Malaysian Pacific Industries Bhd. · MYX:MPI
Malaysian Pacific Industries Bhd — Q2 FY2026 Earnings Presentation
56 slides from Malaysian Pacific Industries Bhd's earnings presentation, February 2026
Slide 1: Malaysian Pacific Industries Berhad Investor Presentation Q2 FY2026
1 M A L A Y S I A N P A C I F I C I N D U S T R I E S B E R H A D I N V E S T O R P R E S E N T A T I O N Q 2 F Y 2 0 2 6 ( O c t - D e c ‘ 2 5 ) INVESTOR RELATIONS CONTACT Kaushal Mathur +60320809283 extn 89283 kaushal.mathur@carsem.com Malaysian Pacific Industries Berhad
Slide 2: Disclaimer
2 DISCLAIMER Malaysian Pacific Industries (MPI) provides access to this presentation for general reference only. This presentation is strictly confidential solely intended for communicating financials and may not be reproduced or circulated without MPI’s prior consent. If you are the recipient of th
Slide 3: Table of Content
1 3 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 4: Business overview
4 Business overview MPI – A member of the Hong Leong Group Hong Leong Group and MPI • The Hong Leong Group was established over 50 years ago and is one of The Hong Leong Group the largest conglomerates in Asia One of the Largest Conglomerates in Malaysia • Carsem is an operating company within Malay
Slide 5: Financial performance snapshot
5 Financial performance snapshot Solid fundamentals position the business to outperform in tough conditions Revenue (RM million) PATAMI* growth (%) Debt 1,262 57% ZERO YTD FY26 YTD FY26 vs. YTD FY25 as of Q2 FY26 CAPEX (RM million) EBITDA (%) Net cash (RM million) 156 25% 1,048 Q2 FY26 Q2 FY26 as of
Slide 6: Table of Content
1 6 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 7: Our journey
7 Our journey JOURNEY & CAPABILITIES Carsem Bangkok Carsem Suxiang Power Management 5G, 5G Test - CuClip Technology for Cloud Server Farms RF – Smartphone Thin & Multi-Die SiC, GaN, modules MLP – Small & Thin Sensors TVS SiC tech For auto, AI – X3 for Mobile Market Sensors for For RF & power mid/ hi
Slide 8: Management team
8 Management team Several years of deep consolidated experience in the industry Manuel Zarauza GROUP MANAGING DIRECTOR, MPI Over 25 years of manufacturing sector experience; Previously with Siemens, Osram Opto Semiconductors, and Seoul Semiconductor Prof. Ts. Dr. AJayandaran Lau Ping Ong Inderjeet S
Slide 9: Table of Content
1 9 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 10: Supply chain & business model
10 Supply chain & business model Carsem’s packaging & test services form a vital part of semiconductor value chain IC backend Boxing/ PCB manu- SMT SMT End Mask IC frontend production module/ System design IC Design facturing Assembly Assembly customer production production (Assembly & system (bareb
Slide 11: Wide portfolio
11 Wide portfolio COMPREHENSIVE TURNKEY PACKAGING & TEST SERVICES ACROSS KEY APPLICATIONS Automotive System in Quad Flat Package MLP Small Outline IC Package (SiP) (QFP) Industrial (inc. AI) Transient Voltage Power Management Consumer & MEMS & Sensors Copper Clip Flip Chip Suppressor (TVS) (SiC, GaN
Slide 12: Geographic footprint
12 Geographic footprint Broad geographic presence, serving a global customer base CARSEM SUXIANG, CHINA CARSEM NORTH AMERICA CARSEM S. KOREA CARSEM SUZHOU, CHINA CARSEM JAPAN CARSEM TAIWAN CARSEM BANGKOK, THAILAND CARSEM IPOH, MALAYSIA Wide bandgap S-site M-site (SiC/ GaN) LEGEND Manufacturing plant
Slide 13: Production facilities
13 Production facilities Carsem S-Site, Ipoh, Malaysia Carsem Suzhou, China • Floor Space: 640K sq. ft. (60,000 sq. m.) • Floor Space: 600K sq. ft. (56,000 sq. m.) • Workforce: 2,272 employees • Workforce: 2,814 employees • Applications: Automotive, Industrial • Applications: Automotive, Industrial,
Slide 14: Table of Content
1 14 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 15: Sustainability performance
15 Sustainability performance MPI is a reliable and recognized brand for sustainable business practices for FOUR successive years Top ESG ratings Diverse and inclusive organisation 6,508 permanent employees as of FY25 Gender diversity In top band of ESG ~50% ~50% ratings amongst all Leader in sustai
Slide 16: Environment
16 Environment Continuously identifying and implementing opportunities to optimize our GHG emissions, and energy & water consumption Wastewater concentration system to reduce hazardous waste at Carsem SZ Other notable initiatives • Chiller and AHU optimization at Carsem M • Building HVAC control sys
Slide 17: Training & education
17 Training & education Training and upskilling are among our topmost strategic priorities Meeting Management System (MMS) training DOE Training DEK Printer Advance Health Check Training Firefighting Training VDA 6.3 Training Akademi Dalam Industri (ADi) Malaysian Pacific Industries Berhad
Slide 18: Employee relations
18 Employee relations Employee engagement and CSR activities CARSEM CERIA Internal Sports Event CCC (Carsem Charity Chest) donation Carsem Merdeka! Ken-Durian Malaysian Pacific Industries Berhad
Slide 19: Anti-bribery & anti-corruption
19 Anti-bribery & anti-corruption Leading ethically and transparently Certification for implementing Anti-Bribery Management Systems, complying with ISO 37001:2016. Operating subsidiaries Certifying authority Status Carsem M SIRIM QAS International Sdn. Bhd. Certified Shanghai Ingeer Certification A
Slide 20: Table of Content
1 20 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 21: Market outlook – long term growth prospects intact
21 Market outlook – long term growth prospects in tact Global semiconductor market is poised to soon breach the ~$1 trillion mark, and estimated at ~$1.6 trillion by 2030 Strong secular growth drivers • AI, robotics, computing and data center infrastructure Consumer demand, automotive (EV, ADAS) dri
Slide 22: Malaysia is in the right spot
22 Malaysia is in the right spot Malaysia is already significant in OSAT and, through policy and investment, well-positioned to grow with the global semiconductor wave. Also, benefitting from the US-China trade tensions Existing OSAT leadership Govt. strategy unlocking further opportunities Spillove
Slide 23: Impact of Forex and input material costs
23 Impact of Forex and input material costs Weakening exchange rate and raw material price inflation exert cost pressure and impact profitability Exchange rate, USD-MYR, Jan-24 – Jan-26 Gold price average, per troy ounce, Jan-22 – Jan-26 Source: World Gold Council; 1 troy ounce = 31 grams Source: DO
Slide 24: Growth strategy
24 Growth strategy Our long term vision is to be the leading OSAT for automotive and AI, driven by 4 strategy tenets Sales Technology • Strategic sales across application & geography • Investing in wide band gap tech (SiC, GaN), power • Strategic acquisitions packages for AI, custom sensors for auto
Slide 25: Sales – Future growth focus
25 Sales – Future growth focus MPI completed the acquisition of IFX’s backend facility at Bangkok (Nonthaburi) Prime strategic location, Land very accessible Infrastructure in place, launchpad Building for future expansion Technically skilled and Access to trained Functional, well Equipments experie
Slide 26: Sales – Future growth focus (Suxiang factory)
26 Sales – Future growth focus Carsem is prioritizing future growth CARSEM SUXIANG NEW FACTORY IN SUXIANG ✓ Floor Space: 825K sq. ft. (77,000 sq. m), ✓ Renovated Cleanroom 7,000 sq.m out of 35,000 sq.m ✓ Production Floor: 5-storey ✓ Application: Focus on Automotive & Industrial Production commenced
Slide 27: Sales – Future growth focus (WBG plant)
27 Sales – Future growth focus New factory opposite Carsem M-site for WideBand Gap (WBG) FOL (Level 2) EOL (Level 1) WIDEBAND GAP TECHNOLOGY PLANT Malaysian Pacific Industries Berhad
Slide 28: Sales – Future growth focus
28 Sales – Future growth focus Seeking opportunities that enable technology and value chain upgrade MODULES / SiP 3D PRINTING DESIGN HOUSE ✓ Development focus on Front End ✓ To enable more integration in ✓ To introduce more silicon Module/ SIP, and Custom SIP smaller sizes carbide technologies ✓ Tar
Slide 29: Confident about longer term growth
29 Confident about longer term growth MPI is built to weather market volatility and poised to benefit from a market recovery Right portfolio positioning Competitive pricing strategy Continued investments in growth areas Adequate capacity to absorb new business Anchor customers and strong pipeline Ro
Slide 30: Sales – Revenue composition
30 Sales – Revenue composition Growth in AI server packages is driving steady revenue increase for Carsem AUTOMOTIVE CONSUMER & COMMUNICATIONS • 5G and IoT are unlocking multitude of use • Automotive sector still not out of the woods cases – smart cities, healthcare, etc. • Long term growth is drive
Slide 31: Technology – Automotive segment
31 Technology – Automotive segment Innovating in line with strategy to be globally preferred OSAT partner for automotive Major trends impacting semiconductor demand (Mobility disruptions) Electrification Autonomy Connectivity Novel battery technologies, growth of electrical Surge in autonomous drivi
Slide 32: Technology – Industrial segment
32 Technology – Industrial segment Expanding portfolio aligned with trends in advanced packaging and testing for power semiconductors, esp. towards AI applications Major trends impacting semiconductor demand Industry 4.0 Big Data Higher performing devices with greater functionality driving models th
Slide 33: Technology – Consumer/communications segment
33 Technology – Consumer/ communications segment Tapping into the 5G revolution via robust custom offerings Major trends impacting semiconductor demand 5G IoT High data rates, massive connectivity and ultra-low latency, catalyzing Need for combining functionalities – security, connectivity & micropr
Slide 34: Technology – Immediate focus: SiC
34 Technology–Immediate focus SiC – Unlocking RF and power applications CARSEM ADVANTAGE ✓ Optimized packaging & Benefits of SiC over performance for better results previous gen materials ✓ Ongoing advanced SiC packaging SiC technology for power has ✓Wider bandgap, solutions for major customers in a
Slide 35: Technology – Immediate focus
35 Technology–Immediate focus Cutting edge technology development across Automotive and Robotics Hydrogen fuel cell – gas sensor Air flow sensor for ICE vehicles Custom design and manufacturing by Carsem ✓ Custom developed air flow sensor micromodule; enables improvement in air-fuel mixing ratio, le
Slide 36: Technology – Immediate focus
36 Technology–Immediate focus Cutting edge technology development TPMS Government mandates for TPMS • Regulators now treating TPMS data as frontline safety information. From Jul Gel 2024, the EU General Safety Regulation II requires TPMS on every new passenger car, bus, truck and trailer. South Amer
Slide 37: sTOLL CLIP MOSFET at Carsem Suzhou
37 Technology–Immediate focus sTOLL 1st successful CLIP MOSFET at Carsem Suzhou sTOLL- new 7x8 mm² Power MOSFET package Perfect choice for future automotive applications up to 250 A Key applications • 12V EPS / 12 VBLDC / 12-48V DC-DC End applications •Motor driving End Customer (Battery supplier) f
Slide 38: ESSOP Cu Wire for automotive application
38 Technology–Immediate focus ESSOP Cu Wire for automotive application at Carsem Suzhou ESSOP - new 3.9x4.9 mm² power MOS package Multiple dies with integrated MOS (Solder) and IC (Epoxy) Key applications • 5~65W Lighting / 10~100W Heater / 0~100W Pump / 0~200W Power End applications End Customer (H
Slide 39: TOLL Package development at Carsem Suzhou
39 Technology–Immediate focus TOLL Package development at Carsem Suzhou TOLL- 9.9x11.7 mm² power MOS package TOLL - Si/GaN/SiC wafer End Applications Si MOS GaN SiC Si TOLL Application: • New Energy Vehicle Electronics • Power Supply & Energy Conversion • Industrial & Consumer Electronics BD POD GaN
Slide 40: IPM at Carsem Suxiang
40 Technology–Immediate focus IPM (Intelligent Power Module) at Carsem Suxiang Advanced Hybrid Integrated Power Package Integrated Automation Line • To drive high quality • To drive high productivity 1: Soft solder&SMT &attach process Key benefits 2: Cleaning process 3: wire bond process • System Re
Slide 41: GaN for RF applications – 5G base stations
41 Technology – Immediate focus GaN for radio frequency (RF) applications – 5G base stations Significant growth is projected for front end modules (FEM) in the next 8 years ✓ Carsem Suzhou already has experience in FEM for 4G/5G, include DiFEM Module/DiFEM Module/Duplexer+ Quadruplext and Inregular
Slide 42: Technology – Future focus: 5G Testing
42 Technology – Future focus 5G Testing 5G – Next Generation of mobile broadband Carsem Suzhou ✓ CSZ is working with 10+ customers for 5G device testing ✓ Completed 5G and Wifi7 RF test capability development, up to WiFi7 7.125GHz ✓ Continuing engagement with specialized customer for 5G FR2 (mmWave)
Slide 43: Technology – Future focus: Satellite Communication
43 Technology – Future focus Satellite Communication Satellite Communication Growth Up Carsem Suzhou ✓ Continue to extend super high RF frequency up to 54 GHz Freq extension ✓ Coverage for mmWave applications: such as 5G, Satcom, Radar, and EW ✓ Engagement with specialized customer for satellite com
Slide 44: Technology – Future focus: Modules
44 Technology – Future focus Modules CARSEM SUZHOU Entirely new SMT Line 3D X - Ray C - Mold ✓ Invested in dedicated machines for FEM module line, capacity expansion for second line, expected to be ready during FY26 ✓ In production - regular & hybrid SiP package ✓ PAMiD Module under development, exp
Slide 45: Quality & productivity focus
45 Quality & productivity focus Epoxy management system – Automation handling Effective – Saving : Life span from 1 day to 7 days • Epoxy/Glue life control • Epoxy/Glue thawing control No thawing leading • One to one exchange GLUE to bubble issue • First in first out (FIFO) to ensure every epoxy is
Slide 46: Awards and recognitions
46 Awards and recognitions Quality, People and ESG BEST SUPPLIER AWARDS received RBA recognition MSOSH Gold Class 1 Award 2025 under the Manufacturing & Chemical RBA Validated Assessment Program, Sectors category — a recognition for Xing Hao Kang Xi Jie Hua Te SILVER status excellent OSH performance
Slide 47: Table of Content
1 47 TABLE OF INTRODUCTION CONTENT 2 CORPORATE OVERVIEW 3 BUSINESS OVERVIEW 4 SUSTAINABILITY 5 GROWTH DRIVERS 6 FINANCIALS & SUMMARY
Slide 48: Financial highlights
48 Financial highlights Q2 FY26 snapshot: MPI remains strong and resilient – Where growth meets profitability! REVENUE Despite overall market uncertainty, Q2 FY26 increased by ~25% YoY in USD terms compared to Q2 FY25 PATAMI Year till date (YTD: Jul-Dec ‘25) PATAMI in FY26 increased by 57% against Y
Slide 49: Key financials
49 Key financials MPI group results at a glance Q2 FY26 Q2 FY25 Q2 vs Q2 YTD FY26 YTD FY25 YoY RM mil RM mil % RM mil RM mil % Revenue 626.6 530.5 18% 1,261.5 1,047.1 20% PAT 74.4 52.1 43% 143.5 92.6 55% PATAMI 57.1 40.0 43% 110.1 70.2 57% EPS (sen) 28.70 20.08 43% 55.40 35.20 57% EBITDA % 25% 25% 2
Slide 50: Investments
50 Investments Carsem continues to prioritize strategic investments for long term growth EBITDA & CAPEX (in RM million), MPI • Installing new machines for capacity expansion • Hire more people across the globe to support business operations & sales • Invest in Research & Development to deliver lates
Slide 51: Cash
51 Cash MPI’s robust cash position is preserved – ready to support ongoing investments and organic/ inorganic growth options Net Cash (RM million) 284 444 573 713 826 902 772 840 816 813 801 872 936 958 1,001 1,040 967 990 988 1,053 1,048 Jun- Jun- Jun- Jun- Jun- Jun- Jun- Sep- Dec- Mar- Jun- Sep- D
Slide 52: Statement of profit or loss
52 Statement of profit or loss Q2FY26 Q2FY25 Change RM '000 RM '000 % Revenue 626,618 530,499 18% Cost of sales (529,962) (469,268) 13% Gross profit 96,656 61,231 58% Operating expenses (25,299) (22,639) 12% Other operating income/(expenses) 657 11,309 -94% Profit from operation 72,014 49,901 44% In
Slide 53: Statement of financial position
53 Statement of financial position 31/12/2025 30/06/2025 RM'000 RM'000 Non-current assets Property, plant and equipment 1,377,216 1,297,074 Right-of-use assets 37,645 40,249 Investments 46 46 1,414,907 1,337,369 Current Assets Inventories 216,990 157,377 Trade and other receivables, including deriva
Slide 54: Statement of financial position
54 Statement of financial position 31/12/2025 30/06/2025 RM'000 RM'000 Equity Share Capital 352,373 352,373 Reserves 1,967,380 1,888,344 Treasury shares (160,858) (160,858) 2,158,895 2,079,859 Non-controlling interests 421,365 396,288 2,580,260 2,476,147 Non-current liabilities Borrowings 153,983 10
Slide 55: Summary
55 Summary Exciting times ahead: Bigger scale. Broader portfolio. More diversified risk Outperforming in a volatile market: 25% YoY revenue growth in Q2 FY26 (USD) Profitability accelerates: PATAMI increased 57% in YTD FY26 (vs. YTD FY25), despite rising costs Acquisition in Thailand completed; expa
Slide 56: Thank You
56 Thank You Malaysian Pacific Industries Berhad
Malaysian Pacific Industries Berhad — Q2 FY2026 Earnings Presentation on 6ix