Xintec Inc. · TPEX:3374
Xintec — Q4 2016 Earnings Presentation
14 slides from Xintec's earnings presentation, Mar 27, 2017
Slide 1: Xintec Inc. 2017 Q1 Investor Conference
誠信 創新 客戶導向 Xintec Inc. 2017 Q1 Investor Conference 2017/03/27
Slide 2: Safe Harbor Notice
Safe Harbor Notice 誠信 創新 客戶導向 Xintec’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. Except as required by law, we undertake no obl
Slide 3: Financial Status Update
誠信 創新 客戶導向 FINANCIAL STATUS UPDATE 3
Slide 4: Comprehensive Income Statement
Comprehensive Income Statement 誠信 創新 客戶導向 Comprehensive Income Statement (NT$M) 4Q'16 3Q'16 4Q'15 QoQ YoY Net Revenue 807 1,044 1,026 -22.8% -21.4% Gross Margin -192 -46 48 -314.4% -502.8% Gross Margin (%) -23.8% -4.4% 4.7% -19.4ppt -28.5ppt Operating Expense -112 -121 -118 +7.4% +4.6% Other Operati
Slide 5: Revenue Analysis on 4Q'16
Revenue Analysis on 4Q’16 誠信 創新 客戶導向 5
Slide 6: Balance Sheet & Financial Indices
Balance Sheet & Financial Indices 誠信 創新 客戶導向 Balance Sheet 4Q'16 3Q'16 4Q'15 (NT$M) Amt % Amt % Amt % Cash & marketable securities 1,209 14.3% 742 9.3% 824 9.7% Accounts receivable 551 6.5% 625 7.8% 585 6.9% Inventories 171 2.0% 200 2.5% 240 2.8% Property, plant and equipment 6,129 72.7% 6,086 76.1%
Slide 7: Cash Flow Statement
Cash Flow Statement 誠信 創新 客戶導向 Cash Flow Statement 4Q'16 3Q'16 4Q'15 (NT$M) Amt Amt Amt Cash Balance-Beginning 742 803 852 Cash inflow from operating 97 210 311 Capital expenditure -175 -244 -411 Disposal of property, plant and equipment 0 0 22 Cash Dividend 0 -134 0 Term Loans 553 113 63 Cash Balan
Slide 8: 2016 Operating Result
2016 Operating Result 誠信 創新 客戶導向 (NT$M) 2016 2015 YoY Net Revenue 3,921 4,878 -19.6% Gross Margin (299) 691 -143.2% Gross Margin (%) -7.6% 14.2% -21.8ppt Operating Margin -18.2% 4.8% -23.0ppt Net Income (637) 147 -533.8% EPS (NT$) -2.36 0.56 -522.2% Cash inflow from operating 467 1,666 -71.9% Deprec
Slide 9: 2016 & 2015 Revenue & GP (CSP vs PPI)
2016 & 2015 Revenue & GP (CSP vs PPI) 誠信 創新 客戶導向 (NT$M) CSP PPI 4,000 2,907 3,000 2,354 1,946 2,000 1,544 1,000 0 2015 2016 GP(%) -1.1% 36.5% -31.6% 28.1% ＊Due to under expectation on 12 inch CSP caused overall CSP GP(%) reducing 18.7ppt in 2015 and 31.0ppt in 2016 respectively. 9
Slide 10: 2016 & 2015 CapEx (CSP vs PPI)
2016 & 2015 CapEx (CSP vs PPI) 誠信 創新 客戶導向 Y2015: NT$1,332M Y2016: NT$876M Others Others 5% 8" PPI 2% 8" PPI 1% 2% 8" CSP 8" CSP 23% 28% 12"CSP 12" CSP 70% 69% 10
Slide 11: Business Status Update
誠信 創新 客戶導向 BUSINESS STATUS UPDATE 11
Slide 12: 2016 Summary
2016 Summary 誠信 創新 客戶導向 Market Trend: CIS CSP demand and price decline due to market shift from low to high resolution requirement. The ASP becomes very competitive and bloody. CSP growth is from the blooming of Automotive and Security application. PPI demand declines due to many packaging options a
Slide 13: Forward Looking
Forward Looking 誠信 創新 客戶導向 Focus on booming Automotive, Surveillance and Medical application; the price remains relatively stable in these niche products Speed 12” CSP ramping schedule after Automotive qualification pass Develop advanced and tailor made CSP technology for Android finger print applic
Slide 14: Thank You
誠信 創新 客戶導向 Thank You http://www.xintec.com.tw invest@xintec.com.tw 14