Delta Electronics, Inc. · TWSE:2308

Delta Electronics — Q2 2016 Earnings Presentation

39 slides from Delta Electronics's earnings presentation, Jul 29, 2016

1. Slide 1: Delta Electronics, Inc. 2Q 2016 Results Analyst Meeting

   台達電子2016年第二季財報法人說明會 Delta Electronics, Inc. 2Q 2016 Results Analyst Meeting 29 July 2016

2. 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

3. Slide 3: 2016 Second Quarter Results

   2016年第二季結算數字 2016 Second Quarter Results 3 Delta Confidential

4. Slide 4: Sales Revenue

   合併營收 Sales Revenue QoQ 單位：新台幣十億元 +11% Unit: NT$ billion YoY +8% 55.9 55.7 52.7 48.7 47.6 2Q15 3Q15 4Q15 1Q16 2Q16 4 Delta Confidential

5. Slide 5: Sales Revenue by Business (QoQ)

   業務分類 (季對季) Sales Revenue by Business (QoQ) 1Q16 2Q16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 52% 51% 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) 1% Green Life) 28% 2% Green Life) 29% 19% 18% 5 Delta Confidential

6. 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 1Q16 2Q16 Change 電源及零組件 (Power Electronics) 24,713 27,003 9% 能源管理 (Energy Management) 13,305 15,485 16% 智能綠生活 (Smart Green Life) 8,842 9,399 6% 6 Delta Confidential

7. Slide 7: Sales Revenue by Business (YoY)

   業務分類 (年對年) Sales Revenue by Business (YoY) 2Q15 2Q16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 53% 51% 能源管理 其他 能源管理 (Others) 智能綠生活 其他 智能綠生活 (Energy (Energy 1% (Smart Green Mgmt) (Others) (Smart Mgmt) Life) 28% 2% Green Life) 29% 18% 18% 7 Delta Confidential

8. 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 2Q15 2Q16 Change 電源及零組件 (Power Electronics) 25,813 27,003 5% 能源管理 (Energy Management) 14,008 15,485 11% 智能綠生活 (Smart Green Life) 8,670 9,399 8% 8 Delta Confidential

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 QoQ +15% YoY +12% 15.8 15.2 14.8 13.2 12.8 28.2% 28.1% 27.0% 27.4% 26.9% 2Q15 3Q15 4Q15 1Q16 2Q16 9 Delta Confidential

10. 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 +8% YoY +13% 4.0 4.1 3.8 3.4 3.6 7.1% 7.3% 7.5% 7.3% 6.9% 2Q15 3Q15 4Q15 1Q16 2Q16 10 Delta Confidential

11. 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 +6% YoY +14% 5.6 5.8 5.4 5.7 5.0 11.3% 10.9% 10.3% 10.1% 10.5% 2Q15 3Q15 4Q15 1Q16 2Q16 11 Delta Confidential

12. 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 +7% YoY +14% 9.6 9.9 9.0 9.6 8.4 17.8% 18.8% 18.2% 17.3% 17.2% 2Q15 3Q15 4Q15 1Q16 2Q16 12 Delta Confidential

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 QoQ +34% YoY +10% 6.1 5.3 5.2 4.7 3.9 9.7% 11.0% 9.6% 9.9% 8.1% 2Q15 3Q15 4Q15 1Q16 2Q16 13 Delta Confidential

14. 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 2Q15 1Q16 2Q16 電源及零組件 (Power Electronics) 3,666 3,278 3,670 能源管理 (Energy Management) 1,763 1,387 1,884 智能綠生活 (Smart Green Life) 705 508 914 14 Delta Confidential

15. 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 -53% YoY -16% 1.5 1.2 1.4 0.8 2.9% 0.6 2.6% 2.2% 1.6% 1.2% 2Q15 3Q15 4Q15 1Q16 2Q16 15 Delta Confidential

16. 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 NTD$M元 2Q15 1Q16 2Q16 處分投資 (Investment disposal) (163) 92 22 採權益法之投資損益 (Investment income under equity method) 305 216 221 利息收益淨額 (Interest income) 50 62 71 滙兌損益 (FX income) 36 37 72 其他 (Others) 535 959 252 合計 (Total) 763 1,366 638 16

17. 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 +12% YoY +6% 7.6 6.6 5.5 5.2 5.8 13.6% 11.8% 11.3% 11.0% 11.1% 2Q15 3Q15 4Q15 1Q16 2Q16 17 Delta Confidential

18. 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 +8% YoY +6% 10.0 8.9 7.7 7.6 8.2 15.8% 17.8% 16.0% 15.5% 15.9% 2Q15 3Q15 4Q15 1Q16 2Q16 18 Delta Confidential

19. 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 2Q15 1Q16 2Q16 稅前淨利 (Profit before income tax) 5,506 5,235 5,841 所得稅 (Income tax) (1,293) (1,189) (1,475) 非控制權益 (Non-controlling interest) (418) (159) (73) 稅後淨利 (Net profit after tax) 3,795 3,887 4,293 19 Delta Confidential

20. 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 +10% YoY +13% 5.9 5.2 3.8 3.9 4.3 10.5% 9.3% 7.8% 8.2% 8.2% 2Q15 3Q15 4Q15 1Q16 2Q16 20 Delta Confidential

21. Slide 21: EPS (unit: NT$)

    每股淨利(新台幣元) EPS (unit: NT$) 2.27 1.99 1.65 1.46 1.50 2Q15 3Q15 4Q15 1Q16 2Q16 *每股盈餘之設算基於在外流通股數25.98億股算，2015年數字未經會計師核閱。 *EPS based on shares outstanding of 2,598 million. The figures of Y2015 have not been reviewed by CPA. 21 Delta Confidential

22. Slide 22: 2016 First Half Accumulated Results

    2016年上半年結算數字 2016 First Half Accumulated Results 22 Delta Confidential

23. Slide 23: Revenues 1H15 1H16

    合併營收 Revenues 單位：新台幣十億元 Unit: NT$ billion +9% 91.9 100.3 1H15 1H16 23 Delta Confidential

24. Slide 24: Revenues by Business

    業務分類 Revenues by Business 1H15 1H16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 55% 52% 其他 能源管理 其他 智能綠生活 (Energy (Others) 智能綠生活 能源管理 (Others) (Smart Green Mgmt) 1% (Energy Mgmt) (Smart Green Life) Life) 1% 25% 29% 19% 18% 24 Delta Confidential

25. Slide 25: Revenues by Business

    業務分類 Revenues by Business 單位：新台幣百萬元 Unit: NT$ million 1H15 1H16 Change 電源及零組件 (Power Electronics) 50,272 51,715 3% 能源管理 (Energy Management) 23,458 28,790 23% 智能綠生活 (Smart Green Life) 17,624 18,241 4% 25 Delta Confidential

26. Slide 26: Gross Profits

    營業毛利 Gross Profits 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +13% 27.6 24.4 27.5% 26.5% 1H15 1H16 26 Delta Confidential

27. Slide 27: 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 +15% 7.4 6.4 7.0% 7.4% 1H15 1H16 27 Delta Confidential

28. Slide 28: 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 +25% 11.1 8.9 9.7% 11.1% 1H15 1H16 28 Delta Confidential

29. Slide 29: Operating Expenses

    總營業費用 Operating Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +21% 18.5 15.4 18.5% 16.7% 1H15 1H16 29 Delta Confidential

30. Slide 30: Operating Profits

    營業淨利 Operating Profits 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +1% 9.0 9.1 9.8% 9.1% 1H15 1H16 30 Delta Confidential

31. Slide 31: Operating Profits by Sector

    主要部門營業淨利 Operating Profits by Sector 單位：新台幣百萬元 Unit: NT$ million 1H15 1H16 電源及零組件 (Power Electronics) 6,841 6,948 能源管理 (Energy Management) 3,233 3,271 智能綠生活 (Smart Green Life) 1,515 1,422 31 Delta Confidential

32. Slide 32: Non-Operating Profits

    業外損益 Non-Operating Profits 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +27% 2.0 1.6 1.7% 2.0% 1H15 1H16 32 Delta Confidential

33. Slide 33: Non-Operating Income Breakdown

    業外損益細項 Non-Operating Income Breakdown 單位：新台幣百萬元 Unit: NT$ million NTD$M元 1H15 1H16 處分投資 (Investment disposal) (241) 114 採權益法之投資損益 (Investment income under equity method) 603 437 利息收益淨額 (Interest income) 151 133 滙兌損益 (FX income) 161 109 其他 (Others) 903 1,211 合計 (Total) 1,577 2,004 33 Delta Confidenti

34. Slide 34: Net Incomes Before Taxes

    稅前淨利 Net Incomes Before Taxes 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +5% 10.6 11.1 11.5% 11.1% 1H15 1H16 34 Delta Confidential

35. Slide 35: EBITDA

    息稅折舊及攤銷前利潤 EBITDA +7% 14.7 15.7 16.0% 15.7% 1H15 1H16 35 Delta Confidential

36. Slide 36: Taxes & Non-controlling Interests

    所得稅與非控制權益 Taxes & Non-controlling Interests 單位：新台幣百萬元 Unit: NT$ million 1H15 1H16 稅前淨利(Net income before tax) 10,590 11,077 所得稅(Tax) (2,118) (2,664) 非控制權益(Non-controlling interest) (812) (233) 稅後淨利(Net income after tax) 7,660 8,180 36 Delta Confidential

37. Slide 37: Net Incomes After Taxes

    稅後淨利 Net Incomes After Taxes 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +7% 8.2 7.7 8.3% 8.2% 1H15 1H16 37 Delta Confidential

38. Slide 38: EPS (unit: NT$)

    每股淨利(新台幣元) EPS (unit: NT$) 2.95 3.15 1H15 1H16 *每股盈餘之設算基於在外流通股數25.98億股，1H15未經會計師核閱。 *EPS based on shares outstanding of 2,598 million. The figure of 1H15 have not been reviewed by CPA. 38 Delta Confidential

39. Slide 39: Smarter. Greener. Together.

    Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com

Delta Electronics — Q2 2016 Earnings Presentation on 6ix