Faraday Technology Corp. · TWSE:3035
Faraday Technology — Q1 2024 Earnings Presentation
11 slides from Faraday Technology's earnings presentation, Apr 23, 2024
Slide 1: 2024 1Q Investor Conference
2024 1Q Investor Conference April 23, 2024 Confidential
Slide 2: Agenda
Agenda • 1Q24 Financial Results • Business Update Confidential 2
Slide 3: 1Q24 Financial Results
1Q24 Financial Results 3
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$ Million 1Q24 4Q23 1Q23 QoQ % YoY % Revenues 2,579 2,824 3,262 -8.7% -21.0% IP 329 347 382 -5.2% -13.9% NRE 627 298 617 110.8% 1.6% MP 1,623 2,179 2,263 -25.5% -28.3% Gross Profit 1,200 1,297 1,458 -7.5% -17.7% Operating Expenses (883) (840) (808) 5.2% 9.3
Slide 5: Condensed Balance Sheet
Condensed Balance Sheet Unit: NT$ Million 2024/3/31 2023/12/31 Cash and Cash Equivalents 9,940 5,715 Notes and Accounts Receivable 886 1,559 Inventories 956 1,187 Total Assets 18,138 13,418 Notes and Accounts Payable 1,094 999 Current Liabilities 3,507 3,236 Total Liabilities 4,201 3,564 Stockholder
Slide 6: Business Update
Business Update 6
Slide 7: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method NT$ M 100% 12% 12% 11% 12% 13% 3,500 90% 11% 11% 3,000 80% 17% 19% 24% 2,500 70% 2,000 60% 1,500 50% 1,000 40% 78% 77% 69% 71% 500 63% 30% 0 20% 1Q23 1Q23 2Q23 2Q23 3Q23 3Q23 4Q23 4Q23 1Q24 1Q24 IP 382 343 330 347 329 10% NRE 617 489 321 298 627 0% MP 2,263 2,085 2,
Slide 8: NRE/MP Breakdown by Application
NRE/MP Breakdown by Application NRE MP 100% 3% 100% 10% 10% 10% 7% 10% 8% 7% 10% 11% 90% 90% 26% 80% 19% 20% 80% 31% 31% 34% 38% 70% 41% 70% 48% 60% 57% 60% 25% 50% 40% 40% 50% 40% 40% 24% 48% 45% 53% 30% 30% 49% 13% 45% 38% 20% 20% 30% 31% 10% 25% 10% 20% 14% 11% 8% 6% 4% 0% 0% 1Q23 2Q23 3Q23 4Q23
Slide 9: NRE/MP Breakdown by Technology
NRE/MP Breakdown by Technology NRE MP 100% 1% 1% 100% 1% 1% 1% 1% 13% 12% 9% 10% 6% 90% 7% 90% 27% 25% 27% 80% 11% 10% 15% 80% 36% 39% 20% 19% 70% 70% 16% 21% 60% 19% 60% 45% 36% 50% 50% 46% 46% 35% 40% 40% 39% 68% 30% 60% 30% 54% 50% 20% 28% 15% 15% 20% 16% 32% 11% 10% 10% 13% 13% 11% 11% 8% 0% 0%
Slide 10: Confidential information and Legal notice
• Confidential information The material is being disclosed to you pursuant to a non-disclosure agreement between you or your employer and Faraday. Information disclosed in this presentation may be used only as permitted under such an agreement. • Legal notice The information contained in this presen
Slide 11: www.faraday-tech.com [email protected]
www.faraday-tech.com [email protected] 11