EDIMAX — Call Transcript 2023

Nov 16, 2023

2023 Earnings Conference Edimax Technology (3047) 2023 法人說明會 訊舟科技 (3047)

NOV. 23, 2023

投資安全聲明 Safe Harbor Notice

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本簡報及同時發佈之相關訊息內容，除簡報內之歷史資訊外，簡報
事項係屬前瞻性說明。前瞻性說明受到風險及不確定性因素影響，
可能造成公司實際業績及成果與前瞻性說明有顯著差異。這些風險
及不確定性因素包括國際經濟狀況、市場需求變化、商業環境、上
下游供應鏈、競爭行為、獲取和開發特殊項目的能力、資金運作能
力、消費者變化、商業消費習慣、匯率波動、及其他各種本公司不
能完全控制或根本不能控制的風險因素。

Edimax Technology’s statements of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.

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報告大綱 Outline

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 集團簡介 Introduction to Edimax Group  2023 年前 3 季財務概況 Financial Result  營運狀況摘要 Summary of Operations  問與答 Q&A

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Group Overview

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Communication
Retail
Telco SI MFG II
Enterprise
ITI
networking system integration Manufacturing
carrier grade application & in communication networking
solutions
cloud-based solutions & AIoT solutions products
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訊舟科技公司簡介 COMPANY INFORMATION

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Founded: 1986 IPO: 2001 ≈ Capital: NT$2,130M (US$66.5M)

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Employees: 850 R&D Engineers: 180+ Headquarters: Taipei, Taiwan Service Centers : 17 worldwide R&D Center: Taipei, Hsin-Chu(TW) Dong Guan(CN) MFG Center: Dong Guan(CN) I & II

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訊舟科技產品領域 PRODUCT PORTFOLIO

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Consumer Enterprise AIoT Connectivity Solution Service & Security all things connected total solution for security from boot to various type of biz & cloud to app locations - Cloud management service - Omnipresent security

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康全電訊公司簡介 COMPANY INFORMATION

成立時間 1990 年 4 月 董事長 任冠生 總經理 洪榮隆 實收資本額 NT$587M 員工人數 ≈ 197 人 研發人員比例 ≈ 40% 主要產品 中繼接取設備 高速寬頻用戶端設備 家庭網路設備

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康全電訊市場定位 COMPANY POSITIONING

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目標客戶：電信運營商 國內網通大廠的擅長領域
網管系統
國際網通大廠的擅長領域
Source – Router-Switch.com Page 8
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康全電訊主要產品 PRODUCT PORTFOLIO

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中繼接取設備
Dense DPU Single Port DPU EOC DPU Robust MDU
寬頻用戶端設備
Phoneline: Bonding Gateway COAX: EOC Gateway Fiber: XGS-PON Gateway
家庭網路設備
G.hn PLC + WiFi G.hn Coax Adapter Whole Home Wireless Solution
雲端管理系統
Auto Configuration Server Telecom Grade Cloud Management System
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報告大綱 Outline

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 集團簡介 Introduction to Edimax Group  2023 年前 3 季財務概況 Financial Result  營運狀況摘要 Summary of Operations  問與答 Q&A

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2023Q3 綜合損益表 Income Statements

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	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000	科目/Subjects 2022Q3 2023Q3 2023Q2 YoY Diff QoQ Diff 營收淨額 Revenue 1,619,753 1,071,144 1,054,049 (548,609) 17,095 營業毛利 Gross Profit 431,008 295,267 258,454 (135,741) 36,813 營業毛利率 Gross Profit % 26.6% 27.6% 24.5% 1.0% 3.1% 營業費用 374366 333721 320045 (40645) 13676 Unit: NT$’000
	科目/Subjects 營收淨額 Revenue 營業毛利 Gross Profit 營業毛利率 Gross Profit % 營業費用	2022Q3 1,619,753 431,008 26.6% 374366	2023Q3 1,071,144 295,267 27.6% 333721	2023Q2 1,054,049 258,454 24.5% 320045	YoY Diff (548,609) (135,741) 1.0% (40645)	QoQ Diff 17,095 36,813 3.1% 13676
	Expenses 營業利益 Op. Profit 業外收支 Non-op Income 稅前利益 PBT 所得稅&停業 Income Tax 稅後純益 PAT 認列損益 IO	, 56,642 92,733 149,375 (8,869) 140,506 122,079	, (38,454) 34,786 (3,668) (17,080) (20,748) 4,177	, (61,591) 29,632 (31,959) (8,213) (40,172) 43,947	, (95,096) (57,947) (153,043) (8,211) (161,254) (117,902)	, 23,137 5,154 28,291 (8,867) 19,424 (39,770)
	ncome to wner

2023Q3YTD 綜合損益表 Income Statements

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	科 目 2023Q3YTD 2022Q3YTD YoY Diff 營收淨額Revenue 3,268,689 4,513,780(1,245,091) 營業毛利Gross Profit 810,357 1,120,259 (309,902) 營業毛利率Gross Profit % 24.8% 24.8% -0.03% 營業費用Expenses 964,430 1,020,846 (56,416) Unit: NT$’000	科 目 2023Q3YTD 2022Q3YTD YoY Diff 營收淨額Revenue 3,268,689 4,513,780(1,245,091) 營業毛利Gross Profit 810,357 1,120,259 (309,902) 營業毛利率Gross Profit % 24.8% 24.8% -0.03% 營業費用Expenses 964,430 1,020,846 (56,416) Unit: NT$’000	科 目 2023Q3YTD 2022Q3YTD YoY Diff 營收淨額Revenue 3,268,689 4,513,780(1,245,091) 營業毛利Gross Profit 810,357 1,120,259 (309,902) 營業毛利率Gross Profit % 24.8% 24.8% -0.03% 營業費用Expenses 964,430 1,020,846 (56,416) Unit: NT$’000	科 目 2023Q3YTD 2022Q3YTD YoY Diff 營收淨額Revenue 3,268,689 4,513,780(1,245,091) 營業毛利Gross Profit 810,357 1,120,259 (309,902) 營業毛利率Gross Profit % 24.8% 24.8% -0.03% 營業費用Expenses 964,430 1,020,846 (56,416) Unit: NT$’000	科 目 2023Q3YTD 2022Q3YTD YoY Diff 營收淨額Revenue 3,268,689 4,513,780(1,245,091) 營業毛利Gross Profit 810,357 1,120,259 (309,902) 營業毛利率Gross Profit % 24.8% 24.8% -0.03% 營業費用Expenses 964,430 1,020,846 (56,416) Unit: NT$’000
	科 目 營收淨額Revenue 營業毛利Gross Profit 營業毛利率Gross Profit % 營業費用Expenses	2023Q3YTD 3,268,689 810,357 24.8% 964,430	2022Q3YTD 4,513,780 1,120,259 24.8% 1,020,846	YoY Diff (1,245,091) (309,902) -0.03% (56,416)
	營業利益Operating Profit 業外收支Non-op Income or loss 稅前利益PBT 所得稅&停業Income Tax 稅後純益PAT 認列損益Income Attributable to Owner 每股盈餘EPS (in NT$)	(154,073) 51,537 (102,536) (25,593) (128,129) 27,531 0.13	99,413 177,226 276,639 (26,434) 250,205 239,238 1.26	(253,486) (125,689) (379,175) 841 (378,334) (211,707) －
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2023/09/30 簡易資產負債表 Balance Sheets

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Unit: NT$’000

科目 Subjects

2023/9/30 % 2022/12/31 % 2022/9/30 % Subjects 現金及約當現金 1,388,109 20% 1,692,999 22% 1,471,356 19% Cash & cash equivalents 應收票據 / 帳款 1,049,667 15% 1,259,126 17% 1,437,069 18% Accounts/Notes receivable 存貨 1,413,172 20% 1,721,919 23% 1,951,673 25% Inventories 不動產 / 廠房 / 設備 Property, plant & equipments [2,461,143 36%] 2,483,468 32% 2,493,883 32% 其他資產 642,406 9% 474,853 6% 475,165 6% Other assets 合併資產總額 6,954,497 100 7,632,365 100 7,829,146 100

現金及約當現金 Cash & cash equivalents

應收票據 / 帳款 Accounts/Notes receivable

存貨 Inventories

合併資產總額 Total assets

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2023/09/30 簡易資產負債表 Balance Sheets

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Unit: NT$’000

	科目 Subjects	2023/9/30	%	2022/12/31	%	2022/9/30	%
	短期借款 Short-term borrowings	230,346	3%	769,601	10%	933,144	12%
	應付票據/帳款 Accounts/Notes payable	879,323	13%	1,040,499	14%	1,096,375	14%
	長期借款 Long-term borrowings	1,584,514	23%	1,567,114	21%	1,571,314	20%
	應付公司債 Bonds payable	134,626	2%	185,143	2%	200,314	3%
	其他負債 Other liabilities	991,422	14%	710,025	9%	701,124	9%
	負債總額 Total liabilities	3,820,231	55	4,272,382	56	4,502,271	58
	權益總額 Total equity	3,134,266	45	3,359,983	44	**3,326,875 **	42

報告大綱 Outline

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 集團簡介 Introduction to Edimax Group  2023 年前 3 季財務概況 Financial Result  營運狀況摘要 Summary of Operations  問與答 Q&A

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2023Q3YTD 營運部門別營收 Revenue by Business Group

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2023Q3YTD 2022Q3YTD
Others
Others
3%
3%
Telco
Telco
BG
BG
22%
Biz,
Biz, 32%
Retail
Retail
BG
BG
65%
75%
Unit: NT$’000
2023Q3YTD 2022Q3YTD Growth%
Biz, Retail BG 2,437,589 2,924,248 -16.6%
Telco BG 715,617 1,437,452 -50.2%
Others 115,483 152,080 -24.1%
Total 3,268,689 4,513,780 -27.6%
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2023Q3YTD 營運部門別營業損益 OP by Business Group

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		Biz, Retail Telco Others 2023Q3YTD 2022Q3YTD
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2023Q3YTD 產品別營收 Revenue by Product

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2023Q3 2022Q3
通訊服務, 其他, 通訊服務, 其他,
3.0% 1.0% 3.1% 0.8%
電信商通
訊設備,
電信商通
21.7%
訊設備,
31.6%
商用及消
商用及消
費性通訊
費性通訊
設備,
設備,
64.6%
74.3%
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報告大綱 Outline

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 集團簡介 Introduction to Edimax Group  2023 年前 3 季財務概況 Financial Result  營運狀況摘要 Summary of Operations  問與答 Q&A

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For more information regarding Edimax, please visit www . edimax . com . tw For all inquiries, suggestions and comments, please write to ir@edimax.com.tw Thank you

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Thank you

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