Daxin Materials Corporation · TWSE:5234
Daxin Materials — Q2 2024 Earnings Presentation
20 slides from Daxin Materials's earnings presentation, Aug 15, 2024
Slide 1: Investor Conference
Daxin Materials Corporation Investor Conference 2024.08.15
Slide 2: Disclaimer
Disclaimer DAXIN’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. Except as required by law, we undertake no obligation to updat
Slide 3: Agenda
Agenda Company Profile Operating Result Outlook Daxin proprietary & confidential 2/17
Slide 4: Company Profile
Company Profile Daxin proprietary & confidential 3/17
Slide 5: Company Profile
Company Profile July 12th, 2006 Foundation (JV of AUO & Eternal Chemical) Paid-in capital 1,027 million NTD 431 (until Feb., 2024) Employees R&D >50% IPO on TAIEX July, 16th, 2012 (Code：5234) Revenue Y2023：4,264 million NTD Display Materials Semiconductor Materials Major products Key Raw Materials O
Slide 6: Major Products
Major Products Display materials • Functions: Direct materials and indirect materials of processes for LCD array, cell and color filter. • Products: Photo Resists、Alignment layer、Cu Etchant、Optical Clear Resin、Photo Overcoat、Wet Chemicals Semiconductor materials • Functions: Direct materials and ind
Slide 7: Operation Results
Operation Results Daxin proprietary & confidential 6/17
Slide 8: Consolidated Statements of Comprehensive Income-1
Consolidated Statements of Comprehensive Income-1 Unit：NTD M 2024 Q2 2024 Q1 QoQ 2023 Q2 YoY Operating revenue 1,028.2 100.0% 948.8 100.0% 8.4% 1,130.3 100.0% (9.0%) Operating costs 645.3 62.8% 614.6 64.8% 5.0% 739.2 65.4% (12.7%) Gross profit from operations 382.9 37.2% 334.1 35.2% 14.6% 391.1 34.6
Slide 9: Consolidated Statements of Comprehensive Income-2
Consolidated Statements of Comprehensive Income-2 Unit：NTD M 2024 H1 2023 H1 YoY Operating revenue 1,977.0 100.0% 2,092.2 100.0% (5.5%) Operating costs 1,260.0 63.7% 1,390.6 66.5% (9.4%) Gross profit from operations 717.0 36.3% 701.6 33.5% 2.2% Selling expenses 95.3 4.8% 90.1 4.3% 5.8% Administrativ
Slide 10: Revenue & Gross margin
Revenue & Gross margin Daxin proprietary & confidential 9/17
Slide 11: Revenue by Product
Revenue by Product Daxin proprietary & confidential 10/17
Slide 12: Revenue of Semiconductor materials
Revenue of Semiconductor materials Daxin proprietary & confidential 11/17
Slide 13: Consolidated Balance Sheets Highlights
Consolidated Balance Sheets Highlights Unit：NTD M 2024/6/30 2023/6/30 YoY YoY % Cash and cash equivalents 202 4.2% 137 2.9% 65 47.2% Current financial assets at 1,342 28.2% 1,039 21.7% 303 29.2% amortized costs Accounts receivable 1,105 23.2% 1,364 28.5% (259) (19.0%) Inventories 360 7.6% 375 7.8% (
Slide 14: Consolidated Cash Flows Highlights
Consolidated Cash Flows Highlights Unit：NTD M 2024 H1 2023 H1 Income before tax 297 289 Depreciation and amortization 136 129 Other operating activities (50) (367) Net cash flows from operating activities 304 (22) Acquisition of property, plant and equipment (111) (122) Disposal of (Acquisition of)
Slide 15: Dividend Policy: High Payout Ratio Policy
Dividend Policy High Payout Ratio Policy Cash Stock Dividend Year EPS Dividends Dividends Payout Ratio 2023 5.10 4.1 0.0 80% 2022 4.15 3.3 0.0 80% 2021 6.62 5.3 0.0 80% 2020 6.15 5.0 0.0 81% 2019 6.33 5.0 0.0 79% Daxin proprietary & confidential 14/17
Slide 16: Outlook
Outlook Daxin proprietary & confidential 15/17
Slide 17: Industry Overview
Industry Overview Display The global high-generation LCD panel industry maintained a high average utilization rate (>80%) in the second quarter. Due to earlier panel shipments and weak sales in China and Western markets in the first half of the year, brands began to adjust their inventories. In Ju
Slide 18: 2024 Business Outlook
2024 Business Outlook Based on our current business outlook, the Company expects a prudent and stable year in 2024: In terms of display materials • Accelerate the mass production timeline for key product, alignment layer of liquid crystal • Enhance quality and price competitiveness to maintain the
Slide 19: Q&A
Q&A
Slide 20: Thank you
Thank you