Good Way Technology Co., Ltd. · TPEX:3272

Good Way Technology — Q3 2024 Earnings Presentation

65 slides from Good Way Technology's earnings presentation, Nov 19, 2024

Slide 1: Good Way Technology 2024 Corporate Briefing
Good Way Technology Co., Ltd. 2024 Corporate Briefing (2024/11/19) Accounting Manager Finance Manager CFO & Spokesperson Deputy Spokesperson Henry Kuo Sabina Lee Gen Shueh Coco Lai © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved.
Slide 2: Legal Notices and Disclaimers
Legal Notices and Disclaimers The information in this document is confidential to the person to whom it is addressed and should not be disclosed to any other person. It may not be reproduced in whole, or in part, nor may any of the information contained therein be disclosed without the prior consent
Slide 3: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements which are subject to uncertainties and significant risks prone to alter with changing corporate priorities, the timely launch of new products, industry, and economic & political trends. Possible disruptions in commercial act
Slide 6: About the Company
GOOD WAY TECHNOLOGY 3272.Tpex (2014.8.26) About the Company 1993 Robert Tsao Taiwan > 1100 NTD611mn > 100 TW/CN/VN USA/CHN Inception Chairman HQ Location Number of Staff Paid in Capital RD Staff Factory Locations Sales Offices © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 6
Slide 7: Business Scope & Key Products
Business Scope & Key Products Good Way is a professional ODM manufacturer, covering everything from Business Scope product design, production, testing, sales to after-sales service. Good Way focuses on the computer peripherals industry. Its main Key Products products currently include expansion dock
Slide 8: Global Presence
Global Presence Corporate HQ Sindian Est. 1993 North America Office California China Office Shanghai Est. 1990 Est. 2008 Taiwan Factory Xizhi Est. 2022 China Factory Kunshan Est. 2019 Vietnam Factory Thai Binh Est. 2025 © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 8
Slide 9: About the Factories
About the Factories Kunshan Factory Taipei Factory Vietnam Factory Location Kunshan, China Xizhi, Taiwan Thai Binh, Vietnam Date of Inception April, 2001 December, 2021 November, 2023 Land Size 49,081m2 7,181m2 50,000 m2 Number of Staff > 550 人 > 300 人 (E) > 600 人 ISO9001/14001/45001 ISO9001/14001 N
Slide 14: Innovation and R&D Excellence
d&i Award Innovation and R&D Excellence INDEX Continuously developing new products, new applications, and exploring all technological advancements © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 14
Slide 15: Participation in International Standards
Participation in International INDEX Standards Creating Optimal Compatibility and Latest Technology Specification for our Products and Solutions © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 15
Slide 16: Stringent Certification and Compliance Requirements
Stringent Certification Certificate Compliance Articles and Compliance TUV EN62368-1 INDEX Requirements FCC Class A & Class B / Part 15B / Part 15C EN55022 / EN55035 / EN61000 / EN55015 / EN61547 / EN300220 / EN300328 CE EN301489-17 / EN301489-1 / EN30148-3 / EN302065 / EN62479 No Compromise on Safe
Slide 18: Why is there Demand for Docking Stations?
Why is there Demand for Docking Stations? Do you still remember this Age in time? 18 © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 18
Slide 21: Main Focus: Docking Stations
Main Focus：Docking Stations Online Meeting, Education Wired Network Multiple Screen Extension  Power Bus Interface Expansion ➔ ▪ USB4 / Thunderbolt 5 ▪ USB-C / USB3.X Unlimited possibilities with One Single Connection Storage Media, Keyboard, Mouse, Printer Phone/Tablet Quick Charge 21 © Copyright
Slide 23: Industry Size and Outlook
Industry Size and Outlook Research Institute Base Year Forecast Year CAGR 2024 2037 Research Nester USD1.77bn USD3.73bn 6.3% 2024 2031 Verified Market Research USD1.21bn USD1.82bn 5.2% 2024 2034 Future Market Insight USD1.7bn USD3.0bn 6.1% 2023 2033 Spherical Insights USD1.5bn USD2.2bn 3.9% 2023 203
Slide 24: Devices that can be used with Docking Stations
Devices that can be used with Docking Stations 2023 Output • NB：188mn sets • Tablets：128mn sets • Smart Phones：1.17bn sets © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 24
Slide 25: Vertical Structure
Vertical Structure Upstream Midstream Downstream IC Components EE Components Corporate Mechanical Parts Government Packaging Education Power Parts Good Way Customer Medical Heat Dissipation Finance Connectors Personal Use PCBs SI Converters Others © Copyright Good Way Technology Co., Ltd. 2024. All
Slide 26: Product Development Trends
Product Development Trends Size: Smaller, Thinner Function: Single → Multiple Data Speed: Faster Price: Range → Cheaper Internet Speed: Higher Characteristic: HW only → HW + SW Resolution: Higher Material Build: More Environmental Friendly Monitor Support: More Transmission Mode: Wired → Wireless ©
Slide 27: Competition
Competition Customers prioritize on quality. Main Players are system houses. PC Brand Characterized by: Limited Models, Large Quantities. Lower Gross Margins. Customers prioritize on variation and price. Main players are non-system houses. Channel Brand Characterized by: Numerous Models, Small Quant
Slide 30: Market & Production- Sales Overview
Market & Production- Sales Overview 2024 Q3 YTD Product Mix is Mainly Composes of Docking Stations 2% Value 2% 1% Quantity 2% 6% 9% 14% 4% 67% 93% Docks Video Converter Hub Adapters Others Docks Video Converter Hub Adapters Others © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved.
Slide 31: 2024 QoQ Simple Income Statement
2024 QoQ Simple Income Statement (NTD ‘000) Q1 Q2 Q3 Q3 YTD Avg. GP Rate of 2024 Q3 Revenue 700,525 661,822 645,721 2,008,068 YTD = 10.21% Cost of Goods Sold (631,913) (586,925) (584,269) (1,803,107) Vs. Gross Profit 68,612 74,897 61,452 204,961 Operating Expenses (116,592) (132,559) (128,360) (377,
Slide 32: 2024 YoY Q3 Simple Income Statement
2024 YoY Q3 Simple Income Statement (Rev: NTD ‘000) 2023 Q3 2024 Q3 2023 Q3 YTD 2024 Q3 YTD Revenue 680,236 645,721 Revenue 2,340,179 2,008,068 Cost of Goods Sold (640,691) (584,269) Cost of Goods Sold (2,308,835) (1,803,107) Gross Profit 39,545 61,452 Gross Profit 31,344 204,961 Operating Expenses
Slide 33: 2024/9/30 Simple Balance Sheet
2024/9/30 Simple Balance Sheet (Rev: NTD ‘000) Consolidated Simple Balance Sheet of September 30, 2024 Cash and Cash Equivalents 824,598 Short-term Loans + Current portion of Long Term-Liabilities 262,779 Net Accounts Receivables 744,962 Accounts Payable 734,934 Inventory 868,031 Refund Liabilities
Slide 34: 2024/9/30 Simple BS Comparison
2024/9/30 Simple BS Comparison (Rev: NTD ‘000) 2024/9/30 2023/12/31 2023/9/30 Current Assets 2,541,984 2,546,951 2,887,106 Non-Current Assets 1,820,397 1,669,798 1,695,571 Total Assets 4,362,381 4,216,749 4,582,677 Current Liabilities 1,446,622 1,472,546 2,297,105 Non-Current Liabilities 1,392,440 1
Slide 35: 2022-2024 Revenue by Quarter
2022-2024 Revenue by Quarter (NTD ‘000) 3,000,000 Revenue (NTD '000) 2,567,931 2,500,000 2,000,000 1,885,894 1,500,000 1,183,273 1,162,942 1,000,000 887,752 772,191 680,236 690,534 700,525 661,822 645,721 500,000 0 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024
Slide 36: 2022-2024 Gross Profit by Quarter
2022-2024 Gross Profit by Quarter (NTD ‘000) Gross Profit (NTD '000) 450,000 400,000 388,484 354,736 350,000 300,000 250,000 200,000 150,000 100,000 74,897 68,612 61,452 48,078 40,383 39,545 39,249 50,000 25,487 0 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q
Slide 37: 2022-2024 Operating Expenses by Quarter
2022-2024 Operating Expenses by Quarter (NTD ‘000) Operating Expenses (NTD '000) 160,000 148,037 143,327 140,000 132,559 125,333 128,360 120,382 123,269 119,496 116,592 120,000 116,165 116,183 100,000 80,000 60,000 40,000 20,000 0 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024
Slide 38: 2022-2024 Net Profit (Loss) by Quarter
2022-2024 Net Profit (Loss) by Quarter (NTD ‘000) Net Profit after Tax NTD('000) 250,000 194,300 196,801 200,000 150,000 100,000 50,000 0 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 (50,000) (56,510) (49,915) (59,232) (66,832) (65,460) (100,000) (8
Slide 39: 2018-2024 YTD Q3 Revenue & EPS
2018 - 2024 YTD Q3 Revenue & EPS (NTD ‘000; EPS: NTD) 7,000,000 6,800,040 10.00 8.00 6,000,000 5,099,949 5,102,426 6.00 4,914,376 5,000,000 4,683,143 4.00 3.47 3.73 4,000,000 2.00 2.44 2.04 3,030,713 3,000,000 0.00 0.58 2,008,068 (2.00) 2,000,000 (2.98) (4.00) 1,000,000 (6.00) (6.13) - (8.00) 2018 2
Slide 40: Important Financial Indicators
Important Financial Indicators Item 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 Debt to Asset Ratio 57.29% 57.28% 62.47% 63.03% 64.12% 65.12% 65.08% Long-term Funds to Fixed Assets Ratio 166.28% 154.79% 155.35% 193.03% 217.53% 208.88% 200.63% Current Ratio 144.73% 138.97% 125.68% 172.96%
Slide 41: Dividend Policy
Dividend Policy The dividend policy is based on the environment and growth stage (to address future funding needs, long-term financial planning, and to meet shareholders' cash flow requirements). Dividends will be allocated from distributable earnings based on future operating conditions. Shareholde
Slide 42: Capital Expenditure
Capital Expendition Mainly PC, Testing Equipment VN Factory (Mainly Land, Construction, Equipment) KS Factory NTD 7.45mn Land VND 107,827,950,000 TPE Factory NTD 1.24mn Construction VND 172,000,000,000 Others NTD 0.82mn Electrical System VND 46,268,000,000 Supervision VND 3,300,000,000 Interior Deco
Slide 44: 2025 Outlook
2025 Outlook Focus on developing products with higher value and specifications. Operating Strategy Integrate Software into Hardware and to incorporate AI product features. Leverage high computational demands of AI powered PCs to develop smarter solutions. Opportunities & Challenges Reduce costs to a
Slide 45: Global Patent Deployment
Global Patent Deployment 45 Patents Granted and under maintenance ; 14 under Patent Pending Status UK Granted Pending 1 0 USA EU Patent Office China Granted Pending Granted Pending Granted Pending 23 7 1 3 6 4 Taiwan Granted Pending 14 0 © Copyright Good Way Technology Co., Ltd. 2024. All Rights Res
Slide 47: Corporate Governance Status
Corporate Governance Status https://www.goodway.com.tw/tw/investor/company/Governance_Implementation/Implementation_Status © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 47
Slide 51: Small Giants Award (by CommonWealth Magazine)
Small Giants Award (by CommonWealth Magazine) • 2018 Commonwealth CSR Citizenship Award #10 • 2020 Commonwealth CSR Citizenship Award #17 • 2024 Commonwealth CSR Citizenship Award #18 Outstanding accomplishment of winning 3 times in the past 6 years. © Copyright Good Way Technology Co., Ltd. 2024. A
Slide 52: Caring for Employees, Cherishing Society
Caring for Employees, Cherishing Society • Hosting Family Tour Days • Holding Lectures and Sharing Sessions • Diversified Club Activities • Creating Healthy Workplace and Fitness Programs • Promoting Family Education • Supporting Rural Areas and Disadvantaged Groups • Providing Student Programs • Bl
Slide 53: KS Factory is using Solar Energy
KS Factory is using Solar Energy 2024 (Q3) Stats - Output: 949,86kwh - Supply: 40.2% of Electricity Usage - Contribution: Decreased 541 tons of CO2e © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 53
Slide 56: Vietnam Factory Under Construction – Bird's View
Vietnam Factory Under Construction – Bird’s View Gate Office Factory Cantine Warehouse 2nd Phase Factory Motorcycle Parking Space Firefighting Main Power Water Pool Room © Copyright Good Way Technology Co., Ltd. 2024. All Rights Reserved. 56
Slide 63: Recent Major Events
Recent Major Events 2024 Events Q1 Issuance of NTD300mn CB3 Q1 Beginning construction works on Vietnam Factory Q2 Completed Carbon Footprint of a Product Q2 Awarded 1.5C Certification by CommonWealth Magazine Q2 Re-election of Board Members Q3 Completed 3rd party verification of ESG Report Q3 Comple

Good Way Technology — Q3 2024 Earnings Presentation on 6ix

Good Way Technology — Q3 2024 Earnings Presentation

Slide 1: Good Way Technology 2024 Corporate Briefing

Slide 2: Legal Notices and Disclaimers

Slide 3: Safe Harbor Notice

Slide 4: INDEX

Slide 5: INDEX

Slide 6: About the Company

Slide 7: Business Scope & Key Products

Slide 8: Global Presence

Slide 9: About the Factories

Slide 10: Product Lines

Slide 11: Customer Category

Slide 12: Leading the Market with Technology

Slide 13: Our Customers sell in their Stores

Slide 14: Innovation and R&D Excellence

Slide 15: Participation in International Standards

Slide 16: Stringent Certification and Compliance Requirements

Slide 17: INDEX

Slide 18: Why is there Demand for Docking Stations?

Slide 19: Times & Trends Change Rapidly

Slide 20: Times & Trends Change Rapidly

Slide 21: Main Focus: Docking Stations

Slide 22: Work Performance in Increased by 42%

Slide 23: Industry Size and Outlook

Slide 24: Devices that can be used with Docking Stations

Slide 25: Vertical Structure

Slide 26: Product Development Trends

Slide 27: Competition

Slide 28: INDEX

Slide 29: Revenue Composition

Slide 30: Market & Production- Sales Overview

Slide 31: 2024 QoQ Simple Income Statement

Slide 32: 2024 YoY Q3 Simple Income Statement

Slide 33: 2024/9/30 Simple Balance Sheet

Slide 34: 2024/9/30 Simple BS Comparison

Slide 35: 2022-2024 Revenue by Quarter

Slide 36: 2022-2024 Gross Profit by Quarter

Slide 37: 2022-2024 Operating Expenses by Quarter

Slide 38: 2022-2024 Net Profit (Loss) by Quarter

Slide 39: 2018-2024 YTD Q3 Revenue & EPS

Slide 40: Important Financial Indicators

Slide 41: Dividend Policy

Slide 42: Capital Expenditure

Slide 43: INDEX

Slide 44: 2025 Outlook

Slide 45: Global Patent Deployment

Slide 46: INDEX

Slide 47: Corporate Governance Status

Slide 48: ESG Initiatives began in 2024

Slide 49: Social Responsibility

Slide 50: CSR and ESG Reports

Slide 51: Small Giants Award (by CommonWealth Magazine)

Slide 52: Caring for Employees, Cherishing Society

Slide 53: KS Factory is using Solar Energy

Slide 54: Taipei Factory is located in an Eco-Friendly Building

Slide 55: Vietnam Factory Schematics

Slide 56: Vietnam Factory Under Construction – Bird's View

Slide 57: Vietnam Factory Completion by 2025 Q1(E)

Slide 58: Good Way: ISO 9001 / 14001

Slide 59: Taipei and KS Factory both have RBAs Granted

Slide 60: KS Factory Granted Factory of Choice

Slide 61: KS Factory: ISO 14064 / 50001 / 45001

Slide 62: Taipei Factory: ISO 14064 / 50001 / 45001

Slide 63: Recent Major Events

Slide 64: INDEX

Slide 65: THANK YOU !