Acter Group Co., Ltd. (hereinafter “Acter*”, Ticker: 5536 TT) was invited to attend 2022 Financial Result Analyst Meeting hosted by PrimAsia Securities today (April 11, 2023). Despite changes in the global macroeconomy mid-2022, Acter* delivered strong performance with the group's revenue and profits reaching historical high. The consolidated revenue for 2022 amounted NT$28.26 billion, with a net profit attributable to the owner of the parent company of NT$1.93 billion, and earnings per share (EPS) of NT$16.84 (calculated based on a par value of NT$5 per share, equivalent to NT$33.68 calculated based on a par value of NT$10 per share), representing a growth of 40%, 61%, and 60%, respectively, compared to the previous year. The strong growth momentum mainly came from revenue recognition of construction projects in the semiconductor and electronics industries.

By region, Taiwan accounted for 56% of 2022 revenues, followed by mainland China 37%, and Southeast Asia 7%. Compared to 45% in 2021, the increased revenue mix from Taiwan was mainly driven by the projects created by the global supply chain restructuring. By industry, semiconductors accounted for 59%, electronic assembly 17%, and other industries 24%. As semiconductor-related projects gradually completed, the share slightly decreased compared to 61% in 2021.

Management pointed out that Acter*’s competitive advantage lies mainly in the planning, integration, and execution of intelligent green engineering projects, helping customers achieve energy-saving and carbon-reduction goals. With its diverse industry experience, Acter* can integrate systems more comprehensively, respond and solve problems more quickly, and provide customers with complete services to improve engineering integration efficiency. At the same time, the multi-region strategy and productive local manpower can provide on-site services to customers in a timely manner and penetrate local markets. In the past five years (2018-2022), the average annual growth rate of the group's new orders reached 31.3%, demonstrating the results of the Group’s strong competitive advantages.

By the end of 2022, Acter*'s backlog reached NT$30.5 billion. In terms of geographic distribution, Taiwan had the highest proportion at 55%, followed by mainland China 36%, and Southeast Asia 9%. By industry, semiconductors accounted for 52%, consumer-related projects for 17%, electronic assembly for 14%, and other projects for 17%. In the face of the overall economic and geopolitical challenges, there remains uncertainty in 2023. Nonetheless, Acter*'s multi-industry/multi-region strategies should mitigate negative impacts. Moreover, the strong backlog will be sufficient to support the group's operations for the next 1-2 years.

Looking ahead, Taiwan's integration into the global resilient supply chain will continue to drive investment across industries and bring new opportunities for Acter*. In China, since the lifting of Covid-19 restrictions, production activities have gradually resumed, and enterprises are expected to launch new investments in the second half of 2023, leading to growth in Acter*'s new orders from China. In Southeast Asia, management expects order momentum to accelerate as global supply chain restructuring continues to create new project opportunities in the region. In summary, Taiwan and China are still the main sources of new projects, while Southeast Asia is expected to show an accelerated order growth momentum.

News Contact:

Acter Assistant Vice President  Miss Tsao  (04)2261-5288  IR@acter.com.tw

IPR Advisors   Tim Chen   (02)2758-0339  ir@ipradvisors.com