Delta Electronics, Inc. · TWSE:2308

Delta Electronics — Q4 2015 Earnings Presentation

40 slides from Delta Electronics's earnings presentation, Mar 11, 2016

  1. Slide 1: Delta Electronics, Inc. 4Q 2015 Results Analyst Meeting

    台達電子2015年第四季財報法人說明會 Delta Electronics, Inc. 4Q 2015 Results Analyst Meeting 11 Mar 2016

  2. Slide 2: Financial numbers based on IFRS

    • 本簡報財務數字係根據國際財務報導準則編製 The financial numbers hereby are based on International Financial Reporting Standards (IFRS) • 合併數字係經由會計師查核簽證 Cumulative consolidated numbers were audited by CPA 2 Delta Confidential

  3. Slide 3: 2015 Fourth Quarter Results

    2015年第四季結算數字 2015 Fourth Quarter Results 3 Delta Confidential

  4. Slide 4: Sales Revenue

    合併營收 Sales Revenue QoQ 單位：新台幣十億元 0% Unit: NT$ billion YoY +13% 55.9 55.7 49.5 48.7 43.2 4Q14 1Q15 2Q15 3Q15 4Q15 4 Delta Confidential

  5. Slide 5: Sales Revenue by Business (1)

    業務分類(一) Sales Revenue by Business (1) 3Q15 4Q15 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 54% 53% 其他 能源管理 其他 能源管理 (Others) 智能綠生活 (Energy (Others) 智能綠生活 (Energy 1% (Smart Green Mgmt) 1% (Smart Green Mgmt) Life) 26% Life) 27% 19% 19% 5 Delta Confidential

  6. Slide 6: Sales Revenue by Business (1)

    業務分類(一) Sales Revenue by Business (1) 單位：新台幣百萬元 Unit: NT$ million 3Q15 4Q15 Change 電源及零組件 (Power Electronics) 30,342 29,197 -4% 能源管理 (Energy Management) 14,541 14,851 2% 智能綠生活 (Smart Green Life) 10,473 10,581 1% 6 Delta Confidential

  7. Slide 7: Sales Revenue by Business (2)

    業務分類(二) Sales Revenue by Business (2) 4Q14 4Q15 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 59% 53% 能源管理 其他 能源管理 智能綠生活 其他 (Energy (Others) 智能綠生活 (Energy (Smart 1% (Smart Green Mgmt) (Others) Mgmt) Green Life) Life) 27% 1% 19% 19% 21% 7 Delta Confidential

  8. Slide 8: Sales Revenue by Business (2)

    業務分類(二) Sales Revenue by Business (2) 單位：新台幣百萬元 Unit: NT$ million 4Q14 4Q15 Change 電源及零組件 (Power Electronics) 29,441 29,197 -1% 能源管理 (Energy Management) 10,108 14,851 47% 智能綠生活 (Smart Green Life) 10,272 10,581 3% 8 Delta Confidential

  9. Slide 9: Gross Profit

    營業毛利 Gross Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -3% YoY +15% 15.8 15.2 13.2 13.2 11.2 28.2% 27.4% 26.7% 26.0% 27.0% 4Q14 1Q15 2Q15 3Q15 4Q15 9 Delta Confidential

  10. Slide 10: R&D Expenses

    研發費用 R&D Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ +2% YoY +16% 3.5 4.0 4.1 3.1 3.4 7.0% 7.1% 6.9% 7.1% 7.3% 4Q14 1Q15 2Q15 3Q15 4Q15 10 Delta Confidential

  11. Slide 11: SG&A Expenses

    銷管費用 SG&A Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ +3% YoY +37% 5.6 5.8 5.0 4.3 3.9 10.3% 10.1% 10.5% 8.6% 9.0% 4Q14 1Q15 2Q15 3Q15 4Q15 11 Delta Confidential

  12. Slide 12: Total Operating Expenses

    總營業費用 Total Operating Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ +3% YoY +28% 9.6 9.9 7.8 8.4 7.0 17.3% 17.2% 17.8% 15.7% 16.1% 4Q14 1Q15 2Q15 3Q15 4Q15 12 Delta Confidential

  13. Slide 13: Operating Profit

    營業淨利 Operating Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -13% YoY -2% 5.5 6.1 5.3 4.3 4.7 11.1% 11.0% 9.9% 9.7% 9.6% 4Q14 1Q15 2Q15 3Q15 4Q15 13 Delta Confidential

  14. Slide 14: Operating Profit by Sector

    主要部門營業淨利 Operating Profit by Sector 單位：新台幣百萬元 Unit: NT$ million 4Q14 3Q15 4Q15 電源及零組件 (Power Electronics) 4,531 4,733 4,078 能源管理 (Energy Management) 1,462 1,534 1,598 智能綠生活 (Smart Green Life) 1,096 1,119 1,107 14 Delta Confidential

  15. Slide 15: Non-Operating Profit

    業外損益 Non-Operating Profit 單位：新台幣十億元及營收百分比 QoQ Unit: NT$ billion & % of sales -16% YoY +52% 1.5 1.2 0.8 0.8 0.8 2.6% 2.2% 1.6% 1.9% 1.6% 4Q14 1Q15 2Q15 3Q15 4Q15 15 Delta Confidential

  16. Slide 16: Non-Operating Profit Breakdown

    業外損益細項 Non-Operating Profit Breakdown 單位：新台幣百萬元 Unit: NT$ million 4Q14 3Q15 4Q15 處分投資(Investment disposal) (99) 14 118 投資損益(Investment income) 195 305 324 利息及匯兌收益(Interest and FX income) 252 445 8 其他業外損益(Others) 461 707 779 合計(Total) 809 1,471 1,229 16 Delta Confidential

  17. Slide 17: Profit before Income Tax

    稅前淨利 Profit before Income Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -14% YoY +5% 7.6 6.6 6.3 5.5 5.1 12.7% 11.8% 11.3% 13.6% 11.8% 4Q14 1Q15 2Q15 3Q15 4Q15 17 Delta Confidential

  18. Slide 18: EBITDA

    息稅折舊及攤銷前利潤 EBITDA 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -11% YoY +9% 10.0 8.9 8.2 7.0 7.7 16.5% 16.3% 15.8% 17.8% 16.0% 4Q14 1Q15 2Q15 3Q15 4Q15 18 Delta Confidential

  19. Slide 19: Income Tax & Non-Controlling Interest

    所得稅與非控制權益 Income Tax & Non-Controlling Interest 單位：新台幣百萬元 Unit: NT$ million 3Q15 4Q15 稅前淨利(Profit before income tax) 7,616 6,569 所得稅(Income tax) (1,488) (1,286) 非控制權益(Non-controlling interest) (231) (125) 稅後淨利(Net profit after tax) 5,896 5,158 19 Delta Confidential

  20. Slide 20: Net Profit after Tax

    稅後淨利 Net Profit after Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -13% YoY +3% 5.9 5.0 5.2 3.9 3.8 10.2% 10.5% 8.9% 7.8% 9.3% 4Q14 1Q15 2Q15 3Q15 4Q15 20 Delta Confidential

  21. Slide 21: EPS

    每股淨利(新台幣元) EPS (unit: NT$) 2.06 2.42 2.11 1.59 1.55 4Q14 1Q15 2Q15 3Q15 4Q15 *每股盈餘之設算基於加權平均股數24.38億股 (註:2015/12/31在外流通股數25.98億股) *EPS based on weighted average shares outstanding of 2,438 million shares. (On Dec 31 2015, the number of outstanding shares is around 2,598 million) 21 Delta Confidential

  22. Slide 22: 2015 Full-year Results

    2015年結算數字 2015 Full-year Results 22 Delta Confidential

  23. Slide 23: Sales Revenue

    合併營收 Sales Revenue 單位：新台幣十億元 Unit: NT$ billion +7% 203.5 190.6 2014 2015 23 Delta Confidential

  24. Slide 24: Sales Revenue by Business

    業務分類 Sales Revenue by Business 2014 2015 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 54% 60% 其他 其他 (Others) (Others) 1% 1% 智能綠生活 能源管理 智能綠生活 能源管理 (Smart Green (Energy Mgmt) (Smart Green (Energy Mgmt) Life) Life) 26% 19% 24 19% 20% Delta Confidential

  25. Slide 25: Sales Revenue by Business

    業務分類 Sales Revenue by Business 單位：新台幣百萬元 Unit: NT$ million 2014 2015 Change 電源及零組件 (Power Electronics) 114,480 109,794 -4% 能源管理 (Energy Management) 36,700 52,529 43% 智能綠生活 (Smart Green Life) 36,847 38,679 5% 25 Delta Confidential

  26. Slide 26: Gross Profit

    營業毛利 Gross Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 51.5 +8% 55.4 27.0% 27.2% 2014 2015 26 Delta Confidential

  27. Slide 27: R&D Expenses

    研發費用 R&D Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +16% 14.5 12.4 7.1% 6.5% 2014 2015 27 Delta Confidential

  28. Slide 28: SG&A Expenses

    銷管費用 SG&A Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +26% 20.4 16.2 10.0% 8.5% 2014 2015 28 Delta Confidential

  29. Slide 29: Total Operating Expenses

    總營業費用 Total Operating Expenses 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +22% 34.9 28.7 17.1% 15.0% 2014 2015 29 Delta Confidential

  30. Slide 30: Operating Profit

    營業淨利 Operating Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales -10% 22.8 20.5 12.0% 10.1% 2014 2015 30 Delta Confidential

  31. Slide 31: Operating Profit by Sector

    主要部門營業淨利 Operating Profit by Sector 單位：新台幣百萬元 Unit: NT$ million 2014 2015 電源及零組件 (Power Electronics) 18,059 15,653 能源管理 (Energy Management) 6,074 6,289 智能綠生活 (Smart Green Life) 3,989 3,742 31 Delta Confidential

  32. Slide 32: Non-Operating Profit

    業外損益 Non-Operating Profit 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales +15% 4.3 3.7 1.9% 2.1% 2014 2015 32 Delta Confidential

  33. Slide 33: Non-Operating Profit Breakdown

    業外損益細項 Non-Operating Profit Breakdown 單位：新台幣百萬元 Unit: NT$ million 2014 2015 處分投資(Investment disposal) 57 (110) 投資損益(Investment income) 986 1,233 利息及匯兌收益(Interest and FX income) 984 765 其他業外損益(Others) 1,677 2,388 合計(Total) 3,704 4,276 33 Delta Confidential

  34. Slide 34: Profit before Income Tax

    稅前淨利 Profit before Income Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales -7% 26.5 24.8 13.9% 12.2% 2014 2015 34 Delta Confidential

  35. Slide 35: EBITDA

    息稅折舊及攤銷前利潤 EBITDA 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 34.3 -2% 33.6 18.0% 16.5% 2014 2015 35 Delta Confidential

  36. Slide 36: Income Tax & Non-Controlling Interest

    所得稅與非控制權益 Income Tax & Non-Controlling Interest 單位：新台幣百萬元 Unit: NT$ million 2014 2015 稅前淨利(Profit before Income Tax) 26,522 24,775 所得稅(Income Tax) (4,203) (4,892) 非控制權益(Non-controlling interest) (1,615) (1,168) 稅後淨利(Net profit after tax) 20,704 18,715 36 Delta Confidential

  37. Slide 37: Net Profit after Tax

    稅後淨利 Net Profit after Tax 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales 20.7 -10% 18.7 10.9% 9.2% 2014 2015 37 Delta Confidential

  38. Slide 38: EPS

    每股淨利(新台幣元) EPS (unit: NT$) 8.49 7.67 2014 2015 *每股盈餘之設算基於加權平均股數24.38億股 (註:2015/12/31在外流通股數25.98億股) *EPS based on weighted average shares outstanding of 2,438 million shares. (On Dec 31 2015, the number of outstanding shares is around 2,598 million) 38 Delta Confidential

  39. Slide 39: Proposed Earnings Distribution

    盈餘分配 Earnings Distribution 董事會建議盈餘分配 Proposed Earnings Distribution 現金股利每股5.0元 Cash dividend per share: NT$5.0 39 Delta Confidential

  40. Slide 40: Smarter. Greener. Together.

    Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com

Delta Electronics — Q4 2015 Earnings Presentation on 6ix