FY2004 and 1Q05 Financial Results May 3, 2005 2382.TW/2382 TT. Quanta Computer Inc.
-
Upload
rolf-stevens -
Category
Documents
-
view
217 -
download
0
Transcript of FY2004 and 1Q05 Financial Results May 3, 2005 2382.TW/2382 TT. Quanta Computer Inc.
FY2004 and 1Q05Financial Results
May 3, 2005
2382.TW/2382 TT Quanta Computer Inc..
Safe Harbor NoticeSafe Harbor Notice
This presentation contains forward looking statements and is subject to significant risks and uncertainties. Actual results may differ materially from those in the forward looking statements.
2
FY2004 Income Statement - YoY Comparison(Consolidated)FY2004 Income Statement - YoY Comparison(Consolidated)
FY2004 FY2003 YoY
Revenues 330,027 100% 297,966 100% 11%
Gross Profit 22,477 6.8% 21,244 7.1% 6%
Op. Profit 10,857 3.3% 12,988 4.4% -16%
Non-Op. Inc. 1,750 1,000
Pre-tax Inc. 12,607 3.8% 13,988 4.7% -10%
Net Income 11,974 3.6% 13,252 4.4% -10%
Basic EPS (NT$) 3.86 4.27
All figures in NT$MN except for per share data 3
FY2004 Income Statement - YoY Comparison(Unconsolidated)FY2004 Income Statement - YoY Comparison(Unconsolidated)
FY2004 FY2003 YoY
Revenues 324,450 100% 292,289 100% 11%
Gross Profit 16,952 5.2% 17,238 5.9% -2%
Op. Profit 7,052 2.3% 10,407 3.6% -28%
Non-Op. Inc. 4,983 3,528
Pre-tax Inc. 12,485 3.8% 13,935 4.8% -10%
Net Income 11,974 3.7% 13,252 4.5% -10%
Basic EPS (NT$) 3.86 4.27
All figures in NT$MN except for per share data 4
4Q04 Income Statement – YoY Comparison4Q04 Income Statement – YoY Comparison
4Q04 4Q03 YoY
Revenues 110,543 100% 90,077 100% 23%
Gross Profit 5,897 5.3% 4,298 4.8% 36%
Op. Profit 2,956 2.8% 2,267 2.5% 35%
Non-Op. Inc. -443 1,069
Pre-tax Inc. 2,513 2.3% 3,336 3.7% -25%
Net Income 2,918 2.6% 3,403 3.8% -14%
Basic EPS (NT$)
0.94 1.10
All figures in NT$MN except for per share data; numbers are unconsolidated 5
4Q04 Income Statement - QoQ Comparison4Q04 Income Statement - QoQ Comparison
4Q04 3Q04 QoQ
Revenues 110,543 100% 78,862 100% 40%
Gross Profit 5,897 5.8% 3,696 4.7% 60%
Op. Profit 2,956 2.8% 1,567 2.0% 96%
Non-Op. Inc. -443 1,861
Pre-tax Inc. 2,513 2.3% 3,428 4.3% -27%
Net Income 2,918 2.6% 3,092 3.9% -6%
Basic EPS (NT$)
0.94 1.00
All figures in NT$MN except for per share data; numbers are unconsolidated 6
1Q05 Income Statement – YoY Comparison1Q05 Income Statement – YoY Comparison
1Q05 1Q04 YoY
Revenues 78,921 100% 65,672 100% 20%
Gross Profit 4,890 6.2% 3,769 5.7% 29%
Op. Profit 2,444 3.1% 1,464 2.2% 67%
Non-Op. Inc. -86 1,757
Pre-tax Inc. 2,358 3.0% 3,221 4.9% -27%
Net Income 2,045 2.6% 3,010 4.6% -32%
Basic EPS (NT$) 0.66 0.97
All figures in NT$MN except for per share data; numbers are unconsolidated 7
1Q05 4Q04 QoQ
Revenues 78,921 100% 110,543 100% -29%
Gross Profit 4,890 6.2% 5,897 5.3% -17%
Op. Profit 2,444 3.1% 2,956 2.8% -20%
Non-Op. Inc. -86 -443
Pre-tax Inc. 2,358 3.0% 2,513 2.3% -6%
Net Income 2,045 2.6% 2,918 2.6% -30%
Basic EPS (NT$) 0.66 0.94
All figures in NT$MN except for per share data; numbers are unconsolidated
1Q05 Income Statement – QoQ Comparison1Q05 Income Statement – QoQ Comparison
8
1Q05 4Q04 1Q04
Net Interest Income 72 21 26 Interest Income 134 96 58
Interest Expense -62 -12 -31
Investment Income 129 -651 1,338 QDI -795 -542 876
QSI 75 83 76
Others 849 -192 386
Foreign Exchange -119 132 -58
Others -168 55 451
Total Non-Op. Income -86 -443 1,757
Net Income 2,045 2,918 3,010
All figures in NT$MN; Numbers are unconsolidated
Non-Operating Income BreakdownNon-Operating Income Breakdown
9
Balance SheetBalance Sheet
1Q05 4Q04 1Q04
Cash & ST Investments 51,749 48,745 52,755
A/R 55,219 45,534 37,685
Inventory 5,232 5,703 7,545
Total Assets 139,900 146,032 132,210
Current Liabilities 72,257 80,179 56,096
Total Liabilities 72,925 80,906 66,895
Shareholders’ Equity 66,974 65,126 65,316
All figures in NT$MN; numbers are unconsolidated 10
2005 Shipment Targets2005 Shipment Targets
11
2005E 2004A Growth
Notebook PC 14-16MN 11MN 27-45%
Handset 6-8MN 5.1MN 18-57%
Server 800-1000K 630K 27-59%
LCD TV 400-500K 220K 82-127%
Near-Term OutlookNear-Term Outlook
NB PC chipset shortage largely alleviated
OEMs eager to roll out new Alviso-based NB PCs
Expect to see sequential increase in NB PC shipments in 2Q05
Handset shipments likely to be flat QoQ in 2Q05
Server business solid
Large size LCD TV shipments picking up – seeing increased interest from OEMs
12
Dividend and Employee BonusDividend and Employee Bonus
13
Dividend 2004(To be paid out in 2005)
2003(Paid out in 2004)
Cash NT$2.5/share NT$2.0/share
Stock NT$0.5/share(50 shares issued for every 1000 shares)
NT$1.0/share(100 shares issued for every1000 shares)
Cash Payout Ratio 65% 47%
Employee Bonus
Cash NT$80MN NT$44MN
Stock 40MN Shares 40MN Shares
Annual General Shareholders’ Meeting: Monday, June 13, 2005
Investor Relations Contact DetailsInvestor Relations Contact Details
Mr. Jason Lin
(O) +886 3-327-2345 x1609
(F) +886 3-327-1511
Thank You