Delta Electronics, Inc. · TWSE:2308

Delta Electronics — Q4 2016 Earnings Presentation

40 slides from Delta Electronics's earnings presentation, Mar 10, 2017

1. Slide 1: Delta Electronics, Inc. 4Q 2016 Results Analyst Meeting

   台達電子2016年第四季財報法人說明會 Delta Electronics, Inc. 4Q 2016 Results Analyst Meeting 10 Mar 2017

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: 2016 Fourth Quarter Results

   2016年第四季結算數字 2016 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 +0% Unit: NT$ billion YoY +3% 55.6 57.1 57.0 52.7 47.6 4Q15 1Q16 2Q16 3Q16 4Q16 4 Delta Confidential

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

   業務分類 (季對季) Sales Revenue by Business (QoQ) 3Q16 4Q16 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 54% 51% 能源管理 能源管理 (Energy 其他 智能綠生活 (Energy 其他 智能綠生活 Mgmt) (Others) (Smart Mgmt) (Others) (Smart 28% 2% Green Life) 26% 1% Green Life) 18% 20% 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 3Q16 4Q16 Change 電源及零組件 (Power Electronics) 30,980 28,994 -6% 能源管理 (Energy Management) 14,886 15,697 5% 智能綠生活 (Smart Green Life) 10,397 11,518 11% 6 Delta Confidential

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

   業務分類 (年對年) Sales Revenue by Business (YoY) 4Q15 4Q16 電源及零組件 電源及零組件 (Power (Power Electronics) 53% Electronics) 51% 能源管理 其他 能源管理 (Energy (Others) 智能綠生活 (Energy 其他 智能綠生活 1% Mgmt) Mgmt) (Smart Green (Others) (Smart Life) 27% 28% 19% 1% Green Life) 20% 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 4Q15 4Q16 Change 電源及零組件 (Power Electronics) 29,201 28,994 -1% 能源管理 (Energy Management) 15,182 15,697 3% 智能綠生活 (Smart Green Life) 10,581 11,518 9% 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 -5% YoY +2% 15.2 14.8 16.4 15.5 12.8 28.1% 28.7% 27.4% 26.9% 27.3% 4Q15 1Q16 2Q16 3Q16 4Q16 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 +12% YoY +6% 4.1 3.8 3.8 4.3 3.6 7.3% 7.5% 7.3% 6.7% 7.5% 4Q15 1Q16 2Q16 3Q16 4Q16 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 -4% YoY +1% 5.8 5.7 6.2 5.9 5.4 10.5% 11.3% 10.9% 10.8% 10.3% 4Q15 1Q16 2Q16 3Q16 4Q16 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 +2% YoY +3% 9.9 9.0 9.6 10.0 10.2 17.8% 18.8% 18.2% 17.5% 17.8% 4Q15 1Q16 2Q16 3Q16 4Q16 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 -16% YoY +1% 6.4 5.4 5.3 5.2 3.9 9.6% 9.9% 11.2% 8.1% 9.4% 4Q15 1Q16 2Q16 3Q16 4Q16 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 4Q15 3Q16 4Q16 電源及零組件 (Power Electronics) 4,061 4,796 3,871 能源管理 (Energy Management) 1,556 1,630 2,060 智能綠生活 (Smart Green Life) 1,107 1,072 900 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 +53% YoY -4% 1.2 1.4 1.2 0.6 0.8 2.9% 2.2% 2.1% 1.2% 1.4% 4Q15 1Q16 2Q16 3Q16 4Q16 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 4Q15 4Q16 處分投資 (Investment disposal) 117 37 採權益法之投資損益 (Investment income under equity method) 324 258 利息收益淨額 (Interest income) 33 69 滙兌損益 (FX income) (25) 118 其他 (Others) 780 702 合計 (Total) 1,229 1,184 16 Delta Confidential

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 0% 6.6 5.8 7.2 6.6 5.2 11.0% 11.1% 12.5% 11.5% 11.8% 4Q15 1Q16 2Q16 3Q16 4Q16 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 -6% YoY +1% 8.9 9.6 9.0 7.6 8.2 16.0% 15.9% 15.5% 16.8% 15.8% 4Q15 1Q16 2Q16 3Q16 4Q16 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 4Q15 3Q16 4Q16 稅前淨利 (Profit before income tax) 6,569 7,154 6,559 所得稅 (Income tax) (1,286) (1,377) (1,489) 非控制權益 (Non-controlling interest) (125) (111) (118) 稅後淨利 (Net profit after tax) 5,158 5,666 4,952 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% 5.2 5.7 5.0 3.9 4.3 8.2% 8.2% 9.9% 9.3% 8.7% 4Q15 1Q16 2Q16 3Q16 4Q16 20 Delta Confidential

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

    每股淨利(新台幣元) EPS (unit: NT$) 2.18 1.99 1.91 1.50 1.65 4Q15 1Q16 2Q16 3Q16 4Q16 *每股盈餘之設算基於在外流通股數25.98億股，2015年數字未經會計師查核。 *EPS based on shares outstanding of 2,598 million. The figures of Y2015 have not been audited by CPA. 21 Delta Confidential

22. Slide 22: 2016 Full-year Results

    2016年結算數字 2016 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 +5% 214.4 203.5 2015 2016 23 Delta Confidential

24. Slide 24: Sales Revenue by Business

    業務分類 Sales Revenue by Business 2015 2016 電源及零組件 電源及零組件 (Power (Power Electronics) Electronics) 54% 52% 能源管理 能源管理 其他 智能綠生活 (Energy 其他 智能綠生活 (Energy (Smart Mgmt) (Smart Mgmt) (Others) (Others) 1% Green Life) 26% 1% Green Life) 28% 19% 19% 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 2015 2016 Change 電源及零組件 (Power Electronics) 109,804 111,689 2% 能源管理 (Energy Management) 53,341 59,373 11% 智能綠生活 (Smart Green Life) 38,679 40,156 4% 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 +7% 55.4 59.5 27.2% 27.8% 2015 2016 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 +7% 14.5 15.5 7.1% 7.2% 2015 2016 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 20.4 +14% 23.2 10.8% 10.0% 2015 2016 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 +11% 38.7 34.9 17.1% 18.0% 2015 2016 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 +2% 20.5 20.8 10.1% 9.7% 2015 2016 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 2015 2016 電源及零組件 (Power Electronics) 15,625 15,615 能源管理 (Energy Management) 6,325 6,961 智能綠生活 (Smart Green Life) 3,742 3,394 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 -7% 4.3 4.0 2.1% 1.9% 2015 2016 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 2015 2016 處分投資 (Investment disposal) (110) 212 採權益法之投資損益 (Investment income under equity method) 1232 927 利息收益淨額 (Interest income) 178 240 滙兌損益 (FX income) 587 164 其他 (Others) 2,389 2,421 合計 (Total) 4,276 3,964 33 Delta Confide

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 0% 24.8 24.8 12.2% 11.6% 2015 2016 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 33.6 +2% 34.3 16.5% 16.0% 2015 2016 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 2015 2016 稅前淨利(Profit before Income Tax) 24,775 24,790 所得稅(Income Tax) (4,892) (5,530) 非控制權益(Non-controlling interest) (1,168) (462) 稅後淨利(Net profit after tax) 18,715 18,798 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 18.7 0% 18.8 9.2% 8.8% 2015 2016 37 Delta Confidential

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

    每股淨利(新台幣元) EPS (unit: NT$) 7.20 7.24 2015 2016 *每股盈餘之設算基於在外流通股數25.98億股，2015年數字未經會計師查核。 *EPS based on shares outstanding of 2,598 million. The figures of Y2015 have not been audited by CPA. 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

Delta Electronics — Q4 2016 Earnings Presentation on 6ix