Promise Technology, Inc. · TWSE:3057
Promise Technology — Investor Conference 2023
15 slides from Promise Technology's conference presentation, Dec 28, 2023
Slide 1: PROMISE Technology Inc.(3057) 2023 Business Operation and Initiative
PROMISE Technology Inc.(3057) 2023 Business Operation and Initiative Speaker: James Lee, Chairman of PROMISE Technology Inc. Date: Dec. 28, 2023
Slide 2: Disclaimer of Liability
Disclaimer of Liability: The statements made by PROMISE Technology Ltd. regarding current status, expectations, and forecasts are forward-looking statements. Actual results may differ significantly from the content implied or expressed in these forward-looking statements due to known or unknown risk
Slide 3: Agenda
1 Status of Operation 2023 5 min AGENDA 2 2023 Challenges and Achievements 10 min (30 Minutes) 3 2024 Opportunities and Focus 10min 4 Conclusion / Q&A 5 min
Slide 4: Status of Operation
TECHNOLOGY STATUS OF OPERATION
Slide 5: Company Profile
Company Profile • PROMISE Technology, Inc. (PROMISE Technology, Inc., Founded stock symbol: 3057) was founded in 1988 in California, San Jose, USA , Dec. 1988 IPO in Taiwan, Dec., 2002 USA. With a deep focus on the storage industry for 35 years, it has gained recognition in global markets. • The com
Slide 6: Sales Revenue
Sales Revenue Sales Revenue, 2023 vs. 2022 In millions (NT$)
Slide 7: Income Statement
Income Statement Income Statement, 2023 vs. 2022 by Quarter In millions (NT$) 2022 2023 Income Statement Q1~Q3 (Unit:NT$M) Q1 Q2 Q3 Q4 Q1 Q2 Q3 variance Net Sales 270 265 206 149 152 133 149 (308) Gross Margin 90 98 75 59 61 49 54 (101) % 33% 37% 36% 40% 40% 37% 36% 2.04ppt Total Operating Expenses
Slide 8: 2023 Challenges and Achievements
2023 CHALLENGES AND ACHIEVEMENTS
Slide 9: The Challenges in 2023
The Challenges in 2023 Major Challenges - I. The Impact of Supply Chain Imbalance in 2023 - Global inventory surplus leads to order stagnation. II. The ongoing Russia-Ukraine war is contributing to global inflation - The decline of business demands in Europe, United States and Japan. III. The overal
Slide 10: The Achievements in 2023
The Achievements in 2023 Major Achievement – 1 – Simplify processes to enhance efficiency 2 – Launch a variety of innovative products 3 – Focus on marketing with an application-oriented approach
Slide 11: 2024 Opportunities and Focus
2024 OPPORTUNITIES AND FOCUS
Slide 12: 2024 Opportunities and Focus
2024 Opportunities and Focus A. Potential gradual global economic recovery and opportunities in Japan, India, and Southeast Asia - Increased demand post inventory destocking and inflation easing - The depreciation of the yen, coupled with strong exports, is driving growth in domestic demand for Japa
Slide 13: Conclusion
TECHNOLOGY CONCLUSION
Slide 14: Conclusion
Conclusion 1 Possible gradual recovery of the global economy in 2024, and gradually moving away from the economic downturn experienced in 2023 2 Implement key strategies, aiming to return to profitability in 2024 and sustain annual profit growth 2022
Slide 15: Thank You For Coming And Listening!
THANK YOU FOR COMING AND LISTENING! Any Question?