2015 2H

Y2015 1H Financial Results
By Eric Chen
VP of finance & IT
Aug, 2015
Y2015 1H Financial Results
Consolidate
NT$M
Y2014
Y2015
QoQ
YoY
1H
2H
1Q
2Q
1H
17,425
18,307
8,785
10,027
18,812
14%
8%
Gross Margin%
40.7%
39.9%
40.9%
39.7%
40.2%
-1.2%
-0.5%
Operatiing Expense
4,219
4,665
2,240
2,348
4,588
5%
9%
Operating Margin%
16.5%
14.4%
15.4%
16.3%
15.9%
0.9%
-0.6%
Non-Operating Income
46
501
129
-7
122
-105%
165%
Effective Tax Rate
19.1%
18.0%
18.5%
18.0%
18.2%
-0.5%
-0.9%
NPAT
2,365
2,567
1,206
1,333
2,539
11%
7%
3.75
4.05
1.91
2.10
4.01
10%
7%
Net Sales
EPS (NT$)
Y2015 1H Sales By Region/Sales Force
Local Sales: US 606M, +5%
USD$ M
Y14 1H
Y15 1H
GR%
160
182
+ 14%
30%
89
93
+ 5%
15%
Greater China
165
181
+ 10%
30%
Asia/ Intercon.
75
80
+ 5%
13%
DM S/ E2E
47
35
- 25%
6%
Affiliates
40
34
- 16%
6%
577
606
+5%
100%
North America
Europe
Total
Europe
DMS/E2E
6%
Affiliates
6%
North
America
30%
Asia/Intercon
AEU:
77.6M GR%: +6%
ADLoG:
15.8M GR%:
Asia
Intercon.
13%
-1%
Japan:
Korea:
AAU/NZ:
SAP:
Intercon:
LATAM
Greater China
China:
Taiwan:
Greater
China
30%
%
Europe
15%
AiS:
141.5M
12.9M
21.3M
6.2M
11.3M
20.6M
7.3M
GR%:
GR%:
GR%:
GR%:
GR%:
GR%:
+19%
-1%
+16%
+12%
+9%
-17%
Affiliates
GR%: +13%
36.7M GR%:
-2%
3.3M GR%
+57%
Advansus:
ALNC:
APOS:
A-Cermate:
Advantofine
CAPS:
11.0M
6.9M
2.8M
4.8M
1.0M
3.4M
GR%:
GR%:
GR%
GR%:
GR%:
GR%:
-17%
-5%
-38%
-1%
-20%
-24%
Y2015 1H Sales By Strategic Product Group
Local Sales: US 606M, +5%
Embedded Design-In
Networks & Communications
+5%
Embedded Core Computing
+8%
Applied Computing
•Blade Computing & Systems
•Embedded Box Computer
•Medical Computing
•Network Appliances
•Modular Computing Boards
•Embedded Systems
•Network & Embedded Switches
US 298.7M
•Wireless IoT Modules
49%, +6%
•Display Systems & Gaming Solutions
•Broadcasting & Surveillance Platforms
•Industrial Motherboard & DTOS
•Network Virtualization Platforms
+1%
•Portable Computing
•Service Automation DTOS
•Embedded Peripherals
% of Sales, YoY Growth
US 79.6M
13%,+2%
Industrial-IoT
Industrial Automation +1%
•Industrial I/O & Controllers
•Industrial HMI
•Automation Computing
•IoT Devices & Solutions
•WebAccess+ Solutions
•iFactory (Industry 4.0) Solutions
•Machine Automation Solutions
•Power & Energy Solutions
Smart City Solutions
Intelligent Systems
+10%
•Industrial Computers
•Industrial Servers & Storage
•Intelligent Video Solutions
•Intelligent IoT Modules
•Transportation Solutions
US 181.2M
30%, +5%
iConnectivity
-2%
•Industrial Communications
•Industrial Switches
Service Automation Platforms
•Industrial Mobile Computing
•iRetail Platforms
•Medical Computing & Tablets
•In-Vehicle Computing
US 46.4M
8%, +6%
Intelligent Service Solutions
•Intelligent Hospital
•Digital Logistics & Fleet Management
•Intelligent Retail & Hospitality
Y2015 1H Working Capital
Consolidate
NT$ M
2013
Full
2014
2015
1Q End
2Q End
1Q End
2Q End
Cash Position
4,924
5,649
6,419
6,778
7,564
Accounts Receivable
5,534
5,959
6,328
5,535
6,765
62
65
65
58
65
4,231
4,511
4,588
4,880
4,680
76
85
74
87
71
3,004
3,106
3,238
3,107
3,571
56
59
52
56
53
DSO (Days)
Inventory
DOH (Days)
Accounts Payable
Days
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