LTC - Call Transcript 2022 | FinancialReports.eu

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4Q21 Earnings Conference LITEON Technology

February 14[th] , 2022

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LITEON Technology’s statement 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.

The numbers of the presentation are prepared under IFRS.

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In NT Millions	4Q21		QoQ YoY mount % % Amount % % 1,864 100.0 6 41,436 100.0 8 3,780 80.7 9 34,726 83.8 6 8,084 19.3 -5 6,709 16.2 15 4,562 10.9 -10 4,889 11.8 -16 3Q21 4Q20
	Amount %	A
Net Sales	44,569 100.0	4
COGS	36,867 82.7	3
Gross Profit	7,702 17.3
Operating Expenses	4,089 9.2

Operating Profit	3,613 8.1		3,522 8.4 3 1,820 4.4 99 351 0.8 - 676 1.6 - 3,872 9.2 -18 2,496 6.0 27 782 1.9 -18 449 1.1 43 10 0.0 -37 40 0.1 -83 3,080 7.4 -19 2,008 4.8 25 1.33 0.86
Other Income/ Expense *	-455 -1.0
Profit Before Tax	3,158 7.1
Income Tax Expense	642 1.4
Non-Controlling Interests	7 0.0
Profit Attributable to Parent	2,509 5.6
After Tax EPS	1.11

Non-operating income includes the goodwill impairment of NT$960mn at ODD business after evaluating its current conditions and prospects of the global ODD market. If excluding this impairment, non-operating income is NT$505 mn.

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Gross Profit Operating NT$Mln Sales YoY Sales % YoY Margin Range Profit * Opto-electronics 8,336 7% 19% 22%~32% 928 20% Cloud & AIoT 12,456 13% 28% 15%~25% 828 16% Information Technology & 23,776 5% 53% 12%~18% 2,312 221% Consumer Electronics

Excluding the expected credit loss from the streetlight bid.

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In NT Millions		2021
	A	mount %
Net Sales	1	64,828 100.0
COGS	1	34,330 81.5
Gross Profit		30,498 18.5
Operating Expenses *		17,455 10.6
Operating Profit		13,042 7.9

Other Income/ Expense		4,590 2.8
Profit Before Tax		17,632 10.7
Income Tax Expense		3,703 2.2
Non-Controlling Interests		43 0.0
Profit Attributable to Parent		13,887 8.4
After Tax EPS Shares:(mm shares)		6.01

The Group has recognized the expected credit loss from the streetlight bid with the best solution in 2021 financial report. Excluding the expected credit loss and other adjustment, the Opex% was 10% and Operating Profit margin was 8.5%. © LITE-ON Technology Corporation All rights reserved** Excluding the transferred businesses in 2020, the revenue was up by 10% YoY.

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2021 2020
Opto- Opto-
electronics electronics
20% 18%
Information Information
Technology &
Technology &
Consumer
Consumer
Cloud & AIoT Electronics Cloud & AIoT
Electronics
27% 56% 26%
53%
Optoelectronics Product Solutions, Outdoor Lighting Solution and
Opto-electronics
Automotive Electronics
Datacenter, Server, Networking, AIoT, Smart Devices and Video
Cloud & AIoT
Intelligence Solutions
Information Technology NB, Tablets, DT, Gaming, Consumer Electronics and Multifunction
& Consumer Electronics Peripherals applications
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SSD has been transferred since 3Q20. Silitech has become an unconsolidated entity from 1Q21. Before then, they were inclusive of ITCE revenue.

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Gross Profit Operating NT$Mln Sales YoY Sales % YoY Margin Range Profit * Opto-electronics 33,297 16% 20% 22%~32% 4,238 24% Cloud & AIoT 44,845 11% 27% 15%~25% 2,935 18% Information Technology & ** 86,685 7% 53% 12%~18% 8,737* 49% Consumer Electronics

Excluding the expected credit loss from the streetlight bid/ MM.

** Excluding transferred SSD and Silitech in 2020.

		Amount % Amount % 69,459 38% 71,508 41% 38,737 21% 35,990 20% 30,791 17% 24,669 14% 144,513 80% 140,584 80% 181,365 100% 176,067 100% 3Q21 4Q20
	In NT millions 4Q21
	Amount %
	Cash & Equivalent 68,276 37%
	Accounts Receivable 41,246 22%
	Inventories 32,299 18%
	Current Assets 147,111 80%
	Total Assets 183,543 100%

© LITE-ON Technology Corporation All rights reserved Short Term Debt 28,385 15% Accounts Payable 46,659 25% Current Liabilities 107,915 59% Equities 72,874 40% Key Indices Current Ratio (x) 1.36 Quick Ratio (x) 1.06 Net Cash (NT Millions) 39,891	Short Term Debt 28,385 15%	8 31,349 17% 24,892 14% 44,976 25% 42,622 24% 108,779 60% 99,599 57% 70,098 39% 74,142 42% 1.33 1.41 1.06 1.16 38,110 46,616
	Accounts Payable 46,659 25%
	Current Liabilities 107,915 59%
	Equities 72,874 40%
	Key Indices Current Ratio (x) 1.36 Quick Ratio (x) 1.06 Net Cash (NT Millions) 39,891

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4Q21 Revenue +9% YoY, GPM:17.3% +1.1ppt YoY, OPM: 8.1% +3.7ppt YoY, EPS: NT$1.11 +25% YoY, hitting 4Q record high in 5 consecutive years
2021 Revenue up by 5% YoY, GPM 18.5%, +1.1ppt YoY and OPM 7.9%, +1.4ppt YoY, EPS NT$6.01 +39% YoY, all posting annual record high.
2021 GP and OP up by 11% and 28% YoY respectively, higher than revenue YoY growth, showing a result of profitable growth.
Thanks to continuous optimizing product-mix, improving flexibility and responding time of global smart manufacturing and supply chain management, as well as strengthening operational efficiency, 2021 posted record profit margin and EPS.

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Stable YoY growth in revenue and core profitability. Opto-electronics and Cloud & AIoT segments contributing over 50% of 1Q22 revenue is expected.
Key growth drivers: Opto, Cloud computing, and Automotive electronics:
Opto semiconductor: dynamic application in green energy, industrial automation, wearables and AR/VR, coupled with smooth delivery of high-end Mini LED
Cloud computing: ongoing market share gain and revenue growth from power management solutions with high wattage, high efficiency and high density applied in data center and enterprise customers
Automotive Electronics: market demand of EV Charger and ADAS is expected to grow rapidly

The Silver Class In S&P Global Sustainability Yearbook 2022
The Highest Rating "Leaderboard" In 2021 CDP Supplier Engagement Rating (SER)

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Empowering Sustainability
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2021 listed in the DJSI world index and emerging market index.
2021 received TCSA TOP 10 sustainability model of Taiwan corporates, and multiple awards in many sectors.
2021 selected for the Morgan Stanley (MSCI) ESG leaders index for eight consecutive years since 2014.
2021 rated as Prime status by the ISS ESG rating
2021 included in the FTSE4good emerging market index and the FTSE4good tip Taiwan ESG index for eight consecutive years.
• 2021 listed top ten in the 2021 Greater China Business Sustainability Index (GCBSI)
2021 won the first prize of 2021 Corporate Social Responsibility award from Global Views magazine.
2021 won the "Corporate Citizen Award" from Commonwealth magazine for the 15 years in a row.

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FTSE4Good
TIP Taiwan ESG Index
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