ZIPPY — Investor Presentation 2022

Aug 18, 2022

2022 Second Quarter
Investor Conference
Security Code: 2420

Notes:

Disclaimer

No representation or warranty express or implied, is or will be made in or in relation to, and no responsibility or liability is or will be accepted by the Company as to, the accuracy or completeness of the information and any liability therefore is hereby expressly disclaimed.

Notes:

Operating performance for 2022 Q1~Q2
| Unit: NTD Thousand | 2022 Q1~Q2 | | | 2021 Q1~Q2 | | | YoY |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | AMT. | % | | AMT. | % | | % |
| Sales revenue | 1,368,526 | 100.00% | | 1,302,323 | 100.00% | | 5.08% |
| Gross profit from operation | 554,811 | 40.54% | | 494,400 | 37.96% | | 12.22% |
| Operating expenses | 212,507 | 15.53% | | 203,525 | 15.63% | | 4.41% |
| Net operating income | 342,304 | 25.01% | | 290,875 | 22.34% | | 17.68% |
| Non-operating income and expenses | 85,149 | 6.22% | | 37,251 | 2.86% | | 128.58% |
| Continuing operating income before tax | 427,453 | 31.23% | | 328,126 | 25.20% | | 30.27% |
| Continuing operating income after tax | 332,528 | 24.30% | | 256,000 | 19.66% | | 29.89% |
| Profit attributable to owners of the company | 331,938 | 24.26% | | 256,060 | 19.66% | | 29.63% |
| EPS (Dollars) | 2.17 | | | 1.68 | | | |

Notes:

Operating performance for 2022 Q2

Unit: NTD Thousand	2022 Q2			2022 Q1			QoQ		2021 Q2			QoQ
	AMT.	%		AMT.	%		%		AMT.	%		%
Sales revenue	735,747	100.00%		632,779	100.00%		16.27%		730,140	100.00%		0.77%
Gross profit from operation	304,033	41.32%		250,778	39.63%		21.24%		282,028	38.63%		7.80%
Operating expenses	101,817	13.84%		110,690	17.49%		-8.02%		106,051	14.52%		-3.99%
Net operating income	202,216	27.48%		140,088	22.14%		44.35%		175,977	24.10%		14.91%
Non-operating income and expenses	45,230	6.15%		39,919	6.31%		13.30%		20,595	2.82%		119.62%
Continuing operating income before tax	247,446	33.63%		180,007	28.45%		37.46%		196,572	26.92%		25.88%
Continuing operating income after tax	190,042	25.83%		142,486	22.52%		33.38%		152,098	20.83%		24.95%
Profit attributable to owners of the company	190,037	25.83%		141,901	22.43%		33.92%		152,250	20.85%		24.82%
EPS (Dollars)	1.24			0.93					1.00

Non-operating income and expenses

Unit: NTD Thousand	2022 Q2		2021 Q2		2022 Q1~Q2		2021 Q1~Q2
	AMT.		AMT.		AMT.		AMT.
Interest income	876		1,510		1,459		2,499
Other income	40,210		32,170		69,508		64,418
Other gains (losses)	(1,937)		(889)		(3,983)		(1,934)
Foreign exchange gains (losses)	10,665		(8,495)		26,334		(20,039)
Financial costs	(4,584)		(3,701)		(8,169)		(7,693)
Total of non-operating income and expenses	45,230		20,595		85,149		37,251

Consolidated Statement of Financial Position

Unit: NTD Thousand	2022/6/30		2021/12/31		2021/6/30
	AMT.		AMT.		AMT.
Cash	755,631		754,876		794,933
Accounts receivable	438,834		404,435		430,856
Inventories	963,838		902,423		677,680
Other current assets	167,406		144,856		205,847
Non-current assets	3,478,344		3,489,185		3,499,782
Total assets	5,804,053		5,695,775		5,609,098
Current liabilities	1,282,751		1,044,829		865,967
Non-current liabilities	1,190,284		1,222,772		1,249,313
Total liabilities	2,473,035		2,267,601		2,115,280
Total equity	3,331,018		3,428,174		3,493,818

Contribution Ratio for Consolidated Sales Revenue

Chart

Category	SWITCH	PSU
2020 Q3	0.4022825337128693	0.5977174662871307
2020 Q4	0.3839539870749553	0.6160460129250447
2021 Q1	0.4857327113877903	0.5142672886122097
2021 Q2	0.4841140055331854	0.5158859944668146
2021 Q3	0.4621222528435295	0.5378777471564705
2021 Q4	0.3898000494468138	0.6101999505531862
2022 Q1	0.40979236036594135	0.5902076396340586
2022 Q2	0.4307037609395621	0.5692962390604379

Q & A

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