Slide 1: Operating Result Report for Q3 of 2022
Operating Result Report for Q3 of 2022 Nov. 10, 2022 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 1
Slide 2: Content
Content 1. Market Information 2. Operating Overview for Q3 of 2022 3. Outlook for Dynamic 4. Dynamic Actions in ESG 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 2
Slide 3: Disclaimer
Disclaimer The forward-looking statements in this report contain unknown risks and uncertainties, which may cause actual operating results to be materially different from the forward-looking statements, the statements about historical events are excluded. The forward-looking statements in this r
Slide 4: Market Information
Market Information 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 4
Slide 5: Development Status of Global PCB Industry
Development Status of Global PCB Industry Under the influence of all the negative factors such as international conflicts, high inflation and high inventory, it is expected that the growth of global PCB output value in 2022 is not as good as the previous year. The growth rate is about 6.2% and the s
Slide 6: Growth forecast for each product application
Growth forecast for each product application Semiconductor and server are expected to grow. Semiconductor Server Smartphone Computer Automotive Source: ITRI (2022/11) 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 6
Slide 7: 2022H1 Taiwan PCB Manufacturing Output Value Statistics – By Application Market
2022H1 Taiwan PCB Manufacturing Output Value Statistics – By Application Market Others Automotive Communication Consumer Output Value NT$419.7 B Computer Semiconductor Source: ITRI (2022/11) 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 7
Slide 8: 2022H1 Taiwan PCB Manufacturing Output Value Statistics – By Product Structure
2022H1 Taiwan PCB Manufacturing Output Value Statistics – By Product Structure Rigid-flex Others Multilayer Substrate Output Value NT$419.7 B Flexible Source: ITRI (2022/11) 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 8
Slide 9: Taiwan PCB Production Locations
Taiwan PCB Production Locations - Rapid growth in Taiwan’s substrate - Lockdown control in China China -Initial period of the global epidemic outbreak -Lockdown control in China Taiwan Overseas production sites are concentrated in Southeast Asia (Thailand, Malaysia, Vietnam) focused on multilayer PC
Slide 10: 2023 Outlook
2023 Outlook NT$969.1 B YOY+4.5% Positive factors: Negative factors: 1. Continuous opening of new capacity along 1. Global inflation and depressing economy with the expansion of substrate plants. weaken consumers’ confident. 2. 2.The penetration rate of 5G mobile phones 2. Weak demand in the mobile
Slide 11: Global inflation has yet to peak
Global inflation has yet to peak The Russian-Ukraine war worsened the energy and food crisis. The annual growth rate of CPI in the US and Euro Zone reached a new high. The lack of consumer confidence caused the decline in terminal demand and the reduction in manufacturing activities. The high inflat
Slide 12: Currency devaluation affects competitiveness
Currency devaluation affects competitiveness Favorable for the competitiveness of Taiwan’s rigid board against China Unfavorable to the competitiveness of Taiwan’s substrate and flex board against Japan Major Asian currencies depreciate against the US dollar RMB NTD WON YEN The U.S. FED rate hike an
Slide 13: Global Light Vehicle Sales
Global Light Vehicle Sales Global light vehicle sales in 2020 and 2021 are 78 million / 81 million units, respectively. The Global Light Vehicle selling rate ended a four-month growth trend in September by falling to 86mn units/year from 91 mn units/year seen in August. The year-to-date (YTD) ra
Slide 14: Auto Production Trends and EV/HEV Market
Auto Production Trends and EV/HEV Market According to Gartner, the vehicle unit production downwards in the long run. The main reason of the reduction is automakers’ withdrawal from the ICE cars production. But EV/HEV is a growing trend. Forecast shows the share of EV/HEVs in 2030 will represent 66%
Slide 15: Operating Overview for Q3 of 2022
Operating Overview for Q3 of 2022 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 15
Slide 16: 2022Q3 Sales Analysis - Product
2022Q3 Sales Analysis - Product Network & Consumer Server 3% Q3 3% Network & Consumer PC & Server 4% Q2 Storage Peripherals 4% Device Storage PC & 4% Device Peripherals Display 8% 8% 4% Panel Display 13% Automotive Panel Automotive 69% 21% 59% Automotive Display Panel Storage Device Network & Server
Slide 17: Consolidated Income Statement
Consolidated Income Statement Accounts Q-o-Q Y-o-Y Q1-Q3 Q1-Q3 Y-o-Y 3Q22 2Q22 3Q21 (TWD 100M) Change% Change% 2022 2021 Change% Sales Revenue 38.47 35.88 7.2 % 41.17 (6.6)% 115.28 115.95 (0.6)% Gross Profit % 16.6 % 16.8 % (0.3)% 17.3 % (0.8)% 16.7 % 16.3 % 0.3 % ppts Operating expenses 4.59 4.45 3
Slide 18: Consolidated Balance Sheet & Important Financial Indicator
Consolidated Balance Sheet & Important Financial Indicator Accounts 3Q22 2Q22 3Q21 (TWD 100M) Amount % Amount % Amount % Cash and cash equivalents 22.08 10.8% 25.74 13.4% 18.34 11.3% Accounts receivable 44.14 21.5% 42.55 22.1% 44.51 27.4% Inventories 29.23 14.2% 28.57 14.8% 31.12 19.1% Property, pla
Slide 19: Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (TWD 100M) 3Q22 2Q22 3Q21 Cash at beginning of period 25.74 27.99 25.27 Cash Flow from Operating 2.27 6.41 0.70 Capital Expenditure (5.72) (5.60) (3.13) Cash Dividends Paid (1.94) (1.11) Cash Flow from Financing 0.73 (4.87) (3.38) Investment & Other 0.85 0.23 (0
Slide 20: 2022Q3 Summary
2022Q3 Summary The proportion of automotive boards increased from 59% in Q2 to 69% in Q3 mainly due to the growth of electric vehicle boards, while the display panel fell from 21% to 13% due to weak market demand. In terms of product technology, an increase of 3% of 8Layer-up board. Revenue in
Slide 21: Outlook for Dynamic
Outlook for Dynamic 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 21
Slide 22: 2022Q4 and 2023 Outlook
2022Q4 and 2023 Outlook The revenue forecast for Q4 is the same as the previous quarter. In terms of products, the demand for automotive boards is relatively stable, and display panel customers are partially replenishing their inventories. Other product types are still affected by lower demand, de
Slide 23: Dynamic Actions in ESG
Dynamic Actions in ESG 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 23
Slide 24: Sustainable Development Roadmap of the FSC - GHG inventory and verification schedule
According to the "Sustainable Development Roadmap" of the FSC - Develop a GHG inventory and verification schedule Ite Scheduled Implementation items Description m timeline Set up a schedule for examination and verification, Complete the schedule for Examination and verification, １ 2022 Q2 submit it
Slide 25: Thank You!
Thank You! 2022 © Dynamic Holding Co., Ltd. All Rights Reserved.