Sanil Electric (A062040) Investor presentation summary

Investment highlights

• Sales CAGR of 82% and operating profit CAGR of 865% from 2021 to 2023, with major customers in US power grid, renewable energy, ESS, and data centers.

• 85% of sales are exports, mainly to the US, Europe, and Japan, with long-term relationships with global companies like GE, Siemens, and TMEIC.

• Production capacity supports up to 53,000 units per year, with a shareholder-centered, long-term business approach.

Business performance and financials

• Sales grew from KRW 64.8 billion in 2021 to KRW 214.5 billion in 2023, with a 2024 Q1 operating profit margin of 32.9%.

• Gross profit increased from KRW 10.2 billion in 2021 to KRW 77.8 billion in 2023, and net profit rose from KRW 1.2 billion to KRW 39.1 billion in the same period.

• Total assets reached KRW 280.8 billion by Q1 2024, with equity of KRW 138.6 billion.

Market trends and demand drivers

• Global transformer demand is rising due to aging power grids in the US and Europe, renewable energy expansion, and increased data center and EV charging station installations.

• Renewable energy is projected to become the leading power generation source by 2025, supported by global policy incentives.

• Data centers and EV charging infrastructure are major growth drivers, with 210 million EV charging stations expected globally by 2030.