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Aurora — Investor Presentation 2013
Feb 20, 2013
52038_rns_2013-02-20_e6890ede-83a2-4731-a861-8a56d28b4d64.pdf
Investor Presentation
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Q1 2013 Earnings Presentation Date: 2013/2/20 Ernest Ma, Spokesperson
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Safe Harbor Statement
Except for statements in respect of historical matters, the statements in this presentation are “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Aurora Corp. to be materially different from any future results implied by the forward-looking statements. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall market and economy, acceptance and demand for products, and technological and development risks.
The financial statements included were prepared and published in accordance with ROC GAAP.
The financial forecasts and forward-looking statements in this document reflect the current belief of Aurora Corp. as of the date of this document and Aurora Corp. undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date.
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4Q 2012 in Review
China profit hit record high
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Un-audited consolidated revenue decreased 4% qoq and 15% yoy to NT$2.94 billion, separately
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On pro-forma basis, excluding the revenue from Aurora Telecom for the comparable periods, un-audited consolidated revenue was flat from the year-ago quarter
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Un-audited net income grew 26% from a year ago to NT$283 million, or nearly NT$1 per share
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Thanks to Aurora’s increased brand penetration in China and its status of preferred supplier of office appliances to mainland government agencies, state and private enterprises, China contributed sales of RMB 370 million (equivalent to NT$1.71 billion), up 23% qoq and 4% yoy to represent 58% of total sales
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Net income derived from China soared 62% qoq and 108% yoy, respectively, to NT$124 million, representing 44% of total profit
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012. 3 Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Consolidated Revenue Trend
(In million NT$)
| (In million | NT$) | NT$) | NT$) | NT$) | NT$) | NT$) | NT$) | NT$) | NT$) |
|---|---|---|---|---|---|---|---|---|---|
| 3500 | |||||||||
| 2,5002,7503,0003,250, | |||||||||
| Q4'10 | Q1'11 | Q2'11 | Q3'11 | Q4'11 | Q1'12 | Q2'12 | Q3'12 | Q4'12 | |
| Total Revenue | 3,429 | 3,133 | 3,145 | 3,260 | 3,441 | 3,331 | 3,322 | 3,064 | 2,941 |
| YoY% | 19.7% | 13.6% | 3.7% | 0.7% | 0.3% | 6.3% | 5.6% | -6.0% | -14.5% |
| QoQ% | 5.9% | -8.6% | 0.4% | 3.7% | 5.5% | -3.2% | -0.3% | -7.8% | -4.0% |
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012.
Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Consolidated Revenue Trend pro-forma basis
(In million NT$)
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----- Start of picture text ----- 2,7002,6002,5002,4002,3002,2002,1002,000Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12Total Revenue 2,490 2,333 2,390 2,531 2,641 2,411 2,527 2,276 2,586YoY% 16.0% 16.2% 4.2% 8.2% 6.0% 3.3% 5.7% -10.1% -2.1%QoQ% 6.4% -6.3% 2.5% 5.9% 4.3% -8.7% 4.8% -10.0% 13.7%----- End of picture text -----
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012.
Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Sales by Region and Segment
Q4 Sales by Region
Q4 Sales by Segment
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----- Start of picture text ----- Taiwan China42%58%----- End of picture text -----
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----- Start of picture text ----- Taiwan OfficeAutomation,26%----- End of picture text -----
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----- Start of picture text ----- China OfficeAutomation,18%----- End of picture text -----
Taiwan Office Furniture, 4%
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012.
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Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Sales by Region and Segment Excluding the revenue from Aurora Telecom
Q4 Sales by Region
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----- Start of picture text ----- Taiwan China34%66%----- End of picture text -----
Q4 Sales by Segment
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----- Start of picture text ----- Taiwan OfficeAutomation29%TaiwanOffice----- End of picture text -----
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----- Start of picture text ----- Electronic9%China OfficeFurniture36%----- End of picture text -----
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012.
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Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Sales & Profit by Region
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----- Start of picture text ----- (In million NT$)Sales & Profit Q4'12 Q3'12 Q2'12 Q1'12 Q4'11Net sales 2,941 3,064 3,322 3,331 3,441Net incomeattributable to 283 305 263 239 224AuroraSales by Region Q4'12 % Q3'12 % Q2'12 % Q1'12 % Q4'11 %Taiwan 1,228 42% 1,644 54% 1,679 51% 1,779 53% 1,744 51%China 1,714 58% 1,419 46% 1,644 49% 1,552 47% 1,696 49%Profit by Region Q4'12 % Q3'12 % Q2'12 % Q1'12 % Q4'11 %Taiwan 159 56% 229 75% 169 64% 152 64% 165 73%China 124 44% 77 25% 95 36% 87 36% 60 27%----- End of picture text -----
Note1 : Aurora's 4Q 2012 revenue excluded November and December sales of Aurora Telecom, which Aurora owned but sold a majority stake to Tsann Kuen, one of Taiwan’s largest IT and consumer electronics retail chain, in October 2012. 8 Note2 : All Q4 2012 results provided herein were un-audited and therefore subject to revision. They were prepared in accordance with ROC GAAP.
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Q & A
IR Contact Ernest Ma Chief Operation Officer [email protected] http://www.aurora.com.tw/