Delta Electronics, Inc. · TWSE:2308
Delta Electronics — Q3 2021 Earnings Presentation
21 slides from Delta Electronics's earnings presentation, Oct 29, 2021
Slide 1: Delta Electronics, Inc. Q3 2021 Results Analyst Meeting
台達電子2021年第三季財報法人說明會 線上Q&A說明 • 會議將於 10/29 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. Q3 2021 Results Analyst Meeting Instructions of online Q&A • The meeting will start at 15:00, Oct 29 • Participants may raise your questions via textb
Slide 2: Delta Electronics, Inc. Q3 2021 Results
Delta Electronics, Inc. Q3 2021 Results 台達電子2021年第三季財報法人說明會 29 Oct 2021
Slide 3: Basis of financial numbers (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 reviewed by CPA 合併數字經會計師查閱簽證 3
Slide 4: Q3 2021 Financial Results
Q3 2021 Financial Results 2021年第三季結算數字 4
Slide 5: 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 3Q20 4Q20 1Q21 2Q21 3Q21 Sales 77.7 78.5 72.5 78.8 79.6 Sales +3% +1% 營收 GP 毛利 3Q20 4Q20 1Q21 2Q21 3Q21 GP -9% -5% GP 24.8 24.4 21.6 23.7 22.5 毛利 GPM 31.9% 31.1% 29.8% 30.1% 28.3% 5
Slide 6: Operating Profits & Expenses
Operating Profits & Expenses NT$ billion 營業淨利及費用 新台幣十億元 25.0 20.0 6.7 6.8 7.0 y/y q/q 6.5 6.9 年對年 季對季 R&D 15.0 7.7 7.9 7.9 SG&A 10.0 7.6 7.9 R&D +4% -1% OP 研發費用 5.0 10.4 9.7 7.5 8.8 7.8 0.0 SG&A +2% -1% (% of sales) 3Q20 4Q20 1Q21 2Q21 3Q21 銷管費用 R&D 8.6% 8.7% 8.9% 8.8% 8.6% OPEX +3% -1% SG&A 9.9% 10
Slide 7: 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 Power Electronics Automation y/y q/q y/y q/q Infrastructure 年對年 季對季 年對年 季對季 Others Power Electronics 47,730 +2% +2% 5,681 -22% +4% 電源及零組件 61% 59% 60% Automation 11,283 +16% -8% 908 -17% -48% 自動化 12% 16% 14% Infrastructure 20,
Slide 8: Non-operating Profits
Non-operating Profits 業外損益 NT$ billion NT$ million 3Q20 2Q21 3Q21 新台幣十億元 新台幣百萬元 Gain on disposal of investment (3) 90 0 處分投資損益 Non-OP Interest income 38 41 44 利息收益 業外損益 FX income 96 316 412 匯兌損益 Others 782 854 53 3Q204Q201Q212Q213Q21 其他 non-op 0.9 0.1 1.3 1.3 0.5 Total % of sales 1.2% 0.2% 1.8% 1.7%
Slide 9: Profits before Tax v.s EBITDA
Profits before Tax v.s EBITDA 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 3Q20 4Q20 1Q21 2Q21 3Q21 PBT 11.4 9.9 8.8 10.1 8.3 Profits % of sales 14.6% 12.6% 12.2% 12.8% 10.4% before -27% -18% tax 稅前淨利 EBITDA 息稅折舊及 攤銷前利潤 3Q20 4Q20 1Q21 2Q21 3Q21 EBITDA 息稅折舊及 -18% -12% EB
Slide 10: Net Profits after Tax
Net Profits after Tax NT$ billion 新台幣十億元 稅後淨利 Net NT$ million 3Q20 2Q21 3Q21 profits 新台幣百萬元 after Profit before income tax 11,361 10,081 8,287 tax 3Q 4Q 1Q 2Q 3Q 稅前淨利 稅後淨利 20 20 21 21 21 Net profits Income tax (2,246) (2,017) (1,689) 8.4 7.4 6.6 7.6 6.4 所得稅 after tax % of sales 10.8% 9.5% 9.1% 9.6%
Slide 11: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 3.23 2.86 2.54 2.92 2.45 3Q20 4Q20 1Q21 2Q21 3Q21 *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 12: YT3Q 2021 Financial Results
YT3Q 2021 Financial Results 2021年前三季結算數字 12
Slide 13: 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 YT3Q20 YT3Q21 Sales +13% Sales 204.1 230.9 營收 GP 毛利 YT3Q20 YT3Q21 GP +8% GP 62.8 67.8 毛利 % of sales 30.8% 29.4% 13
Slide 14: Operating Profits & Expenses
Operating Profits & Expenses 營業淨利及費用 NT$ billion 新台幣十億元 60.0 20.3 y/y 18.7 年對年 R&D 40.0 22.4 23.4 R&D SG&A +9% OP 20.0 研發費用 21.7 24.1 0.0 SG&A +5% (% of sales) YT3Q20 YT3Q21 銷管費用 R&D 9.1% 8.8% OPEX +6% SG&A 11.0% 10.2% 總營業費用 OPEX 20.1% 19.0% OP +11% OPM 10.6% 10.4% 營業淨利 14
Slide 15: Performance by Segment
Performance by Segment 主要部門表現 NT$ million Sales% Sales Profits 營收佔比 新台幣百萬元 Infrastructure Automation y/y y/y Power Electronics 年對年 年對年 Power Electronics 138,091 +17% 16,200 +8% 電源及零組件 58% 60% Automation 34,216 +19% 3,929 +44% 自動化 14% 15% Infrastructure 28% 25% 58,379 +2% 3,931 -1% 基礎設施 YT3Q20 YT3Q21
Slide 16: 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 YT3Q20 YT3Q21 Gain on disposal of investment (80) 90 處分投資損益 Non-OP Interest income 業外損益 136 133 利息收益 FX income 512 1,035 匯兌損益 Others 2,131 1,865 YT3Q20 YT3Q21 其他 non-op 2.7 3.1 Total 2,699 3,123 % of sales 1.3% 1.4% 合計 16
Slide 17: 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 YT3Q20 YT3Q21 PBT 24.4 27.2 % of sales 12.0% 11.8% Profits before tax +11% 稅前淨利 EBITA 息稅折舊及 攤銷前利潤 YT3Q20 YT3Q21 EBITA +10% EBITA 36.6 40.1 息稅折舊及攤銷前利潤 % of sales 17.9% 17.4% 17
Slide 18: Net Profits after Tax
Net Profits after Tax 稅後淨利 NT$ billion 新台幣十億元 NT$ million YT3Q20 YT3Q21 Net 新台幣百萬元 profits Profit before income tax after tax 24,391 27,183 稅前淨利 稅後淨利 YT3Q20 YT3Q21 Income tax (4,928) (5,478) 所得稅 Net profits 18.1 20.5 after tax Non-controlling interest (1,409) (1,166) % of sales 8.8% 8.9% 非控制權益 y/y N
Slide 19: EPS
EPS 每股淨利 Unit: NT$ 新台幣元 6.95 7.91 YT3Q20 YT3Q21 *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。 19
Slide 20: 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 21: Smarter. Greener. Together.
Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com