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AUO Interim / Quarterly Report 2024
52062_rns_2025-02-13_ac2bdcb8-714a-4544-a8bd-c816374266bd.pdf
Interim / Quarterly Report
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AUO Corporation 4Q24 Results
February 13, 2025
Safe Harbor Notice
- The statements included in this presentation that are not historical in nature are "forward-looking" $\bullet$ statements". These forward-looking statements, which may include statements regarding AUO Corporation's future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AUO Corporation's current expectations.
- Actual results may differ materially from those expressed or implied in these forward-looking $\bullet$ 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.
- Our forward-looking statements at any particular time does not create any duty of disclosure $\bullet$ beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
| 4Q24 | 3Q24 | QoQ | 4Q23 | YoY | |
|---|---|---|---|---|---|
| 銷貨淨額 | 68,692 | 77,748 | (11.6%) | 63,346 | 8.4% |
| 營業毛利(損) | 5,446 7.9% |
8,454 10.9% |
(35.6%) | 2,134 3.4% |
155.2% |
| 營業費用 | 8,768 12.8% |
8,764 11.3% |
0.1% | 7,202 11.4% |
21.8% |
| 營業淨利(損) | (3,323) (4.8%) |
(310) (0.4% |
(972.4%) | (5,068) $(8.0\%)$ |
34.4% |
| 本期淨利 歸屬於母公司業主 |
1,619 | (926) | (1,510) | ||
| 營業淨利 + 折舊攤銷 | 4,715 6.9% |
8,239 10.6% |
(42.8%) | 3,426 5.4% |
37.6% |
© AUO Corporation Proprietary
a) 計算基本每股盈餘之當年度加權平均流通在外股數,113年及112年分別為7,668百萬股及7,666百萬股。
© AUO Corporation Proprietary
| 4Q24 | 3Q24 | ଡିଡ | 4Q23 | |
|---|---|---|---|---|
| 現金及約當現金 | 68,447 | 63,284 | 8.2% | 83,969 |
| 存貨 | 33,811 | 33,521 | 0.9% | 29,003 |
| 短期借款 (a) | 16,304 | 9,683 | 68.4% | 10,325 |
| 長期借款 | 102,021 | 106,010 | (3.8%) | 101,525 |
| 權益總額 | 159,773 | 156,955 | 1.8% | 165,358 |
| 資產總額 | 392,869 | 390,980 | 0.5% | 383,471 |
| 存貨週轉天數 (b) | 49 | 44 | 44 | |
| 淨負債淨值比率 (c) | 31.2% | 33.4% | 16.9% |
a) 短期借款係指一年內到期之附息借款。
b) 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。
c) (短期借款+長期借款-現金及約當現金)/權益總額。
| 4Q24 | 3Q24 | ଡିଡ | |
|---|---|---|---|
| 營業活動之現金流入(出) | 8,784 | 9,431 | (647) |
| 稅前淨利(損) | 3,019 | (595) | 3.614 |
| 折舊及攤銷 | 8,038 | 8,549 | (510) |
| 營運資金變動 | 2,970 | 906 | 2.064 |
| 投資活動之現金流入(出) | (6,023) | (3,781) | (2, 242) |
| 資本支出 | (7,288) | (5,694) | (1,594) |
| 籌資活動之現金流入(出) | 2,631 | (14, 687) | 17,318 |
| 銀行借款淨變動 | 2,813 | (7, 117) | 9,930 |
| 資本公積配發現金 | (6,901) | 6,901 | |
| 現金及約當現金增加(減少)數(a) | 5,162 | (8,677) | 13,839 |
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。
- Mobility Solution 智慧移動: 主要提供智慧座艙與移動服務解決方案
- Vertical Solution 垂直場域: 主要提供智慧零售、智慧醫療、智慧教育暨企業、智慧服務、其他工商顯示應用及能源事業等垂直 場域解決方案
- Display 顯示技術: 主要包含用於電視、桌上型顯示器及筆記型電腦之顯示面板產品及LED顯屏
- Others 其他: 主要包含達渾精密
1Q2025 Business Outlook
Based on our current business outlook, the Company expects:
Mobility Solution
- Down high-single % QoQ ➤
- Vertical Solution
- Up low- to mid-teens % QoQ $\blacktriangleright$
Display
Slight decline QoQ $\blacktriangleright$
- The above is our current best forecast based on current business outlook and may vary depending on the actual end market conditions.
AUO Strategy and Outlook
AUO 3 Pillars Business
Maximizing Display Technology Value and Transforming to a Solution Provider
AUO
Vertical Solution Mobility Solution Display AMSC $ADP + N$
Green Technology Applied to Empower Sustainability Goal
ESG Rating Achievements in 2024
Member of DJSI
ESG rating A S&P Global Sustainability MSCI SUSTAINALYTICS ESG RATINGS Yearbook 2025 a Morningstar company CCC B BB BBB AA AAA Top $5%$ Ranked among CDP Top 5% in Climate change ASAP Global 2020 S&P Global Water security TWSF AUO Corporation Electronic Equipment, Instruments & Components Leadership Corporate Top 5% governance evaluation Corporate Sustainability Assessment (CSA) 2024 Score Climate ACDP 88/100 Storedom rentance and consumer and contained and the set of the main structure and contained and the set of the set of the set of the set of the set of the set of the set of the set of the set of the set of the set A List 2024 TAIWAN STOCK EXCHANGE
MSCI
AUO
Sustainalytics
Low risk
Carbon Emission & Renewable Energy
The figures for 2024 have not yet been verified.
Industry Leader: TNFD & Carbon Neutral Building
AUO's first Nature-related financial disclosures report (published in 2024)
- Established an "AUO Biodiversity Policy"
- Identify nature dependencies and impacts using Scientific methods (I FAP AR3T)
- Evaluate resource allocation to set targets and actions to mitigate risks.
- By 2030, all AUO office locations in Taiwan achieve carbon neutrality.
- AUO GRC building passed the ISO 14068-1:2023 $\bullet$ carbon neutrality management verification and achieve RE 100.
Display Business
Sustainable Cash Generation
- Industry becomes more disciplined. TV size migration and IT recovery propelling 2025 growth. $\bullet$
- AUO's strategy for Display Business
- Focus on profitability improvement
- Invest in Micro LED and premium products/technologies ۳
- Maximize cash inflow and develop new technologies/products to support the growth of $\equiv$ Mobility and Vertical Solutions.
Improving Supply & Demand
TV Size Migration Continues
AI-NB Penetration to Increase
Source: Market research and AUO estimate Note: AI NBPC refers to NBs with NPU of at least 40 TOPS Source: AUO internal study.
Note: LTPS vs Single layer OLED is based on 13.3" FHD NB panel at OPR 50% LTPS vs Tandem OLED is based on 13.5" 2.8K NB panel at OPR 50%
AUO x BHTC at CES 2025
Smart Cockpit
Micro LED Haptifold Display
Morphing Center Control
Mobility Solution
Positioned as a Growth Engine (Rev. >10% CAGR)
- Global automotive shipment reached 89mn units in 2024 (+2% YoY) and is expected to grow slightly in 2025
- Automotive display shipment will grow 3-4% CAGR
- AUO's strategy for Mobility Solution
- Offer both tier 1 and tier 2 business solutions; gain share; increase value-add and dollar content
- Maximize the synergy of AUO x BHTC
From Panel to Smart Cockpit: Increasing Value-Add
Metal / Rear Cover
System Board LCM Cover Lens Decoration
Camera Mic Privacy / DMS $Knoh$ / Button Telltale
Panel Module $(LCM)$
External Video Signal Needed for Display
- LCD Cell
- Driver IC, PCBA
- Back Light
Display-Centric HMI
FIDM with Signal Processors
- LCM & Cover Lens
- System Board
- Front/Rear Cover
- Decoration
FIDM : Fully Integrated Display Module
FIDM with Sensing Devices
- $\cdot$ FIDM
- Camera / DMS
- Telltale
- Knob / Button
DMS: Driver Monitoring System
Smart Cockpit
Cockpit Experience & Control
- HMI & User Experience
- HW/SW integration
- Cockpit Domain Controller (CDC)
AUO
Vertical Solution Reduce Volatility, Create Green Opportunities
• Higher value-add and better visibility as a Display Centric Total Solution Provider (H/W+S/W)
- Smart Retail
- Smart Healthcare
- Smart Enterprise & Education
- Industrial and Public Displays
- Green Opportunities
- Robust growth outlook for Intelligent Service
- Energy business navigating through policy and macro uncertainties
Smart Retail
Smart Healthcare
Smart E&E
www.auo.com [email protected]
友達光電股份有限公司及子公司 合併綜合損益表 民國一百一十三年第四季、第三季及民國一百一十二年第四季
(單位:百萬元新台幣(NTD),每股盈餘及在外流通股數除外)
| 113年第四季 | 113年第三季 | 112年第四季 | ||||
|---|---|---|---|---|---|---|
| NTD | $\%$ | NTD | NTD | 季成長% | 年成長% | |
| 銷貨淨額 | 68,692 | 100.0 | 77,748 | 63,346 | (11.6) | 8.4 |
| 營業成本 | 63,246 | 92.1 | 69,294 | 61,212 | (8.7) | 3.3 |
| 營業毛利(損) | 5,446 | 7.9 | 8,454 | 2,134 | (35.6) | 155.2 |
| 營業費用 | 8,768 | 12.8 | 8,764 | 7,202 | 0.1 | 21.8 |
| 營業淨利(損) | (3, 323) | (4.8) | (310) | (5,068) | (972.4) | 34.4 |
| 營業外收入及支出合計 | 6,342 | 9.2 | (285) | (292) | ||
| 稅前淨利(損) | 3,019 | 4.4 | (595) | (5,360) | ||
| 所得稅利益(費用) | (1,232) | (1.8) | (328) | 3,953 | 275.1 | |
| 本期淨利(損) | 1,787 | 2.6 | (923) | (1, 407) | ||
| 其他綜合損益 | 1,045 | 1.5 | 1,091 | (2, 286) | (4.2) | |
| 本期綜合損益總額 | 2,832 | 4.1 | 168 | (3,693) | 1,589.1 | |
| 本期淨利(損)歸屬於: 母公司業主 |
1,619 | (926) | ||||
| 非控制權益 | 168 | 2.4 0.2 |
3 | (1,510) 103 |
63.5 | |
| 本期淨利(損) | 1,787 | 2.6 | (923) | (1, 407) | 6,507.5 | |
| 本期綜合損益總額歸屬於: | ||||||
| 母公司業主 | 2,680 | 3.9 | 109 | (3, 729) | 2,367.8 | |
| 非控制權益 | 152 | 0.2 | 59 | 36 | 157.7 | 317.9 |
| 本期綜合損益總額 | 2,832 | 4.1 | 168 | (3,693) | 1,589.1 | |
| 基本每股盈餘 | 0.21 | (0.12) | (0.20) | |||
| 加權平均流動在外股數(百萬股) | 7,668 | 7,668 | 7,668 |
© AUO Corporation Proprietary
AUG
友達光電股份有限公司及子公司 合併綜合損益表 民國一百一十三年及一百一十二年一月一日至十二月三十一日
(單位:百萬元新台幣(NTD),每股盈餘及在外流通股數除外)
| 年度比較 | ||||
|---|---|---|---|---|
| 113年度 | 112年度 | |||
| NTD | $\%$ | NTD | 年成長% | |
| 銷貨淨額 | 280,245 | 100.0 | 247,964 | 13.0 |
| 營業成本 | 256,029 | 91.4 | 243,354 | 5.2 |
| 營業毛利(損) | 24,216 | 8.6 | 4,610 | 425.3 |
| 營業費用 | 32,682 | 11.7 | 26,572 | 23.0 |
| 營業淨利(損) | (8, 466) | (3.0) | (21, 962) | 61.5 |
| 營業外收入及支出合計 | 7,861 | 2.8 | 280 | 2,708.0 |
| 稅前淨利(損) | (605) | (0.2) | (21, 682) | 97.2 |
| 所得稅利益(費用) | (2,340) | (0.8) | 3,531 | |
| 本期淨利(損) | (2,944) | (1.1) | (18, 151) | 83.8 |
| 其他綜合損益 | 4,154 | 1.5 | (911) | |
| 本期綜合損益總額 | 1,210 | 0.4 | (19,062) | |
| 本期淨利(損)歸屬於: | ||||
| 母公司業主 | (3,064) | (1.1) | (18, 203) | 83.2 |
| 非控制權益 | 120 | 0.0 | 52 | 129.8 |
| 本期淨利(損) | (2,944) | (1.1) | (18, 151) | 83.8 |
| 本期綜合損益總額歸屬於: | ||||
| 母公司業主 | 929 | 0.3 | (19,044) | |
| 非控制權益 | 281 | 0.1 | (18) | |
| 本期綜合損益總額 | 1,210 | 0.4 | (19,062) | |
| 基本每股盈餘 | (0.40) | (2.37) | ||
| 加權平均流動在外股數(百萬股) | 7,668 | 7,666 |
© AUO Corporation Proprietary
AUG
友達光電股份有限公司及子公司 合併資產負債表 民國一百一十三年及一百一十二年十二月三十一日 (單位:百萬元新台幣(NTD))
| 113.12.31 | 112.12.31 | 年成長 | |||||
|---|---|---|---|---|---|---|---|
| 資產 | NTD | $\frac{0}{6}$ | NTD | $\frac{1}{2}$ | NTD | $\frac{1}{2}$ | |
| 現金及約當現金 | 68,447 | 17.4 | 83,969 | 21.9 | (15, 523) | (18.5) | |
| 應收票據及帳款淨額 | 25,946 | 6.6 | 24,043 | 6.3 | 1.903 | 7.9 | |
| 其他金融資產-流動 | 5,179 | 1.3 | 3,906 | 1.0 | 1,273 | 32.6 | |
| 存貨淨額 | 33,811 | 8.6 | 29,003 | 7.6 | 4,808 | 16.6 | |
| 其他流動資產 | 4,748 | 1.2 | 3,289 | 0.9 | 1,459 | 44.4 | |
| 流動資產合計 | 138,131 | 35.2 | 144,211 | 37.6 | (6,080) | (4.2) | |
| 長期投資 | 29,656 | 7.5 | 31,355 | 8.2 | (1,699) | (5.4) | |
| 固定資產淨額 | 166,244 | 42.3 | 171,173 | 44.6 | (4,929) | (2.9) | |
| 履行合約成本 | 9,292 | 2.4 | O | 0.0 | 9,292 | ||
| 使用權資產淨額 | 9,869 | 2.5 | 9,771 | 2.5 | 99 | 1.0 | |
| 其他非流動資產 | 39,678 | 10.1 | 26,962 | 7.0 | 12,716 | 47.2 | |
| 非流動資產合計 | 254,739 | 64.8 | 239,260 | 62.4 | 15,479 | 6.5 | |
| 資產總計 | 392,869 | 100.0 | 383,471 | 100.0 | 9,399 | 2.5 | |
| 負債 | |||||||
| 短期借款 | 3,466 | 0.9 | 263 | 0.1 | 3,203 | 1218.0 | |
| 應付票據及帳款 | 54,136 | 13.8 | 48,637 | 12.7 | 5,499 | 11.3 | |
| 一年內到期之長期負債 | 12,838 | 3.3 | 10,062 | 2.6 | 2,776 | 27.6 | |
| 金融負債-流動 | 223 | 0.1 | 11 | 0.0 | 212 | 1898.1 | |
| 應付費用及其他流動負債 | 35,077 | 8.9 | 29,467 | 7.7 | 5,611 | 19.0 | |
| 應付設備及工程款 | 3,572 | 0.9 | 6,135 | 1.6 | (2, 564) | (41.8) | |
| 流動負債合計 | 109,312 | 27.8 | 94,575 | 24.7 | 14,737 | 15.6 | |
| 長期借款 | 102,021 | 26.0 | 101,525 | 26.5 | 496 | 0.5 | |
| 其他非流動負債 | 21,764 | 5.5 | 22,013 | 5.7 | (250) | (1.1) | |
| 非流動負債合計 | 123,784 | 31.5 | 123,538 | 32.2 | 246 | 0.2 | |
| 負債總計 | 233,096 | 59.3 | 218,113 | 56.9 | 14,983 | 6.9 | |
| 權益 | |||||||
| 股本 | 76,679 | 19.5 | 76,994 | 20.1 | (315) | (0.4) | |
| 資本公積 | 48,276 | 12.3 | 54,999 | 14.3 | (6, 723) | (12.2) | |
| 保留盈餘 | 28,699 | 7.3 | 31,900 | 8.3 | (3,201) | (10.0) | |
| 其他權益 | (356) | (0.1) | (4, 485) | (1.2) | 4,129 | 92.1 | |
| 庫藏股票 | O | 0.0 | (240) | (0.1) | 240 | 100.0 | |
| 非控制權益 | 6,475 | 1.6 | 6,190 | 1.6 | 285 | 4.6 | |
| 權益總計 | 159,773 | 40.7 | 165,358 | 43.1 | (5, 585) | (3.4) | |
| 負債及權益總計 | 392,869 | 100.0 | 383,471 | 100.0 | 9,399 | 2.5 |
AUO
© AUO Corporation Proprietary
友達光電股份有限公司及子公司 合併現金流量表 民國一百一十三年及一百一十二年一月一日至十二月三十一日
(單位:百萬元新台幣(NTD))
| 113年度 | 112年度 | |
|---|---|---|
| NTD | NTD | |
| 營業活動之現金流量: | ||
| 本期稅前淨利(損) | (605) | (21, 682) |
| 折舊及攤銷 | 34,104 | 32,506 |
| 權益法認列之投資損益 | (145) | 518 |
| 營運資金變動 | (3,586) | (106) |
| 其它孿動 | (6,623) | (1,242) |
| 營業活動之淨現金流入(出) | 23,146 | 9,994 |
| 投資活動之現金流量: | ||
| 取得按公允價值衡量之金融資產 | (365) | (355) |
| 處分按公允價值衡量之金融資產 | 72 | 75 |
| 取得按攤銷後成本衡量之金融資產 | (671) | (878) |
| 虑分按攤銷後成本衡量之金融資產 | 629 | 771 |
| 處分採用權益法之投資 | 4,218 | 0 |
| 取得固定資產 | (26, 924) | (26, 787) |
| 預收款項增加-處分資產 | 402 | $\Omega$ |
| 對子公司之收購 | (13,083) | (86) |
| 其它變動 | 2,633 | 3,206 |
| 投資活動之淨現金流入(出) | (33,089) | (24, 054) |
| 籌資活動之現金流量: | ||
| 短期借款增加(減少) | 3,138 | 137 |
| 長期借款增加(減少) | (2,370) | 24,990 |
| 償還可轉換公司債 | (382) | $\Omega$ |
| 租賃負債本金償還 | (766) | (606) |
| 資本公積配發現金 | (6,901) | (6, 134) |
| 其它變動 | (114) | (20) |
| 籌資活動之淨現金流入(出) | (7, 395) | 18,367 |
| 匯率影響數 | 1,815 | (949) |
| 本期現金及約當現金增加(減少)數 | (15, 523) | 3,356 |
| 期初現金及約當現金餘額 | 83,969 | 80,613 |
| 期末現金及約當現金餘額 | 68,447 | 83,969 |
© AUO Corporation Proprietary
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