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SINBON Electronics — Interim / Quarterly Report 2015
Mar 5, 2015
52256_rns_2015-03-05_e9093ec6-caa0-4718-9843-f72edfc1cb9c.pdf
Interim / Quarterly Report
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SINBON 2014Q3 Results & Prospects
Prepared By Finance Department 2015/2/12
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Safe Harbor Notice
This presentation contains forward looking statements
and is subject to significant risks and uncertainties.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON Briefing Year to Date Performance Financial Records Business Outlook
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON Briefing
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Who We Are
Founded in 1989, we are a solution provider of electronic integration, covering component design, manufacturing, distribution services aswell as wireless component.
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Founding year: 1989
Legal status: Listed on Taiwan Stock
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Business Trend
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Data Capture
LCD Panel
Mobile Phone
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Medial Health Industrial Field Green Energy
Automotive
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Notebook PC
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Consumer Electronics Industries > > > (Standard & limited profit )
Niche Market & Industrial field (customized with value-added)
Key technology & capacity for
Core competitiveness
vertical integration
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PCB
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C a bl e ssem A bl y
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EE, ME, Soft Ware, and Firm Ware Engineering
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Raw Cable
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Value sourcing platform
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Tooling Design
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.
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Swift & Integrated Service, etc
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Module Design, etc.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Business Coverage
Field
Industrial A utomot ve i C ommun cat on i i G reen nergy E M e di ca l H ea t l h App ication l
Cable Assembly
PCB Assembly
Sub-unit / Box Build Connectors/ Components
Notes: Components refer to HRS connector, Crystal & Oscillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Major Customers
Medical Health 健康照護
Automotive Green Energy 汽車領域 綠能產業 -
Industrial Application Communication 工業應用 通訊相關
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SINBON’s Successful Cooperation with ASML
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PCB Assembly
Sheet Metals Power Supply
Bundles in Chain Service Unit Control Box
B un dl e ssem A bl y NPI Cables & Bundles Wet Vacuum Control Rack
Cable Assembly
(Internal Use) Track User Interface Box Cabinet
(External Use)
Number of 104 118
81
34
Buy Items
2007 2010 2013 2014 2014 Q2
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*NPI = New Product Introduction
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SINBON’s Successful Cooperation with Symbol (Motorola)
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Box-Build
Cable + PCB Assembly
Cable Assembly � Barcode Scanner Data Cable � Terminal Charging Cradle
� Terminal Data Cable � Terminal Battery Charger
� Barcode Scanner Data Cable
� Terminal Car Charger
1999 2004 2011 2014
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SINBON’s Successful Cooperation with Datalogic
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Cable
Assembly
70%
PCB Assembly + Box-Build
Cable + PCB Assembly � PCBA for Laser Marking Device
Cable Assembly � CCD Barcode Scanner
� Laser Barcode Scanner
� Barcode Scanner Cable � Laser Scanner Accessory
� Hand-held Scanner Cable � Hand-held Scanner Accessory � Mobile Computer Battery Charger
� Mobile Computer Cable � Connectivity Box
2003 2007 2008 2014
Complexity
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SINBON’s Successful Cooperation with Trimble
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Great Honor A Trustworthy Partner A Value-Added Service Partner
Became For the first time, Trimble decided to SINBON can solve customer’s problem
preferred supplier manufacturer their product out side of USA which pursued them for a long time
2006 2008 2010 2011 2013
Custom Connector
Cable for Survey Cable for Cable + PCBA for
& Solution
Instrument Agriculture Mobile Resource
Application Management
Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON’s Successful Cooperation with GE
2003-2013: Received Best supplier/ Best quality and management/ Excellent in compliance awards
Supplied control Supplied ca bl e & power Cable cable harness (2010) 2009 2010
Won GE B e iji ng “ B es t Supplier” award
Entered supply chain of GE Power & Water, Energy Management, Oil & Gas, Transportation in 2003
Processed GE Beijing supplied 1995 1998 2001 2002 2003 2007 material
2013
GE service coverage : China (Beijing, Achieved sales Wuxi, Chengdu); USA( Waukesha); India; of $18M Brazil; Finland; Singapore; Vietnam; Germany; Poland; Canada; Japan
Signed OEM Upgraded to a Strategic agreement with Cable Assembly GE Beijing Supplier by GE global
Entered supply chain of GE HC in 2002
Supplied customized cable assembly for the diagnostic equipment, such as X-ray, , surgery , LSS, lunar ultrasound, patient monitor, MR, and CT
OEM ODM PCBA for Cable + PCBA GE HC
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
SINBON’s Success in Healthcare & Telemedicine
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Telemedicine
Medical Device
Application of Telemedicine System
Remote Patient
Monitoring System I
App for ECG
Recorder
Remote Patient (DR.APP)
Monitoring System II
Wrist Pulse Fingertip
TiltMon
ECG/EKG Recorder Oximeter Oximeter
Infrared Ear
Infrared Ear Thermometer Complete Telemedicine HRM Sensor Module
Baby Kick Track Thermometer Breeze® Nebulzier (forehead) Solution (Duel-LED)
Telemedicine System Telemedicine System
Medical Device + Telemedicine (Hardware)
(Cooperate with NTUH) (Software) +SIP Module
2009 2010 2011 2012 2013 2014
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Global Service Network
UK USA Korea China Japan Taiwan Headquarter Headquarter Sales / Marketing Offices Manufacturing Sites R&D Offices Hubs -Taipei, Taiwan -Seattle, USA -Taipei, Taiwan -Miaoli, Taiwan -Taipei, Taiwan -Seattle, USA -New York, USA -Beijing, China -Beijing, China -Beijing, China -Nashville, USA -Chicago, USA -Qingdao, China -Jiangyin, China -Jiangyin, China -Orlando, USA - - - - Nashville , USA Jiangyin, China Tongcheng , China Tongcheng , China -Manchester, UK -Shanghai, China -Nashville, USA -Nagoya, Japan -Tongcheng, China -Inchon, Korea -Shenzhen, China -Xiamen, China -Chongqing, China (Planning)
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Manufacturing Site
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Beijing
Cable PCBA
Jiangyin
Cable PCBA
Miaoli Beijing Tongcheng
Cable
Jiangyin plant I Jiangyin plant II Jiangyin raw cable Miaoli Cable PCBA
plant
Tongcheng
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Beijing Manufacturing Plant
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Features: Cable Assembly High Mix Low Volume (ex. medical, industrial…)
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Space: 84,122 ft
[2] -
Manpower: 508
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Workmanship Standard Compliance: IPC-610, Class2 ISO 9001 IPC-620, Class 2 ISO 14001 UL ISO 13485 OHSAS 18001:2007 Green Partner (Sony)
Back
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Jiangyin Manufacturing Plant
� Features: Cable / PCBA / Box build High Mix Low Volume / High Volume Low Mix (cover diverse industries)
� Space: Plant I- 139,933 ft 2 , II- 230,890 ft 2 , III- 21,528 ft 2
� Manpower: 2,612
� Workmanship Standard Compliance: IPC-620, Class 2 ISO 9001 Eco-Partner IPC-610, Class 2 ISO 14001 UL TS 16949 ISO 13485 Green Partner
Back
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Tongchen Manufacturing Plant
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Features: Cable Assembly High Volume Low Mix (ex. IT, consumer electronics, industrial control machine and vehicle fields…)
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Space: 64,585 ft
[2] -
Manpower: 550
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Workmanship Standard Compliance:
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ISO 9001 IPC-620 EICC ISO14001 UL Green Partner (Canon)
Back
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Miaoli Manufacturing Plant
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Features: Cable Assembly PCB Assembly High Mix Low Volume (ex. industrial, semiconductor, auto charger…)
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Available Space: 78,168 ft
[2] -
Manpower: 223
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Workmanship Standard Compliance: IPC-610, Class 2 IECQ ISO 13485 IPC-620, Class 2 UL ISO 9001 ISO 14001 GMP ISO 14064-1
Back
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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Year To Date Performance
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Monthly Consolidated Revenue
NTD in thousand
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1,200,000
1,042,379
[1,016,112] [1,018,059]
1,000,000 900,690 890,092 953,343884,096991,292 889 , 810 [1,010,481][909,831] 900 , 822 972,033982,600981 , 045 996,911 942,015 972,004900,100 [972,399][908,235] 943,307853,057
817,202
800,000
600,000 618,017
400,000
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2014 2013
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2014 Jan. to Dec. non-audited consolidated sales : NTD 11,647,291 in thousands 2015 Jan. non-audited consolidated sales : NTD 1,042,379 in thousands
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Last 5 Quarters Result Highlight
| (NTD in thousand) Net Sales Gross Profit Gross Profit % Operation Income Non-operating Income Non-operating Expenses Income before Taxes Income Taxes Minority Interests Net Income Net Profit % EPS(NTD in dollars) Stockholders' Equity ROE(quaterly) |
Q3'14 2,989,579 649,541 21 73% . 257,650 41,242 (8,827) 290,065 (65,154) (422) 225,333 7.54% 1.09 4,756,643 4.74% |
Q2'14 3,019,801 656,010 21 72% . 283,381 39,728 (8,364) 314,745 (99,943) (5,101) 219,903 7.28% 1.06 4,482,739 4.91% |
Q1'14 | Q4'13 2,641,592 588,671 |
Q3'13 2,895,131 611,813 21 13% . 201,102 64,439 27,606 293,147 (89,407) (7,558) 211,298 7.30% 1.02 4,279,475 4.94% |
|---|---|---|---|---|---|
| 2,741,173 596,831 21 77% . 220,717 62,888 (8,562) 275,043 (78,715) (4,460) |
|||||
| 22 28% . 170,534 31,284 (32,966) 168,852 (53,521) (35,877) |
|||||
| 200,788 | 151,208 | ||||
| 7.32% | 5.72% 0.72 |
||||
| 0.97 | |||||
| 4,811,817 4.17% |
4,653,253 3.25% |
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Last Five 3rd-Quarter Results Highlight
| (NTD in thousand) Net Sales Gross Profit Gross Profit % Operation Income Net Income Net Profit % EPS(NTD in dollars) |
Q3'10 2,338,218 464 971 , 19.89% 180,236 101,515 4.34% 0.56 |
Q3'11 2,285,291 465 764 , 20.38% 114,567 114,154 5.00% 0.63 |
Q3'12 | Q3'13 Q3'14 2,895,131 2,989,579 611 813 649 541 , , 21.13% 21.73% 201,102 257,650 211,298 225,333 7.30% 7.54% 1.02 1.09 |
|---|---|---|---|---|
| 2,637,918 540 524 , 20.49% 165,236 177,966 6.75% |
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| 0.97 | ||||
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Revenues by Market Segment I
| Unit:NTD in thousand | 2014 |
2013 |
Increase(Decrease) |
% | |
|---|---|---|---|---|---|
Industry |
Sub-Total |
Sub-Total |
|||
| GREEN ENERGY | 2,047,996 | 1,774,024 | 273,972 | 15% | |
| INDUSTRIAL APPLICATION | 2,789,033 | 2,123,872 | 665,162 | 31% | |
| MEDICAL HEALTH | 1,251,573 | 1,263,267 | (11,694) | -1% | |
| AUTOMOTIVE | 1,233,655 | 887,291 | 346,365 | 39% | |
| COMMUNICATION | 4,325,033 | 4,506,807 | (181,773) | -4% | |
Total |
11,647,291 |
10,555,261 |
1,092,030 |
10% |
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Revenues by Market Segment II
2014 Jan ~ Dec Revenue by Market Segment
2013 Jan ~ Dec Revenue by Market Segment
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GREEN ENERGY
COMMUNICATION 17% COMMUNICATION GREEN ENERGY
37% 43% 17%
MEDICAL HEALTH
AUTOMOTIVE MEDICAL HEALTH AUTOMOTIVE 12% INDUSTRIAL APPLICATION
11% 11% INDUSTRIAL APPLICATION 8% 20%
24%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Financial Ratio
| Ratio 2012 2013 2014 3Q |
|
|---|---|
PS1: 2014 3Q ratio has been annualized but EPS.
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- PS2: You may download completed financial statements at http://www.sinbon.com/investor relations/financial statement/
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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Financial Records
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Revenue Achievements
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Revenue
11,647,291 NTD in thousand
10,011,618 [10,555,261]
8,922,135
8,347,023
2010 2011 2012 2013 2014
PS: 2014 non-audited yet.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Profitability
NTD i n t h ousan d
NTD in thousand
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Last 5-Year Dividend Policy
20092010201120122013EPS(NT$)1.072.252.492.923.2Cash Dividend(NT$)1.001.701.702.002.50Stock Dividend(NT$)0.000.000.000.000.00SUM1.001.701.702.002.50Payout Ratio93%76%68%68%78% |
|
|---|---|
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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Business Outlook
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Business Coverage
MAGIC
Medical Green Industrial Automotive Communication Health Energy Application
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Medical Health
Application
Positron Emission Tomography
Ultrasound Equipment
Major Customers
Magnetic esonance mag ngR I i Patient Monitor
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Radiography (X-Ray)
Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
Application
Automotive
Major Customers
Automotive uA dio & Video systems
Parking Related Device
Oxygen Sensor
Car Charger - Industr ai l
EV Charger
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Green Energy
Application
Major Customers
Solar (Micro-inverter, Central inverter, DC-Converter)
Wind Turbine (Hub, Nacelle, Tower, Tower base)
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Industrial Application
Application
Major Customers
Energy Distribution
Electrical Control Industrial Cooling Cabinet System Automation and Control Nuclear Power Cabinet Sensor Control Diagnostic Equipment
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Industrial Application
Application Construction & Transportation Agriculture Equipment Marking and Image Industrial Printing Coding Equipment
Major Customers
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Industrial Application
Application
Major Customers
Semiconductor Equipment
Cradle and PDA
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Communication
Application
Major Customers
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RF Cable And Antenna For Industrial PDA/ Smart Phone/ Tablet PC/ WLAN/EReader/Gaming Machine
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.