Slide 1: HTC Corporation 4Q17 Results Summary
HTC CORPORATION 4Q17 RESULTS SUMMARY March 26th 2018
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 4Q17 Financial Highlights: • Quarterly revenue of NT$15.7 billion with gross margin of -30.8% • Quarterly operating loss of NT$9.6 billion with operating margin of -60.8% • Quarterly net loss after tax: NT$9.8 billion, or -NT$11.93 per share • Quarterly loss due to market competiti
Slide 4: Revenues and Operating Profit
REVENUES AND OPERATING PROFIT Revenues Operating Profit NT$bn NT$bn 40 2 0 2- 22.2 (2.4) (2.2) 20 4- (3.6) (3.3) 16.1 15.7 15.7 14.5 6- 8- 0 10- (9.6) 16Q4 17Q1 17Q2 17Q3 17Q4 16Q4 17Q1 17Q2 17Q3 17Q4
Slide 5: Gross and Operating Margins
GROSS AND OPERATING MARGINS Gross Margin Operating Margin % % 16.3 13.7 10.5 10.3 (13.6) (16.0) (16.2) (20.9) 48% (60.8) (30.8) 16Q4 17Q1 17Q2 17Q3 17Q4 16Q4 17Q1 17Q2 17Q3 17Q4
Slide 6: 4Q 2017 P&L (Consolidated)
4Q 2017 P&L (CONSOLIDATED) NT$bn 4Q 16 3Q 17 4Q 17 REVENUES 22.2 15.7 15.7 GROSS PROFIT 2.3 1.6 -4.8 OPERATING EXPENSE 5.9 4.9 4.7 SALES MKTING. 2.1 1.4 1.1 RESEARCH DEV. 2.7 2.6 2.6 GENERAL ADM. 1.1 0.9 1.0 OPERATING PROFIT -3.6 -3.3 -9.6 NPBT -3.3 -3.1 -9.8 NPAT1 -3.1 -3.1 -9.8 GROSS MARGIN (%) 10
Slide 7: 4Q 2017 Balance Sheet (Consolidated)
4Q 2017 BALANCE SHEET (CONSOLIDATED) NT$bn Dec 31, 16 Sep 30, 17 Dec 31, 17 TOTAL ASSETS 103.1 83.3 66.6 1 Cash 35.8 23.0 18.4 AR 16.0 9.9 8.5 INVENTORY 14.2 15.9 7.4 OTHER ASSETS 37.1 34.5 32.3 TOTAL LIABILITIES 51.3 39.4 32.9 2 TOTAL EQUITY 51.8 43.8 33.7 3 METRICS DAYS SALES OUTSTANDING 80 74 67
Slide 8: Thank you
htc thank you___
Slide 9: HTC Corporation and Subsidiaries Balance Sheets
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars) 2017 2016 ASSETS Amount % Amount % CURRENT ASSETS Cash and cash equivalents (Note 6) $ 10,443,227 16 $ 30,080,217 29 Financial assets at fair value through profit or loss - cu
Slide 10: Comprehensive Income
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars, Except Loss Per Share) 2017 2016 Amount % Amount % OPERATING REVENUES (Notes 8, 25 and 33) $ 62,119,814 100 $ 78,161,158 100 OPERATING
Slide 11: Comprehensive Income (Concluded)
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars, Except Loss Per Share) 2017 2016 Amount % Amount % $ (1,269,936) (2) $ (2,408,164) (3) Other comprehensive loss for the year, net of in
Slide 12: Changes in Equity
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars) Equity Attributable to Owners of the Parent Other Equity Retained Earnings Exchange Unrealized Unappropriated Differences on Losses on Sha
Slide 13: Cash Flows
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars) 2017 2016 CASH FLOWS FROM OPERATING ACTIVITIES Loss before income tax $ (16,958,835) $ (10,583,948) Adjustments for: Depreciation expenses 1,006,
Slide 14: Cash Flows (continued)
HTC CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 (In Thousands of New Taiwan Dollars) 2017 2016 Proceeds from disposal of property, plant and equipment $ 17,766 $ 2,935,283 Increase in advance receipts - disposal of property 1,388,