Bizlink Holding Inc. · TWSE:3665
Bizlink — Q4 2023 Earnings Presentation
19 slides from Bizlink's earnings presentation, March 2024
Slide 1: BizLink Holding Inc Investor Presentation 4Q 2023
BizLink Holding Inc 3665.TT Investor Presentation 4Q 2023 Version Mar 2024 © 2024 BizLink Group BizLink Property 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement The contents of this presentation are based on available information, and the Company’s views when made. The information in this presentation may contain descriptions of the future prospects of the Company and its subsidiaries, and are subject to risks and uncertainties, which
Slide 3: I. Corporate Highlights: Fourth Quarter 2023
I. Corporate Highlights: Fourth Quarter 2023 Benefits emerging from post-merger organizational optimization to integrate capabilities and production ◼ BizLink’s operations have become much more flexible, leading to sustainable free cash flow ◼ Strived towards an optimized capital structure and signi
Slide 4: II. Financial Highlights: Fourth Quarter 2023
II. Financial Highlights: Fourth Quarter 2023 TOTAL SALES GPM OPM NET PROFIT EPS 4Q23 4Q23 4Q23 4Q23 4Q23 NT$ 12.2B 24.52% 7.09% NT$ 508M NT$ 3.11 15 30% 26.20% 25.80% 26.30% 25.50% 26.70% 24.20% 21.90% 24.52%25% 14 20% 13 15% 12.10% 10.70% 10.60% 10.80% 10% 9.00% 12 7.30% 6.30% 7.09% 5% 11 0% 2022
Slide 5: II. Financial Highlights: Fourth Quarter 2023
II. Financial Highlights: Fourth Quarter 2023 Industrial Elect. App. Automotive IT DataComm 2023 4Q 42% 13% 23% 20% QoQ Est. Actual Est. Actual Est. Actual Est. Actual YoY Actual Actual Actual Actual © 2024 BizLink Group BizLink Property 5
Slide 6: II. Financial Highlights: Segment YoY Sales
II. Financial Highlights: Fourth Quarter 2023 Industrial YoY Sales IT DataComm YoY Sales 350% 60% 300% 250% 40% 200% 20% 150% 100% 0% 1Q23 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 2Q23 3Q23 4Q23 50% 0% -20% 3Q23 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 4Q23 -50% -40% Automotive YoY Sales Ele
Slide 7: II. Financial Highlights: Results and Financial Strategy
II. Financial Highlights: Fourth Quarter 2023 Financial Results Highlights ◼ Significantly improved operational efficiency and productivity, and strictly managed our supply chains - Operating cash flow and FCF hit record high: boosted capital allocation flexibility - Considerably deleveraged: refina
Slide 8: III. Operational Highlights: Fourth Quarter 2023
III. Operational Highlights: Fourth Quarter 2023 Near-term Outlook: Improving ◼ Operating environment still challenging: some businesses continue to recover, others to take time before bottoming - Improving: High-Performance Computing, Capital Equipment, Healthcare, Energy - Offset by: Factory Autom
Slide 9: III. Operational Highlights: First Quarter 2024 Outlook
III. Operational Highlights: First Quarter 2024 Outlook Industrial Elect. App. Automotive IT DataComm 2024 QoQ 1Q Est. Est. Est. Est. Highlights Capital Eqpt Hair Care Charging HPC Lowlights Factory Auto. Kitchen EV Peripherals © 2024 BizLink Group BizLink Property 9
Slide 10: Q&A
Q&A © 2024 BizLink Group BizLink Property 10
Slide 11: APPENDIX: Investment Thesis
APPENDIX: Investment Thesis Producing Locally for Local Demand Applying Our Core Expertise ✓ 34 production sites in 4 regions ✓ Solutions Provider for NorAm, Europe, SEA, East Asia Industrial, IT DataComm, Auto, Elect. App. ✓ Each major region is high-mix and high- ✓ Moving up value chain to supply
Slide 12: APPENDIX: Diversification and Global Footprint
APPENDIX: Diversification Industrial Automotive Global Footprint and Capabilities • Business nature: HMLV1 • Business nature: HVLM2 • Capital Equipment • Silicone • Energy • Charging 13 • Healthcare • Non-EV related 6 11 • Factory Automation • Electric Vehicle North Europe • Regions: all 4 regions •
Slide 13: APPENDIX: Bigger Picture Perspective
APPENDIX: Bigger Picture Perspective Objective Building an enterprise with stable growth through all cycles Focused on For Multiple With Sustainability Interconnects Applications in Mind ✓ Segments: Industrial, IT ✓ Diversification Strategy: High- ✓ ESG: Environmental, Social, DataComm, Automotive,
Slide 14: APPENDIX: Corporate Sustainability
Our commitment to sustainability creates long-term APPENDIX: value for us and our stakeholders by helping us ride Corporate Sustainability the green wave, mitigate climate risks, reduce costs, and build brand value. E GHG Emission Our Actions Renewable FTSE-Russell Consistent Our Results Energy gene
Slide 15: APPENDIX: Capital Allocation
APPENDIX: Capital Allocation Fund-Raising History: Five Rounds Free Cash Flow (NTD, M) Tapping into Capital Markets to Boost Strategic Flexibility Building Solid Foundation with Stronger FCF Status No Conversion 4,000 2023 - ECB-5 ($150m), CI (NT$1.15B) 3,000 Partial 2022 - ECB-4 (US$125m) + GDR-2 (
Slide 16: APPENDIX: Condensed Income Statement
APPENDIX: Condensed Income Statement 2019 2020 2021 2022 2023 9M Sales 23,092,145 22,537,767 28,564,375 53,757,171 38,856,196 GPM 24.36% 25.34% 23.21% 25.65% 24.70% Opex 3,215,562 3,265,296 3,971,071 8,218,883 6,223,372 OPM 10.44% 10.85% 9.31% 10.36% 8.68% Non-OP -74,997 -189,786 -17,006 -253,812 -6
Slide 17: APPENDIX: Condensed Balance Sheet
APPENDIX: Condensed Balance Sheet 2019 2020 2021 2022 2023 Q3 Cash & Equiv. 9,020,132 37.56% 5,360,003 23.59% 3,209,592 12.55% 8,497,568 15.90% 10,733,107 18.97% Inventory 4,077,127 16.98% 4,649,474 20.47% 6,378,838 24.94% 12,323,217 23.06% 11,164,563 19.73% Net A/R 4,836,085 20.14% 5,235,100 23.04%
Slide 18: APPENDIX: Condensed Cash Flow Statement
APPENDIX: Condensed Cash Flow Statement 2019 2020 2021 2022 2023 Q3 Starting Cash 3,560,272 9,020,132 5,360,003 3,209,592 8,497,569 Net Cash from Operating 3,060,503 1,871,527 364,965 2,779,419 4,396,885 Cash Flow from Investing PP&E -710,585 -759,861 -1,244,650 -1,350,475 -1,309,899 Others -498,747
Slide 19: Contact us
Upcoming IR Activities Contact us Mar 19-21: Taipei, BofA Conference Mike Wang Manager, Investor Relations T +886 2 8226 1000 ext. 52663 E mike_wang@bizlinktech.com Stay Connected @BizLinkTechnology Jimmy Hsu Deputy Manager, Investor Relations @BizLink Group T +886 2 8226 1000 ext. 52794 E jimmy_hsu