Cryomax Cooling System Corp. · TWSE:1587
Cryomax Cooling System — Q2 2022 Earnings Presentation
17 slides from Cryomax Cooling System's earnings presentation, Oct 5, 2022
Slide 1: Cryomax Cooling System Corp. 2022 Q2 Operating Results
Cryomax Cooling System Corp. 2022 Q2 Operating Results Stock Code 1587
Slide 2: Disclaimer
Disclaimer • This presentation contains insights into future operations. Opinions of future operations are based on many assumptions. Some of them are likely to be beyond the company’s control such as changes of economy trend. Therefore, forecasts mentioned in the report may have risks and uncertain
Slide 3: Agenda
Agenda I Company Profile Ⅱ Financial Reports Ⅲ Future Prospect
Slide 4: I Company Profile
I Company Profile
Slide 5: Company Profile
Company Profile Established on August 22, 1984 Paid-in Capital TWD NT $686,244,490 Company Name Cryomax Cooling System Corporation Employees 680 employees Chairman Andy Liu No.28 Gongqu Rd., Fangyuan Township, Changhua County , Headquarter Taiwan Subsidary China, United States & Mexico Specializes i
Slide 6: Milestones
Milestones 1984 Formation of Cryomax, start the production for copper radiator 1990 Tooling Center Established 1994 Approval from Military, and start supplying for military vehicles including Hummer 1999 Establishment of complete Aluminum Radiator Manufacturing Establishment of China Facto
Slide 7: Organization
Organization Cryomax Group Cryomax Taiwan Cryomax DongGuan Cryomax Nanjing Cryomax USA Date of Establishment: Date of Establishment: Date of Establishment: Date of Establishment: 8-22-1984 04-10-2006 05-29-2013 05-15-2006 Headquarter Manufacturing Center Marketing Center (U.S.) Tooling Center and R&
Slide 8: Cryomax Market's Position
Cryomax Market’s Position S u p p l i e r DENSO and other OE manufacturers High Price (Subcontract manufacturing (OES) to Cryomax) DENSO(Subcontract Middle Price manufacturing to Cryomax) / (AM) Taiwan Cryomax (Cryomax own brand) Competitors in China Low Price (AM) /Cryomax Nanjing (One stop product
Slide 9: II Operation Overview
II Operation Overview
Slide 10: Financial Results
Financial Results Currency: TWD NT Thousands；% Year 2020 2021 2022 Q2 Item Operating revenue 1,725,729 2,353,243 1,305,038 Gross profit (loss) 449,050 531,651 304,281 Gross Margin (%) 26.02% 22.59% 23.32% Net operating 131,413 156,726 87,544 income (loss) Operating 7.61% 6.66% 6.71% Margin(%) 2.52 E
Slide 11: Revenue growth trend in 2022
Revenue growth trend in 2022 Unit: (NT Thousands) 300,000 250,000 200,000 150,000 100,000 2020 50,000 2021 2022 - Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2020 128,019 94,524 131,974 106,226 105,127 162,049 155,055 163,865 193,477 186,584 156,165 142,664 2021 173,964 160,643 200,002 221,466 1
Slide 12: Proportion of revenue by region
Proportion of revenue by region 2020 2021 2022 Q2 Amount Amount Amount % % % (NT Thousands) (NT Thousands) (NT Thousands) America 1,171,777 67.90 1,694,731 72.02 922,808 70.71 Taiwan 244,360 14.16 238,119 10.12 122,453 9.38 Asia 195,183 11.31 245,751 10.44 167,793 12.86 Middle East 40,489 2.35 99,34
Slide 13: III Future Prospect
CRYOMAK Future Prospect
Slide 14: Capacity planning of third production site in Mexico; radiators for electric vehicles
• Capacity planning of the third production site in Mexico; • Company's layout of radiator under the trend of electric vehicle;
Slide 15: Mexico production base layout planning
Mexico production base layout planning 1. Radiator production and sales in the last two years Unit：PCS 2020 2021 2022 Q1~Q2 Production 1,391,466 1,726,129 1,008,834 sales 1,298,058 1,840,522 929,519 2. The capacity of Taiwan and Nanjing plant will reach 100,000 PCS per month by the end of the year.
Slide 16: Company's layout of the radiator under the trend of electric vehicles
Company's layout of the radiator under the trend of electric vehicles Does the electric vehicle use radiator? • A. It has not been decided whether the batteries of electric vehicles use radiator. MAKE Applications Product NISSAN 11-12 NISSAN Leaf A/T radiator HONDA 13-14 Honda Fit EV Electric A/T ra
Slide 17: Thank you for your patience.
Thank you for your patience.
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