Lite-On Technology Corp. · TWSE:2301
Lite-On Technology — Q4 2009 Earnings Presentation
11 slides from Lite-On Technology's earnings presentation, Mar 29, 2010
Slide 1: Lite-On Technology 4Q09 Results Presentation
Lite-On Technology 4Q09 Results Presentation March 29, 2010
Slide 2: Safe Harbor Notice
Safe Harbor Notice Lite-On Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements. 2
Slide 3: Agenda
Agenda • Financial Results Julia Wang IR/PR Director • Q&A KC Terng Lite-On Tech CEO Warren Chen Lite-On Group Deputy CEO Cor Saris LITEONMOBILE/ Perlos CEO Michael Chuang Lite-On Green Technologies President 3
Slide 4: 4Q09 Results
4Q09 Results (Lite-On Tech Pro Forma ) In NT Millions 4Q09 3Q09 QoQ 4Q08 YoY Amount % Amount % % Amount % % Net Sales 28,560 100.0 26,545 100.0 8 25,297 100.0 13 COGS 24,397 85.4 22,724 85.6 7 21,573 85.3 13 Gross Profit 4,163 14.6 3,821 14.4 9 3,723 14.7 12 Operating Expense 2,087 7.3 2,048 7.7 2 1
Slide 5: 2009 Results
2009 Results NT$ mn 2009 2008(w/o DDBU) YoY Amount % Amount % % NSB 97,230 100.0 105,447 100.0 -7.8 COGS 83,618 86.0 91,083 86.4 -8.2 GP 13,612 14.0 14,364 13.6 -5.2 OPEX 7,494 7.7 8,259 7.8 -9.3 OP 6,118 6.3 6,105 5.8 0.2 OI/OE 1,925 2.0 -782 -- -- PBT 8,042 8.3 5,324 5.0 51.1 PAT 7,052 7.3 4,692 4
Slide 6: Perlos 4Q09 Results
Perlos 4Q09 Results In € Millions 4Q09 3Q09 QoQ 4Q08 YoY Net Sales 130.0 123.1 6% 85.6 52% COGS 112.8 105.0 8% 79.2 42% Gross Profit 17.1 18.1 -6% 6.4 166% Opreating Expense 13.0 11.9 9% 14.5 -11% Operating Profit 4.1 6.2 -33% (8.1) -- OI/OE (1.7) (2.2) 23% (29.2) 94% PBT 2.4 4.1 -40% (37.3) -- Tax
Slide 7: Highlights
Highlights Sequential growth in sales and net profit in Q4 ● Q4 sales up 8% Q/Q, EPS of NT$1.16, for the best quarter of 2009 ● GPM, OPM reached 14.6% and 7.3%, up 0.2% and 0.6% Q/Q respectively, regained Q408 peak level, thanks to higher productivity, utilizations and operating leverage Solid execu
Slide 8: Highlights (cont'd)
Highlights (cont’d) Strong growth and profitability into 2010 ● Solid shipments in Q1, ahead of the market, gearing up the top- line growth into 2010 ● Well preparation for sufficient labor supply and effective supply chain management in place for further growth ● Thanks to our on-going market share
Slide 9: Perlos Highlights
Perlos Highlights Continuing recovery momentum in Q4 ● Sales increase by 6% Q/Q and 52% Y/Y ● 1.5% gross margin drop, due to increased sub-assembly business resulting from a different program mix ● 0.3% operating expense up, due to additional R&D investment and seasonally lower expense in Q3 ● Incre
Slide 10: 4Q09 Balance Sheet
4Q09 Balance Sheet Balance Sheet In NT Millions 4Q09 3Q09 4Q08 Amount % Amount % Amount % Cash & Equivalent 27,820 23% 25,458 21% 24,550 23% Accounts Receivable 24,193 20% 24,531 20% 14,208 13% Inventories 11,522 9% 10,775 9% 9,178 8% Total Assets 123,383 100% 119,877 100% 108,400 100% Short Term De
Slide 11: Thank You!
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