LTC — Investor Presentation 2013

Mar 11, 2013

Lite-On Technology Q4 2012 Results Presentation

Safe Harbor Notice

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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4Q12 Results

In NT Millions	4Q12	QoQ YoY 4Q11 3Q12
	Amount %	Amount % % Amount % %
Net Sales	32,060 100.0	31,294 100.0 2.4 29,069 100.0 10.3
COGS	27,715 86.4	27,187 86.9 1.9 25,365 87.3 9.3
Gross Profit	4,345 13.6	4,108 13.1 5.8 3,704 12.7 17.3
Operating Expense	2,331 7.3	2,214 7.1 5.3 2,112 7.3 10.4
Operating Profit	2,014 6.3	1,894 6.1 6.4 1,592 5.5 26.5
Other Income/Expense	560 1.7	378 1.2 48.3 217 0.7 158.2
Profit Before Tax	2,574 8.0	2,271 7.3 13.3 1,809 6.2 42.3
Profit After Tax	2,308 7.2	1,982 6.3 16.5 1,496 5.1 54.3
After Tax EPS	1.02	0.88 0.67

Note : EPS figures are calculated based on the weighted average share count of 2,265M, 2,2264M, and 2,243M for 4Q12, 3Q12, and 4Q11 respectively.

2012 Annual Results

In NT Millions Net Sales		2012	YoY 2011
		Amount %	Amount % %
		121,452 100.0	118,882 100.0 2.2
COGS		105,423 86.8	104,214 87.7 1.2
Gross Profit		16,029 13.2	14,668 12.3 9.3
Operating Expense		8,579 7.1	8,139 6.8 5.4
Operating Profit		7,451 6.1	6,530 5.5 14.1
Other Income/Expense		1,236 1.0	1,891 1.6 -34.6
Profit Before Tax		8,685 7.2	8,421 7.1 3.1
Profit After Tax		7,535 6.2	7,226 6.1 4.3
After Tax EPS		3.33	3.22

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Non-Operating Items

In NT$Millions 4Q12	2012 12 11 1,120 289 39 -412 176 1,235
Net Interest 9 FX 18 Investment Income LOIT 331 Silitech 69 LOS 5 LOM 33 Others 95
Total 560

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Profitable growth with margin expansion

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40000
GP%
13.6%
35000
13.4%
13.1%
13.1%
12.7% 12.7% 32,060
12.3% 31,294
31,239 30,684
30,195
30000
29,047
28,379
27,413
11.1%
25000
20000
OPEX%
7.3% 7.2% 7.3%
7.2% 7.0%
15000 6.7%
OP%
6.9%
6.6% 6.3%
6.1%
10000 6.0% 6.0%
5.5%
5.5%
5.1% 5.4%
5000
0
1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12
Million NT$
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OPEX%

4Q12 Balance Sheet

In NT Millions	4Q12		3Q12		4Q11
	Amount	%	Amount	%	Amount	%
Cash & Equivalent	34,024	25%	30,637	24%	27,771	21%
Accounts Receivable	29,127	22%	27,959	21%	24,895	19%
Inventories	11,439	8%	10,859	8%	11,915	9%
Total Assets	135,068	100%	130,058	100%	129,177	100%
Short Term Debt	6,958	5%	7,240	6%	1,050	1%
Accounts Payable	39,718	29%	36,512	28%	37,269	29%
Long Term Debt	12,575	9%	13,087	10%	15,700	12%
Total Liabilities	65,288	48%	62,778	48%	60,250	47%
Equities	69,780	52%	67,280	52%	68,927	53%
Key Indices
A/R Turnover Days	82		79		81
Inventory Turnover Days	31		30		38
CCC Days	13		17		9
Current Ratio (x)	1.49		1.48		1.52
Quick Ratio (x)	1.27		1.26		1.25
Net Cash (NT Millions)	14,490		10,310		11,020

Lite-On Mobile 4Q12 Results

In € Millions	4Q12	3Q12 QoQ 4Q11 YoY
Net Sales	158.5	176.4 -10% 298.8 -47%
COGS	143.9	162.8 -12% 270.7 -47%
Gross Profit	14.6	13.6 7% 28.1 -48%
Operating Expense	10.6	10.4 2% 12.6 -16%
Operating Profit	4.0	3.2 25% 15.5 -74%
OI/OE	(2.8)	(2.2) -27% 0.7 --
PBT	1.2	1.0 20% 16.2 -93%
PAT	0.8	(1.5) -- 16.7 -95%
Gross Profit %	9.2%	7.7% 9.4%
Operating Expense %	6.7%	5.9% 4.2%
Operating Profit %	2.5%	1.8% 5.2%

● 8

Lite-On Mobile 2012 Results

In € Millions	2012	2011	YoY
Net Sales	705.2	727.6	-3%
COGS	659.8	649.7	2%
Gross Profit	45.4	77.9	-42%
Operating Expense	42.1	46.4	-9%
Operating Profit	3.3	31.5	-90%
OI/OE	(10.5)	(12.3)	15%
PBT	(7.2)	19.2	--
PAT	(10.8)	13.4	--
Gross Profit %	6.4%	10.7%
Operating Expense %	6.0%	6.4%
Operating Profit %	0.5%	4.3%

● 9

Thank You!

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