Young Optics Inc. · TWSE:3504
Young Optics — H1 2009 Earnings Presentation
10 slides from Young Optics's earnings presentation, Aug 12, 2009
Slide 1: 2009H1 Results Investor Conference
2009H1 Results Investor Conference August 12, 2009
Slide 2: Disclaimer
Disclaimer Except for historical information contained herein, the matters set forth in this presentation are forward-looking statements that are subject to significant risks and uncertainties and actual results may differ materially from those contained in any forward-looking statements. The forwar
Slide 3: 1H09 Financial Highlight
1H09 Financial Highlight (consolidated) NTD： ： Millions 09'1H 08'2H 08'1H Net sales 2,885 3,733 3,280 Gross Margin(%) 26.7 21.2 25.7 Net income 229 296 310 EPS* (NT$) 2.15 2.78 2.98 Cash and cash equivalents 1,513 948 1,363 Interest-bearing Debt 45 34 537 Shareholders' equity 2,165 2,289 1,892 EBITD
Slide 4: 1H09 P&L (Consolidated)
1H09 P&L (Consolidated) Amount:NT$ Million Except Per Share Data 09'1H vs 09'1H vs 09'1H 08'2H 08'1H 08'2H(%) 08'1H(%) Net sales 2,885 3,733 -22.7% 3,280 -12.0% Gross profits 769 792 -2.9% 844 -8.8% Gross margin 26.7% 21.2% 25.8% 25.7% 3.8% Operating expenses 465 501 -7.1% 449 3.6% Operating income
Slide 5: 2009.06.30 Balance Sheet
2009.06.30 Balance Sheet (Consolidated) Amount : NT$ Million 2009.06.30 2008.12.31 2008.06.30 Amount % Amount % Amount % Cash and cash equivalents 1,513 40.1 948 25.8 1,363 32.0 Accounts receivable-net 893 23.7 1,114 30.3 1,311 30.8 Inventories,net 438 11.6 520 14.1 452 10.6 Total current assets 2,9
Slide 6: Key Financial Ratio
Key Financial Ratio (Consolidated) 2009 2008 06/30 12/31 06/30 Current Ratio(%) 204 220 148 AR Turnover Days 62 53 67 Inventory Turnover Days 32 28 38 Total Liab./ Total Assets(%) 43 38 56 Returns On Assets(%) 13 18 11 Returns On Equity(%) 26 29 23 Note：The ratios are calculated on the trailing twel
Slide 7: What is Young Optics Doing?
What is Young Optics Doing? Niche Pico TV Optical Optical Projection Image System Optical Module Module Optics Optics Image Module Video Projector Stand- Lamp- Wall & Security Vision alone Optical based PID Lens Touch Parts Attach- ment Ultra Core Laser Short Molding Video Optics Embed- Based Glass
Slide 8: Biz Lines Momentum
Biz Lines Momentum 1% 1% 5% 5% 9% 10% 3% 5% 19% 3% 1% 2% 7% 8% 9% 11% 9% 10% 10% 12% 3% 7% Pico Optical Module System 12% Image Optics Projection Optics 83% Niche Optical Module 69% 69% TV Optical Module 66% 50% 07 Act. 08 Act. 09Est.(Feb) 09'1H Act. 09 Est.(Now) -8-
Slide 9: Estimate of Pico Market
Estimate of Pico Market Companion Embedded Mobile Embedded Fixed TAM Ku 17,590 Enablers of Pico Growth *Estimate of Qty TAM & its breakout follows Publish of PMA at 2009 Projection Summit in June. Price **We also note that iSupply made press release on Aug 6th, 09, which estimates over 3Mu in 2013.
Slide 10: Questions & Answers
Questions & Answers website://www.youngoptics.com