Dynamic Holding Co Ltd · TWSE:3715

Dynamic — Q1 2023 Earnings Presentation

28 slides from Dynamic's earnings presentation, May 16, 2023

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 5: World Economic Outlook Update
WORLD ECONOMIC OUTLOOK UPDATE According to the IMF's April 2023 World Economic Outlook Update, the outlook is again uncertain due to financial sector turmoil, high inflation, the lingering fallout from the Russia-Ukraine war, and the three-year-long COVID-19 pandemic. Global headline inflation in th
Slide 7: Global Light Vehicle Sales
Global Light Vehicle Sales  Global light vehicle sales in 2022 is 81 million units, the same as in 2021.  The Global Light Vehicle (LV) selling rate rose to 84 mn units/year in March, from February’s figure of 81 mn units/year. Many countries have reported an easing of supply shortages.  The mont
Slide 8: China Light Vehicle Sales
China Light Vehicle Sales  After a sluggish January and February, the Chinese market rebounded in March. According to preliminary data, the March selling rate reached a 5‐month high of 26.8 mn units/year, up 28% from an abnormally weak February. That, however, brought the YTD average selling rate t
Slide 9: DIGITIMES's forecast of EV shipment to 2025
DIGITIMES’s forecast of EV shipment to 2025 According to the report from NTI, if DIGITIMES’ forecast of 30 million EVs in 2025 comes true, which is a reasonable prediction considering the current activities, PCB demand for EV may be $7.5 billion in 2025 if average PCB usage by an EV is $250. NTI als
Slide 11: Consolidated Sales and GM Trends
Consolidated Sales and GM Trends Sales (NT$100M) GM (%)  The decline in revenue in 2022Q2 was mainly due to the closure of Shanghai and the impact on the logistics of the Kunshan factory; in the second half of the year, it was significantly affected by the sluggish consumer demand, and continued to
Slide 12: Consolidated Net Profit and EPS Trends
Consolidated Net Profit and EPS Trends Net Profit (NT$100M)；EPS($) Note: The profit in 2020 is NT$679 million, including the sale of the Taoyuan factory building of NT$426 million, so the operational profit is NT$253 million. 2023 © Dynamic Holding Co., Ltd. All Rights Reserved. 12
Slide 14: 2023Q1 Sales Analysis - Product
2023Q1 Sales Analysis - Product Network & Consumer Server 2% Q1 PC & 5% Network & Consumer Storage PC & Peripherals Server 3% 3% Q4 Device Peripherals 5% Display 8% 3% Storage Panel Device 13% Display 7% Automotive Panel Automotive 69% 15% 67% Automotive Display Panel Storage Device Network & Server
Slide 17: Consolidated Balance Sheet & Important Financial Indicator
Consolidated Balance Sheet & Important Financial Indicator Accounts 1Q23 4Q22 1Q22 (TWD 100M) Amount % Amount % Amount % Cash and cash equivalents 30.85 14.9% 16.78 8.4% 27.99 14.3% Accounts receivable 39.98 19.3% 43.65 21.8% 46.66 23.8% Inventories 24.10 11.6% 27.07 13.5% 27.84 14.2% Property, plan
Slide 19: 2023Q1 Summary (I)
2023Q1 Summary (I)  In terms of products, the proportion of automotive increased from 67% in the fourth quarter to 69% in the first quarter, mainly due to the increase in customer demand; the display panel was decreased from 15% to 13% because the panel makers controlled capacity utilization rate c
Slide 20: 2023Q1 Summary (II)
2023Q1 Summary (II)  Gross profit margin was 19.8%, a slight increase of 0.2 percentage points, mainly because the production cost of Huangshi Plant 2 continued to improve.  Operating expenses increased from 487 million to 505 million, and the operating expense ratio also increased from 12.9% to 1
Slide 22: 2023Q2, H2 and full year operating outlook
2023Q2, H2 and full year operating outlook  In the second quarter, we felt the order visibility is low, and the mode of short orders/urgent orders. In addition, the capacity utilization of display panel factories is expected to pick up. Our revenue target is to be the same as that in the first quar
Slide 25: Carbon reduction long-term target update
Carbon reduction long-term target update 2040 Carbon 2030 neutral Carbon intensity 2022 reduction 50% officially Carbon peak released 2023 © Dynamic Holding Co., Ltd. All Rights Reserved. 25
Slide 26: 2023 ESG Action Plan
2023 ESG Action Plan  ISO14064 organization greenhouse gas inventory and verification (including scope 1, 2, 3) - completed before August each year.  ISO14067 Product Carbon Footprint Inventory and Verification – It is expected to complete two part numbers in August: 1 multi-layer board and 1 HDI
Slide 27: Solar Power Kanban in Huangshi
Solar Power Kanban in Huangshi At present, the first phase of photovoltaic power generation (the roof of B9 building) has been completed on June 23, 2022. The power generation data is shown in the figure below. It has been in operation for 315 days until May 3, 2023, with a total power generation of
Slide 28: Q&A
Q&A

Dynamic Holding — Q1 2023 Earnings Presentation on 6ix

Dynamic — Q1 2023 Earnings Presentation

Slide 1: Operating Result Report for Q1 2023

Slide 2: Content

Slide 3: Disclaimer

Slide 4: Market Information

Slide 5: World Economic Outlook Update

Slide 6: World Semiconductor, PCB, and GDP Forecast

Slide 7: Global Light Vehicle Sales

Slide 8: China Light Vehicle Sales

Slide 9: DIGITIMES's forecast of EV shipment to 2025

Slide 10: Operating Overview for Q1 2023

Slide 11: Consolidated Sales and GM Trends

Slide 12: Consolidated Net Profit and EPS Trends

Slide 13: Automotive Revenue Trends

Slide 14: 2023Q1 Sales Analysis - Product

Slide 15: 2023Q1 Sales Analysis - Technology

Slide 16: Consolidated Income Statement

Slide 17: Consolidated Balance Sheet & Important Financial Indicator

Slide 18: Consolidated Statements Of Cash Flows

Slide 19: 2023Q1 Summary (I)

Slide 20: 2023Q1 Summary (II)

Slide 21: Outlook for Dynamic

Slide 22: 2023Q2, H2 and full year operating outlook

Slide 23: Dynamic Actions in ESG

Slide 24: Automotive OEM Green Approach Path

Slide 25: Carbon reduction long-term target update

Slide 26: 2023 ESG Action Plan

Slide 27: Solar Power Kanban in Huangshi

Slide 28: Q&A