Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q1 2023 Earnings Presentation
12 slides from Chang Wah Technology's earnings presentation, Apr 27, 2023
Slide 1: 2023 First Quarter Earnings Conference
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Slide 2: Forward-looking Statement
Forward-looking Statement Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncert
Slide 3: Agenda
Agenda 1Q23 Financial Results 2Q23 Outlook 3
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income (Quarterly) NT$ mn 1Q23** 4Q22 QoQ 1Q22 YoY Revenue 2,830 3,338 -15% 3,631 -22% Gross Profit 677 937 -28% 1,122 -40% Operating Profit 404 620 -35% 816 -50% Non-Opersting Items 70 (65) -208% 85 -18% Pretax Income 474 555 -15% 901 -47% Tax Expenses 83 158 -47% 194 -5
Slide 5: Revenue by Front-end process (Quarterly)
Revenue by Front-end process (Quarterly) 1Q 2023 1Q 2022 Stamping Etching Stamping Etching 54% 46% 57% 43% * Classified by sales amount (US$) 5
Slide 6: Revenue by Product (Quarterly)
Revenue by Product (Quarterly) 1Q 2023 1Q 2022 EMC - EMC - LED LED 8% 5% Discrete IC Discrete 19% 34% 21% IC 42% QFN QFN QFP 19% QFP 13% 16% 23% Discrete：small outline transistor, SOT * Classified by sales amount (US$) 6
Slide 7: Revenue by Application (Quarterly)
Revenue by Application (Quarterly) 1Q 2023 1Q 2022 Others Others 3% 5% Industrial Industrial 20% 18% 3C 3C 42% 39% Automotive Automotive 38% 35% * Classified by sales amount (US$) 7
Slide 8: Balance Sheet
Balance Sheet NT$ mn 1Q23* 4Q22 3Q22 Cash & Marketable Securities 6,042 5,683 4,942 Accounts Receivable 2,241 2,556 3,103 Inventories 2,348 2,456 2,645 Net PP&E 3,623 3,586 3,468 Total Assets 19,451 18,829 18,738 Current Liabilities 6,161 5,673 5,192 Total Liabilities 9,330 8,655 8,181 Total Shareho
Slide 9: Cash Flow Statement
Cash Flow Statement NT$ mn 1Q23** 4Q22 3Q22 Beginning Balance 5,625 4,878 5,103 Cash from operating activities 751 1,117 1,313 Capital expenditures (333) (225) (331) Cash dividends (651) 0 (642) Short-term loans 423 (7) 371 Bonds payable 0 0 0 Investments and others 163 (138) (936) Ending Balance 5,
Slide 10: 2Q23 Outlook
1Q23 Financial Results 2Q23 Outlook 10
Slide 11: 2Q23 Guidance
2Q23 Guidance Based on our current business outlook, the management expects: • Revenue to be between NT$ 27.5 mn and NT$ 29.3 mn Based on the exchange rate assumption of 1 US dollar to 30.2 NT dollar, the management expects: • Gross margin to be between 22.7% and 25.7% • Operating margin to be betwe
Slide 12: Q&A
Q&A Investor Presentation – IR Manager Mr. Richie Su (Tel：+886-2-87510696 Ext.206) CWE-IR@cwei.com.tw 12