Delta Electronics, Inc. · TWSE:2308

Delta Electronics — H1 2009 Earnings Presentation

36 slides from Delta Electronics's earnings presentation, Aug 18, 2009

  1. Slide 1: 2009 1H Result Analyst Meeting

    2009年 上半年財報 法人說明會 2009 1H Result Analyst Meeting 18 Aug 2009 1

  2. Slide 2: Consolidated financials basis of preparation

    • 合併財務數字乃根據財務會計準則公報第七號編製 Consolidated financials are based on Statement of Financial Accounting Standard No. 7 • 所有合併數字均經由會計師查核 Consolidated numbers are audited by CPA 2

  3. Slide 3: 2009 Second Quarter Results

    2009年第二季結算數字 2009 Second Quarter Results 3

  4. Slide 4: Revenues

    合併營收 Revenues 單位：新台幣十億元 Unit: NT$ billion QoQ +14% 41.0 YoY 36.2 31.9 29.3 -19% 25.6 2Q08 3Q08 4Q08 1Q09 2Q09 4

  5. Slide 5: Revenues by Product (1)

    業務分類 (1) Revenues by Product (1) 1Q09 2Q09 其他 其他 (Others) (Others) 13% 13% 機電 機電 (IA) (IA) 5% 6% 零組件 零組件 (CP) (CP) 電源 電源 17% 17% (PS) (PS) 60% 視訊 62% 視訊 (DS) (DS) 3% 4% 5

  6. Slide 6: Revenues by Product (1) - QoQ table

    業務分類 (1) Revenues by Product (1) 單位：新台幣百萬元 Unit: NT$ million 1Q09 2Q09 Change PS 15,965 17,555 10% CP 4,431 5,032 14% DS 717 1,247 74% IA 1,194 1,701 43% Others 3,280 3,716 13% Total 25,587 29,251 14% 6

  7. Slide 7: Revenues by Product (2)

    業務分類 (2) Revenues by Product (2) 2Q08 2Q09 其他 其他 (Others) (Others) 14% 13% 機電 機電 (IA) (IA) 4% 6% 零組件 零組件 (CP) (CP) 電源 電源 18% 17% (PS) (PS) 61% 60% 視訊 視訊 (DS) (DS) 3% 4% 7

  8. Slide 8: Revenues by Product (2) - YoY table

    業務分類 (2) Revenues by Product (2) 單位：新台幣百萬元 Unit: NT$ million 2Q08 2Q09 Change PS 21,628 17,555 -19% CP 6,712 5,032 -25% DS 1,131 1,247 10% IA 1,541 1,701 10% Others 5,187 3,716 -28% Total 36,199 29,251 -19% 8

  9. Slide 9: Gross Profit

    營業毛利 Gross Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 6.16 7.56 6.20 5.59 4.72 21.2% 18.4% 18.5% 17.0% 17.5% 2Q08 3Q08 4Q08 1Q09 2Q09 9

  10. Slide 10: R&D Expense

    研發費用 R&D Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 1.63 1.67 1.58 1.50 1.59 5.9% 5.4% 4.5% 5.0% 4.1% 2Q08 3Q08 4Q08 1Q09 2Q09 10

  11. Slide 11: SG&A Expense

    銷管費用 SG&A Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 2.11 2.12 1.92 2.00 1.55 6.8% 5.8% 6.0% 6.1% 5.2% 2Q08 3Q08 4Q08 1Q09 2Q09 11

  12. Slide 12: Operating Expense

    總營業費用 Operating Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.74 3.79 3.51 3.59 3.05 11.9% 12.3% 10.3% 11.0% 9.2% 2Q08 3Q08 4Q08 1Q09 2Q09 12

  13. Slide 13: Operating Profit

    營業淨利 Operating Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.77 2.42 2.61 2.08 1.67 9.2% 8.9% 6.7% 6.5% 6.5% 2Q08 3Q08 4Q08 1Q09 2Q09 13

  14. Slide 14: Non-Operating Profit

    業外損益 Non -Operating Profit Non-Operating 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 1.35 1.09 0.87 0.79 0.40 3.7% 3.4% 2.7% 2.7% 1.3% 2Q08 3Q08 4Q08 1Q09 2Q09 14

  15. Slide 15: Non-Operating Income Breakdown

    業外損益細項 Non -Operating Income Breakdown Non-Operating 單位：新台幣百萬元 Unit: NT$ million 1Q09 2Q09 處分投資(Investment disposal) 6 (6) 投資損益(Investment income) 141 151 利息收益(Interest income) 70 125 現金股利(Cash Dividend) 0 16 匯兌損益(F/X) * 366 81 其他業外損益(Others) 286 423 合計(Total) 869 790 * 包含外匯相關金融資產評價變更 * Including FX

  16. Slide 16: Net Income Before Tax

    稅前淨利 Net Income Before Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 4.86 3.76 3.40 2.48 2.54 11.9% 11.6% 10.4% 9.9% 7.8% 2Q08 3Q08 4Q08 1Q09 2Q09 16

  17. Slide 17: Tax & Minority Interest

    所得稅與少數股權 Tax & Minority Interest 單位：新台幣百萬元 Unit: NT$ million 1Q09 2Q09 稅前淨利 (Net income before tax) 2,542 3,403 所得稅 (Tax) (452) 559 少數股權淨利 (Minority interest) (382) (486) 稅後淨利 (Net income after tax) 1,707 3,475 17

  18. Slide 18: Net Income After Tax

    稅後淨利 Net Income After Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.48 2.83 3.08 1.75 1.71 11.9% 7.8% 7.5% 6.7% 5.5% 2Q08 3Q08 4Q08 1Q09 2Q09 18

  19. Slide 19: EPS (unit: NT$)

    每股淨利 (新台幣元) 每股淨利(新台幣元) EPS (unit: NT$) 1.56 1.27 1.37 0.78 0.76 2Q08 3Q08 4Q08 1Q09 2Q09 *每股盈餘之設算基於加權平均股數22.32億股 *EPS based on weighted average shares outstanding of 2,232 million shares. 19

  20. Slide 20: 2009 First Half Accumulated Results

    2009年上半年結算數字 2009 First Half Accumulated Results 20

  21. Slide 21: Revenues

    合併營收 Revenues 單位：新台幣十億元 Unit: NT$ billion 69.7 -21% 54.8 1H08 1H09 21

  22. Slide 22: Revenues by Product

    業務分類 Revenues by Product 1H08 1H09 其他 其他 (Others) (Others) 13% 14% 機電 機電 (IA) (IA) 5% 5% 零組件 零組件 (CP) 電源 (CP) 電源 19% (PS) 17% (PS) 59% 61% 視訊 視訊 (DS) (DS) 4% 3% 22

  23. Slide 23: Revenues by Product - 1H table

    業務分類 Revenues by Product 1H08 1H09 Change PS 41,347 33,520 -19% CP 12,968 9,463 -27% DS 2,327 1,964 -16% IA 3,290 2,895 -12% Others 9,787 6,996 -29% Total 69,719 54,838 -21% 23

  24. Slide 24: Gross Profit

    營業毛利 Gross Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 12.57 10.92 19.9% 18.0% 1H08 1H09 24

  25. Slide 25: R&D Expense

    研發費用 R&D Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.20 3.08 4.6% 5.6% 1H08 1H09 25

  26. Slide 26: SG&A Expense

    銷管費用 SG&A Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 4.09 3.56 6.5% 5.9% 1H08 1H09 26

  27. Slide 27: Operating Expense

    總營業費用 Operating Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 7.29 6.64 10.5% 12.1% 1H08 1H09 27

  28. Slide 28: Operating Profit

    營業淨利 Operating Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 5.28 4.29 7.6% 7.8% 1H08 1H09 28

  29. Slide 29: Non-Operating Profit

    業外損益 Non -Operating Profit Non-Operating 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 2.16 1.66 3.1% 3.0% 1H08 1H09 29

  30. Slide 30: Non-Operating Income Breakdown

    業外損益細項 Non -Operating Income Breakdown Non-Operating 單位：新台幣百萬元 Unit: NT$ million 1H08 1H09 處分投資(Investment disposal) 112 0 投資損益(Investment income) 343 292 利息收益(Interest income) 480 194 現金股利(Cash Dividend) 26 16 匯兌損益(F/X) * 691 447 其他業外損益(Others) 511 709 合計(Total) 2,162 1,658 * 包含外匯相關金融資產評價變更 * Inclu

  31. Slide 31: Net Income Before Tax

    稅前淨利 Net Income Before Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 7.45 5.94 10.7% 10.8% 1H08 1H09 31

  32. Slide 32: Tax & Minority Interest

    所得稅與少數股權 Tax & Minority Interest 單位：新台幣百萬元 Unit: NT$ million 1H08 1H09 稅前淨利 (Net income before tax) 7,445 5,944 所得稅 (Tax) (1,207) 107 少數股權淨利 (Minority interest) (814) (868) 稅後淨利 (Net income after tax) 5,425 5,183 32

  33. Slide 33: Net Income After Tax

    稅後淨利 Net Income After Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 5.42 5.18 9.5% 7.8% 1H08 1H09 33

  34. Slide 34: EPS (unit: NT$)

    每股淨利 (新台幣元) 每股淨利(新台幣元) EPS (unit: NT$) 2.43 2.32 1H08 1H09 *每股盈餘之設算基於加權平均股數22.32億股 *EPS based on weighted average shares outstanding of 2,232 million shares. 34

  35. Slide 35: Consolidated Balance Sheets

    合併資產負債表 Consolidated Balance Sheets 單位：新台幣百萬元 資 產 負債及股東權益 1H09 1H08 1H09 1H08 現金及約當現金(Cash & cash equivalents) 50,162 44,743 短期借款(Short-term loans) 5,840 5,183 應收帳款(Receivables) 25,931 30,583 應付帳款(Payables) 35,094 45,901 存貨(Inventory) 7,565 10,757 流動負債合計(Total Current Liability) 42,379 52,466 長期股權投資

  36. Slide 36: THANK YOU !

    newts ee | THANK YOU !

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