom sensors for auto,
Slide 25: Sales – Future growth focus
25 Sales – Future growth focus Carsem is prioritizing future growth over immediate profits CARSEM SUXIANG NEW FACTORY IN SUXIANG ✓ Floor Space: 825K sq. ft. (77,000 sq. m), ✓ Renovated Cleanroom 7,000 sq.m out of 35,000 sq.m ✓ Production Floor: 5-storey ✓ Application: Focus on Automotive & Industria
Slide 26: Sales – Future growth focus
26 Sales – Future growth focus New factory opposite Carsem M-site for WideBand Gap (WBG) Machine shifting & team relocation from Carsem S Site have been successfully completed FOL (Level 2) EOL (Level 1) WIDEBAND GAP TECHNOLOGY PLANT Malaysian Pacific Industries Berhad
Slide 27: Sales – Future growth focus
27 Sales – Future growth focus MPI is driving growth via strategic acquisition • Unlocking incremental Incremental revenue opportunities via new products Revenue • Complementing • Broadening our long-term objectives while Right Portfolio portfolio to support more of enhancing Valuation Expansion cus
Slide 28: Sales – Future growth focus
28 Sales – Future growth focus Strong cash position AGGRESSIVELY LOOKING TO ACQUIRE CAPABILITIES FOR TECHNOLOGY AND VALUE CHAIN UPGRADE MODULES / SiP 3D PRINTING DESIGN HOUSE ✓ Development focus on Front End ✓ To enable more integration in ✓ To introduce more silicon Module/ SIP, and Custom SIP smal
Slide 29: Confident about longer term growth
29 Confident about longer term growth MPI is resilient to navigate market uncertainties and geared up to capitalize upon market rebound Right portfolio positioning Competitive pricing strategy Continued investments in growth areas Adequate capacity to absorb new business Anchor customers and strong
Slide 30: Sales – Revenue composition
30 Sales – Revenue composition Growth in AI server packages is supported by bottoming out of auto sector – steady revenue increase for Carsem AUTOMOTIVE CONSUMER & COMMUNICATIONS • 5G and IoT are unlocking multitude of use • Automotive sector bottoming out cases – smart cities, healthcare, etc. • Lo
Slide 31: Technology – Automotive segment
31 Technology – Automotive segment INNOVATING IN LINE WITH STRATEGY TO BE GLOBALLY PREFERRED OSAT PARTNER FOR AUTOMOTIVE Major trends impacting semiconductor demand (Mobility disruptions) Electrification Autonomy Connectivity Novel battery technologies, growth of electrical Surge in autonomous drivi
Slide 32: Technology – Industrial segment
32 Technology – Industrial segment EXPANDING PORTFOLIO ALIGNED WITH TRENDS IN ADVANCED PACKAGING & TESTING FOR POWER Major trends impacting semiconductor demand Industry 4.0 Big Data Higher performing devices with greater functionality driving models that More servers with high power & high efficien
Slide 33: Technology – Consumer/communications segment
33 Technology – Consumer/ communications segment TAPPING INTO THE 5G REVOLUTION THROUGH ROBUST CUSTOM OFFERINGS Major trends impacting semiconductor demand 5G IoT High data rates, massive connectivity and ultra-low latency, catalyzing Need for combining functionalities – security, connectivity & mic
Slide 34: Technology – Immediate focus: SiC
34 Technology–Immediate focus SiC - UNLOCKING RF & POWER APPLICATIONS CARSEM ADVANTAGE ✓ Optimized packaging & Benefits of SiC over performance for better results previous gen materials ✓ Ongoing advanced SiC packaging SiC technology for power has ✓Wider bandgap, solutions for major customers in a p
Slide 35: Technology – Immediate focus
35 Technology–Immediate focus Cutting edge technology development across Automotive and Robotics Hydrogen fuel cell – gas sensor Air flow sensor for ICE vehicles Custom design and manufacturing by Carsem ✓ Custom developed air flow sensor micromodule; enables improvement in air-fuel mixing ratio, le
Slide 36: Technology – Immediate focus
36 Technology–Immediate focus CUTTING EDGE TECHNOLOGY DEVELOPMENT TPMS Government mandates for TPMS • Regulators now treating TPMS data as frontline safety information. From Jul Gel 2024, the EU General Safety Regulation II requires TPMS on every new passenger car, bus, truck and trailer. South Amer
Slide 37: Technology – Immediate focus: sTOLL
37 Technology–Immediate focus sTOLL 1st successful CLIP MOSFET at CARSEM SUZHOU sTOLL- new 7x8 mm² Power MOSFET package Perfect choice for future automotive applications up to 250 A Key applications • 12V EPS / 12 VBLDC / 12-48V DC-DC End applications •Motor driving End Customer (Battery supplier) f
Slide 38: Technology – Immediate focus: ESSOP
38 Technology–Immediate focus ESSOP Cu Wire for automotive application at Carsem Suzhou ESSOP - new 3.9x4.9 mm² power MOS package Multiple dies with integrated MOS (Solder) and IC (Epoxy) Key applications • 5~65W Lighting / 10~100W Heater / 0~100W Pump / 0~200W Power End applications End Customer (H
Slide 39: Technology – Immediate focus: TOLL
39 Technology–Immediate focus TOLL Package development at Carsem Suzhou TOLL- 9.9x11.7 mm² power MOS package TOLL - Si/GaN/SiC wafer End Applications Si MOS GaN SiC Si TOLL Application: • New Energy Vehicle Electronics • Power Supply & Energy Conversion • Industrial & Consumer Electronics BD POD GaN
Slide 40: Technology – Immediate focus: IPM
40 Technology–Immediate focus IPM (Intelligent Power Module) at Carsem Suxiang Advanced Hybrid Integrated Power Package Integrated Automation Line • To drive high quality • To drive high productivity 1: Soft solder&SMT &attach process Key benefits 2: Cleaning process 3: wire bond process • System Re
Slide 41: Technology – Immediate focus: GaN for RF
41 Technology – Immediate focus GaN FOR RADIO FREQUENCY (RF) APPLICATIONS – 5G BASE STATIONS Significant growth is projected for front end modules (FEM) in the next 8 years ✓ Carsem Suzhou already has experience in FEM for 4G/5G, include DiFEM Module/DiFEM Module/Duplexer+ Quadruplext and Inregular
Slide 42: Technology – Future focus: 5G testing
42 Technology – Future focus 5G TESTING 5G – Next Generation of mobile broadband Carsem Suzhou ✓ CSZ is working with 10+ customers for 5G device testing ✓ Completed 5G and Wifi7 RF test capability development, up to WiFi7 7.125GHz ✓ Continuing engagement with specialized customer for 5G FR2 (mmWave)
Slide 43: Technology – Future focus: Satellite Communication
43 Technology – Future focus Satellite Communication Satellite Communication Growth Up Carsem Suzhou ✓ Continue to extend super high RF frequency up to 54 GHz Freq extension ✓ Coverage for mmWave applications: such as 5G, Satcom, Radar, and EW ✓ Engagement with specialized customer for satellite com
Slide 44: Technology – Future focus: Modules
44 Technology – Future focus MODULES CARSEM SUZHOU Entirely new SMT Line 3D X - Ray C - Mold ✓ Invested in dedicated machines for FEM module line, capacity expansion for second line, expected to be ready during FY26 ✓ In production - regular & hybrid SiP package ✓ PAMiD Module under development, exp
Slide 45: Quality & productivity focus
45 Quality & productivity focus AUTOMATION – Realtime Power Utilization & Monitoring Meter Reading Structure for General Floor Illustrative Dashboard PC Edge Modbus module Meter Reading Structure by Module Objectives • Real-time energy monitoring • Improve efficiency & productivity • Provide clear v
Slide 46: Awards and recognitions
46 Awards and recognitions QUALITY, PEOPLE and ESG BEST SUPPLIER AWARDS received MAXSCEND Xing Hao ALK CANAANTEK Kang Xi Xing Yao ALLEGRO AIF Malaysian Pacific Industries Berhad
Slide 47: Table of Content
1 47 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 48: Financial highlights
48 Financial highlights Q1 FY26 SNAPSHOT REVENUE Despite overall market uncertainty, Q1 FY26 has grown by 23% YoY in USD compared to Q1 FY25 PATAMI For the same period, PATAMI increase by 76% against Q1 FY25 CASH Even through global turmoil, MPI continues to build a strong cash position – Q1 FY26 Ne
Slide 49: Key financials
49 Key financials MPI GROUP RESULTS AT A GLANCE Q1 FY26 Q4 FY25 Q1 FY25 Q1 vs Q4 Q1 vs Q1 YTD FY26 YTD FY25 YoY RM mil RM mil RM mil % % RM mil RM mil % Revenue 634.8 564.0 516.6 13% 23% 634.8 516.6 23% PAT 69.1 52.7 40.5 31% 71% 69.1 40.5 71% PATAMI 53.1 43.5 30.1 22% 76% 53.1 30.1 76% EPS (sen) 26
Slide 50: Investments
50 Investments CARSEM IS CONTINOUSLY INVESTING FOR THE FUTURE MPI CAPEX (RM million) • Installing new machines for capacity expansion • Hire more people across the globe to support business operations & sales • Invest in Research & Development to deliver latest technology solutions to our customers
Slide 51: Cash
51 Cash MPI’s CASH POSITION REMAINS HEALTHY – READY TO CAPITALIZE ON ORGANIC/ INORGANIC OPPORTUNITIES NET CASH (RM million) 284 444 573 713 826 902 772 840 816 813 801 872 936 958 1,001 1,040 967 990 988 1,053 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23
Slide 52: Statement of profit or loss
52 Statement of profit or loss Q1FY26 Q1FY25 Changes RM '000 RM '000 % Revenue 634,837 516,571 23% Cost of sales (547,402) (458,243) 19% Gross profit 87,435 58,328 50% Operating expenses (28,841) (19,790) 46% Other operating income/(expenses) 9,604 (6,094) -258% Profit from operation 68,198 32,444 1
Slide 53: Statement of financial position
53 Statement of financial position 30/09/2025 30/06/2025 RM'000 RM'000 Non-current assets Property, plant and equipment 1,306,542 1,297,074 Right-of-use assets 39,110 40,249 Investments 46 46 1,345,698 1,337,369 Current Assets Inventories 200,631 157,377 Trade and other receivables, including deriva
Slide 54: Statement of financial position
54 Statement of financial position 30/09/2025 30/06/2025 RM'000 RM'000 Equity Share Capital 352,373 352,373 Reserves 1,946,644 1,888,344 Treasury shares (160,858) (160,858) 2,138,159 2,079,859 Non-controlling interests 412,526 396,288 2,550,685 2,476,147 Non-current liabilities Borrowings 121,326 10
Slide 55: Summary
55 Summary Exciting times ahead with larger revenue, larger portfolio & diversified risk Even in this dynamic and uncertain market, MPI revenue grew year on year by 23% Despite rising costs & continued investments, PATAMI increased by 76% against the last year Q1 FY25 Carsem continues to invest in n
Slide 56: Thank You
56 Thank You Malaysian Pacific Industries Berhad
Malaysian Pacific Industries Berhad — Q1 FY2026 Earnings Presentation on 6ix