Advantech

4Q 2021 Results Analyst Meeting

2nd March, 2022

Safe Harbor Notice

This presentation contains forward-looking statements and is subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements.

The projections should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.

4Q21 & FY2021 Financial Results

NT$ mn

4Q 2021

%

3Q 2021

%

QOQ

4Q 2020

%

YoY

FY2021

%

FY2020

Net Sales

15,744

100.0%

15,507

100.0%

2%

12,779

100.0%

23%

58,622

100.0%

51,119

  • YoY

100.0% 15%

Gross Profit

6,000

38.1%

Operating Expense

3,291

20.9%

Operating Profit

2,709

17.2%

No-operating Items

-30

-0.2%

Pretax Profit

2,679

17.0%

Tax Expenses

402

2.6%

5,706 36.8%

3,098 20.0%

2,608 16.8%

275 1.8%

2,883 18.6%

596 3.8%

5% 5,043

2,765

4% 2,278

-195

-7% 2,083

353

39.5% 19% 22,132

21.6% 12,331

17.8%

19%

9,800

-1.5%455

16.3% 29% 10,255

2.8%1,947

37.8%

21.0%

16.7%

0.8%

17.5%

3.3%

20,397

11,359

9,037

92

9,129

1,825

39.9% 9%

22.2%

17.7% 8%

0.2%

17.9% 12%

3.6%

Net Income to

2,273

14.4%

2,274

14.7%

0%

1,704

13.3%

33%

8,250

14.1%

7,248

14.2%

14%

Parent

EPS (NT$)

2.93

2.95

2.21

10.67

9.40

  • 4Q21 GP% gradually recovered: More contribution from new pricing order
  • 4Q21 Non-op. items : Impairment Loss on Goodwill for NT$280mn
  • Both Revenue & Profit for 2021 set Company records
  • Tax rate was 19.0% in FY2021

FY2021 Sales By Region

US$mn

2021

2020

YoY %

Rev %

North America

568

499

14%

27%

Europe

338

279

21%

16%

China

556

423

32%

27%

North Asia

197

182

8%

9%

Taiwan

129

105

23%

6%

Asia & InterCon

202

147

37%

10%

Others

101

95

6%

5%

Total

2,091

1,730

21%

100%

Others

North Asia

Asia & InterCon

Asia &

5%

US$mn

US$mn

InterCon

North

AKR :

$86.7M

GR%:

+22%

AAU/NZ

$16.5M

GR%:

+4%

10%

America

Taiwan

27%

AJP:

$44.4M

GR%:

+22%

ASEAN

$50.3M

GR%:

+32%

6%

ATJ:

$66.1M

GR%:

-5%

India

$16.0M

GR%:

+34%

North Asia

2021

Russia

$15.1M

GR%:

+2%

9%

Europe

LATAM

$15.7M

GR%:

-3%

ME&A

$87.2M

GR%:

+80%

16%

China

ROW

$1.5M

GR%:

-14%

27%

FY2021 Performance By SBG

FY 2021

Revenue

YoY

Rev. %

Gross Margin

Operating

OP

US$ mn

Profit

Margin

Industrial IOT

706

29%

34%

45~50%

218

30.8%

Embedded IOT

506

23%

24%

30~35%

89

17.7%

Allied DMS

Applied Computing

219

-3%

10%

25~30%

126

12.1%

Cloud IOT

226

12%

11%

30~35%

27

12.0%

Service IOT

185

27%

9%

40~45%

15

8.2%

Advantech Service Plus (AS+)

249

27%

12%

25~30%

33

13.3%

Other unallocated expenses

-49

Total

2,091

21%

100%

159

17.2%

  • IIoT YoY +29%driven by new infrastructure demand from China & semiconductor IEM smart equipment upgrades
  • ACG YoY -3%1H21 underperformed due to major projects ended and ATJ. 2H21 recovered especially in NA market
  • CIoT YoY+12%driven by strong demand from major projects in 2H21
  • SIoT YoY+27%driven by Smart Medical & Smart City services in NA & China markets

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ADVANTECH Co. Ltd. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 08:06:02 UTC.