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2015Delta Electronics, Inc.1Q 2015 Results Analyst Meeting
29 Apr 2015
Delta Confidential2
The financial numbers hereby are based on International Financial Reporting Standards (IFRS)
Cumulative consolidated numbers werereviewed by CPA
Delta Confidential3
20152015 First Quarter Results
Delta Confidential4
RevenuesUnit: NT$ billion
QoQ-13%
YoY+0%
1Q14 2Q14 3Q14 4Q14 1Q15
43.047.6 50.5 49.5
43.2
Delta Confidential5
() Revenues by Business (1)
4Q14
(Power
Electronics)
59%
(Smart
Green Life)
21%
(Energy Mgmt)
19%
(Others)
1%
(Power
Electronics)56%
(Energy Mgmt)22%
(Smart Green Life)21%
(Others)
1%
1Q15
Delta Confidential6
()Revenues by Business (1)Unit: NT$ million
4Q14 1Q15 Change(Power Electronics) 29,441 24,485 -17%(Energy Management) 9,198 9,373 2%(Smart Green Life) 10,382 8,954 -14%
Delta Confidential7
() Revenues by Business (2)
1Q14
(Power
Electronics)
61%
(Smart Green
Life)
18%
(Energy Mgmt)
18%
(Others)
3%
(Power
Electronics)56%
(Energy Mgmt)22%
(Smart Green Life)21%
(Others)
1%
1Q15
Delta Confidential8
()Revenues by Business (2)Unit: NT$ million
1Q14 1Q15 Change(Power Electronics) 26,371 24,485 -7%(Energy Management) 7,640 9,373 23%(Smart Green Life) 7,895 8,954 13%
Delta Confidential9
Gross ProfitsUnit: NT$ billion & % of sales
11.44 13.0613.77 13.23
11.23
26.6% 27.4% 27.3% 26.7% 26.0%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-15%
YoY-2%
Delta Confidential10
R&D ExpensesUnit: NT$ billion & % of sales
2.77 3.03 3.16 3.48 3.06
6.4% 6.4% 6.3% 7.0%7.1%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-12%
YoY+11%
Delta Confidential11
SG&A ExpensesUnit: NT$ billion & % of sales
3.57 4.054.35 4.27 3.90
8.3% 8.5% 8.6% 8.6% 9.0%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-9%
YoY+9%
Delta Confidential12
Operating ExpensesUnit: NT$ billion & % of sales
6.33 7.08 7.517.75 6.95
14.7% 14.9% 14.9% 15.7%16.1%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-10%
YoY+10%
Delta Confidential13
Operating ProfitsUnit: NT$ billion & % of sales
5.11 5.98 6.26 5.47 4.27 11.9% 12.6% 12.4% 11.1% 9.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-22%
YoY-16%
Delta Confidential14
Operating Profits by SectorUnit: NT$ million
1Q14 4Q14 1Q15(Power Electronics) 4,229 4,531 3,197(Energy Management) 1,306 1,462 1,641(Smart Green Life) 722 1,042 795
Delta Confidential15
Non-Operating ProfitsUnit: NT$ billion & % of sales
0.81 0.99 1.09 0.81 0.81
1.9% 2.1%2.2%
1.6%1.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ+1%
YoY+1%
Delta Confidential16
Non-Operating Incomes BreakdownUnit: NT$ million
1Q14 4Q14 1Q15(Investment disposal) (14) (99) (78)
(Investment income) 220 194 298(Interest income) 205 158 101(Others) 396 554 493(Total) 807 807 814
Delta Confidential17
Net Incomes Before TaxesUnit: NT$ billion & % of sales
5.91 6.977.35 6.28 5.08
13.7% 14.6% 14.6% 12.7% 11.8%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-19%
YoY-14%
Delta Confidential18
Taxes & Non-controling InterestsUnit: NT$ million
4Q14 1Q15(Net income before tax) 6,281 5,093(Tax) (877) (825)(Non-controling interest) (375) (402)(Net income after tax) 5,029 3,866
Delta Confidential19
Net Incomes After TaxesUnit: NT$ billion & % of sales
4.57 5.265.84 5.03
3.8710.6% 11.1% 11.6% 10.2% 8.9%
1Q14 2Q14 3Q14 4Q14 1Q15
QoQ-23%
YoY-15%
Delta Confidential20
()EPS (unit: NT$)
1Q14 2Q14 3Q14 4Q14 1Q15
1.87 2.16 2.40 2.06
1.59
*24.38*EPS based on weighted average shares outstanding of 2,438 million shares.
Delta Confidential21
6.7Cash dividend per share: NT$6.7
Proposed Earnings Distribution
Earnings Distribution
To learn more about Delta, please visit www.deltaww.com
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