Sea Sonic Electronics Co., Ltd. · TPEX:6203
Sea Sonic Electronics — Q1 2024 Earnings Presentation
53 slides from Sea Sonic Electronics's earnings presentation, Jun 14, 2024
Slide 1: Investor's Conference
INVESTOR’S CONFERENCE Sea Sonic Electronics Co., Ltd (6203) Safe Harbor Notice: • This document and relevant information may contain forward-looking statements. • Such forward-looking statement is not actual results but only reflects the Company’s estimates and expectations and is subject to inheren
Slide 2: Contents
Company Profile Sea Sonic Group CONTENTS Milestones 1Q24 Financial Report New Products Introduction Marketing Trend ESG
Slide 3: Company Profile
COMPANY PROFILE Founded in 1975 by Mr. J. C. Chang, manufacturing test equipment Core Identity: Research / Development and Manufacturing of Power Supplies Premium performance and quality PSUs Global reach and service 49 years of history Power Supply Focused
Slide 4: Sea Sonic Group
Sea Sonic Group Headquarter Sea Sonic Electronics Co., Ltd. Taipei, Taiwan China Subsidiaries Sea Sonic Electronics Co., Ltd. (Dongguan) Shenzhen Energy Power Electronics Co., Ltd. Guangdong, China USA Subsidiary Seasonic Electronics, Inc. CA, USA European Subsidiary Sea Sonic Europe B.V. The Nether
Slide 5: Milestones
Milestones 1975 2002 2005 2010 Established TPEx Listed First company apply First to develop true 80 PLUS 80 PLUS® Gold Certification Fanless First 80 PLUS Gold PSU Implement Hybrid Fan The first company to Control Switch and DC- provide Active PFC Enters the Retail to-DC connector panel solutions ma
Slide 6: Milestones
Milestones 2016 2020 2022 2024 PRIMEE series is the Officially release the PRIMEEE 1300W/1600W FOCUSv4 Launched market leader with 80 innovative cable MagFlow featuring with OptiSink PLUS® titanium management solution: Patented Magnetic Technology certification. Connect 1.0 Connector Technology MaxF
Slide 7: 1Q24 Financial Report
Consolidated Statements of 1Q24 Comprehensive Income Unit : NT$ thousand FINANCIAL Item 2024/1/1 ~ 3/31 2023/1/1 ~ 3/31 REPROT Operating revenue 553,414 728,379 • The decrease in operating revenue and gross profit due Gross profit from operations 153,755 256,513 to large-scale promotions and destock
Slide 8: 1Q24 Financial Report
1Q24 Consolidated Balance Sheets Unit : NT$ thousand FINANCIAL Item Cash and cash equivalents 2024/3/31 1,673,483 2023/3/31 1,668,487 REPROT • The increase in inventories in Accounts receivable, net 352,179 481,427 the current period was mainly Inventories 967,238 810,521 due to the decline in marke
Slide 9: 1Q24 Financial Report
Consolidated Statements of Cash Flows Unit : NT$ thousand 1Q24 Item 2024/1/1~3/31 2023/1/1~3/31 Cash flows from operating activities FINANCIAL Income before income tax, net Decrease (increase) in accounts receivable 192,882 18,025 174,396 (47,528) REPROT • The decrease in accounts Decrease (increase
Slide 10: 1Q24 Financial Report: EPS and Dividends
10 9.42 8 7.64 7.58 6 5.63 5 5 4.933 5 4.38 4 3.5 3.76 3.7 2.46 2.52 2.5 2.5 2 2 2 1.2 1.31 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 現金股利 EPS 1Q24 FINANCIAL REPROT • EPS and dividend distribution over the years.
Slide 11: PRIME
PRIME The Seasonic PRIME Series is Sea Sonic’s flagship product line. It results from the R&D team's most advanced design, incorporating cutting-edge production processes and top- quality materials. The latest models feature highly favored digital fan control, modern interleaved PFC, and a patented
Slide 12: Efficiency
Efficiency TX-1600 TX-1300 PX-750/850/1000/1200 PX-2200 PX-1600 GC-650/750/850 GX-850/1000 GX-750/850/1000 GX-750/850/1000/1200 GM-650/750/850 GX-550/650/750 For OEM
Slide 13: Cybenetics LAMBDA
Cybenetics LAMBDA TX-1300 TX-1600 Noctua Edition PX-750/850/1000 TX-1600 GX-750/850/1000 PX-1200 PX-2200 GX-750/850/1000 GX-1200 PX-1600 GX-550/650/750/850/1000 GM-650/750 GC-650/750 GM-850 GC-850 For OEM
Slide 14: Warranty
Seasonic: Warranty ee o> FOCUS VERTEX = 3) = 2024/6/14 SEASONIC CONFIDENTIAL,
Slide 15: Application
Application With the advancements in Artificial Intelligence (AI), there is an increasing demand for high-end components that CPU: AMD RYZEN THREADRIPPER PRO 7995WX require more power. To future- M/B: ASRock WRX90 WS EVO proof any PC or workstation for RAM: SAMSUNG DDR5-4800 ECC/REG 256GB (64GBx4) A
Slide 16: FOCUS
FOCUS The Seasonic FOCUS series is Sea Sonic's most cost-effective product. It offers excellent quality and performance, providing gamers with the best power supply and gaming experience.
Slide 17: Efficiency
Efficiency TX-1600 TX-1300 PX-750/850/1000/1200 PX-2200 PX-1600 GC-650/750/850 GX-850/1000 GX-750/850/1000 GX-750/850/1000/1200 GM-650/750/850 GX-550/650/750 For OEM
Slide 18: Cybenetics LAMBDA
Cybenetics LAMBDA TX-1300 TX-1600 Noctua Edition PX-750/850/1000 TX-1600 GX-750/850/1000 PX-1200 PX-1600 GX-750/850/1000 GX-1200 PX-2200 GX-550/650/750/850/1000 GX-650/750 GX-850 For OEM
Slide 19: Warranty
Seasonic: Warranty ee ee > Giz eCOUS VERTEX PRIMe 2024/6/14 SEASONIC CONFIDENTIAL,
Slide 20: OptiSink
• SMD heatsink improves thermal conduct efficiency. Conduction OptiSink • The efficiency of thermal conductivity increases, The implementation of resulting in reduced heat sink volume and automated surface mount Convection expanded heat convection space. technology on a new PCB layout, along with th
Slide 21: OptiSink
OptiSink The implementation of automated surface mount technology on a new PCB layout, along with the use of smaller MOSFET and heat sink components, increases the internal space within the PSU. This enhancement improves airflow and makes the FOCUS V4 / CORE V2 Series more efficient, enhancing its q
Slide 22: The Heart of Your System
THE HEART OF YOUR SYSTEM 2024/6/14 SEASONIC CONFIDENTIAL
Slide 23: Heat Transfer Coefficient
Heat Transfer Coefficient Air V3 V4 OptiSink The thermal conductivity of a MOS material is a measure of its Heat (Heat) Sink ability to conduct heat. It is MOS SMD Heat Sink Air commonly denoted by k and (Heat) is measured in W/m.K (watts/meter·kelvin). Aluminum Thermal pad PCB Copper Tin Aluminum 2
Slide 24: V3 V4 OptiSink
V3 V4 Air OptiSink MOS Heat (Heat) Sink SMD Heat Air MOS Sink (Heat) Aluminum Thermal pad PCB Copper Tin Aluminum 247 W/m.K 6 W/m.K 398 W/m.K 66.8 W/m.K 247 W/m.K COOL HOT
Slide 25: V3 OptiSink V4
Air V3 OptiSink V4 MOS Heat (Heat) Sink SMD Heat Air MOS Sink (Heat) Aluminum Thermal pad PCB Copper Tin Aluminum 247 W/m.K 6 W/m.K 398 W/m.K 66.8 W/m.K 247 W/m.K COOL HOT
Slide 26: Benefits of Density
Benefits of Density V3 Density 36030 mm3 V4 Density 17383 mm3 LLC 48% off PFC PFC LLC
Slide 27: PQ Curve Focus V3 vs V4
PQ Curve 30 25 Focus V3 Air Pressure (mmAq) 20 15 Focus V4 10 5 0 0 10 20 30 40 50 60 Air Flow (CFM) Focus V4 Focus V3
Slide 28: Benefits of Cost and Quality
SMD Head Sink Benefits of Cost • The SMD heat sink is less expensive than the regular heat sink. and Quality SMD MOS • SMD MOSFET can reduce production fees and minimize the risk of quality issues due to manual errors. Screw Less • The SMD process can conserve screws, thermal pads, bead cores, and w
Slide 29: Differences from FOCUS V3
FOCUS V3 FOCUS V4 Differences from Appearance FOCUS V3 MSRP US$ 10 Intel Design Intel DG 2.1 Intel DG 2.1 Guide Ver. ATX3.1 ATX3.1 OpitSink Efficiency Dispensing Full Solder paste Process glue+Solder paste printing process printing process
Slide 30: CORE
CORE Inheriting excellent electrical properties and OptiSink from the FOCUS series, the CORE series introduces high-quality components made in Taiwan and China to make the products more cost-effective and keep good performance.
Slide 31: Efficiency
Efficiency TX-1600 TX-1300 PX-750/850/1000/1200 PX-2200 PX-1600 GC-650/750/850 GX-850/1000 GX-750/850/1000 GX-750/850/1000/1200 GM-650/750/850 GX-550/650/750 For OEM
Slide 32: Cybenetics LAMBDA
Cybenetics LAMBDA TX-1300 TX-1600 Noctua Edition PX-750/850/1000 TX-1600 GX-750/850/1000 PX-1200 PX-1600 GX-750/850/1000 GX-1200 PX-2200 GX-550/650/750/850/1000 GM-650/750 GC-650/750 GM-850 GC-850 For OEM
Slide 33: Warranty
Warranty Giz (Oro FOCUS VERTEX PRIMe 2024/6/14 SEASONIC CONFIDENTIAL,
Slide 34: Differences from CORE V1
CORE V1 CORE V2 Differences from CORE V1 Appearance Intel Design Intel DG 1.3 Intel DG 2.1 Guide Ver. ATX 2.4 ATX3.1 Wattage 500/550/650 550/650/750/850/1000 OpitSink Dispensing Full Solder paste Process glue+Solder paste printing process printing process
Slide 35: MAXFlow 120 Fan
• Product Name: MAXFlow 120 • Factor: 120*120*30 • MSRP: 3FAN 69.99 USD / 1FAN 24.99USD MaxFlow offers higher • PC Build Budge: $$$$$ performance and an • CMF: 146.81 approachable price compared • mmH2O: 9.10 to competing products at the • Db: 46.2 same level. It is expected to be • Key tech: launch
Slide 36: VGA Wattage Trend
VGA Wattage Trend MARKET 600 600W TREND 500 • Whether it is a gaming GPU or a server AI computing GPU, 400 computing demand continues to increase. The demand for 300 its TDP (Thermal design power) will be flat or grow next 200 year. • It is estimated that the 100 demand for gaming PSUs will increase
Slide 37: Market Trend
MARKET TREND With the advancements in Artificial Intelligence (AI), there is an increasing demand for high-end components that CPU: AMD RYZEN THREADRIPPER PRO 7995WX require more power. To future- M/B: ASRock WRX90 WS EVO proof any PC or workstation for RAM: SAMSUNG DDR5-4800 ECC/REG 256GB (64GBx4)
Slide 38: Market Trend
MARKET TREND • Sea Sonic's product line has excellent, high-performance solutions ranging from 750W to 1600W for gaming PCs. • In the future, Sea Sonic's PRIME PX-2200 and new generation products under development for AI edge computing can meet the needs.
Slide 39: ESG: Our Management's Vision
ESG Our Management's Vision • The Sea Sonic Sustainability Report provides our stakeholders with a clear understanding of our initiatives, progress and goals. • We at Sea Sonic are committed to the principles outlined in this report and continue advancing toward our sustainability targets. • We obta
Slide 40: 2023 Sustainability Performance Highlights
2023 Sustainability Performance Highlights ESG Sea Sonic Electronics is Environmental committed to sustainable development, and its performance highlights in 2023 Social are in the three significant aspects of environmental Governance protection, social responsibility, and corporate governance.
Slide 41: Environmental
Environmental • ISO 14064-1 2018 • GHG emissions intensity decreased by 10% • Group Energy Intensity ESG • Waste Treatment Environmental • Reduced Unit Manufacturing Hours 10.7% • Reduced Per Unit Manufacturing Hours Social • Power Conversion Efficiency Gains Governance • Digitize Product User Manua
Slide 42: ESG: Social and Governance Highlights
Social • Data & Cyber Security • Equal Opportunity • A View to Human Rights • Social Responsibility ESG • 2023 Customer Satisfaction Survey Environmental • Business Partners and Corporate Responsibilities • Prioritization of Talent Development Social • ESG Training Governance Governance • Top 21%~35
Slide 43: Environmental
ISO 14064-1 2018 • The Sea Sonic group has adopted the ISO14064-1:2018 greenhouse gas emissions and removals quantification and reporting system into its operational strategies and Environmental strengthened the company's sustainability goals. GHG emissions intensity decreased by 10% • GHG emissions
Slide 44: Environmental
Waste Treatment • In 2023, waste treatment fully complied with the relevant laws and regulations of the place of operation and with zero environmental violations. Environmental Reduced Unit Manufacturing Hours 10.7% • In 2023, Sea Sonic reduced the total manufacturing hours of the Vertex and Focus s
Slide 45: Environmental
Power Conversion Efficiency Gains • Certified by Cybernetics for Efficiency and Noise Level, the average efficiency rating of Sea Sonic power supplies improved from A- in 2018 to A++ in 2023. Environmental • The average power conversion efficiency of the VERTEX 80 PLUS® Gold series has increased fro
Slide 46: Environmental
Reduced Paper Usage by 33% • Most Sea Sonic products have adopted digitization of the information by removing paper versions of the User Manuals and Quick Installation Guides, resulting in approximately a 33% reduction in total paper usage. Environmental Energy Savings with a Simple Light Bulb Chang
Slide 47: Social
Data & Cyber Security • Established in 2023, Sea Sonic's Information Security Team aims to enhance the group's awareness of data and cybersecurity. Social Equal Opportunity • In 2023, 38% of Sea Sonic's Executive Team was female. We strive to ensure that women have fair 38% opportunities to particip
Slide 48: Social
Social Responsibility • In 2023, Sea Sonic supported the United Nations Children's Fund (UNICEF), The Côte d'Ivoire Project in Africa. The program... Social • Recycled 1,441 tons of plastic waste while providing employment opportunities for the locals • Converted the plastic waste into building bloc
Slide 49: Social
Business Partners and Corporate Responsibilities • Sea Sonic requires new suppliers to sign the "Declaration of Conflict-Free Metals", to adhere to Sea 96% Sonic's policy of not using minerals sourced from areas of conflict. The signing rate in 2023 was 96%. Social Prioritization of Talent Developme
Slide 50: Governance
Top 21%~35% • In Taiwan Stock Exchange's 10th Corporate Governance Evaluation, Sea Sonic ranked within the top 21%~35% of all stock market listed companies. Governance Revenue and Performance Increase • In 2023, Sea Sonic's consolidated revenue was NT Dollars 3.3 B, an increase of 30.5% compared to
Slide 51: Governance
Female Directors • In 2023, nearly 30% of our Board of Directors members were female. This figure is higher than the 30% national survey of the average of all listed companies on the Taiwan Stock Exchange. Governance Guidelines & Standards • Sea Sonic's first Sustainability Report was released in ac
Slide 52: Governance
Environmental & Social Impact Screening • Established in 2023, our Supplier Technology, Quality, Responsiveness, Delivery, Cost and 93.1% Environment (TQRDCE) Assessment System requires all new suppliers to pass 93.1% of the Governance screening mechanisms for Environmental and Social impact.
Slide 53: Thank You
THE HEART OF YOUR SYSTEM Thank You 2024/6/14 SEASONIC CONFIDENTIAL
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