Wistron Corporation · TWSE:3231
Wistron — Non-Deal Roadshow (2025)
21 slides from Wistron's roadshow presentation, 2025
Slide 1: Wistron Corporation Investor Presentation
Wistron Corporation Investor Presentation
Slide 2: Disclaimer
Disclaimer ▪This presentation is private and confidential and is being made available to the recipient on the express understanding that it will be kept confidential and that the recipient shall not copy, reproduce, distribute or pass to third parties this presentation in whole or in part at any tim
Slide 3: What Has Changed Through the Past 20 Years?
What Has Changed Through the Past 20 Years? Wistron 1.0 Wistron 2.0 Wistron 3.0 Pre-2010 2011 - 2022 Now Notebook / Desktop AI Server + Product Focus Notebook Desktop Smartphone + Notebook / Desktop Server Networking Key Customers + + Smartphone Cloud Theme of the Cycle Notebook AI Geography Focus C
Slide 4: A Technology Powerhouse for ICT Products
A Technology Powerhouse for ICT Products Client Enterprise & Industrial & Service & Products Networking Automotive Recycling NB, DT, Monitor, VoIP Server, Storage, AI Server IPC, Enterprise Mobility Repair and Peripherals AI Compute Devices, Professional Display Spare Parts Services Switch, Router A
Slide 5: Wistron Business & Product Strategies
Wistron Business & Product Strategies Core Business Growth Platforms Next Engines Notebook AI AI Compute：AI Server, SoW (System on Wafer) AI Compute Devices Desktop Network Compute：Switch & Enterprise Inferencing Network Security Devices Display Monitor Enterprise Compute：Server Automotive Compute &
Slide 6: Wistron's Resilient Business Positions
Wistron’s Resilient Business Positions Top 3 Top 2 Top 1 Notebook PC Display Monitor Enterprise ICT Industry Desktop PC AI Server Network Enterprise Mobility Server MB After-sales Services AI Compute Devices Security Device (Industrial Handheld) (by Revenue) Device 6
Slide 7: End-to-End Solutions Offering One-Stop Shop
End-to-End Solutions Offering One-Stop Shop Design Manufacturing & Logistics • Software • Assembly services • Industrial design • Quality management and control services • Electronic / mechanical engineering • Global supply chain management After-Sales Services Technical Services • LCM modules • Man
Slide 8: End-to-End Extensive Services from Product Concept to After-Sales Support
End-to-End Extensive Services from Product Concept to After-Sales Support Prototype Concept Early Design Automated Prototype Concept Early R&D Investment Discussion Engagement Manufacturing High Product Quality Discussion 1,400 Software Engineers Efficient Distribution 6,500 Engineers Reverse Logist
Slide 9: Global Operations – Manufacturing
Global Operations – Manufacturing Czech Republic Vietnam China Brno Tỉnh Hà Nam Chongqing Kunshan Server NB NB Automotive U.S.A Data Center DT DT Display Docking Fremont Server Dallas Chengdu Zhongshan AI Server NB Server, DT, VoIP AI compute devices DT Display, Keyboard Docking Network devices Taiw
Slide 10: Global Operations – R&D Centers
Global Operations – R&D Centers China U.S.A. Kunshan Taiwan Shanghai Zhongshan Wuhan Chongqing Taipei Chendu Hsinchu Tainan Kaohsiung San Jose 10
Slide 11: After-sales Service Network
After-sales Service Network Europe Asia Czech Republic Brno Taiwan Taipei, Hsinchu Americas Turkey Istanbul Japan Narashino U.S.A. Dallas, McKinney China Kunshan Mexico Mexico City Singapore Brazil São Paulo Philippines Subic Bay India Bengaluru 11
Slide 12: Wistron Group Companies
Wistron Group Companies Wistron Wistron NeWeb Corporation Corporation A Forbes Global 2000 company Industry-leading provider of supplying innovative ICT products, broadband communications, IoT, services, and systems and automotive products Wistron Medical Technology WiAdvance Technology Changing Inf
Slide 13: Wistron's Vision and Missions
Wistron’s Vision and Missions Sustainability through Innovation Environmental Social Governance Innovation Sustainability Sustainability Vision Missions Aspects Strategies Trusted Innovation Partner for Technology, Sustainable supply base Recycling Sustainability & Better Lives Green products Decarb
Slide 14: ESG Awards and Recognitions
ESG Awards and Recognitions 2024 S&P Global Corporate Sustainability S&P Global 2024 CDP Climate Ecovadis Time - Financial Times - Assessment - score Sustainability Change & Water Financial Times - ISS ESG Corporate Sustainability Rating World's Most Asia-Pacific Climate of 90 (Industry leader) Year
Slide 15: Financial Highlights - 1
Financial Highlights - 1 Revenue (NT$ B) Operating Income (NT$ B) 1,049 39.0 985 862 867 27.4 27.4 16.3 15.2 346 2021 2022 2023 2024 Q1'25 2021 2022 2023 2024 Q1'25 ROE (%) EPS (NT$) 14.0 14.7 15.0 12.8 6.11 11.4 3.76 4.01 4.08 1.85 2021 2022 2023 2024 Q1'25 2021 2022 2023 2024 Q1'25 15
Slide 16: Financial Highlights - 2
Financial Highlights - 2 Current Ratio (%) Quick Ratio (%) 137.3 83.2 81.8 125.4 130 115.3 119.6 69.9 64.1 67.0 2021 2022 2023 2024 Q1'25 2021 2022 2023 2024 Q1'25 Debt Ratio (%) EBITDA (NTD$ B) 59.2 81.4 41.7 45.4 72.6 71.5 70.8 68.3 30.5 20.0 2021 2022 2023 2024 Q1'25 2021 2022 2023 2024 Q1'25 16
Slide 17: Historical Income Statement
Historical Income Statement NT$ M 2024 2023 2022 2021 2020 Net Revenue 1,049,256 867,057 984,619 862,083 845,012 Realized gross profit 84,091 8.0% 68,983 8.0% 69,729 7.1% 51,135 5.9% 46,053 5.4% Selling (12,240) -1.2% (10,828) -1.2% (11,433) -1.2% (9,467) -1.1% (8,866) -1.0% Administrative (6,901) -
Slide 18: Income Statement (Q1'25 vs. Q4'24 and Q1'24)
Income Statement (Q1’25 vs. Q4’24 and Q1’24) NT$ M Q1 2025 Q4 2024 QoQ Q1 2024 YoY Net revenue 346,485 297,182 16.6% 239,325 44.8% Realized gross profit 27,056 7.81% 24,034 8.09% 12.6% 17,230 7.20% 57.0% Selling (3,360) -0.97% (3,259) -1.10% 3.1% (2,754) -1.15% 22.0% Administrative (2,205) -0.64% (1
Slide 19: Balance Sheets
Balance Sheets NT$ M 2025/03/31 2024/12/31 2024/03/31 Cash & ST Investments 76,730 11% 79,880 14% 65,818 14% A/R 202,568 30% 190,486 32% 135,857 29% Inventory 270,414 39% 190,697 32% 146,885 32% Non-current assets classified as held for sale 0% 0% 1,355 0% Other current Assets 18,082 3% 19,149 3% 17
Slide 20: Cash Flows
Cash Flows NT$ M 2025 Q1 2024 Q1 Cash* (Beginning of period) 79,880 76,041 Cash flow from Operation Consolidated PBT 14,807 8,007 Depreciation & amortization 2,852 2,772 Profit/loss of financial assets & liabilities at fair value (36) (260) Changes in A/R (11,231) (15,300) Changes in A/P 40,479 30,0
Slide 21: Dividend History
Dividend History 2020 2021 2022 2023 2024 Cash (NT$) 2.2 2.2 2.6 2.6 3.8 Stock (NT$) - - - - - EPS (NT$) 3.10 3.76 4.01 4.08 6.11 Cash Dividend Payout (%) 71% 59% 65% 64% 62% Total Dividend Payout (%) 71% 59% 65% 64% 62% 21 21