AUO Corporation · TWSE:2409
AUO — AU Optronics — Q3 2021 Earnings Presentation
16 slides from AUO's earnings presentation, Oct 28, 2021
Slide 1: AU Optronics Corp. Third Quarter 2021 Results Investor Conference
AU Optronics Corp. Third Quarter 2021 Results Investor Conference Oct. 28, 2021
Slide 2: Safe Harbor Notice
Safe Harbor Notice • The statements included in this presentation that are not historical in nature are “forward- looking statements”.These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations, financial condition or business prospects, are su
Slide 3: Statement of Comprehensive Income
Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income Amount : NT$ Million 3Q21 2Q21 QoQ % 3Q20 Net Sales 99,055 100.0% 95,655 100.0% 3.6% 73,230 100.0% Cost of Goods Sold (71,642) (72.3%) (68,166) (71.3%) 5.1% (65,473) (89.4%) Gross Profit 27,413 27.7% 27,489 28.7%
Slide 4: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Amount : NT$ Million 3Q21 2Q21 QoQ % 3Q20 Cash and Cash Equivalents 87,922 99,551 (11.7%) 78,300 Inventory 34,736 31,413 10.6% 26,746 Short Term Debt (a ) 25,248 19,887 27.0% 13,238 Long Term Debt 44,334 84,215 (47.4%) 106,154 Equity 242,283 221,843 9.2% 180,235
Slide 5: Consolidated Cash Flow Highlights
Consolidated Cash Flow Highlights Amount : NT$ Million 3Q21 2Q21 QoQ From Operating Activities 31,058 21,271 9,786 Profit before Tax 20,891 20,828 63 Depreciation & Amortization 8,391 8,473 (81) Net Change in Working Capital 852 (7,732) 8,584 From Investing Activities (5,514) (13,139) 7,626 Capital
Slide 6: Revenue Breakdown
Revenue Breakdown 26% 26% 27% 26% 22% TV Monitor 18% 16% 16% 17% 17% Mobile PC and Device Automotive Solution PID and General Display 30% 28% 28% 29% 28% Others 9% 8% 8% 8% 8% 12% 12% 11% 12% 14% 8% 9% 9% 9% 9% 3Q20 4Q20 1Q21 2Q21 3Q21 – Mobile PC and Device: including displays for notebook, tablet
Slide 7: Display Revenue Breakdown by Size
Display Revenue Breakdown by Size © 2020 AU Optronics Corporation – Proprietary and Confidential
Slide 8: Consolidated Shipments & ASP by Area
Consolidated Shipments & ASP by Area Unit: K m2, USD/m2 – ASP per square meter in US$ was translated from NT$ based on exchange rates announced by one of AUO’s main banks. © 2020 AU Optronics Corporation – Proprietary and Confidential
Slide 9: 4Q2021 Business Outlook
4Q2021 Business Outlook Based on our current business outlook, the Company expects: Area shipment to be down by low single digit % QoQ, as weaker consumer market demand due to slower seasonality Blended ASP (USD/square meter) to be down by mid single digit % QoQ, while prices of panels for IT ap
Slide 10: www.auo.com ir@auo.com
www.auo.com ir@auo.com © 2020 AU Optronics Corporation – Proprietary and Confidential
Slide 11: AUO
AUO sek mo SW iz Bright Innovation - Amazing Life
Slide 12: Consolidated Condensed Statements of Comprehensive Income (Three Months)
AU OPTRONICS CORP. AND SUBSIDIARIES Consolidated Condensed Statements of Comprehensive Income For the Three Months Ended September 30, 2021 and 2020 and June 30, 2021 (E x p ressed in Million s of New Taiwan Dollars (NTD) ex c ep t for p er sh are amou n ts an d sh ares ou tstan d in g) Year over Ye
Slide 13: Consolidated Condensed Statements of Comprehensive Income (Nine Months)
AU OPTRONICS CORP. AND SUBSIDIARIES Consolidated Condensed Statements of Comprehensive Income For the Period Ended September 30, 2021 and 2020 (E x p res s ed in M illion s of N ew Taiw an Dollars (N TD) ex c ep t f or p er s h are amou n ts an d s h ares ou ts tan d in g) Year over Year Comparison
Slide 14: Consolidated Condensed Balance Sheets
AU OPTRONICS CORP. AND SUBSIDIARIES Consolida te d Conde nse d Ba la nce She e ts Se pte mbe r 30, 2021 a nd 2020 ( E x p r es s ed in M illion s of N ew Taiw an Dollar s ( N TD) ) September 30, 2021 September 30, 2020 YoY ASSETS NTD % NTD % NTD % Cash and Cash Equivalents 87,922 20.2 78,300 19.9 9,
Slide 15: Consolidated Condensed Cash Flow Statements
AU OPTRONICS CORP. AND SUBSIDIARIES Consolidated Condensed Cash Flow Statements For the Period Ended September 30, 2021 and 2020 (E x p res s ed in M illion s of N ew Taiw an Dollars (N TD)) Nine Months 2021 Nine Months 2020 NTD NTD Cash Flow from Operating Activities: Profit(Loss) before Income Tax
Slide 16: NUO
NUO Innovating Life