Lite-On Technology Corp. · TWSE:2301
Lite-On Technology — Q2 2010 Earnings Presentation
12 slides from Lite-On Technology's earnings presentation, Aug 25, 2010
Slide 1: Lite-On Technology 2Q10 Results Presentation
Lite-On Technology 2Q10 Results Presentation August 25, 2010
Slide 2: Safe Harbor Notice
Safe Harbor Notice Lite-On Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements. 2
Slide 3: Agenda
Agenda ● 2Q10 Results ● Highlights and Business Outlook ● Q&A 3
Slide 4: 2Q10 Results
2Q10 Results (Lite-On Tech Pro Forma ) In NT Millions 2Q10 1Q10 QoQ 2Q09 YoY Amount % Amount % % Amount % % Net Sales 32,349 100.0 28,671 100.0 12.8 22,678 100.0 42.6 COGS 28,131 87.0 25,116 87.6 12.0 19,450 85.8 44.6 Gross Profit 4,218 13.0 3,555 12.4 18.6 3,228 14.2 30.7 Operating Expense 2,172 6.
Slide 5: 1H10 Results
1H10 Results In NT Millions 1H10 1H09 YoY Amount % Amount % % Net Sales 61,020 100.0 42,124 100.0 44.9 COGS 53,247 87.3 36,497 86.6 45.9 Gross Profit 7,773 12.7 5,628 13.4 38.1 Operating Expense 4,233 6.9 3,359 8.0 26.0 Operating Profit 3,540 5.8 2,269 5.4 56.0 Other Income/Expense 1,594 2.6 94 0.2
Slide 6: Non-Operating Items
Non-Operating Items In NT$ Millions 2Q10 1H10 Net Interest (15) (41) FX 18 2 Investment Income 0 LOIT 336 680 Silitech 139 253 LOS 35 57 Perlos 142 370 Others 261 274 Total 915 1,594 6
Slide 7: Perlos 2Q10 Results
Perlos 2Q10 Results In € Millions 2Q10 1Q10 QoQ 2Q09 YoY Net Sales 138.7 133.1 4% 104.0 33% COGS 119.4 112.9 6% 91.5 30% Gross Profit 19.3 20.2 -4% 12.5 54% Operating Expense 12.1 11.8 3% 12.4 -2% Operating Profit 7.2 8.3 -13% 0.1 7100% OI/OE (1.9) (1.2) -54% 6.3 -- PBT 5.3 7.1 -25% 6.4 -17% Tax 1.9
Slide 8: Sustainable margin expansion in 3Q
Sustainable margin expansion in 3Q 40,000 14.2% 14.7% 14.2% 14.6% 35,000 GP% 14.4% 32,349 13.0% 13.0% 30,000 30,120 28,560 28,671 12.3% 12.3% 12.4% 26,613 26,545 25,297 25,000 23,417 22,678 Million NT$ 20,000 19,446 8.2% 8.5% 7.7% 7.6% 7.3% OPEX% 7.9% 8.0% 7.2% 6.7% 15,000 7.7% 7.1% 7.3% OP% 6.5% 6.
Slide 9: 2Q10 Highlights
2Q10 Highlights Solid sales growth in Q2 ● Q2 sales up 13% Q/Q, hitting a record high and capping six consecutive quarters of growth; attributable to solid growth in Power Supply(+24%), Opto-LED (+22%), Camera Module (+25%) and Keyboard(+10%) Well reduction in COGS and OPEX ● COGS % down 0.6% Q/Q, g
Slide 10: Perlos 2Q10 Highlights
Perlos 2Q10 Highlights Continuing business growth, well controlled Opex in Q2 ● Revenue increase by 4% Q/Q and 37% Y/Y, from record-high Q1 sales ● COGS % up 1.3% Q/Q, primarily due to a labor cost increase, impacting ~1% margin ● Operating expense maintained flattish level and down as a percentage
Slide 11: 2Q10 Balance Sheet
2Q10 Balance Sheet In NT Millions 2Q10 1Q10 2Q09 Amount % Amount % Amount % Cash & Equivalent 27,353 21% 26,924 21% 22,771 20% Accounts Receivable 29,764 23% 25,502 20% 20,267 18% Inventories 12,663 10% 11,453 9% 9,548 9% Total Assets 131,855 100% 125,299 100% 111,752 100% Short Term Debt 390 0% 349
Slide 12: Thank You!
Thank You! SERRE