Slide 1: HTC Corporation 4Q18 Results Summary
HTC CORPORATION 4Q18 RESULTS SUMMARY March 15th 2019
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 4Q18 Financial Highlights： • Quarterly revenue of NT$4.1 billion with gross margin of 8.0%, up 3.3% sequentially and the fourth consecutive quarterly increase since Q4’17 • Quarterly operating loss of NT$2.8 billion with operating margin of -68.7% • Quarterly net loss after tax: NT
Slide 4: Executive Summary: 4Q18 Business Update
EXECUTIVE SUMMARY 4Q18 Business Update： • 5G Hub: joint announcements and demonstrations of the HTC 5G Hub by leading carriers Sprint, Telstra and China Mobile position HTC at the forefront of 5G innovation • HTC VIVE: strong enterprise push in Q4’18, demonstrating VIVE’s increased commitment to bri
Slide 5: Revenues and Operating Profit
REVENUES AND OPERATING PROFIT Revenues Operating Profit NT$bn NT$bn 40 2 0 2- 20 4- (2.8) (2.8) 15.7 (3.4) 8.8 6- (4.9) 6.8 4.0 4.1 8- 0 10- (9.6) 17Q4 18Q1 18Q2 18Q3 18Q4 17Q4 18Q1 18Q2 18Q3 18Q4
Slide 6: Gross and Operating Margins
GROSS AND OPERATING MARGINS Gross Margin Operating Margin % % 8.0 2.7 4.7 (2.1) 48% (50.7) (55.8) (60.8) (68.9) (68.7) (30.8) 17Q4 18Q1 18Q2 18Q3 18Q4 17Q4 18Q1 18Q2 18Q3 18Q4
Slide 7: 4Q 2018 P&L (Consolidated)
4Q 2018 P&L (CONSOLIDATED) NT$bn 4Q 17 3Q 18 4Q 18 REVENUES 15.7 4.0 4.1 GROSS PROFIT -4.8 0.2 0.3 OPERATING EXPENSE 4.7 3.0 3.2 SALES MKTING. 1.1 0.8 0.8 RESEARCH DEV. 2.6 1.4 1.4 GENERAL ADM. 1.0 0.8 0.9 OPERATING PROFIT -9.6 -2.8 -2.8 NPBT -9.8 -2.6 -4.5 NPAT1 -9.8 -2.6 -4.4 GROSS MARGIN (%) -30.
Slide 8: 4Q 2018 Balance Sheet (Consolidated)
4Q 2018 BALANCE SHEET (CONSOLIDATED) NT$bn Dec 31, 17 Sep 30, 18 Dec 31, 18 TOTAL ASSETS 66.6 74.1 67.7 1 Cash 18.4 43.5 41.5 AR 8.5 2.2 1.7 INVENTORY 7.4 4.4 3.3 OTHER ASSETS 32.3 24.0 21.2 TOTAL LIABILITIES 32.9 24.3 22.5 2 TOTAL EQUITY 33.7 49.7 45.2 3 METRICS DAYS SALES OUTSTANDING 67 117 93 INV
Slide 9: Thank you
thank you___
Slide 10: Balance Sheets
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2018 AND 2017 (In Thousands of New Taiwan Dollars) 2018 2017 ASSETS Amount % Amount % CURRENT ASSETS Cash and cash equivalents (Note 6) $ 24,449,548 36 $ 10,443,227 16 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, 2018 AND 2017 (In Thousands of New Taiwan Dollars, Except Earnings (Loss) Per Share) 2018 2017 Amount % Amount % OPERATING REVENUE (Notes 8, 26 and 36) $ 23,740,610 100 $ 62,119,814 100
Slide 12: Statements of Comprehensive Income (continued)
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 (In Thousands of New Taiwan Dollars, Except Earnings (Loss) Per Share) 2018 2017 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, 2018 AND 2017 (In Thousands of New Taiwan Dollars) Equity Attributable to Owners of the Parent Other Equity Unrealized Losses on Retained Earnings Exchange Financial Assets Unrealized Unapp
Slide 14: Statements of Cash Flows
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 (In Thousands of New Taiwan Dollars) 2018 2017 CASH FLOWS FROM OPERATING ACTIVITIES Profit (loss) before income tax $ 17,228,482 $ (16,958,835) Adjustments for: Depreciation expenses
Slide 15: Statements of Cash Flows (continued)
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017 (In Thousands of New Taiwan Dollars) 2018 2017 Net cash inflow on disposal of subsidiary $ 106,918 $ - Payments for non-current assets held for sale - (3,830) Proceeds from disposal