Wnc Corporation · TWSE:6285

Wnc — Wistron NeWeb — Q1 2023 Earnings Presentation

19 slides from Wnc's earnings presentation, May 16, 2023

  1. Slide 1: 2023 Investor Conference

    2023 Investor Conference May 2023 ■ Normal □ Internal Use □ Confidential □ Restricted Confidential

  2. Slide 2: Disclaimer

    Disclaimer This presentation is being delivered to the recipient. The sole purpose of this presentation is to assist the recipient in understanding Wistron NeWeb Corporation ( WNC ). This presentation is not intended to form the basis of a decision to purchase securities or any other investment deci

  3. Slide 3: Agenda

    Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 3

  4. Slide 4: Q1 2023 Income Statement QoQ (Consolidated)

    Q1 2023 Income Statement QoQ (Consolidated) (in NT$ million) Q1 2023 Q4 2022 QoQ Amount % Amount % % Net Revenue 25,266 100.0 29,095 100.0 -13.2 Realized Gross Profit 2,804 11.1 3,650 12.5 -23.2 Operating Expense 1,978 7.8 2,474 8.5 -20.0 Operating Income 826 3.3 1,176 4.0 -29.8 Non-operating Income

  5. Slide 5: Q1 2023 Income Statement YoY (Consolidated)

    Q1 2023 Income Statement YoY (Consolidated) (in NT$ million) Q1 2023 Q1 2022 YoY Amount % Amount % % Net Revenue 25,266 100.0 19,456 100.0 29.9 Realized Gross Profit 2,804 11.1 2,039 10.5 37.5 Operating Expense 1,978 7.8 1,800 9.3 9.9 Operating Income 826 3.3 239 1.2 245.6 Non-operating Income/(Loss

  6. Slide 6: 2023/3/31 Balance Sheet (Consolidated)

    2023/3/31 Balance Sheet (Consolidated) (in NT$ million) 2023/3/31 2022/12/31 QoQ 2022/3/31 YoY Amount % Amount % Amount % Amount % Amount % Cash & ST Investments 5,556 9 5,195 9 361 7 4,442 9 1,114 25 A/R 18,799 30 21,708 33 (2,909) -13 16,235 34 2,564 16 Inventory 23,376 38 24,649 37 (1,273) -5 15,

  7. Slide 7: Agenda

    Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 7

  8. Slide 8: Product Category

    Product Category • Wireless Network (Enterprise Access Point / Mesh Router / Extender) • Network Infrastructure (Switch / SD-WAN / 5G RU / Smart NIC / 5G Edge Server) Networking • Cellular Connectivity (4G, 5G CPE / Mobile Hotspot) • Application Network (OTT STB / Streaming TV Stick / Doorbell Camer

  9. Slide 9: Growth Strategy – Enterprise

    Growth Strategy – Enterprise  Maintain technology and market share leadership  Expand product portfolio from Wi-Fi to cellular and edge infrastructure products Enterprise AP Wi-Fi 6/6E, Wi-Fi 7 5G ORAN Private Network SD-WAN, Switch ■ Normal □ Internal Use □ Confidential □ Restricted Confidential

  10. Slide 10: Growth Strategy – Service Providers

    Growth Strategy – Service Providers  Adopt go-direct business model to reduce margin stacking  Acquire more service provider customers to grow business  Expand product portfolio from end-user to infrastructure products MSO Cable IoT LEO BB Cloud Smart Home Satellite Telematics LEO Satellite Broad

  11. Slide 11: Growth Strategy – Automotive

    Growth Strategy – Automotive  Develop and expand business in key automotive modules and sensors  Become a Tier-1 supplier to EV OEMs Automotive 4G/5G, CPU Modules, TCU ADAS Camera & Radar ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 11

  12. Slide 12: Revenue Performance & Key Milestones

    Revenue Performance & Key Milestones LEO FWA Enterprise ADAS Switch IoT Solutions Solutions High-end Smart Meter Automotive Router Comm. Hub Modules Enterprise AP 3,216 2,198 2,428 1,906 1,824 2,067 1,340 1,578 1,635 Million USD 833 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Q1 • Primary mmW

  13. Slide 13: Revenue Structure

    Revenue Structure Q1 2023 Q1 2023 Revenue by Customer Segment Revenue by Region Europe Service Provider Enterprise 16% 40% 38% America Asia 66% 18% 12% overlap Automotive Consumer Brand 35% 1% ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 13

  14. Slide 14: Global Manufacturing Campus Overview

    Global Manufacturing Campus Overview (NQX) (NQJ) Wistron NeWeb (Kunshan) WNC (Kunshan) (NYC) (S1) Hsinchu, Kunshan, China Taiwan Tainan, Hsinchu Site Brazil Site WebCom Communication Ha Nam, Taiwan (Manufacturing partner) (Kunshan) Vietnam New New (VN) (S2) (S3) Manaus, Brazil NeWeb Vietnam Tainan S

  15. Slide 15: Patents & Achievements

    Patents & Achievements  WNC not only focuses on R&D investment but also values sustainability in its long-term operations R&D  IT World Awards 2019, 2018  CES Innovation Awards 2022  Hsinchu Science Park R&D Accomplishment Award 2020, 2018  Hsinchu Science Park Innovative Product Award 2021, 20

  16. Slide 16: ESG Evaluation Results

    ESG Evaluation Results S&P Global CSA 2022 2022 Ranked 2023 Rating : Gold Ranked No.3 Top 15% in the Ranked Top 5% in the 2022 CMT Telecommunications of all companies Communications Equipment Industry rated by EcoVadis Equipment Industry 2022 CDP 2022 CDP 2022 Taiwan Corporate Climate Change Water S

  17. Slide 17: Agenda

    Agenda ■ Financial Information ■ Business Development Update ■ Summary ■ Q&A ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 17

  18. Slide 18: Summary

    Summary ■ Normal □ Internal Use □ Confidential □ Restricted Confidential 18

  19. Slide 19: Wistron NeWeb Corp. Q&A

    Wistron NeWeb Corp. Q&A

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