Dynamic Holding Co Ltd · TWSE:3715
Dynamic — Q4 2024 Earnings Presentation
28 slides from Dynamic's earnings presentation, Mar 6, 2025
Slide 1: Operating Result Report for Q4 of 2024 and Year 2024
Operating Result Report for Q4 of 2024 and Year 2024 Mar. 6, 2025 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 1
Slide 2: Content
Content 1. Market Information 2. Operating Overview for Q4 of 2024 and Year 2024 3. Outlook for Dynamic 4. Dynamic Actions in ESG 2025 © Dynamic Holding Co., Ltd. All Rights Reserved. 2
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 4: Market Information
Market Information 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 4
Slide 5: World Economic Outlook
World Economic Outlook According to the update of the World Economic Outlook released by the International Monetary Fund (IMF) in January 2025, global economic growth in 2024 was 3.2%, with forecasts of 3.3% for both 2025 and 2026, which is below the historical average of 3.7%. Growth varies across
Slide 6: Electronics Market in 2024 and Outlook for 2025
Electronics Market in 2024 and Outlook for 2025 2024 Overall Economic Challenges •Weak demand and incomplete inventory reduction •High inflation and high interest rates continue to impact the economic environment throughout the year •Macroeconomic challenges in China, Europe, and Japan •Intensified
Slide 7: PCB Market in 2024 and Outlook for 2025
PCB Market in 2024 and Outlook for 2025 2024 Printed Circuit Board (PCB) Market •The PCB market is expected to grow by 5.8% in 2024. •Among them, multilayer boards with 18+ layers will experience the fastest growth at 25.2%. While part of this growth comes from a smaller base, it highlights the stro
Slide 8: Changes in PCB Market Product Mix
Changes in PCB Market Product Mix 2025 © Dynamic Holding Co., Ltd. All Rights Reserved. Prismark (2024/12) 8
Slide 9: Changes in PCB Market Application Mix
Changes in PCB Market Application Mix 2025 © Dynamic Holding Co., Ltd. All Rights Reserved. Prismark (2024/12) 9
Slide 10: Operating Overview for Q4 of 2024 and Year 2024
Operating Overview for Q4 of 2024 and Year 2024 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 10
Slide 11: 2024Q4 Sales Analysis - Technology
2024Q4 Sales Analysis - Technology Q4 Q3 HDI 33% HDI 35% Multilayer Multilayer 65% 67% Multilayer HDI Revenue by Technology 5,000 Change+ 1% Change- 7% SALES (TWD M) 4,000 (TWD M) (TWD M) SALES SALES 3,000 2,000 1,000 - 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24
Slide 12: Consolidated Income Statement
Consolidated Income Statement Q-o-Q Y-o-Y Accounts Q1-Q4 Q1-Q4 Y-o-Y 4Q24 3Q24 4Q23 (TWD 100M) 2024 2023 Change% Change% Change% Sales Revenue 46.40 47.48 (2.3)% 41.66 11.4 % 177.87 157.14 13.2 % Gross Profit % 18.8 % 23.8 % (5.0)% 28.7 % (9.9)% 23.1 % 24.1 % (1.0)% ppts Operating expenses 7.34 6.76
Slide 13: Consolidated BS & Important Financial Indicator
Consolidated BS & Important Financial Indicator Accounts 4Q24 3Q24 4Q23 (TWD 100M) Amount % Amount % Amount % Cash and cash equivalents 28.49 9.2% 38.06 13.6% 33.75 15.0% Accounts receivable 52.53 17.0% 49.62 17.7% 44.49 19.8% Inventories 32.27 10.4% 29.23 10.4% 22.60 10.1% Property, plant and equip
Slide 14: Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (TWD 100M) 4Q24 3Q24 4Q23 Cash at beginning of period 38.06 43.28 32.04 Cash Flow from Operating 0.09 6.87 12.65 Capital Expenditure (8.41) (11.92) (12.53) Cash Dividends Paid 0.00 (4.17) 0.00 Cash Flow from Financing (0.52) 1.58 (1.01) Investment & Other (0.40)
Slide 15: 2024Q4 Summary
2024Q4 Summary By product category: The share of automotive boards increased from 66% in the previous quarter to 68% in Q4, though the total revenue remained largely unchanged. The network communications and server segment declined by 2 percentage points, mainly due to some customers postponing sh
Slide 16: 2024 Sales Analysis - Technology
2024 Sales Analysis - Technology 2024 2023 HDI 32% HDI Multilayer 24% 68% Multilayer 76% Change % +55% 0% Multilayer HDI 2025 © Dynamic Holding Co., Ltd. All Rights Reserved. 16
Slide 17: Consolidated Income Statement and Statement of Cash Flow
Consolidated Income Statement and Statement of Cash Flow Account Y-o-Y 2024 2023 (TWD 100M) Change% Sales Revenue 177.87 157.14 13.2 % Gross Profit % 23.1 % 24.1 % (1.0)% ppts Operating Income% 8.6 % 10.4 % (1.8)% ppts Net Income (loss) 10.51 10.03 4.7 % EPS(NTD) 3.78 3.61 4.7 % Cash Flow from Opera
Slide 18: 2024 Summary
2024 Summary In 2024, Dynamic delivered an outstanding performance in product applications, particularly in the network communications and server sector. Driven by strong market demand and growth from major customers, revenue surged 82%, with its share increasing by 2 percentage points, demonstrat
Slide 19: Outlook for Dynamic
Outlook for Dynamic 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 19
Slide 20: Future Outlook
Future Outlook Regarding 2025 Outlook, in Q1 2025, revenue is expected to remain stable compared to the previous quarter. However, with the continued production ramp- up at the Thailand plant, a steeper learning curve, and the mass production of high-end new products in the second half of the year
Slide 21: Dynamic Actions in ESG
Dynamic Actions in ESG 2022 © Dynamic Holding Co., Ltd. All Rights Reserved. 21
Slide 22: Dynamic in the S&P Global Sustainability Yearbook 2025
Dynamic in the S&P Global Sustainability Yearbook 2025 With its steadfast commitment to sustainability and transparent communication of progress, Dynamic has distinguished itself in the industry and successfully been included in the S&P Global Sustainability Yearbook 2025. In the Electronic Equipmen
Slide 23: Dynamic won 2024 TCSA Taiwan Corporate Sustainability Award
Dynamic won 2024 TCSA Taiwan Corporate Sustainability Award Dynamic has been honored with the "2024 17th TCSA Taiwan Corporate Sustainability Award", receiving: Outstanding Performance in Corporate Sustainability – Taiwan Sustainable Enterprise Award Silver Award in Sustainability Reporting – Ca
Slide 24: Awards
Awards Dynamic won the 2024 Kunshan won the 2024 Dynamic was awarded the Dynamic won the 2024 Outstanding Supply Chain Excellent Supplier Award PEEP Project Special Outstanding Supplier Award from Continental from Hitachi Chemical Contribution Award by Award from LG Innotek AG Light & Lighting AMD D
Slide 25: Environmental Sustainability
Environmental Sustainability Solar Power Bio-treatment of Bio-treatment of Generation Phase 2 wastewater Waste Gas Complete management Adaptation strategies to Strengthening water Promoting circular Eco-friendly practices system climate change resources management economy 1. Certified in ISO 14001,
Slide 26: Caring for All Employees of Dynamic
Caring for All Employees of Dynamic Taoyuan Kunshan Plant Huangshi Plant Operating Center Dynamic employees participated Organizing team-building Employee Holiday and Recreation Employee Holiday and Recreation Promoting the learning, growth, in the "Industrial AI Talent activities to enhance team Ac
Slide 27: Social Care – Education & Charity
Social Care – Education & Charity Education Charity Donating to the Hubei University of Science and Technology Education Fund, supporting Employee Mid-Autumn Festival gifts support The commemorative gifts for the educational causes, and establishing a dedicated fund account for the Dynamic Project F
Slide 28: Q&A
Q&A