Acer 1Q12 Investor Conference. April 26 th 2012

Transcription

1 Acer 1Q12 Investor Conference April 26 th 2012

2 Legal Disclaimer The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties. Acer s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future, based on current available information and underlying assumptions. Acer does not warranty their accuracy, reliability and completeness. There are a number of factors such as economic conditions, firms abilities, industry environment that could cause actual results and developments to differ materially from those expressed or implied by forward looking statements. Investors should not place undue reliance on them.

3 Consolidated Financial Results Eva Ho CFO

4 Consolidated Income Statement (QoQ Comparison) (R.O.C. GAAP-comparison base) (NT$ mn) 1Q12 4Q11 QoQ Change Revenue 113, % 127, % -11.4% Gross Profit 10, % 11, % -9.1% Operating Expenses 10, % 11, % -9.7% Operating Income % % 67.3% Non-Operating Income PBT % % 351.0% PAT % % 251.3% EPS (NT$)

5 Consolidated Income Statement (YoY Comparison) (R.O.C. GAAP-comparison base) (NT$ mn) 1Q12 1Q11 YoY Change Revenue 113, % 127, % -11.5% Gross Profit 10, % 13, % -19.6% Operating Expenses 10, % 11, % -7.2% Operating Income % 1, % -92.8% Non-Operating Income 474 (414) PBT % 1, % -59.0% PAT % 1, % -72.1% EPS (NT$)

6 Consolidated Revenue and GM Trend 180,000 (NT$ mn) 12.0% 160, , % 120, % 100,000 80, % 60, % 40,000 20, % 0 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Revenue (LHS) 119, , , , , , , , , , , , ,039 Revenue Growth YoY -7% -5% 5% 25% 36% 26% 0% -11% -21% -32% -30% -14% -12% Gross Margin (RHS) 10.0% 10.6% 10.0% 10.2% 9.7% 10.0% 10.0% 11.4% 10.3% 3.1% 9.0% 9.1% 9.4% 0.0%

7 Consolidated Operating Income 6,000 (NT$ mn) 4.0% 4, % 2, % 0-2, % -4, % -6, % -8,000 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Op. Income (LHS) 2,571 3,043 4,754 4,972 4,385 4,138 5,291 4,389 1,929-7,087-1, Op. Margin (RHS) 2.2% 2.6% 2.8% 3.0% 2.7% 2.8% 3.2% 2.9% 1.5% -6.9% -1.1% 0.1% 0.1% -8.0%

8 Consolidated Balance Sheet (QoQ Comparison) (NT$ mn) 1Q12 4Q11 Current Assets Cash and cash equivalence 60, % 58, % Notes & Account receivable 77, % 83, % Financial Assets-Current % 1, % Inventory 43, % 39, % Others 9, % 12, % Total Current Assets 190, % 195, % Long-term Investment 3, % 3, % Property, plant and equipment, net 7, % 6, % Intangible asset 43, % 35, % Others 6, % 6, % Total Asset 252, % 248, % Short-term borrowings % % Account payable 83, % 84, % Other current liabilities 61, % 61, % Total Current Liabilities 145, % 146, % Long-term Debt 26, % 26, % Total Liabilities 172, % 172, % Total Shareholders' Equity 79, % 75, %

9 Consolidated Balance Sheet (YoY Comparison) (NT$ mn) 1Q12 1Q11 Current Assets Cash and cash equivalence 60, % 50, % Notes & Account receivable 77, % 109, % Financial Assets-Current % % Inventory 43, % 38, % Others 9, % 14, % Total Current Assets 190, % 213, % Long-term Investment 3, % 6, % Property, plant and equipment, net 7, % 6, % Intangible asset 43, % 36, % Others 6, % 5, % Total Asset 252, % 268, % Short-term borrowings % 7, % Account payable 83, % 75, % Other current liabilities 61, % 63, % Total Current Liabilities 145, % 146, % Long-term Debt 26, % 24, % Total Liabilities 172, % 171, % Total Shareholders' Equity 79, % 96, %

10 IT Product Revenue Breakdown by Geography Q1, 2012 Q1, 2011 NT$110,320 M NT$123,987 M 15% 14% 2% 37% 2% 38% 20% 19% 26% EMEA Pan America Asia Pacific Taiwan China Note: (a) Asia Pacific excluding Greater China (Taiwan, HK, and Mainland China) (b) EMEA stands for Europe, Middle East and Africa 27% EMEA Asia Pacific China Pan America Taiwan

11 IT Product Revenue Breakdown Q1, 2012 Q1, 2011 NT$110,320 M NT$123,987 M 9% 6% 11% 5% 18% 18% 67% 66% Notebook Desktop PC Notebook Desktop PC Display Others Display Others Note: Others include tablets, servers, projector and IA products

12 Business Review Jim Wong Corporate President

13 Q1 Performance in Summary GUIDANCE RESULT PC Shipments -10% to -15% QoQ Reached better than -10% QoQ Operating Income 1) better than breakeven 2) improvement from last quarter Reached NT$138mn vs. NT$82mn in 4Q11 Channel Inventory Continous management Complied with Acer s target : 4-6 weeks PC Market Share Gradual recovery Met the guidance

14 Industry Outlook Windows 8 will change the supply chain: Touch sensors and glass Lithium polymer battery DRAM, both technology and on board Storages Enclosures Applications(e.g. touch apps) and solutions(e.g. all YOUR data) Android: Not only smartphones, tablet continues to grow too, with good continuous innovation

15 Acer Strategy and Action J.T. Wang Chairman & CEO

16 Acer believes Ultrabook is the new trend Acer delivers 4 models from Q2 12 Ultrabooks (2Q12) Aspire S3 Aspire S5 Aspire Timeline Ultra 14" Aspire Timeline Ultra 15" Screen size 13" 13" 14" 15" Acer s Q2 12 Ultrabook shipments will be more than double from Q1 12 quantity.

17 25-35% penetration rate will be possible with a delay of 1-2 quarters 1. More brand companies will launch various new Ultrabook models. 2. Industry s marketing efforts keep increasing. 3. Most new notebooks with Windows 8 will be within the Ultrabook specifications in 2H 12.

18 Acer commits to maintain the leadership in the Ultrabook market More form factors More new innovations Time to market leadership

19 Thank You This document is the intellectual property of Acer Inc, and was created for demonstration purposes only. It may not be modified, organized or re-utilized in any way without the express written permission of the rightful owner.