Solomon Systech (international) Ltd. · HKEX:2878
Solomon Systech (international) — H1 2015 Earnings Presentation
21 slides from Solomon Systech (international)'s earnings presentation, Aug 18, 2015
Slide 1: 2015 Interim Results Announcement
18 August 2015 18 August Hong Kong2014 Hong Kong SSIL 2015 Interim Results Announcement 18 Aug 2015 P. 1
Slide 2: Disclaimer
Disclaimer This presentation does not constitute an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make such offer or solicitation or is unlawful without compliance with any registration, filing or
Slide 3: Agenda
Agenda Highlights Financial Review Business Review & Outlook SSIL 2015 Interim Results Announcement 18 Aug 2015 P. 3
Slide 4: Highlights
Highlights Financial Review Business Review & Outlook SSIL 2015 Interim Results Announcement 18 Aug 2015 P. 4
Slide 5: Highlights
Highlights Sales amounted to US$33.4 million Gross profit was US$12.0 million Gross margin was 35.9% Net profit was US$0.9 million Earnings per share was 0.03 US cent (0.27 HK cent) Book-to-bill ratio was 1.13 The Board resolved not to propose an interim dividend for the six months end
Slide 6: Financial Review
Highlights Financial Review Business Review & Outlook SSIL 2015 Interim Results Announcement 18 Aug 2015 P. 6
Slide 7: Financial Review - Profit and Loss
Financial Review - Profit and Loss (US$ million) 1H15 1H14 Remarks Sales 33.4 27.3 23% Gross profit 12.0 9.3 28% Gross margin 35.9% 34.3% 1.6pts Net profit/(loss) 0.9 (1.5) (HK cent) Earnings/(loss) per share 0.27 (0.46) Dividends per share Nil Nil Book-to-bill ratio 1.13 1.09 SSIL 2015 Interim Resu
Slide 8: Financial Review - Financial Remarks
Financial Review - Financial Remarks Key Factors Sales US$33.4m • Unit Shipments: up 87% YoY (1H14: US$27.3m) • Blended ASP: down 34% YoY Gross US$12.0m • Gross margin: 35.9% (1H14: 34.3%) Profit (1H14: US$9.3m) Total US$14.7m • Product R&D costs: US$8.9m (1H14: US$7.5m) Operating (1H14: US$12.9m) -
Slide 9: Financial Review - Balance Sheet
Financial Review - Balance Sheet As at 30 Jun As at 31 Dec (US$ million) 2015 2014 Change Total assets 131.1 130.1 Total borrowings 0.3 0.4 Shareholders’ funds 116.2 115.3 1% Net cash 34.0 35.3 4% (HK cents) Shareholders’ funds per share 36 36 Net cash per share 11 11 SSIL 2015 Interim Results Annou
Slide 10: Financial Review - Net Cash Analysis 2015 vs 2014
Financial Review – Net Cash Analysis 2015 vs 2014 Net Cash: Change • US$34.0m (30 Jun’15) vs $35.3m (31 Dec’14) -1.3m Major Cash Inflow US$ Major Cash Outflow US$ • Interest and +1.2m • Net Cash Used in -6.1m Dividends Received Operating Activities • Treasury Investment +4.3m • Capital Expenditure -
Slide 11: Business Review & Outlook
Highlights Financial Review Business Review & Outlook SSIL 2015 Interim Results Announcement 18 Aug 2015 P. 11
Slide 12: Product Shipments
Business Review – Product Shipments Substantial increase in total unit shipments: 82.7 million units Product Shipment Capture Fast-growing 90 Wearables Market 80 70 IC Unit Shipment (mu) 60 50 40 30 Strengthened Product Portfolio for 20 Large Display Panels 10 0 1H13 1H14 1H15 Mobile Display Mobil
Slide 13: Business Review & Outlook - Advanced Display Review
Business Review & Outlook Review Advanced Unit shipment increased substantially by 97% Display • Successfully captured high growth, high volume wearables market PMOLED display driver ICs • Capitalized strong growth wearables market • As leading supplier of top global wearable healthcare devices
Slide 14: Business Review & Outlook - Advanced Display Outlook
Business Review & Outlook Advanced Outlook Display PMOLED display driver ICs • Secure capacity for strong backlog and expected order in 2H • Develop more new products for the next generation wearable applications Bistable display driver ICs • AMEPD: Capitalize on rising customer demand and launc
Slide 15: Business Review & Outlook - Mobile Display
Business Review & Outlook Review In-Cell Touch TFT LCD display driver IC Mobile • Designed-in with leading smartphone Display manufacturer for FWVGA panels Metal Oxide TFT LCD display driver ICs • Taped out products targeting FHD smartphones and QHD tablets Unit shipment decreased by 9% Obso
Slide 16: Business Review & Outlook - Mobile System Review
Business Review & Outlook Mobile Review System Touch panel controller ICs • Out-Cell: Design-wins for leading brands’ tablets • In-Cell & On-Cell: Design-ins with leading smartphone panel manufacturers Tablets MIPI display interface controller ICs • Design-win for leading wearable wristband • De
Slide 17: Business Review & Outlook - Mobile System Outlook
Business Review & Outlook Mobile Outlook System Touch panel controller ICs • Out-Cell: • Ramp up shipment for tablet applications • Develop more solutions to capture rising wearables market • On-Cell & In-Cell: • Reach out to key smartphone brands MIPI display interface controller ICs • Ramp up
Slide 18: Business Review & Outlook - Large Display Review
Business Review & Outlook Large Review Display Unit shipment soared by 223% • More new products adopted by key product HD Monitors lines of major customer Large TFT display drivers FHD VA • Ramped up shipments of products for HD & Monitors FHD monitors and HD TVs • Started mass production of new
Slide 19: Business Review & Outlook - Large Display Outlook
Business Review & Outlook Large Outlook Display Maintain growth momentum and continue mass production Start mass production: • HD TV and FHD VA monitors Continue development of new driver ICs and SoC to capture increased production capacity of major customer: • 4K2K TVs and FHD notebooks Inc
Slide 20: Summary
Summary Achieved substantial increase in shipments and sales: Captured fast-growing wearables market 1H Summary Enhanced product portfolio captured key customer’s demand for large TFT display drivers df Ahead Looking Major applications driving semiconductor business (PCs, smartphones, tablet
Slide 21: Thank You
Thank You Solomon Systech (International) Limited Stock code: 2878 www.solomon-systech.com
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