Chang Wah Technology Co., Ltd. · TPEX:6548
Chang Wah Technology — Q1 2022 Earnings Presentation
11 slides from Chang Wah Technology's earnings presentation, Apr 15, 2022
Slide 1: 2022 First Quarter Earnings Conference
2022 First Quarter Earnings Conference CWTC*(6548.TW) (NT$1 par value per share) Investor Presentation – IR Manager Mr. Richie Su (Tel：+886-2-87510696 Ext.206) CWE-IR@cwei.com.tw April 15, 2022 Confidential
Slide 2: Agenda
Agenda • 1Q22 Financial Results • 2Q22 Outlook • Q&A 1
Slide 3: Safe Harbor Notice
前瞻性聲明 Safe Harbor Notice Information included in this press release that are not historical in nature are "forward looking statements“. CWTC cautions readers that forward looking statements are based on CWTC’s reasonable knowledge and current expectations and are subject to various risks and uncerta
Slide 4: Statements of Comprehensive Income (Quarterly)
Statements of Comprehensive Income(Quarterly) NT$ mn 1Q22 4Q21 QoQ 1Q21 YoY Revenue 3,631 3,672 -1% 2,720 33% Gross Profit 1,122 1,247 -10% 522 115% Operating Profit 816 769 6% 292 179% Non-Opersting Items 85 16 431% 25 240% Pretax Income 901 785 15% 317 184% Tax Expenses 194 184 5% 74 162% Net Inco
Slide 5: Revenue by Front-end process
Revenue by Front-end process 1Q 22 1Q 21 Etching Etching 43% Stamping 39% Stamping 61% 57% *Classified by sales amount (US$) 4
Slide 6: Revenue by Product
Revenue by Product 1Q 22 1Q 21 Pre-mold Pre-mold QFN QFN 4% IC 8% Discrete IC 20% 34% 41% Discrete 22% QFN 19% QFN QFP QFP 15% 23% 14% Discrete：small outline transistor, SOT *Classified by sales amount (US$) 5
Slide 7: Revenue by Application
Revenue by Application 1Q 22 1Q 21 Others Others 5% 9% Industrial 18% Industrial 3C 15% 3C 42% 51% Automotive Automotive 35% 25% *Classified by sales amount (US$) 6
Slide 8: Balance Sheets
Balance Sheets NT$ mn 1Q22 4Q21 3Q21 Cash & Marketable Securities 4,466 3,796 3,549 Accounts Receivable 2,955 2,858 2,696 Inventories 2,425 2,196 2,020 Net PP&E 2,685 2,475 2,399 Total Assets 16,047 14,842 14,305 Current Liabilities 4,705 4,336 3,982 Total Liabilities 6,820 6,430 7,586 Total Shareho
Slide 9: Cash Flows
Cash Flows NT$ mn 1Q22 4Q21 3Q21 Beginning Balance 3,685 3,452 2,887 Cash from operating activities 820 677 551 Capital expenditures (355) (172) (166) Cash dividends (247) - (326) Short-term loans 13 (364) 44 Bonds payable - - 1,803 Investments and others 470 92 (1,341) Ending Balance 4,386 3,685 3,
Slide 10: 2Q22 Guidance
2Q22 Guidance Based on our current business outlook, the management expects: • Revenue to be between NT$ 3,680 mn and NT$ 3,870 mn Based on the exchange rate assumption of 1 US dollar to 28.2 NT dollar, the management expects: • Gross margin to be between 31.0% and 33.0% • Operating margin to be bet
Slide 11: Q&A
Q&A 10