Slide 1: Primax 4Q 2023 Investor Conference
Primax 4Q 2023 INVESTOR CONFERENCE February 21, 2024 Bring Experience To Life
Slide 2: Primax Speakers
58% Replace the Lorem Ipsum. Primax Speakers Primax 4Q23 and Year 2023 Financial Results YY Hsiao General Manager CFO 64% Business Strategies And Growth Opportunities Ellen Tseng Replace the Lorem Ipsum. Senior Director Investor Relations Investor Feedback And Q&A With Primax Management PRIMAX ELECT
Slide 3: Safe Harbor And Disclaimer
58% Safe Harbor And Disclaimer Replace the Lorem Ipsum. Primax’s presentation contains forward-looking statements subject to significant risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In this context, you can id
Slide 4: Primax 2023 Highlights
Primax 4Q23 Revenue, Gross Margin, Operating Margin Primax 2023 16.3% 16.1% 15.0% 14.9% 15.9% Highlights Quarterly 18,724 14,677 16,065 15,723 14,023 Quarterly Gross Income & Margin 5,0 00 4,5 00 4,0 00 16. 0% 14. 0% Revenue 3,5 00 2,808 12. 0% (NT$mn) (NT$mn/%) 2,562 2,567 3,0 00 2,191 2,261 10. 0%
Slide 5: 4Q23 Income Statement
Primax 4Q23 Income Statement (NT$mn) 4Q 2023 3Q 2023 4Q 2022 QoQ YoY 2023 2022 YoY Income Revenue 14,023 15,723 18,724 -10.8% -25.1% 60,488 79,241 -23.7% Statement COGS 11,762 13,156 15,915 50,907 68,256 Gross Profit 2,261 2,567 2,808 -11.9% -19.5% 9,581 10,984 -12.8% 4Q23 gross margin improved to
Slide 6: 4Q23 Balance Sheets
Primax 4Q23 Balance Sheets 4Q 2023 4Q 2022 (NT$mn) Amount % Amount % Balance Cash Notes & Accounts Receivable 10,905 11,482 23% 25% 6,285 14,338 13% 30% Sheets Inventory Total Current Assets 7,996 32,936 17% 71% 9,354 33,260 20% 70% Fixed Assets 7,741 17% 8,247 17% Maintained net cash position wit
Slide 7: 4Q23 Statements Of Cash Flows
Primax 4Q23 Statements Of Cash Flows (NT$mn) 4Q 2023 3Q 2023 2Q 2023 1Q 2023 4Q 2022 Statements of From Operations - Income Before Tax 7,728 3,266 4,472 2,662 2,995 1,668 379 712 6,197 3,629 - Depreciation & Amortization 1,913 1,430 962 485 1,887 Cash Flows - Notes & Accounts Receivable 3,449 571 87
Slide 8: 4Q23 Revenue Breakdown
Performance By Applications 4Q23 Revenue 26% 26% Breakdown 4Q22 43% Information Products Smart Lifestyle 4Q23 53% Information products mix rose to Auto / AIoT 53% as Smart lifestyle product 21% contribution decreased sharply to 31% 21% due to weak consumer demand. Auto/AIoT mix maintained at 26%.
Slide 9: Product Portfolio
Diversified Product Portfolio Offers Comprehensive One-Stop-Shop Solutions Opto-Mechanical Electronics Product PC Peripheral Keyboard Module (KBM) Printer MFP (OME) Portfolio Gaming Wireless Charging / Docking NB Camera Information Products Information Products PC peripherals, OME, docking and int
Slide 10: 1Q24 Revenue And Profit Outlook
Primax 1Q24 Revenue And Profit Outlook Revenue Outlook Profit Outlook 1Q24 1Q24 down high single-digit YoY Weak demand for consumer audio and other consumer products 1Q24 profit likely see flattish YoY GM and OPM YoY improvement due to better product mix Outlook Tight Opex control Informat
Slide 11: Dividend Calendar
Cash Dividend Per Share, Dividend Payout And Dividend Yield 69% 70% 6.00 64% Cash Dividend Dividend 5.00 4.00 59% 50% 61% 3.90 70% 60% 50% Cash Dividend Payout Calendar 3.20 3.00 3.10 40% 3.00 2.40 2.40 30% 2.00 6.5% 5.2% 20% 4.0% 5.0% 5.0% 1.00 4.4% 5.3% Primax's dividend payout will 10% Yield ca
Slide 12: ESG Commitment And Recognition
Primax ESG Commitment And Recognition ESG Highlights Net Zero Commitment • Setting emissions reduction target under SBTi validation, aiming for carbon neutral by 2040 and net zero emissions by 2050 Dedicated ESG office led by • To reach RE40 with regular carbon progress disclosure in 2023 Chairman
Slide 13: Why Primax? Investment Thesis
Why Primax? Investment Growth Opportunities Capitalizing On Mega Trends Margin And Profit Expansions Thesis 3 senses in 1 strategy AIoT, smart home, 5G/ cloud/ AI, Better product and customer mix Strong proven record of consistent Car electronics (EV/ ADAS/ auto, new audio Increase new b
Slide 14: Questions & Feedback
Questions & Feedback PRWANX
Slide 15: Contact Us
CON TACT US IR Team. ELLEN.TSENG Investor Relations | Taiwan Ellen.Tseng@primax.com.tw ELLEN.HSIAO Ellen.Hsiao@primax.com.tw Follow Us For More www.primax.com.tw Copyright © 2024 Primax Electronics