- 1. 1 2010 2010 Result Analyst Meeting 10 Mar 2011
2. 2 Consolidated financials are based on Statement of Financial
Accounting Standard No. 7 2010 2010 consolidated numbers are
audited by CPA 3. 3 2010 2010 Fourth Quarter Results 4. 4 Revenues
RevenuesRevenues Unit: NT$ billion QoQ -6% YoY +26% 36.4 33.5 42.9
49.0 45.9 4Q09 1Q10 2Q10 3Q10 4Q10 5. 5 3Q10 4Q10 (1) Revenues by
Product (1) (1)(1) Revenues by Product (1)Revenues by Product (1)
(PS) 51% (IA) 7% (Others) 18% (DS) 5% (CP) 19% (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) 3Q10 4Q10
Change PS 25,113 23,182 -8% CP 10,414 8,887 -15% DS 2,226 2,267 2%
IA 3,629 3,424 -6% Others 7,652 8,154 7% Total 49,034 45,914 -6%
Unit: NT$ million 7. 7 (2) Revenues by Product (2) (2)(2) Revenues
by Product (2)Revenues by Product (2) 4Q09 4Q10 (PS) 51% (IA) 7%
(Others) 18% (DS) 5% (CP) 19% (PS) 56% (IA) 6% (Others) 14% (DS) 7%
(CP) 17% 8. 8 (2) Revenues by Product (2) (2)(2) Revenues by
Product (2)Revenues by Product (2) Unit: NT$ million 4Q09 4Q10
Change PS 20,353 23,182 14% CP 6,207 8,887 43% DS 2,366 2,267 -4%
IA 2,277 3,424 50% Others 5,174 8,154 58% Total 36,376 45,914 26%
9. 9 Gross Profit Gross ProfitGross Profit Unit: NT$ billion &
% of sales 7.71 6.99 9.38 10.85 9.38 20.4% 22.2% 21.9% 20.9%21.2%
4Q09 1Q10 2Q10 3Q10 4Q10 10. 10 R&D Expense R&D
ExpenseR&D Expense Unit: NT$ billion & % of sales 2.61
1.711.98 2.16 2.42 5.4% 5.1% 5.0% 4.9% 5.7% 4Q09 1Q10 2Q10 3Q10
4Q10 11. 11 SG&A Expense SG&A ExpenseSG&A Expense 2.25
2.07 2.68 2.87 2.81 6.2% 6.2% 6.2% 5.9% 6.1% 4Q09 1Q10 2Q10 3Q10
4Q10 Unit: NT$ billion & % of sales 12. 12 Operating Expense
Operating ExpenseOperating Expense 4.22 3.78 4.84 5.29 5.43 11.6%
11.3% 11.3% 10.8% 11.8% 4Q09 1Q10 2Q10 3Q10 4Q10 Unit: NT$ billion
& % of sales 13. 13 Operating Profit Operating ProfitOperating
Profit 3.48 3.21 4.54 5.57 3.95 9.6% 9.6% 10.6% 11.4% 8.6% 4Q09
1Q10 2Q10 3Q10 4Q10 Unit: NT$ billion & % of sales 14. 14
Non-Operating Profit NonNon--Operating ProfitOperating Profit
(0.52) 0.770.75 0.660.69 1.4%1.7% -1.4% 2.1% 1.6% 4Q09 1Q10 2Q10
3Q10 4Q10 Unit: NT$ billion & % of sales 15. 15 Non-Operating
Income Breakdown NonNon--Operating Income BreakdownOperating Income
Breakdown 3Q10 4Q10 (Investment disposal) 6 277 (Investment income)
320 82 (Interest income) 102 100 (Cash Dividend) 88 0 (F/X) * 311
147 (Others) (56) 56 (Total) 771 662 Unit: NT$ million * *
Including FX-related derivatives fair value change 16. 16 Net
Income Before Tax Net Income Before TaxNet Income Before Tax 2.93
3.90 5.29 6.34 4.61 8.1% 11.7% 12.3% 12.9% 10.0% 4Q09 1Q10 2Q10
3Q10 4Q10 Unit: NT$ billion & % of sales 17. 17 3Q10 4Q10 (Net
income before tax) 6,338 4,612 (Tax) (858) (879) (Loss from
operations of discontinued segments) 5 (3) (Minority interest)
(823) (343) (Net income after tax) 4,661 3,388 Tax & Minority
Interest Tax & Minority InterestTax & Minority Interest
Unit: NT$ million 18. 18 Net Income After Tax Net Income After
TaxNet Income After Tax 2.89 2.95 4.76 4.66 3.39 7.9% 8.8% 11.1%
7.4%9.5% 4Q09 1Q10 2Q10 3Q10 4Q10 Unit: NT$ billion & % of
sales 19. 19 1.23 1.25 2.02 1.98 1.44 4Q09 1Q10 2Q10 3Q10 4Q10
*23.56 *EPS based on weighted average shares outstanding of 2,356
million shares. () EPS (unit: NT$) (()) EPS (unit: NT$)EPS (unit:
NT$) 20. 20 2010 2010 Full-Year Results 21. 21 124.1 171.3 2009
2010 Unit: NT$ billion Revenues RevenuesRevenues +38% 22. 22 2010
Revenues by Product Revenues by ProductRevenues by Product 2009
(PS) 52% (IA) 8% (Others) 16% (DS) 5% (CP) 19% (PS) 60% (IA) 6%
(Others) 13% (DS) 5% (CP) 16% 23. 23 Revenues by Product Revenues
by ProductRevenues by Product 2009 2010 Change PS 74,121 88,690 20%
CP 20,022 33,493 67% VD 6,112 8,571 40% IA 7,139 12,925 81% Others
16,726 27,623 65% Total 124,120 171,302 38% 24. 24 26.8 36.6
21.4%21.6% 2009 2010 Gross Profit Gross ProfitGross Profit Unit:
NT$ billion & % of sales +37% 25. 25 R&D Expense R&D
ExpenseR&D Expense Unit: NT$ billion & % of sales 8.90 6.64
5.3% 5.2% 2009 2010 26. 26 SG&A Expense SG&A
ExpenseSG&A Expense Unit: NT$ billion & % of sales 7.77
10.43 6.1%6.3% 2009 2010 27. 27 Operating Expense Operating
ExpenseOperating Expense Unit: NT$ billion & % of sales 14.4
19.3 11.3%11.6% 2009 2010 28. 28 12.4 17.3 10.1%10.0% 2009 2010
Operating Profit Operating ProfitOperating Profit Unit: NT$ billion
& % of sales +40% 29. 29 Non-Operating Profit NonNon--Operating
ProfitOperating Profit Unit: NT$ billion & % of sales 2.87 2.88
1.7%2.3% 2009 2010 30. 30 Non-Operating Income Breakdown
NonNon--Operating Income BreakdownOperating Income Breakdown Unit:
NT$ million 2009 2010 (Investment disposal) 22 120 (Investment
income) 728 871 (Interest income) 411 349 (Cash Dividend) 38 111
(F/X) * 776 733 (Others) 895 693 (Total) 2,871 2,877 * * Including
FX-related derivatives fair value change 31. 31 15.2 20.1
11.8%12.3% 2009 2010 Unit: NT$ billion & % of sales Net Income
Before Tax Net Income Before TaxNet Income Before Tax +32% 32. 32
Tax & Minority Interest Tax & Minority InterestTax &
Minority Interest Unit: NT$ million 2009 2010 (Net income before
tax) 15,231 20,146 (Tax) (839) (2,271) (Loss from operations of
discontinued segments) (1,324) 8 (Minority interest) (1,411)
(2,128) (Net income after tax) 11,657 15,754 33. 33 11.66 15.75
9.2%9.3% 2009 2010 Unit: NT$ billion & % of sales Net Income
After Tax Net Income After TaxNet Income After Tax +35% 34. 34 ()
EPS (unit: NT$) (()) EPS (unit: NT$)EPS (unit: NT$) 4.95 6.69 2009
2010 *23.56 *EPS based on weighted average shares outstanding of
2,356 million shares. 35. 35 5.2 Cash dividend per share: NT$5.2
Proposed Earnings Distribution Proposed Earnings
DistributionProposed Earnings Distribution 36. 36 THANK YOU ! THANK
YOU !
