Global Unichip Corp. · TWSE:3443
Global Unichip — Q2 2024 Earnings Presentation
21 slides from Global Unichip's earnings presentation, Jul 25, 2024
Slide 1: © 2024 GUC Proprietary & Security B
© 2024 GUC Proprietary & Security B 07/25/2024
Slide 2: 2024 Second Quarter Results
2024 Second Quarter Results IR Conference 07/25/2024 © 2024 GUC Proprietary & Security B 07/25/2024
Slide 3: Agenda
2Q24 Financial Results Agenda Business Update © 2024 GUC Proprietary & Security B 3 07/25/2024
Slide 4: Safe Harbor Notice
Safe Harbor Notice GUC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. Except as required by law, we undertake no obligation to
Slide 5: 2Q24 Financial Results
2Q24 Financial Results © 2024 GUC Proprietary & Security B 07/25/2024
Slide 6: 2Q24 Statements of Comprehensive Income
2Q24 Statements of Comprehensive Income Unit: NT$M 2Q24 QoQ 1Q24 2Q23 YoY Revenues 6,720 18% 5,690 6,587 2% NRE 2,821 104% 1,386 1,266 123% Turnkey 3,823 -8% 4,164 5,168 -26% Others 76 -46% 140 153 -50% Gross Margin 2,053 22% 1,689 1,919 7% % 30.6% 29.7% 29.1% SG&A Exp (201) -20% (250) (231) -13% R&
Slide 7: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$M 2021 2022 2023 1H 2024 1H 2023 YoY Amount % Amount % Amount % Amount % Amount % Revenues 15,108 11% * 24,040 59% * 26,241 9% * 12,410 -5% * 13,116 33% * -5% NRE 4,709 31% 6,539 27% 6,763 26% 4,207 34% 2,752 21% 53% Turnkey 10,087 67% 16,880 70% 18,981 72
Slide 8: Business Update
Business Update © 2024 GUC Proprietary & Security B 07/25/2024
Slide 9: 2Q24 Revenue & Gross Margin
2Q24 Revenue & Gross Margin YoY YoY +2 % +1.5 ppt QoQ QoQ +18 % + 0.9 ppt © 2024 GUC Proprietary & Security B 9 07/25/2024
Slide 10: 2Q24 Revenue Breakdown
2Q24 Revenue Breakdown YoY NRE: +123% QoQ Turnkey:-26% NRE: +104% Others: -50% Turnkey: -8% Others: -46% © 2024 GUC Proprietary & Security B 10 07/25/2024
Slide 11: 2Q24 OPEX & OPM
2Q24 OPEX & OPM YoY R&D: +9% QoQ SG&A: -13% R&D: +12% OPM: +10% SG&A: -20% OPM: +46% % of Sales 2Q23 3Q23 4Q23 1Q24 2Q24 R&D 11.4% 12.2% 11.9% 12.9% 12.2% SG&A 3.5% 3.5% 3.5% 4.4% 3.0% OPEX 14.9% 15.7% 15.4% 17.3% 15.2% OPM 14.2% 16.2% 13.1% 12.4% 15.3% © 2024 GUC Proprietary & Security B 11 07/25/2
Slide 12: 2Q24 NPM & EPS
2Q24 NPM & EPS YoY YoY +0.8 ppt QoQ +8% QoQ + 1.8 ppt +37% © 2024 GUC Proprietary & Security B 12 07/25/2024
Slide 13: Quarterly Sales Breakdown by Technology
Quarterly Sales Breakdown by Technology Sales(NT$M) $6,587 $6,810 $6,315 $5,690 $6,720 © 2024 GUC Proprietary & Security B 13 07/25/2024
Slide 14: Annual Sales Breakdown by Technology
Annual Sales Breakdown by Technology Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410 © 2024 GUC Proprietary & Security B 14 07/25/2024
Slide 15: Annual NRE Breakdown by Technology
Annual NRE Breakdown by Technology Sales(NT$M) $4,614 $4,709 $6,539 $6,763 $4,207 © 2024 GUC Proprietary & Security B 15 07/25/2024
Slide 16: Annual Turnkey Breakdown by Technology
Annual Turnkey Breakdown by Technology Sales(NT$M) $8,525 $10,087 $16,880 $18,981 $7,987 © 2024 GUC Proprietary & Security B 16 07/25/2024
Slide 17: Annual Sales Breakdown by Region
Annual Sales Breakdown by Region Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410 © 2024 GUC Proprietary & Security B 17 07/25/2024
Slide 18: Annual Sales Breakdown by Application
Annual Sales Breakdown by Application Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410 © 2024 GUC Proprietary & Security B 18 07/25/2024
Slide 19: Annual Sales Breakdown by Customer Type
Annual Sales Breakdown by Customer Type Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410 © 2024 GUC Proprietary & Security B 19 07/25/2024
Slide 20: Presentation Disclaimer
Presentation Disclaimer The content may only represent current status and are subject to change without prior notice. © 2024 GUC Proprietary & Security B 07/25/2024
Slide 21: for your attention
for your attention © 2024 GUC Proprietary & Security B 07/25/2024