Zenitron Corporation · TWSE:3028
Zenitron — Q3 2025 Earnings Presentation
23 slides from Zenitron's earnings presentation, Nov 24, 2025
Slide 1: 2025 Investor Conference
2025 Investor Conference 2025.11.24
Slide 2: Safe Harbor Statement
Safe Harbor Statement All financial information contained here within is presented in conformity with International Financial Reporting Standards (IFRSs) Zenitron’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prosp
Slide 3: Agenda
AGENDA Overview CFO Financial Update CFO Operation Outlook CEO Q&A TEAM
Slide 4: Overview
OVERVIEW
Slide 5: Overview
Overview Founded in 1982, a pioneer among Taiwan semiconductor & electronic component distributors OTC listed in 2000 and Taiwan Stock Exchange listed in 2002 (ticker: 3028 TT) Our mission is to provide value-added total solutions and services with leading technology in all aspects Contract
Slide 6: Global Locations
Shanghai OUR Headquarter Global Locations Sales Offices: 18 Warehouse: 5 Beijing Ningbo Qingdao Beijing Zhengzhou Shenzhen Nanjing Suzhou Hefei Shanghai Chengdu Wuhan Ningbo Qingdao Suzhou Hangzhou Chongqing Xiamen Hsinchu Taipei/Headquarter Taichung Shenzhen Nanjing Kaohsiung Hong Kong Hangzhou Hon
Slide 7: Our advantages
Our advantages • Comprehensive product lines in all applications Comprehensive • Powerful marketing and operation Producsts infrastructure. • Stable and strong financial • Partners: Joint technical seminars, structure. team buildings, product trainings, • Sufficient working capital external event pl
Slide 8: Dedicated to providing good returns to investors
Dedicated to providing good returns to investors *Dividend payout ratio: current year dividend per *Dividend yield: dividend per share / previous day share / previous year Earnings Per Share(EPS) stock price before Ex-Dividend Date
Slide 9: Financial Update
FINANCIAL UPDATE
Slide 10: Statement of Comprehensive Income
Statement of Comprehensive Income unit:NT$Mn Y2025Q3 Y2025Q2 Y2025Q1~Q3 Y2024Q1~Q3 Key accounts %QoQ %YoY $ % $ % $ % $ % Net Operating Revenue 10,985 100% 10,231 100% 7% 30,265 100% 27,768 100% 9% Gross Profit 711 6.47% 722 7% -2% 2,172 7.18% 1,621 6% 34% Operationg Expenses (402) -4% (400) -4% 0%
Slide 11: Balance Sheet
Balance Sheet Unit:NT$Mn 2025/9/30 2025/6/30 2024/9/30 Key accounts $ % $ % $ % Cash and cash equivalents 2,662 12% 2,737 13% 1,777 8% Accounts receivable 10,588 50% 9,610 46% 9,684 46% Inventory 6,600 31% 6,865 33% 7,859 37% Other current assets 309 1% 279 1% 274 1% Non-current assets 1,229 6% 1,24
Slide 12: Revenue
REVENUE ao NTSBn 50 + = 8.9% 40 = 30.3 30 20 10 0 Y¥2020 Y2021 Y¥2022 Y2023 Y2024 ‘Y25(Q1~ Q3) 1 i
Slide 13: Revenue % - Shipment by Customer Nationality
REVENUE %- Shipment by Customer Nationality
Slide 14: Revenue % - Shipment by Geography
REVENUE %-Shipment by Geography
Slide 15: Revenue % - by Application
REVENUE %-by Application — TRON 100% 80% 60% 40% 20% 0% 1 2020 Y2021 2022 2023 2024 Y25(Q1~Q3) @ Others | Handheld § Automotive lm Power Supply @ Industrial Electronics ™ Consumer @ Retail Telecom & Communication m@EMS m IT/Computing
Slide 16: EPS & ROE
EPS & ROE *: ROE 2025(Q1-Q3) annualized data
Slide 17: Cash Conversion Cycle
Cash Conversion Cycle — ENITRON 200 -; 185 180 - 160 - 140 - 120 - 100 - 80 + 60 + 40 + 20 + 0 4 Y2020 y2021 Y2022 Y2023 Y2024 ¥25(Q1~Q3) AR days 89 83 79 91 89 90 Inventory days 63 74 105 137 102 79 AP days 42 42 35 42 45 34 Cash Conversion Cycle 109 115 149 185 146 135 lg AR days a lnventory days
Slide 18: ROWC & % Working Capital vs. Revenue
ROWC & %Working Capital vs. Renenue *: 2025(Q1-Q3) ROWC annualized data
Slide 19: Operation Outlook
OPERATION OUTLOOK
Slide 20: Operation Outlook
Operation Outlook • According to Gartner, the global semiconductor market revenue CAGR from 2024–2028 is 11.8%, and 8.6% according to Omedia. • Strong AI server demand continues to drive steady growth in revenue and profitability for core power components and memory products. • AI datacenter infrast
Slide 21: Operation Outlook
Operation Outlook • The automotive electronics sector still holds substantial growth potential. • Continued development in smart cockpit and connected-vehicle applications. • Ongoing expansion into automotive electronics, with accelerating introduction of automotive-grade products across multiple pr
Slide 22: Q&A
Q&A
Slide 23: Q&A
Q&A