Fit Hon Teng Limited · HKEX:6088
Fit Hon Teng — Q3 2021 Earnings Presentation
17 slides from Fit Hon Teng's earnings presentation, 2021
Slide 1: 2021 Q3 Results Announcement
FIT Hon Teng Limited 鴻騰六零八八精密科技股份有限公司 2021 Q3 Results Announcement 二零二一年第三季度業績發佈會 1
Slide 2: Disclaimer
Disclaimer • The information in this presentation is intended solely for informational purposes and does not or be relied on in connection with, any contract or commitment whatsoever. Any decision to constitute a recommendation regarding the securities of FIT Hon Teng Limited (the “Company”, invest
Slide 3: Agenda
3Q21 Financial Overview & Key Issues 4Q21 & 2022 Preview Agenda 3+3 Strategy Execution Updates Belkin Updates Q&A Section 3
Slide 4: 3Q Financial Overview & Key Issues
3Q Financial Overview & Key Issues 4
Slide 5: 3Q21 Financial Highlight
3Q21 Financial Highlight FY2021 Q3 Revenue +2.6% Net Income -36.4% 1,150 63 1,121 40 (MUSD) 5.6% 3.5% (MUSD) 2020 Q3 2021 Q3 2020 Q3 2021 Q3 FY2021 YTD Revenue +3.1% Net Income -42.1% 3,037 3,132 85 49 (MUSD) 2.8% 1.6% (MUSD) 5 2020 YTD 2021 YTD 2020 YTD 2021 YTD
Slide 6: 3Q21 Business Updates
3Q21 Business Updates QoQ YoY Mobile • QoQ growth in lightning cable • YoY impacted by in-box wired earphones removal Communications • Growth in copper products for data centers Infrastructure Computer & • Seasonality in 3Q and 2H Consumer Electronics • Growth in cables and copper products Smart Acc
Slide 7: 3Q21 Key Issues
3Q21 Key Issues Systematic Risks: 1. COVID in Vietnam 2. Foreign Exchange Differences 3. Force Majeure Business Updates: 1. SSI Merger 2. Linksys Spin-off 3. Kantatsu Lawsuit 7
Slide 8: 4Q21 & 2022 Preview
4Q21 & 2022 Preview 8
Slide 9: 2H21 Revenue Outlook Updates
2H21 Revenue Outlook Updates Mobile Communications Computer & Smart Accessories EV, Infrastructure Connected Home Consumer Electronics Industrial and Medical HoH YoY 9 > +15% +5 – 15% 0 ± 5% -5 – 15% < -15%
Slide 10: 4Q21 Business Updates
4Q21 Business Updates QoQ YoY Mobile • Benefit from new548 model launch • Impact by in-box wired earphones 766 removal Communications • Growth in copper 433 products for data centers Infrastructure • Optical supply 404 chain chipset constraint Computer & 462 Consumer Electronics • Minimal378 impact
Slide 11: 2022 Preview
2022 Preview • Challenging fundamental with system risks remain • Executing long time strategy 11
Slide 12: 3+3 Strategy Execution Updates
3+3 Strategy Execution Updates 12
Slide 13: 2H21 Key Products Updates
2H21 Key Products Updates Revenue Mix Forecast 21% Beats TWS New Model & Micro Speaker + > 150% 7% New Generation 5G AIoT DDR5, PCIe 5.0, SKT-V + > 200% TESLA CPD, eBike, FAKRA & Wireless Charger + > 60% (MUSD) 2021 2023 13
Slide 14: Belkin Update
Belkin Update 14
Slide 15: Belkin
Belkin 2021 YTD YoY Revenue +21% Gross Profit Mobile Power Audio +22% Operating Profit +19% Screen + Protection Connectivity 15
Slide 16: Q&A section
Q&A section Foxconn Interconnect Technology Limited (Incorporated in the Cayman Islands and carrying on business in Hong Kong as FIT Hon Teng Limited) 鴻騰精密科技股份有限公司 (於開曼群島成立，並以鴻騰六零八八精密科技股份有限公司於香港經營業務）
Slide 17: THANK YOU!
THANK YOU! Foxconn Interconnect Technology Limited (Incorporated in the Cayman Islands and carrying on business in Hong Kong as FIT Hon Teng Limited) 鴻騰精密科技股份有限公司 (於開曼群島成立，並以鴻騰六零八八精密科技股份有限公司於香港經營業務）