Integrated Micro-Electronics, Inc. · PSE:IMI
Integrated Micro-Electronics — Q3 2021 Earnings Presentation
15 slides from Integrated Micro-Electronics's earnings presentation, Nov 2, 2021
Slide 1: IMI Analyst Briefing 2021 Q3
IMI Analyst Briefing 2021 Q3 November 2, 2021 Online
Slide 2: Global Economic Outlook
Global Economic Outlook
Slide 3: Global Economy
Global Economy Real GDP, annual 2020 2021 2022 % change United States -3.4 6.0 4.5 Euro Area -6.3 5.0 4.3 Germany -4.6 3.1 4.6 France -8.0 6.3 3.9 UK -9.8 6.8 5.0 Japan -4.6 2.4 3.2 China 2.3 8.0 5.6 ASEAN-5 -3.4 2.9 5.8 CONFIDENTIAL AND PROPRIETARY. Any use or dissemination of this material without
Slide 4: COVID has spawned multiple problems in the global supply chain
COVID 19 has spawned multiple problems in the global supply chain Increased Container Port Factory Labor Demand → Chip shortage Congestion Shutdown Shortage Shortage CONFIDENTIAL AND PROPRIETARY. Any use or dissemination of this material without the expressed written permission of Integrated Micro-
Slide 5: Global Manufacturing and Electronics PMI
Global Manufacturing and Electronics PMI Global Manufacturing PMI stays at 54.1 in September, still in expansion mode but automotive has dropped significantly. Overall Electronics PMI is still in expansion mode but continues to fall. CONFIDENTIAL AND PROPRIETARY. Any use or dissemination of this mat
Slide 6: Financials
Financials
Slide 7: 2021 Q3 Segment Updates
2021 Q3 Segment Updates ➢ Automotive: • Forecasts remain strong for automotive sales moving '20 Q3 '21 Q3 Y/Y% '20 9M '21 9M Y/Y% forward Auto 157.4 152.6 -3% 380.4 483.0 27% • Still very challenging to secure component allocation for Ind 96.6 107.9 12% 231.0 301.3 30% automotive market. Difficult t
Slide 8: 2021 Q3 Region Updates
➢ PH: 2021 Q3 Region Updates • Solid growth despite increasing backlogs now at ~$50M '20 Q3 '21 Q3 Y/Y% '20 9M '21 9M Y/Y% ➢ CN: PH 76.0 80.5 6% 180.7 227.3 26% • Recovery in telco market but component shortage continues to suppress automotive facilities in the region CN 68.0 74.7 10% 188.2 208.0 11
Slide 9: 2021 9M Group Program Wins
2021 9M Group Program Wins Win Location - 2021 9M New Program Wins 18% 21% 65* 13% 98* 42 12% 51 10 61 287 151 80 194 35% 2020 2021 Philippines China E. Europe MX STI Mobility Industrial Others STI* Win Location - 2020 *IMI wins Annual Revenue Potential; STI wins total project size Notable Wins in 2
Slide 10: 2021 Q3 Performance
2021 Q3 Performance Operating Income Revenue and Gross Profit Margin 380 9.7% 10.3% 8.8% 11. 0% 17.0 2.4% 3.9% 1.1% -1.0% -2.5% 330 9.0 % 12.0 6.6% 5.6% 280 7.0 % 7.0 7.5 13.6 230 3.5 5.0 % 2.0 180 3.0 % '20Q3 '20Q4 '21Q1 '21Q2 '21Q3 (3 .0) 130 (3.3) 1.0 % 80 313 347 328 319 326 (8 .0) (8.2) -1.0% 3
Slide 11: 2021 Q3 Performance
2021 Q3 Performance Non Wholly Owned Subsidiaries Wholly Owned Subsidiaries 282 102 82 232 62 182 Revenue 42 132 22 82 74 86 73 72 77 32 239 262 255 247 249 2 (1 8) '20Q3 '20Q4 '21Q1 '21Q2 '21Q3 '20Q3 '20Q4 '21Q1 '21Q2 '21Q3 -18 2.7% 3.0 5.0 % 2.0 3.2% 4.8% 15.0 2.1% 1.6% 5.0 % 1.0 2.0 -0.8% 10.0 0.
Slide 12: Capital Structure
Capital Structure Long Term Long Term Debt Preferred Debt 4% Equity 21% Short Term 9% Debt Common 25% Dec Sep Equity Short Term 2020 Common Debt 2021 58% Equity 21% 62% Dec Sep Dec Sep (US$ Millions) Key Financial Ratios 2020 2021 2020 2021 Short-Term Debt 206.5 152.0 Current ratio 1.54 1.65 Long-Te
Slide 13: Disciplined Capital Investments
Disciplined Capital Investments 65.3 65.0 1.5 4.7 7.6 15.0 16.4 4.6 38.8 $24.3M 9.7 7.0 2021 9M 19.5 0.7 12.5 5.0 8.3 18.7 3.8 4.5 3.8 20.2 18.5 4.7 12.8 2.8 Buildings………....…...….........5% 3.3 Machinery………..….….........56% Furn & Fix………................…..7% 2017 2018 2019 2020 Constr. in progress…
Slide 14: Key Takeaways
Key Takeaways • Component shortage recovery has been delayed due to rise in delta COVID cases in supplier facilities and significant shipping logistic challenges ➢ Backlog has grown to $88M – Shortage of components has spread to other segments ➢ IMI-controlled common components now also facing suppl
Slide 15: connect with us
00° 1191000110 ©010110 10 1 Ol connect with us
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