CHROMA - Interim / Quarterly Report 2014

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致茂電子股份有限公司

2014 年第 4 季公司概況財務長應正董事長兼總經理黃欽明 2015 年 2 月 12 日

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Disclaimer

This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “continue”, “may”, “should”, “will”, and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events, and actual results may differ materially from those expressed or implied by such statements. The forward-looking statements in this presentation include, but are not limited to, growth rates for various markets estimated by third party sources, future products and technology development, widespread market acceptance of the hosted delivery model, future revenue growth and profitability. You should be cautioned that the forwardlooking statements are no guarantee of our future performance. The forward-looking statements contained in this presentation are made only as of the date of this presentation and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law. This presentation and the information contained herein are the property of Chroma Ate Inc.

議程

• 公司簡介 • 財務數據 • 營運概況 • 問與答

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公司簡介

致茂電子成立於 1984 ，為自有品牌之自動化檢測解

決方案供應商。商品包含提供產業相關之測試儀器

設備及整合自動化測試系統。

經營宗旨：精密、可靠、創新。
致茂集團包含致茂主體，威光自動化及日茂新材料

三個事業體。

2014 年合併營收為 103 億新台幣。
2014 年淨利為 13 億新台幣。
致茂集團截至 2014 年 12 月底員工總數為 2,268 人。

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致茂主體合併營收
日茂新材料合併營收威光自動化合併營收
其他
14,886
14,148
11%
8%
11,644
5% 10,307
10,171
7%
47% 48%
15%
48% 29%
34%
40% 41% 44% 47% 60%
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2010

2011

2012

2013

2014

財務表現

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集團合併總營收集團合併總營收研發費用
營業毛利
營業毛利率
研發費用佔營收比
致茂主體
14,886
5,640 55%
54% 54%
14,148
5,338
55% 5,135
52%
11,644 37% 39%
4,174
3,926
10,307
10,171
29% 29%
28%
16%
15% 15%
12%
11%
755
603 630 637 631
致茂母公司員工數： 1,394  ( 研發人員比重 39%)
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
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財務表現

股東權益報酬率

股利政策

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每股盈餘現金股利
股票股利
5.05
配發比率
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25%
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4.06
19% 3.80
3.51
3.21
15%
14%
2.52 2.60
2.50 2.50
12%
2.00
0.40
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2010 2011 2012 2013 2014
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2010 2011 2012 2013 2014
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致茂電子全球據點

Global Employees ： 2,268  , Branch Offices x16, Distributors x65, Subsidiaries x6

Europe : Netherlands

US : Hong Kong : Neworld Irvine / Foothill Ranch, CA Tempe, AZ Japan: Shin Yokohama

China : Shenzhen / Dongguan / Xiamen / Suzhou

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財務數據

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2014年合併損益表摘要

	合併損益表 (單位:佰萬新台幣，除每股盈餘為新台幣元)			2014 %	2014 %		10 10 2013 % YoY % 10,171 100% 1% 4,779 47% 29% 1,540 15% (56%) 3,409 34% (13%) 443 4% 6% (6,420) (63%) (2%) 3,751 37% 8% (1,868) (18%) 7% (714) (7%) 16% 1,169 12% 4% 249 2% 21% 1,418 14% 7% (238) (2%) (5%) 1,180 12% 10% 287 2% n/a $ 1,467 14% (12%) 1,205 12% 9% (25) - - $ 1,180 12% 10% $ 3.21 9%
	淨營業收入			10,307 100%
	量測儀器事業部之合併營收(淨值)			6,175 60%
	威光自動化事業部之合併營收			680 7%
	日茂特殊材料事業部之合併營收			2,983 29%
	其他			469 4%
	營業成本			(6,261) (61%)
	營業毛利			4,046 39%
	營業費用推銷管理費用研發費用			(1,996) (19%) (831) (8%)
	營業淨利			1,219 12%
	營業外收入及支出			302 3%
	稅前淨利所得稅費用			1,521 15% (227) (2%)
	本期淨利			1,294 13%
	其他綜合損益淨額			4 -
	綜合損益總額			$ 1,298 13%
	淨利歸屬於: 本公司業主非控制權益

				$ 1,298 13%
	每股盈餘			$ 3.51

資產負債摘要及財務指標

集團合併 (單位：佰萬新台幣) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益		2014. 12月 4,129 1,605 423 2,488 9,391	2013. 12月 + / - % 2,364 75% 1,531 5% 794 - 47% 819 n/a 8,717 8%

總資產		14,968	12,768 17%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)		91 108 76 -	88 102 86 -
股東權益報酬率(%)		14%	15%
資產報酬率(%)		9%	10%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2014 1,854 1,228	2013 1,745 940	年成長 6% 31%
自由現金流量	(407)	(262)	55%

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股東報酬率及資產報酬率皆已年化。

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自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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本季重點摘要

第 4 季重點摘要

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營業收入營業毛利
營業利益率
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1,604
1,345
1,249
56% 57%
56%
54% 53% 55% 53% 51%
1,072
1,033
1,001 937
821
24%
23%
21%
18% 19% 18%
17%
16%
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總營業收入 : $13.45 億新台幣，
季減少 16% ，年成長 30%
營業毛利率 : 51%
營業利益率 : 16%
• 淨利 : $3.19 億新台幣，
季下滑 35% ，年增長 13%
2014 年第 4 季摘要 :
第四季營業收入主要貢獻來自於量測設備與自動化測試系統，及半導體試解決方案。

2013.1Q 2013.2Q 2013.3Q 2013.4Q 2014.1Q 2014.2Q 2014.3Q 2014.4Q

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2014年第4季損益表摘要(母公司)

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元)	2014.4Q %	2014.3Q % QoQ %	2013.4Q % YoY %
淨營業收入	1,345 100%	1,604 100% (16%)	1,033 100.0% 30%
營業成本	(664) (49%)	(752) (47%) (12%)	(490) (47%) 36%
營業毛利	681 51%	852 53% (20%)	543 53% 25%
營業費用推銷管理費用研發費用	(259) (19%) (213) (16%)	(268) (17%) (3%) (202) (13%) 5%	(198) (19%) 31% (167) (17%) 28%
營業淨利	209 16%	382 23% (45%)	178 17% 17%
營業外收入及支出	142 10%	168 11% (15%)	134 13% 6%
稅前淨利	351 26%	550 34% (36%)	312 30% 13%
所得稅費用	(32) (2%)	(63) (4%) (49%)	(30) (3%) 7%
本期淨利	$ 319 24%	$ 487 30% (35%)	$ 282 27% 13%
其他綜合損益淨額	102 7%	(65) (4%) n/a	111 11% (8%)
綜合損益總額	$ 421 31%	$ 422 26% -	$ 393 38% 7%
每股盈餘	$ 0.85	$ 1.30 (35%)	$ 0.75 13%

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本季營業外收入包含 100% 持有之子公司淨利認列，日茂為獲利為 1 仟 9 佰萬新台幣 ( 季成長 19% ，年成長 27%) ，威光為獲利 3 仟 1 佰萬新台幣 ( 季下滑 44% ，年下滑 54%) 。

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2014 年損益表摘要 ( 母公司 )

損益表摘要(母公司) (單位:佰萬新台幣，除每股盈餘為新台幣元)	2014 %	2013 % YoY %
淨營業收入	5,135 100.0%	3,926 100% 31%
營業成本	(2,382) (46%)	(1,772) (45%) 34%
營業毛利	2,753 54%	2,154 55% 28%
營業費用推銷管理費用研發費用	(948) (18%) (755) (15%)	(781) (20%) 21% (631) (16%) 20%
營業淨利	1,050 21%	742 19% 42%
營業外收入及支出	432 8%	563 14% (23%)
稅前淨利	1,482 29%	1,305 33% 14%
所得稅費用	(165) (3%)	(100) (2%) 65%
本期淨利	$ 1,316 26%	$ 1,205 31% 9%
其他綜合損益淨額	2 -	286 7% n/a
綜合損益總額	$ 1,318 26%	$ 1,491 38% (12%)
每股盈餘	$ 3.51	$ 3.21 9%

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營業外收入包含 100% 持有之子公司淨利認列，日茂為獲利為 6 仟 4 佰萬新台幣 ( 年成長 36%) ，威光為獲利 1 億 1 仟 5 佰萬新台。幣 ( 年下滑 68%)

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資產負債摘要及財務指標

未合併 (單位：佰萬新台幣) 資產負債摘要現金及流動金融資產存貨短期負債長期負債股東權益			2014. 12月 2,168 1,257 151 2,361 9,271	2013. 12月 406 1,174 630 700 8,578	+ / - % n/a 7% - 76% n/a 8%
總資產			13,290	10,989	21%
存貨週轉天數應收帳款週轉天數應付帳款週轉天數淨負債資產比(%)			186 141 71 5%	231 149 84 11%
股東權益報酬率(%)			15%	15%
資產報酬率(%)			11%	12%
現金流量 (單位：佰萬新台幣) 未計利息稅項折舊及攤銷營業現金流入	2014.第四季 397 187	2014.第三季 594 (4)		QoQ (33%) n/a	2014.全年 YoY 1,650 13% 823 33%
自由現金流量	412	297		39%	(484) n/a

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股東報酬率及資產報酬率皆已年化。

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自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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營運概況

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產品銷售佔比 ( 每季 )

(單位:百萬新台幣) 量測及自動化檢測設備半導體測試解決方案 Turnkey Solutions 其它		2014.4Q % 810 60% 291 22% 179 13% 65 5%		2014.3Q % QoQ 781 49% 4% 376 23% (23%) 407 25% (56%) 40 3% 63%	2013.4Q % YoY 623 60% 30% 170 16% 71% 199 19% (10%) 41 4% 59%
合計		1,345 100.0%		1,604 100.0% (16%)	1,033 100.0% 30%

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產品銷售佔比 ( 年度 )

(單位:百萬新台幣) 量測及自動化檢測設備半導體測試解決方案 Turnkey Solutions 其它	2014 % 2,919 57% 1,084 21% 936 18% 196 4%	2013 % YoY 2012 % 2,547 65% 15% 2,793 67% 824 21% 32% 695 17% 367 9% 155% 423 10% 188 5% 4% 263 6%
合計	5,135 100.0%	3,926 100.0% 31% 4,174 100.0%

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合併營收佔比

(Unit: Million NTD) 致茂電子 (含海外量測事業子公司) 威光自動化日茂新材料其它		2014.A % YoY 6,175 60% 29% 680 7% (56%) 2,983 29% (13%) 469 4% 6%		2014.4Q % 1,667 64% 201 8% 623 24% 116 4%	2014.3Q % QoQ YoY 1,951 63.6% (15%) 29% 208 6.8% (3%) (38%) 781 25.5% (20%) (12%) 126 4.1% (8%) 9%
集團合併營收		10,307 100.0% 1%		2,607 100.0%	3,066 100.0% (15%) 7%

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2015 年預測

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， 2014 年致茂母公司營收成長 31% 。主要營收貢獻來自於 Turnkey Solutions 大幅成長 155% 。半導體測試解決方案，連續第二年成長 32% 。而量測及自動化檢測設備仍有 15% 成長。市場對工業自動化 (IA) 需求仍舊強勁。公司預期集團合併營收來自工業自動化相關事業體之佔比將由 2014 年 16% 成長至 20% 以上。為因應快速成長之物聯網 (IoT) 市場，致茂電子已具備相關之測試解決方案及系統整合能力，此將成為近期成長動能。

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公司成長策略

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(NT$ Million)
6,000
5,000
Turnkey Solutions
Semiconductor Test Solutions
4,000
Test Instruments & ATS
Others
3,000
2,000
1,000
1984
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Application Roadmap

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Emerging Industries Smart Factory Internet of Things

Growth Engines

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LED
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Photovoltaic
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Electric Vehicle
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Battery
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Power Passive Internet/
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Niche Market Niche Product

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測試解決方案

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FPD/
Video &
Color
Optical Power
Devices Electronics
Passive
Turn- Component
Battery &
Electrical
Key
Safety
Solution
Provide
r
Semi-
Electric
conductor
Vehicle
/ IC
Photo- LED/
voltaic Lighting
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Turnkey Solutions for Smart Factory

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Turnkey Solutions in Smart Factory Application

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Automation Integration
Test & Manufacturing
Measurement Execution Sys.
3C Device Automatic Testing
Battery Pack Automatic Assembly
Passive Component Testing & Packing
LED Lighting Auto Assembly & Testing
Battery Cell Formation
Photovoltaic Automatic Testing & Sorting
Flat Panel Display Burn-in & Testing
IC (CIS) Automatic Testing & Sorting
2008 2009 2010 2011 2012 2013 2014 2015 2016
Solutions
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IoT Test Solutions

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Semiconductor Testing in IoT Application

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Sensor Layer Wireless MCU PMIC Sensors
Applications • Connectivity (WiFi, • MCU • LDO • CIS
Bluetooth, GPS) • MCU + ADDA • Regulators • Light Sensors
• Mobile (GSM, • MCU + E-MEM • DC/DC • Compass
WCDMA, LTE) • MCU + RF • AC/DC • M Sensors
• PA / FEM • MCU + PMIC • PMIC • G Sensors
DUT
• TV / FM Tuner
• LED Driver • Gyro
• Integrated Power • RF ID/Smart Card
MOS •
Temperature Sensor
• Motor Drive
PXI RF System
36XX / 33xx Series 36XX Series 33XX Series
Test
Solutions
3240Q RF IC
Handler
3380P + 3270
31XX series VI45/PVI100
Integrated Solution
Adivic MP5800
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Optical Device & Wireless Testing In IoT Application

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Network Layer
Wafer Package Wireless
Applications
● VCSEL ● TO-CAN ● WiFi
● EEL ● TOSA ● Bluetooth
● Photo Diode ● ROSA ● GPS
DUT ● BOSA ● LTE
● CoC
● CoS
Wireless Communication
Test System
TO-CAN package
Test Inspection System
Burn-In system VCSEL Tester
Bluetooth Tester
Solutions TO-CAN Laser Diode
Burn-In system
Wireless Test Station
GPS Simulator
Double Sides Wafer
Laser Diode
Inspection System
Characterization System
RF Recorder/Player
28
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28 ~~28~~

Test Instruments & ATS in Wearable Device Application

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Adaptor/Charger ATS HF LCR Meter
Impulse Winding Tester
(Model: 11050)
(Model: 19301A)
(Model: 8020)
Electronic
Power Adaptor
Component/ Module
LCM Tester
WiFi /BT /LTE Testers
PXI RF System
(Model: 040200)
Wireless Chipset
( 52400 Series) Display Module
FPD AOI System
Bluetooth Tester
Battery/Coin Cell
(Model: MP2S01)
Batter Cell Tester
RF IC Handler
(Model: 7661)
(Model: 3240Q) (Model: 17011) 29
29
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www.chromaate.com

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let’s make a better world Thank You!

30 30

AI assistant

CHROMA Interim / Quarterly Report 2014

52029_rns_2015-02-16_fc916d91-c48c-44dd-812e-81120706773b.pdf

Disclaimer

議程

公司簡介

公司簡介

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,268  , Branch Offices x16, Distributors x65, Subsidiaries x6

財務數據

2014年合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

第 4 季重點摘要

2014年第4季損益表摘要(母公司)

2014 年損益表摘要 ( 母公司 )

資產負債摘要及財務指標

營運概況

產品銷售佔比 ( 每季 )

產品銷售佔比 ( 年度 )

合併營收佔比

公司成長策略

Application Roadmap

Growth Engines

測試解決方案

Turnkey Solutions for Smart Factory

Turnkey Solutions in Smart Factory Application

IoT Test Solutions

Semiconductor Testing in IoT Application

Optical Device & Wireless Testing In IoT Application

Test Instruments & ATS in Wearable Device Application

www.chromaate.com

let’s make a better world Thank You!

AI assistant

CHROMA — Interim / Quarterly Report 2014

52029_rns_2015-02-16_fc916d91-c48c-44dd-812e-81120706773b.pdf

Disclaimer

議程

公司簡介

公司簡介

財務表現

財務表現

股東權益報酬率

股利政策

致茂電子全球據點

Global Employees ： 2,268  , Branch Offices x16, Distributors x65, Subsidiaries x6

財務數據

2014年合併損益表摘要

資產負債摘要及財務指標

本季重點摘要

第 4 季重點摘要

2014年第4季損益表摘要(母公司)

2014 年損益表摘要 ( 母公司 )

資產負債摘要及財務指標

營運概況

產品銷售佔比 ( 每季 )

產品銷售佔比 ( 年度 )

合併營收佔比

公司成長策略

Application Roadmap

Growth Engines

測試解決方案

Turnkey Solutions for Smart Factory

Turnkey Solutions in Smart Factory Application

IoT Test Solutions

Semiconductor Testing in IoT Application

Optical Device & Wireless Testing In IoT Application

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