Primax Electronics Ltd. (4915) · Primax Electronics Ltd. (4915) Sean Lin Spokesperson ... Merged...

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-1- Primax Electronics Ltd. (4915) Sean Lin Spokesperson September , 2012

Transcript of Primax Electronics Ltd. (4915) · Primax Electronics Ltd. (4915) Sean Lin Spokesperson ... Merged...

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Primax Electronics Ltd.(4915)

Sean LinSpokesperson

September , 2012

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AGENDAAGENDA

IntroductionFinancial HighlightsCore StrengthGrowth & Opportunities

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AGENDAAGENDA

IntroductionIntroductionFinancial HighlightsCore StrengthGrowth & Opportunities

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Listed on Taiwan Emerging Market2009 -

Founded in Taipei, Taiwan1984 -

Relist on Taiwan Stock Exchange2012 -

Delisted from Taiwan Stock Exchange

2007 -

Merged Destiny Technology Corp., a printer company

2006 -

Started European sales office1989 -

Inaugurated a new manufacturing site at Dong Guan, China

2003 -

Moved into Taipei Headquarter Building

2000 -

Merged Toptronics Industries Co., a camera maker

2001 -

Started Japanese sales office1997 -

Listed on Taiwan Stock Exchange1995 -

Started US sales office1990 -

Started manufacturing in China1989 -

MilestonesMilestones

Headquarters, Taipei, Taiwan

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18,69221,578

28,786

41,079

47,343

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

2007 2008 2009 2010 2011

CAGR+26%

((in NTD M)in NTD M)

Consolidated RevenuesConsolidated Revenues Key AchievementsKey Achievements

Mouse: World No.1 PC-bundle supplierTablet: World No.1 manufacturerK+M: Total solution provider with wireless connectivityNB Keyboard Module: Enhance position in NB supply chainCamera Module: Leading supplier to smart phone and tablet makersBluetooth Headset: Leading supplier to cell phone makersScan, Print, and Software: Total solution provider

*2007 data from pro forma consolidated financials

Rapid GrowthRapid Growth Product DevelopmentProduct Development

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Global OperationsGlobal Operations

• Sales office

Finland

• Polaris Electronics Inc.(US sales office)

• Local support• Storage and distribution

USA

• Keyboard local printing• Storage and distribution

Czech Republic

• Sales office

Tokyo, Japan

• Primax headquarter• Taipei RD center

Taipei

• Factories in Dongguan• Factory in Kunshan• Factory in Chongqing• RD centers in GZ/BJ/DG• Hong Kong office

China

• Sales office

Germany

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OrganizationsOrganizations

Board of Directors

PC Peripheral

Mobile Device Accessory

Business Units Manufacturing Headquarter

Cost Accounting

Human Resource

Automation

Import and Export

Information Technology

Corporate Functions

Finance

Human Resource

Information Technology

Supply Chain Management

Engineering Service Center

COOBrian Yang

Business Equipment

Others

Technology

Network Storage

Software

Audit

ChairmanRaymond Liang

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Human ResourcesHuman Resources

Taiwan, 613

China, 15,484

Others, 16

Worldwide: 16,113

Phd & Master5%

College43%

Others52%

IDL: 4,457

• Strive to be the employer- to reward by performance

Corporate Goals Department Balanced Score Card (BSC)Performance Review and Development (PRD)

- to urge productivity improvement continuously- to encourage employees to keep learning new skills

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ProductsProducts

Remote ControllerMouse & Keyboard CameraModule

PC PeripheralDigitizer Tablet

Mobile Device Accessory

Bluetooth Audio Products

CameraModule

WirelessCharging

CellularAccessories

Scanner / ADF

Laminator Shredder

Inkjet/ Laser Printers

BusinessEquipment

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Revenues Breakdown (2011)Revenues Breakdown (2011)

PC Peripheral,47%

BusinessEquipment, 16%

Mobile DeviceAccessory, 37%

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Manufacturing FacilitiesManufacturing FacilitiesOver 21 years of manufacturing experience in China since 1989Three production base: Dong Guan, Kun Shan, Chong Qing.Total manufacturing area: 328 K M²Total manpower > 15,000

DG Plants KS PlantCQ Plant

Location: Mfg. Area:

Head count:Products:

Chong Qing12 KM2

450Keyboard module

Kun Shan, JS50 KM2

780Keyboard Module

Shi Jie, DG 266 KM2

13,000 ~ 15,000Scanner, MFP, SMT, PCBA, Camera Module, Mouse, Keyboard, Trackpad, BT Audio, Cellular Accessories, Office Equipment, Cable, Injection & tooling.

Facilities: - Class 100 clean rooms.- Surface Mounting Equipment.- Chip-on-board production lines- Cell assembly lines- Touch panel lamination - Flip-chip production lines

- Assembly lines- Silk/Tampo and laser printing

- Assembly - Silk/Tampo and laser printing

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AGENDAAGENDA

IntroductionFinancial HighlightsFinancial HighlightsCore StrengthGrowth & Opportunities

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Financial Highlights (1)Financial Highlights (1)

57

(in NTD M)

2009 2010 2011 2012 1HProfitabilityRevenues 28,786 41,079 47,343 20,736 Revenues Growth 33% 43% 15% 3%Gross Profit 3,940 4,564 4,190 2,103 Gross Margin 14% 11% 9% 10%EBIT 1,312 1,646 1,148 705 EBIT Margin 5% 4% 2% 3%Pre-tax Profit 1,278 1,759 1,350 809 Net Income 1,077 1,499 1,040 668 Net Margin 4% 4% 2% 3%EPS (NT$) 2.85 3.92 2.63 1.67

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Financial Highlights (2)Financial Highlights (2)

57

(in NTD M)

2009 2010 2011 2012 1HCash FlowOperating Cash Flow 2,609 1,842 2,368 789 Free Cash Flow 2,094 506 619 284Capital Expenditure 515 1,336 1,748 505

ReturnROA 8% 10% 6% 7% *ROE 57% 48% 24% 26% **annualized

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Financial Highlights (3)Financial Highlights (3)

57

(in NTD M)

2009 2010 2011 2012 1HLiquidityCash & Equivalents 2,387 1,174 1,560 1,861 Working Capital 2,041 1,196 1,247 1,714 Current Ratio 120% 111% 110% 116%

Balance Sheet / SolvencyBank Debt 2,000 0 0 0Shareholders' Equity 2,383 3,814 4,893 5,334 Bank Debt to Equity 84% 0% 0% 0%Total Assets 15,628 15,767 18,346 17,320

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AGENDAAGENDA

IntroductionFinancial HighlightsCore StrengthCore StrengthGrowth & Opportunities

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Value PropositionValue Proposition

Key Components Manufacturing Brands

Application softwareSubsystemsKey modulesComponents

End products

Logistics

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Core CompetenceCore Competence

Product Design

Human/ProductInterfaceKnowhow

Firmware / Software

Competence

VolumeManufacturing Automation

ManagementSystems

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Key TechnologyKey Technology

PersonalComputing

OfficeAutomation

MobileDevice

ImagingUsability

Wireless

Electronics Optical

IndustrialDesign

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Portfolio ManagementPortfolio Management

Tablet ProductsCamera module,

accessories

Cell Phone ProductsCamera module, Bluetooth,

Cell phone accessories

Growth Engine

Printers

PC Peripheral &Office products

Cash Cow

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AGENDAAGENDA

IntroductionFinancial HighlightsCore StrengthGrowth & OpportunitiesGrowth & Opportunities

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Growth & OpportunitiesGrowth & Opportunities

Industry Trend

Cloud Computing

Mobility

Digital Home

Green

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Growth & OpportunitiesGrowth & Opportunities

Growth Drivers in 5 yearsCamera modules

Touch

Digital Home

3D

Printers

Softwares

Notebook keyboard modules

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GoodManagement

SolidBusiness

Base

GrowthOpportunities

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Thanks for Your Attention

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Safe Harbor NoticeSafe Harbor NoticeWe have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.

We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.