- 2014 Q2 Earnings Teleconference - Richtek/media/Richtek/About Richtek... · 2015. 4. 24. · 2014...

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Richtek Technology Corporation - 2014 Q2 Earnings Teleconference August 12, 2014 Lorna-Li Yao Spokesperson

Transcript of - 2014 Q2 Earnings Teleconference - Richtek/media/Richtek/About Richtek... · 2015. 4. 24. · 2014...

Page 1: - 2014 Q2 Earnings Teleconference - Richtek/media/Richtek/About Richtek... · 2015. 4. 24. · 2014 Q3 Guidance Consolidated revenue is expected to be between NT$3.0 billion and NT$3.3

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

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