MERRY — Interim / Quarterly Report 2018

Feb 13, 2019

Merry Electronics 2018 Fourth Quarter Earnings Conference

Presented by : Allen Huang Date : 2019.02.27

0

Consolidated Statements of Comprehensive Income	Consolidated Statements of Comprehensive Income	Consolidated Statements of Comprehensive Income	Consolidated Statements of Comprehensive Income	Consolidated Statements of Comprehensive Income
		**(audited) **		(NT$ Thousand)
Item	4Q2017	2017	4Q2018	2018
Net Revenue	10,310,574	26,678,810	13,389,805	35,494,808
Gross Profit	16.10%	17.47%	14.46%	13.31%
operating expenses	(772,336)	2,088,457	(803,713)	(2,421,935)
Operating Margin	8.61%	9.64%	8.46%	6.49%
non-operating earnings	1,567,958	1,684,883	448,812	423,116
Net Income	2,147,429	3,622,209	1,230,996	2,064,265
Net Profit Margin	20.83%	13.58%	9.19%	5.82%
EPS	11.16	18.94	6.04	10.47

1

Proportion of the Product Revenue

==> picture [596 x 272] intentionally omitted <==

----- Start of picture text -----

2% <1%
3% <1%
32% 27%
<1% 64% 69%
<1%
2018Q4 2018
----- End of picture text -----

■ Entertainment ■ Handsfree ■ Speaker ■ Battery ■ Others

2

(%)

Proportion of the Products Revenue

Entertainment

Speaker

==> picture [669 x 295] intentionally omitted <==

----- Start of picture text -----

QoQ: 7%|YoY: 29% 40% QoQ: 62%|YoY: 12%
74%
35%
71% 73% 30% 35%
68% 32%
25%
65%
20% 24%
62% 64%
15%
59% 62%
10%
56%
53% 5%
50% 0%
4Q2017 3Q2018 4Q2018 4Q2017 3Q2018 4Q2018
Handsfree Battery
3%
1% QoQ: 34%|YoY: -32% QoQ: 107%|YoY: 58%
3%
2%
2%
2%
1%
<1%
<1% <1%
0% 0%
4Q2017 3Q2018 4Q2018 4Q2017 3Q2018 4Q2018
----- End of picture text -----

3

(%)

Proportion of the Products Revenue

Entertainment

==> picture [567 x 307] intentionally omitted <==

----- Start of picture text -----

74%
71%
73%
68%
65% QoQ: 7%
62% 64% YoY: 29%
59% 62%
56%
53%
50%
4Q2017 3Q2018 4Q2018
4Q2017
3Q2018
15%
21%
81%
85% 79%
----- End of picture text -----

==> picture [158 x 30] intentionally omitted <==

----- Start of picture text -----

■ Wired/Entertainment
■ Wireless/Entertainment
----- End of picture text -----

4Q2018

==> picture [96 x 100] intentionally omitted <==

----- Start of picture text -----

19%
81%
----- End of picture text -----

4

(%)

Proportion of the Products Revenue

Speaker

==> picture [607 x 153] intentionally omitted <==

----- Start of picture text -----

40%
30% 35%
32%
QoQ: 62%
20% 24%
YoY: 12%
■ Other
■ NB&PC/Speaker Box 10%
■ Mobile/Speaker Box 0%
4Q2017 3Q2018 4Q2018
4Q2017 3Q2018 4Q2018
----- End of picture text -----

==> picture [63 x 15] intentionally omitted <==

----- Start of picture text -----

4Q2018
----- End of picture text -----

==> picture [383 x 150] intentionally omitted <==

----- Start of picture text -----

10% 13%
16% 21%
74% 66%
----- End of picture text -----

==> picture [155 x 152] intentionally omitted <==

----- Start of picture text -----

10%
10%
80%
----- End of picture text -----

5

Key Information

• Invest US$10,000K dollars to establish new company in China.

• Complete raising the domestic second unsecured convertible bonds for NT$3,000M.

• Complete the cash capital increase for NT$4M.

• Purchase the property at Taichung Export Processing Zone for NT$72,016,800.

• Allot the cash bonus of the year of 2018 for NT$ 1,751,418,578.

6

http://www.merry.com.tw/page/investor

7