- 1. 1 2010 2010 1H Result Analyst Meeting 26 Aug 2010
2. 2 Consolidated financials are based on Statement of Financial
Accounting Standard No. 7 1H consolidated numbers are audited by
CPA 3. 3 2010 2010 Second Quarter Results 4. 4 Revenues
RevenuesRevenues Unit: NT$ billion QoQ +28% YoY +45% 29.6 34.3 36.4
33.5 42.9 2Q09 3Q09 4Q09 1Q10 2Q10 5. 5 1Q10 2Q10 (1) Revenues by
Product (1) (1)(1) Revenues by Product (1)Revenues by Product (1)
(PS) 55% (IA) 7% (Others) 16% (DS) 6% (CP) 16% (PS) 51% (IA) 8%
(Others) 15% (DS) 5% (CP) 21% 6. 6 (1) Revenues by Product (1)
(1)(1) Revenues by Product (1)Revenues by Product (1) 1Q10 2Q10
Change PS 18,340 22,055 20% CP 5,418 8,774 62% DS 2,139 1,939 -9%
IA 2,316 3,556 54% Others 5,250 6,611 26% Total 33,463 42,935 28%
Unit: NT$ million 7. 7 (2) Revenues by Product (2) (2)(2) Revenues
by Product (2)Revenues by Product (2) 2Q09 2Q10 (PS) 51% (IA) 8%
(Others) 15% (DS) 5% (CP) 21% (PS) 60% (IA) 6% (Others) 13% (DS) 4%
(CP) 17% 8. 8 (2) Revenues by Product (2) (2)(2) Revenues by
Product (2)Revenues by Product (2) Unit: NT$ million 2Q09 2Q10
Change PS 17,555 22,055 26% CP 5,408 8,774 62% DS 1,247 1,939 55%
IA 1,701 3,556 109% Others 3,716 6,611 78% Total 29,628 42,935 45%
9. 9 Gross Profit Gross ProfitGross Profit Unit: NT$ billion &
% of sales 6.20 7.73 7.71 6.99 9.38 21.9% 20.9%21.2% 22.5% 21.2%
2Q09 3Q09 4Q09 1Q10 2Q10 10. 10 R&D Expense R&D
ExpenseR&D Expense Unit: NT$ billion & % of sales 1.59 1.68
1.98 1.71 2.16 5.4% 4.9% 5.4% 5.1% 5.0% 2Q09 3Q09 4Q09 1Q10 2Q10
11. 11 SG&A Expense SG&A ExpenseSG&A Expense 2.00 2.06
2.25 2.07 2.68 6.8% 6.0% 6.2% 6.2% 6.2% 2Q09 3Q09 4Q09 1Q10 2Q10
Unit: NT$ billion & % of sales 12. 12 Operating Expense
Operating ExpenseOperating Expense 3.59 3.74 4.22 3.78 4.84 12.3%
10.9% 11.6% 11.3% 11.3% 2Q09 3Q09 4Q09 1Q10 2Q10 Unit: NT$ billion
& % of sales 13. 13 Operating Profit Operating ProfitOperating
Profit 2.61 3.99 3.48 3.21 4.54 8.9% 11.6% 9.6% 9.6% 10.6% 2Q09
3Q09 4Q09 1Q10 2Q10 Unit: NT$ billion & % of sales 14. 14
Non-Operating Profit NonNon--Operating ProfitOperating Profit 0.79
0.69 (0.52) 0.750.64 1.7% -1.4% 2.7% 1.9% 2.1% 2Q09 3Q09 4Q09 1Q10
2Q10 Unit: NT$ billion & % of sales 15. 15 Non-Operating Income
Breakdown NonNon--Operating Income BreakdownOperating Income
Breakdown 1Q10 2Q10 (Investment disposal) (4) (159) (Investment
income) 266 203 (Interest income) 75 72 (Cash Dividend) 0 23 (F/X)
* 96 179 (Others) 262 432 (Total) 695 749 Unit: NT$ million * *
Including FX-related derivatives fair value change 16. 16 Net
Income Before Tax Net Income Before TaxNet Income Before Tax 3.40
4.63 2.93 3.90 5.29 11.6% 13.5% 8.1% 11.7% 12.3% 2Q09 3Q09 4Q09
1Q10 2Q10 Unit: NT$ billion & % of sales 17. 17 2Q09 2Q10 (Net
income before tax) 3,200 5,292 (Tax) 575 61 (Loss from operations
of discontinued segments) 186 6 (Minority interest) (486) (601)
(Net income after tax) 3,475 4,758 Tax & Minority Interest Tax
& Minority InterestTax & Minority Interest Unit: NT$
million 18. 18 Net Income After Tax Net Income After TaxNet Income
After Tax 3.48 3.58 2.89 2.95 4.76 11.9% 10.4% 7.9% 11.1% 8.8% 2Q09
3Q09 4Q09 1Q10 2Q10 Unit: NT$ billion & % of sales 19. 19 1.50
1.54 1.25 1.27 2.05 2Q09 3Q09 4Q09 1Q10 2Q10 () EPS (unit: NT$)
(()) EPS (unit: NT$)EPS (unit: NT$) *23.23 *EPS based on weighted
average shares outstanding of 2,323 million shares. 20. 20 2010
2010 First Half Accumulated Results 21. 21 54.1 76.4 1H09 1H10
Revenues RevenuesRevenues Unit: NT$ billion +41% 22. 22 1H09 1H10
Revenues by Product Revenues by ProductRevenues by Product (PS) 61%
(IA) 5% (Others) 13% (DS) 4% (CP) 17% (PS) 53% (IA) 8% (Others) 15%
(DS) 5% (CP) 19% 23. 23 Revenues by Product Revenues by
ProductRevenues by Product 1H09 1H10 Change PS 33,520 40,395 21% CP
9,084 14,192 56% DS 1,964 4,078 108% IA 2,895 5,872 103% Others
6,603 11,861 80% Total 54,066 76,398 41% 24. 24 11.27 16.37
21.4%20.9% 1H09 1H10 Gross Profit Gross ProfitGross Profit Unit:
NT$ billion & % of sales 25. 25 3.04 3.87 5.6% 5.1% 1H09 1H10
R&D Expense R&D ExpenseR&D Expense Unit: NT$ billion
& % of sales 26. 26 3.52 4.75 6.5% 6.2% 1H09 1H10 SG&A
Expense SG&A ExpenseSG&A Expense Unit: NT$ billion & %
of sales 27. 27 6.56 8.62 11.3% 12.1% 1H09 1H10 Operating Expense
Operating ExpenseOperating Expense Unit: NT$ billion & % of
sales 28. 28 4.72 7.75 10.2%8.7% 1H09 1H10 Operating Profit
Operating ProfitOperating Profit Unit: NT$ billion & % of sales
29. 29 1.441.62 3.0% 1.9% 1H09 1H10 Non-Operating Profit
NonNon--Operating ProfitOperating Profit Unit: NT$ billion & %
of sales 30. 30 Non-Operating Income Breakdown NonNon--Operating
Income BreakdownOperating Income Breakdown Unit: NT$ million 1H09
1H10 (Investment disposal) (5) (163) (Investment income) 292 469
(Interest income) 194 147 (Cash Dividend) 16 23 (F/X) * 447 275
(Others) 679 694 (Total) 1,624 1,444 * * Including FX-related
derivatives fair value change 31. 31 6.34 9.20 12.0%11.7% 1H09 1H10
Unit: NT$ billion & % of sales Net Income Before Tax Net Income
Before TaxNet Income Before Tax 32. 32 Tax & Minority Interest
Tax & Minority InterestTax & Minority Interest Unit: NT$
million 1H09 1H10 (Net income before tax) 6,344 9,196 (Tax) 65
(535) (Loss from operations of discontinued segments) (358) 6
(Minority interest) (868) (962) (Net income after tax) 5,183 7,705
33. 33 5.18 7.71 10.1%9.6% 1H09 1H10 Unit: NT$ billion & % of
sales Net Income After Tax Net Income After TaxNet Income After Tax
34. 34 2.32 3.32 1H09 1H10 () EPS (unit: NT$) (()) EPS (unit:
NT$)EPS (unit: NT$) *23.23 *EPS based on weighted average shares
outstanding of 2,323 million shares. 35. 35 THANK YOU ! THANK YOU
!
