Compal — Interim / Quarterly Report 2024

Sep 20, 2024

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Compal Electronics, Inc. 2Q24 & 1H24 Consolidated Financial Results

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Aug 13, 2024

Save the earth…Please print out only when necessary

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Safe Harbor Notice

Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. These forward looking statements are not based on historical facts but rather on management’s expectations regarding future growth, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities. Statements in this presentation about our future plans and intentions, results, level of activities, performance, goals or achievements or other future events constitute forward looking statements. Wherever possible, words such as “anticipate”, “believe”, “expect”, “may”, “could”, “will”, “potential”, “intend”, “estimate”, “should”, “plan”, “predict”, or the negative or other variations of statements reflect current beliefs and and are based on the information available to our management’s assumptions currently management.

Investors are cautioned not to place undue reliance on these forward looking statements, which are made as of the date of this presentation, and we assume no obligation to update or revise any forward looking statements.

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Agenda

 Welcome

 2Q24 & 1H24 Financial Review

 Business Outlook

 Q&A

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Quarterly Revenue Mix

2Q23 Sales: $243.9Bn 1Q24 Sales: $199.6Bn 2Q24 Sales: $237.2Bn PC Units: 8.7Mn PC Units: 7.5Mn PC Units: 8.7Mn

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2Q24 Income Statement

NT$ Million		2Q 2024	2Q 2024		1Q 2024	1Q 2024	QoQ		2Q 2023	2Q 2023	YoY
Net Sales		237,209	100.0%		199,571	100.0%	19%		243,871	100.0%	-3%
Gross Profit		11,790	5.0%		9,789	4.9%	20%		10,604	4.3%	11%
OperatingExp		7,729	3.3%		6,951	3.5%	11%		7,844	3.2%	-1%
Operating Profit		4,061	1.7%		2,838	1.4%	43%		2,760	1.1%	47%
Non-OperatingItems		186	0.1%		134	0.1%	39%		415	0.2%	-55%
Pre-Tax Income		4,247	1.8%		2,972	1.5%	43%		3,175	1.3%	34%
Income Tax		961	0.4%		674	0.3%	43%		733	0.3%	31%
Net Income		3,286	1.4%		2,298	1.2%	43%		2,442	1.0%	35%
Net Income to Parent		2,881	1.2%		1,891	0.9%	52%		2,092	0.9%	38%
Minority		405	0.2%		407	0.2%	0%		350	0.1%	16%
EPS(NT$)		0.66			0.43		52%		0.48		38%

Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption

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1H24 Income Statement

NT$ Million		1H 2024	1H 2024		1H 2023	1H 2023	YoY
Net Sales		436,780	100.0%		453,329	100.0%	-4%
Gross Profit		21,579	5.0%		19,942	4.4%	8%
OperatingExp		14,680	3.4%		14,928	3.3%	-2%
Operating Profit		6,899	1.6%		5,014	1.1%	38%
Non-OperatingItems		320	0.1%		372	0.1%	-14%
Pre-Tax Income		7,219	1.7%		5,386	1.2%	34%
Income Tax		1,635	0.4%		1,259	0.3%	30%
Net Income		5,584	1.3%		4,127	0.9%	35%
Net Income to Parent		4,772	1.1%		3,485	0.8%	37%
Minority		812	0.2%		642	0.1%	26%
EPS(NT$)		1.10			0.80		37%

Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption

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Non-operating Items Breakdown

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NT$ Million 2Q 2024 1Q 2024 2Q 2023 1H 2024 1H 2023
Interest Income (Exp), net 57 24 28 81 32
Investment Gain (Loss), net 108 -198 35 -90 -76
FX Gain (Loss) , net -94 213 296 120 321
Others 115 95 56 209 95
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Non Operating Gain (Loss) 186 134 415 320 372
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Note: All figures in million of NT$ ; Financial data is IFRS adoption

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2Q24 Balance Sheets

NT$ Million		2Q 2024	2Q 2024		1Q 2024	1Q 2024		2Q 2023	2Q 2023
Cash and Cash Equivalents		86,570	19%		84,446	19%		64,526	14%
Account Receivable		211,263	45%		175,700	40%		223,483	49%
Inventories		85,574	18%		102,549	23%		102,644	22%
Current Assets		394,407	84%		372,696	84%		398,184	86%
Total Assets		467,688	100%		442,885	100%		460,355	100%
Accounts Payable		162,646	35%		154,540	35%		170,760	37%
Current Liabilities		303,265	65%		284,752	64%		309,010	67%
Total Liabilities		328,017	70%		310,054	70%		334,031	73%
Shareholders' Equity		139,672	30%		132,831	30%		126,323	27%
BVPS - Parent (NT$)		28.7 $			27.3 $			26.2 $
AR days		81			80			84
Inventorydays		35			49			40
AP days		66			74			67
CCC days		50			55			57

Note: All figures in million of NT$ except for book value per share; Financial data is IFRS adoption

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Business Outlook

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Q & A http://www.compal.com Investor@compal.com

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