XAVi — Call Transcript 2024

Sep 11, 2024

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Xavi Technologies Ltd. 2Q24 Results Conference

September 11[st] , 2024

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Confidential

Safe Harbor Notice

 Xavi’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.

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Contents
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01

02

03

04

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展達通訊簡介 Company Profile

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Company Profile

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Founded ： Oct., 1997 Listing ： TAIEX (3447.TW) Dec., 2022 ： Capital NT$ 770 million Chairman ： Roger Lu CEO ： Tony Chen HQ & RD center ： New Taipei City/Hsinchu Factories ： China(Suzhou)/Thailand

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Chicony/Clevo Group

• Keyboard/Mouse/Gaming input device

• Mobile Keyboard

• Camera Module/DV/Security Device

• Y2023 Revenue NT$ 2.9 billion Capital NT$ 0.77 billion Market Cap • Adaptor(PC, NB,Server)

• • Networking $ 210 billion • LED

• • Smart Home • Smart Building

• Revenue

• $ 120 billion

• • • NB, LCD PC, IA Employee Shopping Mall 40,000 up

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Diversified Factories

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China (Suzhou) ：

 Established more than 20 years.

 Capacity: NT$ 3 billion

Thailand (Chachoengsao) ：

• MP in 2019

• Capacity: NT$ 6 billion

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產品組合
Networking Smart Home
10G xPON Bridge WiFi AP Radar, Tracker IP/DVB STB
Tra
cke
r
G.Fast
IoT Sensors, Camera OTT STB
DPU/CPE
P2P Point 5G/4G/LTE
FTTH Gateway Sport/Transport IoT USB Dongle
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2Q24 Financial Results

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1H24 Consolidated Income Statement

Unit: NT$ K	1H24	%	1H23	%
Net Sales	905,547	100	1,911,164	100
Gross Profit	66,717	7.4	233,608	12.2
Operating Expense	(127,870)	(14.1)	(174,688)	(9.1)
Operating Profit	(61,153)	(6.8)	58,920	3.1
Non-Operating Income	31,647	3.5	4,869	0.2
Pre-tax income	(29,506)	(3.3)	63,789	3.3
Net Income	(42,852)	(4.7)	51,762	2.7
EPS	(0.56)		0.67

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2Q24 Consolidated Income Statement

Unit: NT$ K	2Q24	%	1Q24	%	2Q23	%
Net Sales	488,514	100	417,033	100	761,511	100
Gross Profit	33,901	6.9	32,816	7.9	78,174	10.3
Operating Expense	(56,633)	(11.6)	(71,237)	(17.1)	(81,791)	(10.8)
Operating Profit	(22,732)	(4.7)	(38,421)	(9.2)	(3,617)	(0.5)
Non-Operating Income	11,966	2.5	19,681	4.7	1,378	0.2
Pre-tax income	(10,766)	(2.2)	(18,740)	(4.5)	(2,239)	(0.3)
Net Income	(15,590)	(3.2)	(27,262)	(6.5)	(3,407)	(0.4)
EPS	(0.20)		(0.35)		(0.04)

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Consolidated Balance Sheet

Unit: NT$ K	2024/6/30	2023/12/31	2023/6/30
Cash	886,157	759,594	730,966
ST Investment	36,693	43,303	70,795
Accounts Receivable	463,420	327,751	516,870
Inventory	715,602	810,114	1,049,498
Non-Current Assets	266,530	312,982	295,718
Total Assets	2,687,174	2,551,206	2,977,029
ST Borrowing	289,063	432,000	460,000
Accounts Payable	442,515	387,990	523,500
Total Liabilities	1,625,954	1,461,772	1,776,745
Common Stock	770,841	770,734	768,196
Shareholders’ Equities	1,061,220	1,089,434	1,200,284
Debt Ratio	60.5%	57.3%	59.7%

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Consolidated Statement of Cash Flow

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Unit: NT$ K 1H24 1H23
Cash Flows from operating activities 261,072 619,152
Cash Flows from investing activities (12,074) 9,928
-CAPEX (13,714) (33,811)
Cash Flows from financing activities (153,161) (130,750)
Net increase in cash 126,563 511,274
Cash, beginning of the period 759,594 219,692
Cash, end of the period 886,157 730,966
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Revenue b Products y

1H2023

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1H2024

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Business Outlook

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Q&A

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Service
Quality D
elivery
Technology Cost
Thank You
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