Solomon Systech (International) Ltd. · HKEX:2878

Solomon Systech (International) — H1 2009 Earnings Presentation

18 slides from Solomon Systech (International)'s earnings presentation, Aug 18, 2009

  1. Slide 1: SSIL 2009 Interim Results Announcement

    18 August 2009 Hong Kong SSIL 2009 Interim Results Announcement 18Aug2009 P. 1

  2. Slide 2: Table of contents

    Table of contents ` Summary ` Financial Review ` Business Review ` Outlook SSIL 2009 Interim Results Announcement 18Aug2009 P. 2

  3. Slide 3: Summary

    Summary SSIL 2009 Interim Results Announcement 18Aug2009 P. 3

  4. Slide 4: Results summary

    Results summary ` Unit shipment 41mu ` Sales US$26.7 million ` Net loss US$2.3 million ` Basic loss per share 0.75 HK cents ` No interim dividend was declared by the Board ` Book to bill ratio @ 30 Jun-09 was 1.07 SSIL 2009 Interim Results Announcement 18Aug2009 P. 4

  5. Slide 5: Financial Review

    Financial Review SSIL 2009 Interim Results Announcement 18Aug2009 P. 5

  6. Slide 6: Profit and loss

    Profit and loss (US$ million) 1H09 1H08 2H08 YoY HoH Sales 26.7 50.8 42.0 (47%) (36%) Gross profit 7.4 11.0 5.9 (33%) 25% Gross profit margin 27.9% 21.7% 14.1% Net loss 2.3 6.0 17.4 62% 87% Net margin (8.7%) (11.8%) (41.4%) (HK cents) Loss per share 0.75 1.95 5.55 62% 86% Dividends per share Nil Nil

  7. Slide 7: Profit and loss delta analysis 1H09 vs 1H08

    Profit and loss delta analysis 1H09 vs 1H08 US$5.96m X 1H08 Net Loss US$3.57m z Gross Profit Decrease with Lower Sales US$4.05m z Operating Expense Reduction US$3.32m z Financial Assets Gain US$1.18m z Interest Income Decrease US$1.22m z Tax Refund US$0.21m z Miscellaneous US$2.33m X 1H09 Net Loss S

  8. Slide 8: Balance sheet

    Balance sheet As at 30 As at 31 HoH (US$ million) Jun 2009 Dec 2008 Change Total assets 146.5 162.3 (9.7%) Total borrowings 0.8 Nil N/A Shareholders’ funds 132.5 143.8 (7.9%) Net cash 93.1 110.9 (16.1%) (HK cents) Shareholders’ funds per share 42 46 (8.7%) Net cash per share 30 35 (14.3%) SSIL 2009

  9. Slide 9: Net cash delta analysis Jun vs Dec

    Net cash delta analysis Jun 09 vs Dec 08 ` Net Cash @ : ` US$93.1m (30 Jun 09) vs $110.9m (31 Dec 08) ` Major Cash Outflow ` Business Operating Loss - US$ 2.3m ` Working Capital Change - US$ 5.4m ` Strategic Investment / Capex - US$ 0.9m ` Financial Assets - US$ 2.3m ` Dividend Payout - US$ 9.5m ` M

  10. Slide 10: Business Review

    Business Review SSIL 2009 Interim Results Announcement 18Aug2009 P. 10

  11. Slide 11: Blended average selling price

    Blended average selling price ` 1H09 blended ASP = US$0.66, down 21% YoY 2.00 HoH YoY 1.71 50% Blended Unit ASP (US$) 1.50 Blended ASP Change 1.20 1.05 1.00 0.83 0.66 0% 1H05 2H05 1H06 2H06 1H07 2H07 1H08 2H08 1H09 0.50 0.00 1H05 1H06 1H07 1H08 1H09 -50% SSIL 2009 Interim Results Announcement 18Aug2

  12. Slide 12: Unit shipment by product line

    Unit shipment by product line ` Total unit shipment 41 million units STN m-TFT OLED New Display STN m-TFT OLED New Display Display System Green Power Miscellaneous Display System Green Power Miscellaneous 100% Unit shipment distribution 140 125 IC unit shipment (mu) 120 108 80% 99 100 80 60% 61 60 4

  13. Slide 13: Examples of 1H09 design-wins

    Examples of 1H09 design-wins New Customers, New Products, New Applications Mobile Display OLED & New Display Messaging Phones Photo Printer MP3 Digital Meter USB Thumb Drive Display System Green Power LED Street Lamp LED Indoor Lighting Mobile Phone MDTV Mini-projector SSIL 2009 Interim Results Anno

  14. Slide 14: Outlook

    Outlook SSIL 2009 Interim Results Announcement 18Aug2009 P. 14

  15. Slide 15: 2H 2009 Outlook

    2H 2009 Outlook ` Sales ` Potential improvement based on the book to bill ratio ` Demand for mobile electronics is improving, particular from China and global brands ` Gross profit margin ` Stay inline with industry range ` Operating expenses ` Maintain control ` Invest in focused R&D projects ` New

  16. Slide 16: Continuous Development: Display IC

    Continuous Development Customer, Product and Application Diversification ` Display IC Mobile Display ` Mobile phone, applications with Mobile Phone Multi-touch AV e-book multi-touch technology, AV -TFT applications Products Products, GPS, e-book, MDTV OLED Display ` Mobile phone, MP3, health care pr

  17. Slide 17: Continuous Development: System Solutions

    Continuous Development Customer, Product and Application Diversification ` System Solutions Display System ` Mobile phone, MDTV, mini-projector, GPS, WiFi and 3.5G mobile internet device Mobile Phone MDTV Mini-projector Green Power ` Indoor lighting, LED street lamp, architectural lighting Indoor Li

  18. Slide 18: Thank You

    Thank You Solomon Systech (International) Limited Stock code: 2878 www.solomon-systech.com SSIL 2009 Interim Results Announcement 18Aug2009 P. 18

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