2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12...
Transcript of 2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12...
2015 Fourth Quarter Earnings March, 2016
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Statements of Comprehensive Income – 4Q 2015
2
Note: Realized Gross Profit includes warranty
QoQ
Change
Revenue 68,383 100.0% 67,239 100.0% 1.7% 85,937 100.0% -20.4%
Realized Gross Profit 6,432 9.4% 5,470 8.1% 17.6% 7,361 8.6% -12.6%
Operating Expenses 6,017 8.8% 6,336 9.4% -5.0% 6,640 7.7% -9.4%
Operating Income 449 0.7% -704 -1.0% - 814 0.9% -44.9%
Non-Operating Income -298 -0.4% 1,032 1.5% - 76 0.1% -
Profit Before Tax 151 0.2% 327 0.5% -53.8% 890 1.0% -83.0%
Profit After Tax 237 0.3% 191 0.3% 24.2% 654 0.8% -63.8%
EPS (NT$) 0.08 0.06 0.24
4Q14YoY
Change(NT$ million) 4Q15 3Q15
Statements of Comprehensive Income – Annual
3
Note: Realized Gross Profit includes warranty
Revenue 263,775 100.0% 329,684 100.0% -20.0%
Realized Gross Profit 24,884 9.4% 28,942 8.8% -14.0%
Operating Expenses 24,222 9.2% 26,567 8.1% -8.8%
Operating Income 939 0.4% 2,708 0.8% -65.3%
Non-Operating Income (92) 0.0% (93) 0.0% N.A.
Profit Before Tax 847 0.3% 2,614 0.8% -67.6%
Profit After Tax 604 0.2% 1,791 0.5% -66.3%
EPS (NT$) 0.20 0.66
(NT$ million) 2015 2014YoY
Change
Net Sales and Gross Margin Trend
4
76.7 81.3
85.7 85.9
67.9 60.2
67.2 68.4
8.3% 9.3% 9.0% 8.6%
9.8% 10.5%
8.1% 9.4%
-
20.0
40.0
60.0
80.0
100.0
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15
Net Sales Gross MarginNet Sales Unit: NT$ billion
Operating Income and Operating Margin Trend
5
127
662
1,104
814
304
890
(704)
449
0.17% 0.81% 1.29% 0.95% 0.45% 1.48% -1.05% 0.66%
(1,000)
(600)
(200)
200
600
1,000
1,400
1,800
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15
Operating Income Operating MarginOperating Income Unit: NT$ million
Consolidated Balance Sheet
6
Notes: Total outstanding common shares: 3,038,696,538 shares; Book value per share NT$ 21.7
(NT$ million)
Cash and cash equivalents 44,622 26% 36,375 21% 47,559 25%
Notes & Accounts receivable 48,226 28% 57,778 33% 59,192 31%
Inventories 34,044 20% 37,327 21% 36,600 19%
Total Current Assets 132,950 77% 137,384 78% 150,885 79%
Long-term Investment 3,316 2% 3,148 2% 4,002 2%
Property, plant and equipment 4,827 3% 4,904 3% 5,484 3%
Intangible asset 26,609 15% 26,985 15% 26,728 14%
Others 4,040 2% 4,019 2% 3,996 2%
Total Assets 171,742 100% 176,441 100% 191,095 100%
Short-term loan 10,351 6% 10,037 6% 7,552 4%
Notes & Accounts payable 42,747 25% 42,275 24% 54,838 29%
Total Current Liabilities 102,576 60% 105,375 60% 117,756 62%
Total Liabilities 105,887 62% 110,294 63% 130,465 68%
Total Shareholders' Equity 65,855 38% 66,147 37% 60,630 32%
Dec-15 Sep-15 Dec-14
Quarterly Revenue Breakdown by Geography
7
IT Hardware Product in Q4, 2015
EMEA 41%
Pan America
26%
Pan Asia Pacific
33%
NT$ 64,510 Million
EMEA Pan America Pan Asia Pacific
IT Hardware Product in Q4, 2014
EMEA 42%
Pan America
26%
Pan Asia Pacific
32%
NT$ 82,416 Million
EMEA Pan America Pan Asia Pacific
Notes: 1. Pan Asia Pacific includes Asia Pacific, Japan, Taiwan, Hong Kong, and Mainland China. 2. EMEA includes Europe, Middle East and Africa
Annual Revenue Breakdown by Geography
8
IT Hardware Product in 2015
EMEA 37%
Pan America
27%
Pan Asia Pacific 36%
NT$ 250,345 Million
EMEA Pan America Pan Asia Pacific
IT Hardware Product in 2014
EMEA 43%
Pan America
24%
Pan Asia Pacific
33%
NT$ 311,262 Million
EMEA Pan America Pan Asia Pacific
Notes: 1. Pan Asia Pacific includes Asia Pacific, Japan, Taiwan, Hong Kong, and Mainland China. 2. EMEA includes Europe, Middle East and Africa
Quarterly Revenue Breakdown by Application
9
IT Hardware Product in Q4, 2015 IT Hardware Product in Q4, 2014
Notes: 1. Desktop PC excludes displays 2. Display includes desktop monitor and projector 3. Others include servers and accessories
NB PC 57% Desktop PC
17%
Display 13%
Tablet 6%
Others 4%
Smartphone 3%
NT$ 64,510 Million
NB PC Desktop PC Display Tablet Others Smartphone
NB PC 59%
Desktop PC 17%
Display 10%
Tablet 9%
Others 3%
Smartphone 2%
NT$ 82,416 Million
NB PC Desktop PC Display Tablet Others Smartphone
Annual Revenue Breakdown by Application
10
IT Hardware Product in 2015 IT Hardware Product in 2014
Notes: 1. Desktop PC excludes displays 2. Display includes desktop monitor and projector 3. Others include servers and accessories
NB PC 58%
Desktop PC 17%
Display 13%
Tablet 6%
Others 4%
Smartphone 2%
NT$ 250,345 Million
NB PC Desktop PC Display Tablet Others Smartphone
NB PC 59%
Desktop PC 18%
Display 11%
Tablet 6%
Others 4%
Smartphone 2%
NT$ 311,262 Million
NB PC Desktop PC Display Tablet Others Smartphone
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