- 1. 1 2009 2009 1Q Result Analyst Meeting 27 April 2009
2. 2 Consolidated financials are based on Statement of Financial
Accounting Standard No. 7 Consolidated numbers are reviewed by CPA
3. 3 2009 2009 First Quarter Results 4. 4 Revenues RevenuesRevenues
Unit: NT$ billion QoQ -20% YoY -24%33.5 36.2 41.0 31.9 25.6 1Q08
2Q08 3Q08 4Q08 1Q09 5. 5 (PS) 62% (IA) 5% (Others) 13% (DS) 3% (CP)
17% 4Q08 1Q09 (1) Revenues by Product (1) (1)(1) Revenues by
Product (1)Revenues by Product (1) (PS) 59% (IA) 4% (Others) 15%
(DS) 4% (CP) 18% 6. 6 (1) Revenues by Product (1) (1)(1) Revenues
by Product (1)Revenues by Product (1) 4Q08 1Q09 Change PS 18,859
15,965 -15% CP 5,580 4,431 -21% DS 1,317 717 -46% IA 1,388 1,194
-14% Others 4,775 3,280 -31% Total 31,919 25,587 -20% Unit: NT$
million 7. 7 (2) Revenues by Product (2) (2)(2) Revenues by Product
(2)Revenues by Product (2) 1Q08 1Q09 (PS) 62% (IA) 5% (Others) 13%
(DS) 3% (CP) 17% (PS) 59% (IA) 5% (Others) 13% (DS) 4% (CP) 19% 8.
8 (2) Revenues by Product (2) (2)(2) Revenues by Product
(2)Revenues by Product (2) Unit: NT$ million 1Q08 1Q09 Change PS
19,719 15,965 -19% CP 6,256 4,431 -29% DS 1,196 717 -40% IA 1,754
1,194 -32% Others 4,595 3,280 -29% Total 33,520 25,587 -24% 9. 9
Gross Profit Gross ProfitGross Profit Unit: NT$ billion & % of
sales 6.19 6.16 7.56 5.59 4.72 18.5%17.5%18.4%17.0%18.5% 1Q08 2Q08
3Q08 4Q08 1Q09 10. 10 R&D Expense R&D ExpenseR&D
Expense 1.57 1.63 1.67 1.58 1.50 4.7% 4.5% 4.1% 5.0% 5.9% 1Q08 2Q08
3Q08 4Q08 1Q09 Unit: NT$ billion & % of sales 11. 11 SG&A
Expense SG&A ExpenseSG&A Expense 1.98 2.11 2.12 1.92 1.55
5.9% 5.8% 5.2% 6.0% 6.1% 1Q08 2Q08 3Q08 4Q08 1Q09 Unit: NT$ billion
& % of sales 12. 12 Operating Expense Operating
ExpenseOperating Expense 3.55 3.74 3.79 3.51 3.05 10.6% 10.3% 9.2%
11.0% 11.9% 1Q08 2Q08 3Q08 4Q08 1Q09 Unit: NT$ billion & % of
sales 13. 13 Operating Profit Operating ProfitOperating Profit 2.64
2.42 3.77 2.08 1.67 7.9% 6.7% 9.2% 6.5% 6.5% 1Q08 2Q08 3Q08 4Q08
1Q09 Unit: NT$ billion & % of sales 14. 14 Non-Operating Profit
NonNon--Operating ProfitOperating Profit 1.35 0.87 1.09 0.40 1.04
1.3% 3.7%3.1% 2.7% 3.4% 1Q08 2Q08 3Q08 4Q08 1Q09 Unit: NT$ billion
& % of sales 15. 15 Non-Operating Income Breakdown
NonNon--Operating Income BreakdownOperating Income Breakdown 4Q08
1Q09 (Investment disposal) (179) 6 (Investment income) 114 141
(Interest income) 233 70 (Cash Dividend) 40 0 (F/X) * 172 366
(Others) 21 286 (Total) 402 869 Unit: NT$ million * * Including
FX-related derivatives fair value change 16. 16 Net Income Before
Tax Net Income Before TaxNet Income Before Tax 3.68 3.76 4.86 2.48
2.54 11.0% 10.4% 11.9% 7.8% 9.9% 1Q08 2Q08 3Q08 4Q08 1Q09 Unit: NT$
billion & % of sales 17. 17 4Q08 1Q09 (Net income before tax)
2,481 2,542 (Tax) (374) (452) (Minority interest) (357) (382) (Net
income after tax) 1,750 1,707 Tax & Minority Interest Tax &
Minority InterestTax & Minority Interest Unit: NT$ million 18.
18 Net Income After Tax Net Income After TaxNet Income After Tax
2.60 2.83 3.08 1.75 1.71 7.8% 7.8% 7.5% 6.7% 5.5% 1Q08 2Q08 3Q08
4Q08 1Q09 Unit: NT$ billion & % of sales 19. 19 1.19 1.29 1.40
0.81 0.78 1Q08 2Q08 3Q08 4Q08 1Q09 () EPS (unit: NT$) (()) EPS
(unit: NT$)EPS (unit: NT$) *21.85 *EPS based on weighted average
shares outstanding of 2,185 million shares. 20. 20 Consolidated
Balance Sheets Consolidated Balance SheetsConsolidated Balance
Sheets 1Q09 1Q08 1Q09 1Q08 (Cash & cash equivalents) 47,294
40,278 (Short-term loans) 4,850 5,874 (Receivables) 21,798 27,026
(Payables) 24,589 31,192 (Inventory) 7,405 9,912 (Total Current
Liability) 30,948 39,298 (Long-term equity investments) 7,523 6,361
(Deferred income tax) 5,548 4,826 (Fixed assets) 22,516 18,805
(Long-term debt) 68 - (Total liabilities) 38,819 45,794
(Shareholders' equity) 62,028 59,004 (Minority interest) 15,017
11,994 (Total liabilities and shareholders' equity) 115,864 116,792
-- Receivables include net accounts receivable, net accounts
receivable-related parties, other receivables, and other
receivables-related parties. - Payables include accounts payable,
accounts payable-related parties, income tax payable, accrued
expenses, and other payables. 21. 21 THANK YOU ! THANK YOU !
