Slide 1: United Radiant Technology Corp. 2024 Third Quarter Investor Conference
UNITED RADIANT TECHNOLOGY CORP. 2024 Third Quarter Investor Conference 11/22/2024
Slide 2: Disclaimer
Disclaimer The consolidated financial numbers are based on International Financial Reporting Standards(IFRS) and also audited by CPA. U.R.T. Corp. does not disclose any financial forecast. Any explanation regarding to the company in this presentation, if involving any insight of the company’s fu
Slide 3: Agenda
Agenda Company Introduction Financial Results ESG Sustainability Development Product and Technology Development Q & A
Slide 4: Company Introduction
Company Introduction BY CFO Kelly Lin
Slide 5: Company Introduction
Company Introduction Date Established: 1990 Listing Date: Nov. 02, 1996 Chairman:Chen, Chiang-Yuan President: Yeh Chien-Wu Registered Capital: NT$ 1,063,518,320 Number of Employees: 453 Ticker : 5315
Slide 6: Central Taiwan Tanzi Technology Industrial Park
Central Taiwan Tanzi Technology Industrial Park
Slide 7: Experience of 30 years
+ Experience of 30 years _ Foundation Connection with Supply chain & Sales channels Of URT Service from Europe office
Slide 8: Foundation Certificate Certificated Of URT
_ _ _ _ _ _ FoundationCertificate Certificated Of URT d by ISO 45001 by Certificated Certificated ISO9001 by ISO9001: 2000 by TOSHMS ISO14001 Certificated by IATF16949
Slide 9: Financial Results
Financial Results BY CFO Kelly Lin
Slide 10: 3Q24 Income Statement
3Q24 Income Statement In NTD thousand 3Q24 2Q24 QOQ 3Q23 YOY Net Revenue $392,461 100 $388,696 100 1% $353,011 100 11% Gross Profit 71,160 18 75,589 21 -6% 50,978 14 40% Operating Expenses 40,490 10 40,150 9 1% 43,527 12 -7% Operating Profit 30,670 8 35,439 12 -13% 7,451 2 312% Non-Operating Items 6
Slide 11: YT3Q 2024 Income Statement
YT3Q 2024 Income Statement In NTD thousand 3Q24 % 3Q23 % YoY Net Revenue $1,078,516 100 $1,270,072 100 -15% Gross Profit 187,560 17 216,889 17 -14% Operating Expenses 124,719 11 130,580 10 -4% Operating Profit 62,841 6 86,309 7 -27% Non-Operating Items 48,396 4 37,362 3 Pre- Tax Profit 111,237 10 12
Slide 12: 2024Q3 Revenue by Distribution
2024Q3 Revenue by Distribution Taiwan 23% Southeast Asia Japan 1% Europe 3% 54% Hong Kong(Mainland ) 14% America 5%
Slide 13: 2024Q3 Revenue by Production
2024Q3 Revenue by Production LCD-TN LCD-TP 2% LCM-TN 1% 1% LCM-STN 16% LCM-TFT 80%
Slide 14: Revenue by Application
Consumer 3% Telecom 1% Home Medical Appliance 1% 39% Industrial Office Home Appliance Equipment Consumer 1% Telecom Medical Office Equipment Industrial/ Instrument 55%
Slide 15: Robust Balance Sheet
Robust Balance Sheet In NTD thousand 3Q24 2Q24 QOQ 3Q23 YOY Cash and cash equivalents $597,301 29 $627,555 31 -5% $682,181 36 -12% Marketable Securities 482,837 24 443,106 22 9% 361,463 19 34% Accounts receivable 369,382 18 401,467 19 -8% 246,271 13 50% Inventories 253,937 12 248,315 12 2% 254,418 1
Slide 16: Revenue vs GPM
Revenue vs GPM (Unit: NT$M) 2,500 25% 2,069 21% 2,000 1,948 20% 1,875 1,819 1,820 1,791 18% 18% 17% 16% 1,500 15% 14% 14% 1,270 1,000 10% 500 410 5% 331 334 336 260 255 216 - 0% 2017 2018 2019 2020 2021 2022 2023Q1-Q3
Slide 17: Dividend Payout Ratio
Dividend Payout Ratio Dividend Payout Ratio 2.50 2.38 2.04 2.00 1.80 1.74 1.50 1.50 1.30 1.01 1.00 0.90 76% 0.88 0.85 1.00 0.85 0.80 0.80 99% 94% 74% 91% 94% 0.50 75% - 2017 2018 2019 2020 2021 2022 2023 EPS Cash Dividends Dividend Payout Ratio
Slide 18: ESG Sustainability Development
ESG Sustainability Development BY CFO Kelly Lin
Slide 19: Company's Structure
Company’s Structure Shareholders’ meeting Remuneration Committee Audit Board of Committee Directors Sustainability Audit Development Committee Office Chairman/ Vice Chairman Chairman’s Chief Strategy Officer/Chief office Executive Officer President President Office D A D Q D O P u S M u e d e a a e
Slide 20: ESG Sustainability Development
▎ESG Sustainability Development Environmental protection has always been one of URT’s core values. We actively promote energy conservation and emission reduction measures, continuously optimize product life cycles, and are committed to green supply chain management. Social responsibility is not
Slide 21: ESG Sustainability Development
▎ESG Sustainability Development Environmental Social Corporate Sustainability Responsibility Governance • Reduce energy • Improve employee • Reduce business costs morale risk • Improve product • Improve public • Enhance investor quality image confidence • Improve corporate • Improve corporate • Enha
Slide 22: Product and Technology Development
Product and Technology Development BY R&D Director
Slide 23: Four Aspects of Product and Technology Development
▎Four Aspects of Product and Technology Development Comprehensive Product Integration Services Integrated System Board Display Development of Light Emitting Device Technology Development of Reflective Display Technology
Slide 24: Comprehensive Product Integration Services
▎Comprehensive Product Integration Services In-House monochrome LCD products Multi-touch solutions (In-Cell/RTP/CTP] Product PMOLED/E-Ink/QLED System board System Board Software Services Finished/semi-finished Service Technology Optical bonding technology products assembly OCA/OCR/PU
Slide 25: Comprehensive Product Integration Services
▎Comprehensive Product Integration Services 30+ Years of LCD/LCM Experience [Service] One of the few TN/STN monochrome display production lines outside mainland China [Product] Provide RTP/CTP/floating touch/in-cell and other touch product solutions [Product] Provide various optical bonding
Slide 26: Integrated System Board Display
▎Integrated System Board Display Develop embedded system boards to integrate displays, touch panels and peripheral components required by customers. Provide WIFI & Ethernet to enhance the product’s data transmission capabilities. In the trend towards IoT and AIoT, URT help customers quickly de
Slide 27: Integrated System Board Display
▎Integrated System Board Display System Voltage Diagonal Max. IC Status ADE Support Remark board (V) (inch) resolution ● Support CTP only 4.3” ● LCM interfaces : RGB/MIPI/LVDS 5.0” ● System board interfaces UEM-9003 ITE MP +5 NA 1280 x 800 7.0" √ I/O : GPIO/PWM 10.1" √ Communication : UART ● Support
Slide 28: Integrated System Board Display
▎Integrated System Board Display integrated graphics Acorn development Development interface Environment What You See Is What You Get Team Work Wedgist
Slide 29: Development of Light Emitting Device Technology
▎Development of Light Emitting Device Technology URT and strategic partner HongYi are committed to the technology development of electroluminescent components, which we call QLED. Unlike the well-known OLED that uses organic light-emitting materials, QLED's light-emitting material uses quantum dot m
Slide 30: Development of Light Emitting Device Technology
▎Development of Light Emitting Device Technology Comparison of QLED and OLED characteristics OLED QLED Cover glass Cover glass Electrode Electrode Device HIL HIL structure Organic Emitting Layer Inorganic Emitting Layer HTL HTL and Electrode Electrode Organic Substratematerials Inorganic materials S
Slide 31: Development of Light Emitting Device Technology
▎Development of Light Emitting Device Technology 2024 2025 Q2 Q3 Q4 Q1 Q2 Q3 Q4 BSD E scooter E Bike E BIKE MATRIX ES:2024/Q2 ES:2024/Q3 ES:2024/Q4 ES:2024/Q4 E BIKE handlebar ES:2024/Q4 EV charger EV charger Tail lamp ES:2024/Q4 ES:2024/Q2 ES:2024/Q3 B pillar ES:2024/Q4 QR code Gaming ES:2024/Q4 ES
Slide 32: Development of Light Emitting Device Technology
▎Development of Light Emitting Device Technology 2024 2025 H1 2025H2 Completed development of COG ASIC Completed double-layer wiring technology Develop transparent OLED device Develop quantum dot “blue light” material Develop top-emissive QLED device
Slide 33: Development of Reflective Display Technology
▎Development of Reflective Display Technology Under the trend of ESG, any feasible reflective display technology will surely replace the current LED-dominated [outdoor signage display]. [Reflective] color displays capable of playing video can effectively improve power consumption and nighttime l
Slide 34: Development of Reflective Display Technology
▎Development of Reflective Display Technology URT and Miortech of the Netherlands have cooperated to develop electrowetting display EWD production technology for many years. With continuous optimization of product stacking, key materials and equipment processes, they are very close to launching th
Slide 35: Q&A
Q&A
Slide 36: Thanks for Listening
THANKS FOR LISTENING