Delta Electronics, Inc. · TWSE:2308
Delta Electronics — Q2 2021 Earnings Presentation
21 slides from Delta Electronics's earnings presentation, Jul 30, 2021
Slide 1: Delta Electronics Q2 2021 Results Analyst Meeting
台達電子2021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 2021 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 2021 Results
Delta Electronics, Inc. Q2 2021 Results 台達電子2021年第二季財報法人說明會 30 July 2021
Slide 3: Basis of financial numbers (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 2021 Financial Results
Q2 2021 Financial Results 2021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 2Q20 3Q20 4Q20 1Q21 2Q21 Sales 70.7 77.7 78.5 72.5 78.8 Sales +11% +9% 營收 GP 毛利 2Q20 3Q20 4Q20 1Q21 2Q21 GP +2% +10% GP 23.3 24.8 24.4 21.6 23.7 毛利 GPM 32.9% 31.9% 31.1% 29.8% 30.1% 5
Slide 6: Operating Profits & Expenses
Operating Profits & Expenses NT$ billion 營業淨利及費用 新台幣十億元 25.0 20.0 6.7 6.8 7.0 y/y q/q 6.5 6.5 年對年 季對季 R&D 15.0 7.7 7.5 7.9 7.9 SG&A 10.0 7.6 R&D +7% +8% OP 研發費用 5.0 9.3 10.4 9.7 7.5 8.8 0.0 SG&A +6% +4% (% of sales) 2Q20 3Q20 4Q20 1Q21 2Q21 銷管費用 R&D 9.2% 8.6% 8.7% 8.9% 8.8% OPEX +7% +6% SG&A 10.6% 9
Slide 7: Performance by Segment
Performance by Segment 主要部門表現 Sales% NT$ million 營收佔比 新台幣百萬元 Sales Profits Power Electronics Automation y/y q/q y/y q/q Infrastructure 年對年 季對季 年對年 季對季 Others Power Electronics 46,833 +17% +8% 5,457 -10% +8% 電源及零組件 57% 60% 59% Automation 12,315 +17% +16% 1,751 +35% +38% 自動化 15% 15% 16% Infrastructure
Slide 8: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion NT$ million 2Q20 1Q21 2Q21 新台幣十億元 新台幣百萬元 Gain on disposal of investment 8 0 90 處分投資損益 Non-OP Interest income 48 48 41 利息收益 業外損益 FX income 40 307 316 匯兌損益 Others 833 958 854 2Q203Q204Q201Q212Q21 其他 non-op 0.9 0.9 0.1 1.3 1.3 Total % of sales 1.3% 1.2% 0.2% 1.8%
Slide 9: Profits before Tax v.s EBITDA
Profits before Tax v.s EBITDA 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 2Q20 3Q20 4Q20 1Q21 2Q21 PBT 10.2 11.4 9.9 8.8 10.1 Profits % of sales 14.4% 14.6% 12.6% 12.2% 12.8% before -1% +14% tax 稅前淨利 EBITDA 息稅折舊及 攤銷前利潤 2Q20 3Q20 4Q20 1Q21 2Q21 EBITDA 息稅折舊及 +1% +10% EBI
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 2Q20 1Q21 2Q21 profits 新台幣百萬元 after Profit before income tax 10,194 8,814 10,081 tax 2Q 3Q 4Q 1Q 2Q 稅前淨利 稅後淨利 20 20 20 21 21 Net profits Income tax (2,073) (1,771) (2,017) 7.6 8.4 7.4 6.6 7.6 所得稅 after tax % of sales 10.7% 10.8% 9.5% 9.1%
Slide 11: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 2.92 3.23 2.86 2.92 2.54 2Q20 3Q20 4Q20 1Q21 2Q21 *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。
Slide 12: 1H 2021 Financial Results
1H 2021 Financial Results 2021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 y/y Sales 年對年 營收 1H20 1H21 Sales 126.4 151.3 Sales +20% 營收 GP 毛利 1H20 1H21 GP +19% GP 38.0 45.3 毛利 % of sales 30.1% 29.9% 13
Slide 14: Operating Profits & Expenses
Operating Profits & Expenses 營業淨利及費用 NT$ billion 新台幣十億元 50.0 40.0 y/y 13.4 年對年 R&D 30.0 12.0 SG&A 20.0 15.6 R&D +12% 14.7 研發費用 OP 10.0 16.3 11.2 0.0 SG&A +6% (% of sales) 1H20 1H21 銷管費用 R&D 9.5% 8.9% OPEX +8% SG&A 11.6% 10.3% 總營業費用 OPEX 21.2% 19.2% OP +45% OPM 8.9% 10.8% 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 1H21 1H21 年對年 年對年 Power Electronics 90,360 +28% 10,518 +36% 56% 電源及零組件 60% Automation 22,933 +21% 3,021 +85% 15% 15% 自動化 29% 25% Infrastructure 37,816 +3% 2,742 +47%
Slide 16: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion 新台幣十億元 NT$ million 1H20 1H21 新台幣百萬元 Investment income (77) 90 投資損益 Non-OP 業外損益 Interest income 98 89 利息收益 FX income 416 623 匯兌損益 1H20 1H21 Others 1,349 1,812 其他 non-op 1.8 2.6 % of sales 1.4% 1.7% Total 1,786 2,614 合計 16
Slide 17: Profits before Tax v.s EBITDA
Profits before Tax v.s EBITDA 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 y/y 稅前淨利 年對年 1H20 1H21 PBT 13.0 18.9 % of sales 10.3% 12.5% Profits before tax +45% 稅前淨利 EBITDA 息稅折舊及 攤銷前利潤 1H20 1H21 EBITDA +30% 息稅折舊及攤銷前利潤 EBITDA 21.0 27.4 % of sales 16.6% 18.1% 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 1H20 1H21 Net 新台幣百萬元 profits Profit before income tax after tax 13,031 18,895 稅前淨利 稅後淨利 1H20 1H21 Income tax (2,681) (3,788) 所得稅 Net profits 9.7 14.2 after tax Non-controlling interest (685) (937) % of sales 7.6% 9.4% 非控制權益 1H20 y/y Net profi
Slide 19: EPS
EPS Unit: NT$ 每股淨利 新台幣元 5.46 3.72 1H20 1H21 *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