1 Q15 analyst meeting
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Transcript of 1 Q15 analyst meeting
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2015Delta Electronics, Inc.1Q 2015 Results Analyst Meeting
29 Apr 2015
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Delta Confidential2
The financial numbers hereby are based on International Financial Reporting Standards (IFRS)
Cumulative consolidated numbers werereviewed by CPA
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Delta Confidential3
20152015 First Quarter Results
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Delta Confidential4
RevenuesUnit: NT$ billion
QoQ-13%
YoY+0%
1Q14 2Q14 3Q14 4Q14 1Q15
43.047.6 50.5 49.5
43.2
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Delta Confidential5
() Revenues by Business (1)
4Q14
(Power
Electronics)
59%
(Smart
Green Life)
21%
(Energy Mgmt)
19%
(Others)
1%
(Power
Electronics)56%
(Energy Mgmt)22%
(Smart Green Life)21%
(Others)
1%
1Q15
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Delta Confidential6
()Revenues by Business (1)Unit: NT$ million
4Q14 1Q15 Change(Power Electronics) 29,441 24,485 -17%(Energy Management) 9,198 9,373 2%(Smart Green Life) 10,382 8,954 -14%
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Delta Confidential7
() Revenues by Business (2)
1Q14
(Power
Electronics)
61%
(Smart Green
Life)
18%
(Energy Mgmt)
18%
(Others)
3%
(Power
Electronics)56%
(Energy Mgmt)22%
(Smart Green Life)21%
(Others)
1%
1Q15
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Delta Confidential8
()Revenues by Business (2)Unit: NT$ million
1Q14 1Q15 Change(Power Electronics) 26,371 24,485 -7%(Energy Management) 7,640 9,373 23%(Smart Green Life) 7,895 8,954 13%
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Delta Confidential9
Gross ProfitsUnit: NT$ billion & % of sales
11.44 13.0613.77 13.23
11.23
26.6% 27.4% 27.3% 26.7% 26.0%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-15%
YoY-2%
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Delta Confidential10
R&D ExpensesUnit: NT$ billion & % of sales
2.77 3.03 3.16 3.48 3.06
6.4% 6.4% 6.3% 7.0%7.1%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-12%
YoY+11%
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Delta Confidential11
SG&A ExpensesUnit: NT$ billion & % of sales
3.57 4.054.35 4.27 3.90
8.3% 8.5% 8.6% 8.6% 9.0%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-9%
YoY+9%
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Delta Confidential12
Operating ExpensesUnit: NT$ billion & % of sales
6.33 7.08 7.517.75 6.95
14.7% 14.9% 14.9% 15.7%16.1%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-10%
YoY+10%
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Delta Confidential13
Operating ProfitsUnit: NT$ billion & % of sales
5.11 5.98 6.26 5.47 4.27 11.9% 12.6% 12.4% 11.1% 9.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-22%
YoY-16%
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Delta Confidential14
Operating Profits by SectorUnit: NT$ million
1Q14 4Q14 1Q15(Power Electronics) 4,229 4,531 3,197(Energy Management) 1,306 1,462 1,641(Smart Green Life) 722 1,042 795
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Delta Confidential15
Non-Operating ProfitsUnit: NT$ billion & % of sales
0.81 0.99 1.09 0.81 0.81
1.9% 2.1%2.2%
1.6%1.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ+1%
YoY+1%
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Delta Confidential16
Non-Operating Incomes BreakdownUnit: NT$ million
1Q14 4Q14 1Q15(Investment disposal) (14) (99) (78)
(Investment income) 220 194 298(Interest income) 205 158 101(Others) 396 554 493(Total) 807 807 814
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Delta Confidential17
Net Incomes Before TaxesUnit: NT$ billion & % of sales
5.91 6.977.35 6.28 5.08
13.7% 14.6% 14.6% 12.7% 11.8%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-19%
YoY-14%
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Delta Confidential18
Taxes & Non-controling InterestsUnit: NT$ million
4Q14 1Q15(Net income before tax) 6,281 5,093(Tax) (877) (825)(Non-controling interest) (375) (402)(Net income after tax) 5,029 3,866
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Delta Confidential19
Net Incomes After TaxesUnit: NT$ billion & % of sales
4.57 5.265.84 5.03
3.8710.6% 11.1% 11.6% 10.2% 8.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-23%
YoY-15%
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Delta Confidential20
()EPS (unit: NT$)
1Q14 2Q14 3Q14 4Q14 1Q15
1.87 2.16 2.40 2.06
1.59
*24.38*EPS based on weighted average shares outstanding of 2,438 million shares.
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Delta Confidential21
6.7Cash dividend per share: NT$6.7
Proposed Earnings Distribution
Earnings Distribution
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To learn more about Delta, please visit www.deltaww.com
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