Slide 1: Investor Conference
Investor Conference 25 Sep. FY25
Slide 2: Agenda
Agenda • Welcome1 C. M. Yang , Vice Chairman • 2025 H1 Financial Results Justin Ko , CFO • 2025 H1 Market Review M. F. Feng , General Manager • Future operational challenges and opportunities M. F. Feng , General Manager • Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice • RECHI’s statements of its current expectations are forward looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Except as required by law, we undertake no obligation t
Slide 4: 2025 H1 Financial Results
2025 H1 Financial Results Tl RECHI
Slide 5: 2025 H1 Summary of Operational Highlights
2025 H1 Summary of Operational Highlights Sales revenues Net Income DC inverter compressor sales and YoY Growth and YoY Growth and YoY Growth NT$12.08 billion, NT$645 million, 4.87 million sets, +8.9% +5.16% +17.9% 1. 12.67M units sold (+13% YoY); global share up to 7.5% (from 7.0%). 2. Lean Manufac
Slide 6: Sales Volume and Financial Report Trend Chart
Sales Volume and Financial Report Trend Chart three margin: % Sales volume: 10,000 sets 18.00% 16,000 17.01% 15.92% 15.54% 16.00% 14.81% 14.91% 14,000 12,678 14.00% 12,000 11,147 12.00% 10,085 10,000 Sales volume 10.00% 7,962 7,540 8,000 7.95% GPM 8.00% 6.83% OPM 6,000 6.00% 5.58% 5.47% 5.00% NPM 5.
Slide 7: 2025H1 RECHI Sales: Application ratio
2025H1 RECHI Sales : Application ratio 2024H1 2025H1 0thers 6% others 14% Portable 10% Dehumidifier 7% Dehumidifier, 11% Split-type A/C 54% Heat pump dryer 12% Split-type A/C 52% Heat pump dryer, 19% Portable 15% Others : window AC、Unitary、industrial use、Turck parking、PTAC 7
Slide 8: 2025H1 RECHI Sales: Geographic ratio (End market)
2025H1 RECHI Sales : Geographic ratio (End market) 2024H1 2025H1 Other 20% Other 20% China 39% China 37% North American 15% North American 17% Europe 26% Europe 26% 8
Slide 9: 2025 H1 Income statement
2025 H1 Income statement Unit: NT$ thousand S 2025H1 % 2024H1 % YOY Growth rate % Sales volume (units) 12,678,116 11,147,375 1,530,741 13.7 Net revenues 12,086,804 100.0 11,089,864 100.0 996,940 9.0 Cost of revenue -10,030,578 -83.0 -9,324,399 -84.1 -706,179 -7.6 Gross profit 2,056,226 17.0 1,765,46
Slide 10: 2025 H1 Balance sheet
2025 H1 Balance sheet Unit: NT$ Account thousands captions 2025/06/30 % 2024/12/31 Account %captions VS YE24 2024 2024/06/30 2025/06/30 % % 2024/12/31 %YoY VS YE24 20 Cash and financial assets 9,410,677 34.1% 11,481,372 Cash and 38.4% -2,070,695 financial assets 8,843,143 9,410,677 34.1% 31.0% 567,5
Slide 11: 2025 H1 Cash flow statement
2025 H1Cash flow statement Unit: NT$ thousand S 2025H1 2024H2 2024H1 Cash and cash equivalents, beginning of period 5,839,139 3,732,749 3,732,749 Net cash generated by operating activities -953,340 4,069,891 596,873 Net cash used in investing activities -1,253,794 -1,717,156 -1,136,350 Net cash used
Slide 12: Carbon Reduction Implementation Results
Carbon Reduction Implementation Results • Per ISO 14064 third-party verification, 2024 total GHG emissions were 80.2 ktCO₂e; emission intensity per unit fell 22.7% YoY. • CDP (Climate Change) score upgraded from D to B. Unit carbon emissions Key projects to improve results: kgCO2e 6 1. Boost refrige
Slide 13: 2025 H1 Market Review
2025 H1 Market Review Tl RECHI
Slide 14: Growth Rate of Global RAC Market in the First Half of 2025
Growth Rate of Global RAC Market in the First Half of 2025 RAC demand +3% YoY globally; U.S. +11%, China +11%, Europe +3%. SEA/India/Central America: prolonged rainfall delayed summer and muted demand. Africa and the Middle East recorded robust growth, driven by economic expansion, infrastructure
Slide 15: Sales Volume of China's Air Conditioner/Compressor Industry in 2025H1
Sales Volume of China’s Air Conditioner/Compressor Industry in 2025H1 Unit:10,000 sets A/C sales Export sales Domestic sales period Company 2025 2024 2025 2024 2025 2024 1. China RAC sales: 120M units (+8.3% YoY). Exports Sales YoY Sales Sales YoY Sales Sales YoY Sales Media 3,621 5.7% 3,425 1,691 -
Slide 16: Sales Trends and Estimates of Rotary Compressors in China
Sales Trends and Estimates of Rotary Compressors in China unit: K / sets 320,000 306,955 30.00% 296,575 270,000 262,305 25.00% 238,571 233,362 220,000 20.00% 3.50% 170,000 12.77% 13.06% 15.00% 12.40% Sales volume 170,028 157,880 120,000 10.00% YOY 70,000 5.00% 20,000 -2.18% 0.00% -30,000 -5.00% 2021
Slide 17: Future operational challenges and opportunities
Future operational challenges and opportunities 17
Slide 18: Opportunities & Challenges
Opportunities & Challenges Opportunities Challenges Rising global temperatures are increasing consumer Market uncertainties persist, including U.S. reciprocal demand for comfort products.。 tariff policies and geopolitical risks.。 In emerging markets (e.g., Latin America, India, Africa), Rapi
Slide 19: Rechi Growth Strategy
Rechi Growth Strategy Globalized New Products & Heat Pump Operations Applications Strategy Broaden application scope for Globalization + vertical integration short-term goals : focus on Europe rotary compressors Equity partnership & strategic alliances long-term goals : develop the U.S.
Slide 20: Tl RECHI
Tl RECHI