United Orthopedic Corporation · TPEX:4129
United Orthopedic — Q2 2023 Earnings Presentation
18 slides from United Orthopedic's earnings presentation, Aug 17, 2023
Slide 1: United Orthopedic Corporation 2023 Investor Conference
United Orthopedic Corporation 2023 Investor Conference Jason Lin August 17, 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice Except for historical information set forth herein, this presentation contains certain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from what may be expressed or implied by such statements. Investors sh
Slide 3: Agenda
Agenda The second-quarter performance of 2023 The first-half performance of 2023 Business Update Q&A 3
Slide 4: The Second-Quarter Performance of 2023
The Second-Quarter Performance of 2023 (NT$ thousands) 2022 Q2 2023 Q2 DIFF % Revenue 743,976 933,310 189,334 +25% Operating P/L 71,545 114,567 43,022 +60% Non-OP P/L (33,715) (5,432) 28,283 +84% Net Profit 24,659 85,118 60,459 +245% EPS 0.32 0.97 0.66 4
Slide 5: The First-Half Performance of 2023
The First-Half Performance of 2023 (NT$ thousands) 2022 H1 2023 H1 DIFF % Revenue 1,483,727 1,861,405 377,678 +25% Operating P/L 132,467 216,324 83,857 +63% Non-OP P/L (44,461) (24,132) 20,329 +46% Net Profit 60,482 151,741 91,259 +151% EPS 0.77 1.82 1.05 5
Slide 6: Revenue by Regions (2022 H1 vs. 2023 H1)
Revenue by Regions (2022 H1 vs. 2023 H1) 2022 H1 2023 H1 $1,484M $1,861M JPN 4% OEM 0% JPN 4% OEM 0% A-Spine TW A-Spine TW 11% 22% 10% 23% EU INTL's INTL's 27% 14% EU 11% 32% USA USA China 14% China 16% 8% 4% 6
Slide 7: Overview of Global Deployments
Overview of Global Deployments 45 countries 9 worldwide offices Revenue in 2023 is 1.86 billion, with 85% from self-operated and 15% from distribution. 7
Slide 8: Operating Results by Quarter
Operating Results by Quarter Revenue Trend Chart Financial Ratios (NT$ millions) Margin% OP EXP% 1,000 925 928 933 9% 9% 11% 78% 78% 740 744 759 75% 74% 75% 74% 10% 11% 12% 91% 91% 89% 500 90% 89% 88% 65% 66% 66% 65% 64% 62% 0 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023
Slide 9: Taiwan Market Performance
Taiwan Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) 231 (NT$ millions) 432 +52% +32% +10% 152 +8% 327 138 304 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 9
Slide 10: International Market Performance
International Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) (NT$ millions) -27% 217 - 7% +71% 142 +48% 203 103 147 83 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 10
Slide 11: USA Market Performance
USA Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) (NT$ millions) 147 294 +36% +42% -2% 110 108 +2% 203 206 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 11
Slide 12: Europe Market Performance
380 Europe Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year 620 (NT$ millions) 271 (NT$ millions) 590 +57% +49% 17% France 19% France 190 +49% 173 397 116 12% 81% +57% 15% 83% 10% 88% 90% 310 253 9% 85% 0 2021 Q2 2022 Q2 2023 Q2 91% 0 2021 H1 2022 H1 2023 H1 12
Slide 13: French Market Performance
French Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) (NT$ millions) 220 +44% 492 +49% +46% 153 105 +43% 331 231 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 13
Slide 14: Japan Market Performance
Japan Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) (NT$ millions) 43 86 +59% +40% +42% 27 62 19 +68% 37 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 14
Slide 15: China Market Performance
China Market Performance Revenue for the 2nd quarter Revenue for the 1st half of the year (NT$ millions) (NT$ millions) 60 -3% 137 58 -29% -16% 115 41 -35% 75 2021 Q2 2022 Q2 2023 Q2 2021 H1 2022 H1 2023 H1 15
Slide 16: Outlook for the Second Half of 2023
Outlook for the Second Half of 2023 2022 H1 2022 H2 Grow % Revenue 1,483,727 1,684,953 +14% 2022 Operating P/L 132,467 209,115 +58% (NT$ thousands) Non-OP P/L (44,461) 5,900 Net Profit 60,482 161,051 +166% EPS 0.77 2.07 2023 H1 2023 H2 1,861,405 2023 Revenue Operating P/L 216,324 (NT$ thousands) Non
Slide 17: Performance in July
Performance in July Revenue for July Cumulative Revenue for Jan. to Jul. NT$ 313M NT$ 2,175M (新台幣 (新台幣 佰萬元) 2022 2023 YoY% 佰萬元) 2022 2023 YoY% 營業收入 1707.4 2,174.6 27% 營業收入 208.4 312.6 50% TW 388.7 507.4 31% TW 61.3 75.5 23% INTL 252.9 245.1 -3% INTL 35.5 42.1 19% China 127 83.1 -35% China 12.1 7.9 -
Slide 18: Thank you for listening
Thank you for listening Each Step We Care