Vso Electronics Co., Ltd. · TPEX:6913
Vso Electronics — Investor Presentation (April 2026)
22 slides from Vso Electronics's investor presentation, Apr 10, 2026
Slide 1: VSO Electronics
Your Solutions Partner Nae. a5 = ¥e— ¢ , BEER ARAa ~~ VSO Electronics _
Slide 2: Disclaimer
www.vso-corp.com Your YourSolutions SolutionsPartner Partner Disclaimer ￭ Integrity ￭ Professionalism ￭ Quality ￭ Innovation & Growth ￭ Teamwork ￭ Sustainable Business The information contained in this presentation is based on data available at the time of preparation. Certain financial and related
Slide 3: Agenda
www.vso-corp.com Your YourSolutions SolutionsPartner Partner Agenda ￭ Integrity ￭ Professionalism ￭ Quality ￭ Innovation & Growth ￭ Teamwork ￭ Sustainable Business 1. Company Overview Recent Business Highlights 2. Market Strategy Growth Plan & Product Portfolio 3. Financial Performance Latest Financ
Slide 4: iSMART
iSMART MCIO/ PCIe Riser Cable Signal Cable for Industrial Multiple Function Cable Mobile Device Industrial Server and Storage High Power Charging Cable 工業應用 伺服器與資料存取 ORv2_ORv3 Busbar Cable Variable Frequency Drive Cable Power Cable Renewable Energy 能源系統應用 PV Cable Set Medical 醫療設備儀器 BMS Systems High
Slide 5: Vietnam iFactory Bac Ninh Capacity Expansion
Recent Business Highlights Your Solutions Partner Vietnam iFactory_Bac Ninh Capacity Expansion 2025Q2 ．Established in 2015 ．Area: 5,000 m² ◇ Mass Production Lines ◇ Sales & Engineering Service ◇ Incoming Materials Inspection 2025Q1 ◇ Warehousing Launch of Vietnam New iFactory_Hanoi Located in HANSSI
Slide 6: Consolidated Revenue by Segment
Recent Business Highlights Your Solutions Partner Consolidated Revenue by Segment NT$ (in thousands) 2025年H1 營收 2025年H2 營收 2026年Q1 營收 iSMART (%) (%) (%) Revenue Revenue Revenue 工業應用 197,070 16.07% 174,073 12.39% 90,933 12.76% Industry 伺服器與資料存取 312,191 25.45% 458,895 32.66% 306,477 43.02% Server & St
Slide 7: Cable Segment Revenue (Consolidated)
Recent Business Highlights Your Solutions Partner Cable Segment Revenue (Consolidated) NT$ (in thousands) 2025年H1 營收 2025年H2 營收 2026年Q1 營收 iSMART (%) (%) (%) Revenue Revenue Revenue 工業應用 197,070 19.56% 174,073 15.82% 90,933 16.03% Industry 伺服器與資料存取 312,191 31.00% 458,895 41.72% 306,477 54.01% Server
Slide 8: Agenda
www.vso-corp.com Your YourSolutions SolutionsPartner Partner Agenda ￭ Integrity ￭ Professionalism ￭ Quality ￭ Innovation & Growth ￭ Teamwork ￭ Sustainable Business 1. Company Overview Recent Business Highlights 2. Market Strategy Growth Plan & Product Portfolio 3. Financial Performance Latest Financ
Slide 9: AI Server Deployment Continues to Scale in 2026, with Liquid Cooling Penetration Expected to Exceed 50%
AI Server Deployment Continues to Scale in 2026, with Liquid Cooling Penetration Expected to Exceed 50% Global Server Shipments and Liquid Cooling Penetration Forecast (2023–2026) Unit: Thousand Units 全球伺服器總出貨量 Global Server Shipments 高階AI伺服器出貨量 High-End AI Server Shipments 高階AI伺服器搭配液冷散熱佔比 Liquid Co
Slide 10: Leak Detect Cable for Liquid Cooling Systems
Growth Plan & Product Portfolio Your Solutions Partner 伺服器用水冷漏液偵測線 Leak Detect Cable for Liquid Cooling Systems Utilizing resistive, capacitive, and conductive sensing, leak detection cable swiftly identifies liquid leaks and triggers instant alerts. Designed for data centers, server rooms, and indu
Slide 11: PCIe Gen 6 Solutions
Growth Plan & Product Portfolio Your Solutions Partner PCIe Gen 6 Solutions SFF-TA-1035 PCIe Riser DA CEM Cables Compatible with E1.S, E3.S Specification • PCIe Gen6 compliant • 85Ω differential / 30–32 AWG cable • Up to 16 GHz Bandwidth • Up to 64 Gb/s PCB Paddle vs. Molded Paddle This product's de
Slide 12: External High-Speed Interconnect (Outside the Box)
Growth Plan & Product Portfolio Your Your Solutions Solutions Partner Partner External High-Speed Interconnect （Outside the Box） 800G / 1.6T DAC Product Roadmap Copper vs. Optical Interconnect（Transceiver / AOC） Application Segmentation: Short-Range vs. Mid- to Long-Range in Data Centers OSFP DAC 80
Slide 13: Power Whip Cable Assembly
Growth Plan & Product Portfolio Power Whip Cable Assembly Innovation Innovation Technology Technology Service Service
Slide 14: Go-to-Market
Growth Plan & Product Portfolio Your Your Solutions Solutions Partner Partner Global Market Strategy Go-to-Market U.S. Market Partnerships & Localization Strategy Tier-1 Customer Engagement & Design-In Opportunities Manufacturing & Supply Chain Footprint Global Delivery Capability + Customer Stickin
Slide 15: Agenda
www.vso-corp.com Your YourSolutions SolutionsPartner Partner Agenda ￭ Integrity ￭ Professionalism ￭ Quality ￭ Innovation & Growth ￭ Teamwork ￭ Sustainable Business 1. Company Overview Recent Business Highlights 2. Market Strategy Growth Plan & Product Portfolio 3. Financial Performance Latest Financ
Slide 16: Financial Performance – Latest Results
Financial Performance – Latest Results Your Solutions Partner NT$ (in thousands) FY2025 FY2024 Item YoY Change Audited Audited Revenue 2,631,512 2,162,996 21.7% Gross Profit 713,695 592,388 20.5% Gross Margin 27.12% 27.39% -1.0% Operating Income 262,313 224,725 16.7% Operating Margin 9.97% 10.39% -4
Slide 17: Financial Performance – Latest Results
Financial Performance – Latest Results Your Solutions Partner Item FY2025 FY2024 Debt-to-Asset Ratio(%) 43 34 Days Sales Outstanding (DSO) 121 115 Days Inventory Outstanding (DIO) 50 45 Current Ratio (x) 1.9 2.4 Quick Ratio (x) 1.6 2.1 Fixed Asset Turnover (x) 4.63 5.50 ROA (%) 7.92 9.42 ROE (%) 12.
Slide 18: Financial Performance – Latest Results
Financial Performance – Latest Results Your Solutions Partner NT$ (in thousands) FY2025 FY2024 FY2023 FY2022 FY2021 Revenue 2,631,512 2,162,996 1,816,150 2,273,919 2,118,970 R&D Expenses 125,991 95,648 77,273 69,075 54,474 R&D as % of Revenue 4.79% 4.42% 4.25% 3.04% 2.57% Innovation Innovation Techn
Slide 19: Financial Performance – Latest Results
Financial Performance – Latest Results Your Solutions Partner NT$ (in thousands) FY2025 FY2024 Item YoY Change Audited Audited Net Cash from Operating Activities 205,639 50,405 308.0% Net Cash Used in Investing Activities (344,027) (401,271) -14.3% ─Change in Financial Assets (40,235) (232,221) -82.
Slide 20: Financial Performance – Latest Results
Financial Performance – Latest Results Your Solutions Partner NT$ (in thousands) FY2026 FY2025 FY2024 FY2023 FY2022 Item Estimated Actual Actual Actual Actual Capital 325,008 314,247 180,323 117,506 101,568 Expenditures Innovation Innovation Technology Technology Service Service
Slide 21: Q&A
www.vso-corp.com Your YourSolutions SolutionsPartner Partner Q&A ￭ Integrity ￭ Professionalism ￭ Quality ￭ Innovation & Growth ￭ Teamwork ￭ Sustainable Business
Slide 22: VSO Electronics Your Best Connected Solutions Provider
VSO Electronics Your Best Connected Solutions Provider Your Solutions Partner 22 22