Lite-on Technology Corp. · TWSE:2301
Lite-on Technology — Q3 2009 Earnings Presentation
12 slides from Lite-on Technology's earnings presentation, Oct 28, 2009
Slide 1: Lite-On Technology 3Q09 Results Presentation
Lite-On Technology 3Q09 Results Presentation October 28, 2009
Slide 2: 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 2
Slide 3: 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. 3
Slide 4: 3Q09 Results
3Q09 Results (Lite-On Tech Pro Forma ) In NT Millions 3Q09 2Q09 QoQ 3Q08(w/o DD) YoY Amount % Amount % % Amount % % Net Sales 26,545 100.0 22,678 100.0 17 30,120 100.0 -12 COGS 22,724 85.6 19,450 85.8 17 25,838 85.8 -12 Gross Profit 3,821 14.4 3,228 14.2 18 4,281 14.2 -11 Operating Expense 2,048 7.7
Slide 5: Q1~Q3 09 Results (w/o DD)
Q1~Q3 09 Results (w/o DD) NT$ mn Q1~Q3 2009 Q1~Q3 2008 YoY Amount % Amount % % NSB 68,669 100.0 80,150 100.0 -14.3 COGS 59,221 86.2 69,536 86.8 -14.8 GP 9,449 13.8 10,614 13.2 -11.0 OPEX 5,407 7.9 6,469 8.1 -16.4 OP 4,042 5.9 4,145 5.2 -2.5 OI/OE 1,038 1.5 1,231 1.5 -15.7 PBT 5,080 7.4 5,376 6.7 -5.
Slide 6: Non-Operating Items
Non-Operating Items In NT$ Millions 3Q09 YTD 09 Net Interest (41) (138) FX (2) 56 Investment Income 1,064 1,237 LOIT 321 476 Silitech 200 416 LOS 5 (84) Perlos 162 10 Other Investment Income 376 420 Others (77) (116) Total 944 1,038 6
Slide 7: Perlos 3Q09 Results
Perlos 3Q09 Results In € Millions 3Q09 2Q09 QoQ 3Q08 YoY Net Sales 123.1 104.0 18% 109.6 12% COGS 105.0 91.5 15% 88.5 19% Gross Profit 18.1 12.5 45% 21.1 -14% Opreating Expense 11.9 12.4 -3% 13.8 -14% Operating Profit 6.2 0.1 4890% 7.3 -14% OI/OE (2.2) 6.3 -- (3.6) 41% PBT 4.1 6.4 -37% 3.6 12% Tax 0
Slide 8: Highlights
Highlights Strong growth in Q3 ● Q3 sales up 17% Q/Q, attributable to new product launches, market share gain with seasonal growth, mainly in Power Supply（+18%）, Opto-LED（+16%）, HIS-PC Keyboard （+30%） and Enclosure （+19%） Well control and reduction in COGS and OPEX ● COGS % down 0.2% Q/Q, given the
Slide 9: Highlights (Cont'd)
Highlights (Cont’d) Sustainable sales momentum and margins in Q4 ● Thanks to our concentration in East China, long-lasting cost competitiveness and on-going market share gain, the sustainable sales momentum and margins is expected in Q4 Effective Cash Management ● Net Cash reached NT$9.8 billion in
Slide 10: Perlos 3Q09 Highlights
Perlos 3Q09 Highlights Continuing Improvement in Operating Performance in 3Q09 ● Sales increase by 18% Q/Q and 12% Y/Y ● Gross margin continuing to improve due to increasing utilization ● Operating expense % down 2% Q/Q and 3% Y/Y as Asian migration benefits realized ● Hence, 5% operating margin and
Slide 11: 3Q09 Balance Sheet
3Q09 Balance Sheet In NT Millions 3Q09 2Q09 3Q08 Amount % Amount % Amount % Cash & Equivalent 25,458 21% 22,771 20% 21,405 17% Accounts Receivable 24,531 20% 20,267 18% 31,550 25% Inventories 10,775 9% 9,548 9% 11,496 9% Total Assets 119,877 100% 111,752 100% 126,516 100% Short Term Debt 58 0% 53
Slide 12: Thank You!
Thank You! 5 B : gp : | ww: ww : a wy - LITE SI