Sunny Optical Technology (group) Co., Ltd. · HKEX:2382
Sunny Optical Technology (group) — FY2018 Earnings Presentation
25 slides from Sunny Optical Technology (group)'s earnings presentation, March 2019
Slide 1: 2018 Annual Results Announcement Corporate Presentation
Expert in Optics 2018 Annual Results Announcement Corporate Presentation March 2019 1
Slide 2: Disclaimer
Disclaimer Expert in Optics The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning Sunny Optical Technology (Group)
Slide 3: Agenda
1. Financial Highlights 2. Operations Review Agenda 3. Future Outlook 4. Q&A Session 5. Appendix
Slide 4: Financial Highlights
Financial Highlights
Slide 5: Financial Highlights
Financial Highlights Expert in Optics For the year ended 31 December (RMB mn) 2017 2018 Change Revenue 22,366.3 25,931.9 +15.9% Gross Profit 4,802.8 4,913.1 +2.3% Profit Before Tax 3,318.3 2,851.3 -14.1% Income Tax Expense (404.2) (338.6) -16.2% Effective Tax Rate (%) 12.2 11.9 -0.3ppt Profit for th
Slide 6: Operating Expenses Analysis
Operating Expenses Analysis Expert in Optics For the year ended 31 December 2016 2017 2018 (RMB mn) (as % of revenue) (as % of revenue) (as % of revenue) Revenue 14,611.8 100.0% 22,366.3 100.0% 25,931.9 100.0% Total Operating Expenses 1,179.5 8.2 % 1,762.2 7.8 % 2,006.1 7.8 % Selling and Distributio
Slide 7: Solid Financial Position
Solid Financial Position Expert in Optics 2016 2017 2018 As at 31 December/ for the year ended 31 December Current Ratio (Times) 1.4 1.5 1.9 Operating Cash Inflow (RMB mn) 1,615.5 2,436.3 3,567.9 Cash and Cash Equivalents (RMB mn) 2,754.7 3,339.5 7,248.6 Pledged Bank Deposits (RMB mn) 101.0 140.3 21
Slide 8: Revenue and Gross Profit Margins By Business Segments
Revenue and Gross Profit Margins Expert in Optics By Business Segments Revenue by Business Segments Gross Profit Margins by Business Segments (RMB mn) 30,000 50% 25,931.9 44.0% 43.2% 41.5% 25,000 39.8% 40.4% 40.5% 22,366.3 1.2% 40% 1.3% 20,000 30% 14,611.8 15,000 75.6% 1.8% 79.5% 20% 10,000 13.1% 78
Slide 9: Revenue Breakdown by Product Applications
Expert in Revenue Breakdown by Product Applications Optics 5% 4% 1% 6% Handset Related Products Vehicle Lens Sets 84% Digital Camera Related Products Optical Instruments 4% 5% 6% Other Products 2018 4% 4% 4% 5% 2% 6% 1% 6% 85% 83% 2017 2016 For the year ended 31 December 9
Slide 10: Operations Review
Operations Review
Slide 11: Focus on Patents Layout Strengthen Competitive Advantage
Focus on Patents Layout Expert in Strengthen Competitive Advantage Optics • 7P wide-angle lens sets • Stray light automatic detecting equipment and automatic detecting method 958 • Device and method for detecting camera modules patents • Camera Module and Array Camera Module 2018 with Circuit Board
Slide 12: Significant Achievements in R&D Build Hi-tech Barriers
Significant Achievements in R&D Expert in Build Hi-tech Barriers Optics 2017 2018 • A variety of high-end large aperture handset lens • The R&D on ultra-large aperture (FNo.1.4) handset lens sets sets with 6P have achieved mass production with 7P has been completed • The R&D on handset lens sets wit
Slide 13: Awards and Recognitions
Expert in Awards and Recognitions Optics Company T Panasonic “Top Partner Award” “Excellent Supplier Award” “Institutional Investor” All-Asia Technology/Hardware “Most Honored Company” “Best Investor Relations Program” Huawei Vivo “Best Corporate Governance” “Excellent Quality Award” “Six Anniversar
Slide 14: Continue to Gain Global Market Share Strive for Domestic No.1 and Global No.2
Continue to Gain Global Market Share Expert in Optics Strive for Domestic No.1 and Global No.2 Shipment Volume of the Company’s Shipment Volume Proportion of the Handset Lens Sets Company’s Handset Lens Sets by Pixels 8-mega pixel handset lens sets (Unit : k) 10-mega pixel above handset lens sets 1,
Slide 15: Maintain No.1 Position in Global Market Further Expand the Market Share
Maintain No.1 Position in Global Market Expert in Optics Further Expand the Market Share Shipment Volume of the Company’s Vehicle Lens Sets (Unit: k) 39,949 40,000 31,891 30,000 22,622 20,000 10,000 0 2016 2017 2018 For the year ended 31 December 15
Slide 16: Solidify Leading Position in Domestic Market Further Capture Overseas Clients
Solidify Leading Position in Domestic Market Expert in Optics Further Capture Overseas Clients Shipment Volume of the Company’s Shipment Volume Proportion of the Company’s Handset Camera Modules Handset Camera Modules by Pixels 8-mega pixel handset camera modules 10-mega pixel above handset camera m
Slide 17: Future Outlook
Future Outlook
Slide 18: Distinctly Upgrade in Handset Lens Sets Broad Application Prospects
Distinctly Upgrade in Handset Lens Sets Expert in Broad Application Prospects Optics Large image area and Triple cameras and large aperture multiple cameras ￭ Improve the transmittance of light, making the photosensitive elements receive sufficient light ￭ 1/3~1/1.7… Front cameras with ultra Optical
Slide 19: Rapid Progress of Autonomous Driving Huge Potential in Optical Application
Rapid Progress of Autonomous Driving Expert in Huge Potential in Optical Application Optics Electronic rear view Front sensing Rear view for Head-up display parking Driver monitoring Attention 360° surround view monitoring Smart headlights LIDAR Surrounding cameras Blind spot detection 19
Slide 20: Potentials in the Different Fields
Expert in Potentials in the Different Fields Optics Industrial Medical Smart Eye AR/ VR Unmanned Aerial Vehicle Smart Retail Robotic 20
Slide 21: Q & A Session
Q & A Session IR Contacts： Sunny Optical Technology (Group) Company Limited Email: jfma@sunnyoptical.com jasmine@sunnyoptical.com chris@sunnyoptical.com Tel: +86 (574) 6253 4996 +852-3568 7038 Media Relations Contacts： Porda Havas International Finance Communications Group Email: sunnyoptical@pordah
Slide 22: Appendix
Appendix
Slide 23: Milestones
Expert in Milestones Optics Set up Zhejiang Sunny Successfully placed CREATE A WORLD-RENOWNED 97,000,000 new shares Optical Intelligence Technology Co., Ltd. in and raised net OPTOELECTRONIC COMPANY proceeds of Hangzhou, responsible for the R&D, marketing and approximately HKD sales of intelligent o
Slide 24: Shareholding Structure
Shareholding Structure Expert in Optics Sun Ji (1) 100.0% Sun Xu Public 35.47% 64.53% Sunny Optical (1) The Sunny Group Employee Offshore Trust is a trust which holds the entire issued share capital of Sun Ji Limited. Mr. Wang Wenjian, together with TMF Trust (HK) Limited, is one of the two trustees
Slide 25: Investment Highlights
Expert in Investment Highlights Optics FINAL DIVIDENDS PAYOUT RATIO AT 20%-30% OUTSTANDING PERFORMANCE OF THE PROFIT FOR THE YEAR ATTRIBUTABLE IN NET PROFIT TO OWNERS OF THE COMPANY Net Profit Dividends (RMB: mn) (RMB: mn) 3,000 2,914.1 800 725.1 2,512.7 700 2,500 623.0 600 2,000 500 1,500 1,271.6 4
Sunny Optical Technology (Group) Company — FY2018 Earnings Presentation on 6ix