- 1. 1 2010 2010 3Q Result Analyst Meeting 28 Oct 2010
2. 2 Consolidated financials are based on Statement of Financial
Accounting Standard No. 7 YT3Q consolidated numbers are reviewed by
CPA 3. 3 2010 2010 Third Quarter Results 4. 4 Revenues
RevenuesRevenues Unit: NT$ billion QoQ +14% YoY +43% 29.6 36.4 33.5
42.9 49.0 3Q09 4Q09 1Q10 2Q10 3Q10 5. 5 2Q10 3Q10 (1) Revenues by
Product (1) (1)(1) Revenues by Product (1)Revenues by Product (1)
(PS) 51% (IA) 8% (Others) 15% (DS) 5% (CP) 21% (PS) 51% (IA) 7%
(Others) 16% (DS) 5% (CP) 21% 6. 6 (1) Revenues by Product (1)
(1)(1) Revenues by Product (1)Revenues by Product (1) 2Q10 3Q10
Change PS 22,055 25,113 14% CP 8,774 10,414 19% DS 1,939 2,226 15%
IA 3,556 3,629 2% Others 6,611 7,611 15% Total 42,935 48,993 14%
Unit: NT$ million 7. 7 (2) Revenues by Product (2) (2)(2) Revenues
by Product (2)Revenues by Product (2) 3Q09 3Q10 (PS) 59% (IA) 6%
(Others) 13% (DS) 5% (CP) 17% (PS) 51% (IA) 7% (Others) 16% (DS) 5%
(CP) 21% 8. 8 (2) Revenues by Product (2) (2)(2) Revenues by
Product (2)Revenues by Product (2) Unit: NT$ million 3Q09 3Q10
Change PS 20,248 25,113 24% CP 5,743 10,414 81% DS 1,783 2,226 25%
IA 1,967 3,629 85% Others 4,554 7,611 67% Total 34,295 48,993 43%
9. 9 Gross Profit Gross ProfitGross Profit Unit: NT$ billion &
% of sales 7.73 7.71 6.99 9.38 10.85 22.2%21.9% 20.9% 21.2% 22.5%
3Q09 4Q09 1Q10 2Q10 3Q10 10. 10 R&D Expense R&D
ExpenseR&D Expense Unit: NT$ billion & % of sales 1.68 1.98
1.71 2.16 2.42 4.9% 5.4% 5.1% 5.0% 4.9% 3Q09 4Q09 1Q10 2Q10 3Q10
11. 11 SG&A Expense SG&A ExpenseSG&A Expense 2.06 2.25
2.07 2.68 2.87 6.0% 6.2% 6.2% 6.2% 5.9% 3Q09 4Q09 1Q10 2Q10 3Q10
Unit: NT$ billion & % of sales 12. 12 Operating Expense
Operating ExpenseOperating Expense 3.74 4.22 3.78 4.84 5.29 10.9%
11.6% 11.3% 11.3% 10.8% 3Q09 4Q09 1Q10 2Q10 3Q10 Unit: NT$ billion
& % of sales 13. 13 Operating Profit Operating ProfitOperating
Profit 3.99 3.48 3.21 4.54 5.57 11.6% 9.6% 9.6% 10.6% 11.4% 3Q09
4Q09 1Q10 2Q10 3Q10 Unit: NT$ billion & % of sales 14. 14
Non-Operating Profit NonNon--Operating ProfitOperating Profit 0.64
0.750.69 0.77 (0.52) 1.6%2.1%1.9% -1.4% 1.7% 3Q09 4Q09 1Q10 2Q10
3Q10 Unit: NT$ billion & % of sales 15. 15 Non-Operating Income
Breakdown NonNon--Operating Income BreakdownOperating Income
Breakdown 2Q10 3Q10 (Investment disposal) (159) 6 (Investment
income) 203 320 (Interest income) 72 102 (Cash Dividend) 23 88
(F/X) * 179 311 (Others) 432 (56) (Total) 749 771 Unit: NT$ million
* * Including FX-related derivatives fair value change 16. 16 Net
Income Before Tax Net Income Before TaxNet Income Before Tax 4.63
2.93 3.90 5.29 6.34 13.5% 8.1% 11.7% 12.3% 12.9% 3Q09 4Q09 1Q10
2Q10 3Q10 Unit: NT$ billion & % of sales 17. 17 3Q09 3Q10 (Net
income before tax) 4,653 6,338 (Tax) (573) (858) (Loss from
operations of discontinued segments) 5 5 (Minority interest) (501)
(823) (Net income after tax) 3,583 4,661 Tax & Minority
Interest Tax & Minority InterestTax & Minority Interest
Unit: NT$ million 18. 18 Net Income After Tax Net Income After
TaxNet Income After Tax 3.58 2.89 2.95 4.76 4.66 10.4% 7.9% 8.8%
9.5%11.1% 3Q09 4Q09 1Q10 2Q10 3Q10 Unit: NT$ billion & % of
sales 19. 19 1.53 1.23 1.26 2.03 1.99 3Q09 4Q09 1Q10 2Q10 3Q10 ()
EPS (unit: NT$) (()) EPS (unit: NT$)EPS (unit: NT$) *23.44 *EPS
based on weighted average shares outstanding of 2,344 million
shares. 20. 20 2010 2010 Year-to-3Q Accumulated Results 21. 21 88.0
125.4 YT3Q09 YT3Q10 Unit: NT$ billion Revenues RevenuesRevenues
+42% 22. 22 YT3Q10 Revenues by Product Revenues by ProductRevenues
by Product YT3Q09 (PS) 61% (IA) 6% (Others) 13% (DS) 4% (CP) 16%
(PS) 52% (IA) 8% (Others) 15% (DS) 5% (CP) 20% 23. 23 Revenues by
Product Revenues by ProductRevenues by Product YT3Q09 YT3Q10 Change
PS 53,768 65,508 22% CP 14,071 24,606 75% VD 3,748 6,304 68% IA
4,862 9,501 95% Others 11,550 19,473 69% Total 87,999 125,392 42%
24. 24 18.9 27.2 21.7%21.5% YT3Q09 YT3Q10 Gross Profit Gross
ProfitGross Profit Unit: NT$ billion & % of sales 25. 25
R&D Expense R&D ExpenseR&D Expense Unit: NT$ billion
& % of sales 4.69 6.29 5.0%5.3% YT3Q09 YT3Q10 26. 26 SG&A
Expense SG&A ExpenseSG&A Expense Unit: NT$ billion & %
of sales 5.54 7.62 6.1%6.3% YT3Q09 YT3Q10 27. 27 Operating Expense
Operating ExpenseOperating Expense Unit: NT$ billion & % of
sales 10.24 13.91 11.1%11.6% YT3Q09 YT3Q10 28. 28 8.70 13.32
10.6%9.9% YT3Q09 YT3Q10 Operating Profit Operating ProfitOperating
Profit Unit: NT$ billion & % of sales 29. 29 Non-Operating
Profit NonNon--Operating ProfitOperating Profit Unit: NT$ billion
& % of sales 2.222.30 2.6% 1.8% YT3Q09 YT3Q10 30. 30
Non-Operating Income Breakdown NonNon--Operating Income
BreakdownOperating Income Breakdown Unit: NT$ million YT3Q09 YT3Q10
(Investment disposal) 27 (157) (Investment income) 541 789
(Interest income) 312 249 (Cash Dividend) 33 111 (F/X) * 564 585
(Others) 819 637 (Total) 2,296 2,215 * * Including FX-related
derivatives fair value change 31. 31 11.00 15.53 12.4%12.5% YT3Q09
YT3Q10 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 YT3Q09 YT3Q10 (Net income before tax) 10,997
15,534 (Tax) (507) (1,393) (Loss from operations of discontinued
segments) (353) 11 (Minority interest) (1,370) (1,786) (Net income
after tax) 8,766 12,367 33. 33 8.77 12.37 9.9%10.0% YT3Q09 YT3Q10
Unit: NT$ billion & % of sales Net Income After Tax Net Income
After TaxNet Income After Tax 34. 34 () EPS (unit: NT$) (()) EPS
(unit: NT$)EPS (unit: NT$) 3.74 5.28 YT3Q09 YT3Q10 *23.44 *EPS
based on weighted average shares outstanding of 2,344 million
shares. 35. 35 THANK YOU ! THANK YOU !
