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LTC — Interim / Quarterly Report 2020
May 27, 2020
51997_rns_2020-05-27_d5b33b96-e456-411b-b9af-42ef75f0bead.pdf
Interim / Quarterly Report
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1Q20 Earnings Conference 2006 IR Strategy
April 29[th] , 2020
Safe Harbor Notice
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LITE-ON Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.
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The numbers of the presentation are prepared under IFRS.
1Q20 Results
| In NT Millions | 1Q20 | QoQ YoY 4Q19 1Q19 |
|---|---|---|
| Amount % |
Amount % % Amount % % |
|
| Net Sales | 32,576 100.0 |
44,155 100.0 -26 41,173 100.0 -21 |
| COGS | 27,859 85.5 |
37,014 83.8 -25 35,767 86.9 -22 |
| Gross Profit | 4,717 14.5 * |
7,141 16.2 -34 5,406 13.1 -13 |
| Operating Expense | 3,965 12.2 |
4,571 10.4 -13 4,252 10.3 -7 |
| Operating Profit | 752 2.3 * |
2,571 5.8 -71 1,155 2.8 -35 |
| Other Income/ Expense | 960 2.9 |
607 1.4 58 782 1.9 23 |
| Profit Before Tax | 1,713 5.3 |
3,177 7.2 -46 1,937 4.7 -12 |
| Income Tax Expense | 394 1.2 |
752 1.7 -48 465 1.1 -15 |
| Non-Controlling Interest | -254 -0.8 |
18 0.0 - 7 0.0 - |
| Profit Attributable to Parent | 1,572 4.8 |
2,407 5.5 -35 1,465 3.6 7 |
| After Tax EPS Shares (mm shares) |
0.68 2,324 |
1.03 0.63 2,324 2,324 |
* Note: Negative impact to GPM/ OPM of 0.2/ 0.4 ppt from Silitech’s Re-org loss.
Other Incomes/ Other Expenses
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In NT$ Millions 1Q20
Net Interest 280
327
FX
Others 353
Total OIOE 960
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Revenue Contribution by Segment
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1Q20 1Q19
Others Others
5% 5%
Opto- Opto-
Storage
electronics electronics
11%
19% Storage 16%
14%
Information
Information
Technologies
Technologies
65%
65%
LED Components & Lighting Products, Camera Modules and
Opto-electronics
Automotive Electronics
Products used in Server, Networking Devices, NB, Tablets, DT and
Information Technologies
Multifunction Peripheral
Storage Optical Disk Drives and Solid State Drives
Others Other products not yet reaching quantitative thresholds
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Revenue by Segment
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In NT Millions
Revenue By Segment 1Q20 1Q19 YoY
Opto-electronics 6,272 6,556 -4%
Information Technologies 21,208 26,645 -20%
Storage 3,375 5,782 -42%
Others 1,721 2,189 -21%
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Operating Profit by Segment
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In NT Millions
OP by Segment 1Q20 1Q19 YoY
Opto-electronics 614 130 371%
Information Technologies 936 1,510 -38%
-
Storage (61) 14
Others (194) (167) -16%
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Balance Sheet
| In NT millions | 1Q20 | 4Q19 1Q19 |
|---|---|---|
| Amount % |
Amount % Amount % |
|
| Cash & Equivalent | 72,491 41% |
67,639 36% 62,441 34% |
| Accounts Receivable | 27,622 16% |
38,079 20% 35,550 20% |
| Inventories | 21,269 12% |
23,647 13% 26,552 15% |
| Current Assets | 135,928 78% |
146,853 79% 141,238 77% |
| Total Assets | 175,124 100% |
186,633 100% 182,309 100% |
| Short Term Debt | 31,946 18% |
30,434 16% 24,758 14% |
| Accounts Payable | 35,615 20% |
44,304 24% 41,527 23% |
| Current Liabilities | 105,007 60% |
109,398 59% 102,128 56% |
| Long Term Debt | 0 0% |
0 0% 0 0% |
| Total Liabilities | 107,348 61% |
111,991 60% 104,848 58% |
| Equities 67,776 39% 74,641 40% 77,461 42% Key Indices Current Ratio (x) 1.29 1.34 1.38 Quick Ratio (x) 1.09 1.14 1.12 Net Cash (NT Millions) 40,545 37,205 37,682 |
67,776 39% |