Delta Electronics, Inc. · TWSE:2308
Delta Electronics — Q2 2020 Earnings Presentation
21 slides from Delta Electronics's earnings presentation, Jul 30, 2020
Slide 1: Delta Electronics, Inc. Q2 2020 Results Analyst Meeting
台達電子2020年第二季財報法人說明會 線上Q&A說明 • 會議將於 7/30 15:00 準時開始 • 與會者可於線上進行提問 • 提問前請先輸入您所屬的代表機構及姓名 • 如無法線上提問，請聯絡技術團隊：(02)8797-2088 # 5074 Delta Electronics, Inc. Q2 2020 Results Analyst Meeting Instructions of online Q&A • The meeting will start at 15:00, July 30 • Participants may raise your questions via textb
Slide 2: Delta Electronics, Inc. Q2 2020 Results
Delta Electronics, Inc. Q2 2020 Results 台達電子2020年第二季財報法人說明會 30 July 2020
Slide 3: Financial numbers based on IFRS
• The financial numbers hereby are based on International Financial Reporting Standards (IFRS) 本簡報財務數字係根據國際財務報導準則編製 • Cumulative consolidated numbers were reviewed by CPA 合併數字經會計師查閱簽證 3
Slide 4: Q2 2020 Financial Results
Q2 2020 Financial Results 2020年第二季結算數字 4
Slide 5: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits 合併營收及毛利 NT$ billion 新台幣十億元 y/y q/q Sales 年對年 季對季 營收 2Q19 3Q19 4Q19 1Q20 2Q20 Sales 73.4 72.4 68.2 55.7 70.7 Sales -4% +27% 營收 GP 毛利 2Q19 3Q19 4Q19 1Q20 2Q20 GP +17% +58% GP 19.8 20.4 20.0 14.7 23.3 毛利 GPM 27.0% 28.2% 29.3% 26.5% 32.9% 5
Slide 6: Operating Profits & Expenses
Operating Profits & Expenses NT$ billion 營業淨利及費用 新台幣十億元 20.0 6.5 y/y q/q 6.4 年對年 季對季 6.1 6.7 R&D 15.0 5.5 7.5 SG&A 10.0 8.4 8.5 R&D +6% +17% 7.9 OP 研發費用 5.0 7.2 9.3 5.3 5.5 5.4 0.0 2.0 SG&A -10% +3% (% of sales) 2Q19 3Q19 4Q19 1Q20 2Q20 銷管費用 R&D 8.3% 8.8% 9.8% 9.9% 9.2% OPEX -3% +9% SG&A 11.4% 11.8%
Slide 7: Performance by Segment
Performance by Segment 主要部門表現 Sales% 營收佔比 NT$ million Power Electronics 新台幣百萬元 Sales Profits Automation Infrastructure y/y q/q y/y q/q Others 年對年 季對季 年對年 季對季 Power Electronics 37,849 +4% +32% 6,511 +59% +160% 49% 51% 54% 電源及零組件 Automation 10,519 +6% +24% 1,450 +54% +166% 14% 自動化 16% 15% Infrastructu
Slide 8: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion NT$ million 2Q19 1Q20 2Q20 新台幣十億元 新台幣百萬元 Gain on disposal of investment 5,909 (85) 8 處分投資損益 Non-OP Interest income 34 50 48 利息收益 業外損益 FX income 115 376 40 匯兌損益 Others 1,015 516 833 2Q193Q194Q191Q202Q20 其他 non-op 7.1 1.0 0.8 0.9 0.9 Total 7,073 857 929 % of sale
Slide 9: Profits before Tax v.s EBITA
Profits before Tax v.s EBITA 稅前淨利及息稅折舊及攤銷前利潤 NT$ billion Profits 新台幣十億元 before y/y q/q tax 年對年 季對季 稅前淨利 2Q19 3Q19 4Q19 1Q20 2Q20 PBT 12.5 6.5 6.2 2.8 10.2 Profits % of sales 17.0% 9.0% 9.2% 5.1% 14.4% before -18% +259% tax 稅前淨利 EBITA 息稅折舊及 攤銷前利潤 2Q19 3Q19 4Q19 1Q20 2Q20 EBITA 息稅折舊及 -13% +107% EBITA
Slide 10: Net Profits after Tax
Net Profits after Tax 稅後淨利 NT$ billion Net 新台幣十億元 NT$ million 2Q19 1Q20 2Q20 profits 新台幣百萬元 after Profit before income tax 12,442 2,837 10,194 tax 2Q 3Q 4Q 1Q 2Q 稅前淨利 稅後淨利 19 19 19 20 20 Net profits Income tax (2,425) (608) (2,073) 9.5 5.1 5.1 2.1 7.6 所得稅 after tax % of sales 13.0% 7.1% 7.5% 3.7% 10
Slide 11: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 一次性非現金 1.76 處份投資利益-DET 3.67 2.92 1.91 1.97 1.96 0.80 2Q19 3Q19 4Q19 1Q20 2Q20 *EPS based on shares outstanding of 2,598 million. 每股盈餘之設算基於在外流通股數25.98億股。 11
Slide 12: 1H 2020 Financial Results
1H 2020 Financial Results 2020年上半年結算數字 12
Slide 13: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits 合併營收及毛利 NT$ billion 新台幣十億元 1H19 y/y Sales 年對年 營收 1H19 1H20 Sales 127.5 126.4 Sales -1% 營收 GP 毛利 1H19 1H20 GP +12% GP 34.1 38.0 毛利 % of sales 26.7% 30.1% 13
Slide 14: Operating Profits & Expenses
Operating Profits & Expenses 營業淨利及費用 NT$ billion 新台幣十億元 30.0 10.8 12.0 1H20 y/y 年對年 R&D 20.0 14.7 SG&A 14.8 R&D +11% OP 10.0 研發費用 8.5 11.3 0.0 SG&A -1% (% of sales) 1H19 1H20 銷管費用 R&D 8.5% 9.5% OPEX +5% SG&A 11.5% 11.7% 總營業費用 OPEX 20.0% 21.2% OP +32% OPM 6.7% 8.9% 營業淨利 14
Slide 15: Performance by Segment
Performance by Segment 主要部門表現 Sales% NT$ million Sales Profits 營收佔比 新台幣百萬元 Power Electronics Automation y/y y/y Infrastructure Others 1H20 1H20 年對年 年對年 Power Electronics 66,486 11% 9,018 +44% 47% 53% 電源及零組件 Automation 15% 19,015 3% 1,995 +15% 15% 自動化 38% 32% Infrastructure 40,750 -17% 2,689 -15% 基礎設
Slide 16: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion 新台幣十億元 NT$ million 1H19 1H20 新台幣百萬元 Investment income 5,813 (77) 投資損益 Non-OP 業外損益 Interest income 128 98 利息收益 FX income 203 416 匯兌損益 1H19 1H20 Others 1,738 1,349 其他 non-op 7.9 1.8 % of sales 6.2% 1.4% Total 7,882 1,786 合計 16
Slide 17: Profits before Tax v.s EBITA
Profits before Tax v.s EBITA 稅前淨利及息稅折舊及攤銷前利潤 NT$ billion Profits 新台幣十億元 before tax 1H19 y/y 稅前淨利 年對年 1H19 1H20 PBT 16.4 13.0 % of sales 12.9% 10.3% Profits before tax -20% 稅前淨利 EBITA 息稅折舊及 攤銷前利潤 1H19 1H20 EBITA -10% 息稅折舊及攤銷前利潤 EBITA 23.2 21.0 % of sales 18.2% 16.6% 17
Slide 18: Net Profits after Tax
Net Profits after Tax NT$ billion 稅後淨利 新台幣十億元 NT$ million 1H19 1H20 Net 新台幣百萬元 profits Profit before income tax after tax 16,390 13,031 稅前淨利 稅後淨利 1H19 1H20 Income tax (2,914) (2,681) 所得稅 Net profits 12.9 9.7 after tax Non-controlling interest (574) (685) % of sales 10.1% 7.7% 非控制權益 1H20 y/y Net prof
Slide 19: EPS
EPS Unit: NT$ 每股淨利 新台幣元 一次性非現金 1.76 處份投資利益-DET 4.97 3.21 3.72 1H19 1H20 *EPS based on shares outstanding of 2,598 million 每股盈餘之設算基於在外流通股數25.98億股。 19
Slide 20: Business Category
Business Category 業務分類 • ICT infrastructure • EIS infrastructure • Power supplies 資通訊基礎設施 能源基礎設施 電源供應器 • Industrial automation Telecom power Off-board EV charger • Fans & thermal 工業自動化 通信電源 電動車充電設備 風扇及散熱管理 • Building automation Datacenter solutions Renewable energy • Passive components 樓宇自動化
Slide 21: Smarter. Greener. Together.
Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com