Mitac Holdings Corp. · TWSE:3706
Mitac — Q3 2021 Earnings Presentation
14 slides from Mitac's earnings presentation, Nov 24, 2021
Slide 1: Mitac Holdings Corporation Online Investor Conference
MITAC HOLDINGS CORPORATION Online Investor Conference November 24th , 2021
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements. These forward-looking statements reflect the current expectations, assumptions, estimates and projections regarding the anticipated developments and other factors based upon the information now available to us. These forwar
Slide 3: Agenda
Agenda • Company Update Billy Ho, President and Spokesperson • Financials Doris Huang, VP of Finance and Deputy Spokesperson • Cloud and Edge Computing Business Michael Lin, President of MCT • Automotive and A-IoT Business Steve Chang, President of MDT • Q&A MCT: Mitac Computing Technology Corp. MDT
Slide 4: Financials
Financials 2, MiTAC MITAC HOLDINGS col
Slide 5: 2021 1Q~3Q Products Profile (Consolidate)
2021 1Q~3Q Products Profile (Consolidate) MIC 8.5% BU Amount % MDT10.3% MCT 26,585 81.2% MDT 3,394 10.3% MIC 2,775 8.5% MCT 81.2% Total 32,754 100% Unit: NT$ Million MCT: MiTAC Computing Technology Corp. MCT MDT MIC MDT: MiTAC Digital Technology Corp. MIC: MiTAC International Corp. 5
Slide 6: Income Statement
Income Statement Unit: NT$ Million Item 2019 2020 YOY(%) 2020YTD 2021YTD YOY(%) Operating Revenues 35,832 41,146 15% 31,119 32,754 5% Gross Profit 5,190 4,625 (11%) 3,684 3,195 (13%) Gross Profit % 14.48% 11.24% 11.84% 9.75% Operation Expense 4,689 4,551 (3%) 3,494 3,223 (8%) Operation Expense % 13%
Slide 7: Long-term Investment TD SYNNEX (SNX)
Long-term Investment TD SYNNEX (SNX) SYNNEX + Tech Data TD SYNNEX on September 1st According to IFRS, the investment was changed from “Equity Method” to “Financial assets at fair value through other comprehensive income” after the merger due to a reduced shareholding ratio. After recognizing the o
Slide 8: Profitability Analysis
Profitability Analysis Revenue Gross Profit NT$ Million Growth Rate % NT$ Million GP% % 15,000 17% 15% 13,000 14% 11,000 11% 40,000 9,000 10% 41,146 30,000 35,832 7,000 32,754 20,000 5,000 5,190 3,000 4,625 10,000 3,195 1,000 0 (1,000) 2019 2020 2021Q3YTD 2019 2020 2021Q3YTD Net Income EPS NT$ Milli
Slide 9: Balance Sheet
Balance Sheet Unit: NT$ Million Item 2019.12.31 2020.12.31 2021.09.30 Cash and Cash Equivalents 6,665 5,805 6,634 Current Assets 23,189 21,982 25,317 Long-term Investments 22,167 25,173 35,988 Property, Plant and Equipment 7,811 7,753 7,516 Total Assets 55,410 57,172 71,075 Current Liabilities 14,10
Slide 10: Capital Structure and Liquidity Analysis
Capital Structure and Liquidity Analysis 187% Quick Ratio 176% 164% 106% 105% Current Ratio 99% 40% 34% 44% Debt to Equity 29% 30% 25% Debt Ratio 2019 2020 2021Q3 10
Slide 11: Operating Performance Analysis
Operating Performance Analysis Inventory Turnover (Days) Receivables Turnover(Days) 99 97 92 61 53 45 2019 2020 2021Q3 2019 2020 2021Q3 Cash Turnover (Days) Payable Turnover (Days) 93 88 75 67 63 62 2019 2020 2021Q3 11 2019 2020 2021Q3
Slide 12: Cloud and Edge Computing Business
Cloud and Edge Computing Public Cloud Business Software-Defined HPC/AI Server Storage (SDS) Front-end Server Open Radio Area Edge Network (O-RAN) for 5G Server Private Cloud Front-end Server Enterprise Server Enterprise Storage To Client Devices 12
Slide 13: Automotive and A-IoT
Automotive and Transformation A-IoTUncertainty & Volatility Through Core Value Innovation Thoughtful Design Mio/ODM DVR Quality AM/DOP/MOP CE/Online/Car dealer Professional Connected Tablet DVR B2B ➤ VSP/FSP/DMS Mio/Private Label/ODM B2B2C ➤ Insurance Vehicle/Hospitality/WMS… Smart Lig
Slide 14: Mitac IR Website and IR Contact
Mitac IR Website: https://www.mitac.com/en-global/investors_overview/index Quarterly Financial Statements: https://www.mitac.com/en-global/quarterly_statement/index/ IR Contact: Ms. Sammy Huang Email : stock@mic.com.tw / sammy.huang@mic.com.tw Phone : +886-3-3289000 ext. 7685 Website: www.mitac.com