Forward Electronics Co., Ltd. · TPEX:8085
Forward Electronics — Grand Fortune Securities investor conference 2022
21 slides from Forward Electronics's conference presentation, November 2022
Slide 1: FORWARD Review 2022 Q3
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Slide 2: Safe Harbor Statement
Safe Harbor Statement •This presentation contains forward-looking statements subject to significant risks and uncertainties. Actual results may differ significantly from those contained in the forward-looking statements. The forward- looking statements should not be interpreted as legally binding co
Slide 3: Outline
Outline Company Overview Financial Overview -Consolidated P/L for Q3 2022 -Consolidated B/S for Q3 2022 -Financial Index Main Products & Application SWOT Analysis Q&A 3
Slide 4: Company Overview
Company Overview Headquarter：No. 393, Section 1, Zhongzheng Road, Sanxia District, New Taipei City, Taiwan Founded：August 31, 1970 OTC Listing (Code 8085)：March 1, 2004 Paid-in Capital：NT$ 1.39983 billion Number of Employees：Approx. 260 employees 4
Slide 5: Company Overview
Company Overview Forward Electronics was founded in 1970 and is headquartered in Taiwan. It is a company with integrated and professional R&D and manufacturing capabilities. From the company's inception period with TV tuners and precision electronic components as its main products, Forward has gradu
Slide 6: Global base
Global base Sanxia Headquarter Kaohsiung Plant Suzhou Wujiang Plant 6
Slide 7: Consolidated income statement for Q3 2022
Consolidated income statement for Q3 2022 In thousand NT$ 2022 Q3 2022 Q2 QOQ 2022 Q1~Q3 2021 Q1~Q3 YOY $ % $ % % $ % $ % % Net Sales 251,765 100.0% 198,564 100.0% 26.8% 665,846 100.0% 713,676 100.0% -6.7% COGS 224,024 89.0% 183,604 92.5% 22.0% 604,742 90.8% 642,048 90.0% -5.8% Gross Profit 27,741 1
Slide 8: Quarterly Revenues Trend
Quarterly Revenues Trend In thousand NT$ Consolidated revenue 300,000 251,765 250,000 239,800 240,754 233,122 215,517 200,848 198,564 200,000 150,000 100,000 50,000 0 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 合併營業收入Consolidated revenue 8
Slide 9: Quarterly Net Income after Tax
Quarterly Net Income after Tax In thousand NT$ Consolidated net income after tax 90,000 32.90% 35.00% 80,000 30.00% 70,000 25.00% 60,000 50,000 20.00% 40,000 15.00% 30,000 10.17% 8.85% 6.98% 10.00% 20,000 4.68% 1.13% 1.48% 5.00% 10,000 0 19,073 20,199 82,828 0.00% 10,904 2,710 16,805 2,977 1Q21 2Q21
Slide 10: Consolidated B/S for Q3 2022
Consolidated B/S for Q3 2022 In thousand NT$ 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Cash & Equiv. 359,230 327,367 218,576 289,066 365,835 855,844 743,518 Financial Assets 1,158,965 1,150,814 1,032,314 963,602 909,743 385,658 514,002 Net AR 225,512 251,408 271,281 253,215 248,491 292,004 334,724 Inventor
Slide 11: Main financial ratio Q3 2022
Main financial ratio Q3 2022 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 Current Ratio 648% 699% 581% 617% 698% 594% 595% Quick Ratio 591% 630% 509% 537% 617% 530% 534% Debt Ratio 48% 49% 48% 47% 45% 46% 44% NAV / share 9.13 9.01 9.34 10.65 11.22 10.97 11.52 流動比率Current Ratio、速動比率Quick Ratio 負債比率Debt Ratio 7
Slide 12: Main Products & Application
Main Products & Application Precision Components Products Optoelectronic Products 12 Professional OEM/ODM
Slide 13: Precision Components Products
Precision Components Products Switch Encoder Sensor Potentiometer 13
Slide 14: Optoelectronic Products
Optoelectronic Products Backlight Module 5.8" Back light module 10.1" Back light module 14" Back light module 14
Slide 15: Professional OEM/ODM
SMT Production Line LY t = a4, i M Scheduling system Cy SUDOWes: a A configuration One shift 10 person
Slide 16: Professional OEM/ODM
DIP production line h We Scheduling system & ser Manpower pA configuration One shift ‘agerson
Slide 17: Professional OEM/ODM
Assembly line ory ALT | SE EET] | aI 7 a - i Manpower Scheduling syst ge eau "9 system S28 configuration (3) One shift 16 person
Slide 18: SWOT Analysis
SWOT Analysis Strength Products Profolio and Combo Mix Brand awareness, customer base & sales channel spread out emerging markets Solid financial & cash conversion Weakness Climbing raw material and OH cost, volatile currency fluctuation Still under economic business scale Complicate bus
Slide 19: SWOT Analysis
SWOT Analysis Oppertunity Resurgence of the needs for basic computing accessories and peripheral devices with changes in macro economic and social environment. COVID-19 & High Speed Internet (5G, WiFi 6) fuels the needs for distance learning, remote working, cloud desktop and the likes. Bridge
Slide 20: Industrial Environment Analysis and Opportunity Inventory
Industrial Environment Analysis and Opportunity Inventory 1. Continue to develop new technology and high value-added products, and form market segments with high-tech products leading the industry. 2. Accelerate the automatic production of traditional models, and make good use of Suzhou Fuhua for cr
Slide 21: Thank You
Thank You 21
Forward Electronics — Grand Fortune Securities investor conference 2022 on 6ix