2013 1H

Advantech 2012
Financial Results
2013,02,27
By Eric Chen, AVP of Finance & IT
[email protected]
1
Y2012 Financial Overview
Consolidate
Y2012
NT$M
Net Sales
Y2010
23,031
Y2011
26,434
YoY
1Q
2Q
3Q
*4Q
6,267
7,243
7,060
6,981
*Year
27,552
4%
50%
15%
-4%
4%
6%
11%
4%
Gross Profit %
40.0%
39.8%
39.8%
40.0%
39.7%
39.2%
39.7%
-0.1%
Gross Profit
9,212
10,525
2,495
2,898
2,802
2,736
10,931
4%
Operating Expense
5,741
6,498
1,674
1,749
1,820
1,825
7,069
9%
Operating Income
3,472
4,027
821
1,149
982
911
3,862
-4%
185
318
78
26
146
117
367
15%
16.1%
17.8%
17.6%
-0.2%
YoY Growth%
Non-Operating Income
Effective Tax Rate
Net Profit AT
16.5%
16.8%
18.0%
19.1%
3,067
3,571
750
977
926
832
3,485
-2%
EPS(NT$)
6.06
6.44
1.35
1.75
1.65
1.48
6.22
-3%
ROE
22.9
24.4
*un-audited
20.9
Y2012 Sales By Region/Sales Force
Local Sales: US 921M, +2%
USD$ M
Y2011
Y2012
GR%
%
North America
232
274
+18%
30%
Europe/A-DLoG
152
136
-10%
15%
Greater China
251
253
+1%
27%
Asia/Intercon.
121
135
+12%
15%
DMS/E2E
100
79
-21%
8%
Affiliates/Others
43
900
44
921
+0%
+2%
5%
100%
Total
DMS/E2E
8%, -21%
Affiliates
5%, +0%
North America
30%, +18%
Asia/Intercon.
15%, +12%
Greater China
27%, +1%
% of Sales, YoY Growth
Europe/A-DLoG
15%, -10%
Y2012 Sales By Product - 1/2
Local Sales: US 921M, GR:+2%
Services Automation
US 82.0M
9%,-4%
Embedded System
50%
US 129.5M
14%,+5%
US 462M,-1%
Automation
US 136.6M
15%,-6%
Global Services
US 114.3M
12%,+0%
% of Sales, YoY Growth
Y2012 Sales By Product - 2/2
Local Sales: US 921M, GR:+2%
NC-DMS
50%
US 121.5M
13%,-5%
AC-DMS
US 458M,+6%
US 122.7M
13%,-1%
Embedded Core
US 214.7M
23%,+20%
% of Sales, YoY Growth
Y2012 Working Capital
NT M
2010
2011
Year
Year
2012
1Q End
2Q End
3Q End
*4Q End
Cash Position
2,288
3,397
4,596
5,718
3,491
5,022
Accounts Receivable
3,338
3,808
4,164
4,863
4,883
4,274
47
53
59
65
61
55
3,531
3,895
3,850
3,998
4,459
3,919
83
90
92
89
95
83
1,759
1,710
2,353
2,873
2,828
2,312
41
46
56
64
59
49
DSO(Days)
Inventory
DHO(Days)
Accounts Payable
Days
*un-audited
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