Granite Microsystems Confidential Information
Advance technologies; Automate the world.
凌華科技93 年度第三季法人座談會
2004/11/03
Agenda
財務報告 財務經理 陳淑芬
公司簡報 總經理 史庭瑞 Q & A
Granite Microsystems Confidential Information
Advance technologies; Automate the world.
財務報告
These presentations and discussions contain certain These presentations and discussions contain certain forward-looking statements with respect to the results of forward-looking statements with respect to the results of operation, financial condition and current expectation about operation, financial condition and current expectation about future events. By their nature, forward-looking statements future events. By their nature, forward-looking statements involve risk and uncertainty because they relate to events involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future.and depend on circumstances that will occur in the future.
We undertake no obligation to publicly update or revise any We undertake no obligation to publicly update or revise any forward looking statements whether as a result of new forward looking statements whether as a result of new information, future events or otherwise. The actual result information, future events or otherwise. The actual result could differ materially from those anticipated in these forward could differ materially from those anticipated in these forward looking statements.looking statements.
Safe Harbor StatementSafe Harbor Statement
3Q04 Income Statement --QoQ Comparison3Q04 Income Statement --QoQ Comparison
QoQAmount % Amount % Change %
Net Sales 329.49 100.00 433.90 100.00 (24.06)
COGS 194.65 59.08 266.33 61.38 (26.91)
Gross Profit 116.95 35.49 160.17 36.91 (26.98)
Operating Expenses 71.84 21.80 87.41 20.15 (17.81)
Operating Income 45.11 13.69 72.75 16.77 (38.00)
Other Income/Expenses 8.63 2.62 (2.32) (0.53) -
Income Before Tax 53.74 16.31 70.43 16.23 (23.70)
Income Tax 5.64 1.71 7.81 1.80 (27.86)
Net Income 48.10 14.60 62.62 14.43 (23.18)
EPS(NT$) 0.8 1.0 (23.18)
3Q/2004 2Q/2004
Amount :NT$Million
註: 3Q/2004 EPS 係以截至九月底股數 63,335,707 股計算
3Q04 Income Statement-- YoY Comparison3Q04 Income Statement-- YoY Comparison
YoYAmount % Amount % Change %
Net Sales 329.49 100.00 300.08 100.00 9.80
COGS 194.65 59.08 168.10 56.02 15.80
Gross Profit 116.95 35.49 120.31 40.09 (2.79)
Operating Expenses 71.84 21.80 63.61 21.20 12.93
Operating Income 45.11 13.69 56.70 18.89 (20.44)
Other Income/Expenses 8.63 2.62 (6.01) (2.00) (243.50)
Income Before Tax 53.74 16.31 50.68 16.89 6.03
Income Tax 5.64 1.71 11.98 3.99 (52.91)
Net Income 48.10 14.60 38.71 12.90 24.27
EPS(NT$) 0.8 0.80 (0.40)
3Q/2004 3Q/2003
Amount :NT$Million
註: 3Q/2004 EPS 係以截至九月底股數 63,335,707 股計算
1-3Q 04 Income Statement-- YoY Comparison1-3Q 04 Income Statement-- YoY Comparison
YoYAmount % Amount % Change %
Net Sales 1,084.54 100.00 813.53 100.00 33.31
COGS 649.91 59.93 466.08 57.29 39.44
Gross Profit 407.80 37.60 327.23 40.22 24.62
Operating Expenses 226.08 20.85 177.24 21.79 27.56
Operating Income 181.72 16.76 150.00 18.44 21.15
Other Income/Expenses (4.07) (0.38) (9.28) (1.14) (56.14)
Income Before Tax 177.65 16.38 140.72 17.30 26.25
Income Tax 16.02 9.02 20.64 14.67 (22.36)
Net Income 161.63 14.90 120.08 14.76 34.60
Basic EPS(NT$) 2.57 2.59 (0.77)
1-3Q/2004 1-3Q/2003
Amount :NT$Million
1-3Q 04 Achievement of Financial Projection1-3Q 04 Achievement of Financial Projection
Achievement
Amount :NT$Million Amount % Projection % %
Net Sales 1,084.54 100.00 1,647.10 100.00 65.85
COGS 649.91 58.97 995.33 60.43 65.30
Gross Profit 407.80 38.52 635.30 38.57 64.19
Operating Expenses 226.08 20.43 339.12 20.59 66.67
Operating Income 181.72 18.09 296.19 17.98 61.35
Other Income/Expenses (4.07) (1.68) (21.29) (1.29) 19.12
Income Before Tax 177.65 16.41 274.89 16.69 64.62
Income Tax 16.02 8.38 31.25 1.90 51.26
Net Income 161.63 15.04 243.64 14.79 66.34
Basic EPS(NT$) 2.57 3.77 68.17
1-3Q/2004 Year 2004
3Q 04Balance Sheet & Key Ratios--QoQ Comparison3Q 04Balance Sheet & Key Ratios--QoQ Comparison
QoQ
Balance Sheet Amount % Amount % %
Total Asset 1558.581 100.00 1690.975 100.00 (7.83)
Cash & Equivalent 53.92 3.46 66.80 3.95 (19.29)
Accounts Receivable 431.02 27.65 509.38 30.12 (15.38)
Inventory 414.66 26.60 452.82 26.78 (8.43)
Total Liabilities 592.78 38.03 782.71 46.29 (24.27)
L-T Debt 221.95 14.24 226.97 13.42 (2.21)
Total Equity 965.80 61.97 908.27 53.71 6.33
Key Ratios(quarter)
ROE
ROA
Amount :NT$Million
19.92
12.34
27.58
14.81
3Q/2004 2Q/2004
1-3Q 04Balance Sheet & Key Ratios--YoY1-3Q 04Balance Sheet & Key Ratios--YoY ComparisonComparison
QoQ
Balance Sheet Amount % Amount % %
Total Asset 1558.58 100.00 1460.55 100.00 6.71
Cash & Equivalent 53.92 3.46 225.94 15.47 (76.14)
Accounts Receivable 431.02 27.65 347.89 23.82 23.89
Inventory 414.66 26.60 330.84 22.65 25.33
Total Liabilities 592.78 38.03 709.06 48.55 (16.40)
L-T Debt 221.95 14.24 250.48 17.15 (11.39)
Total Equity 965.80 61.97 751.50 51.45 28.52
Key Ratios(3/4 year)
ROE
ROA
Amount :NT$Million
22.31
13.83
21.31
10.96
1-3Q/2004 1-3Q/2003
Sales Breakdown by productSales Breakdown by product
240.07
163.20
138.63
179.82
6.0417.39
171.01174.88158.77152.95
133.27
104.26
104.74144.46147.10
154.53
16.458.909.676.476.73
-
50.00
100.00
150.00
200.00
250.00
300.00
1Q/2003 2Q/2003 3Q/2003 4Q/2003 1Q/2004 2Q/2004 3Q/2004
&量測 自動化產品 通訊暨電腦產品 Others
NT$Million
Sales Breakdown by Product--YoY comparisonSales Breakdown by Product--YoY comparison
47.34% 53.68%
50.32% 42.41%
3.92%2.33%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
1-3Q/2003 1-3Q/2004
&量測 自動化產品 通訊暨電腦產品 Others
Sales Breakdown by GeographySales Breakdown by Geography
59.29
71.07
59.3557.51
38.02
80.96
115.01119.00
150.12 153.53
176.23
163.02
47.25
73.11 69.7263.49
105.59
4.89 5.27 4.24 5.82 4.85
13.68 15.99
52.23
51.6546.41
57.54
48.8944.85
69.77
51.03
36.23
49.65
74.08
0.00
20.00
40.00
60.00
80.00
100.00
120.00
140.00
160.00
180.00
200.00
1Q/2003 2Q/2003 3Q/2003 4Q/2003 1Q/2004 2Q/2004 3Q/2004
Europe American Asia ex. China China otherNT$Million
Top 10 CustomersTop 10 Customers
Name % Name %
東捷半導體 6.2 威控自動化 2.4
ITX-EG( )日本 3.5 ECRIN( )法國 1.8
DAS( )韓國 3.2 台懋技研 1.5
萬潤科技 3.1 AMPLICON( )英國 1.4
Motorola( )美國 2.7 京元電子 1.4
註 :1~3Q/2004 子公司佔銷售額 34.10%
2004 Financial Forecast by Quarter2004 Financial Forecast by Quarter
註: EPS 係以截至九月底股數 63,335,707 股計算
Revenue & EPS
419.19
479.31
329.485
449.16
299.44
433.9
321.15
1.31
1.50
0.85
0.56
1.09
0.84
1.11
0
100
200
300
400
500
600
Q1 Q2 Q3 Q4NT$ Million
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
NT$
Forecast Actual
Granite Microsystems Confidential Information
Advance technologies; Automate the world.
公司簡報
凌華成為台灣唯一以及亞洲第一家 PXISA協會董事會企業成員暨最高等級會員 賀
2004 年中國 PICMG 技術年會
• 日期 : 2004/10/27-28
• 會場 : 北京國際飯店• 來賓 : 超過八百人出席
凌華領先全球同業研發 64 位元高效能
ATCA-8014 10U ATCA Shelf 機箱-enables 4 shelves per telecom frame-14 ATCA front boards(12 nodes+2 fabric)-200W power dissipation per slot
ATCA-6890 高效能刀片伺服器 ATCA high performance SBC-one or two next-gen Xeon processors-up to 3.2,3.46,3.5,3.67 GHz-Intel E7520 chipset-DDRII-400 up to 16GB
ATCA-3100 交換刀片ATCA Base/Fabric Interface Switch-Base Interface :1000BaseT Gigabit Ethernet-Layer 3 switching-Support for 14 node slots
Advanced TCA 產品
ITU 亞洲電信展
與 Intel 合作展出 Advanced TCA 系列新品
Co-operated
Value-Added
Trusted
Innovation- aTCA- CPCI (IXP, X86)- PXI (3U/6U)- SSC-NET
Quality- 6-Sigma- TL-9000- ISO9001/14001- DVT
Price/Performance- TWN-based Manufacturing
Support Service- Customer Feedback System- On-Time Delivery(OTD)- End of Life Management- Revision Control Management
Professional Service- Customization Service- Integration Service- Solutions Consulting
Business Alliance
凌華價值工程 - 五年成長動能
Industry Automation
Building Blocks
Industry Application
Platform Services
Alliance- Marketing- Sales/Service- Ecosystem
50M-100M
100M-300M
300M+
Milestones:
-2004 年 6 月通過設立台灣營運總部及研發中心
-2004 年 11 月 8 日在台灣轉上市
Granite Microsystems Confidential Information
Advance technologies; Automate the world.
附件
2004 年前三季應收帳款 (AR)
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2004 年 1-10 月份存貨 ( 庫存 )
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