Solomon Systech (international) Ltd. · HKEX:2878
Solomon Systech (international) — H1 2004 Earnings Presentation
15 slides from Solomon Systech (international)'s earnings presentation, Jul 27, 2004
Slide 1: Interim Results 2004 Presentation
Interim Results 2004 Presentation 27 July 2004 Hong Kong Solomon Systech (International) Limited
Slide 2: Agenda
www.solomon-systech.com AGENDA • Summary • Financial Review • Business Review • Outlook SSIL Interim 2004 27 July 2004 P. 2
Slide 3: Summary – 2004 First Half Results
www.solomon-systech.com SUMMARY – 2004 FIRST HALF RESULTS • Substantial increase in turnover and net profit • High net profit margin • Very strong cash position • Significant EPS growth • Healthy dividend payout • Gaining market share SSIL Interim 2004 27 July 2004 P. 3
Slide 4: Financial Review
www.solomon-systech.com Financial Review SSIL Interim 2004 27 July 2004 P. 4
Slide 5: Profit and Loss
www.solomon-systech.com PROFIT AND LOSS Six months ended 30 Jun YoY (US$ million) 2004 2003 Change Turnover 110.1 46.4 +137% Gross profit 39.7 19.5 +104% Gross margin (%) 36% 42% Net profit 22.9 9.6 +139% Net margin (%) 21% 21% (HK cents) Earnings per share 7.8 3.6 +117% Dividend per share 2.6 --- -
Slide 6: Turnover and Net Profit
www.solomon-systech.com TURNOVER AND NET PROFIT TURNOVER NET PROFIT US$m US$m 40 160 30 120 20 80 110.1 22.9 40 10 46.4 9.6 0 0 2002 2003 1H 2004 2002 2003 1H 2004 1H 2H SSIL Interim 2004 27 July 2004 P. 6
Slide 7: Balance Sheet
www.solomon-systech.com BALANCE SHEET As at As at 30 Jun 31 Dec (US$ million) 2004 2003 Change Total assets 190.9 81.6 +134% Total borrowings Nil Nil Net cash 125.4 37.2 +237% Per share (HK$) 0.39 0.15 Shareholders’ fund 148.7 49.9 +198% Per share (HK$) 0.46 0.21 SSIL Interim 2004 27 July 2004 P. 7
Slide 8: Business Review
www.solomon-systech.com Business Review SSIL Interim 2004 27 July 2004 P. 8
Slide 9: Display IC Product Portfolio
www.solomon-systech.com DISPLAY IC PRODUCT PORTFOLIO E-paper E-paper driver controller New Display Micro display Micro display processor Large TFT LCD-TV/monitor/ TFT-LCD notebook drivers Display Mobile Graphics Image Multimedia multimedia Controllers processor processor TFT LCD driver LTPS driver T
Slide 10: Mobile Display IC Shipment
www.solomon-systech.com MOBILE DISPLAY IC SHIPMENT Monochrome Colour STN OLED Colour OLED TFT Others* million units 80 70 • Colour 6.2 OLED 60 7.2 • TFT 20.2 50 • Others 28.8 40 30 45.9 44.6 20 28.0 10 18.0 0 2001 2002 2003 1H 2004 * Includes graphic controller, PDA and others. SSIL Interim 2004 27
Slide 11: Large and New Display IC Development
www.solomon-systech.com LARGE AND NEW DISPLAY IC DEVELOPMENT Large • For LCD monitor and TVs Display • Under internal qualification IC • Micro display: for electronic New viewfinder and head-mount device Display • E-paper: for electronic signboard IC and timepiece • Both under commercial trial SSIL
Slide 12: Outlook
www.solomon-systech.com Outlook SSIL Interim 2004 27 July 2004 P. 12
Slide 13: Outlook for the Group's Business
www.solomon-systech.com OUTLOOK FOR THE GROUP’S BUSINESS • Very strong backlog orders on hand • Key revenue drivers from mobile colour display ICs • Readily access to production capacity • Well established technology platform for next generation of display products SSIL Interim 2004 27 July 2004 P.
Slide 14: Business Strategies
www.solomon-systech.com BUSINESS STRATEGIES • Be a leading global display IC producer • Increase revenue and market share • Expand product portfolios • Invest in R&D, production capacity and infrastructure for growth SSIL Interim 2004 27 July 2004 P. 14
Slide 15: Thank You
www.solomon-systech.com Thank You Solomon Systech (International) Limited Stock code: 2878 SSIL Interim 2004 27 July 2004 P. 15
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