2014 2H

Y2014 1H Financial Results
By Eric Chen
July, 2014
Y2014 1H Financial Results
Consolidate
NT$M
Net Sales
Goss Margin%
Operating Expense
Operating Margin%
Non-Operating Income
Effective Tax Rate
Net Margin AT
EPS - (NT$)
Y2013
Y2014
1H
2H
14,438
16,222
1Q
2Q
8,147
9,278
QoQ
1H
17,425
YoY
14%
21%
-1.2%
-0.6%
10%
14%
41.3%
40.8%
41.5%
40.3%
40.7%
3,701
4,217
2,014
2,206
4,219
15.7%
14.8%
16.8%
16.3%
16.5%
-0.5%
0.8%
229
271
69
-23
46
-133%
-80%
19.9%
20.3%
19.4%
18.8%
19.1%
-0.6%
-0.8%
1,993
2,134
1,156
1,209
2,365
5%
19%
3.50
3.76
2.02
2.10
4.12
4%
18%
Y2014 1H Sales By Region/Sales Force
Local Sales: US 572M, +19%
USD$ M
Y2013 1H
North America
%
159
+6%
28%
70
90
+28%
16%
Greater China
141
165
+17%
29%
Asia/Intercon.
69
76
+10%
13%
E2E Sales
32
46
+44%
8%
18
481
36
572
+100%
19%
6%
100%
Affiliates & Others
Total
Affiliates
6%
Europe
North
America
28%
AEU:
Asia/Intercon
68.1M GR%: +32%
ADLoG: 16.4M GR%:
AGPEG
Asia
Intercon.
13%
+9%
5.1M GR%: +46%
Greater China
China:
Greater
China
29%
GR%
150
Europe
DMS/E2E
8%
Y2014 1H
126.6M
GR%: +21%
Taiwan: 34.9M GR%: +4%
Europe
16%
AiS:
3.3M GR%
+26%
Japan:
Korea:
AAU/NZ:
SAP:
Intercon:
LATAM
10.8M
21.6M
5.3M
10.1M
18.9M
8.8M
GR%:
GR%:
GR%:
GR%:
GR%:
GR%:
+32%
+2%
-12%
+14%
+20%
-2%
Affiliates & Others
Advansus:
Netstar:
CAPS
Others
15.2M
GR%: +13%
4.7M
GR%:
+9%
4.5M
11.6M
GR%:
+8%
Y2014 1H Sales By Strategic Biz Group
Local Sales: US 572M, GR:+19%
Intelligent System
Intelligent Services
US 160.1M
28%,+13%
US 106.2M
19%,+15%
Advantech Global
Services
Embedded
US 160.8M
28%,+24%
% of Sales, YoY Growth
US 61.4M
11%,+6%
iAutomation
US 83.3M
14%, +7%
Y2014 1H Working Capital
Consolidate
NT$ M
2012
Full
2013
1Q End
2014
2Q End
1Q End
2Q End
Cash Position
5,022
5,914
6,574
5,649
6,419
Accounts Receivable
4,281
4,555
5,074
5,959
6,257
55
60
60
65
63
3,890
4,156
3,783
4,511
4,588
83
94
82
85
76
2,327
2,836
2,653
3,106
2,622
49
63
49
59
42
DSO (Days)
Inventory
DOH (Days)
Accounts Payable
Days