Powertech Technology : 1Q24 Institutional Investor Conference

Powertech Technology Inc.

First Quarter of Year 2024

Institutional Investor Conference

Apr 30, 2024

	6239.TW
www.pti.com.tw	Powertech Technology Inc.

Powertech

Safe Harbor Statement

This following presentation may include predictions, estimates or other information that might be considered forward-looking. These forward-looking statements are based on information available to PTI as of the date of this conference and current expectations, forecasts and assumptions, and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements and please keep in mind that except as required by law, we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements.

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Powertech

Agenda

1	Welcome Remarks	DK Tsai	Chairman
2	1Q24 Financial Results	Evan Tseng	CFO
3	1Q24 Business Overview
		Boris Hsieh	CEO
4	2Q24 and Onward Business Outlook
5	Q&A	DK Tsai / Boris Hsieh /
JS Leu (President) / Evan Tseng

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1. Welcome Remarks from Chairman

Welcome Remarks from Chairman

三年多前我卸下執行長的職務，專注於集團資源的整合、團結合作，中高階主管的 培養、傳承 及高新技術的研究、發展。

I decided to remove myself from the CEO position three years ago and dedicate my time and efforts on PTI Group's resources integration and collaboration, the middle and senior managers'succession planning and training, and the research and development of advanced technologies.

在大家的努力下，我們幸運的挺過2023年半導體的大衰退，也準備好迎接未來的挑 戰及機會，Q1誠如我們期待的，繳出一個不錯的成績單，希望未來能愈來愈好，現 在就由我們執行長率領經營團隊來向各位報告。謝謝 !

With everyone's hard work and dedication, we successfully overcame the semiconductor recession in 2023, and we are ready to face the coming challenges and opportunities. We delivered a good performance in Q1 as expected, and we hope it will continue getting progressively better and better. Would like to handover the reporting to PTI's CEO and the management team. Thanks.

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2. PTI 1Q24 Financial Results

QoQ Comparison of 1Q24 Consolidated

Statements of Comprehensive Income

					(NTD M)
Account	1Q24	%	4Q23	%	QoQ %
Revenue	18,329	100%	19,034	100%	-3.7%
Gross Profit	3,207	17.5%	3,910	20.5%	-3 ppts
Operating Expenses	1,162	6.3%	1,326	7.0%	-12.4%
Operating Income	2,045	11.2%	2,584	13.6%	-2.4 ppts
Non-Operating Income	674	3.7%	2,897	15.2%	-76.7%
(Expenses)
Income Before Income Tax	2,719	14.8%	5,481	28.8%	-14 ppts
Income Tax Expense	612	3.3%	1,131	5.9%	-45.9%
Net Income	2,107	11.5%	4,350	22.9%	-51.6%
Shareholders of the Parent	1,737	9.5%	3,966	20.8%	-56.2%
Non-Controlling Interests	370	2.0%	384	2.0%	-3.6%
EPS (NT$)	2.32		5.31		-56.3%

Remark: 1.The financial statement of 1Q24 was un-audited.

2.PTI recognized the gain for the disposal of 70% equity of PTI-Suz in 4Q23.

The total amount for the gain recognized was NT$2.6 B which contributed EPS of NT$3.5.

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YoY Comparison of 1Q24 Consolidated

Statements of Comprehensive Income

					(NTD M)
Account	1Q24	%	1Q23	%	YoY %
Revenue	18,329	100%	15,741	100%	16.4%
Gross Profit	3,207	17.5%	2,534	16.1%	+1.4 ppts
Operating Expenses	1,162	6.3%	822	5.2%	41.4%
Operating Income	2,045	11.2%	1,712	10.9%	+0.3 ppts
Non-Operating Income	674	3.7%	32	0.2%	2,006.3%
(Expenses)
Income Before Income Tax	2,719	14.8%	1,744	11.1%	+3.7 ppts
Income Tax Expense	612	3.3%	320	2.0%	91.3%
Net Income	2,107	11.5%	1,424	9.0%	47.9%
Shareholders of the Parent	1,737	9.5%	1,127	7.2%	54.1%
Non-Controlling Interests	370	2.0%	297	1.9%	24.6%
EPS (NT$)	2.32		1.51		53.6%

Remark: The financial statement of 1Q24 was un-audited.

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Consolidated Balance Sheet

as of Mar. 31 2024

		(NTD M)
Account	Amount	%
Current Assets	47,655	43.6%
- Cash and Cash Equivalents	20,486	18.8%
Non-Current Assets	61,578	56.4%
Total Assets	109,233	100%
Current Liabilities	17,460	16.0%
Non-Current Liabilities	20,465	18.7%
Total Liabilities	37,925	34.7%
Equity Attributable to Shareholders of the Parent	56,817	52.0%
Non-Controlling Interests	14,491	13.3%
Total Equity	71,308	65.3%
Total Liabilities and Equity	109,233	100%

Remark: 1. Net worth per share as of Mar.31, 2024 was NT$74.84. 2. The financial statement of 1Q24 was un-audited.

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3. PTI 1Q24 Business Overview