Innolux Corp. · TWSE:3481
Innolux — Chimei Innolux — Q1 2012 Earnings Presentation
12 slides from Innolux's earnings presentation, April 2012
Slide 1: 1Q 2012 Earning Results
1Q 2012 Earning Results April 2 0 1 2
Slide 2: Disclaimer
Disclaimer Chimei Innolux Corporation’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward looking statements. The
Slide 3: CMI with TFT Subsidiaries 1Q 2012 Income Statement - QoQ
CMI with TFT Subsidiaries 1Q 2012 Income Statement - QoQ NT$ million % % QoQ % Except Per Share Data 1Q12 Revenue 4Q11 Revenue Change Net Sales 109,236 100.0% 130,409 100.0% -16.2% Cost of Goods Sold 116,060 106.2% 141,073 108.2% -17.7% Gross Profit (6,824) -6.2% (10,664) -8.2% -36.0% Operating Expe
Slide 4: CMI with TFT Subsidiaries 1Q 2012 Balance Sheet
CMI with TFT Subsidiaries 1Q 2012 Balance Sheet NT$ million 2012.3.31 2011.12.31 2011.3.31 Cash & Short Term Investment 58,048 59,449 52,727 Inventory 60,939 59,540 67,691 Total Assets 643,250 668,479 707,736 Short Term Debt (1) 113,382 275,081 104,772 Long Term Debt (2) (3) 215,495 49,377 207,027 S
Slide 5: Large-size Shipment Units and ASP Trends
Large-size Shipment Units and ASP Trends Unit shipment(1) ASP(1)(2) (’000) (US$) 60,000 Shipment ASP 140 50,000 119 113 99 101 95 40,000 90 89 86 100 30,000 60 20,000 36,991 33,888 33,637 35,471 35,399 30,597 32,272 32,358 20 10,000 0 -20 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Notes: 1. Exchange ra
Slide 6: Small & Medium-Size Shipment and Sales Trends
Small & Medium-Size Shipment and Sales Trends Revenue(1) Unit shipment(1) (NT$ Million) (Million Units) 40,000 Shipment Revenue 250 34,225 35,000 28,590 28,729 27,954 200 30,000 25,875 25,867 23,448 25,000 150 20,000 16,447 15,000 100 10,000 123 115 110 108 101 110 50 95 90 5,000 0 0 2Q10 3Q10 4Q10
Slide 7: Revenue, Gross Margin, EBITDA Trends, and EPS Trends
Revenue, Gross Margin, EBITDA Trends, and EPS Trends Revenue(1) Revenue EBITDA Margin Gross Margin EPS (NT$ Billion) 1.43 -0.80 24.1% -1.89 -1.78 -2.36 -1.75 250 -2.73 -3.79 15.0% 9.3% 10.0% 9.1% 200 4.7% 4.3% 4.4% 12.8% -5.3% -5.4% -8.2% -6.2% 2.7% -9.9% 150 -7.6% 100 145 137 130 124 122 125 130 50
Slide 8: Sales Breakdown by Application
Sales Breakdown by Application TV Desktop Notebook Small & Medium Others 4% 4% 4% 5% 3% 2% 2% 4% 100% 11% 19% 19% 23% 22% 23% 26% 24% 80% 8% 6% 9% 6% 6% 12% 10% 11% 60% 36% 30% 30% 33% 29% 28% 28% 25% 40% 20% 41% 41% 37% 39% 35% 35% 34% 36% 0% 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Notes: 1. All fi
Slide 9: Sales Breakdown by Size
Sales Breakdown by Size <10" 10 to <20" 20 to <30" 30 to <40" 40"+ 100% 12% 12% 9% 12% 15% 15% 15% 14% 16% 80% 19% 18% 18% 15% 11% 12% 14% 60% 29% 27% 25% 27% 29% 24% 27% 30% 40% 18% 22% 20% 17% 23% 21% 23% 27% 20% 27% 30% 28% 20% 23% 24% 20% 12% 0% 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Notes: 1.
Slide 10: TFT LCD Fabs Update
TFT LCD Fabs Update Substrate size Dec-12 Generation Site Main Products Technology (mm2) (K/month) G3.5 LTPS Jhunan, Taiwan 620 x 750 70 Small/Medium LTPS, OLED G3.5 Tainan, Taiwan 620 x 750 55 Small/Medium G4.5 Jhunan, Taiwan 730 x 920 45 TFT and Touch Panel Compatible Touch panel G4 Tainan, Taiwan
Slide 11: Touch Sensor Fabs Update
Touch Sensor Fabs Update 2 Mar-12 Dec-12 Generation Site Substrate size (mm ) Main Products (K/month) (K/month) G2.5 Longhua, China 400 x 500 80 80 Smartphone G4.5 Jhunan, Taiwan 730 x 920 45 45 Tablet G4.5 Tainan, Taiwan 730 x 920 100 150 Tablet G5 Jhunan, Taiwan 1100 x 1300 10 20 NB Page 11
Slide 12: For further information, please visit our website
For further information, please visit our website at: www.chimei-innolux.com Contact Investor Relations at: phone: +886 (0)6 505-3760 email:ir@chimei-innolux.com Page 12