Dynamic Holding Co Ltd · TWSE:3715

Dynamic — Q2 2023 Earnings Presentation

28 slides from Dynamic's earnings presentation, Aug 15, 2023

Slide 3: Disclaimer
Disclaimer  The forward-looking statements in this report contain unknown risks and uncertainties, which may cause actual operating results to be materially different from the forward-looking statements, the statements about historical events are excluded.  The forward-looking statements in this r
Slide 5: Global Automotive and Electric Vehicle Growth Trends
Global Automotive and Electric Vehicle Growth Trends Since the second half of 2021, Global Automotive Global EV Sales Volume Automotive GR EV GR the issues that previously led to a Sales Volume global automotive production standstill, such as the shortage of automotive chips and port congestion, hav
Slide 6: The Growth Trend of Automotive PCBs – ICEV vs. EV
The Growth Trend of Automotive PCBs – ICEV vs. EV Estimation of Automotive PCB Usage ICEV EV (63%) (84%) Unit: 10,000 M2 Product Total ICEV EV Industrial Technology Research Institute (ITRI) (Jun. 2023) 2023 © Dynamic Holding Co., Ltd. All Rights Reserved. 6
Slide 7: The Growth Trend of Automotive PCBs – Multilayer vs. HDI
The Growth Trend of Automotive PCBs – Multilayer vs. HDI Estimation of Automotive PCB Usage Single/Double Multilayer HDI Flex Unit: 10,000 M2 Product Total Single/Double Multilayer HDI Flex Industrial Technology Research Institute (ITRI) (Jun. 2023) 2023 © Dynamic Holding Co., Ltd. All Rights Reserv
Slide 8: Global Historical Server Shipment Volume, GR Changes, and FCST
Global Historical Server Shipmt Volume, GR Changes, and FCST Driven by COVID, Swift and Urgent Driven by GenAI/DT/AR/IoV, Slow and long Unit: thous and Units Anticipating a Substantial Decline in Global Server Shipment Volume for 2023, with a Gradual Recovery Expected in Server Shipments Beyond 2024
Slide 9: Global AI Server Shipment Volume and Forecast
Global AI Server Shipment Volume and Forecast From 2022 to 2026, the CAGR of Global AI Server Shipments is Expected to Reach 44.6%. The Anticipated Rapid Growth of AI Servers Will Drive a Synchronous Increase in Peripheral Demands, Such as Accelerator Cards and Network Cards. Unit: thousand Units AI
Slide 11: Consolidated Sales and GM Trends
Consolidated Sales and GM Trends Sales (NT$100M) GM (%) 50 30.0% 45 41.58 41.17 40.92 39.16 38.47 40 37.69 36.85 36.54 35.62 35.88 25.0% 35 30 19.6% 19.8% 20.00% 25 20.0% 17.4% 17.6% 17.3% 20 16.6% 16.6% 16.8% 16.6% 15 15.0% 10 5 0 10.0% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Sa
Slide 12: Consolidated Net Profit and EPS Trends
Consolidated Net Profit and EPS Trends Net Profit (NT$100M)；EPS($) 8.00 6.79 6.00 5.53 4.70 4.00 3.32 2.58 1.97 Net Profit 2.00 1.7 1.55 1.2 EPS 0.55 0.00 -0.86 2018 2019 2020 2021 2022 1H2023 -2.00 -2.40 -4.00 Note: The profit in 2020 is NT$679 million, including the sale of the Taoyuan factory bui
Slide 14: 2023Q2 Sales Analysis - Product
2023Q2 Sales Analysis - Product Network & Consumer Server 3% Q2 Network & Consumer 4% 2% Storage PC & Server Q1 5% Display Device Peripherals Storage PC & 6% 3% Panel Device Peripherals 3% 14% Display 8% Panel 13% Automotive Automotive 70% 69% Automotive Display Panel Storage Device Network & Server
Slide 15: 2023Q2 Sales Analysis - Technology
2023Q2 Sales Analysis - Technology Q1 Q1 HDI 22% HDI 22% Multilayer Multilayer 78% 78% Multilayer HDI Change-1% Change-1% (TWD M) (TWD M) SALES SALES 1Q23 2Q23 1Q23 2Q23 2023 © Dynamic Holding Co., Ltd. All Rights Reserved. 15
Slide 16: Consolidated Income Statement
Consolidated Income Statement Accounts Q-o-Q Y-o-Y Q1-Q2 Q1-Q2 Y-o-Y 2Q23 1Q23 2Q22 (TWD 100M) Change% Change% 2023 2022 Change% Sales Revenue 36.54 36.85 (0.8)% 35.88 1.8 % 73.39 76.81 (4.5)% Gross Profit % 20.0 % 19.8 % 0.1 % 16.8 % 3.1 % 19.9 % 16.7 % 3.2 % ppts Operating expenses 5.13 5.05 1.6 %
Slide 17: Consolidated Balance Sheet & Important Financial Indicator
Consolidated Balance Sheet & Important Financial Indicator Accounts 2Q23 1Q23 2Q22 (TWD 100M) Amount % Amount % Amount % Cash and cash equivalents 30.49 15.0% 30.85 14.9% 25.74 13.4% Accounts receivable 38.57 18.9% 39.98 19.3% 42.55 22.1% Inventories 22.23 10.9% 24.10 11.6% 28.57 14.8% Property, pla
Slide 18: Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows Accounts Q-o-Q Y-o-Y Q1-Q2 Q1-Q2 Y-o-Y 2Q23 1Q23 2Q22 (TWD 100M) Change% Change% 2023 2022 Change% Sales Revenue 36.54 36.85 (0.8)% 35.88 1.8 % 73.39 76.81 (4.5)% Gross Profit % 20.0 % 19.8 % 0.1 % 16.8 % 3.1 % 19.9 % 16.7 % 3.2 % ppts Operating expenses 5.13 5.
Slide 19: 2023Q2 Summary
2023Q2 Summary  When looking at the breakdown by product category, there haven't been significant changes. Automotive boards saw an increase of 1% from the previous quarter, reaching 70%; display panels experienced a slight rebound, reaching 14%; storage devices and networking/server products showe
Slide 21: Short-Term Outlook
Short-Term Outlook  For the second half of the year, the revenue target is expected to remain steady or experience a slight increase compared to the first half. Gross profit margin can continue to improve through ongoing optimization of the product portfolio and the introduction of high-end new pro
Slide 22: Future Outlook
Future Outlook 1. Autonomous Driving Smart Automotive 2. High-Performance Solutions Computing 3. Intelligent Cabin Solutions 4. High-Frequency Radar AI-Related AI Servers Products 1. AI Accelerator 1. Server 2. AI memory Mainboard DDR5 2. AI Server Mainboards 2023 © Dynamic Holding Co., Ltd. All Rig
Slide 23: Smart Automotive Solutions (2020~)
Smart Automotive Solutions (2020~) Autonomous Driving High-Performance Computing 12-16L HDI, anylayer 12L HDI, anylayer Intelligent Cabin Solutions High-Frequency Radar /4D Millimeter-Wave Radar 10L HDI, 2 steps 10L HDI, 3 steps 2023 © Dynamic Holding Co., Ltd. All Rights Reserved. 23
Slide 25: AI Servers (2023~)
AI Servers (2023~) Dynamic Opportunities User Factory Market Perspective Perspective Technical Planning Reserves The We are technology already within The AI server and process the supply Our Thailand requirements chain of major plant's The key market is in technological the early for AI servers AI s
Slide 27: Huangshi awarded UL2799 Platinum Zero Waste to Landfill certification
Huangshi was awarded the highest certification UL2799 Platinum Zero Waste to Landfill Operation In response to the global net zero and sustainability, Dynamic continues to act practically in waste disposal, energy conservation and waste reduction management. In addition to successfully completing th
Slide 28: Q&A
Q&A

Dynamic Holding — Q2 2023 Earnings Presentation on 6ix

Dynamic — Q2 2023 Earnings Presentation

Slide 1: Operating Result Report for Q2 2023

Slide 2: Content

Slide 3: Disclaimer

Slide 4: Market Information

Slide 5: Global Automotive and Electric Vehicle Growth Trends

Slide 6: The Growth Trend of Automotive PCBs – ICEV vs. EV

Slide 7: The Growth Trend of Automotive PCBs – Multilayer vs. HDI

Slide 8: Global Historical Server Shipment Volume, GR Changes, and FCST

Slide 9: Global AI Server Shipment Volume and Forecast

Slide 10: Operating Overview for Q2 2023

Slide 11: Consolidated Sales and GM Trends

Slide 12: Consolidated Net Profit and EPS Trends

Slide 13: Automotive Revenue Trends

Slide 14: 2023Q2 Sales Analysis - Product

Slide 15: 2023Q2 Sales Analysis - Technology

Slide 16: Consolidated Income Statement

Slide 17: Consolidated Balance Sheet & Important Financial Indicator

Slide 18: Consolidated Statements Of Cash Flows

Slide 19: 2023Q2 Summary

Slide 20: Outlook for Dynamic

Slide 21: Short-Term Outlook

Slide 22: Future Outlook

Slide 23: Smart Automotive Solutions (2020~)

Slide 24: AI-Related Products (2023~)

Slide 25: AI Servers (2023~)

Slide 26: Dynamic Actions in ESG

Slide 27: Huangshi awarded UL2799 Platinum Zero Waste to Landfill certification

Slide 28: Q&A