Chenbro Micom Co., Ltd. · TWSE:8210
Chenbro Micom — Q1 2024 Earnings Presentation
11 slides from Chenbro Micom's earnings presentation, May 2024
Slide 1: Chenbro Micom
Chenbro Micom The Leading Mechatronics Architecture Provider in ICT Industry TWSE:8210 May 2024 Contact Confidential : 1 ir@chenbro.com
Slide 2: Safe Harbor Notice
Safe Harbor Notice • This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. • Except as
Slide 3: 2024Q1 Results Highlight
2024Q1 Results Highlight 1Q24 Revenue was NT$2,773M, DOWN 41.4% QoQ and UP 68.4% YoY 1Q24 Gross profit was NT$689M, DOWN 40.1% QoQ and UP 154.0% YoY 1Q24 Operating income was NT$444M, DOWN 43.9% QoQ and UP 898.4% YoY 1Q24 Net Income to Parent was NT$365M, DOWN 34.6% QoQ and UP 1216.7% YoY Confidenti
Slide 4: Quarterly Income Statement
Quarterly Income Statement NT$ million 23Q1 23Q4 24Q1 QoQ (%) YoY (%) Revenue 1,647 4,729 2,773 -41.4 68.4 Gross Profit 271 1,150 689 -40.1 154.0 Operating Expenses 212 371 291 -21.5 37.5 Net other inc ome (expenses) -15 13 46 Operating Profit 44 791 444 -43.9 898.4 Non Operating Inc ome/(Loss) -15
Slide 5: Revenue Breakdown
Revenue Breakdown By Product By Geography Confidential 5
Slide 6: Financial Highlights
Financial Highlights Revenue (NT$Mn) Gross Profie / Gross Margin Net Income / Net Margin EPS (NT$) Confidential 6
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet NT$ million 2021 2022 2023 24Q1 QoQ (%) TOTAL ASSETS 11,253 12,325 13,987 13,737 -1.8 C ash (Note1) 1,451 1,885 2,980 3,711 24.5 NR & AR 2,372 2,367 3,611 2,780 -23.0 Inventories 2,399 2,400 1,843 1,655 -10.2 Fixed Assets 4,527 5,089 4,908 4,972 1.3 TOTAL LIABILITIES 7,076
Slide 8: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (In NT$ million) 23Q1 24Q1 YoY Beginning Balance (Note 1) 1,885 2,980 58% C ash inflow generated from operations 388 879 127% C apital expenditures (126) (113) (10%) Proc eeds from short-term/ long-term debt (319) (1,184) 271% Proc eeds from C onv
Slide 9: Dividend Distribution
Dividend Distribution Earnings Per Share: NT$9.03 Cash Dividend Per Share: NT$5.00 Item 2019 2020 2021 2022 2023 EPS 7.62 8.16 5.62 8.32 9.03 Dividend p/s (NT$) 4.60 4.00 3.00 4.00 5.00 C ash yield (%) 4.7% 5.1%note2 4.6% 2.6% 1.9% Payout ra tio (%) 60% 49% 53% 48% 55% Note: 1. 2019-2022 yields are
Slide 10: Business Outlook
Driven by the AI demands from customers, we have Business confidence in annual revenue growth. In response to volatile operating environment, we Outlook have launched several programs to ensure stable operation. We aim to continuously improve gross in the next years. Chiayi manufacturing site
Slide 11: Q&A
Q&A Contact : ir@chenbro.com Confidential 11