Mitac Holdings Corp. · TWSE:3706
Mitac — Q1 2024 Earnings Presentation
15 slides from Mitac's earnings presentation, May 21, 2024
Slide 1: Mitac Holdings Corporation Online Investor Conference
MITAC HOLDINGS CORPORATION Online Investor Conference May 21, 2024
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements. These forward-looking statements reflect the current expectations, assumptions, estimates and projections regarding the anticipated developments and other factors based upon the information now available to us. These forwar
Slide 3: Agenda
Agenda • Company Update Billy Ho, President and Spokesperson • Financials Doris Huang, VP of Finance and Deputy Spokesperson • Cloud Computing and AI Business Rick Hwang, President of MCT • Automotive and AIoT Business Steve Chang, President of MDT • Q&A MIC: MiTAC International Corp. MCT: MiTAC Com
Slide 4: Basic Information
Basic Information Manufacturing Facilities History Hsinchu Science Park, Taiwan Established in 2013 Shunde , Guangdong China (MIC was founded in 1982) Kunshan, Jiangsu, China Newark, CA ,U.S.A. Scale Noida, India (Joint Venture) Employees: 6,200 Hanoi, Vietnam (Under Construction) RD & Engineering :
Slide 5: ESG Summary
ENVIRONMENTAL SOCIAL GOVERNANCE ESG Carbon Measuring Environmental Charity Information Security Summary ISO 14064 15,250 trees ISO 27001 Completion of verification for four Via two tree-planting programs Continuous third-party verification consecutive years from the base year Year 2023 Carbon Disclo
Slide 6: 2024 Q1 Business Unit Revenue Mix
2024 Q1 Business Unit Revenue Mix (Consolidate) BU Amount % MCT MDT MIC 7,812 80.9% 5.9% 13.2% MDT 1,275 13.2% MCT MIC 567 5.9% 80.9% Total 9,654 100% Unit: NT$ Million MCT: MiTAC Computing Technology Corp. MDT: MiTAC Digital Technology Corp. MIC: MiTAC International Corp. 6
Slide 7: Brief Income Statement
Brief Income Statement Unit: NT$ Million Item 2022 2023 YOY(%) 2023Q1 2024Q1 YOY(%) Operating Revenue 47,833 35,536 -26% 8,672 9,654 11% Gross Profit 3,836 4,490 17% 1,066 1,307 23% Gross Profit % 8% 13% 12% 14% Operating Expenses 5,025 4,422 -12% 1,192 1,252 5% Operating Expenses % 11% 12% 14% 13%
Slide 8: Brief Balance Sheet
Brief Balance Sheet Unit: NT$ Million Item 2022.12.31 2023.12.31 2024.03.31 Cash and Cash Equivalents 7,801 8,321 9,583 Current Assets 26,966 31,539 32,303 Long-term Investments 48,490 47,580 45,789 Property, Plant and Equipment 7,768 7,209 7,160 Total Assets 85,580 88,752 87,835 Current Liabilities
Slide 9: Profitability Analysis
Profitability Analysis Revenue Gross Profit % NT$ Million GP% % NT$ Million Growth Rate 13% -26% 13% 14% 8% 47,833 35,536 4,490 3,836 9,654 1,307 2022 2023 2024Q1 2022 2023 2024Q1 Net Income EPS NT$ Million NT$ 6,897 5.76 2,400 1,787 2.00 1.48 693 - 0.57 2022 2023 2024Q1 2022 2023 2024Q1 MHC Unreali
Slide 10: Capital Structure and Liquidity Analysis
Capital Structure and Liquidity Analysis 172% 172% 171% Current Ratio 122% 126% 110% Quick Ratio Debt Ratio 44% 47% 41% 29% 31% 32% Debt to Equity 2022 2023 2024Q1 10
Slide 11: Operating Performance Analysis
Operating Performance Analysis Receivables Turnover(Days) Inventory Turnover (Days) 107 94 88 61 51 48 2022 2023 2024Q1 2022 2023 2024Q1 Payable Turnover (Days) Cash Turnover (Days) 98 85 72 70 70 54 2022 2023 2024Q1 2022 2023 2024Q1 11
Slide 12: Cloud Computing and AI Business
Cloud Computing and AI Business Private Cloud/On Premise Public Cloud/Datacenter Portal Server Application Server Storage Server Portal Server HPC/AI Server Software-Defined Storage (SDS) Edge Compute O-RAN for 5G 12
Slide 13: Automotive and AIoT Business
Automotive and AIoT Business Smart IOT Smart Mobility • Outdoor Luminaires Connectivity Modules • Dashcam Recorder • Trailer Tracking and Monitoring System 3 SATELLITE • Motobike Smart Camera • Outdoor 2 3G/4G LTE 1 WIFI Smart Telematics Smart Retail • Video Telematics • Fleet Tablet • Smart Self-Se
Slide 14: MiTAC @
MiTAC @ MITAC HOLDINGS CORP.
Slide 15: Mitac IR Website and Contact
Mitac IR Website: https://www.mitac.com/en-global/investors_overview/index Quarterly Financial Statements: https://www.mitac.com/en-global/quarterly_statement/index/ IR Contact: Ms. Maggie Hsu Email : stock@mic.com.tw / Maggie.hsu@mic.com.tw Phone : +886-3-3289000 ext. 7685 Website: www.mitac.com Co