Advanced International Multitech Co. Ltd. · TPEX:8938
Advanced International Multitech — Investor Presentation (December 2024)
17 slides from Advanced International Multitech's investor presentation, Dec 26, 2024
Slide 1: Stock Code 8938 – CEO Mike Chou
Stock Code：8938 2024.12.26 CEO, Mike Chou
Slide 2: Disclaimer
Disclaimer • This presentation may contain information and statements of a forward looking nature concerning the future performance. These are based on assumptions and uncertainties as well as on management's best possible evaluation of future events. Actual results may differ and will be disclosed
Slide 3: Agenda
Agenda • About Advanced • Our Products • Financial Performance • Recent Major Events • Market Information • Growth Drivers • ESG
Slide 4: About Advanced
About Advanced • Leading position • One of the world’s largest OEMs for leading golf brands. • One-Stop shop: provide from golf heads, golf shafts to golf balls. • Diversified business: The application of composite products across sports, smart devices, and automotive. • Established in 1987 Taiwan •
Slide 5: About Advanced – Global facilities
About Advanced • Global facilities China Taiwan Since 1989 Since 1987 LY HuangChu ChungLin ChungLin II Golf head / shaft / Composite products HQ / RD / Sales / Carbon wheel club Golf head manufacture KG I HoFa Composite RD/ PPG / TP / TS Vietnam Composite products Since 2004 VN I VN II KG II Golf he
Slide 6: Our Products
Our Products • Golf Products • Composite Products 85~90% 10~15% Sales by Segment
Slide 7: Financial Performance-YTQ3
Financial Performance-YTQ3 YTQ3 revenue YTQ3 EPS (NTD) (bn.) 9.8bn 4.84 6 4 4.98 3.02 3 5 2.32 3.78 2 4 3.63 1.87 3.11 3.14 1 1.14 2.88 3 2.58 0.32 0 2 -0.5 -1 1 -2 -2.8 0 -3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2023 2024 Revenue Q3 YoY +11.44% EPS YTQ3 YoY +2,588.89% Revenue YTQ3 YoY -8.18%
Slide 8: Financial Performance-2024
Financial Performance-2024 (NTD) (bn.) Jan. ~ Nov. revenue 2.00 -3.3% 1.77 1.75 1.62 1.62 1.58 1.60 1.37 1.28 1.30 1.21 1.19 1.15 1.20 0.98 0.99 1.01 0.94 0.94 0.92 0.93 0.95 0.86 0.84 0.84 0.82 0.80 0.40 0.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2024
Slide 9: Financial Performance - Dividend
Financial Performance - Dividend • Stable dividend distribution – consecutive dividend payments for 22 years since IPO 320% 9 8.97 150% 8 125% 7 6 5.5 100% 5 79% 75% 4 54% 55% 50% 52% 51% 53% 3 2.6 2.7 50% 2.2 2.3 2 1.6 1.3 25% 1 0 0% 2016 2017 2018 2019 2020 2021 2022 2023 Cash Payout 現金股利 股利發放率 di
Slide 10: Recent Major Events
Recent Major Events • Completion of Launch Tech’s 100% share conversion on 11/29 • The Paid-in capital after share conversion：$ NT 1.546 billions • In response to the capital increase and issuance of new shares, the conversion price of Advanced's third convertible bond (CB) is adjusted to NT$68.8. •
Slide 11: Market Information – U.S. golf market
Market Information U.S. golf market • After inventory adjustments last year, the U.S. golf market has shown a noticeable recovery during the traditional off-season (Q2-Q3) this year compared to 2023, with current inventory levels remaining healthy. Major brands achieved gains in the first three quar
Slide 12: Market Information – U.S. golf market
Market Information U.S. golf market • Age Composition of U.S. Golf Consumers • The age composition is balanced, which is positive for the long-term development of the industry. • 4-Day Work Week Trend as a Benefit for the Golf Industry • Some regions and companies in the U.S. have already implemente
Slide 13: Market Information
Market Information • 3C and Wearable Devices • China's economic downturn has led to weak sales in the 3C retail market. • The demand for carbon fiber (lightweight materials) in wearable devices from major brands remains high. • Carbon Fiber Sports Shoe Soles • The application of carbon fiber soles i
Slide 14: Growth Drivers
Growth Drivers The SEMA Show 2024.Nov. • Automotive carbon wheels / rims • already have AM clients • strategic alliance with a well-known European wheel brand • OE clients in the developing stage • Automotive carbon parts • has entered one major German brand’s supply chain • has entered one major Ja
Slide 15: ESG
ESG Corporate Governance Evaluation Waste Generated (tons / million revenue) A+ 0.25 A A A 0.22 A 0.20 0.17 0.15 0.11 0.10 0.05 2019 2020 2021 2022 2023 0.00 A+：top 5% 2021 2022 2023 A ：6%~20% Water Consumption CO2 emission (tons / million revenue) (CO2 tons / million revenue) 5.00 1.5 4.12 4.00 1.0
Slide 16: ESG
ESG • Eco-friendly solutions for clients • Environmental Friendly: application of biomass materials (fibers and resins) • Recycling: carbon fiber recycling technology and product applications • Easily breaks down: Thermoplastic composites • Low Energy and Low Emission: low energy consumption product
Slide 17: Q&A • IR contact
Q&A • IR contact: Spokesperson: Mike Chou (CEO) Acting spokesperson: YM Kuo (CFO) Jimmy Liu (Deputy Manager) +8867-872-1410 www.adgroup.com.tw
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