Delta Electronics, Inc. · TWSE:2308

Delta Electronics — Q4 2017 Earnings Presentation

40 slides from Delta Electronics's earnings presentation, Mar 9, 2018

1. Slide 1: Delta Electronics, Inc. 4Q 2017 Results Analyst Meeting

   台達電子2017年第四季財報法人說明會 Delta Electronics, Inc. 4Q 2017 Results Analyst Meeting 9 March 2018

2. 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

3. Slide 3: 2017 Fourth Quarter Results

   2017年第四季結算數字 2017 Fourth Quarter Results 3 Delta Confidential

4. Slide 4: Sales Revenue

   合併營收 Sales Revenue QoQ 單位：新台幣十億元 +3% Unit: NT$ billion YoY +8% 59.8 61.4 57.1 53.5 48.9 4Q16 1Q17 2Q17 3Q17 4Q17 4 Delta Confidential

5. Slide 5: Sales Revenue by Business (QoQ)

   業務分類 (季對季) Sales Revenue by Business (QoQ) 3Q17 4Q17 電源及零組件 電源及零組件 Power Power Electronics Electronics 55% 51% 自動化 自動化 Automation 其他 Automation 15% Others 基礎設施 基礎設施 14% 其他 0% Infrastructure Infrastructure Others 33% 31% 1% 5 Delta Confidential

6. 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 3Q17 4Q17 Change 電源及零組件 32,641 31,405 -4% Power Electronics 自動化 8,342 9,492 14% Automation 基礎設施 18,315 20,360 11% Infrastructure 6 Delta Confidential

7. Slide 7: Sales Revenue by Business (YoY)

   業務分類 (年對年) Sales Revenue by Business (YoY) 4Q16 4Q17 電源及零組件 電源及零組件 Power Power Electronics Electronics 55% 51% 自動化 自動化 Automation 其他 Automation 15% Others 13% 其他 0% 基礎設施 基礎設施 Others Infrastructure Infrastructure 1% 32% 33% 7 Delta Confidential

8. 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 4Q16 4Q17 Change 電源及零組件 31,147 31,405 1% Power Electronics 自動化 7,173 9,492 32% Automation 基礎設施 18,389 20,360 11% Infrastructure 8 Delta Confidential

9. 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 +2% YoY +7% 15.5 16.2 16.6 13.3 14.7 27.3% 27.2% 27.5% 27.1% 27.0% 4Q16 1Q17 2Q17 3Q17 4Q17 9 Delta Confidential

10. 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 -1% YoY +4% 4.3 4.0 4.5 4.5 3.7 7.5% 7.6% 7.5% 7.5% 7.3% 4Q16 1Q17 2Q17 3Q17 4Q17 10 Delta Confidential

11. 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 +2% YoY +8% 5.9 6.1 6.2 6.4 5.6 11.5% 11.4% 10.4% 10.3% 10.3% 4Q16 1Q17 2Q17 3Q17 4Q17 11 Delta Confidential

12. 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 +0% YoY +6% 10.2 9.3 10.1 10.7 10.9 17.8% 19.1% 18.9% 18.0% 17.6% 4Q16 1Q17 2Q17 3Q17 4Q17 12 Delta Confidential

13. 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 +6% YoY +8% 5.4 5.5 5.8 4.0 4.6 9.4% 8.1% 9.1% 9.4% 8.5% 4Q16 1Q17 2Q17 3Q17 4Q17 13 Delta Confidential

14. 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 4Q16 3Q17 4Q17 電源及零組件 4,200 4,049 3,807 Power Electronics 自動化 1,106 1,221 1,484 Automation 基礎設施 1,598 1,570 1,974 Infrastructure 14 Delta Confidential

15. 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 -58% YoY -46% 1.5 1.2 1.0 0.9 0.6 2.1% 2.0% 2.5% 1.6% 1.0% 4Q16 1Q17 2Q17 3Q17 4Q17 15 Delta Confidential

16. 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 NTD$M元 4Q16 3Q17 4Q17 處分投資 Investment disposal 37 47 95 採權益法之投資損益 Investment income under equity method 258 249 235 利息收益淨額 Interest income 69 66 62 滙兌損益 FX income 118 46 31 其他 Others 702 1,097 216 合計 Total 1,184 1,505 639 16 Delta Con

17. 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 -8% YoY -2% 6.6 7.0 6.4 5.0 5.4 11.5% 10.2% 10.2% 11.6% 10.5% 4Q16 1Q17 2Q17 3Q17 4Q17 17 Delta Confidential

18. 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 Unit: NT$ billion & % of sales QoQ -3% YoY +3% 9.0 9.6 9.3 7.3 8.1 15.8% 15.0% 15.2% 16.0% 15.2% 4Q16 1Q17 2Q17 3Q17 4Q17 18 Delta Confidential

19. 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 4Q16 3Q17 4Q17 稅前淨利 Profit before income tax 6,559 6,964 6,427 所得稅 Income tax (1,489) (1,389) (1,521) 非控制權益 Non-controlling interest (118) (109) (143) 稅後淨利 Net profit after tax 4,952 5,466 4763 19 Delta Confidential

20. Slide 20: 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 QoQ -13% YoY -4% 5.0 5.5 4.2 4.8 3.9 8.7% 8.0% 7.9% 9.1% 7.8% 4Q16 1Q17 2Q17 3Q17 4Q17 20 Delta Confidential

21. Slide 21: EPS (unit: NT$)

    每股淨利(新台幣元) EPS (unit: NT$) 2.10 1.91 1.84 1.63 1.51 4Q16 1Q17 2Q17 3Q17 4Q17 *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

22. Slide 22: 2017 Full-year Results

    2017年結算數字 2017 Full-year Results 22 Delta Confidential

23. Slide 23: Sales Revenue

    合併營收 Sales Revenue 單位：新台幣十億元 Unit: NT$ billion +4% 214.4 223.6 2016 2017 23 Delta Confidential

24. Slide 24: Sales Revenue by Business

    業務分類 Sales Revenue by Business 2016 2017 電源及零組件 電源及零組件 Power Power Electronics Electronics 55% 53% 自動化 自動化 Automation Automation 15% 13% 其他 其他 基礎設施 基礎設施 Others Others Infrastructure Infrastructure 1% 1% 31% 31% 24 Delta Confidential

25. 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 2016 2017 Change 電源及零組件 118,741 117,951 -1% Power Electronics 自動化 26,962 33,025 22% Automation 基礎設施 67,085 70,728 5% Infrastructure 25 Delta Confidential

26. 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 +2% 59.5 60.8 27.8% 27.2% 2016 2017 26 Delta Confidential

27. 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 +8% 15.5 16.7 7.2% 7.5% 2016 2017 27 Delta Confidential

28. 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 23.2 +5% 24.3 10.8% 10.9% 2016 2017 28 Delta Confidential

29. 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 +6% 38.7 41.0 18.0% 18.3% 2016 2017 29 Delta Confidential

30. 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 -5% 20.8 19.8 9.7% 8.8% 2016 2017 30 Delta Confidential

31. 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 2016 2017 電源及零組件 16,134 13,917 Power Electronics 自動化 4,622 5,474 Automation 基礎設施 5,052 5,551 Infrastructure 31 Delta Confidential

32. 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 4.0 +2% 4.0 1.8% 1.8% 2016 2017 32 Delta Confidential

33. 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 NTD$M元 2016 2017 處分投資 (Investment disposal) 212 338 採權益法之投資損益 (Investment income under equity method) 927 715 利息收益淨額 (Interest income) 240 253 滙兌損益 (FX income) 164 230 其他 (Others) 2,421 2,488 合計 (Total) 3,964 4,024 33 Delta Confidenti

34. 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 -4% 24.8 23.8 11.6% 10.6% 2016 2017 34 Delta Confidential

35. 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% 34.3 16.0% 15.4% 2016 2017 35 Delta Confidential

36. 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 2016 2017 稅前淨利(Profit before Income Tax) 24,790 23,798 所得稅(Income Tax) (5,530) (5,041) 非控制權益(Non-controlling interest) (462) (376) 稅後淨利(Net profit after tax) 18,798 18,381 36 Delta Confidential

37. 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 18.8 -2% 18.4 8.8% 8.2% 2016 2017 37 Delta Confidential

38. Slide 38: EPS (unit: NT$)

    每股淨利(新台幣元) EPS (unit: NT$) 7.24 7.08 2016 2017 *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

39. 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 5.0元 Cash dividend per share: NT$ 5.0 39 Delta Confidential

40. Slide 40: Smarter. Greener. Together.

    Smarter. Greener. Together. To learn more about Delta, please visit www.deltaww.com

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