Viomi Technology Co., Ltd. · NASDAQ:VIOT
Viomi Technology — FY2024 Earnings Presentation
21 slides from Viomi Technology's earnings presentation, March 2025
Slide 1: 2H&FY 2024 Results Presentation
2H&FY 2024 Results Presentation March 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Viomi Technology Co., Ltd (“Viomi” or the “Company”) solely for informational purposes and does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an
Slide 3: Agenda
Agenda 1. Financial and Operating Highlights 2. Recent Developments 3. Appendix 3
Slide 4: 2H 2024 Financial Highlights
2H 2024 Financial Highlights (1) Net Revenues Net Income Cash Assets(2) RMB1,282.4 MM RMB56.8 MM RMB1,213.7 MM (+42.8% y-o-y) (Reversing losses in 2H 2023) Note 1. In August 2024, Viomi has completed a strategic reorganization, divesting the Company’s IoT@Home portfolio products (excluding range hoo
Slide 5: FY 2024 Financial Highlights
FY 2024 Financial Highlights Net Revenues Net Income Diluted EPS of Continuing Operations RMB2,119.0 MM RMB62.3 MM 0.70 (+29.3% y-o-y) (Reversing losses in 2023) (+25.0% y-o-y) 5
Slide 6: Financial Highlights (Cont.)
Financial Highlights (Cont.) Strong Performance Exceeded Expectation Revenues: E: 1.7B~1.9B A: 2.1B (RMB billion) Income from Operations: E: 110M~130M A:156M (RMB million) Note E: Estimated A: Actual
Slide 7: Growth in Home Water Systems Fueled Topline Expansion
Financial Highlights (Cont.) Growth in Home Water Systems Fueled Topline Expansion Revenue Contribution by Reclassified Product Category (RMB million) 342.9 277.7 236.1 220.0 324.7 136.7 131.5 1,498.4 181.2 1077.9 585.2 925.7 2H2023 2H2024 2023 2024 Home water systems Consumables Kitchen appliances
Slide 8: Achieved Massive Operational Turnaround
Financial Highlights (Cont.) Achieved Massive Operational Turnaround Net Income from Continuing Operations Net (Loss)/Income (RMB million) (RMB million) 144.7 116.5 119.0 62.3 56.8 2023H2 2024H2 2023 2024 (32.0) 2023 2024 (89.3) 8
Slide 9: Healthy Cash Position
Financial Highlights (Cont.) Healthy Cash Position Liquidity Position1 (RMB million) Short-term investments Short-term deposits 1,213.7 Cash and cash equivalents 72.5 115.0 402.2 1,026.2 18.5 177.3 206.4 2023 2024 Note 1. As of December 31, 2023 and 2024 respectively. 9
Slide 10: 2H 2024 Operating Highlights
2H 2024 Operating Highlights Recognition and Awards for Technological Excellence Continued Product Innovation with Increasing Patent Record Cumulative registered patents 1,752 Cumulative authorized patents 1,539 Cumulative registered patents for inventions 616 Note 1. As of December 31, 2024. 10
Slide 11: Recent Developments
Recent Developments
Slide 12: Our Corporate History and Roadmap
Our Corporate History and Roadmap 2024 2021 2022 Focus on Home Water 2017 2019 Product Portfolio Solutions, a fresh 2015 Developed Smart Kitchen Announced 5G + IoT Optimization and Brand Hosted 2022 AI Software start for the new Launch Event First Product Launch Product Portfolio Strategy Promotion
Slide 13: Strategic Business Reorganization
Strategic Business Reorganization Focusing on Home Water Solutions, Divesting Underperforming Businesses Our Misson AI for Better Water NASDAQ: VIOT Our Vision Global Water On August 31, 2024, the Company completed a strategic business reorganization, divesting underperforming segments to focus on h
Slide 14: Our AI Water Solution
Our AI Water Solution Holistic & Intelligent 2. Whole home softening /filtration solution 1. Under-sink RO Series Improvement from the point-of-entry • Fresh drinking water • Healthy mineral water 3. Countertop Products • Flexible scenarios: living room/ bedroom/ study room • Diversified drinking de
Slide 15: Global Leading, Integrated Water Purifier Gigafactory
Global Leading, Integrated「Water Purifier Gigafactory」 Four Major Capabilities ① ② Integrated & Comprehensive High Level of Automation Industrial Chain ③ ④ High-Standard Hygienic End-to-End Traceable Quality Production Control System 15
Slide 16: Recent Developments
Recent Developments October 15~19, 2024 November 05, 2024 Debuted at Canton Fair 2024 (Autumn), highlighting the Launched crowdfunding for V8 on Kickstarter with 168 strength of oversea products backers contributing over 1200% of the target December 16, 2024 January 7~10, 2025 The Vortex series was
Slide 17: Recent Developments
Recent Developments November 11, 2024 December, 2024 Ranked among the Top 10 on major online channels’ Lizi ranked No. 300 on the Top 500 of Manufacturing brand leaderboards Companies in Guangdong February, 2025 March 17, 2025 Established a strategic partnership with Malaysia's largest Upgraded the
Slide 18: Appendix: Selected Unaudited Financial Data
Appendix Selected Unaudited Financial Data
Slide 19: Selected Unaudited Income Statement Data
Selected Unaudited Income Statement Data For the Year Ended (in thousands) December 31, 2023 December 31, 2024 December 31, 2024 (RMB) (RMB) (USD) Net Revenues 1,638,736 2,118,982 290,299 Cost of revenues (1,116,720) (1,570,276) (215,126) Gross Profit 522,016 548,706 75,173 Operating expenses Resear
Slide 20: Selected Unaudited Balance Sheet Data
Selected Unaudited Balance Sheet Data As of December 31, 2023 As of December 31, 2024 As of December 31, 2024 (in thousands) (RMB) (RMB) (USD) Assets Current Assets Cash and cash equivalents 206,405 1,026,188 140,587 Restricted cash 18,922 141,292 19,357 Short-term deposits 177,268 115,014 15,757 Sh
Slide 21: Thank You!
Thank You! IR Contact: [email protected]