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FocalTech — Investor Presentation 2016
Aug 3, 2016
52342_rns_2016-08-03_bca840c0-87b8-4815-a6f9-2cc1d1b3b8a1.pdf
Investor Presentation
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FocalTech 敦泰電子 (Ticker 3545TT) Investor Conference 法人說明會 2016/08/03
Unit in NT$ Million /單位: 新台幣佰萬元
| 16'Q2 | 16'Q1 | QoQ | 15'Q2 | YoY | ||
|---|---|---|---|---|---|---|
| Revenue/ 營業收入 | **2,960 ** | 2,309 | 28% | 3,202 | -8% |
|
| Gross Profit/ 營業毛利 | 580 | 432 | 34% |
552 | 5% |
|
| Gross Margin/ 營業毛利率 | 19.6% | 18.7% |
↑90 bps | 17.2% |
↑240 bps | |
| OperatingExpense/ 營業費用 | 500 | 522 | -4% |
523 | -4% |
|
| OperatingIncome(Loss)/ 營業淨利(損) | 80 | (90) |
─ | 29 |
180% |
|
| Non Operating Income (Loss)/營業外 收入(支出) |
(2) | (12) |
-84% |
27 | ─ |
|
| Profit(Loss)before Tax/ 稅前淨利(損) | 78 | (102) |
─ | 56 |
40% |
|
| Profit(Loss)after Tax/ 稅後淨利(損) | 66 | (97) |
─ | 63 |
5% |
|
| EPS(Basic)/ 每股盈餘(基本) | 0.23 | **(0.33) ** |
0.15 |
@2016 FocalTech Systems Co., Ltd. All rights reserved.
Unit in NT$ Million /單位: 新台幣佰萬元
| 16' 1H | 15' 1H | YoY | |
|---|---|---|---|
| Revenue/ 營業收入 | 5,269 | 5,632 | -6% |
| Gross Profit/ 營業毛利 | 1,012 | 928 | 9% |
| Gross Margin/ 營業毛利率 | 19.2% | 16.5% |
↑270 bps |
| OperatingExpense/ 營業費用 | 1,022 | 1,045 |
-2% |
| OperatingLoss/ 營業淨損 | (10) | (117) | -91% |
| Non OperatingIncome(Loss)/ 營業外收入(支出) | (14) | 123 | ─ |
| Profit(Loss)before Tax/ 稅前淨利(損) | (24) | 6 | ─ |
| Profit(Loss)after Tax/ 稅後淨利(損) | (31) | 7 | ─ |
| EPS(Basic)/ 每股盈餘(基本) | (0.10) | 0.02 |
@2016 FocalTech Systems Co., Ltd. All rights reserved.
Unit in NT$ Million /單位: 新台幣佰萬元
| 2016.6.30 | 2016.3.31 | QoQ | ||
|---|---|---|---|---|
| Cash & Market Securities/ 現金及其他金融資產 | 6,219 | 7,328 | -15% | |
| Accounts Receivable/ 應收帳款 | 1,436 | 1,118 | 28% | |
| Inventory/ 存貨 | 2,737 | 2,355 | 16% | |
| Other Current Assets/ 其他流動資產 | 180 | 116 | 55% | |
| Other Non Current Assets/ 其他非流動資產 | 3,844 | 3,787 |
2% |
|
| Total Assets/ 資產總計 | 14,416 | 14,704 | -2% |
|
| Current Liabilities/ 流動負債 | 2,920 | 3,015 | -3% | |
| Non Current Liabilities/ 非流動負債 | 398 | 319 | 25% | |
| Owner's Equity/ 股東權益 | 11,098 | 11,370 | -2% | |
| Total Liabilities and Owners' Equity/ 負債與權益 | 14,416 | 14,704 | -2% |
|
| Net Worthper share/ 每股淨值 | 37.71 | 38.65 |
||
| AR Days(Annual Basis) | 44 | 53 |
||
| InventoryDays (Annual Basis) | 109 | 119 |
@2016 FocalTech Systems Co., Ltd. All rights reserved.
-
Revenue in Q2 16’ was NT$ 2,960M, up 28% qoq and down 8% yoy. The yoy decline is due to the operational adjustment on the product mix. The qoq .
-
sequential increase indicates the worse quarter of 2016 is over
第2季營收29.6億元，較上季增加28%，顯示已度過谷底；至於年減8% 則是反映產品組合調整，減少低獲利產品比重的結果。
- Gross profit increased 34% qoq to NT$ 580M due to higher revenue and higher margin %. More significantly, this represents 5% growth in profit with a 8% less revenue on yoy basis. Gross margin in Q2 16’ was 19.6%, marking 6 quarters of consecutive improvement.
， 較高的營收與毛利率使毛利金額季增34%達5.8億元；即便營收年減8% 毛利總金額依舊年增5%。第2季毛利率19.6%，呈現第6個季度的連續增 長。
-
Net income before tax in Q2 was NT$ 78M, up 40% yoy, mainly attributed to more efficient operations.
-
第2季稅前淨利因營運效率提升而年增4成至7仟8佰萬元。
@2016 FocalTech Systems Co., Ltd. All rights reserved.
Gross Margin
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% Gross Margin
21.00
19.6
18.7
18.2
18.00 17.2 17.4
15.5
15.00
12.00
15' 1Q 15' 2Q 15' 3Q 15' 4Q 16' 1Q 16' 2Q
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Q3 is typically a strong season for smartphones, we expect to see the same situation this year. Therefore, the Q3 business is expected to be better than Q2.
第3季是智慧型手機傳統旺季，今年的季節性表現與往年相似。因此預 期第3季營運將比第2季為好。
- Gross margin will stay on an upward trend as product mix continues to improve. Favorable contribution mainly comes from growth in mid to highend product shipment.
預期中高階產品出貨成長，使產品組合持續改善，並帶動毛利率保持 向上趨勢。
- On the product mix improvement, the increase in shipment of IDC product is an important contribution. Another important contribution comes from On-cell touch solution. Both IDC and On-cell products will continue to play a noticeable role for the entire 2H of 2016.
IDC與on-cell觸控方案是促使產品組合改善的主要因子，將在105年下半 年營運中扮演重要角色。
@2016 FocalTech Systems Co., Ltd. All rights reserved.
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Thank you !
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Copyright © 2016 FocalTech Systems Co., Ltd. All Rights Reserved. The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied in the predictive statements. Therefore, such information is provided for reference purpose only and constitutes neither an offer nor an acceptance. FocalTech may change the information at any time without notice.
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www.focaltech-electronics.com