11 slides from Integrated Micro-electronics's earnings presentation, May 10, 2024
Slide 1: IMI Analyst Briefing 2024 Q1
IMI Analyst Briefing 2024 Q1 May 10, 2024 Online
Slide 2: Financials
Financials
Slide 3: 2024 Q1 Segment Updates
2024 Q1 Segment Updates ➢ Automotive: • 2024 global automotive growth to be driven by 21% increase for EV’s as compared to 3% for total passenger car sales • Despite slower than expected first quarter in 2024, OEMs and +4.5% Tier 1’s mostly reaffirming full year revenue guidances • Ramp up of new bu
Slide 4: 2024 Q1 Region Updates
2024 Q1 Region Updates ➢ Philippines: '23 Q1 '24 Q1 Y/Y% • Trend of slow ordering from industrial end-consumers continues. PH 77.8 56.3 -28% Inventory across the whole Supply chain still above ideal levels • $4.3M of order backlogs mostly from lingering pockets of CN 63.3 56.5 -11% component shortag
Slide 5: Group Program Wins
2024 Q1 Group Program Wins Win Location - 2024 - 0% 13% 61 43 - 11% 18 14 9 23 75% 2023 2024 Mobility Industrial Others Philippines China E. Europe MX *Wins in US$ of Annual Revenue Potential Win Location - 2023 Notable Wins in 2024 14% LED Lighting Industrial Bulgaria Automotive HVAC Mobility Bulga
Slide 6: Performance (Non-GAAP)
2024 Q1 Performance (Non-GAAP) Revenue and Gross Profit Margin Operating Income 8.5% 9.6% 10.1% 8.0% 2.2% 1.3% 420 11. 0% 12.0 8.5% -0.1% -0.1% 370 9.0 % -0.4% 7.7 7.0 320 4.6 7.0 % (0.4) (1.1) (0.4) 270 2.0 5.0 % 220 170 3.0 % (3 .0) '23Q1 '23Q2 '23Q3 '23Q4 '24Q1 120 1.0 % (8 .0) 347 345 341 293 29
Slide 7: Capital Structure
Capital Structure Long Term Long Term Debt Debt 23% 24% Common Common Equity Equity Dec 44% Mar 44% Short Term 2023 Short Term 2024 Debt Debt 33% 32% Dec Mar Dec Mar (US$ Millions) Key Financial Ratios 2023 2024 2023 2024 Short-Term Debt 209.7 194.9 Current ratio 1.43 1.43 Long-Term Debt 146.7 145.3
Slide 8: Disciplined Capital Investments
Disciplined Capital Investments 31.0 27.3 5.9 12.2 21.2 $5.9M 18.7 4.8 3.8 2.2 7.7 2024 Q1 2.1 3.8 3.1 1.8 6.4 2.3 3.1 4.7 3.7 4.3 2.8 8.8 2.5 1.9 Buildings………....…..… .........5% Machinery………..….….........23% 3.3 2.4 3.7 Furn & Fix………...............……5% Constr. in progress….....…..49% 2020 2021 202
Slide 9: Executive Summary
Executive Summary • Automotive market continues to be driven by European and Chinese regions. Positive trend in IMI financials despite softer market outlook which should continue to improve later in the year • Industrial market still stunted by slowdown of end-consumer demand. Lower levels of orderi
Slide 10: New Leadership
New Leadership Louie Hughes Robert Heese Chief Executive Officer Chief Financial Officer CONFIDENTIAL AND PROPRIETARY. Any use or dissemination of this material without the expressed written permission of Integrated Micro- Electronics Inc. and/or AC Industrial Technology Holdings Inc. is strictly pr
Slide 11: connect with us
00° 1191000110 ©010110 10 1 Ol connect with us