Advantech — Interim / Quarterly Report 2016

Sep 2, 2016

研華公司 2016 1H 營運成果與財務報告

2016 年 8 月 1 日 財務暨資訊副總經理 陳清熙 eric.chen@advantech.com.tw

Safe Harbor Notice

• This presentation contains forward-looking statements and is subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements.
• The projections should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.

Y2016 1H Financial Results

	Y2015		Y2016
NT\$M	1H	2H	1Q	2Q	1H	QoQ	YoY
營業收入淨額	18,812	19,189	10,073	10,713	20,786
年增率%	8%	5%	15%	7%	10%	6%	10%
毛利率%	40.2%	40.5%	41.1%	40.2%	40.6%	-0.9%	0.4%
營業費用	4,588	4,828	2,654	2,630	5,284	-1%	15%
營業利益率%	15.9%	15.4%	14.7%	15.6%	15.2%	0.9%	-0.7%
營業外收益	122	240	152	149	302	-2%	147%
有效稅率	18.2%	18.7%	19.4%	19.7%	19.6%	0.3%	1.4%
稅後純益	2,539	2,588	1,318	1,462	2,780	11%	9%
每股盈餘 (NT\$)	4.01	4.07	2.08	2.31	4.39	11%	9%

合併營收

Y2016 1H Sales By Region/Sales Force

Local Sales: US 628M, +4%

USD\$M	Y15 1H	Y16 1H	GR%	$\mathbf{v}_{\alpha}$
North America	182	200	$+10%$	32%
Europe	93	100	$+7%$	16%
Greater China	183	189	$+4%$	30%
Asia/Intercon.	80	78	$-2%$	12%
DMS/E2E	42	33	$-20%$	5%
Affiliates	26	28	$+6%$	5%
Total	606	628	4%	100%

					North	America	Asia/Intercon
	DMS/E2E	Affiliates 8%	North	ANA:	145.9M	GR%: -4%	Japan:	15.4M	GR%:	+20%
	5%		America				Korea:	20.2M	GR%:	-5%
			28%	B+B:	24.8M		AAU/NZ:	5.9M	GR%:	-8%
Asia					Europe		SAP:	11.2M	GR%:	-1%
Intercon.							Intercon:	19.4M	GR%:	-5%
12%				AEU:	82.7M GR%:	+7%	LATAM	5.5M	GR%:	-24%
				ADLoG:	17.6M	GR%: +11%
			Greater	China	Affiliates/M&A
	Greater			China:	145.9M	GR%: +2%	Advanixs:	10.6M	GR%:	-4%
	China		Europe 16%				ALNC:	7.3M	GR%:	+7%
30%				Taiwan: 41.6M		GR%: +13%	A-Cermate:	4.4M	GR%:	-7%

Y2016 1H Sales By Strategic Product Group

Networks & Communications •Blade Computing & Systems •Network Appliances •Network Virtualization Platforms •Network & Embedded Switches •Broadcasting & Surveillance Platforms

Embedded Design-In

Embedded Core Computing +5% -4% -7%

•Embedded Box Computer •Modular Computing Boards US 301.8M

•Wireless IoT Modules •Display Systems & Gaming Solutions 48%, -2%

•Industrial Motherboard & DTOS •Embedded Peripherals

US 73.0M

12%,+6%

Local Sales: US 628M, +4%

Applied Computing •Medical Computing •Embedded Systems •Portable Computing •Service Automation DTOS

% of Sales, YoY Growth

Industrial Automation +4%
•Industrial I/O & Controllers
US 207.1M •Industrial HMI
•Automation Computing
33%, +14% •IoT Devices & Solutions
•WebAccess+ Solutions
•iFactory (Industry 4.0) Solutions
•Machine Automation Solutions
•Power & Energy Solutions

Intelligent Systems •Industrial Computers •Industrial Servers & Storage •Intelligent Video Solutions •Intelligent IoT Modules •Transportation Solutions iConnectivity •Intelligent Hospital -1% +189%

•Industrial Communications •Industrial Switches

Smart City Solutions

Service Automation Platforms

•Industrial Mobile Computing •iRetail Platforms •Medical Computing & Tablets •In-Vehicle Computing US 46.4M 7%, +0%

•Digital Logistics & Fleet Management •Intelligent Retail & Hospitality Intelligent Service Solutions

Y2016 1H 營運資金狀況

合併營收

	2014		2015		2016
NT\$ M	全年	1季末	2季末	1季末	2季末
約當現金	5,648	6,778	7,564	6,008	6,562
應收帳款	5,952	5,535	6,557	6,321	7,230
DSO (Days)	59	58	63	57	63
存貨	4,782	4,880	4,680	5,232	4,991
DOH (Days)	78	87	71	79	70
應付帳款	3,397	3,107	3,536	3,512	3,540
Days	56	56	53	53	50