2014 1H - Advantech

Advantech
2014 1H Investors Meeting
2014/02/18
Eric Chen, VP of Finance & IT
[email protected]
1
Y2013 Financial Results
Consolidate
NT$M
Y2011
Y2012
26,434
Y2013
YoY%
1Q
2Q
3Q
*4Q
*Full
27,521
6,630
7,809
7,949
8,268
30,656
15%
4%
6%
8%
13%
18%
11%
39.8%
39.5%
41.7%
40.9%
40.3%
40.3%
40.7%
1.2%
10,525
10,882
2,766
3,195
3,200
3,330
12,491
15%
Operating Expense
6,498
7,032
1,801
1,900
1,952
2,158
7,811
11%
Operating Income
4,027
3,850
965
1,295
1,248
1,172
4,680
22%
318
374
102
127
164
109
502
34%
17.8%
17.7%
18.8%
20.8%
21.5%
19.8%
20.3%
2.6%
Net sales
YOY growth
Gross Profit%
Gross Profit
Non-operating income
Effective Tax Rate
Net Profit AT
11%
3,571
3,478
867
1,126
1,108
1,027
4,129
19%
EPS(NT$)
6.44
6.22
1.52
1.98
1.95
1.81
7.26
17%
ROE
24.4
20.9
*Un-audited
22.4
Y2013 Sales By Region
USD$ M
Y2012
Y2013
GR%
274
312
+14%
30%
Europe
135
139
+3%
14%
Greater China
259
301
+16%
29%
Asia/Intercon.
135
143
+6%
14%
DMS/E2E
73
68
-7%
7%
Affiliates
44
920
62
1,025
+41%
+11%
6%
100%
DMS/E2E
7%
Affiliates
6%
Asia/Intercon.
Affiliates/Others
North
America
30%
Advansus: 30.9M GR% : +25%
Netstar:
8.5M GR% : -20%
Others:
9.5M GR%: +49%
BroadWin: 1.2M GR% : -47%
Japan:
Korea:
AAU/NZ:
SAP:
Intercon:
LATAM:
Europe
Greater
China
29%
%
North America
Total
Asia/
Intercon.
14%
Local Sales: US 1,025M, +11%
Europe
14%
GR%
GR%
GR%
GR%
GR%
GR%
: -3%
: +25%
: -4%
: +13%
: -9%
: +11%
Greater China
Europe: 107.0M GR%:
+2%
ADLoG:
+9%
31.8M GR%:
20.7M
43.4M
12.2M
19.4M
31.1M
16.5M
China:
Taiwan:
AiS:
227.1M
GR%: +15%
68.9M
GR%: +22%
5.4M
GR%: +26%
Y2013 Sales By Virtual Company
Local Sales: US 1,025M, GR:+11%
US 207.0M
20%,+13%
US 275.1M
27%,+9%
AGS
US 122.4M
12%,+7%
US 259.5M
25%,+18%
% of Sales, YoY Growth
US 161.0M
16%, +5%
Y2013 Working Capital
2011
2012
Full
Full
Cash Position
3,397
5,022
5,914
6,574
3,765
4,924
Account Receivable
3,808
4,281
4,555
5,201
5,124
5,584
53
55
60
65
59
62
3,895
3,890
4,156
3,783
3,951
4,025
90
84
94
82
77
75
1,710
2,327
2,836
2,653
2,684
2,925
46
49
63
56
52
54
NT$ M
DSO(days)
Inventory
DOH(Days)
Account Payable
Days
*Un-audited
2013
1Q end
2Q end
3Q end
*4Q end