Delta Electronics, Inc. · TWSE:2308
Delta Electronics — Q4 2020 Earnings Presentation
24 slides from Delta Electronics's earnings presentation, Feb 25, 2021
Slide 1: Delta Electronics Q4 2020 Results Analyst Meeting
台達電子2020年第四季財報法人說明會 線上Q&A說明 • 會議將於 2/25 15:00 準時開始 • 與會者可於線上進行提問 • 提問前請先輸入您所屬的代表機構及姓名 • 如無法線上提問，請聯絡技術團隊：(02)8797-2088 # 5074 Delta Electronics, Inc. Q4 2020 Results Analyst Meeting Instructions of online Q&A • The meeting will start at 15:00, Feb 25 • Participants may raise your questions via textbo
Slide 2: Delta RE100 Target
台達RE100目標 100%再生能源 + 碳中和 45 % 32 % 2030 *2019年台達主要生產廠區再生能源比例44.1%
Slide 3: International Recognition
International Recognition 2011-2020 CDP DJSI - World Index (formerly the Carbon Disclosure Project) Climate Change Leadership Level 2012, 2015, 2018-2020 2016, 2017, 2019, 2020 Industry Leader Water Security Leadership Level 2020 Supplier Engagement Leader 2020
Slide 4: Delta Electronics, Inc. Q4 2020 Results
Delta Electronics, Inc. Q4 2020 Results 台達電子2020年第四季財報法人說明會 25 Feb 2021
Slide 5: Financial numbers based on IFRS
• The financial numbers hereby are based on International Financial Reporting Standards (IFRS) 本簡報財務數字係根據國際財務報導準則編製 • Cumulative consolidated numbers were audited by CPA 合併數字經會計師查核簽證 5
Slide 6: Q4 2020 Financial Results
Q4 2020 Financial Results 2020年第四季結算數字 6
Slide 7: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits 合併營收及毛利 NT$ billion 新台幣十億元 y/y q/q Sales 年對年 季對季 營收 4Q19 1Q20 2Q20 3Q20 4Q20 Sales 68.2 55.7 70.7 77.7 78.5 Sales +15% +1% 營收 GP 毛利 4Q19 1Q20 2Q20 3Q20 4Q20 GP +22% -2% GP 20.0 14.7 23.3 24.8 24.4 毛利 GPM 29.3% 26.5% 32.9% 31.9% 31.1% 7
Slide 8: Operating Profits & Expenses
Operating Profits & Expenses NT$ billion 營業淨利及費用 新台幣十億元 25.0 6.7 6.8 y/y q/q 20.0 6.5 年對年 季對季 R&D 15.0 6.7 7.5 7.7 7.9 SG&A 10.0 5.5 R&D +2% +2% 7.9 研發費用 OP 5.0 7.2 9.3 10.4 9.7 5.4 0.0 2.0 SG&A +0% +2% (% of sales) 4Q19 1Q20 2Q20 3Q20 4Q20 銷管費用 R&D 9.8% 9.9% 9.2% 8.6% 8.7% OPEX +0% +2% SG&A 11.6% 1
Slide 9: Performance by Segment
Performance by Segment 主要部門表現 Sales% NT$ million 營收佔比 新台幣百萬元 Sales Profits Others Infrastructure y/y q/q y/y q/q 年對年 季對季 年對年 季對季 Automation Power Electronics 44,165 +26% -1% 6,430 +98% -9% 電源及零組件 51% 58% 56% Automation 10,049 +4% +4% 1,143 +70% +5% 自動化 14% 13% 12% Infrastructure 34% 30% 31% 24,273 +
Slide 10: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion NT$ million 4Q19 3Q20 4Q20 新台幣十億元 新台幣百萬元 Gain on disposal of investment 189 (3) (15) 處分投資損益 Non-OP Interest income 38 38 32 利息收益 業外損益 FX income 36 96 12 匯兌損益 Others 617 782 121 4Q191Q202Q203Q204Q20 其他 non-op 0.8 0.9 0.9 0.9 0.1 Total % of sales 1.3% 1.5% 1.3% 1
Slide 11: Profits before Tax v.s EBITA
Profits before Tax v.s EBITA 稅前淨利及息稅折舊及攤銷前利潤 NT$ billion Profits 新台幣十億元 before y/y q/q tax 年對年 季對季 稅前淨利 4Q19 1Q20 2Q20 3Q20 4Q20 PBT 6.2 2.8 10.2 11.4 9.9 Profits % of sales 9.2% 5.1% 14.4% 14.6% 12.6% before +58% -13% tax 稅前淨利 EBITA 息稅折舊及 攤銷前利潤 4Q19 1Q20 2Q20 3Q20 4Q20 EBITA 息稅折舊及 +37% -10% EBITA 1
Slide 12: Net Profits after Tax
Net Profits after Tax 稅後淨利 NT$ billion Net 新台幣十億元 NT$ million 4Q19 3Q20 4Q20 profits 新台幣百萬元 after Profit before income tax 6,260 11,361 9,884 tax 4Q 1Q 2Q 3Q 4Q 稅前淨利 稅後淨利 19 20 20 20 20 Net profits Income tax (1,151) (2,246) (1,963) 5.1 2.1 7.6 8.4 7.4 所得稅 after tax % of sales 7.5% 3.7% 10.7% 10.8%
Slide 13: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 2.92 3.23 2.86 1.96 0.80 4Q19 1Q20 2Q20 3Q20 4Q20 *EPS based on shares outstanding of 2,598 million. 每股盈餘之設算基於在外流通股數25.98億股。
Slide 14: 2020 Full-year Financial Results
2020 Full-year Financial Results 2020年結算數字 14
Slide 15: Sales Revenues & Gross Profits
Sales Revenues & Gross Profits 合併營收及毛利 NT$ billion 新台幣十億元 y/y Sales 年對年 營收 2019 2020 Sales +5% Sales 268.1 282.6 營收 GP 毛利 2019 2020 GP +17% GP 74.5 87.2 毛利 % of sales 27.8% 30.9% 15
Slide 16: Operating Profits & Expenses
Operating Profits & Expenses 營業淨利及費用 NT$ billion 新台幣十億元 80.0 y/y 25.5 年對年 R&D 60.0 23.9 SG&A 40.0 30.3 R&D +7% 31.2 研發費用 OP 20.0 31.4 19.4 0.0 SG&A -3% (% of sales) 2019 2020 銷管費用 R&D 8.9% 9.0% OPEX +1% SG&A 11.6% 10.7% 總營業費用 OPEX 20.5% 19.7% OP +62% OPM 7.2% 11.1% 營業淨利 16
Slide 17: Performance by Segment
Performance by Segment 主要部門表現 Sales% NT$ million Sales Profits 營收佔比 新台幣百萬元 Power Electronics Automation y/y y/y Infrastructure Others 年對年 年對年 Power Electronics 155,421 +17% 20,902 +74% 50% 55% 電源及零組件 Automation 14% 38,773 +3% 3,869 +50% 14% 自動化 36% 31% Infrastructure 88,188 -9% 6,655 +37% 基礎設施 0% 0%
Slide 18: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion NT$ million 新台幣十億元 新台幣百萬元 2019 2020 Gain on disposal of investment 6,002 (95) 處分投資損益 Non-OP Interest income 業外損益 155 168 利息收益 FX income 517 524 匯兌損益 2019 2020 Others 3,072 2,252 non-op 9.7 2.8 其他 % of sales 3.6% 1.0% Total 合計 9,746 2,849 18
Slide 19: Profits before Tax v.s EBITA
Profits before Tax v.s EBITA 稅前淨利及息稅折舊及攤銷前利潤 NT$ billion Profits 新台幣十億元 before y/y tax 年對年 稅前淨利 2019 2020 PBT 29.1 34.3 % of sales 10.9% 12.1% Profits before tax +18% 稅前淨利 EBITA 息稅折舊及 攤銷前利潤 2019 2020 EBITA +15% EBITA 43.9 50.5 息稅折舊及攤銷前利潤 % of sales 16.4% 17.9% 19
Slide 20: Net Profits after Tax
Net Profits after Tax 稅後淨利 NT$ billion 新台幣十億元 NT$ million 2019 2020 Net 新台幣百萬元 profits Profit before income tax after tax 29,154 34,275 稅前淨利 稅後淨利 2019 2020 Income tax (5,227) (6,891) 所得稅 Net profits 23.1 25.5 after tax Non-controlling interest (809) (1,899) % of sales 8.6% 9.0% 非控制權益 y/y Net profit
Slide 21: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 扣除一次性非現金 處份投資利益-DET 1.76 8.90 9.81 7.14 2019 2020 *EPS based on shares outstanding of 2,598 million 每股盈餘之設算基於在外流通股數25.98億股。 21
Slide 22: Proposed Earnings Distribution
Proposed Earnings Distribution 董事會建議盈餘分配 Cash dividend per share: NT$5.5 現金股利每股新台幣5.5元 22 Delta Confidential
Slide 23: Business Category
Business Category 業務分類 • ICT infrastructure • EIS infrastructure • Power supplies 資通訊基礎設施 能源基礎設施 電源供應器 • Industrial automation Telecom power Off-board EV charger • Fans & thermal 工業自動化 通信電源 電動車充電設備 風扇及散熱管理 • Building automation Datacenter solutions Renewable energy • Passive components 樓宇自動化
Slide 24: Smarter. Greener. Together.
Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com