Slide 1: Primax 2Q 2024 Investor Conference
Primax 2Q 2024 INVESTOR CONFERENCE July 29, 2024 Bring Experience To Life
Slide 2: Primax Speakers and Agenda
58% Replace the Lorem Ipsum. Primax Speakers Primax 2Q 2024 Financial Results YY Hsiao General Manager CFO 64% Business Strategies And Growth Opportunities Ellen Tseng Replace the Lorem Ipsum. Senior Director Investor Relations Investor Feedback And Q&A With Primax Management PRIMAX ELECTRONICS – IN
Slide 3: Safe Harbor And Disclaimer
58% Safe Harbor And Disclaimer Replace the Lorem Ipsum. Primax’s presentation contains forward-looking statements subject to significant risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In this context, you can id
Slide 4: Primax 2Q24 Highlights
Primax 2Q24 Revenue, Gross Margin, Operating Margin Primax 2Q24 17.3% Highlights Quarterly 16,065 15,723 15,368 Quarterly Gross Income & Margin 5,00 0 4,50 0 4,00 0 15.9% 16.3% 16.1% 15.9% 18.0 % 16.0 % 14.0 % Revenue 3,50 0 2,663 2,562 2,567 12.0 % (NT$mn) 14,023 (NT$mn/%) 3,00 0 2,261 2,175 10.0 %
Slide 5: 2Q24 Income Statement
Primax 2Q24 Income Statement (NT$mn) 2Q 2024 1Q 2024 2Q 2023 QoQ YoY 1H 2024 1H 2023 YoY Income Revenue 15,368 13,649 16,065 12.6% -4.3% 29,017 30,742 -5.6% Statement COGS 12,705 11,473 13,503 24,178 25,989 Gross Profit 2,663 2,175 2,562 22.4% 3.9% 4,839 4,753 1.8% Gross margin, operating margin,
Slide 6: 2Q24 Balance Sheets
Primax 2Q24 Balance Sheets 2Q 2024 1Q 2024 2Q 2023 (NT$mn) Amount % Amount % Amount % Balance Cash Notes & Accounts Receivable 13,308 12,953 26% 26% 13,087 11,470 27% 24% 10,923 15,011 22% 30% Sheets Inventory Total Current Assets 7,691 36,899 15% 73% 7,742 34,965 16% 72% 8,107 35,799 16% 72% Fixed
Slide 7: 2Q24 Statements Of Cash Flows
Primax 2Q24 Statements Of Cash Flows (NT$mn) 2Q 2024 1Q 2024 4Q 2023 3Q 2023 2Q 2023 From Operations 1,360 559 7,728 4,472 2,995 Statements of - Income Before Tax - Depreciation & Amortization 1,748 845 757 431 3,266 1,913 2,662 1,430 1,668 962 Cash Flows - Notes & Accounts Receivable - Notes & Acco
Slide 8: 2Q24 Revenue Breakdown
Performance By Applications 2Q24 Revenue 23% 31% Breakdown 2Q23 45% Information Products Smart Lifestyle 2Q24 49% Information products mix Auto / AIoT increased to 49% driven by PC and 32% 20% gaming rush order despite reporting 2.2% YoY decline in 2Q24 Smart lifestyle segment contribution decre
Slide 9: Product Portfolio
Diversified Product Portfolio Offers Comprehensive One-Stop-Shop Solutions Opto-Mechanical Electronics Product PC Peripheral Keyboard Module (KBM) Printer MFP (OME) Portfolio Gaming Wireless Charging / Docking NB Camera Information Products Information Products PC peripherals, OME, docking and int
Slide 10: 3Q24 Revenue And Profit Outlook
Primax 3Q24 Revenue And Profit Outlook Revenue Outlook Profit Outlook 3Q24 revenue likely to see mild QoQ increase GM YoY improvement on better mix 3Q24 Continuously optimizing product mix and expanding into high value-added products Opex ratio will slightly higher YoY based on new business
Slide 11: Dividend Calendar
Cash Dividend Per Share, Dividend Payout And Dividend Yield 70% 73% Cash Dividend Dividend 80% 6.00 61% 64% 59% 70% 5.00 50% Cash Dividend Payout 3.90 4.00 60% Calendar 4.00 3.00 2.40 2.40 3.00 3.10 50% 40% 5.9% 30% 2.00 4.2% 5.3% 5.0% 20% 5.0% Primax's dividend payout remains at 1.00 4.4% 10% lea
Slide 12: ESG Commitment And Recognition
Primax ESG Commitment And Recognition ESG Highlights Net Zero Commitment • Setting emissions reduction target under SBTi validation, aiming for carbon neutral by 2040 and net zero emissions by 2050 Dedicated ESG office led by • To reach RE40 with regular carbon progress disclosure in 2023 Chairman
Slide 13: Why Primax? Investment Thesis
Why Primax? Investment Growth Opportunities Capitalizing On Mega Trends Margin And Profit Expansions Thesis 3 senses in 1 strategy AIoT, smart home, 5G/ cloud/ AI, Better product and customer mix Strong proven record of consistent Car electronics (EV/ ADAS/ auto, new audio Increase new b
Slide 14: Questions & Feedback
Questions & Feedback PRWANX
Slide 15: Contact Us
CON TACT US IR Team. ELLEN.TSENG Investor Relations | Taiwan Ellen.Tseng@primax.com.tw ELLEN.HSIAO Ellen.Hsiao@primax.com.tw Follow Us For More www.primax.com.tw Copyright © 2024 Primax Electronics