Mitac Holdings Corp. · TWSE:3706
Mitac — Q1 2023 Earnings Presentation
15 slides from Mitac's earnings presentation, May 22, 2023
Slide 1: Mitac Holdings Corporation Online Investor Conference
MITAC HOLDINGS CORPORATION Online Investor Conference May 22 , 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements. These forward-looking statements reflect the current expectations, assumptions, estimates and projections regarding the anticipated developments and other factors based upon the information now available to us. These forwar
Slide 3: Agenda
Agenda • Company Update Billy Ho, President and Spokesperson • Financials Doris Huang, VP of Finance and Deputy Spokesperson • Cloud and Edge Computing Business Michael Lin, President of MCT • Automotive and A-IoT Business Steve Chang, President of MDT • Q&A MIC: MiTAC International Corp. MCT: MiTAC
Slide 4: Basic Information
Basic Information History Manufacturing Facilities Established in 2013 Hsinchu Science Park, Taiwan (MIC was founded in 1982) Shunde , Guangdong China Kunshan, Jiangsu, China Newark, CA ,U.S.A. Scale Noida, India (Joint Venture) Employees: 6500+ RD & Engineering : 2000+ Major Subsidiaries Capital :
Slide 5: ESG Summary
ENVIRONMENTAL SOCIAL GOVERNANCE ESG Carbon Measuring Environmental Charity Information Security Summary ISO 14064 3,750 trees / y ISO 27001 Completed the certification for three Via two tree-planting programs Continuous third-party certification consecutive years from the baseline year Year 2022 Ren
Slide 6: Financials
Financials mirc 2 6 MITAC HOLDINGS CORP.
Slide 7: 2023 Q1 Business Unit Revenue Mix
2023 Q1 Business Unit Revenue Mix (Consolidate) MIC BU Amount % MDT 7.3% 15.2%, MCT 6,989 77.5% MDT 1,372 15.2% MIC 662 7.3% MCT 77.5% Total 9,023 100% Unit: NT$ Million MCT: MiTAC Computing Technology Corp. MDT: MiTAC Digital Technology Corp. MIC: MiTAC International Corp. 7
Slide 8: Brief Income Statement
Brief Income Statement Unit: NT$ Million Item 2021 2022 YOY(%) 2022Q1 2023Q1 YOY(%) Operating Revenues 42,186 47,833 13% 11,313 9,023 (25%) Gross Profit 4,362 3,836 (12%) 1,190 1,066 -10% Gross Profit % 10.34% 8% 11% 12% Operation Expense 4,320 5,025 16% 1,122 1,192 6% Operation Expense % 10% 11% 10
Slide 9: Profitability Analysis
Profitability Analysis Revenue Gross Profit NT$ Million Growth Rate % NT$ Million GP% % 13% 12% 3% 10% 8% 47,833 42,186 4,362 3,836 9,023 1,066 2021 2022 2023Q1 2021 2022 2023Q1 Net Income EPS NT$ Million NT$ 6,759 6,897 5.66 5.76 5,202 153 4.35 - 0.13 2,400 2.00 - - 2021 2022 2023Q1 2021 2022 2023Q
Slide 10: Brief Balance Sheet
Brief Balance Sheet Unit: NT$ Million Item 2021.12.31 2022.12.31 2023.03.31 Cash and Cash Equivalents 6,651 7,801 9,357 Current Assets 27,591 26,966 28,219 Long-term Investments 38,764 48,490 47,117 Property, Plant and Equipment 7,785 7,768 7,665 Total Assets 76,349 85,580 85,360 Current Liabilities
Slide 11: Capital Structure and Liquidity Analysis
Capital Structure and Liquidity Analysis 176% 172% 159% 流動比率 Current Ratio 110% 105% 速動比率 Quick Ratio 96% 負債占股權比率 Debt to Equity 45% 46% 41% 31% 29% 31% 負債佔資產比率 Debt Ratio 2021 2022 2023Q1 11
Slide 12: Operating Performance Analysis
Operating Performance Analysis Receivables Turnover(Days) Inventory Turnover (Days) 106 101 88 71 47 51 2021 2022 2023Q1 2021 2022 2023Q1 Payable Turnover (Days) Cash Turnover (Days) 應付帳款周轉天數 104 85 81 67 73 54 2021 2022 2023Q1 12 2021 2022 2023Q1
Slide 13: Cloud and Edge Computing Business
Cloud and Edge Computing Business Public Cloud Software-Defined HPC/AI Server Storage (SDS) Front-end Server Open Radio Area Edge Network (O-RAN) for 5G Server Private Cloud Front-end Server Enterprise Server Enterprise Storage To Client Devices 13
Slide 14: Automotive and A-IoT
Automotive and A-IoT SMART TELEMATICS SMART MOBILITY MiDM TM • Video Telematics • VT (VisionMax) • Fleet Tablet • Vision AI event detection • Dashcam Recorder • Smart ADAS • Telematics Box • Navigation Solution • Motobike Smart • Motobike App (MiVue Pro) • • Fleet Management (RTR) MiDM / MiLock MaaS
Slide 15: Mitac IR Website and Contact
Mitac IR Website: https://www.mitac.com/en-global/investors_overview/index Quarterly Financial Statements: https://www.mitac.com/en-global/quarterly_statement/index/ IR Contact: Ms. Sammy Huang Email : stock@mic.com.tw / sammy.huang@mic.com.tw Phone : +886-3-3289000 ext. 7685 Website: www.mitac.com