Sitronix Technology Corp. · TWSE:8016
Sitronix Technology — Q4 2023 Earnings Presentation
11 slides from Sitronix Technology's earnings presentation, Mar 18, 2024
Slide 1: Sitronix Technology Corp. 4Q 2023 Results Investor Presentation
Sitronix 8016.TW Sitronix Technology Corp. 4Q 2023 Results Investor Presentation 2024/Mar Sitronix Public and External Use 2024 Sitronix External Use 1
Slide 2: Safe Harbor Statement
The contents of this presentation are based on available information, and the Company’s views when made. The information in this presentation may contain descriptions of the future prospects of the Company and its subsidiaries, and are subject to risks and uncertainties, which may cause actual resul
Slide 3: About Sitronix Group
About Mission Sitronix “Achieve the highest level of customer satisfaction with Group the most competitive cost and quality technology.” Business Model Company Profile • A global market leader in small size display driver IC (DDIC) holds a Sitronix Technology Corp Group dominant position in AIoT & I
Slide 4: Group members
Sales 33% Sales 30% Sensors Group Wearable devices Optical sensors members Consumer electronics Feature phone MEMS sensors Sales 13% Sales 16% 2024 Sitronix External Use 4
Slide 5: Consolidated Revenue Update
Consolidated Revenue Update ■ 2024 YTD: as of Feb 2024, accumulated unaudited consolidated revenue is NT$ 2,891,418 thousand, an increase of 37.62% YoY. ■ 4Q23: revenue increased by 7.37 % QoQ and increased 17.74% YoY. ■ 2023 YTD: as of Dec 2023, consolidated revenue is NT $16,722,891 thousand, a de
Slide 6: Sales Mix
Sales Mix ■ AIoT DDI / Industrial DDI : Stable growth with macro. Launched strategic products to improve sales & GPM. ■ Sensor : 4Q mobiles supply chain’s inventory stayed low and restocked. 1Q24 optical sensor shipment is driven by the AI model of high-end brand. Mid-end brands shipment remain slow
Slide 7: Income Statement
Income Statement NT$ 2020 2021 2022 2023 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Sales ( 000’NTD) 13,804,562 22,255,670 18,027,827 16,722,891 4,065,580 3,831,421 3,600,616 4,409,563 4,201,548 4,511,164 Gross Prof. 34% 56% 46% 34% 42% 30% 30% 35% 37% 34% Margin % Opex to Sales % 18% 19% 19% 19% 21% 18% 20% 18%
Slide 8: Operation Indicator
Operation Indicator - Inventory reaches peak in 3Q 2022; customers restocked inventory at the end of 1Q23; - Return to low levels since 2Q23. Turnover days 2020 2021 2022 2023 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Inventory 70 74 128 117 102 180 205 167 134 96 99 83 AR 37 27 32 31 32 37 35 33 30 2
Slide 9: ESG Actions
■ Published latest Sustainability report on website and secured external ESG Actions verification. ■ 2023 – Ranked 2022 TWSE Corporate Governance Evaluation Top 6~20% among all the listed companies. ■ 2023 - Sitronix (parent company) has published GHGreport and obtained external verification. Sitron
Slide 10: Q&A
Q&A 10
Slide 11: Thank You
Thank You Sitronix External Use The information contained herein is the exclusive property of Sitronix and shall not to be distributed, reproduced, or disclosed in whole or in part without prior written permission of Sitronix. © 2024 Sitronix Technology Corporation. All rights reserved. Sitronix Pub