Delta Electronics, Inc. · TWSE:2308

Delta Electronics — Q4 2009 Earnings Presentation

35 slides from Delta Electronics's earnings presentation, Mar 11, 2010

  1. Slide 1: 2009 4Q Result Analyst Meeting

    2009年 第四季財報 法人說明會 2009 4Q Result Analyst Meeting 11 Mar 2010 1

  2. Slide 2: Consolidated financials basis and audit note

    • 合併財務數字乃根據財務會計準則公報第七號編製 Consolidated financials are based on Statement of Financial Accounting Standard No. 7 • 所有合併數字均經由會計師審核 Consolidated numbers are audited by CPA 2

  3. Slide 3: 2009 Fourth Quarter Results

    2009年第四季結算數字 2009 Fourth Quarter Results 3

  4. Slide 4: Revenues

    合併營收 QoQ +6% Revenues YoY 單位：新台幣十億元 14% Unit: NT$ billion 34.3 36.4 31.9 29.3 25.6 4Q08 1Q09 2Q09 3Q09 4Q09 4

  5. Slide 5: Revenues by Product (1)

    業務分類 (1) Revenues by Product (1) 3Q09 4Q09 其他 其他 (Others) (Others) 13% 14% 機電 機電 (IA) (IA) 6% 6% 零組件 零組件 電源 (CP) 電源 (CP) (PS) 17% (PS) 17% 56% 59% 視訊 視訊 (DS) (DS) 5% 7% 5

  6. Slide 6: Revenues by Product (1)

    業務分類 (1) Revenues by Product (1) 單位：新台幣百萬元 Unit: NT$ million 3Q09 4Q09 Change PS 20,248 20,353 1% CP 5,743 6,207 8% DS 1,784 2,366 33% IA 1,967 2,277 16% Others 4,554 5,174 14% Total 34,296 36,376 6% 6

  7. Slide 7: Revenues by Product (2)

    業務分類 (2) Revenues by Product (2) 4Q08 4Q09 其他 其他 (Others) (Others) 15% 14% 機電 機電 (IA) (IA) 4% 6% 零組件 零組件 電源 電源 (CP) (CP) (PS) 18% (PS) 17% 56% 59% 視訊 視訊 (DS) (DS) 4% 7% 7

  8. Slide 8: Revenues by Product (2)

    業務分類 (2) Revenues by Product (2) 單位：新台幣百萬元 Unit: NT$ million 4Q08 4Q09 Change PS 18,859 20,353 8% CP 5,580 6,207 11% DS 1,317 2,366 80% IA 1,388 2,277 64% Others 4,775 5,174 8% Total 31,919 36,376 14% 8

  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 7.73 7.71 5.59 6.20 4.72 22.5% 21.2% 21.2% 18.5% 17.5% 4Q08 1Q09 2Q09 3Q09 4Q09 9

  10. Slide 10: R&D Expense

    研發費用 R&D Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 1.98 1.58 1.50 1.59 1.68 5.9% 5.4% 5.4% 5.0% 4.9% 4Q08 1Q09 2Q09 3Q09 4Q09 10

  11. Slide 11: 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 2.25 1.92 2.00 2.06 1.55 6.8% 6.0% 6.1% 6.0% 6.2% 4Q08 1Q09 2Q09 3Q09 4Q09 11

  12. Slide 12: Operating Expense

    總營業費用 Operating Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 4.22 3.51 3.59 3.74 3.05 11.9% 12.3% 11.6% 11.0% 10.9% 4Q08 1Q09 2Q09 3Q09 4Q09 12

  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 3.99 3.48 2.61 2.08 1.67 11.6% 8.9% 9.6% 6.5% 6.5% 4Q08 1Q09 2Q09 3Q09 4Q09 13

  14. Slide 14: Non-Operating Profit

    業外損益 Non -Operating Profit Non-Operating 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 0.87 0.79 0.64 0.40 3.4% (0.52) 2.7% 1.9% -1.4% 1.3% 4Q08 1Q09 2Q09 3Q09 4Q09 14

  15. Slide 15: Non-Operating Income Breakdown

    業外損益細項 Non -Operating Income Breakdown Non-Operating 單位：新台幣百萬元 Unit: NT$ million 3Q09 4Q09 處分投資(Investment disposal) 30 (2) 投資損益(Investment income) 250 187 利息收益(Interest income) 118 99 現金股利(Cash Dividend) 16 5 匯兌損益(F/X) * 117 212 其他業外損益(Others) 106 (1,021) 合計(Total) 638 (520) * 包含外匯相關金融資產評價變更 * Incl

  16. Slide 16: Net Income Before Tax

    稅前淨利 Net Income Before Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 4.63 3.40 2.48 2.54 2.93 13.5% 11.6% 9.9% 8.1% 7.8% 4Q08 1Q09 2Q09 3Q09 4Q09 16

  17. Slide 17: Tax & Minority Interest

    所得稅與少數股權 Tax & Minority Interest 單位：新台幣百萬元 Unit: NT$ million 3Q09 4Q09 稅前淨利 (Net income before tax) 4,631 2,963 所得稅 (Tax) (546) (31) 少數股權淨利 (Minority interest) (501) (41) 稅後淨利 (Net income after tax) 3,583 2,891 17

  18. Slide 18: Net Income After Tax

    稅後淨利 Net Income After Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.48 3.58 2.89 1.75 1.71 11.9% 10.4% 7.9% 6.7% 5.5% 4Q08 1Q09 2Q09 3Q09 4Q09 18

  19. Slide 19: EPS (unit: NT$)

    每股淨利 (新台幣元) 每股淨利(新台幣元) EPS (unit: NT$) 1.55 1.60 1.29 0.78 0.76 4Q08 1Q09 2Q09 3Q09 4Q09 *每股盈餘之設算基於加權平均股數22.43億股 *EPS based on weighted average shares outstanding of 2,243 million shares. 19

  20. Slide 20: 2009 Full Year Results

    2009年結算數字 2009 Full Year Results 20

  21. Slide 21: Revenues

    合併營收 Revenues 單位：新台幣十億元 Unit: NT$ billion 142.6 -12% 125.5 2008 2009 21

  22. Slide 22: Revenues by Product

    業務分類 Revenues by Product 2008 2009 其他 其他 (Others) (Others) 14% 13% 機電 機電 (IA) (IA) 4% 6% 零組件 零組件 (CP) 電源 (CP) 電源 18% 17% (PS) (PS) 59% 60% 視訊 視訊 (DS) (DS) 4% 5% 22

  23. Slide 23: Revenues by Product

    業務分類 Revenues by Product 2008 2009 Change PS 85,096 74,121 -13% CP 25,568 21,412 -16% VD 5,303 6,114 15% IA 6,424 7,138 11% Others 20,254 16,726 -17% Total 142,645 125,511 -12% 23

  24. Slide 24: 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 25.5 +4% 26.4 21.0% 17.9% 2008 2009 24

  25. Slide 25: R&D Expense

    研發費用 R&D Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 6.45 6.74 5.4% 4.5% 2008 2009 25

  26. Slide 26: 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 8.14 7.86 6.3% 5.7% 2008 2009 26

  27. Slide 27: Operating Expense

    總營業費用 Operating Expense 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 14.6 14.6 11.6% 10.2% 2008 2009 27

  28. Slide 28: 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 10.9 +8% 11.8 7.6% 9.4% 2008 2009 28

  29. Slide 29: Non-Operating Profit

    業外損益 Non -Operating Profit Non-Operating 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 3.88 1.78 2.7% 1.4% 2008 2009 29

  30. Slide 30: Non-Operating Income Breakdown

    業外損益細項 Non -Operating Income Breakdown Non-Operating 單位：新台幣百萬元 Unit: NT$ million 2008 2009 處分投資(Investment disposal) (50) 24 投資損益(Investment income) 695 728 利息收益(Interest income) 926 411 現金股利(Cash Dividend) 111 38 匯兌損益(F/X) * 1,047 776 其他業外損益(Others) 1,148 (202) 合計(Total) 3,877 1,776 * 包含外匯相關金融資產評價變

  31. Slide 31: Net Income Before Tax

    稅前淨利 Net Income Before Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 14.8 -8% 13.5 10.4% 10.8% 2008 2009 31

  32. Slide 32: Tax & Minority Interest

    所得稅與少數股權 Tax & Minority Interest 單位：新台幣百萬元 Unit: NT$ million 2008 2009 稅前淨利 (Net income before tax) 14,787 13,538 所得稅 (Tax) (2,524) (470) 少數股權淨利 (Minority interest) (2,012) (1,411) 稅後淨利 (Net income after tax) 10,251 11,657 32

  33. Slide 33: Net Income After Tax

    稅後淨利 Net Income After Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +14% 11.66 10.25 9.3% 7.2% 2008 2009 33

  34. Slide 34: EPS (unit: NT$)

    每股淨利 (新台幣元) 每股淨利(新台幣元) EPS (unit: NT$) 5.20 4.60 2008 2009 *每股盈餘之設算基於加權平均股數22.43億股 *EPS based on weighted average shares outstanding of 2,243 million shares. 34

  35. Slide 35: THANK YOU !

    A\newa aH | THANK YOU !

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