Yageo Corporation 國巨公司

Transcription

1 Yageo Corporation 國巨公司 2019 年 1 月 1

2 免責聲明 This announcement is not, and is not intended to be, an offer of securities for sale in the United States. Securities may not be offered or sold in the United States a b s e n t r e g i s t r a t i o n or an e x e m p t i o n f r o m r e g i s t r a t i o n u n d e r the U.S. Securities Act of Any public offering of securities to be made in the United States must be made by means of a prospectus containing detailed information about the issuer of the securities and its management as well as financial statements. There is not, and is currently not intended to be, any public offering of securities by Yageo Corporation in the United States. 2

3 世界級的被動元件領導供應商 Yageo Corporation is a world leading total service provider of passive electronic components, with 38 sales/service offices in 18 countries, 19 manufacturing sites, 6 JIT logistic hubs and 14 R&D centers worldwide. Yageo offers a broad range of electronic components with resistors, capacitors, and wireless components and modules. In the recent years, Yageo s product technologies mainly focus on ultra small size, high power, high voltage, high reliability, low resistance, and low inductance. Yageo products are widely used in all kinds of electronic applications, including automotive, industrial, IoT, AR/VR, alternative energy, telecommunications, power supplies, computers and peripherals, and consumer electronics. 3

4 世界級的被動元件領導供應商 As total passive component solution provider, Yageo offers innovative global logistics, electronic data interchange, design-in services, web-based self-helped platforms, and online B2B interfaces with advanced IT solutions and other ease-of-doing-business tools. Yageo has a strong and diversified customer profile, including global leading EMS, ODM, OEM, and distributors. Yageo currently is the world No.1 in chip-resistors and No. 3 in MLCCs. With the reputable 40-year-old brand, Yageo is a truly global company with leading position in Greater China, Europe, and ASEAN. Yageo announced to acquire BrightKing Electronics, a supplier of circuit protection components, on April 27 th, 2018 and Pulse Electronics, a global comprehensive supplier of electronic components on May 22 nd,

5 世界級的被動元件領導供應商 Yageo achieved another record high revenue (as of Nov. 30 th, NTD$ billion) in 2018, much higher than previous record high in 2017 (NTD$ billion). As of December 28, 2018, its total market capitalization exceeded NTD$ 136 billion. Yageo delivered 24.59% of ROE in 2017 and achieved 53.1% of Operating Margin with EPS NT$70.29 in the first nine months of Yageo was added to MSCI Global Standard Index (MSCI Taiwan Index), effective from December 1, Yageo was added to FTSE/TWSE Taiwan 50 Index, effective from April 18, 2018 and Taiwan Dividend+ Index, effective from December 21,

6 完整產品線滿足各產業應用所需 Automotive Industrial Mobile Alternative Energy Notebook/Tablet Power Lighting Medical Home Appliances Networking Payment & Sales Yageo Passive Components 6

7 客戶涵蓋全球領導廠商 多元客戶群 U.S Europe Asia 7

8 產量位居全球前三大 Chip Resistors - Ranked No. 1 MLCCs - Ranked No. 3 8

9 3Q2018 合併營收比重 By Product By Region Wireless 0.5% Thru-hole Resistor 1% Protective 2% Others 0.5% MLCC 61% Asia/ Rest 9% Europe 11% US 3% Chip Resistor 35% Greater China 77% NT$ 30,666 M QoQ +59.3% YoY % * Above 3Q information is reviewed. 9

10 3Q2018 合併營收比重 By Channel By Segment* Automotive 10% Direct Sales 21% Telecom 25% Distributors 55% Industrial 28% EMS 24% NT$ 30,666 M QoQ +59.3% YoY % * Above 3Q information is reviewed. * Based on the company s estimation from distributor, direct sales, and EMS customers. Consumer 10% Computer 27% 10

11 1Q-3Q2018 合併營收比重 By Product By Region Wireless 1% Thru-hole Resistor 1% Others 1% Europe 10% US 2% Protective 1% MLCC 62% Asia/ Rest 9% Chip Resistor 34% Greater China 79% NT$ 60,937 M YoY % * Above 1Q-3Q information is reviewed. 11

12 1Q-3Q2018 合併營收比重 By Channel By Segment* Direct Sales 18% Automotive 11% Telecom 25% EMS 19% Industrial 30% Distributors 63% Computer 25% NT$ 60,937 M YoY % * Above 1Q-3Q information is reviewed. * Based on the company s estimation from distributor, direct sales, and EMS customers. Consumer 9% 12

13 3Q2018 合併損益表 Yageo Group Consolidate (reviewed) Amount in NTD Million Q3 / 18 Q2 / 18 Q-Q Q3 / 17 Amount % Amount % Change % Amount % Net Sales 30, , , Cost of Sales (9,414) (6,909) (5,832) Gross Profit 21, , , Operating Expenses (4,300) (1,605) -8.3 (5.7) (706) -8.4 Operating Income 16, , (0.5) 1, Non-operating Items , (11.6) Income Before Tax 17, , (12.1) 2, Income Tax (3,033) -9.9 (2,375) (255) -3.0 Net Income 14, , (9.6) 1, Minority Interest (28) (7) -0.1 Net Income (attributable to the parent) 14, , (8.8) 1, EPS EBITDA 19, , (5.4) 2, * Q-Q/Y-Y Change of Net Sales, Cost of Sales, EPS is in %, the rest of Changes is in % point. * The financial data is based on T-IFRS 13

14 1Q-3Q2018 合併損益表 Yageo Group Consolidate (reviewed) Amount in NTD Million 1Q-3Q2018 1Q-3Q2017 Y-Y Amount % Amount % Change % Net Sales 60, , Cost of Sales (21,680) (35.6) (16,328) (72.2) 32.8 Gross Profit 39, , Operating Expenses (6,901) (11.3) (2,068) (9.1) (2.2) Operating Income 32, , Non-operating Items 2, Income Before Tax 34, , Income Tax (5,307) (8.7) (641) (2.8) (5.9) Net Income 29, , Minority Interest (18) (0.1) 0.3 Net Income (attributable to the parent) 29, , EPS EBITDA 37, , * Q-Q/Y-Y Change of Net Sales, Cost of Sales, EPS is in %, the rest of Changes is in % point. * The financial data is based on T-IFRS 14

15 3Q2018 營業外收入及支出 Yageo Group Consolidate (reviewed) Amount in NTD Million Q318 Q218 Q-Q Change % Q317 Y-Y Change % Foreign Exchange Gain (Loss)-Realized (35.3) 52 (15.2) Foreign Exchange Gain (Loss)-Unrealized 457 1,069 (57.2) (87) (625.8) Market price changes--unrealized (556) 787 (170.6) 7 (8,036.5) Net Interest Income (Expense) Investment Income on Equity-Method (46.9) Other Investment Income Gain/(Loss) on Sale of Investments (1) 0 (457.3) 30 (104.2) Others ,469 (84.6) * The financial data is based on T-IFRS 15

16 3Q2018 合併資產負債表 Yageo Group Consolidate (reviewed) Amount in NTD Million Q318 Q218 Q-Q Q317 Y-Y Amount Amount Change % Amount Change % Cash and Financial Assets 36,471 35, , Notes & Accounts Receivable 30,748 20, , Inventory 7,643 7,886 (3.1) 4, Other Current Assets 2,743 2, ,864 (4.2) Long-Term Investment 17,637 20,415 (13.6) 13, Net Properties 19,408 20,015 (3.0) 14, Other Assets 6,620 6, , Total Assets 121, , , Short-Term Loans 26,993 25, , Accounts Payable 9,402 9, , Other Current Liabilities 16,450 16,923 (2.8) 5, Long-Term Loans 11,800 12,300 (4.1) 7, Other Liabilities (19.0) Total Liabilities 65,290 64, , Total Equity 55,980 47, , Total Liabilities & Equity 121, , , * The financial data is based on T-IFRS 16

17 3Q2018 合併現金流量表 Yageo Group Consolidate (reviewed) Amount in NTD Million Q318 Q218 Q-Q Q317 Y-Y Amount Amount Change % Amount Change % Net Cash Provided by (Used in) Operating Activities 10,301 7, , Net Cash Provided by (Used in) Investing Activities (1,620) (4,803) (66.3) (5,405) (70.0) Net Cash Provided by (Used in) Financing Activities (6,837) 12,251 (155.8) 2,603 (362.7) FX Difference (432) 156 (376.1) 60 (817.2) Net Increase (Decrease) in Cash and Cash Equivalents 1,412 15,122 (90.7) (701) (301.4) Cash and Cash Equivalents, Beginning of Period 35,059 19, , Cash and Cash Equivalents, End of Period 36,471 35, , * The financial data is based on T-IFRS 17

18 3Q2018 營運資金管理 Yageo Group Consolidate (reviewed) Amount in NTD Million Q318 Q218 Q-Q Change % Q317 Y-Y Change % Accounts Receivable 30,748 20, , DSO (21.8) Inventory 7,643 7,886 (3.1) 4, DOH-Total Company (27.3) DOH-R+C Finished Goods (Qty) (15.0) Accounts Payable 9,402 9, , Payable Days (7.6) Net Working Capital 28,989 18, , * The financial data is based on T-IFRS 18

19 Thank you