CyberLink_Nov 2011 (Sales)

8/3/2019 CyberLink_Nov 2011 (Sales)

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CyberLink(5203.TW)

Nov, 2011

The Innovative Solutions Provider for the Connected Digital LifestyleThe Innovative Solutions Provider for the Connected Digital Lifestyle


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Safe Harbor NoticeThe following pages may contain projections & estimates of

financial information as well as market and product developments

for future periods. These projections & estimates are based on

information currently available which we believe to be reliable,

but they involve risks & uncertainties. Our actual results of

operations & financial condition may differ significantly from

those contained in the projections & estimates. The projections& estimates should not be interpreted as legally binding

commitments, but rather as flexible information subject to

change occasionally.

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Company Fact Sheet

Product & Solution

Perspectives

Financials

Conclusion

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Outlines


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COMPANY FACT SHEET


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Mission To advance and innovate video

and audio technology for the

enjoyment of people.

CyberLink Mission

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Our Main Focus-

Digital Video and Audio Software Development

Video and Audio Technologies for Digital Entertainment

and Multimedia solutions


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CyberLink Vision

World #1 in multimedia total solution provider for

consumers and prosumers, in terms of:

Universal Player, Video Editor, Photo Editor;covering Movie/Video/Photo/Music

Enabling Connectivity/Sync/Share among PC,

devices, and cloud (DLNA & PC/Device/cloud)

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Founded in 1996

IPO in 2000

600+ people worldwide Taipei (HQ)

USA

(Santa Clara, Austin & Houston)

Japan (Tokyo) China (Beijing)

Netherlands (Vaals)

Employee & Performance

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0

1,000

2,000

3,000

4,000

5,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

Rvenue

Earning

In NT$M


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Bundling with hardware devices (B2B)About 80% of total revenues

Bundle devices

PCs/Tablets

Optical Drives

Retail sale to consumers (B2C)

20% of total revenues

Sales channels include

Web stores

Brick-and-mortar retail stores

Business Model

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CyberLink in Transformation

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B2C + B2B

After

B2B+B2CBefore

+


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Major OEM Customers

Very Strong OEM Sales Channel

1010


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CyberLink Recognized among Taiwan

Top 20 Global Brands

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For 3rd consecutive year.

As Top 15 for brand value and effective

brand management strategies.

An increase of brand value from

USD$104 million in 2010 to USD$140

million in 2011, a significant 34% growth.

Top Taiwan Global Brands Survey is conducted annually and organized by the Taiwan External

Trade Development Council (TAITRA) with help from BusinessNext and Interbrand.

http://www.brandingtaiwan.org/TopTwenty/en/Index.html


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PRODUCT & SOLUTION


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CyberLink Total Media Solution

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EditingAuthoringBurningDVD Playback Photo Editor

DVD CopyingPhotos &

slideshowsBackupRecovering Web Cam Video

Conversion

All-in-One


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CyberLink aims to provide multimedia enjoyments on PC,

Tablet, SmartPhone, etc., as well as cross-device solutions

for Connectivity/Sync/Sharing

Opportunities


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6 of CyberLink creativity products

to access the unlimited online

resources 235,000+ free effects & 106,000+

videos with project details

Close to 2,000,000 members

CyberLink Cloud Services

DirectorZone, the Most Successful Service to Creativity Users


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CyberLink Cloud Services

MOOVIELIVE, the Best Community Site to Movie Fans

Working seamlessly with PowerDVD

and allows users to build the biggest

DVD database on the web. 61,000+ movie titles in English,

Chinese, German, Japanese and

French .

Close to 710,000 members


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THE PERSPECTIVES


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Industry

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CyberLink/

Microsoft/Intel/

PC makers/etc.

Android/

Qualcomm/TI/

Tablet makers/etc.

PC Tablet

1. In 2011 it is estimated PC shipment 350M vs.

Tablet 60M (40M from iPad). Though the growth

of PC expects to slow down, PC market is still

huge compared to tablets.

2. Looking forward, both segments will continue to

grow with the boundary becoming indistinct

(largely attributable to the good design ofWindows 8 and capability of hardware vendors).

3. Players from PC domain are keen to penetrate

into the fast-growing tablet market, while

players from tablet domain are eager to enter

PC market for the magnitude and accessibility to

massive users.

4. PC and tablet will eventually integrate to

become one big market.


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Windows 8

Win 8 will be a very promising platform because:

1. It is designed to be a 100% tablet

2. It is designed to be a 100% PC

Win 8 will hopefully release PC makers constraint in Androidtablet development due to their familiarity with Windows

platform and the existing partnership with Microsoft

CyberLink is the expert in developing digital media software

onWindows platform. The launch ofWin 8 will bring verypositive impact to the company.

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Opportunities to CyberLink

whenWindows 8 starts shipping We hold the worlds leading digital media technologies and

competitiveness while most of our competitors are fading out.

If no Dolby and MPEG-2 supports onW

in 8, this will drive a bigdemand for digital media solutions from ISVs, such as CyberLink,

to fulfill the missing media experiences:

Users have to rely on ISVs solution for the missing functions

OEMs would need to bundle media software from ISVs to provide same

media experience as in Windows 7

This presents a great opportunity to CyberLink in both B2B and

B2C.

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CyberLink

Solution

bundled?

CyberLink

Solution

bundled?

CyberLink Web

Store/ Distribution

Channel for Retail

versions

CyberLink Web

Store/ Distribution

Channel for Retail

versions

OEM version with

basic features

OEM version with

basic features

B2B

B2C

Y

NUpgrade/Cross Sale:

To drive massive OEM

users to direct purchase

ofRetail versions

Opportunities in B2Band B2C

when Windows 8 starts shipping


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FINANCIALS


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Quarterly Revenue Trend

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In NT$K

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

Q1-09 Q2-09 Q3-09 Q 4-09 Q1-10 Q2-10 Q3-10 Q 4-10 Q1-11 Q2-11 Q3-11


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Consolidated Income Statement Q3-2011 Q/Q

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In NT$K Q3-2011 % Q2-2011 % Q/QNet sales 820,622 100.0% 880,488 100.0% -6.8%

Cost ofgoods Sold (2,629) 0.3% (4,859) 0.6% -45.9%

Gross Profit 817,993 99.7% 875,629 99.4% -6.6%

Operating Expense (670,226) 81.7% (694,875) 78.9% -3.5%R&D (137,221) 16.7% (147,663) 16.8% -7.1%

S&M (494,122) 60.2% (507,897) 57.7% -2.7%

G&A (38,883) 4.7% (39,316) 4.5% -1.1%

Operating Income 147,767 18.0% 180,754 20.5% -18.2%Non Operating Income 10,637 1.3% 4,254 0.5% 150.1%

Income before Tax 158,404 19.3% 185,007 21.0% -14.4%

Income after Tax 133,708 16.3% 146,174 16.6% -8.5%


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Consolidated Income Statement Q1~Q311 Y/Y

I

n NT$K

Q1~Q3

2011 %

Q1~Q3

2010 % Y/Y Net sales 2,775,841 100.0% 3,472,458 100.0% -20.1%

Cost ofgoods Sold (12,004) 0.4% (11,523) 0.3% 4.2%

Gross Profit 2,763,837 99.6% 3,460,935 99.7% -20.1%

Operating Expense (2,173,514) 78.3% (2,601,130) 74.9% -16.4%

R&D (444,204) 16.0% (511,556) 14.7% -13.2%

S&M (1,616,529) 58.2% (1,944,473) 56.0% -16.9%

G&A (112,781) 4.1% (145,101) 4.2% -22.3%

Operating Income 590,323 21.3% 859,805 24.8% -31.3%

Non Operating Income 17,056 0.6% (9,842) 0.3% 273.3%

Income before Tax 607,378 21.9% 849,963 24.5% -28.5%

Income after Tax 473,550 17.1% 634,822 18.3% -25.4%

Basic EPS before Tax (in NT$) 5.33 7.27

Basic EPSafter Tax (in NT$) 4.16 5.43


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The Completion of 20% Capital Reduction

Schedule:

Last trading date: Oct. 03, 2011

Suspend trading date: Oct.4~20, 2011

Suspend transferring date: Oct.6~20, 2011

Resume trading and refund date: Oct. 21, 2011

Total amount of capital reduction is NT$235.5 million or 23.5

million shares.

The previous outstanding capital was NT$1,177.4M. After

completion it is now NT$943.5 million.

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Persistent High Payout Policy

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in NT$ 2006 2007 2008 2009 2010

EPS 8.81 10.03 9.81 7.91 7.08

Total Dividends per Share 6.6 7.6 7.6 6.5 7.0

Payout Ratio 74.9% 75.8% 77.5% 82.2% 98.9%

Confirmed cash dividend

NT$7/share , or total

NT$824.1M for 2010

earnings.

60.0%

70.0%

80.0%

90.0%

100.0%

Y2006 Y2007 Y2008 Y2009 Y2010

Payout Ratio in 5 Years


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CONCLUSION


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Leading DigitalMedia Technologies & Total Solutions Very rich media IP pool, including 3D, Cloud services, etc.

Focus on the cutting-edge technologies and ally with global brands

Strong OEMSales Channels

OEM customer portfolio contains worldwide tier-1 PC & drive vendors

Advantageous position to introduce new products and techs

Greater bundling demands after Windows 8

Expanding CyberLinkBrand and Retail Sales

Increasing product exposures and brand awareness

Growing sales in web and retail market Robust Financial Performance

Solid financial basis and profitability

High payout ratio and high cash dividend policy

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Conclusion


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Tha

nk You!

For more information aboutFor more information about CyberLinkCyberLink::

www.CyberLink.comwww.CyberLink.com

For IR inquiries, suggestions and comments:For IR inquiries, suggestions and comments:[email protected]@cyberlink.com

CyberLink_Nov 2011 (Sales)

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