Slide 1: Delta Electronics, Inc. 1Q 2016 Results Analyst Meeting
台達電子2016年第一季財報法人說明會 Delta Electronics, Inc. 1Q 2016 Results Analyst Meeting 29 April 2016
Slide 2: Financial numbers based on IFRS
• 本簡報財務數字係根據國際財務報導準則編製 The financial numbers hereby are based on International Financial Reporting Standards (IFRS) • 合併數字係經由會計師核閱簽證 Cumulative consolidated numbers were reviewed by CPA 2 Delta Confidential
Slide 3: 2016 First Quarter Results
2016年第一季結算數字 2016 First Quarter Results 3 Delta Confidential
Slide 4: Sales Revenue
合併營收 Sales Revenue QoQ 單位：新台幣十億元 -15% Unit: NT$ billion YoY +10% 55.9 55.7 48.7 47.6 43.2 1Q15 2Q15 3Q15 4Q15 1Q16 4 Delta Confidential
Slide 5: Sales Revenue by Business (QoQ)
業務分類 (季對季) Sales Revenue by Business (QoQ) 4Q15 1Q16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 53% 52% 能源管理 能源管理 其他 智能綠生活 (Energy 其他 智能綠生活 (Energy (Others) (Smart Mgmt) (Others) (Smart Mgmt) 2% Green Life) 27% 1% Green Life) 27% 19% 19% 5 Delta Confidential
Slide 6: Sales Revenue by Business (QoQ)
業務分類 (季對季) Sales Revenue by Business (QoQ) 單位：新台幣百萬元 Unit: NT$ million 4Q15 1Q16 Change 電源及零組件 (Power Electronics) 29,197 24,785 -15% 能源管理 (Energy Management) 14,851 13,305 -10% 智能綠生活 (Smart Green Life) 10,581 8,842 -16% 6 Delta Confidential
Slide 7: Sales Revenue by Business (YoY)
業務分類 (年對年) Sales Revenue by Business (YoY) 1Q15 1Q16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 52% 56% 能源管理 能源管理 智能綠生活 其他 智能綠生活 (Energy 其他 (Energy (Smart (Others) (Smart Mgmt) (Others) Mgmt) Green Life) 2% Green Life) 27% 1% 22% 21% 19% 7 Delta Confidential
Slide 8: Sales Revenue by Business (YoY)
業務分類 (年對年) Sales Revenue by Business (YoY) 單位：新台幣百萬元 Unit: NT$ million 1Q15 1Q16 Change 電源及零組件 (Power Electronics) 24,537 24,785 1% 能源管理 (Energy Management) 9,450 13,305 41% 智能綠生活 (Smart Green Life) 8,954 8,842 -1% 8 Delta Confidential
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 QoQ -16% YoY +14% 15.8 15.2 13.2 12.8 11.2 28.2% 27.4% 27.0% 26.9% 26.0% 1Q15 2Q15 3Q15 4Q15 1Q16 9 Delta Confidential
Slide 10: R&D Expenses
研發費用 R&D Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -12% YoY +16% 4.0 4.1 3.1 3.4 3.6 7.1% 6.9% 7.1% 7.3% 7.5% 1Q15 2Q15 3Q15 4Q15 1Q16 10 Delta Confidential
Slide 11: SG&A Expenses
銷管費用 SG&A Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -7% YoY +38% 5.6 5.8 5.4 5.0 3.9 11.3% 10.3% 10.1% 10.5% 9.0% 1Q15 2Q15 3Q15 4Q15 1Q16 11 Delta Confidential
Slide 12: Total Operating Expenses
總營業費用 Total Operating Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -9% YoY +29% 9.6 9.9 9.0 8.4 7.0 18.8% 17.3% 17.2% 17.8% 16.1% 1Q15 2Q15 3Q15 4Q15 1Q16 12 Delta Confidential
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 QoQ -28% YoY -9% 6.1 5.3 4.3 4.7 3.9 9.9% 9.7% 11.0% 9.6% 8.1% 1Q15 2Q15 3Q15 4Q15 1Q16 13 Delta Confidential
Slide 14: Operating Profit by Sector
主要部門營業淨利 Operating Profit by Sector 單位：新台幣百萬元 Unit: NT$ million 1Q15 4Q15 1Q16 電源及零組件 (Power Electronics) 3,150 4,078 3,243 能源管理 (Energy Management) 1,470 1,598 1,387 智能綠生活 (Smart Green Life) 809 1,107 508 14 Delta Confidential
Slide 15: Non-Operating Profit
業外損益 Non-Operating Profit 單位：新台幣十億元及營收百分比 QoQ Unit: NT$ billion & % of sales +11% YoY +68% 1.5 1.2 1.4 0.8 0.8 2.6% 2.9% 1.9% 2.2% 1.6% 1Q15 2Q15 3Q15 4Q15 1Q16 15 Delta Confidential
Slide 16: Non-Operating Profit Breakdown
業外損益細項 Non-Operating Profit Breakdown 單位：新台幣百萬元 Unit: NT$ million 1Q15 4Q15 1Q16 處分投資(Investment disposal) (78) 118 92 投資損益(Investment income) 298 324 216 利息及匯兌收益(Interest and FX income) 226 8 99 其他業外損益(Others) 368 779 959 合計(Total) 814 1,229 1,366 16 Delta Confidential
Slide 17: Profit before Income Tax
稅前淨利 Profit before Income Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -20% YoY +3% 7.6 6.6 5.1 5.5 5.2 11.8% 13.6% 11.3% 11.8% 11.0% 1Q15 2Q15 3Q15 4Q15 1Q16 17 Delta Confidential
Slide 18: EBITDA
息稅折舊及攤銷前利潤 EBITDA 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -15% YoY +8% 10.0 8.9 7.0 7.7 7.6 16.3% 15.8% 17.8% 15.9% 16.0% 1Q15 2Q15 3Q15 4Q15 1Q16 18 Delta Confidential
Slide 19: Income Tax & Non-Controlling Interest
所得稅與非控制權益 Income Tax & Non-Controlling Interest 單位：新台幣百萬元 Unit: NT$ million 1Q15 4Q15 1Q16 稅前淨利(Profit before income tax) 5,083 6,569 5,235 所得稅(Income tax) (825) (1,286) (1,189) 非控制權益(Non-controlling interest) (392) (125) (160) 稅後淨利(Net profit after tax) 3,866 5,158 3,887 19 Delta Confidential
Slide 20: Net Profit after Tax
稅後淨利 Net Profit after Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -25% YoY +1% 5.9 5.2 3.9 3.8 3.9 10.5% 9.3% 8.9% 7.8% 8.2% 1Q15 2Q15 3Q15 4Q15 1Q16 20 Delta Confidential
Slide 21: EPS (unit: NT$)
每股淨利(新台幣元) EPS (unit: NT$) 2.27 1.99 1.49 1.46 1.50 1Q15 2Q15 3Q15 4Q15 1Q16 *每股盈餘之設算基於在外流通股數25.98億股 *EPS based on shares outstanding of 2,598 million 21 Delta Confidential
Slide 22: Building Automation Solutions
Building Automation Solutions
Slide 23: WW Commercial Building Automation System (CBAS) Market
WW Commercial Building Automation System CBAS is a big & stable industry with more than $90B market (CBAS) Market size at around 5% CAGR despite economic uncertainty. Energy efficiency is vital to sustainability. Buildings consume ~40% of global energy, and BAS helps buildings to become Commerci
Slide 24: Evolution of Building Automations
Evolution of Building Automations 1980 1990 2000 2010 2020 functional building home remote enhanced Evaluation of controller management automation control energy Building and control system management comfort Technology HVAC integration & health control smart energy Markets green management security
Slide 25: Market Trend
Market Trend Delta Confidential 25
Slide 26: Value Chain Integration
Value Chain Integration Building Automation Solutions Component & General Purpose Integrated Machine/Power Service Equipment Solution Solution Heating, Ventilation, Air valves, actuators, meters, building controllers, advanced BMS/BEMS, • System integration Conditioning, Lighting, sensors, detectors
Slide 27: Smarter. Greener. Together.
Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com