- 2014 Q2 Earnings Teleconference - Richtek/media/Richtek/About Richtek... · 2015. 4. 24. · 2014...
Transcript of - 2014 Q2 Earnings Teleconference - Richtek/media/Richtek/About Richtek... · 2015. 4. 24. · 2014...
Richtek Technology Corporation - 2014 Q2 Earnings Teleconference
August 12, 2014
Lorna-Li Yao
Spokesperson
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Disclaimer
This presentation contains forward-looking statements. These forward-looking statements are
subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual
results may differ materially from those expressed or implied by these forward-looking
statements. Because of these risks, uncertainties and assumptions, the forward-looking
events and circumstances discussed in this presentation might not occur in the way we
expect, or at all. You should not place undue reliance on any forward-looking information.
In preparing the information herein, Richtek has relied upon and assumed, without
independent verification, the accuracy and completeness of all information available from
public sources or which was provided to Richtek or which was otherwise reviewed by Richtek.
Neither Richtek nor its advisors have made any representation or warranty as to the accuracy
or completeness of such information and nor do they assume any undertaking to supplement
such information as further information becomes available or in light of changing
circumstances. None of Richtek, nor any of their respective affiliates, advisers or
representatives shall have any liability whatsoever (in negligence or otherwise) for any loss
howsoever arising from any use of this presentation or its contents or otherwise arising in
connection with this presentation. Neither this presentation nor any of its contents may be
reproduced to a third party without the prior written consent of Richtek.
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About Richtek
• A professional analog IC design company
• Founded: September, 1998
• Capital: NT$1.485 Billion
• ISO 9001 Certified by RWTUV
• ISO 14001 Certified by RWTUV
• Employees: 884 (TW & W/W) by the end of June, 2014
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2014 Q2 Earnings Highlights-Consolidated
• 2014Q2 numbers are reviewed by CPA.
• Operating profit includes gains or losses from asset disposal.
* Based on 148.5 million shares.
QoQ YoY
Amount % Amount % % Amount % %
Net Sales 2,961 100.0% 2,758 100.0% 7.4% 2,792 100.0% 6.1%
Gross Profit 1,104 37.3% 1,040 37.7% 6.2% 1,090 39.0% 1.3%
Operating Expense 697 23.5% 659 23.9% 5.8% 669 24.0% 4.2%
Operating Profit 407 13.7% 381 13.8% 6.8% 421 15.1% -3.3%
Net Income before Tax 416 14.0% 405 14.7% 2.7% 433 15.5% -3.9%Net Income after Tax 349 11.8% 340 12.3% 2.6% 347 12.4% 0.6%
EPS after Tax 2.37* 2.30* 2.36*
2014Q2 2014Q1Amount:NT$ MN,
except EPS
2013Q2
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Product Categories
PMIC
• Panel
• DSC
• NC
• Handset
Power Controllers
• Linear
• ACPI
• Buck/Boost
• Multi-Phase
Power Converters
• LDO
• uLDO
• Buck/Boost
• WLED Drivers
Special Apps
• Battery Charger
• Flash Charger
• OVP IC
Companions
• FET Drivers
• USB/Power Switches
• OP Amp
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Product Applications
Computing
• TFT-LCD
• Notebook
• Desktop
• Peripheral
• VGA Card
• Workstation/Server
Consumer
• DSC
• TV
• Tablet
• Game Console
Communication
• Mobile Phone
• Networking
• Telecom
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2014 Q2 Product Portfolio
Computing = IT panels + MB + NB + VGA
Communication = Mobile + NC
Consumer = TV+ Tablets + DSC + Handheld
Others = Storage + Others
33%
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Computing = IT panels +MB+NB+VGA
Communication = Mobile + NC
Consumer = TV +Tablet + DSC + Handheld
Others = Storage + Others
Application 13Q2 13Q3 13Q4 14Q1 14Q2
Computing 42% 42% 39% 34% 33%
Communication 20% 21% 24% 27% 27%
Consumer 31% 28% 29% 30% 31%
Other 7% 9% 8% 9% 9%
Total 100% 100% 100% 100% 100%
Product Portfolio Change
Product portfolio change (13Q2~14Q2)
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2013 & 2012 Product Portfolio
22%
23%
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2014 Q3 Guidance
Consolidated revenue is expected to be
between NT$3.0 billion and NT$3.3 billion.
Consolidated gross profit margin is expected
to be between 35% and 38%.
Consolidated operating profit margin is
expected to be between 12% and 15%.
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Monthly Sales Revenue
*Revenue from 2012 onwards are on consolidated basis.
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Our Growth: Product, Technology & Market
MB/VGA
DSC
Game Console
LED Lighting
Mobile Phone
Networking
TFT-LCD
TV
6” 6”+ 8” 6”+8”+?
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Q&A