Slide 1: HTC Corporation 4Q19 Results Summary
HTC CORPORATION 4Q19 RESULTS SUMMARY March 20th 2020
Slide 2: Disclaimer Statement
DISCLAIMER STATEMENT • This presentation and release contain “forward-looking statements” which may include projections of future results of operations, financial condition or business prospects based on our own information and other sources. • Our actual results of operations, financial condition o
Slide 3: Executive Summary
EXECUTIVE SUMMARY 4Q19 Financial Highlights: • Quarterly revenue of NT$1.81 billion with gross margin of 25.7%, up 2.8% sequentially, and the eighth consecutive quarterly increase since Q4’17 • Quarterly operating loss of NT$2.22 billion with operating margin of -122.1% • Quarterly net loss after ta
Slide 4: Executive Summary: Vive Virtual Reality
EXECUTIVE SUMMARY VIVE VIRTUAL REALITY During Q4, demonstrated commitment to providing premium VR hardware, software and experiences to power the future of Vive VR. VIVE VIRTUAL REALITY • After months of anticipation, the VIVE COSMOS headset was launch in Q4 worldwide. Vive Cosmos creates a new leve
Slide 5: Revenues and Operating Profit
REVENUES AND OPERATING PROFIT Revenues Operating Profit (Loss) NT$bn NT$bn 5 10 4.1 5 2.9 2.8 2.5 1.8 0 (2.5) (2.4) (2.2) (2.8) (2.7) 0 -5 18Q4 19Q1 19Q2 19Q3 19Q4 18Q4 19Q1 19Q2 19Q3 19Q4 5
Slide 6: Gross and Operating Margins
GROSS AND OPERATING MARGINS Gross Margin Operating Margin % % 25.7 22.9 20.3 14.7 8.0 (68.7) (92.9) (88.5) (98.6) (122.1) 18Q4 19Q1 19Q2 19Q3 19Q4 18Q4 19Q1 19Q2 19Q3 19Q4 6
Slide 7: 4Q 2019 P&L (Consolidated)
4Q 2019 P&L (CONSOLIDATED) NT$bn 4Q18 3Q19 4Q19 REVENUES 4.1 2.5 1.8 GROSS PROFIT 0.3 0.6 0.5 OPERATING EXPENSE 3.2 3.0 2.7 SALES MKTING. 0.8 0.7 0.6 RESEARCH DEV. 1.4 1.4 1.3 GENERAL ADM. 0.9 0.9 0.8 OPERATING PROFIT (LOSS) -2.8 -2.4 -2.2 NPBT -4.5 -2.4 -2.4 NPAT1 -4.4 -2.4 -2.4 GROSS MARGIN (%) 8.
Slide 8: 4Q 2019 Balance Sheet (Consolidated)
4Q 2019 BALANCE SHEET (CONSOLIDATED) NT$bn Dec 31, 18 Sep 30, 19 Dec 31, 19 TOTAL ASSETS 67.7 57.6 52.7 1 Cash 41.5 34.0 31.1 AR 1.7 1.4 0.4 INVENTORY 3.3 2.7 2.4 OTHER ASSETS 21.2 19.5 18.8 TOTAL LIABILITIES 22.5 19.9 17.7 2 TOTAL EQUITY 45.2 37.7 34.9 CASH CONVERSION CYCLE -4 -67 -120 1. Includes
Slide 9: ATC
ATC
Slide 10: Balance Sheets
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars) 2019 2018 ASSETS Amount % Amount % CURRENT ASSETS Cash and cash equivalents (Note 6) $ 28,143,761 53 $ 24,449,548 36 Financial assets at fair value through profit or loss - cu
Slide 11: Statements of Comprehensive Income
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars, Except (Loss) Earnings Per Share) 2019 2018 Amount % Amount % OPERATING REVENUE (Notes 24 and 32) $ 10,014,966 100 $ 23,740,610 100 OPE
Slide 12: Statements of Comprehensive Income
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars, Except (Loss) Earnings Per Share) 2019 2018 Amount % Amount % Items that may be reclassified subsequently to profit or loss: Exchange d
Slide 13: Statements of Changes in Equity
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars) Other Equity Unrealized Losses on Retained Earnings Exchange Financial Assets Unrealized (Accumulated Differences on at Fair Value Losses
Slide 14: Statements of Cash Flows
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars) 2019 2018 CASH FLOWS FROM OPERATING ACTIVITIES (Loss) profit before income tax $ (9,419,429) $ 17,228,482 Adjustments for: Depreciation expense 7
Slide 15: Statements of Cash Flows
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (In Thousands of New Taiwan Dollars) 2019 2018 Proceeds from disposal of non-current assets held of sale $ - $ 2,748,931 Payments for property, plant and equipment (150,198) (575,465