3Q 2012 Earning Results October 2 0 1 2
Disclaimer Chimei Innolux Corporation’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward looking statements. These forward- looking statements are not guarantees of future performance and therefore you should not place undue reliance on them. Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Page 2 Page 2
CMI with TFT Subsidiaries 3Q 2012 Income Statement - QoQ NT$ million QoQ % % % Except Per Share Data 3Q12 Revenue 2Q12 Revenue Change 15.1% Net Sales 129,552 100.0% 112,522 100.0% 9.5% Cost of Goods Sold 125,306 96.7% 114,479 101.7% - Gross Profit (Loss) 4,246 3.3% (1,957) (1.7%) 12.6% Operating Expenses 6,460 5.0% 5,738 5.1% - Operating Income (Loss) (2,214) (1.7%) (7,695) (6.8%) - Net Non-operating Income (Exp.) (1,655) (1.3%) (2,188) (1.9%) - Income (Loss) before Tax (3,869) (3.0%) (9,883) (8.8%) 31.8% EBITDA (1) 18,860 14.6% 14,314 12.7% - Net Income (Loss) (3,720) (2.9%) (9,567) (8.5%) - Net Income (Loss) - Parent (3,721) (2.9%) (9,565) (8.5%) Basic EPS (NT$) (2) (0.51) (1.35) Notes: 1. EBITDA = Operating Income + Depreciation & Amortization 2. Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares 3. Capital Stock (common): NT$79.13 billion 4. All figures are unaudited, prepared by Chimei Innolux Corporation. 5. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting . Page 3 Page 3
CMI with TFT Subsidiaries 3Q 2012 Balance Sheet NT$ million 2012.9.30 2012.6.30 2011.9.30 Cash & Short Term Investment 52,672 57,639 58,325 Inventory 50,304 61,104 65,748 Total Assets 599,093 636,783 699,355 Short Term Debt (1) 88,635 118,492 156,344 Long Term Debt (2) 199,316 205,647 187,959 Shareholders’ Equity (3) 175,134 173,961 216,878 Net Debt to Shareholders’ Equity 134.3% 153.2% 131.9% Depreciation & Amortization 21,076 22,007 24,675 Capital Expenditure 4,567 3,290 10,199 Notes : 1. Short term debt = (short-term bank loan + commercial papers + current portion of long term loan + obligations under capital leases) 2. Long term debt = (long-term bank loan + corporate bonds + preferred shares + obligations under capital leases) 3. Capital Stock (common): NT$79.13 billion; Book value per common stock: NT$ 22.13 4. All figures are unaudited, prepared by Chimei Innolux Corporation. 5. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting . Page 4 Page 4
Large-size Shipment Units and ASP Trends Unit shipment (2) ASP (1)(2) (’000) (US$) Shipment ASP 60,000 120 101 99 95 50,000 90 89 87 86 84 90 40,000 30,000 60 20,000 40,705 36,991 35,399 35,471 35,312 33,637 32,272 32,358 30 10,000 0 0 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Notes: 1. Exchange rate based on the prevailing market rate at the end of each quarter 2. All figures are unaudited, prepared by Chimei Innolux Corporation. Page 5 Page 5
Small & Medium-Size Shipment and Sales Trends Revenue (1) Unit shipment (1) (NT$ Million) (Million Units) Shipment Display Revenue Touch Revenue 20,000 400 17,949 17,989 17,155 17,103 16,922 15,431 15,043 14,063 15,000 300 16,236 11,807 11,804 10,000 200 10,799 10,641 8,472 8,017 6,237 5,000 100 123 115 110 108 101 95 95 90 0 0 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation. Page 6 Page 6
Revenue, Gross Margin, EBITDA Trends, and EPS Trends Revenue (1) Revenue EBITDA Margin Gross Margin EPS (NT$ Billion) -0.51 -1.35 -1.78 -1.75 -1.89 -2.36 -2.73 250 -3.79 14.6% 12.7% 10.0% 9.3% 9.1% 4.7% 4.4% 4.3% 200 3.3% -1.7% -5.3% -5.4% -6.2% -8.2% -9.9% -7.6% 150 100 130 130 130 124 125 122 113 109 50 0 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation. 2. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Page 7 Page 7 Innolux Corporation and these companies to avoid double-counting .
Sales Breakdown by Application TV Desktop Notebook Small & Medium Others 2% 2% 2% 3% 4% 5% 5% 4% 100% 20% 19% 23% 19% 22% 26% 24% 23% 80% 9% 6% 16% 13% 6% 12% 10% 11% 60% 30% 19% 33% 29% 24% 28% 25% 28% 40% 43% 20% 39% 39% 37% 36% 35% 35% 34% 0% 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation. Page 8 Page 8
Sales Breakdown by Size <10" 10 to <20" 20 to <30" 30 to <40" 40"+ 100% 9% 12% 14% 15% 15% 15% 16% 19% 16% 80% 11% 18% 12% 14% 15% 17% 16% 29% 27% 25% 60% 27% 24% 27% 23% 21% 40% 18% 20% 17% 22% 23% 19% 21% 23% 20% 30% 28% 27% 25% 24% 23% 23% 20% 0% 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation. Page 9 Page 9
For further information, please visit our website at: www.chimei-innolux.com Contact Investor Relations at: phone: +886 (0)6 505-3760 email:ir@chimei-innolux.com Page 10 Page 10
Recommend
More recommend
