XAVi — Call Transcript 2025

Sep 5, 2025

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Xavi Technologies Ltd. 2Q25 Results Conference

September 5[th] , 2025

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Confidential

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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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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

• Y2024 Revenue NT$ 2.6 billion Capital NT$ 0.77 billion Market Cap • Adaptor(PC, NB,Server)

• • Networking $ 177 billion • LED

• • Smart Home • Smart Building

• Revenue

• $ 120 billion

• • • NB, LCD PC, IA Employee Shopping Mall 30,000 up

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Diversified Factories

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China (Suzhou) ：

 Established more than 20 years.

 Capacity: NT$ 2.5 billion

Thailand (Chachoengsao) ：

• MP in 2019

• Capacity: NT$ 6 billion

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Product Mix

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----- Start of picture text ----- Networking Smart HomeRadar, Tracker10G xPON Bridge WiFi AP IP/DVB STBDPU/CPE 5G/4G/LTE FTTHMedia PlayerGateway IoT Sensors, CameraP2P Point Sport/Transport IoT USB Dongle----- End of picture text -----

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2Q25 Financial Results

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1H25 Consolidated Income Statement

Unit: NT$ K	1H25	%	1H24	%
Net Sales	1,472,518	100	905,547	100
Gross Profit	178,478	12.1	66,717	7.4
Operating Expense	(152,751)	(10.4)	(127,870)	(14.1)
Operating Profit	25,727	1.8	(61,153)	(6.8)
Non-Operating Income	(16,878)	(1.1)	31,647	3.5
Pre-tax income	8,849	0.6	(29,506)	(3.3)
Net Income	3,436	0.2	(42,852)	(4.7)
EPS	0.04		(0.56)

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2Q25 Consolidated Income Statement

Unit: NT$ K	2Q25	%	1Q25	%	2Q24	%
Net Sales	716,030	100	756,488	100	488,514	100
Gross Profit	70,995	9.9	107,483	14.2	33,901	6.9
Operating Expense	(66,634)	(9.3)	(86,117)	(11.4)	(56,633)	(11.6)
Operating Profit	4,361	0.6	21,366	2.8	(22,732)	(4.7)
Non-Operating Income	(28,899)	(4.0)	12,021	1.6	11,966	2.5
Pre-tax income	(24,538)	(3.4)	33,387	4.4	(10,766)	(2.2)
Net Income	(22,882)	(3.2)	26,318	3.5	(15,590)	(3.2)
EPS	(0.30)		0.34		(0.20)

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Consolidated Balance Sheet

Unit: NT$ K	2025/6/30	2024/12/31	2024/6/30
Cash	908,235	881,229	886,157
ST Investment	21,317	31,193	36,693
Accounts Receivable	543,786	791,964	463,420
Inventory	924,879	804,933	715,602
Non-Current Assets	232,976	266,803	266,530
Total Assets	2,980,527	3,123,298	2,687,174
ST Borrowing	181,355	169,205	289,063
Accounts Payable	702,318	702,641	442,515
Total Liabilities	1,873,109	1,893,895	1,625,954
Common Stock	773,311	773,311	770,841
Shareholders’ Equities	1,107,418	1,229,403	1,061,220
Debt Ratio	62.8%	60.6%	60.5%

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Consolidated Statement of Cash Flow

Unit: NT$ K	1H25	1H24
Cash Flows from operating activities	70,602	261,072
Cash Flows from investing activities	(16,882)	(12,074)
-CAPEX	(16,302)	(13,714)
Cash Flows from financing activities	8,475	(153,161)
Net increase in cash	27,006	126,563
Cash, beginning of the period	881,229	759,594
Cash, end of the period	908,235	886,157

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Revenue Grows YoY NT$ M

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Revenue b Products y

1H2025

1H2024

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Business Outlook

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Q&A

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