Solomon Systech (International) Ltd. · HKEX:2878
Solomon Systech (International) — H1 2006 Earnings Presentation
16 slides from Solomon Systech (International)'s earnings presentation, Aug 3, 2006
Slide 1: Interim Results Presentation 2006
SOLOMON SYSTECH Interim Results _ Presentation 2006
Slide 2: Table of contents
www.solomon-systech.com Table of contents • Summary • Financial review • Business review • Outlook SSIL 2006 Interim Results 3 August P. 2
Slide 3: Summary
www.solomon-systech.com Summary SSIL 2006 Interim Results 3 August P. 3
Slide 4: Results summary
www.solomon-systech.com Results summary • Unit shipment was up 16%, year-on-year • Sales amounted to approximately US$150 million • Net profit was about US$18 million • Basic EPS reached 5.7 HK cents for the 6-month period • Dividend per share was 2.0 HK cents • Global market share in mobile phone d
Slide 5: Financial Review
www.solomon-systech.com Financial Review SSIL 2006 Interim Results 3 August P. 5
Slide 6: Profit and loss
www.solomon-systech.com Profit and loss Six months ended 30 June YoY (US$ million) 2006 2005 Change Sales 149.4 185.7 -20% Gross profit 37.0 57.9 -36% Gross margin 25% 31% Net profit 17.9 36.3 -51% Net margin 12% 20% (HK cents) Earnings per share 5.7 11.7 Dividends per share 2.0 4.0 SSIL 2006 Interi
Slide 7: Balance sheet
www.solomon-systech.com Balance sheet As at 30 As at 30 YoY (US$ million) June 2006 June 2005 Change Total assets 230.2 238.2 -3% Total borrowings Nil Nil N/A Shareholders’ funds 180.1 176.3 2% Net cash 106.0 159.2 -33% (HK cents) Shareholders’ funds per share 56 55 2% Net cash per share 33 49 -33%
Slide 8: Business Review
www.solomon-systech.com Business Review SSIL 2006 Interim Results 3 August P. 8
Slide 9: Units shipment by product line
www.solomon-systech.com Units shipment by product line 140 120 100 MISC. Units (million) L-TFT 80 OLED 60 m-TFT CSTN 40 MONO 20 0 1H 2002 1H 2003 1H 2004 1H 2005 1H 2006 Note: L-TFT denotes large display driver ICs Miscellaneous includes other IC products SSIL 2006 Interim Results 3 August P. 9
Slide 10: Change in blended ASP
www.solomon-systech.com Change in blended ASP 2.0 1.69 1.71 1.61 1.5 1.29 1.20 US$ 1.0 0.5 0.0 1H 2002 1H 2003 1H 2004 1H 2005 1H 2006 SSIL 2006 Interim Results 3 August P. 10
Slide 11: Gross margin and market share
www.solomon-systech.com Gross margin and market share Gross margin SSIL market share (RHS) 50% 25% 40% 20% 30% 15% 20% 10% 10% 5% 0% 0% 2002 2003 2004 2005 1H 2006 Assumptions: (1) The percentage of mobile phone with dual display versus the total mobile phone shipment – 20% (2002), 23% (2003), 27% (
Slide 12: New products & applications
www.solomon-systech.com New products & applications • Solid relationship with STN / CSTN core customers m-TFT • New m-TFT phone apart from RAZR • New application in main display of mobile phone OLED • New design-wins from top-tier brand names • E-paper & microdisplay products launched New display •
Slide 13: New products expected in 2H
www.solomon-systech.com New products expected in 2H To strengthen leading position with competitive products • Mobile Display – STN / CSTN ! More cost down, features rich display ICs – m-TFT / LTPS ! Broader customers base & products offering – OLED ! New products for main display, MP4 & notebook PC
Slide 14: Outlook
www.solomon-systech.com Outlook SSIL 2006 Interim Results 3 August P. 14
Slide 15: General views on 2H
www.solomon-systech.com General views on 2H Market • Mobile phone market moderate growth • Limited visibility for 4Q and mindful of channel inventory • OLED demand recovery from 1H Products • Electrophoretic Display ICs into mass production • Expanded products portfolio for CSTN & m-TFT areas Custom
Slide 16: Thank You
www.solomon-systech.com Thank You Solomon Systech (International) Limited Stock code: 2878 SSIL 2006 Interim Results 3 August P. 16
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