2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12...

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2015 Fourth Quarter Earnings March, 2016

Transcript of 2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12...

Page 1: 2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12  · IT Hardware Product in Q4, 2015 IT Hardware Product in Q4, 2014 Notes: 1. Desktop

2015 Fourth Quarter Earnings March, 2016

Page 2: 2015 Fourth Quarter Earningsstatic.acer.com/up/Resource/AcerGroup/Investor_Relations/...2017/04/12  · IT Hardware Product in Q4, 2015 IT Hardware Product in Q4, 2014 Notes: 1. Desktop

Legal Disclaimer

The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties.

Acer’s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future, based on current available information and underlying assumptions.

Acer does not warranty their accuracy, reliability and completeness. There are a number of factors such as economic conditions, firms abilities, industry environment that could cause actual results and developments to differ materially from those expressed or implied by forward looking statements. Investors should not place undue reliance on them.

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Statements of Comprehensive Income – 4Q 2015

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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

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Statements of Comprehensive Income – Annual

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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

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Net Sales and Gross Margin Trend

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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

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Operating Income and Operating Margin Trend

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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

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Consolidated Balance Sheet

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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

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Quarterly Revenue Breakdown by Geography

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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

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Annual Revenue Breakdown by Geography

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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

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Quarterly Revenue Breakdown by Application

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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

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Annual Revenue Breakdown by Application

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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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