MERRY — Interim / Quarterly Report 2017

Apr 25, 2017

Merry Electronics 2017 First Quarter Earnings Conference

日期 : April 25, 2017

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Safe Harbor Notice

Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to significant risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability for ramping new products into volume, supply and demand of market and industry, industry overcapacity, availability of manufacturing capacity, financial stability in terminal markets and other risks, etc.

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

2017 First Quarter Financial settlement (Unaudited)

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Revenue

Revenue	Revenue	Revenue	Revenue	Revenue
2,291 6,041 4,515 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 1Q2016 4Q2016 1Q2017 ( NT$ million) YoY 97.11% QoQ **-25.26% **
		2,291 6,041 4,515
		1Q2016 4Q2016 1Q2017

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

(%)

Revenue ratio by Product

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Entertainment Speaker QoQ
-39.72%
30% 28%
72% 70% 25%
QoQ
70% 68% 25%
-23.78% YoY
68% YoY 20%
20% 45.25%
66% 141.07%
64%
15%
62%
59%
60%
10%
58%
56% 5%
54%
52% 0%
1Q2016 4Q2016 1Q2017 1Q2016 4Q2016 1Q2017
Handsfree Battery QoQ
17.09%
4% 10%
9%
3%
9%
3% QoQ 8%
8% YoY
3% YoY -14.89% 7% 86.55%
-11.49%
2% 6%
5%
5%
2%
4%
1% 1%
1% 3%
2%
1%
1%
0% 0%
1Q2016 4Q2016 1Q2017 1Q2016 4Q2016 1Q2017
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Wired / Wireless of Entertainment (%)

Entertainment

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72% QoQ 70%
70% 68% -23.78%
68% YoY
66% 141.07%
64%
62%
59%
60%
58%
56%
■ Wired/Entertainment 54%
■ Wireless/Entertainment 52%
1Q2016 4Q2016 1Q2017
1Q2016
4Q2016
36% 30%
64%
70%
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1Q2017

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29%
71%
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

(%)

NB&PC / Mobile of Speaker

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QoQ
Speaker -39.72%
30% 28%
25%
25%
YoY
20%
20% 45.25%
15%
10%
5%
Other
NB&PC/Speaker Box 0%
Mobile/Speaker Box 1Q2016 4Q2016 1Q2017
1Q2016
4Q2016 1Q2017
8%
9% 12%
22%
40%
53%
35%
70%
51%
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■ Other ■ NB&PC/Speaker Box ■ Mobile/Speaker Box

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Gross Margin

without JV

30.00% 25.43% 25.00% 22.90% 20.00% 20.00% 18.87% 15.00% 15.96% 10.00% 5.00% 0.00% 1Q2016 4Q2016 1Q2017

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Operating Expenses

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( NT$ million)
430
450
394
400
358
350
171
163
300
138
250
200
174
150 159
169
100
50
86
72
52
0
1Q2016 4Q2016 1Q2017
Selling expenses Administration expenses R&D expenses Total
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Operating Income & Margin

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( NT$ million)
800 15.20%
700
11.75%
12.20%
11.00%
600
500
9.20%
400
710
6.20%
300
494
200
3.20%
100
0.32%
7
0 0.20%
1Q2016 4Q2016 1Q2017
Consolidated Operating Income Consolidated Operating Margin
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Net Income & Margin

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( NT$ million)
800 14.00%
12.20%
700
12.00%
600
10.00%
500
7.00% 8.00%
400
737
6.00%
300
4.00%
200
319
1.68%
2.00%
100
38
0 0.00%
1Q2016 4Q2016 1Q2017
Consolidated Net Income Consolidated Net Profit Margin
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

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EPS
( NT$ dollar)
4.5
4.03
4
3.5
3
2.5
2
1.74
1.5
1
0.5
0.21
0
1Q2016 4Q2016 1Q2017
EPS 0.21 4.03 1.74
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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Unaudited Earnings

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

(Unaudited)

	(Unaudited)
			(NT$ Thousand)
	1Q2017	%
Net Revenue	4,515,000		100
Gross Profit	888,079		20
Operating Income	494,028		11
Pre-tax Income	396,979		9
Net Income	319,242		7
EPS	1.74

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本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Thank you

http://www.merry.com.tw

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