PCL Technologies (4977) investor relations material

Executive summary

• Revenue for Q2 2023 was NT$222.3 million, down 18% year-over-year; first half revenue was NT$430.6 million, down 21% year-over-year.

• Net income for Q2 2023 was NT$214.5 million, a 29% decrease year-over-year; first half net income was NT$120.5 million, down 39% year-over-year.

• Gross margin for Q2 2023 was 23%, consistent with the prior year; first half gross margin was 21%.

• Basic EPS for Q2 2023 was NT$2.66, compared to NT$3.82 in Q2 2022; first half EPS was NT$1.50, down from NT$2.51.

Financial highlights

• Operating expenses for Q2 2023 totaled NT$71.3 million, up from NT$53.7 million year-over-year.

• Operating profit for Q2 2023 was NT$21.8 million, down from NT$53.7 million in Q2 2022.

• Total assets as of June 30, 2023, were NT$7.15 billion, up from NT$4.69 billion a year earlier.

• Cash and cash equivalents at quarter-end were NT$704.4 million.

• Long-term borrowings increased to NT$1.64 billion, reflecting new financing for acquisitions.

Outlook and guidance

• The company completed a major acquisition of four companies in China and Thailand, paying NT$3.1 billion.

• Announced a planned cash capital increase of 8.3 million shares at NT$100 per share, expected to raise NT$830 million.

• Proceeds from the capital raise will be used to repay debt and support future growth.