Chroma Ate Inc. · TWSE:2360
Chroma Ate — Q4 2010 Earnings Presentation
20 slides from Chroma Ate's earnings presentation, Feb 16, 2011
Slide 1: Chroma ATE Inc. 4Q.2010 Investor Conference
Your Testing Quality is Our Commitment. CHROMA ATE INC. 2011 4Q.2010 Investor Conference Paul Ying, CFO Leo Huang, CEO & Chairman 16th February, 2011 1
Slide 2: Disclaimer
Disclaimer This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “c
Slide 3: Agenda
AGENDA • Corporate Profile • Quarterly Highlights • Financial Review • Operation Highlights • Q&A 3
Slide 4: Corporate Profile
CORPORATE PROFILE lest toz aiutos, Sroviders
Slide 5: Corporate Profile
Corporate Profile Sales Revenues R&D Expenses • Founded in 1984, a world leading own brand R&D Expenses in % of Sales Revenues turnkey test & automation solution provider, 5,640 Parent Only specialized in electronics test and measurement instruments and system. Products cover test and measurement in
Slide 6: Financial Performance
Financial Performance Consolidated Sales Revenues EPS Net Profit Gross Margin Parent Only Sales Revenues Parent Only Operating Margin 60.1% 59.4% 1,812 14,886 53.9% 1,538 50.6% 1,010 1,105 54.9% 12,630 12,228 10,914 863 5.22 5.05 * Unit: EPS in NTD Unit: Million NTD Unit: Million NTD 33.4% * Unit:%
Slide 7: Financial Performance: ROE and Dividend
Financial Performance Dividend ROE Cash dividend Parent Only Parent Only 5.22 Stock dividend 25.87 5.05 * 19.47 17.74 3.80 17.70 3.64 3.60 13.81 3.38 * Unit: NTD Unit: % 2.45 2.50 * 2.00 2.00 0.60 0.50 0.40 0.30 0.40 * 2006 * 2007 2008 2009 2010 2006 2007 2008 2009 2010 * 2006 – 2007 ROE adjusted, a
Slide 8: Chroma Global Network
Chroma Global Network Global Employees1,490, Branch Offices x15, Distributors x47 US : Irvine / Hong Kong : Neworld Lake Forest CA. Europe : Netherlands / Finland Japan: Shin Yokohama China : Shenzhen / Dongguan / Xiamen / Suzhou Nanjing / Shanghai / Beijing / Sichuan 8
Slide 9: Product Mix
Product Mix A Turnkey Test and Automation Solution Provider Year 2009 Year 2010 * Services & Others included general services, EV business and government projects. 9
Slide 10: Quarterly Highlights / Financial Review
QUARTERLY HIGHLIGHTS FINANCIAL REVIEW 10
Slide 11: Quarterly Highlights
Quarterly Highlights Sales Revenues Gross Margin Operating Margin 4Q 2010 Key Points 1,752 • Sales Revenue: NT$ 1,214 million, 1,500 58% down 31% QoQ, up 6% YoY 55% 53% 52% 52% 54% 1,214 Unit: % of Sales Revenue 1,174 • Gross Margin: 53% 53% 1,150 Unit: Million NTD 42% 960 • Operating Margin: 25% 32
Slide 12: 4Q'2010 Income Statement (QoQ / YoY Comparison)
4Q’ 2010 Income Statement (QoQ / YoY Comparison) Parent Only 4Q’ 2010 % 3Q’ 2010 % QoQ 4Q’ 2009 % YoY (Unit: Million NTD, except for EPS in NTD) % % Net Sales 1,214 100.0% 1,752 100.0% (31%) 1,150 100.0% 6% Cost of Goods Sold (577) (47.5%) (804) (45.9%) (28%) (549) (47.7%) 5% Gross Profit 637 52.5%
Slide 13: 2010 Income Statement (YoY Comparison) - Parent Only
2010 Income Statement (YoY Comparison) Parent Only 2010 % 2009 % YoY (Unit: Million NTD, except for EPS in NTD) % Net Sales 5,640 100.0% 3,444 100.0% 64% Cost of Goods Sold (2,544) (45.1%) (1,700) (49.4%) 50% Gross Profit 3,096 54.9% 1,744 50.6% 78% Operating Expenses: General & Administration (867)
Slide 14: 2010 Income Statement (YoY Comparison) - Consolidated
2010 Income Statement (YoY Comparison) Consolidated 2010 % 2009 % YoY (Unit: Million NTD, except for EPS in NTD) % Net Sales 14,886 100.0% 10,914 100.0% 36% Cost of Goods Sold (10,614) (71.3%) (8,294) (76.0%) 28% Gross Profit 4,272 28.7% 2,620 24.0% 63% Operating Expenses: General & Administration (
Slide 15: Balance Sheet Highlights & Financial Ratio
Balance Sheet Highlights & Financial Ratio Parent Only (Unit: Million NTD) Dec. 2010 Dec. 2009 +/-% Balance Sheet Highlights Cash & Short Term Investment 665 403 + 65% Inventory 1,367 1,008 + 36% Short Term Debt 200 790 - 75% Long Term Debt - - - Shareholders Equity 7,558 6,449 + 17% Total Assets 9,
Slide 16: Operation Highlight
OPERATION HIGHLIGHT lest toz aiutos, Sroviders
Slide 17: Sales Breakdown By Testing Solution
Sales Breakdown By Testing Solution (Unit: Million NTD) 4Q’2010 % QoQ 2010.A % 2009.A % YoY Power Electronics 503 41.4% (26%) 2,199 39.0% 1,240 36.0% 77% Testing Component Testing 99 8.2% (21%) 416 7.4% 297 8.6% 40% Video Color Testing 22 1.8% (65%) 233 4.1% 157 4.6% 48% LCM Testing 50 4.1% (38%) 40
Slide 18: Sales Breakdown By Industries
Sales Breakdown By Industries Innovation, Integration Capability, Market Penetration Unit: Sales in million NTD / % of Sales $ 2,677 $ 4,208 $ 4,158 $ 3,444 $ 5,640 4% 5% 17% 31% 61% 47% 48% 40% 44% * Clean Technology included solar, LED, battery cell formation and EV OEM business. 18
Slide 19: Year 2011 Guidance
Year 2011 Guidance Year 2010 sales revenues was mainly contributed from Solar ( YoY 931%), LED ( YoY 329%) and Power ( YoY 77%) businesses. Expect Year 2011 sales revenues to grow at a rate of double digits and sustained gross margin through innovated solutions. Strengthen clean technology sectors d
Slide 20: Thank You
www.chromaate.com The World for You & for Me… Thank You! 20