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AUO — Interim / Quarterly Report 2017
May 22, 2017
52062_rns_2017-05-22_45c5b712-3ead-421c-aac1-488e765e751b.pdf
Interim / Quarterly Report
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AU Optronics Corp. First Quarter 2017 Results Investor Conference 友達光電 2017 年第一季法人說明會
Apr. 27, 2017
Safe Harbor Notice
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The statements included in this presentation that are not historical in nature are “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’ current expectations.
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Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates.
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Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations applicable under IFRS may not be timely endorsed by the FSC.
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Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise.
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© 2017 AU Optronics Corporation – Proprietary and Confidential
合併綜合損益表摘要
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單位 : 新台幣百萬元
| 銷貨淨額 營業成本 營業毛利 營業費用 營業淨利(損) 營業外收入及支出合計 稅前淨利(損) 本期淨利(損) 歸屬於母公司業主之本期淨利(損) 基本每股盈餘(NT$)(a) |
88,557 100.0% (71,124) (80.3%) 17,433 19.7% (5,415) (6.1%) 12,017 13.6% (68) (0.1%) 11,950 13.5% 9,435 10.7% 9,479 10.7% 0.98 106年第一季 |
91,846 100.0% (74,616) (81.2%) 17,229 18.8% (5,669) (6.2%) 11,560 12.6% (269) (0.3%) 11,291 12.3% 8,375 9.1% 8,971 9.8% 0.93 105年第四季 |
季成長 % (3.6%) (4.7%) 1.2% (4.5%) 4.0% (74.8%) 5.8% 12.7% 5.7% 5.4% |
|---|---|---|---|
| 營業淨利+折舊攤銷 | 22,028 24.9% |
21,839 23.8% |
0.9% 4,814 6.8% |
| 顯示器事業單位: 銷貨淨額 營業淨利(損) 營業淨利+折舊攤銷 |
83,448 100.0% 12,387 14.8% 21,974 26.3% |
86,673 100.0% 12,235 14.1% 22,070 25.5% |
(3.7%) 63,583 100.0% 1.2% (5,245) (8.2%) (0.4%) 4,201 6.6% |
| 出貨量 (百萬片)(b) 大尺寸面板 中小尺寸面板 |
27.2 36.4 |
28.3 35.7 |
(3.8%) 24.4 1.9% 37.8 |
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(a) 計算基本每股盈餘之加權平均流通在外股數，106年第一季為當季之加權平均流通在外股數(9,624百萬股)，105年第四季及第一季 皆為105年度之加權平均流通在外股數(9,624百萬股)。
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(b) 大尺寸面板係指10吋(含)以上的面板。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
合併資產負債表摘要
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單位 : 新台幣百萬元
| 現金及短期投資(a) 存貨 短期借款(b) 長期借款 權益總額 資產總額 |
106.03.31 85,484 25,645 18,892 104,547 205,650 425,305 |
105.12.31 80,191 27,679 18,601 106,188 199,635 429,769 |
季成長 % 6.6% (7.3%) 1.6% (1.5%) 3.0% (1.0%) |
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|---|---|---|---|---|
| 存貨週轉天數(c) 淨負債淨值比率(d) |
34 18.5% |
33 22.3% |
41 17.6% |
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(a) 現金及短期投資不含取得日起三個月以上到期之定存(106年第一季為新台幣0元、105年第四季為新台幣0元、 105年第一季為新台幣0元)。
(b) 短期借款係指一年內到期之附息借款。
(c) 推算全年之營業成本除以當季平均存貨，再以365天除算而得。 (d) (短期借款+長期借款-現金及短期投資) / 權益總額。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
合併現金流量表摘要
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單位 : 新台幣百萬元
| 106年第一季 營業活動之現金流入(出) 17,285 稅前淨利 11,950 折舊及攤銷 10,010 營運資金變動 (4,109) 投資活動之現金流入(出) (9,540) 資本支出 (9,953) 籌資活動之現金流入(出) (75) 銀行借款淨變動 (53) 現金及約當現金增加(減少)數(a) 5,292 |
105年第四季 17,910 11,291 10,278 (1,957) (8,178) (8,337) (1,384) (3,107) 6,138 |
季成長 (625) 658 (268) (2,152) (1,362) (1,615) 1,309 3,055 (845) |
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(a) 現金及約當現金增加(減少)數包含營業活動、投資活動、籌資活動之現金流入(出) ，以及匯率影響數。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
顯示器營收－以產品應用別區分
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100%
80%
44%
46% 46% 48% 48%
TV
60% Monitor
Mobile PC
16%
14% 15%
15%
16%
40%
Mobile Device
17% 17%
17%
17% 17% Commercial
and Others
20% 5% 4% 5%
5%
5%
18% 19% 17% 15% 14%
0%
1Q16 2Q16 3Q16 4Q16 1Q17
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－ Mobile PC : 包含筆記型電腦及平板電腦。
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－ Mobile Device : 包含手機及相關產品。
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－ Commercial and Others : 包含車用、工業電腦、自動櫃員機、銷售時點情報系統、大型遊戲機台等產品。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
顯示器營收－以產品尺寸別區分
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100%
28% 30% 28% 27% 29%
80%
>=50"
13%
15% 17%
13% 16%
60% 39"<=size<50"
16% 20"<=size<39"
15% 15%
16%
16%
10"<=size<20"
40%
size<10"
26%
26% 26%
25% 24%
20%
17% 16% 16% 15% 15%
0%
1Q16 2Q16 3Q16 4Q16 1Q17
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© 2017 AU Optronics Corporation – Proprietary and Confidential
合併出貨量及平均售價 以玻璃基板米平方單位換算 ( )
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Shipments in square meter ASP per square meter
(K m [2] ) (US$)
7,000 500
$421
$413
400 $372
$349
$340
3,500
6,492 6,617 6,458
6,196
5,343
300
0 200
1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17
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－ 每米平方平均售價係根據財政部關務署每季公告之匯率轉換為美金數。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
中小尺寸面板之合併出貨量及其營收 出貨量以玻璃基板米平方單位換算 ( )
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Shipments in square meter Revenues
(K m [2] ) (NT$ bn)
400
20.0
16.0
300
12.6
12.6
12.2
11.6
10.6
12.0
200
352.0
302.0 334.4 307.1 324.0 8.0
100
4.0
0 0.0
1Q16 2Q16 3Q16 4Q16 1Q17 1Q16 2Q16 3Q16 4Q16 1Q17
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- － 中小尺寸面板係指10吋以下的面板。
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© 2017 AU Optronics Corporation – Proprietary and Confidential
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www.auo.com [email protected]
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© 2017 AU Optronics Corporation – Proprietary and Confidential
友達光電股份有限公司及其子公司 合併綜合損益表 民國一百零六年第一季及民國一百零五年第一季、第四季
(單位：百萬元新台幣(NTD) 及 百萬元美金(USD)，每股盈餘及在外流通股數除外)
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| 銷貨淨額 營業成本 營業毛利 營業費用 營業淨利(損) 營業外收入及支出合計 稅前淨利(損) 所得稅費用 本期淨利(損) 其他綜合損益 本期綜合損益總額 本期淨利(損)歸屬於: 母公司業主 非控制權益 本期淨利(損) 本期綜合損益總額歸屬於: 母公司業主 非控制權益 本期綜合損益總額 基本每股盈餘 基本每單位美國存託憑證(ADS)(2) 加權平均流動在外股數(百萬股) |
與去年同期比較 | 與去年同期比較 | 年成長% 24.5 0.5 4,375.4 (1.3) －(64.0) －751.4 －122.3 －－(56.8) －－74.9 － |
與前期比較 | 與前期比較 |
|---|---|---|---|---|---|
| USD NTD 2,915 88,557 2,341 71,124 574 17,433 178 5,415 396 12,017 (2) (68) 393 11,950 (83) (2,515) 311 9,435 (114) (3,454) 197 5,981 312 9,479 (1) (45) 311 9,435 228 6,916 (31) (936) 197 5,981 0.03 0.98 0.32 9.85 9,624 106年第一季 |
105年第一季 % NTD 100.0 71,135 80.3 70,746 19.7 390 6.1 5,486 13.6 (5,097) (0.1) (188) 13.5 (5,285) (2.8) (295) 10.7 (5,580) (3.9) (1,554) 6.8 (7,134) 10.7 (5,477) (0.1) (103) 10.7 (5,580) 7.8 (6,600) (1.1) (535) 6.8 (7,134) (0.57) (5.69) 9,624 |
USD NTD 2,915 88,557 2,341 71,124 574 17,433 178 5,415 396 12,017 (2) (68) 393 11,950 (83) (2,515) 311 9,435 (114) (3,454) 197 5,981 312 9,479 (1) (45) 311 9,435 228 6,916 (31) (936) 197 5,981 0.03 0.98 0.32 9.85 9,624 106年第一季 |
105年第四季 % NTD 季成長% 100.0 91,846 (3.6) 80.3 74,616 (4.7) 19.7 17,229 1.2 6.1 5,669 (4.5) 13.6 11,560 4.0 (0.1) (269) (74.8) 13.5 11,291 5.8 (2.8) (2,916) (13.8) 10.7 8,375 12.7 (3.9) (1,066) 224.1 6.8 7,310 (18.2) 10.7 8,971 5.7 (0.1) (596) (92.5) 10.7 8,375 12.7 7.8 8,141 (15.0) (1.1) (831) 12.6 6.8 7,310 (18.2) 0.93 9.32 9,624 |
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註: (1) 新台幣數係以民國一百零六年三月三十一日匯率30.38 NTD/USD轉換為美金數。
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© 2017 AU Optronics Corporation – Proprietary and Confidential (2) 1單位美國存託憑證(ADS)等於10股普通股。
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友達光電股份有限公司及其子公司 合併資產負債表 民國一百零六年及一百零五年三月三十一日
(單位：百萬元新台幣( NTD ) 及 百萬元美金( USD ))
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| 資產 現金及約當現金 應收票據及帳款淨額 其他金融資產-流動 存貨淨額 其他流動資產 流動資產合計 長期投資 固定資產淨額 其他非流動資產 非流動資產合計 資產總計 負債 短期借款 應付帳款 一年內到期之長期負債 金融負債-流動 應付費用及其他流動負債 應付設備及工程款 流動負債合計 長期借款 金融負債-非流動 其他非流動負債 非流動負債合計 負債總計 權益 股本 資本公積 保留盈餘 其他權益 非控制權益 權益總計 負債及權益總計 |
NTD % 85,484 20.1 47,335 11.1 795 0.2 25,645 6.0 6,510 1.5 165,769 39.0 8,671 2.0 216,149 50.8 34,717 8.2 259,536 61.0 425,305 100.0 1,660 0.4 53,943 12.7 17,232 4.1 19 0.0 26,071 6.1 10,260 2.4 109,186 25.7 104,547 24.6 0 0.0 5,922 1.4 110,469 26.0 219,655 51.6 96,242 22.6 60,015 14.1 33,721 7.9 (1,784) (0.4) 17,455 4.1 205,650 48.4 425,305 100.0 106.03.31 |
NTD % NTD % 73,656 18.1 11,828 16.1 31,304 7.7 16,031 51.2 1,830 0.4 (1,035) (56.6) 31,177 7.7 (5,531) (17.7) 5,333 1.3 1,177 22.1 143,299 35.2 22,470 15.7 14,472 3.6 (5,801) (40.1) 208,157 51.1 7,992 3.8 41,560 10.2 (6,844) (16.5) 264,189 64.8 (4,653) (1.8) 407,488 100.0 17,817 4.4 1,767 0.4 (107) (6.0) 54,988 13.5 (1,045) (1.9) 36,126 8.9 (18,894) (52.3) 645 0.2 (626) (97.0) 28,023 6.9 (1,952) (7.0) 8,642 2.1 1,618 18.7 130,191 31.9 (21,005) (16.1) 70,422 17.3 34,125 48.5 10 0.0 (10) (100.0) 9,507 2.3 (3,585) (37.7) 79,940 19.6 30,530 38.2 210,131 51.6 9,524 4.5 96,242 23.6 0 0.0 60,336 14.8 (321) (0.5) 14,930 3.7 18,791 125.9 3,963 1.0 (5,747) －21,886 5.4 (4,430) (20.2) 197,358 48.4 8,293 4.2 407,488 100.0 17,817 4.4 105.03.31 年成長 |
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| USD 2,814 1,558 26 844 214 5,457 285 7,115 1,143 8,543 14,000 55 1,776 567 1 858 338 3,594 3,441 0 195 3,636 7,230 3,168 1,975 1,110 (59) 575 6,769 14,000 |
© 2017 AU Optronics Corporation – Proprietary and Confidential 註: (1) 新台幣數係以民國一百零六年三月三十一日匯率30.38 NTD/USD轉換為美金數。12 (2) 現金及約當現金不含取得日起三個月以上到期之定存。
友達光電股份有限公司及其子公司 合併現金流量表 民國一百零六年及一百零五年一月一日至三月三十一日
(單位：百萬元新台幣(NTD) 及 百萬元美金(USD))
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| 營業活動之現金流量: 本期稅前淨利(損) 折舊及攤銷 權益法認列之投資損益 營運資金變動 其它變動 營業活動之淨現金流入(出) 投資活動之現金流量: 購置固定資產 處分固定資產價款 取得採權益法之投資，及以成本衡量之金融資產 其他金融資產減少(增加) 無形資產減少(增加) 其他資產減少(增加) 投資活動之淨現金流入(出) 籌資活動之現金流量: 短期借款增加(減少) 長期借款及應付公司債增加(減少) 存入保證金增加(減少) 非控制權益變動及其他 籌資活動之淨現金流入(出) 匯率影響數 本期現金及約當現金增加(減少)數 期初現金及約當現金餘額 期末現金及約當現金餘額 |
105年度第一季 USD NTD NTD 393 11,950 (5,285) 330 10,010 9,911 (1) (17) (113) (135) (4,109) 2,845 (18) (549) (128) 569 17,285 7,230 (328) (9,953) (10,385) 14 411 9 (0) (9) (67) 1 21 (1) (1) (32) (190) 1 22 (4) (314) (9,540) (10,638) 37 1,135 173 (39) (1,187) (947) (1) (33) (8) 0 11 (610) (2) (75) (1,392) (78) (2,378) (425) 174 5,292 (5,225) 2,640 80,191 78,881 2,814 85,484 73,656 106年度第一季 |
|---|---|
| USD 393 330 (1) (135) (18) 569 (328) 14 (0) 1 (1) 1 (314) 37 (39) (1) 0 (2) (78) 174 2,640 2,814 |
© 2017 AU Optronics Corporation – Proprietary and Confidential 註: (1) 新台幣數係以民國一百零六年三月三十一日匯率30.38 NTD/USD轉換為美金數。
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