Seoul Viosys Co., Ltd. · KRX:092190

Seoul Viosys — Q1 2023 Earnings Presentation

15 slides from Seoul Viosys's earnings presentation, May 10, 2023

  1. Slide 1: 1Q 2023 Investor Briefing

    Make the World Cleaner, Healthier, Safer and more Beautiful with Light 1Q 2023 Investor Briefing IR team 2023.05.10 [주의]본 자료에 포함된 실적은 K-IFRS 연결 기준입니다.또한 본 자료는 미래에 대한 “예측정보”를 포함하고 있습니다. 이는 과거가 아닌 미래의 사건과 관계된 것으로 회사의 향후 예상되는 경영현황 및 재무실적을 의미하고 표현상으로 ‘예상’, ‘전망’, ‘계획’, ‘기대’ 등과 같은 단어를 포함합니다.“예측정보”는 그 성격상

  2. Slide 2: 1Q 2023 Financial results

    Ⅰ 1Q 2023 Financial results

  3. Slide 3: Agenda

    Agenda I. 1Q 2023 Financial results II. 2Q 2023 Sales outlook III. Appendix

  4. Slide 4: 1. Sales & Profit

    I. 2022 4Q Financial results 1. Sales & Profit ⚫ QoQ, sales decreased by 8.3% (KRW 10.1 billion), but YoY sales increased by 16.3% (KRW 15.6 billion) ⚫ Operating margin recorded -17.8%, similar to the previous quarter, and EBITDA margin, a cash generation performance, increased by 1.5% Sales Operati

  5. Slide 5: 1. Sales & Profit - WICOP

    I. 2022 4Q Financial results 1. Sales & Profit - WICOP ⚫ WICOP RGB one pixel, which won the Innovation Award at CES 2023, is growing. ⚫ Sales portion as of 1Q 2023, WICOP is 28% and sales are on the rise. ⚫ YoY, WICOP sales increased by 42.5% (KRW 9.4 billion), including WICOP base RGB one Pixel Mic

  6. Slide 6: 2. R&D, SG&A expense

    I. 2022 4Q Financial results 2. R & D, SG&A expense ⚫ ROI R&D investing ⚫ Q4`2022 Loss of R&D intangible assets was the reason for the increase of R&D expenses ⚫ SG&A expenses increased by KRW 2.2 billion but expected to decrease due to expense reduction activities R&D 판매관리비(R&D포함) (billion KRW,%) (

  7. Slide 7: 3. Factory efficiency

    I. 2022 4Q Financial results 3. Factory efficiency ⚫ The factory operation rate is 58% after bottoming out at 52.6% in the 3Q of 2022. ⚫ Factory utilization rate decreased by 6% from 64% compared to the previous quarter ⚫ CAPEX was only KRW 2.4 billion in the previous quarter. Because of advanced CA

  8. Slide 8: 4. Strategy

    I. 2022 4Q Financial results 4. Strategy ⚫ Expansion of UV LED applications (home appliances, industrial, automobile, curing) ⚫ WICOP = No Wire, No PKG, No Lens & No 3chips/ Cost reduction of more than 45% ⚫ Expand application of WICOP-based laminated RGB one pixel Micro LED U$ 0.5B U$ 1.6B Home App

  9. Slide 9: 2. World 1st, WiCOP Based Micro LED

    III. 성장 모멘텀 2. World 1st , WiCOP Based Micro LED Copyright ⓒ Seoul Viosys Co., Ltd. 9 www.seoulviosys.com

  10. Slide 10: II 2Q 2023 Outlook

    II 2Q 2023 Outlook Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  11. Slide 11: 5. 2Q 2023 Guidance

    II. 2022 2Q Outlook 5. 2Q `2023 Guidance 2Q 2023, we expect to achieve sales of KRW 120 billion to KRW 135 billion, from 7.9% to 21.4% compare with the previous quarter. In case of YoY, sales may increase by 3.0% to 13.7%. Wicop- based LEDs which won the Innovation Award at CES last year, may lead t

  12. Slide 12: Q&A

    Q&A “For 20 years” Only LED Copyright ⓒ Seoul Viosys Co., Ltd. 12 www.seoulviosys.com

  13. Slide 13: III Appendix

    III APPENDIX Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  14. Slide 14: #1. BS ratio analysis

    Appendix #1. BS ratio analysis BS summary BS ratio analysis (billion KRW) ( %) Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Asset 7,875 8,162 8,359 7,560 7,739 72.9% 71.6% 73.2% 73.3% Current asset 2,133 2,234 2,204 2,191 2,206 Current ratio 67.0% Cash & 54 162 49 119 247 Inventory 1,

  15. Slide 15: #2. BSPL summary (~2023.1Q)

    Appendix #2. BSPL summary (~2023.1Q.) Finaancial Information FY2022 FY2021 FY2020 Yearly (unit: million KRW) Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 2023 2022 2021 2020 [Income Statement] Sales 111,244 121,302 105,326 116,522 95,642 105,196 130,551 131,161 121,769 120,485 120,661 103,235 86,901 111,2

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