Asia Vital Components (3017) Investor presentation summary

Financial performance highlights

• Q3 2024 sales revenue reached NTD 19,065 million, up 16% QoQ and 21% YoY, with net income at NTD 2,324 million, up 19% QoQ and 63% YoY.

• Q1–Q3 2024 sales revenue totaled NTD 50,857 million, a 20% YoY increase, and net income rose 61% YoY to NTD 5,835 million.

• Gross margin for Q3 2024 was 23.5%, and for Q1–Q3 2024, it was 22.9%, both showing improvement over prior periods.

• EPS for Q3 2024 was NTD 6.02, up 18.5% QoQ and 61.8% YoY; Q1–Q3 2024 EPS was NTD 15.18, up 56% YoY.

• Operating income for Q1–Q3 2024 increased 49% YoY, and pretax income rose 57% YoY.

Revenue and earnings growth trends

• Revenue CAGR from 2018 to 2023 was 15.3%, with 2023 revenue at NTD 59.2 billion.

• EPS CAGR from 2018 to 2023 was 47.6%, with 2023 EPS at NTD 14.11.

• Yearly revenue and EPS growth rates have consistently been in double digits since 2018.

Product and segment mix

• Thermal products accounted for 55% of Q1–Q3 2024 revenue, chassis 13%, system integration 22%, and Fositek (Hinge) 11%.

• Server & Networking contributed 34%, system integration 22%, 3C 17%, telecom 13%, and Fositek (Hinge) 11% of Q1–Q3 2024 revenue.

• Thermal products and server/networking segments remain the largest contributors to total revenue.