Wanshih Electronic Co., Ltd · TPEX:6134
Wanshih Electronic — Investor Conference (October 2024)
26 slides from Wanshih Electronic's conference presentation, Oct 14, 2024
Slide 1: Investor Conference
One Stop Cable Solution Investor Conference Stock Code：6134.TW
Slide 2: Agenda
Part 01 Company Introduction Part 02 Financial statements comparison 大 綱 Part 03 Raised Revenue Part 04 Capacity of Factories Part 05 Opportunity in US Part 06 Review and Summary
Slide 3: Company Introduction
Part 01 Company Introduction
Slide 4: About Wanshih
About Wanshih Wanshih Electronic Co., Ltd. Wanshih Electronics, the wiring business unit of the Wonderful Group, is a Taiwan- Established in 1987 based company integrated by Wonderful Hi-Tech and Japan's ASAHI. Specializing in Asset : 725 million the design and manufacturing of coaxial cable ass
Slide 5: Customized Products
Customized cable / spec. + customized connector Customized Products Internal Cable External Cable • Micro Coaxial • USB 4 • Medical Cable • HDMI 2.1 • Auto-mobile Cable • Audio • Other • Lightning MFi • Waterproof cable Antenna Design SMT Service • Internal Antenna • Fingerprint Module PCB/FPC/PIFA/
Slide 6: Customized Development | Core Technology
Customized Development | Core Technology Wire Development Advanced Technology and Capabilities Quality Control Provide professional JDM development With advanced wire processing equipment and more cooperation, from concept products, sample than 35 years of processing experience, it is able to manufa
Slide 7: Competitive advantage
Competitive advantage Drive innovation by precise production Wanshih= Chinese cost + Japanese's Quality + Taiwanese resilience Chinese cost Japanese's Quality Taiwanese toughness Lean management for our factory Join venture with Japanese’s Asahi, Production in China, southeast due to Red supply chai
Slide 8: Financial statements comparison
Part 02 Financial statements comparison
Slide 9: Annual Revenue and profit/loss
Annual Revenue and profit/loss Consolidated Revenue &Gross Profit Margin million NTD/ unit 1,800 30% 1,600 1,446 26% 25% 1,400 1,159 1,200 1,123 1,159 20% 1,000 17% 15% 800 600 10% 400 5% 200 0 0% 2022年 2023年 2024Q1~Q3 Consolidated 合併營收 毛利率 Gross Profit Margin Revenue 項目 2022年 2023年 2024Q1 2024Q2 20
Slide 10: Revenue /month
Revenue /month Revenue 百萬元NTD/單位 180 171 94% 90% 160 146 146 138 140 131 133 70% 120 115 108 57% 50% 54% 100 51% 46% 39% 30% 80 72 60 9% 10% 40 -12% -10% 20 -24% 0 -30% 2024.01 2024.02 2024.03 2024.04 2024.05 2024.06 2024.07 2024.08 2024.09 Consolidated 合併營收 Revenue YOY www.wanshih.com 10
Slide 11: Proportion of Main product
Proportion of Main product Year 2022 Year 2023 Year 2024, H1 Gross Profit Gross Profit Gross Profit Product Revenue Ratio Margin Revenue Ratio Margin Revenue Ratio Margin Energy 269,611 19% 24% 235,482 21% 29% 231,659 33% 29% Automobile 277,512 19% 20% 279,798 25% 22% 158,492 23% 23% Surveillance 32
Slide 12: Proportion of Main product Year 2024, Q1 to Q3
Proportion of Main product Year 2022 Year 2023 Year 2024, Q1 to Q3 others others 11% 9% surveillance others surveillance surveillance laptop 17% 22% 22% laptop 24% 7% 12% medical application 8% laptop medical application 10% 7% automobile automobile 25% 19% automobile medical application energy appl
Slide 13: Raised revenue
Part 03 Raised revenue
Slide 14: Energy application and Automobile revenue
Raised revenue Energy application： Revenue in 2023, NTD 84,000K Revenue in 2024 Q1 to Q3, NTD260,000K/ YOY 309% 2024 Q4, expect higher revenue from energy application and new customer Automobile Revenue in 2023, NTD280,000K Revenue in 2024 Q1 to Q3, NTD300,000K,higher than 2023. 2024 Q4,expect reven
Slide 15: Green energy
Green energy • Chinese green energy ratio of the world ：solar energy 90%、 lithium-ion batteries 63% • Sales volume of automobile 90,000K, electric vehicle 9,600K（China 58%)， • European Union announced prohibition of trade oil-fueled automotive from year 2035 • Battery Module is key cost, it account
Slide 16: Energy Industry～Growth rate over 30%
Energy Industry～Growth rate over 30% • Growth raised rapidly in US market due to ESG. • New installation of energy application in China is 3 time compare with Europe, expect more space to increase. • Battery module cost is big proportion for these application(near 80%), and most risk is on cable ass
Slide 17: Electric vehicle ~ Growth rate over 22%
Electric vehicle ~ Growth rate over 22% • Product：Radar for around view system-> control screen-> Thermal management system • Customer：Japanese car brand in Taiwan-> US car brand-> Europe car brand-> Chinese high end car brand • Competitiveness：Ability of technology development-> Stable quality-> Re
Slide 18: Capacity of Factories
Part 04 Capacity of Factories
Slide 19: Factories location and capacity
Factories location and capacity 2024 2027 Location Past Present Future Scale: Big Suzhou in Suzhou in Suzhou in China China China Siyang in Hai Duong Hai Duong China in Vietnam in Vietnam Dongguan Taiwan US in China Scale: small Taiwan US Taiwan Suzhou ： Market trend reverse operation to increase ca
Slide 20: Opportunity in US
Part 05 Opportunity in US
Slide 21: Opportunity in US
Opportunity in US • Wanshih in US is only one with coax auto production line in Silicon Valley • Support quick term for local customer • Support some restrictive industry due to US policy www.wanshih.com 21
Slide 22: US Wanshih | Annual Revenue
US Wanshih | Annual Revenue 百萬元USD/單位 Consolidated Revenue 4.00 3.00 2.53 2.42 2.00 2.15 1.00 0.00 2022年 2023年 2024Q1~Q3 合併營收 項目 2022年 2023年 2024Q1 2024Q2 2024Q3 2024Q1~Q3 Consolidated 2.15 2.42 0.59 1.15 0.79 2.53 Revenue YOY rate - 13% 3% 53% 68% 41% www.wanshih.com 22
Slide 23: Review and Summary
Part 06 Review and Summary
Slide 24: Review
Review Competitive Our position Focused industry Strategy advantage Japanese modularized Building factory in Year 1987～2000 Labor intensive type Home appliance 、display management China Capital concentrated Development of auto Year 2001～2010 type facility NB、3C Enhance scale Design ability of High T
Slide 25: Summary: The reason put attention on Wanshih
Summary The reason put attention on Wanshih 1. Cable assembly experience for 37 years, firm core technology 2. Demand of customer focused industries are raising, expect growth over 20% every year 3. The age of management team are under 50 years old, expect keep serving and putting effort for next 10
Slide 26: Thanks for attention, expect our growth
Thanks for attention, expect our growth vicky.chu@wanshih.com www.wanshih.com
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