Solomon Systech (international) Ltd. · HKEX:2878

Solomon Systech (international) — FY2014 Earnings Presentation

20 slides from Solomon Systech (international)'s earnings presentation, Mar 26, 2015

  1. Slide 1: SSIL 2014 Annual Results Announcement

    SSIL 2014 Annual Results Announcement 26 Mar 2015 P. 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation or is unlawful without compliance with any registration, filing or

  3. Slide 3: Agenda

    Agenda Highlights Financial Review Business Review & Outlook SSIL 2014 Annual Results Announcement 26 Mar 2015 P. 3

  4. Slide 4: Highlights

    Highlights Financial Review Business Review & Outlook SSIL 2014 Annual Results Announcement 26 Mar 2015 P. 4

  5. Slide 5: Highlights

    Highlights  Sales amounted to US$60.1 million  Gross profit was US$20.8 million  Gross margin was 34.6%  Net loss was US$3.0 million  Loss per share was 0.12 US cent (0.95 HK cent)  Book-to-bill ratio for the year was 1.1  The Board resolved not to propose any final dividend for the year ende

  6. Slide 6: Financial Review

    Highlights Financial Review Business Review & Outlook SSIL 2014 Annual Results Announcement 26 Mar 2015 P. 6

  7. Slide 7: Financial Review - Profit and Loss

    Financial Review - Profit and Loss (US$ million) 2014 2013 Remarks ↓ Sales 60.1 55.2 9% Gross profit 20.8 21.0 ↓ 1% Gross margin 34.6% 38.1% ↓ 3.5pts Net profit/(loss) (3.0) 1.3 (HK cent) Earnings/(loss) per share (0.95) 0.42 Dividends per share Nil Nil Book-to-bill ratio 1.1 0.86 SSIL 2014 Annual R

  8. Slide 8: Financial Review - Financial Remarks

    Financial Review - Financial Remarks Key Factors Sales US$60.1m • Unit shipments: up 27% YOY (‘13: US$55.2m) • Blended ASP: down 14% YOY Gross US$20.8m • Gross margin: 34.6% (’13: 38.1%) Profit (’13: US$21.0m) Total US$27.4m • Product R&D costs: US$16.3m (’13: US$13.9m) Operating (‘13: US$25.1m) • S

  9. Slide 9: Financial Review - Balance Sheet

    Financial Review - Balance Sheet As at 31 Dec (US$ million) 2014 2013 YoY Total assets 130.1 129.0 Total borrowings 0.4 0.5 Shareholders’ funds 115.3 117.8 -2% Net cash 35.3 32.9 +7% (HK cents) Shareholders’ funds per share 36 37 Net cash per share 11 10 SSIL 2014 Annual Results Announcement 26 Mar

  10. Slide 10: Financial Review - Net Cash Analysis 2014 vs 2013

    Financial Review – Net Cash Analysis 2014 vs 2013 Net Cash @31 Dec: Change • US$35.3m (’14) vs US$32.9 (’13) +2.4m Major Cash Inflow US$ Major Cash Outflow US$ • Interest and Dividend +2.7m • Net cash Used in -6.0m Received Operating Activities • Disposal of Treasury +6.2m • Capital Expenditure -0.5

  11. Slide 11: Business Review & Outlook

    Highlights Financial Review Business Review & Outlook SSIL 2014 Annual Results Announcement 26 Mar 2015 P. 11

  12. Slide 12: Business Review - Product Shipments

    Business Review – Product Shipments  Total unit shipments in 2014 ~ 115 million units ( 27% year-on-year)  Solid year-on-year and quarter-to-quarter unit shipment increase 2014 Product Shipment (By Quarter) 40 100% 35 80% 30 60% 25 Million Units 40% 20 20% 15 0% 10 5 -20% 0 -40% Q1 Q2 Q3 Q4 2014 P

  13. Slide 13: Business Review & Outlook - Advanced Display Review

    Business Review & Outlook Advanced Review Display  PMOLED display driver ICs • Scored design wins with global wearable health & fitness devices brands Wearable  Bistable display driver ICs Health & Fitness • Apart from ESLs, extended applications of Devices AMEPD products to smart thermostats, hea

  14. Slide 14: Business Review & Outlook - Advanced Display Outlook

    Business Review & Outlook Outlook Advanced  PMOLED display driver ICs Display • Continue to capitalize on strong growth momentum of wearables to further ramp up shipment • Develop new products for larger size, higher resolution & DPI, curved surface color displays  Bistable display driver ICs • Le

  15. Slide 15: Business Review & Outlook - Mobile Display

    Business Review & Outlook Review Mobile  IGZO TFT LCD display driver ICs Display • Started HD/FHD driver design for mobile applications  In-cell Touch TFT LCD display driver ICs • Developed new product and scored design-wins for FWVGA displays  Unit shipment reduced  Change of product technology

  16. Slide 16: Business Review & Outlook - Mobile System Review

    Business Review & Outlook Mobile Review System  Touch panel controller ICs • Out-Cell touch products enhanced with value- added features and scored design wins for smartphones and education tablets Smart Watches • New On-Cell and In-Cell touch products ready in Q4 for customer trial run  High spee

  17. Slide 17: Business Review & Outlook - Mobile System Outlook

    Business Review & Outlook Outlook Mobile  Touch panel controller ICs System • Boost up design-wins for In-Cell and On-Cell touch products targeting LCD module makers • Further penetrate Out-Cell market in China with multidrive technology • New product for larger-sized panels ready to boost business

  18. Slide 18: Business Review & Outlook - Large Display

    Business Review & Outlook Large Review  Large TFT display driver ICs Display • 21.5” Full HD monitors and 18.5” HD monitors completed qualification and started mass 21.5” Monitor production  Unit shipment surged • New products adopted by key product lines of 18.5” major customer Monitor Outlook 

  19. Slide 19: Summary

    Summary  Strong growth momentum: solid year-on-year and quarter-to- 2014 Summary quarter growth in shipments  Focused on high growth, high volume smart device applications  Strengthened technological capability and optimized new product introduction: In-Cell touch display driver ICs, touch panel

  20. Slide 20: Thank You

    Thank You Solomon Systech (International) Limited Stock code: 2878 www.solomon-systech.com

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