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Global Unichip Corp. Interim / Quarterly Report 2024

Sep 19, 2024

52327_rns_2024-09-19_246db4ab-f027-4f2b-81d1-bd4a63b0531e.pdf

Interim / Quarterly Report

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© 2024 GUC Proprietary & Security B

07/25/2024

2024 Second Quarter Results

IR Conference

07/25/2024

2Q24 Financial Results AgendaBusiness Update

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© 2024 GUC Proprietary & Security B 3 07/25/2024
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Safe Harbor Notice

GUC’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forwardlooking statements.

Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

07/25/2024

2Q24 Financial Results

© 2024 GUC Proprietary & Security B

2Q24 Statements of Comprehensive Income

© 2024 GUC Proprietary & Security B
Unit: NT$M
Revenues
NRE
Turnkey
Others
Gross Margin
%
SG&A Exp
R&D Exp
Operating Income
%
Non-Operating Items
Income Tax
Net Income
%
EPS (NT$)		 nit: NT$M 2Q24
QoQ		 1Q24 2Q23 YoY
evenues
NRE
Turnkey
Others
ross Margin
%		 6,720
18%
2,821
104%
3,823
-8%
76
-46%
2,053
22%
30.6%		 5,690
1,386
4,164
140
1,689
29.7%		 6,587
1,266
5,168
153
1,919
29.1%		 2%
123%
-26%
-50%
7%
SG&A Exp (201)
-20%
(821)
12%		 (250)
(734)		 (231)
(750)		 -13%
R&D Exp 9%
perating Income 1,031
46%		 705 938 10%
% 15.3% 12.4% 14.2%
on-Operating Items 72 70 95
ncome Tax
et Income
%		 (196)
907
37%
13.5%		 (112)
663
11.7%		 (194)
839
12.7%		 8%
PS (NT$) 6.78
37%		 4.94 6.26 8%
6

Statements of Comprehensive Income

Unit: NT$M
Revenues
NRE
Turnkey
Others
Gross Margin
SG&A Exp
R&D Exp
Operating Income
Non-Operating Items
Income Tax
Net Income
EPS (NT$)		 Amount
%
15,108
11%
4,709
31%
10,087
67%
312
2%
5,230
34.6%
(738)
-4.9%
(2,818)
-18.6%
1,674
11.1%
67
0.4%
(281)
-1.8%
1,460
9.7%
10.90
2021*		 Amount
%

24,040
59%
6,539
27%
16,880
70%
621
3%
8,335
34.7%
(946)
-3.9%
(3,290)
-13.7%
4,099
17.1%
246
1.0%
(635)
-2.7%
3,710
15.4%
27.69
2022*		 Amount
%

26,241
9%
6,763
26%
18,981
72%
497
2%
7,976
30.4%
(891)
-3.4%
(3,116)
-11.9%
3,969
15.1%
186
0.7%
(647)
-2.4%
3,508
13.4%
26.18
2023*		 Amount
%
12,410
-5%
4,207
34%
7,987
64%
216
2%
3,742
30.2%
(451)
-3.7%
(1,555)
-12.5%
1,736
14.0%
142
1.2%
(308)
-2.5%
1,570
12.7%
11.72
1H 2024*		 Amount
%
13,116
33%
-5%
2,752
21%
53%
10,121
77%
-21%
243
2%
-11%
4,003
30.5%
-7%
(425)
-3.2%
6%
(1,537)
-11.7%
1%
2,041
15.6%
-15%
82
0.6%
73%
(350)
-2.7%
-12%
1,773
13.5%
-11%
13.23
-11%
1H 2023
YoY*
Amount Amount Amount Amount Amount
15,108
4,709
10,087
312
24,040
6,539
16,880
621
26,241
6,763
18,981
497		 12,410
4,207
7,987
216		 13,116
2,752
10,121
243
5,230
(738)
(2,818)		 8,335
(946)
(3,290)		 7,976
(891)
(3,116)		 3,742
(451)
(1,555)		 4,003
(425)
(1,537)
1,674
67
(281)		 4,099
246
(635)		 3,969
186
(647)		 1,736
142
(308)		 2,041
82
(350)
1,460 3,710 3,508 1,570 1,773
10.90 27.69 26.18 11.72 13.23

* Revenue growth rate YoY

07/25/2024

Business Update

© 2024 GUC Proprietary & Security B

2Q24 Revenue & Gross Margin

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YoY
+2 %
QoQ
+18 %
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YoY
+1.5 ppt
QoQ
+ 0.9 ppt
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© 2024 GUC Proprietary & Security B 9 07/25/2024
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2Q24 Revenue Breakdown

YoY

NRE: +123% QoQ Turnkey:-26% NRE: +104% Others: -50% Turnkey: -8% Others: -46%

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© 2024 GUC Proprietary & Security B 10 07/25/2024
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2Q24 OPEX & OPM

YoY

YoY
R&D: +9% QoQ
SG&A:-13% R&D: +12%
OPM: +10% SG&A:-20%
OPM: +46%
% of Sales 2Q23 3Q23 4Q23 1Q24 2Q24
R&D 11.4% 12.2% 11.9% 12.9% 12.2%
SG&A 3.5% 3.5% 3.5% 4.4% 3.0%
OPEX 14.9% 15.7% 15.4% 17.3% 15.2%
OPM 14.2% 16.2% 13.1% 12.4% 15.3%
© 2024 GUC Proprietary & Security B 11 07/25/2024

2Q24 NPM & EPS

YoY

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+0.8 ppt QoQ
+ 1.8 ppt
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YoY

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+8% QoQ
+37%
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© 2024 GUC Proprietary & Security B 12 07/25/2024
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Quarterly Sales Breakdown by Technology

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Sales(NT$M) $6,587 $6,810 $6,315 $5,690 $6,720
© 2024 GUC Proprietary & Security B 13 07/25/2024
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Annual Sales Breakdown by Technology

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Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410
© 2024 GUC Proprietary & Security B 14 07/25/2024
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Annual NRE Breakdown by Technology

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Sales(NT$M) $4,614 $4,709 $6,539 $6,763 $4,207
© 2024 GUC Proprietary & Security B 15 07/25/2024
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Annual Turnkey Breakdown by Technology

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Sales(NT$M) $8,525 $10,087 $16,880 $18,981
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$7,987
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Annual Sales Breakdown by Region

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Sales(NT$M) $13,569
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$15,108 $24,040 $26,241 $12,410
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Annual Sales Breakdown by Application

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Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410
© 2024 GUC Proprietary & Security B 18 07/25/2024
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Annual Sales Breakdown by Customer Type

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Sales(NT$M) $13,569 $15,108 $24,040 $26,241 $12,410
© 2024 GUC Proprietary & Security B 19 07/25/2024
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Presentation Disclaimer

The content may only represent current status and are subject to change without prior notice.

© 2024 GUC Proprietary & Security B

07/25/2024

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