Advanced International Multitech Co. Ltd. · TPEX:8938
Advanced International Multitech — Q1 2025 Earnings Presentation
15 slides from Advanced International Multitech's earnings presentation, May 20, 2025
Slide 1: Stock Code 8938 - CEO Mike Chou
Stock Code：8938 2025.05.20 CEO, Mike Chou
Slide 2: Disclaimer
Disclaimer • This presentation may contain information and statements of a forward looking nature concerning the future performance. These are based on assumptions and uncertainties as well as on management's best possible evaluation of future events. Actual results may differ and will be disclosed
Slide 3: Agenda
Agenda • About Advanced • Our Products • Financial Performance • Market Information • Growth Drivers • ESG
Slide 4: About Advanced
About Advanced • Leading position • One of the world’s largest OEMs for leading golf brands. • One-Stop shop: provide from golf heads, golf shafts to golf balls. • Diversified business: The application of composite products across sports, smart devices, and automotive. • Established in 1987 Taiwan •
Slide 5: About Advanced - Global facilities
About Advanced • Global facilities China Taiwan Since 1989 Since 1987 LY HuangChu ChungLin ChungLin II Golf head / shaft / Composite products HQ / RD / Sales / Carbon wheel club Golf head manufacture KG I HoFa Composite RD/ PPG / TP / TS Vietnam Composite products Since 2004 VN I VN II KG II Golf he
Slide 6: Our Products
Our Products • Golf Products • Composite Products 85~90% 10~15% Sales by Segment
Slide 7: Financial Performance - Q1
Financial Performance - Q1 LTC’s Q1 revenue Q1 EPS contribution (NTD) (bn.) to revenue 4.55bn 4.35 5 4.55 5 4.39 4.35 4 3.78 4 3.02 2.71 3.14 2.88 3 3 2.32 2 2 1 1 0 -0.5 0 -1 Q1 Q2 Q3 Q4 24Q1 24Q2 24Q3 24Q4 25Q1 2024 2025 Revenue Q1 YoY +20.28% EPS Q1 YoY +44.04% Revenue Q1 QoQ +3.61% EPS Q1 QoQ +6
Slide 8: Financial Performance-2025
Financial Performance-2025 (NTD) (bn.) Jan. - Apr. revenue +17.62% 2.00 1.77 1.74 1.58 1.62 1.60 1.52 1.29 1.32 1.21 1.19 1.15 1.20 0.99 1.01 0.94 0.94 0.93 0.86 0.80 0.40 0.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2024 2025
Slide 9: Financial Performance - Dividend
Financial Performance - Dividend • Stable dividend distribution – consecutive dividend payments for 23 years since IPO 10 350% 8.97 320% 300% 8 250% 6 5.5 200% 4.09 150% 4 2.6 2.7 2.2 2.3 100% 2 54% 55% 1.6 1.3 79% 52% 51% 53% 54% 50% 50% 0 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 Cash Payout
Slide 10: Market Information - Golf
Market Information - Golf • The number of rounds played in the first quarter of 2025 declined by about 1.9% compared to the same period last year, but since March, thanks to the rising temperature in the northern United States, it has increased by 3.8% compared to March last year. • Rory McIlroy won
Slide 11: Market Information - Golf
Market Information - Golf • Customer response to tariff policy • The current market price remains stable and has not been raised in response to the new tariff policy. • No urgent orders were received during the window period for the implementation of reciprocal tariffs, and all products were produce
Slide 12: Market Information
Market Information • 3C and Wearable Devices • Carbon Fiber Sports Shoe Soles • the trend to be applied to mid-range products • Other applications
Slide 13: Growth Drivers
Growth Drivers • Automotive carbon wheels / rims • In May, Advanced signed a MOU with the German wheel company Borbet for OEM. • A strategic partnership among Advanced, Borbet and Dymag. • BORBET - a worldwide leader in the manufacture of light alloy wheels, headquartered in Germany. • Dymag – One o
Slide 14: ESG
ESG • 2024 Corporate Governance Evaluation FTSE Russell ESG Ratings score ranking 6%~20% of all OTC companies. 3.1 / 5 Corporate Governance Evaluation (0-5, 5 is the best) A+ Sustainalytics ESG Risk Ratings A A A A A 15.02 / 100 (100-0, 0 is the best) Morningstar ESG Risk Ratings 2019 2020 2021 2022
Slide 15: Q&A • IR contact
Q&A • IR contact: Spokesperson: Mike Chou (CEO) Acting spokesperson: YM Kuo (CFO) Jimmy Liu (Deputy Manager) +8867-872-1410 www.adgroup.com.tw
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