2Q11 analyst meeting

台達電子2011年上半年財報法人說明會Delta Electronics, Inc.2011 1H Result Analyst Meeting

18 Aug 2011

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• 合併財務數字乃根據財務會計準則公報第七號編製Consolidated financials are based on Statement of Financial Accounting Standard No. 7

• 合併數字係經由會計師審核Consolidated numbers are audited by CPA

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2011年第二季結算數字2011 Second Quarter Results

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合併營收 Revenues

單位：新台幣十億元Unit: NT$ billion

QoQ +9%

YoY+2%

42.949.0 45.9 40.2 43.7

2Q10 3Q10 4Q10 1Q11 2Q11

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組織結構調整與業務重分類Reorganization & Business Breakdown

電源及零組件(Power Electronics)

交換式電源供應器、零組件、風扇與散熱(Switching Power Supply, Components, Fan and Thermal)

能源管理(Energy Management)

太陽能、風能、通訊電源、不斷電系統、工業自動化、車用電子(Solar, Wind Power, Telecom Power, UPS, IA, Auto Electronics)

智能綠生活(Smart Green Life)

視訊、LED照明、電子紙、語音辨識、雲端運算、網路通信等(Display, LED, E-paper, Voice, Cloud Computing, Networking)

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業務分類(一) Revenues by Business (1)

2Q11

電源及零組件

(Power Electronics)

63%

智能綠生活

(Smart Green Life)

15%

能源管理

(Energy Mgmt)

21%

其他

(Others)

1%

1Q11

電源及零組件

(Power Electronics)

60%

智能綠生活

(Smart Green Life)

14%

能源管理

(Energy Mgmt)

25%

其他

(Others)

1%

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業務分類(一)Revenues by Business (1)

單位：新台幣百萬元Unit: NT$ million

1Q11 2Q11 Change電源及零組件(Power Electronics) 24,069 27,439 14%能源管理(Energy Management) 10,137 9,229 -9%智能綠生活(Smart Green Life) 5,834 6,634 14%其他(Others) 198 381 92%總計(Total) 40,239 43,683 9%

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業務分類(二) Revenues by Business (2)

2Q11

電源及零組件

(Power Electronics)

63%

能源管理

(Energy Mgmt)

21%

智能綠生活

(Smart Green Life)

15%

其他

(Others)

1%

2Q10

電源及零組件

(Power Electronics)

66%

智能綠生活

(Smart Green Life)

14%

能源管理

(Energy Mgmt)

20%

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業務分類(二)Revenues by Business (2)


2Q10 2Q11 Change電源及零組件(Power Electronics) 28,275 27,439 -3%能源管理(Energy Management) 8,370 9,229 10%智能綠生活(Smart Green Life) 5,887 6,634 13%其他(Others) 351 381 8%總計(Total) 42,884 43,683 2%

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營業毛利Gross Profit

單位：新台幣十億元及營收百分比Unit: NT$ billion & % of sales

9.38 10.85 9.388.02 8.31

19.0%19.9%20.4%22.2%

21.9%

2Q10 3Q10 4Q10 1Q11 2Q11

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研發費用R&D Expense


2.432.422.162.61 2.26

5.0% 4.9%5.7% 5.6% 5.6%

2Q10 3Q10 4Q10 1Q11 2Q11

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銷管費用SG&A Expense


2.68 2.87 2.81 2.69 2.96

6.2% 5.9% 6.1% 6.7% 6.8%

2Q10 3Q10 4Q10 1Q11 2Q11

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總營業費用Operating Expense


4.84 5.29 5.43 4.95 5.38

11.3%10.8%

12.3% 12.3%11.8%

2Q10 3Q10 4Q10 1Q11 2Q11

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營業淨利Operating Profit


4.54 5.573.95

3.082.93

10.6% 11.4%8.6% 7.6% 6.7%

2Q10 3Q10 4Q10 1Q11 2Q11

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主要部門營業淨利Operating Profit by Sector


2Q10 1Q11 2Q11電源及零組件(Power Electronics) 3,288 2,327 3,091能源管理(Energy Management) 1,184 815 -14智能綠生活(Smart Green Life) 334 46 -21總計(Total) 4,805 3,188 3,055

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業外損益Non-Operating Profit


0.750.92

0.661.000.77

2.3%1.4%1.7% 1.6%

2.3%

2Q10 3Q10 4Q10 1Q11 2Q11

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業外損益細項Non-Operating Income Breakdown


1Q11 2Q11處分投資(Investment disposal) 120 37投資損益(Investment income) 89 139利息收益(Interest income) 114 134現金股利(Cash Dividend) 88 72匯兌損益(F/X) * 298 275其他業外損益(Others) 207 339

合計(Total) 916 996

* 包含外匯相關金融資產評價變更* Including FX-related derivatives’ fair value change

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稅前淨利Net Income Before Tax


5.29 6.344.61 4.00 3.93

12.3% 12.9%10.0% 9.9% 9.0%

2Q10 3Q10 4Q10 1Q11 2Q11

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所得稅與少數股權Tax & Minority Interest


1Q11 2Q11稅前淨利(Net income before tax) 3,995 3,928所得稅(Tax) (426) (1,025)少數股權淨利(Minority interest) (455) (344)稅後淨利(Net income after tax) 3,114 2,559

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稅後淨利Net Income After Tax


4.76 4.663.39 3.11

2.56

11.1% 9.5%7.4% 5.9%7.7%

2Q10 3Q10 4Q10 1Q11 2Q11

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每股淨利(新台幣元)EPS (unit: NT$)

1.98 1.941.41 1.30 1.07

2Q10 3Q10 4Q10 1Q11 2Q11

*每股盈餘之設算基於加權平均股數24.0億股*EPS based on weighted average shares outstanding of 2,400 million shares.

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2011年上半年結算數字2011 First Half Accumulated Results

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合併營收Revenues

單位：新台幣十億元Unit: NT$ billion

76.4 83.9

1H10 1H11

+10%

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業務分類Revenues by Business

1H11

電源及零組件

(Power Electronics)

61%

智能綠生活

(Smart Green Life)

15%

能源管理

(Energy Mgmt)

23%

其他

(Others)

1%

1H10

智能綠生活

(Smart Green Life)

15%

能源管理

(Energy Mgmt)

19%

其他

(Others)

1%

電源及零組件

(Power Electronics)

65%

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業務分類Revenues by Business


1H10 1H11 Change電源及零組件(Power Electronics) 49,829 51,508 3%能源管理(Energy Management) 14,376 19,366 35%智能綠生活(Smart Green Life) 11,490 12,468 9%其他(Others) 656 578 -12%總計(Total) 76,352 83,921 10%

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營業毛利Gross Profit


16.37 16.34

19.6%21.4%

1H10 1H11

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研發費用R&D Expense


3.87 4.68

5.1% 5.6%

1H10 1H11

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銷管費用SG&A Expense


4.75 5.64

6.2% 6.7%

1H10 1H11

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總營業費用Operating Expense


8.62 10.33

12.3%11.3%

1H10 1H11

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營業淨利Operating Profit


7.756.01

7.2%10.1%

1H10 1H11

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主要部門營業淨利Operating Profit by Sector


1H10 1H11電源及零組件(Power Electronics) 5,658 5,418能源管理(Energy Management) 1,830 801智能綠生活(Smart Green Life) 746 25總計(Total) 8,233 6,244

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業外損益Non-Operating Profit


1.911.44

1.9%2.3%

1H10 1H11

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業外損益細項Non-Operating Income Breakdown


1H10 1H11處分投資(Investment disposal) (163) 157投資損益(Investment income) 469 228利息收益(Interest income) 147 249現金股利(Cash Dividend) 23 160匯兌損益(F/X) * 275 572其他業外損益(Others) 694 546合計(Total) 1,444 1,912

* 包含外匯相關金融資產評價變更* Including FX-related derivatives’ fair value change

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稅前淨利Net Income Before Tax


9.207.92

9.4%12.0%

1H10 1H11

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所得稅與少數股權Tax & Minority Interest


1H10 1H11稅前淨利(Net income before tax) 9,196 7,923所得稅(Tax) (535) (1,451)停業部門損益(Loss from operations ofdiscontinued segments) 6 0少數股權淨利(Minority interest) (962) (798)稅後淨利(Net income after tax) 7,705 5,674

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稅後淨利Net Income After Tax


7.715.67

6.7%10.1%

1H10 1H11

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每股淨利(新台幣元)EPS (unit: NT$)

3.322.36

1H10 1H11*每股盈餘之設算基於加權平均股數24.0億股*EPS based on weighted average shares outstanding of 2,400 million shares.

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