Yageo (2327) Company presentation summary

Company overview and strategy

• Headquartered in Taipei, with over 40,000 employees and more than 100 locations worldwide, generating $4B in annual revenue.

• Holds leading positions in chip resistors and tantalum capacitors, and is among the top three in MLCCs and inductors.

• Pursues growth through organic expansion and M&A, aiming to be a powerhouse in passive components.

• Offers a broad product portfolio targeting key sectors such as automotive, industrial, IoT, and alternative energy.

• Focuses on innovative, customized services and expanding global presence through sales networks and blue-chip customers.

Market position and customer base

• Only provider with leading positions in resistors, capacitors, and inductors, with a diversified product range including sensors and wireless components.

• Products are used in AI, automotive, industrial, 5G/6G, cloud, medical, aerospace, and consumer electronics.

• Customer base includes major global brands, EMS, OEM/ODM, and distributors such as Bosch, NVIDIA, Intel, Samsung, Foxconn, and Avnet.

• Ranked No. 1 in chip resistors and tantalum capacitors, No. 3 in MLCCs and inductors globally.

Recent mergers and financial highlights

• Completed acquisitions of Nexensos (EUR 79.4M), Telemecanique Sensors (EUR 686M), Chilisin, KEMET (US$1.64B), and Pulse Electronics (US$740M).

• Achieved 2023 revenue of NTD $107.6B, gross margin of 33.5%, operating margin of 19%, EPS of NT$41.8, and ROE of 13.6%.