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NTC — Interim / Quarterly Report 2014
Aug 1, 2014
52438_rns_2014-08-01_80d426c7-6f48-4eff-9fb9-6c76c2db31cc.pdf
Interim / Quarterly Report
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Nuvoton Technology Corporation
2Q14 Investor Conference August 1, 2014
Safe Harbor Notice
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We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projects are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.
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We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future event or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.
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The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.
Agenda
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Nuvoton Financial Results
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Nuvoton Business Update & Outlook
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Q&A
Nuvoton Financial Results
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Nuvoton Consolidated Statement of Comprehensive Income
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Nuvoton Consolidated Balance Sheet
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Nuvoton Consolidated Statement of Cash Flows
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Nuvoton Revenue and GM Trend- Consolidated
Nuvoton Consolidated Statement of Comprehensive Income
Selected Items from Statement of Comprehensive Income.
| p | . | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit: NT$ M | 2Q14 | 1Q14 | 2Q13 | QoQ change | YoY change | ||||||
| Amount | % | Amount | % | Amount | % | Amount | % | Amount | % | ||
| Net Revenue | 1,894 | 100 | 1,618 |
100 | 1,901 |
100 | 276 | 17 |
(7) | (0) |
|
| Gross Profit | 829 | 44 | 692 |
43 | 803 |
42 | 136 | 20 |
26 | 3 |
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| Operating Income | 155 |
8 | 51 |
3 | 176 |
9 | 104 | 204 |
(22) | (12) | |
| Net Non- Operating Income |
54 |
3 | 9 |
1 | 38 |
2 | 44 | 473 |
16 | 42 |
|
| Income before Income Tax |
208 | 11 | 60 |
4 | 214 |
11 | 148 | 246 |
(6) | (3) |
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| Net Income | 180 | 10 | 44 |
3 | 115 |
6 | 136 | 308 |
66 | 57 |
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| EPS (NTD) | 0.87 | 0.21 | 0.55 |
Note: Weighted average outstanding shares were 207.5M units in 2Q14.
Nuvoton Consolidated Balance Sheet
Selected Items from Balance Sheet.
| Unit: NT$ M June 30 ’14 Amount % Mar 31 ’14 Amount % Selected Items from Balance Sheet. |
QoQ change Amount % |
|---|---|
| Cash & Cash Equivalents 1,758 35 1,797 36 Accounts Receivable 914 18 776 15 Inventories 837 16 848 17 Long-Term Investments 405 8 408 8 Property, Plant and Equipment 527 8 542 11 Total Assets 5,101 100 5,025 100 |
(39) (2) 138 18 (11) (1) (3) (1) (15) (3) 76 2 |
| Current Liabilities 1,740 34 1,590 32 Non-Current Liabilities 576 11 566 11 Total Liabilities 2,316 45 2,156 43 |
150 9 10 2 160 7 |
| Total Equity 2,785 55 2,869 57 |
(84) (3) |
| Nuvoton Consolidated Statement of | Nuvoton Consolidated Statement of | Nuvoton Consolidated Statement of | Cash Flows | Cash Flows |
|---|---|---|---|---|
| Unit: NT$ M | 2Q14 | 1Q14 | QoQ change | |
| Amount | Amount | Amount | ||
| Cash Flows from Operating Activities | 124 | 326 | (202) | |
| Cash Flows from Investing Activities | (151) | (85) | (66) | |
| Cash Flows from Financing Activities | 0 | (179) | 179 | |
| Cash & Cash Equivalents | 1,758 | 1,797 | (39) | |
Nuvoton Revenue and GM Trend- Consolidated
Revenue (NT$ M)
Gross Margin Rate
Revenue Gross Profit GM%
Nuvoton Business Update &Outlook
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Nuvoton 2Q14 Business Update
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• Nuvoton 3Q14 Business Outlook
Nuvoton 2Q14 Business Update
Net Revenue: +17.1% QoQ / -0.4% YoY
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Key Reasons for QoQ Increase
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Traditional High Season for Consumer and Foundry Business
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− 32-bit MCU Applications and Audio Enhancement Growing
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Key Reasons for Flat YoY
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PC Demands Stronger Than Expectation
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2Q14 Major New Products
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The First ARM[®] Cortex[® ] - M4 32-bit MCU Shipment
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ARM[®] Cortex[® ] - M0 32-bit MCU for Low Power Application
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New Power IC and New SIO for Intel[®] 9-Series Chipset
Note: All trademarks and copyrights mentioned herein are the property of their respective owners.
Nuvoton 3Q14 Business Outlook
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3Q14 Business Outlook
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New Intel[®] NB and Server Platform Launch and Back to School Demand
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Audio Related IC Demands Upside
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3Q14 Major New Products
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ARM[®] Cortex[® ] - M4 32-bit MCU Promotion
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New ARM[®] Cortex[® ] - M0 based Audio SoC
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A Series of New IC for Intel[®] Next Generation Platform SkyLake
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− ARM[®] 9 Video SoC for IP CAM
Note: All trademarks and copyrights mentioned herein are the property of their respective owners.
Questions & Answers
• Company website Nuvoton: www.nuvoton.com