inventeccorporation and subsidiaries 2017 first ... · inventeccorporation and subsidiaries 2017...
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Inventec Corporation and SubsidiariesInventec Corporation and Subsidiaries
2017 First Quarter Investor Conference
自主創新自主創新Rapid InnovationRapid Innovation
綠能環保綠能環保Sustainable Sustainable EnergyEnergy
雲端應用雲端應用Cloud Cloud SolutionsSolutions
移動生活移動生活Mobile Mobile LifestyleLifestyle
新興市場新興市場Emerging Emerging MarketsMarkets
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Consolidated Statements of Comprehensive IncomeConsolidated Statements of Comprehensive Income
NT$ Million QoQ%
YoY%
Sales Revenue 99,755 100.0% 113,118 100.0% -12% 95,364 100.0% 5%
Gross Profit 5,552 5.6% 6,420 5.7% -14% 5,645 5.9% -2%
Operating Expense 3,930 3.9% 4,067 3.6% -3% 3,780 4.0% 4%
2017Q1
2016Q4
2016Q1
Operating Profit 1,622 1.6% 2,353 2.1% -31% 1,865 2.0% -13%
Non Operating Income and Expenses (993) -1.0% (91) -0.1% 991% 19 0.0% -5326%
Profit Before Income Tax 629 0.6% 2,262 2.0% -72% 1,884 2.0% -67%
Profit for the Period 357 0.4% 1,626 1.4% -78% 1,365 1.4% -74%
Total Comprehensive Income (854) -0.9% 1,328 1.2% -164% 1,024 1.1% -183%
Profit Attributable to Owners of the Parent 678 0.7% 1,778 1.5% 1,231 1.3%
Non-Controlling Interest (321) -0.3% (152) -0.1% 134 0.1%
2
Non-Controlling Interest (321) (152) 134
Total Comprehensive Income Attributable to Owners of the Parent (528) -0.6% 1,483 1.3% 891 1.0%
Non-Controlling Interest (326) -0.3% (155) -0.1% 133 0.1%
EPS (NT$) 0.19 0.49 0.34
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Consolidated Sales RevenueConsolidated Sales Revenue
90%
100%
15.4% 11.8%
3.0% 2.7% 2.3% 3.4% 4.5%
Solar Related Handheld Device PC, Server
20%
30%
40%
50%
60%
70%
80%
90%
79.0% 78.1% 82.3% 84.8% 83.1%
18.0% 19.2% 15.4% 11.8% 12.4%
3
0%
10%
20%
17Q1 16Q4 16Q3 16Q2 16Q1
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Financial Trend AnalysisFinancial Trend Analysis
Sales Revenue
Unit: NT$ one hundred million
Operating Profit
Unit: NT$ one hundred million
0
200
400
600
800
1,000
1,200
998 1,131 1,117 1,083
954
Unit: NT$ one hundred million
0
5
10
15
20
25
30
35
16.2
23.5
18.8 20.9
18.6
Unit: NT$ one hundred million
4
17Q1 16Q4 16Q3 16Q2 16Q10
17Q1 16Q4 16Q3 16Q2 16Q1
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Financial Trend AnalysisFinancial Trend Analysis
Gross Profit Margin%
Operating Profit Margin%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
5.6 5.7 5.3 5.5
5.9
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
1.6
2.1
1.7 1.9 2.0
5
0.0
17Q1 16Q4 16Q3 16Q2 16Q1
0.0
17Q1 16Q4 16Q3 16Q2 16Q1
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Non-Operating Income and ExpenseNon-Operating Income and Expense
2017Q1
2016Q4
2016Q1
Other Income 280 164 329
NT$ Million
Other Gain (Loss) 142 111 62
Foreign Exchange Gain (Loss)(Realized and Unrealized) (1,208) (147) (313)
Finance Cost (192) (215) (63)
Share of the Pro fi t or Loss of Associatesand JV Accounted for Using the Equi ty (15) (4) 4
6
and JV Accounted for Using the Equi tyMethod
(15) (4) 4
(993) (91) 19Total Non-Operating Income
and Expense
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Consolidated Balance SheetsConsolidated Balance Sheets
NT$ Million 2017/3/31 2016/12/31 2016/3/31
Cash 21,090 25,973 24,596
Accounts Receivable 74,207 71,270 55,966 Accounts Receivable 74,207 71,270 55,966
Inventories 30,957 31,935 35,069
Other Current Assets 8,067 7,615 5,310
Non-Current Assets 46,119 45,580 46,813
Total Assets 180,440 182,373 167,754
Current Liabilities 114,088 115,083 95,909
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Current Liabilities 114,088 115,083 95,909
Non-Current Liabilities 6,699 6,783 8,083
Total Liabilities 120,787 121,866 103,992
Total Equity 59,653 60,507 63,762
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Financial Ratio AnalysisFinancial Ratio Analysis
% 2017/3/31 2016/12/31 2016/3/31
Current Ratio 117.7% 118.9% 126.1%
Quick Ratio 90.4% 91.0% 88.9%Quick Ratio 90.4% 91.0% 88.9%
Debt Ratio 66.9% 66.8% 62.0%
%2017Q1
2016Q4
2016Q1
ROA 1.12% 4.08% 3.32%
ROE
8
ROE 2.36% 10.88% 8.64%
Note1: Quarterly ROA and ROE have been converted into yearly values.
Note2: ROA={[Quarterly net income (loss)+Quarterly interest expense×(1-Tax rate)]/Quarterly average total assets}×4
Note3: ROE=(Quarterly net income (loss)/Quarterly net average shareholders ' equity)×4
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Shareholders' Meeting and Earning DistributionShareholders' Meeting and Earning Distribution
◎◎ 2017/03/28 2017/03/28 Board of Directors approves 2017 Annual Shareholders' MeetingBoard of Directors approves 2017 Annual Shareholders' Meeting
Date of the shareholders' meeting : at 9:00 a.m., Friday, June 16, 2017
Location for convening the shareholders‘ meeting :Location for convening the shareholders‘ meeting :
No.16, Sec. 4, Jhongshan N. Rd., Shilin District, Taipei City
(Chientan Youth Activity Center’s Chin-Kao Memorial Hall)
◎◎ 2017/04/25 2017/04/25 Board of Directors proposes Year 2016 Earnings DistributionBoard of Directors proposes Year 2016 Earnings Distribution
Cash Dividend : NT$1.45 per share
NT$ 2016 2015 2014
EPS 1.57 1.55 1.98EPS 1.57 1.55 1.98
Cash Dividend 1.45 1.40 1.75
Stock Dividend - - -
Dividend Payout Ratio 92% 90% 88%
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THANK YOU!
Questions and Answers
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