Sysgration Ltd. · TPEX:5309
Sysgration — Q2 2022 Earnings Presentation
21 slides from Sysgration's earnings presentation, Aug 16, 2022
Slide 1: Sysgration Ltd. Investor Conference
法人說明會 Sysgration Ltd. (5309) 2022/8/16 Investor Relationship: Angel Dai sys5309@sysgration.com Sysgration Confidential 1 +886(2)2790-0088 http://www.sysgration.com 2022/8/16
Slide 2: Outline
01 2022第二季營運績效摘要 TF Hsieh Outline 02 2022下半年及未來展望 Sam Lee 03 提問討論 Sysgration Confidential 2 http://www.sysgration.com 2022/8/16
Slide 3: 2022 Q2 Operating Results Summary
2022第二季 營運績效摘要 Sysgration Confidential 3 http://www.sysgration.com 2022/8/16
Slide 4: 2022 Q2 Operating Results
2022第二季營運成果 2021 2022 年度/季度 成長率 第一季 第二季 上半年合計 第一季 第二季 上半年合計 項目 單位:新台幣仟元 金額 % 金額 % 金額 % 金額 % 金額 % 金額 % % 營業收入 490,457 100.0 590,482 100.0 1,080,939 100.0 759,414 100.0 834,913 100.0 1,594,327 100.0 47.5 營業成本 402,973 82.2 486,481 82.4 889,454 82.3 586,716 77.3 639,351 76.6 1,226,067 76.9 37.8 營業毛利 87,
Slide 5: Quarterly Revenue and YoY Ratio
營業收入 NT$ K YoY% 1,000,000 Quarterly Revenue and YoY Ratio Historical High 150.0 900,000 834,913 130.0 800,000 118.8 759,414 695,273 110.0 700,000 678,466 590,482 86.2 90.0 600,000 490,457 70.5 500,000 72.3 70.0 407,835 400,000 364,373 54.8 50.0 284,571 269,912 41.4 300,000 37.6 28.9 30.0 200,000 25.
Slide 6: Quarterly Gross Margin and Ratio
營業毛利 NT$ K Quarterly Gross Margin and Ratio % 250,000 30.0 24.4 23.4 195,562 25.0 200,000 22.7 21.7 169,976 172,698 19.7 18.4 18.8 18.7 20.0 17.8 17.6 150,000 127,064 15.0 104,001 100,000 87,484 79,032 80,472 10.0 52,374 50,821 50,000 5.0 - - 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2
Slide 7: Quarterly OPEX and Ratio
營業費用 NT$ K 140,000 Quarterly OPEX and Ratio % 40.0 127,968 35.3 120,659 120,000 35.0 34.5 106,047 98,208 30.0 100,000 95,191 95,597 94,668 90,195 86,731 80,949 25.0 80,000 22.1 22.2 20.0 18.4 60,000 16.2 17.7 14.0 14.0 14.5 15.0 40,000 10.0 20,000 5.0 - - 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 20
Slide 8: RD Expense and Ratio
研發費用 NT$ K RD Expense and Ratio % 200,000 189,409 16.0 14.9 180,000 14.0 160,627 160,000 155,444 12.1 12.0 140,000 128,953 10.0 120,000 111,747 8.8 100,000 7.7 92,365 8.0 7.4 80,000 6.0 5.8 60,000 4.0 40,000 2.0 20,000 - - 2017 2018 2019 2020 2021 2022H1 Sysgration Confidential 8 http://www.sysgrati
Slide 9: EBITDA
稅息折舊及攤銷前利潤 EBITDA NT$ K EBITDA and Ratio Over Revenue % 140,000 28.0 120,000 114,572 23.0 100,210 100,000 18.0 80,000 69,217 13.7 60,894 13.2 13.0 60,000 10.0 40,000 34,551 31,774 9.0 8.0 7.0 5.4 20,000 14,664 7,435 3.0 4.0 1.8 0 -2.0 (20,000) (13,630) (18,185) -5.0 -7.0 (40,000) -6.4 (60,000) -12.0
Slide 10: Quarterly P/L after Tax and Ratio
稅後淨利 NT$ K Quarterly P/L after Tax and Ratio % 100,000 15.0 85,770 80,000 73,464 10.3 10.0 60,000 9.7 45,106 40,000 33,845 6.5 5.0 5.0 20,000 9,717 6,679 (6,793) (15,430) 2.0 1.1 0 0.0 -1.9 (20,000) -3.8 -5.0 (40,000) (36,431) (39,661) (60,000) -10.0 (80,000) -13.5 -13.9 (100,000) -15.0 2020Q1 2020Q
Slide 11: Quarterly EPS
每股盈餘 NT$/Share Quarterly EPS 0.60 0.55 0.48 0.50 0.40 0.29 0.30 0.22 0.20 0.10 0.06 0.04 0.00 (0.10) (0.04) (0.10) (0.20) (0.30) (0.26) (0.24) (0.40) 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 Sysgration Confidential 11 http://www.sysgration.com 2022/8/16
Slide 12: AR Collection and Inventory Periods
帳款與庫存週轉 Days 120 AR Collection and Inventory Periods 100 95 96 87 88 83 82 82 80 80 75 74 72 71 60 58 59 60 43 44 40 40 40 36 20 AR Collection Period Inventory Period (Days) (Days) - 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 Sysgration Confidential 12 http://www.sysgratio
Slide 13: Shareholders' Equity Attributed to Parent Company
股東權益 NT$ K Shareholders' Equity Attributed to Parent Company 1,600,000 1,404,653 1,400,000 1,298,201 1,206,120 1,200,000 1,135,503 1,066,612 1,086,896 1,095,756 1,048,866 1,040,471 1,016,134 1,000,000 800,000 600,000 400,000 200,000 - 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 20
Slide 14: Quarterly ROE
權益報酬率 Quarterly ROE 30.0% 24.4% 25.0% 22.6% 20.0% 15.0% 15.0% 11.9% 10.0% 5.0% 3.6% 2.4% 0.0% -2.6% -5.0% -5.8% -10.0% -15.0% -14.3% -15.1% -20.0% Dupont Analysis 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 Net Margin -13.9% -13.5% -1.9% -3.8% 2.0% 1.1% 5.0% 6.5% 9.7% 10.3%
Slide 15: 2H 2022 and Future Outlook
2022下半年 及未來展望 Sysgration Confidential 15 http://www.sysgration.com 2022/8/16
Slide 16: Sysgration at a Glance
系統電子綜觀 1977 500+ 40+ 4 5309 Founded Worldwide Years Locations TW Stock Employees Design & Taiwan - Taipie/NanKang Publicly Trade Manufacturing China - Huizhou/ZhenJiang Capital: NT$1.5 B Service Experiences Market Value NT$6B • Sysgration • Rear-Seat • BLE TPMS for OE • BLE TPMS ODM for • RF Dual-Ba
Slide 17: Markets and Main Products
經營市場與主要產品 車用電子 能源管理 Automotive Solutions Power and Energy Management Rugged Head-Mount Tire Pressure AR Device Li-Ion Battery Pack Wireless Camera Monitoring Systems for Semiconductor Fab Li-Ion Based Around-View System 80 Energy Storage Systems 40 Patents Patents Body Control Module Infotainment Sy
Slide 18: 2H 2022 Business Outlook
2022下半年事業展望 ◆ 暫時未受兩岸危機直接影響. ◆ 客戶預示量依舊樂觀, 但必須密切審視以下可能變數與對策: ➢材料供應狀況; ➢電源供應狀況; ➢全球運輸狀況; ➢新冠病毒可能的回撲; 以及 ➢全球經濟與通貨膨脹可能帶來的影響. ◆ 胎壓偵測器第三條全自動線投資工作已啟動, 第四條投資將緊接在後. ◆ 工業強固平板在第三季正式量產, 預計第四季出貨量將持續爬升. ◆ 鋰電池包在非半導體不斷電系統之客戶, 預計在第四季會有進一步需求. ◆ CSR報告書預計在第四季取得公證單位認證. Sysgration Confidential 18 http://www.sysgration.com
Slide 19: Group Future Growth Drivers: TPMS, ESS, IPC
集團未來成長動力 • Semiconductor Fab • Community • Data Center TPMS ESS IPC • OE • Commercial Vehicle • Replacement • Industrial Vehicle • Fleet • Rugged Tablet Sysgration Confidential 19 http://www.sysgration.com 2022/8/16
Slide 20: Q&A
提問討論 Sysgration Confidential 20 http://www.sysgration.com 2022/8/16
Slide 21: Thank You
謝謝指教 Sysgration Confidential 21 http://www.sysgration.com 2022/8/16