Superalloy Industrial Co., Ltd. · TWSE:1563
Superalloy Industrial — Q2 2024 Earnings Presentation
21 slides from Superalloy Industrial's earnings presentation, Aug 9, 2024
Slide 1: SuperAlloy Industrial Co. (1563 TT) 2Q24 Investor Presentation
SuperAlloy Industrial Co. (1563 TT) 2Q24 Investor Presentation Forging the of Mobility
Slide 2: Disclaimers
Disclaimers The information contained in this confidential document ("Presentation") has been prepared by SuperAlloy Industrial Company Ltd. (the "Company"). It has not been fully verified and is subject to material updating, revision and further amendment. While the information contained herein has
Slide 3: Agenda
Agenda 2Q24 Results And 2024 Guidance SAI’s Growth Strategy And Goals Q&A 3
Slide 4: 2Q24 Results And 2024 Guidance
2Q24 Results And 2024 Guidance 4
Slide 5: 2Q24 Income Statement
2Q24 Income Statement NT$ million 2Q24 1Q24 2Q23 QoQ YoY Net Revenue 1,873 1,954 1,924 -4% -2.64% Gross Profit 505 521 390 -3% 29.39% Gross Margin 27% 27% 20% Operating Expenses 247 249 254 -1% -2.59% SG&A percent of Sales 13% 13% 13% Operating Income 258 272 136 -5% 88.88% Operating Margin 14% 14%
Slide 6: 1H24 Income Statement
1H24 Income Statement NT$ million 1H24 1H23 YoY Net Revenue 3,828 3,715 3.05% Gross Profit 1,026 800 28.30% Gross Margin 27% 22% Operating Expenses 496 485 2.30% SG&A percent of Sales 13% 13% Operating Income 530 315 68.39% Operating Margin 14% 8% Net Non-Operating Income (Loss) -15 64 -123.72% Pre-
Slide 7: 2Q24 Balance Sheet
2Q24 Balance Sheet 2024/6/30 2024/3/31 2023/6/30 NT$ million $ % $ % $ % Cash and Cash Equivalents 1,994 11% 1,673 10% 1,061 6% Notes & Accounts Receivable, Net 1,044 6% 1,043 6% 1,000 6% Inventories 5,736 33% 5,890 34% 6,571 37% Other Current Assets 188 1% 160 1% 187 1% Long-term Investments 35 0%
Slide 8: 2024 Guidance
2024 Guidance ● Annual Revenue Continues to Grow: Despite global economic conditions and the slowdown in the Chinese automotive market affecting luxury car demand and delivery schedules, SAI expects its 2024 revenue to grow year-over-year. ● Operating Profit Margin Continues to Improve: Thanks to op
Slide 9: SAI's Growth Strategy And Goals
SAI’s Growth Strategy And Goals 9
Slide 10: SAI Aims to Maximize Shareholder Return
SAI Aims to Maximize Shareholder Return 01 02 03 Enhance Operational Efficiency Reinforce the and Profitability Leading Position in the Global 2-1 2-2 Long-Term Luxury/Premium Goals Car Expand Net Shape Green Economy Forging Industry Aluminum Recycled Aluminum Forged Wheels 10
Slide 11: SAI and Luxury Brands Outgrew The Global Market
SAI and Luxury Brands Outgrew The Global Market ● During 2018-23, luxury and premium car shipment has outgrown global automotive market. ● Our high-end forged wheels business will continue to grow with global luxury and premium cars. 2018 2019 2020 2021 2022 2023 2018-23 CAGR Global Cars Shipment (m
Slide 12: Improve Operational Efficiency through Expanding Net Shape Forged Wheels
Improve Operational Efficiency through Expanding Net Shape Forged Wheels Advantages of Net Shape Forged Wheels ◆ Our Net Shape Forged Wheels utilize precision forging to shorten post-forging processes, simplify the production process, which leading to less production time and lower cost. It is suita
Slide 13: More Net Shape Forged Wheel Projects Are Coming
More Net Shape Forged Wheel Projects Are Coming 14 net shape forged wheels are in mass production. 71 are under development. Charger, Challenger, Durango SRT series 10 wheels are in mass production、 1 wheel is under development 2021MY M3 M4 Competition 4 wheels are in mass production 2024MY Macan an
Slide 14: Increase Profitability by Using Recycled Aluminum
Increase Profitability by Using Recycled Aluminum Achieve diversification of supply sources, reduce inventory and cost Forging Machining Polishing Painting Turning & Milling Manual & Auto 7,000 Ton Forging Manual & Auto Diamond-Cutting Painting Flow Forming Grinding Dot Marking Powder & Liquid Vibra
Slide 15: Green Milestone
Green Milestone MOVING • The yield rate of RESAICAL® recycled aluminum increased from 69% in 2020 to 97% in 2023. Our current recycled aluminum annual capacity is 40k tons and new production capacity will INTO continue to be built. Usage of RESAICAL® recycled aluminum is currently maintained at 32%
Slide 16: SAI Aims to Deliver Sustainable Long-term Shareholders Returns
SAI Aims to Deliver Sustainable Long-term Shareholders Returns through the Enhancement of Operational Efficiency and Profitability Long-term operational goals : 15-20% Operating Margin Double-Digit ROE Source: TEJ 16
Slide 17: Sustainable Operation and Growth
Sustainable Operation and Growth Profitability Improvement and Sustainable Sustainable Revenue Growth • Generating a sustainable double-digit Return ROE • Maintain at least 50% payout ratio Listed on TWSE on May 13th TW No.2 Machining Tier-1 supplier Profitability • Optimize operational efficiency I
Slide 18: Q&A
Q&A 18
Slide 19: 2Q24 Income Statement
2Q24 Income Statement YoY (%) NT$mn 2020 2021 2022 2023 1H24 2021 2022 2023 1H24 Revenue 5,442 7,488 6,402 7,779 3,828 -14.5 11.2 21.5 3.0 Gross Profit 992 1,922 1,213 1,734 1,026 -36.9 25.2 43.0 28.3 Operating Expenses -611 -1,326 -1,094 -980 -496 -17.5 -20.9 -10.4 2.3 Operating Profit 381 596 119
Slide 20: 2Q24 Balance Sheet
2Q24 Balance Sheet YoY (%) NT$mn 2020 2021 2022 2023 1H24 2021 2022 2023 1H24 Total Assets 16,820 16,444 17,562 17,376 17,388 -2.2 6.8 -1.1 -1.5 Cash 771 1,135 878 1,237 1,994 47.2 -22.6 40.9 87.8 AR & NR 795 875 827 1,021 1,044 10.1 -5.4 23.4 4.3 Inventories 5,072 4,972 6,413 6,241 5,736 -2.0 29.0
Slide 21: Key Financial Performance
Key Financial Performance Source: TEJ 21
SuperAlloy Industrial — Q2 2024 Earnings Presentation on 6ix