Primax Electronics Ltd. (4915) · Primax Electronics Ltd. (4915) Sean Lin Spokesperson ... Merged...
Transcript of Primax Electronics Ltd. (4915) · Primax Electronics Ltd. (4915) Sean Lin Spokesperson ... Merged...
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Listed on Taiwan Emerging Market2009 -
Founded in Taipei, Taiwan1984 -
Relist on Taiwan Stock Exchange2012 -
Delisted from Taiwan Stock Exchange
2007 -
Merged Destiny Technology Corp., a printer company
2006 -
Started European sales office1989 -
Inaugurated a new manufacturing site at Dong Guan, China
2003 -
Moved into Taipei Headquarter Building
2000 -
Merged Toptronics Industries Co., a camera maker
2001 -
Started Japanese sales office1997 -
Listed on Taiwan Stock Exchange1995 -
Started US sales office1990 -
Started manufacturing in China1989 -
MilestonesMilestones
Headquarters, Taipei, Taiwan
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18,69221,578
28,786
41,079
47,343
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2007 2008 2009 2010 2011
CAGR+26%
((in NTD M)in NTD M)
Consolidated RevenuesConsolidated Revenues Key AchievementsKey Achievements
Mouse: World No.1 PC-bundle supplierTablet: World No.1 manufacturerK+M: Total solution provider with wireless connectivityNB Keyboard Module: Enhance position in NB supply chainCamera Module: Leading supplier to smart phone and tablet makersBluetooth Headset: Leading supplier to cell phone makersScan, Print, and Software: Total solution provider
*2007 data from pro forma consolidated financials
Rapid GrowthRapid Growth Product DevelopmentProduct Development
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Global OperationsGlobal Operations
• Sales office
Finland
• Polaris Electronics Inc.(US sales office)
• Local support• Storage and distribution
USA
• Keyboard local printing• Storage and distribution
Czech Republic
• Sales office
Tokyo, Japan
• Primax headquarter• Taipei RD center
Taipei
• Factories in Dongguan• Factory in Kunshan• Factory in Chongqing• RD centers in GZ/BJ/DG• Hong Kong office
China
• Sales office
Germany
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OrganizationsOrganizations
Board of Directors
PC Peripheral
Mobile Device Accessory
Business Units Manufacturing Headquarter
Cost Accounting
Human Resource
Automation
Import and Export
Information Technology
Corporate Functions
Finance
Human Resource
Information Technology
Supply Chain Management
Engineering Service Center
COOBrian Yang
Business Equipment
Others
Technology
Network Storage
Software
Audit
ChairmanRaymond Liang
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Human ResourcesHuman Resources
Taiwan, 613
China, 15,484
Others, 16
Worldwide: 16,113
Phd & Master5%
College43%
Others52%
IDL: 4,457
• Strive to be the employer- to reward by performance
Corporate Goals Department Balanced Score Card (BSC)Performance Review and Development (PRD)
- to urge productivity improvement continuously- to encourage employees to keep learning new skills
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ProductsProducts
Remote ControllerMouse & Keyboard CameraModule
PC PeripheralDigitizer Tablet
Mobile Device Accessory
Bluetooth Audio Products
CameraModule
WirelessCharging
CellularAccessories
Scanner / ADF
Laminator Shredder
Inkjet/ Laser Printers
BusinessEquipment
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Revenues Breakdown (2011)Revenues Breakdown (2011)
PC Peripheral,47%
BusinessEquipment, 16%
Mobile DeviceAccessory, 37%
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Manufacturing FacilitiesManufacturing FacilitiesOver 21 years of manufacturing experience in China since 1989Three production base: Dong Guan, Kun Shan, Chong Qing.Total manufacturing area: 328 K M²Total manpower > 15,000
DG Plants KS PlantCQ Plant
Location: Mfg. Area:
Head count:Products:
Chong Qing12 KM2
450Keyboard module
Kun Shan, JS50 KM2
780Keyboard Module
Shi Jie, DG 266 KM2
13,000 ~ 15,000Scanner, MFP, SMT, PCBA, Camera Module, Mouse, Keyboard, Trackpad, BT Audio, Cellular Accessories, Office Equipment, Cable, Injection & tooling.
Facilities: - Class 100 clean rooms.- Surface Mounting Equipment.- Chip-on-board production lines- Cell assembly lines- Touch panel lamination - Flip-chip production lines
- Assembly lines- Silk/Tampo and laser printing
- Assembly - Silk/Tampo and laser printing
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AGENDAAGENDA
IntroductionFinancial HighlightsFinancial HighlightsCore StrengthGrowth & Opportunities
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Financial Highlights (1)Financial Highlights (1)
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(in NTD M)
2009 2010 2011 2012 1HProfitabilityRevenues 28,786 41,079 47,343 20,736 Revenues Growth 33% 43% 15% 3%Gross Profit 3,940 4,564 4,190 2,103 Gross Margin 14% 11% 9% 10%EBIT 1,312 1,646 1,148 705 EBIT Margin 5% 4% 2% 3%Pre-tax Profit 1,278 1,759 1,350 809 Net Income 1,077 1,499 1,040 668 Net Margin 4% 4% 2% 3%EPS (NT$) 2.85 3.92 2.63 1.67
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Financial Highlights (2)Financial Highlights (2)
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(in NTD M)
2009 2010 2011 2012 1HCash FlowOperating Cash Flow 2,609 1,842 2,368 789 Free Cash Flow 2,094 506 619 284Capital Expenditure 515 1,336 1,748 505
ReturnROA 8% 10% 6% 7% *ROE 57% 48% 24% 26% **annualized
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Financial Highlights (3)Financial Highlights (3)
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(in NTD M)
2009 2010 2011 2012 1HLiquidityCash & Equivalents 2,387 1,174 1,560 1,861 Working Capital 2,041 1,196 1,247 1,714 Current Ratio 120% 111% 110% 116%
Balance Sheet / SolvencyBank Debt 2,000 0 0 0Shareholders' Equity 2,383 3,814 4,893 5,334 Bank Debt to Equity 84% 0% 0% 0%Total Assets 15,628 15,767 18,346 17,320
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AGENDAAGENDA
IntroductionFinancial HighlightsCore StrengthCore StrengthGrowth & Opportunities
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Value PropositionValue Proposition
Key Components Manufacturing Brands
Application softwareSubsystemsKey modulesComponents
End products
Logistics
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Core CompetenceCore Competence
Product Design
Human/ProductInterfaceKnowhow
Firmware / Software
Competence
VolumeManufacturing Automation
ManagementSystems
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Key TechnologyKey Technology
PersonalComputing
OfficeAutomation
MobileDevice
ImagingUsability
Wireless
Electronics Optical
IndustrialDesign
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Portfolio ManagementPortfolio Management
Tablet ProductsCamera module,
accessories
Cell Phone ProductsCamera module, Bluetooth,
Cell phone accessories
Growth Engine
Printers
PC Peripheral &Office products
Cash Cow
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AGENDAAGENDA
IntroductionFinancial HighlightsCore StrengthGrowth & OpportunitiesGrowth & Opportunities
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Growth & OpportunitiesGrowth & Opportunities
Industry Trend
Cloud Computing
Mobility
Digital Home
Green
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Growth & OpportunitiesGrowth & Opportunities
Growth Drivers in 5 yearsCamera modules
Touch
Digital Home
3D
Printers
Softwares
Notebook keyboard modules
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Safe Harbor NoticeSafe Harbor NoticeWe have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.
We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.