Greatek Electronics, Inc. · TWSE:2441
Greatek Electronics — 2020 Institutional Investors Conference
21 slides from Greatek Electronics's conference presentation, Jan 26, 2021
Slide 1: 2020 Institutional Investors Conference
2441 2020 INSTITUTIONAL INVESTORS CONFERENCE JAN. 26, 2021
Slide 2: Safe Harbor Statement
Safe Harbor Statement This following presentation may include predictions, estimates or other information that might be considered forward-looking. These forward-looking statements are based on information available to Greatek as of the date of this conference and current expectations, forecasts and
Slide 3: Agenda
Agenda Financial Results Business Highlights Business Outlook Q&A
Slide 4: 2020 Financial Results
Greatek 2020 Financial Results
Slide 5: 2020 Quarterly Statement of Comprehensive Income
Greatek 2020 Quarterly Statement of Comprehensive Income NTD M Account 1Q20 2Q20 3Q20 4Q20 2020 Net Sales 3,273 3,589 3,780 4,060 14,702 Operating Costs 2,503 2,678 2,775 2,936 10,892 Gross Profit 770 911 1,005 1,124 3,810 Gross Margin 23.5% 25.4% 26.6% 27.7% 25.9% Operating Expenses 114 123 132 195
Slide 6: YoY Comparison of 4Q20 Statement of Comprehensive Income
Greatek YoY Comparison of 4Q20 Statement of Comprehensive Income NTD M Account 4Q20 % 4Q19 % YoY Net Sales 4,060 100.0% 3,232 100.0% 25.6% Operating Costs 2,936 72.3% 2,480 76.7% 18.4% Gross Profit 1,124 27.7% 752 23.3% 49.5% Operating Expenses 195 4.8% 117 3.6% 66.7% Operating Income 929 22.9% 635
Slide 7: Comparison of Annual Statement of Comprehensive Income
Greatek Comparison of Annual Statement of Comprehensive Income NTD M Account 2020 % 2019 % YoY Net Sales 14,702 100.0% 12,030 100.0% 22.2% Operating Costs 10,892 74.1% 9,231 76.7% 18.0% Gross Profit 3,810 25.9% 2,799 23.3% 36.1% Operating Expenses 564 3.8% 460 3.8% 22.6% Operating Income 3,246 22.1%
Slide 8: Balance Sheet as of December 31, 2020
Greatek Balance Sheet as of December 31, 2020 NTD M Account Amount % Current Assets 9,444 43.9% - Cash 3,935 18.3% Non-Current Assets 12,088 56.1% Total Assets 21,532 100.0% Current Liabilities 3,262 15.1% Non-Current Liabilities 273 1.3% Total Liabilities 3,535 16.4% Shareholders' Equity 17,997 83.
Slide 9: 2020 Business Highlights
Greatek 2020 Business Highlights
Slide 10: Key Highlights for 2020 Results
Greatek Key Highlights for 2020 Results Revenue Gross Margin EPS ◎ NT$ 14.7 Billion ◎ 25.9% ◎ NT$ 4.68/share 2020 YoY up 22.2% YoY up 2.6% YoY up 40.5% ◎ NT$ 12.0 Billion ◎ 23.3% ◎ NT$ 3.33/share 2019 YoY down 2.6% YoY down 3.1% YoY down 20.3% Great results for both of Revenue and G.M. Overall 4Q20
Slide 11: Revenue Comparison by Quarter
Greatek Revenue Comparison by Quarter (In NTD M) Reached a record high for the same period 4Q set a new record high QoQ 7.4% YoY 25.6% Total 12,356 12,030 14,702 22.2%
Slide 12: YoY Comparison of Revenue Breakdown by Service
Greatek YoY Comparison of Revenue Breakdown by Service (In NTD M) Testing Packaging
Slide 13: YoY Comparison of Revenue Breakdown by Assembly Process
Greatek YoY Comparison of Revenue Breakdown by Assembly Process
Slide 14: Business Outlook
Greatek Business Outlook
Slide 15: Industry Overview
產業概況 Greatek Industry Overview 在人工智慧(AI)、物聯網(IOT)、PC/NB、手機應用等產品的帶動下，2020 年整體需求強勁，半導體景氣成長。 Strong demand in 2020 from AI, IOT, PC/NB, Mobile devices and brought semiconductor industry business booming. 因美中貿易磨擦及新冠肺炎疫情影響，全球供應鏈調整，有明顯轉單效應。 With the impact from US-CN trade tension and COVID-19 pandemic, t
Slide 16: Industry Overview
產業概況 Greatek Industry Overview 因疫情影響，防疫、遠距商機及家庭娛樂之需求造成醫療器材、筆電、 面板、遊戲機等相關產品持續成長，預計將持續到2021年。 The Pandemic is causing surge demand for medical, remote education/work and home media, driving the continuous growth for medical equipments, notebooks, panels, and gaming consoles in 2021. 車用電子之需求自2020年下半年開始
Slide 17: Outlook for 2021
營運展望 Greatek Outlook for 2021 現有產能滿載且需求遠大於供給，尚需一段時間消化。 Full factory utilization and Demand over Supply, it may take a while to digest backlog. 5G相關新產品逐步導入量產，訂單成長，預期2021年將帶來另一波成長。 New devices for 5G related applications are moving to high volume production, and contribute additional growth opportunit
Slide 18: Outlook for 2021
營運展望 Greatek Outlook for 2021 因產能滿載，持續擴充產能，2021年將興建頭份二廠及WT二廠，以利未來 之發展及滿足客戶之需求。 To fulfill customer demand and sustain business growth, there are 2 new factory construction plans in 2021 for Toufen site and Wafer Test to support future capacity needs. 超豐的QFN及Legacy Packaging總體持續領先業界，預期吸引更多國內外訂 單。 The
Slide 19: Outlook for 2021
營運展望 Greatek Outlook for 2021 強勢台幣、金價及原物料價格上揚、原材料及機器設備短缺，對營運是為 不利因素。 Strong NTD, Gold price and raw material cost increase, and potential material and equipment supply shortage are the key disadvantages. 國際政經局勢不穩定，新冠肺炎疫情嚴峻，仍會是全球經濟前景的變數。 The instability of global political and economic situation and
Slide 20: GREATEK
GREATEK
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