Chroma Ate Inc. · TWSE:2360
Chroma Ate — Q2 2011 Earnings Presentation
21 slides from Chroma Ate's earnings presentation, Aug 9, 2011
Slide 1: Chroma ATE Inc. 2Q 2011 Investor Conference
Your Testing Quality is Our Commitment. CHROMA ATE INC. 2011 2Q. 2011 Investor Conference Paul Ying, CFO Leo Huang, CEO & Chairman 9th August, 2011 1
Slide 2: Disclaimer
Disclaimer This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “c
Slide 3: Agenda
Agenda • Corporate Profile • Quarterly Highlights • Financial Review • Operation Highlights • Q&A 3
Slide 4: Corporate Profile
CORPORATE PROFILE lest toz aiutos, Sroviders
Slide 5: Corporate Profile
Corporate Profile Sales Revenues R&D Expenses • Founded in 1984, a world leading own brand R&D Expenses in % of Sales Revenues turnkey test & automation solution provider, 5,640 Parent Only specialized in electronics test and measurement instruments and system. Products cover test and measurement in
Slide 6: Financial Performance
Financial Performance Consolidated Sales Revenues EPS Net Profit Gross Margin Parent Only Sales Revenues Parent Only Operating Margin 60.1% 59.4% 1,812 14,886 53.9% 1,538 50.6% 1,010 1,105 54.9% 12,630 12,228 10,914 863 5.22 5.05 * Unit: EPS in NTD Unit: Million NTD Unit: Million NTD 33.4% * Unit:%
Slide 7: Financial Performance: ROE and Dividend
Financial Performance Dividend ROE Cash dividend Parent Only Parent Only 5.22 Stock dividend 25.87 5.05 * 19.47 17.74 3.80 17.70 3.64 3.60 13.81 3.38 * Unit: NTD Unit: % 2.45 2.50 * 2.00 2.00 0.60 0.50 0.40 0.30 0.40 * 2006 * 2007 2008 2009 2010 2006 2007 2008 2009 2010 * 2006 – 2007 ROE adjusted, a
Slide 8: Chroma Global Network
Chroma Global Network Global Employees1,590, Branch Offices x15, Distributors x56 US : Irvine / Hong Kong : Neworld Lake Forest CA. Europe : Netherlands / Finland Japan: Shin Yokohama China : Shenzhen / Dongguan / Xiamen / Suzhou Nanjing / Shanghai / Beijing / Sichuan 8
Slide 9: Product Mix
Product Mix A Turnkey Test and Automation Solution Provider Power Power Electronics Electronics 36.0% Customized Customized 39.0% System System 1.3% 1.5% Services & Others 6.1% Services & * Others Passiv e Passive 14.4% * Component Component 8.6% 7.4% Solar 2.8% Solar 17.8% Vide o Color Video Color
Slide 10: Quarterly Highlights / Financial Review
QUARTERLY HIGHLIGHTS FINANCIAL REVIEW 10
Slide 11: Quarterly Highlights
Quarterly Highlights Sales Revenues Gross Margin 2Q’ 2011 Key Points Operating Margin 1,752 1,694 • Sales Revenue: $ 1,694 million, 1,500 1,465 up 16% QoQ, up 13% YoY 58% 55% 54% 1,214 53% • Gross Margin: 53% 1,174 53% Unit: % of Sales Revenue 50% • Operating Margin: 29% Unit: Million NTD • Net Inco
Slide 12: 2Q'2011 Income Statement (QoQ / YoY Comparison)
2Q’ 2011 Income Statement (QoQ / YoY Comparison) Parent Only 2Q’ 2011 % 1Q’ 2011 % QoQ 2Q’ 2010 % YoY (Unit: Million NTD, except for EPS in NTD) % % Net Sales 1,694 100.0% 1,465 100.0% 16% 1,500 100.0% 13% Cost of Goods Sold (799) (47.2%) (740) (50.5%) 8% (630) (42.0%) 27% Gross Profit 895 52.8% 725
Slide 13: 1H'2011 Income Statement (YoY Comparison)
1H’ 2011 Income Statement ( YoY Comparison) Parent Only 1H’ 2011 % 1H’ 2010 % YoY (Unit: Million NTD, % except for EPS in NTD) Net Sales 3,159 100.0% 2,674 100.0% 18% Cost of Goods Sold (1,539) (48.7%) (1,163) (43.5%) 32% Gross Profit 1,620 51.3% 1,511 56.5% 7% Operating Expenses: General & Administ
Slide 14: 1H'2011 Income Statement (Consolidated)
1H’ 2011 Income Statement (Consolidated) Consolidated 1H’ 2011 % 1H’ 2010 % YoY (Unit: Million NTD, except for EPS in NTD) % Net Sales 7,560 100.0% 7,356 100.0% 3% Cost of Goods Sold (5,395) (71.4%) (5,301) (72.1%) 2% Gross Profit 2,165 28.6% 2,055 27.9% 5% Operating Expenses: General & Administrati
Slide 15: Balance Sheet Highlights & Financial Ratio
Balance Sheet Highlights & Financial Ratio Parent Only (Unit: Million NTD) June. 2011 Dec. 2010 +/-% Balance Sheet Highlights Cash & Short Term Investment 921 665 + 39% Inventory 1,531 1,367 + 12% Short Term Debt 0 200 n/m Long Term Debt - - - Shareholders Equity 7,067 7,558 - 7% Total Assets 10,402
Slide 16: Operation Highlight
OPERATION HIGHLIGHT lest toz aiutos, Sroviders
Slide 17: Sales Breakdown By Testing Solution
Sales Breakdown By Testing Solution (Unit: Million NTD) 2Q’2011 % 1Q’2011 % QoQ 2Q’2010 % YoY Power Electronics 616 36.4% 549 37.5% 12% 555 37.0% 11% Testing Component Testing 104 6.1% 94 6.4% 11% 112 7.5% (7%) Video Color Testing 38 2.2% 54 3.7% (30%) 93 6.2% (59%) LCM Testing 73 4.3% 42 2.9% 74% 1
Slide 18: Sales Breakdown By Testing Solution
Sales Breakdown By Testing Solution (Unit: Million NTD) 1H’ 2011 % 1H’ 2010 % YoY Power Electronics Testing 1,165 36.9% 1,018 38.0% 14% Component Testing 198 6.3% 192 7.2% 3% Video Color Testing 92 2.9% 148 5.5% (38%) LCM Testing 115 3.6% 277 10.4% (58%) IC Testing 247 7.8% 318 11.9% (22%) LED Testi
Slide 19: Sales Breakdown By Industries
Sales Breakdown By Industries Innovation, Integration Capability, Market Penetration Unit: Sales in million NTD / % of Sales $ 4,208 $ 4,158 $ 3,444 $ 5,640 $ 3,159 4% 5% 17% 31% 40% 47% 48% 40% 44% 43% * Clean Technology included solar, LED, battery cell formation and EV OEM business. 19
Slide 20: Year 2011.2H Guidance
Year 2011.2H Guidance 1H sales revenues was mainly contributed from solar ( YoY 113%) and LED ( YoY 81%) businesses, while power also showed a substantial growth of 14% YoY. Global economic headwinds impact short term growth, with low visibility in solar cell and LCD panel / TV markets. The growth i
Slide 21: Thank You
www.chromaate.com The World for You & for Me… Thank You! 21