Slide 1: Chenbro Micom
Chenbro Micom The Leading Mechatronics Architecture Provider in ICT Industry TWSE:8210 Mar. 2024 Confidential Contact : ir@chenbro.com 0
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: 2023Q4 Results Highlight
2023Q4 Results Highlight 4Q23 Revenue was NT$4,729M, UP 100.6% QoQ and UP 78.0% YoY 4Q23 Gross profit was NT$1,150M, UP 105.2% QoQ and UP 130.0% YoY 4Q23 Operating income was NT$791M, UP 180.0% QoQ and UP 212.3% YoY 4Q23 Net Income to Parent was NT$558M, UP 122.9% QoQ and UP 256.2% YoY Confidential
Slide 4: Quarterly Income Statement
Quarterly Income Statement NT$ million 22Q4 23Q3 23Q4 QoQ (%) YoY (%) Revenue 2,657 2,357 4,729 100.6 78.0 Gross Profit 500 560 1,150 105.2 130.0 Operating Expenses 246 290 371 28.2 50.7 Net other income (expenses) 0 12 13 Operating Profit 253 283 791 180.0 212.3 Non Operating Income/(Loss) -49 44 -
Slide 5: Annual Income Statement
Annual Income Statement NT$ million 2022 2023 YoY (%) Revenue 10,558 11,247 6.5 Gross Profit 2,131 2,574 20.8 Operating Expenses 989 1,127 14.0 Net other income (expenses) 15 Operating Profit 1,142 1,462 28.0 Non Operating Income/(Loss) 201 -32 Income before Tax 1,343 1,430 6.5 Tax Expenses 334 323
Slide 6: Revenue Breakdown
Revenue Breakdown By Product By Geography Confidential 5
Slide 7: Financial Highlights
Financial Highlights Revenue (NT$Mn) Gross Profie / Gross Margin Net Income / Net Margin EPS (NT$) Confidential 6
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet NT$ million 2021 2022 23Q3 2023 QoQ (%) TOTAL ASSETS 11,253 12,325 12,133 13,987 15.3 Cash (Note1) 1,451 1,885 2,162 2,980 37.9 NR & AR 2,372 2,367 2,159 3,611 67.3 Inventories 2,399 2,400 2,242 1,843 -17.8 Fixed Assets 4,527 5,089 5,018 4,908 -2.2 TOTAL LIABILITIES 7,076
Slide 9: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Cash Flow Statement (In NT$ million) 2022 2023 YoY Beginning Balance (Note 1) 1,451 1,885 30% Cash inflow generated from operations 495 2,524 410% Capital expenditures (848) (215) (75%) Proceeds from short-term/long-term debt 1,112 (682) (161%) Others (325) (532) 64%
Slide 10: 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 Cash yield (%) 4.7% 5.1%note2 4.6% 2.6% 1.9% Payout ratio (%) 60% 49% 53% 48% 55% Note: 1. 2019-2022 yields are ba
Slide 11: Business Outlook
Driven by the AI demands from customers, we have Business confidence in annual revenue growth. In response to volatile operating environment, we have Outlook launched several programs to ensure stable operation. We aim to continuously improve gross in the next years. Chiayi manufacturing site
Slide 12: Q&A
Q&A Contact : ir@chenbro.com Confidential 11
Slide 13: www.chenbro.com
www.chenbro.com Confidential 12