4 q15 analyst meeting
TRANSCRIPT
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台達電子2015年第四季財報法人說明會 Delta Electronics, Inc. 4Q 2015 Results Analyst Meeting 11 Mar 2016
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Delta Confidential 2
• 本簡報財務數字係根據國際財務報導準則編製 The financial numbers hereby are based on International Financial Reporting Standards (IFRS)
• 合併數字係經由會計師查核簽證 Cumulative consolidated numbers were audited by CPA
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Delta Confidential 3
2015年第四季結算數字 2015 Fourth Quarter Results
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Delta Confidential 4
合併營收 Sales Revenue
單位:新台幣十億元 Unit: NT$ billion
QoQ 0%
YoY +13%
4Q14 1Q15 2Q15 3Q15 4Q15
49.5 43.2 48.7
55.9 55.7
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Delta Confidential 5
業務分類(一) Sales Revenue by Business (1)
電源及零組件 (Power
Electronics) 54%
能源管理 (Energy Mgmt) 26%
智能綠生活 (Smart Green
Life) 19%
其他 (Others)
1%
3Q15
電源及零組件 (Power
Electronics) 53%
能源管理 (Energy Mgmt) 27%
智能綠生活 (Smart Green
Life) 19%
其他 (Others)
1%
4Q15
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Delta Confidential 6
業務分類(一) Sales Revenue by Business (1)
單位:新台幣百萬元 Unit: NT$ million
3Q15 4Q15 Change電源及零組件(Power Electronics) 30,342 29,197 -4%能源管理(Energy Management) 14,541 14,851 2%智能綠生活(Smart Green Life) 10,473 10,581 1%
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Delta Confidential 7
業務分類(二) Sales Revenue by Business (2)
4Q14
電源及零組件
(Power Electronics)
59%
智能綠生活
(Smart Green Life)
21%
能源管理
(Energy Mgmt)
19%
其他
(Others)
1%
電源及零組件 (Power
Electronics) 53%
能源管理 (Energy Mgmt) 27%
智能綠生活 (Smart Green
Life) 19%
其他 (Others)
1%
4Q15
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Delta Confidential 8
業務分類(二) Sales Revenue by Business (2)
單位:新台幣百萬元 Unit: NT$ million
4Q14 4Q15 Change電源及零組件(Power Electronics) 29,441 29,197 -1%能源管理(Energy Management) 10,108 14,851 47%智能綠生活(Smart Green Life) 10,272 10,581 3%
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Delta Confidential 9
營業毛利 Gross Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
13.23 11.23 13.15 15.75 15.23
26.7% 26.0% 27.0% 28.2% 27.4%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -3%
YoY +15%
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Delta Confidential 10
研發費用 R&D Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
3.48 3.06 3.38 3.96 4.05
7.0% 7.1% 6.9% 7.1% 7.3%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ +2%
YoY +16%
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Delta Confidential 11
銷管費用 SG&A Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
4.27 3.90 5.03 5.64 5.83
8.6% 9.0% 10.3% 10.1% 10.5%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ +3%
YoY +37%
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Delta Confidential 12
總營業費用 Total Operating Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
7.75 6.96 8.41 9.61 9.89
15.7% 16.1% 17.3% 17.2% 17.8%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ +3%
YoY +28%
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Delta Confidential 13
營業淨利 Operating Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
5.47 4.27 4.74 6.15 5.34
11.1% 9.9% 9.7% 11.0% 9.6%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -13%
YoY -2%
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Delta Confidential 14
主要部門營業淨利 Operating Profit by Sector
單位:新台幣百萬元 Unit: NT$ million
4Q14 3Q15 4Q15電源及零組件(Power Electronics) 4,531 4,733 4,078能源管理(Energy Management) 1,462 1,534 1,598智能綠生活(Smart Green Life) 1,096 1,119 1,107
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Delta Confidential 15
業外損益 Non-Operating Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
0.81 0.81 0.76
1.47 1.23
1.6% 1.9% 1.6% 2.6% 2.2%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -16%
YoY +52%
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Delta Confidential 16
業外損益細項 Non-Operating Profit Breakdown
單位:新台幣百萬元 Unit: NT$ million
4Q14 3Q15 4Q15處分投資(Investment disposal) (99) 14 118投資損益(Investment income) 195 305 324利息及匯兌收益(Interest and FX income) 252 445 8其他業外損益(Others) 461 707 779合計(Total) 809 1,471 1,229
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Delta Confidential 17
稅前淨利 Profit before Income Tax
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
6.28 5.08 5.51 7.62 6.57
12.7% 11.8% 11.3% 13.6% 11.8%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -14%
YoY +5%
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Delta Confidential 18
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
8.18 7.03 7.71 9.97 8.92
16.5% 16.3% 15.8% 17.8% 16.0%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -11%
YoY +9%
息稅折舊及攤銷前利潤 EBITDA
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Delta Confidential 19
所得稅與非控制權益 Income Tax & Non-Controlling Interest
單位:新台幣百萬元 Unit: NT$ million
3Q15 4Q15稅前淨利(Profit before income tax) 7,616 6,569所得稅(Income tax) (1,488) (1,286)非控制權益(Non-controlling interest) (231) (125)稅後淨利(Net profit after tax) 5,896 5,158
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Delta Confidential 20
稅後淨利 Net Profit after Tax
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
5.03 3.87 3.79
5.90 5.16
10.2% 8.9% 7.8% 10.5% 9.3%
4Q14 1Q15 2Q15 3Q15 4Q15
QoQ -13%
YoY +3%
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Delta Confidential 21
每股淨利(新台幣元) EPS (unit: NT$)
4Q14 1Q15 2Q15 3Q15 4Q15
2.06
1.59 1.55
2.42 2.11
*每股盈餘之設算基於加權平均股數24.38億股 (註:2015/12/31在外流通股數25.98億股) *EPS based on weighted average shares outstanding of 2,438 million shares. (On Dec 31 2015, the number of outstanding shares is around 2,598 million)
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Delta Confidential 22
2015年結算數字 2015 Full-year Results
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Delta Confidential 23
合併營收 Sales Revenue
單位:新台幣十億元 Unit: NT$ billion
+7%
2014 2015
190.6 203.5
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Delta Confidential 24
業務分類 Sales Revenue by Business
2014
電源及零組件
(Power Electronics)
60%
智能綠生活
(Smart Green Life)
20%
能源管理
(Energy Mgmt)
19%
其他
(Others)
1%
2015
電源及零組件
(Power Electronics)
54%
智能綠生活
(Smart Green Life)
19%
能源管理
(Energy Mgmt)
26%
其他
(Others)
1%
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Delta Confidential 25
業務分類 Sales Revenue by Business
單位:新台幣百萬元 Unit: NT$ million
2014 2015 Change電源及零組件(Power Electronics) 114,480 109,794 -4%能源管理(Energy Management) 36,700 52,529 43%智能綠生活(Smart Green Life) 36,847 38,679 5%
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Delta Confidential 26
營業毛利 Gross Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
51.5 55.4
27.0% 27.2%
2014 2015
+8%
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Delta Confidential 27
研發費用 R&D Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
12.44 14.47
6.5% 7.1%
2014 2015
+16%
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Delta Confidential 28
銷管費用 SG&A Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
16.24 20.40
8.5% 10.0%
2014 2015
+26%
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Delta Confidential 29
總營業費用 Total Operating Expenses
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
28.68 34.87
15.0% 17.1%
2014 2015
+22%
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Delta Confidential 30
營業淨利 Operating Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
22.82 20.50 12.0% 10.1%
2014 2015
-10%
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Delta Confidential 31
主要部門營業淨利 Operating Profit by Sector
單位:新台幣百萬元 Unit: NT$ million
2014 2015電源及零組件(Power Electronics) 18,059 15,653能源管理(Energy Management) 6,074 6,289智能綠生活(Smart Green Life) 3,989 3,742
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Delta Confidential 32
業外損益 Non-Operating Profit
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
3.70 4.28
1.9% 2.1%
2014 2015
+15%
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Delta Confidential 33
業外損益細項 Non-Operating Profit Breakdown
單位:新台幣百萬元 Unit: NT$ million
2014 2015處分投資(Investment disposal) 57 (110)投資損益(Investment income) 986 1,233利息及匯兌收益(Interest and FX income) 984 765其他業外損益(Others) 1,677 2,388合計(Total) 3,704 4,276
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Delta Confidential 34
稅前淨利 Profit before Income Tax
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
26.52 24.77 13.9% 12.2%
2014 2015
-7%
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Delta Confidential 35
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
34.32 33.63
18.0% 16.5%
2014 2015
-2%
息稅折舊及攤銷前利潤 EBITDA
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Delta Confidential 36
所得稅與非控制權益 Income Tax & Non-Controlling Interest
單位:新台幣百萬元 Unit: NT$ million
2014 2015稅前淨利(Profit before Income Tax) 26,522 24,775所得稅(Income Tax) (4,203) (4,892)非控制權益(Non-controlling interest) (1,615) (1,168)稅後淨利(Net profit after tax) 20,704 18,715
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Delta Confidential 37
稅後淨利 Net Profit after Tax
單位:新台幣十億元及營收百分比 Unit: NT$ billion & % of sales
20.70 18.71 10.9% 9.2%
2014 2015
-10%
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Delta Confidential 38
每股淨利(新台幣元) EPS (unit: NT$)
*每股盈餘之設算基於加權平均股數24.38億股 (註:2015/12/31在外流通股數25.98億股) *EPS based on weighted average shares outstanding of 2,438 million shares. (On Dec 31 2015, the number of outstanding shares is around 2,598 million)
2014 2015
8.49 7.67
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Delta Confidential 39
現金股利每股5.0元 Cash dividend per share: NT$5.0
董事會建議盈餘分配 Proposed Earnings Distribution
盈餘分配 Earnings Distribution
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