Slide 1: Delta Electronics, Inc. 4Q 2018 Results Analyst Meeting
台達電子2018年第四季財報法人說明會 Delta Electronics, Inc. 4Q 2018 Results Analyst Meeting 12 March 2019
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
Slide 3: 2018 Fourth Quarter Results
2018年第四季結算數字 2018 Fourth Quarter Results 3 Delta Confidential
Slide 4: Sales Revenue
合併營收 Sales Revenue QoQ 單位：新台幣十億元 +2% Unit: NT$ billion YoY +5% 61.4 63.6 64.6 57.9 50.9 4Q17 1Q18 2Q18 3Q18 4Q18 4 Delta Confidential
Slide 5: Sales Revenue by Business (QoQ)
業務分類 (季對季) Sales Revenue by Business (QoQ) 3Q18 4Q18 電源及零組件 電源及零組件 Power Power Electronics Electronics 52% 49% 自動化 自動化 Automation Automation 其他 14% 其他 15% Others Others 基礎設施 基礎設施 Infrastructure 1% Infrastructure 1% 32% 36% 5 Delta Confidential
Slide 6: Sales Revenue by Business (QoQ)
業務分類 (季對季) Sales Revenue by Business (QoQ) 單位：新台幣百萬元 Unit: NT$ million 3Q18 4Q18 Changes 電源及零組件 33,506 31,963 -5% Power Electronics 自動化 9,425 9,303 -1% Automation 基礎設施 20,166 22,953 +14% Infrastructure 6 Delta Confidential
Slide 7: Sales Revenue by Business (YoY)
業務分類 (年對年) Sales Revenue by Business (YoY) 4Q17 4Q18 電源及零組件 電源及零組件 Power Power Electronics Electronics 51% 49% 自動化 自動化 Automation Automation 14% 15% 其他 基礎設施 其他 Others 基礎設施 Infrastructure Others 1% Infrastructure 36% 1% 33% 7 Delta Confidential
Slide 8: Sales Revenue by Business (YoY)
業務分類 (年對年) Sales Revenue by Business (YoY) 單位：新台幣百萬元 Unit: NT$ million 4Q17 4Q18 Changes 電源及零組件 31,475 31,963 +2% Power Electronics 自動化 9,289 9,303 +0% Automation 基礎設施 20,360 22,953 +13% Infrastructure 8 Delta Confidential
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 +10% 16.6 17.8 18.3 13.0 14.5 27.9% 28.3% 27.0% 25.6% 25.1% 4Q17 1Q18 2Q18 3Q18 4Q18 9 Delta Confidential
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 +6% YoY +21% 5.2 5.4 4.5 4.2 4.5 8.3% 7.8% 8.0% 8.4% 7.3% 4Q17 1Q18 2Q18 3Q18 4Q18 10 Delta Confidential
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 +10% 6.4 6.5 6.7 6.9 6.0 11.8% 11.2% 10.3% 10.5% 10.7% 4Q17 1Q18 2Q18 3Q18 4Q18 11 Delta Confidential
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 +5% YoY +14% 11.9 12.3 10.9 10.2 11.0 20.1% 19.0% 18.6% 19.1% 17.6% 4Q17 1Q18 2Q18 3Q18 4Q18 12 Delta Confidential
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 -1% YoY +2% 5.8 5.9 5.9 3.5 2.8 9.4% 9.2% 9.4% 5.5% 6.1% 4Q17 1Q18 2Q18 3Q18 4Q18 13 Delta Confidential
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 4Q17 3Q18 4Q18 電源及零組件 3,785 4,135 3,721 Power Electronics 自動化 1,443 838 855 Automation 基礎設施 1,864 2,192 2,589 Infrastructure 14 Delta Confidential
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 -1% YoY +115% 1.4 1.4 1.0 0.9 0.6 1.9% 2.2% 2.1% 1.6% 1.0% 4Q17 1Q18 2Q18 3Q18 4Q18 15 Delta Confidential
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 4Q17 3Q18 4Q18 採權益法之投資損益 235 333 191 Investment income under equity method 利息收益淨額 62 49 120 Interest income 滙兌損益 31 205 145 FX income 其他 311 799 917 Others 合計 639 1,386 1,373 Total 16 Delta Confidential
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 -1% YoY +14% 7.3 7.3 6.4 3.8 4.4 11.6% 11.3% 10.5% 7.4% 7.6% 4Q17 1Q18 2Q18 3Q18 4Q18 17 Delta Confidential
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 QoQ Unit: NT$ billion & % of sales -2% YoY +9% 9.3 10.4 10.1 6.6 7.4 15.2% 16.3% 15.7% 13.0% 12.8% 4Q17 1Q18 2Q18 3Q18 4Q18 18 Delta Confidential
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 4Q17 3Q18 4Q18 稅前淨利 6,427 7,355 7,295 Profit before income tax 所得稅 (1,521) (1,125) (1,172) Income tax 非控制權益 (143) (140) (79) Non-controlling interest 稅後淨利 4,763 6,090 6,044 Net profit after tax 19 Delta Confidential
Slide 20: Net Profits after Taxes
稅後淨利 Net Profits after Taxes 單位：新台幣十億元及營收百分比 Unit: NT$ billion & % of sales QoQ -1% YoY +27% 6.0 6.0 4.8 2.8 3.3 9.6% 9.4% 7.8% 5.5% 5.7% 4Q17 1Q18 2Q18 3Q18 4Q18 20 Delta Confidential
Slide 21: EPS (unit: NT$)
每股淨利(新台幣元) EPS (unit: NT$) 2.35 2.32 1.84 1.26 1.07 4Q17 1Q18 2Q18 3Q18 4Q18 *每股盈餘之設算基於在外流通股數25.98億股。 *EPS based on shares outstanding of 2,598 million. 21 Delta Confidential
Slide 22: 2018 Full-year Results
2018年結算數字 2018 Full-year Results 22 Delta Confidential
Slide 23: Sales Revenue
合併營收 Sales Revenue 單位：新台幣十億元 Unit: NT$ billion +6% 223.6 237.0 2017 2018 23 Delta Confidential
Slide 24: Sales Revenue by Business
業務分類 Sales Revenue by Business 2017 2018 電源及零組件 電源及零組件 Power Power Electronics Electronics 53% 50% 自動化 自動化 Automation Automation 16% 其他 14% 其他 Others 基礎設施 基礎設施 Others 1% Infrastructure Infrastructure 1% 32% 33% 24 Delta Confidential
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 2017 2018 Changes 電源及零組件 118,193 118,918 +1% Power Electronics 自動化 33,109 37,554 +13% Automation 基礎設施 70,728 79,040 +12% Infrastructure 25 Delta Confidential
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 60.8 +5% 63.6 27.2% 26.8% 2017 2018 26 Delta Confidential
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 +15% 19.3 16.7 8.1% 7.5% 2017 2018 27 Delta Confidential
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 +8% 24.3 26.1 10.9% 11.0% 2017 2018 28 Delta Confidential
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 +11% 45.4 41.0 18.3% 19.2% 2017 2018 29 Delta Confidential
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 19.8 -8% 18.2 8.8% 7.7% 2017 2018 30 Delta Confidential
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 2017 2018 電源及零組件 13,376 11,342 Power Electronics 自動化 5,450 4,378 Automation 基礎設施 5,551 7,050 Infrastructure 31 Delta Confidential
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% 4.6 4.0 1.8% 2.0% 2017 2018 32 Delta Confidential
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 2017 2018 採權益法之投資損益 715 944 Investment income under equity method 利息收益淨額 253 305 Interest income 滙兌損益 230 413 FX income 其他 2,826 2,972 Others 合計 4,024 4,634 Total 33 Delta Confidential
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 23.8 -4% 22.8 10.6% 9.6% 2017 2018 34 Delta Confidential
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 +0% 34.5 15.4% 14.6% 2017 2018 35 Delta Confidential
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 2017 2018 稅前淨利 23,798 22,801 Profit before income tax 所得稅 (5,041) (4,152) Income tax 非控制權益 (376) (456) Non-controlling interest 稅後淨利 18,381 18,193 Net profit after tax 36 Delta Confidential
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 18.4 -1% 18.2 8.2% 7.7% 2017 2018 37 Delta Confidential
Slide 38: EPS (unit: NT$)
每股淨利(新台幣元) EPS (unit: NT$) 7.08 7.00 2017 2018 *每股盈餘之設算基於在外流通股數25.98億股。 *EPS based on shares outstanding of 2,598 million. 38 Delta Confidential
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元 Cash dividend per share: NT$5 39 Delta Confidential
Slide 40: Smarter. Greener. Together.
Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com