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EDIMAX Call Transcript 2024

Sep 18, 2024

52279_rns_2024-09-18_c3dab709-7c29-4481-ac5d-244b694e35e5.pdf

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2024 Earnings Conference Edimax Technology (3047) 2024 法人說明會 訊舟科技 (3047)

SEP. 24, 2024

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 Group2024 年前 2 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
Communication
Wireles
Retail
Telco SI MFG II
Display
Enterprise
ITI
networking system integration Manufacturing
carrier grade Application & in communication networking
solutions
cloud-based solutions & IoT solutions products
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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$2,235M (US$69.8M)

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Employees: 670 R&D Engineers: 150+ 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 ≈ 178 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 9
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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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10 10

報告大綱 Outline

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集團簡介 Introduction to Edimax Group2024 年前 2 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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2024Q2 綜合損益表 Income Statements

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Unit: NT$’000

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科目 /Subjects 2023Q2 2024Q2 2024Q1 YoY Diff QoQ Diff
營收淨額
1,054,049 2,098,891 959,261 1,044,842 1,139,630
Revenue
營業毛利
258,454 646,835 142,572 388,381 504,263
Gross Profit
營業毛利率
24.5% 30.8% 14.9% 6.3% 15.9%
Gross Profit %
營業費用
Expenses 320 , 045 383 , 700 348 , 560 63 , 655 35 , 140
營業利益
(61,591) 263,135 (205,988) 324,726 469,123
Op. Profit
業外收支
29,632 37,606 38,114 7,974 (508)
Non-op Income
稅前利益
(31,959) 300,741 (167,874) 332,700 468,615
PBT
所得稅 & 停業
(8,213) (30,399) 15,563 (22,186) (45,962)
Income Tax
稅後純益
(40,172) 270,342 (152,311) 310,514 422,653
PAT
認列損益
19,469 88,091 (61,767) 68,622 149,858
Income to Owner
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2024Q2YTD

綜合損益表 Income Statements

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科
目
2024Q2YTD
2023Q2YTD
YoY Diff
營收淨額Revenue
3,058,152
2,197,545
860,607
營業毛利Gross Profit
789,407
515,090
274,317
營業毛利率Gross Profit %
25.8%
23.4%
2.4%
營業費用Expenses
732,260
630,709
101,551
Unit: NT$’000		 科
目
2024Q2YTD
2023Q2YTD
YoY Diff
營收淨額Revenue
3,058,152
2,197,545
860,607
營業毛利Gross Profit
789,407
515,090
274,317
營業毛利率Gross Profit %
25.8%
23.4%
2.4%
營業費用Expenses
732,260
630,709
101,551
Unit: NT$’000		 科
目
2024Q2YTD
2023Q2YTD
YoY Diff
營收淨額Revenue
3,058,152
2,197,545
860,607
營業毛利Gross Profit
789,407
515,090
274,317
營業毛利率Gross Profit %
25.8%
23.4%
2.4%
營業費用Expenses
732,260
630,709
101,551
Unit: NT$’000		 科
目
2024Q2YTD
2023Q2YTD
YoY Diff
營收淨額Revenue
3,058,152
2,197,545
860,607
營業毛利Gross Profit
789,407
515,090
274,317
營業毛利率Gross Profit %
25.8%
23.4%
2.4%
營業費用Expenses
732,260
630,709
101,551
Unit: NT$’000		 科
目
2024Q2YTD
2023Q2YTD
YoY Diff
營收淨額Revenue
3,058,152
2,197,545
860,607
營業毛利Gross Profit
789,407
515,090
274,317
營業毛利率Gross Profit %
25.8%
23.4%
2.4%
營業費用Expenses
732,260
630,709
101,551
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		 2024Q2YTD
3,058,152
789,407
25.8%
732,260		 2023Q2YTD

2,197,545

515,090
23.4%

630,709		 YoY Diff

860,607

274,317
2.4%

101,551
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$)		 57,147
75,720
132,867
(14,836)
118,031
26,324
0.12
(115,619)
16,751

(98,868)
(8,513)

(107,381)
23,354
0.11		 172,766
58,969
231,735
(6,323)
225,412

2,970
－


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2024/06/30 簡易資產負債表 Balance Sheets

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Unit: NT$’000

科目 Subjects

2024/6/30 % 2023/12/31 % 2023/6/30 % 1,847,951 22% 1,135,479 18% 1,480,257 22% 1,401,744 17% 758,181 12% 850,796 13% 2,074,408 24% 1,443,277 22% 1,352,591 20%[[2,399,346 28%]] 2,459,584 38% 2,475,843 36% 733,443 9% 632,783 10% 635,338 9% 8,456,892 100 6,429,304 100 6,794,825 100

現金及約當現金 Cash & cash equivalents

應收票據 / 帳款 Accounts/Notes receivable

存貨 Inventories

不動產 / 廠房 / 設備 Property, plant & equipments [[2,399,346 28%]] 其他資產 733,443 9% Other assets

合併資產總額 Total assets

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2024/06/30 簡易資產負債表 Balance Sheets

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Unit: NT$’000

科目
Subjects		 2024/6/30 % 2023/12/31 % 2023/6/30 %
短期借款
Short-term borrowings		 504,997
6%		 198,000
3%		 190,286
3%
應付票據/帳款
Accounts/Notes payable		 2,075,310 25% 774,896 12% 757,806 11%
長期借款
Long-term borrowings		 1,571,914 19% 1,580,314 24% 1,558,713 23%
應付公司債
Bonds payable		 8,840 0.1% 126,690
2%		 140,149
2%
其他負債
Other liabilities		 1,039,316 12% 751,882 12% 1,019,353 15%
負債總額
Total liabilities		 5,200,377
62		 3,431,782
53		 3,666,307
54
權益總額
Total equity		 3,256,515
38		 2,997,522
47		 3,128,518
46

報告大綱 Outline

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集團簡介 Introduction to Edimax Group2024 年前 2 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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2024Q2YTD 營運部門別營收 Revenue by Business Group

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2024Q2YTD 2023Q2YTD
Others
Others
3%
3%
Telco
Biz,
BG
Retail
20%
Telco BG
Biz,
BG 43%
Retail
54%
BG
77%
Unit: NT$’000
2024Q2YTD 2023Q2YTD Growth%
Biz, Retail BG 1,303,707 1,684,080 -22.6%
Telco BG 1,666,109 436,147 282.0%
Others 88,336 77,318 14.3%
Total 3,058,152 2,197,545 39.2%
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2024Q2YTD 營運部門別營業損益 OP by Business Group

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Biz, Retail
Telco
Others
2024Q2YTD
2023Q2YTD
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2024Q2YTD 產品別營收 Revenue by Product

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2024Q2 2023Q2
通訊服務, 其他, 通訊服務, 其他,
1.7% 1.7% 2.8% 1.1%
電信商通
訊設備,
商用及消 19.7%
費性通訊
設備,
42.6%
電信商通
商用及消
訊設備,
費性通訊
54.0%
設備,
76.4%
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2024Q2YTD – Retail Business Group 產品別營收 Revenue by Product

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2024Q2 2023Q2
智慧物聯網 智慧物聯網
產&其他 產&其他
(AIOT & (AIOT &
消費型設備
Others), Others),
(Consumer), 消費型設備
3.4% 5.7%
27.7% (Consumer)
, 27 . 1%
企業用設備 企業用設備
(Enterprize (Enterpriz
), 68.9% e), 67.2%
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2024Q2YTD – Retail Business Group 地區別營收 Revenue by Region

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2024Q2 2023Q2
NA + EU,
18.4% NA + EU,
ROW, 36.4%
21.0%
ROW, 35.6%
Japan, 46.0%
Japan, 42.5%
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2024Q2YTD – Telco Business Group 產品別營收 Revenue by Product

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2024Q2 2023Q2
寬頻用戶端 家庭網路設
其他, 家庭網路設
設備 備(Home
1.5% 備(Home
(Broadband Network),
Network),
CPE), 10.8% 2.7%
3.6% 其他,
10.0% 中繼接取設
備(DPU),
16.3%
中繼接取設
備(DPU),
85.0%
寬頻用戶端
設備
(Broadband
CPE), 70.1%
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2024Q2YTD – Telco Business Group 地區別營收 Revenue by Region

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2024Q2 2023Q2
Europe,
4%
North
America , 10% North
America, 27%
Europe, 21%
Asia-Pacific,
52%
Asia-Pacific,
86%
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報告大綱 Outline

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集團簡介 Introduction to Edimax Group2024 年前 2 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 [email protected] Thank you

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Thank you

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