- 1. 1 2009 2009 1H Result Analyst Meeting 18 Aug 2009
2. 2 Consolidated financials are based on Statement of Financial
Accounting Standard No. 7 Consolidated numbers are audited by CPA
3. 3 2009 2009 Second Quarter Results 4. 4 Revenues
RevenuesRevenues Unit: NT$ billion QoQ +14% YoY -19% 36.2 41.0 31.9
25.6 29.3 2Q08 3Q08 4Q08 1Q09 2Q09 5. 5 (PS) 60% (IA) 6% (Others)
13% (DS) 4% (CP) 17% 1Q09 2Q09 (1) Revenues by Product (1) (1)(1)
Revenues by Product (1)Revenues by Product (1) (PS) 62% (IA) 5%
(Others) 13% (DS) 3% (CP) 17% 6. 6 (1) Revenues by Product (1)
(1)(1) Revenues by Product (1)Revenues by Product (1) 1Q09 2Q09
Change PS 15,965 17,555 10% CP 4,431 5,032 14% DS 717 1,247 74% IA
1,194 1,701 43% Others 3,280 3,716 13% Total 25,587 29,251 14%
Unit: NT$ million 7. 7 (2) Revenues by Product (2) (2)(2) Revenues
by Product (2)Revenues by Product (2) 2Q08 2Q09 (PS) 60% (IA) 6%
(Others) 13% (DS) 4% (CP) 17% (PS) 61% (IA) 4% (Others) 14% (DS) 3%
(CP) 18% 8. 8 (2) Revenues by Product (2) (2)(2) Revenues by
Product (2)Revenues by Product (2) Unit: NT$ million 2Q08 2Q09
Change PS 21,628 17,555 -19% CP 6,712 5,032 -25% DS 1,131 1,247 10%
IA 1,541 1,701 10% Others 5,187 3,716 -28% Total 36,199 29,251 -19%
9. 9 Gross Profit Gross ProfitGross Profit Unit: NT$ billion &
% of sales 6.16 7.56 5.59 4.72 6.20 21.2% 18.5% 17.5% 18.4% 17.0%
2Q08 3Q08 4Q08 1Q09 2Q09 10. 10 R&D Expense R&D
ExpenseR&D Expense 1.63 1.67 1.58 1.50 1.59 4.5% 4.1% 5.0% 5.9%
5.4% 2Q08 3Q08 4Q08 1Q09 2Q09 Unit: NT$ billion & % of sales
11. 11 SG&A Expense SG&A ExpenseSG&A Expense 2.11 2.12
1.92 1.55 2.00 5.8% 5.2% 6.0% 6.1% 6.8% 2Q08 3Q08 4Q08 1Q09 2Q09
Unit: NT$ billion & % of sales 12. 12 Operating Expense
Operating ExpenseOperating Expense 3.74 3.79 3.51 3.05 3.59 10.3%
9.2% 11.0% 11.9% 12.3% 2Q08 3Q08 4Q08 1Q09 2Q09 Unit: NT$ billion
& % of sales 13. 13 Operating Profit Operating ProfitOperating
Profit 2.42 3.77 2.08 1.67 2.61 6.7% 9.2% 6.5% 6.5% 8.9% 2Q08 3Q08
4Q08 1Q09 2Q09 Unit: NT$ billion & % of sales 14. 14
Non-Operating Profit NonNon--Operating ProfitOperating Profit 1.09
0.79 0.40 0.87 1.35 3.4% 2.7% 3.7% 1.3% 2.7% 2Q08 3Q08 4Q08 1Q09
2Q09 Unit: NT$ billion & % of sales 15. 15 Non-Operating Income
Breakdown NonNon--Operating Income BreakdownOperating Income
Breakdown 1Q09 2Q09 (Investment disposal) 6 (6) (Investment income)
141 151 (Interest income) 70 125 (Cash Dividend) 0 16 (F/X) * 366
81 (Others) 286 423 (Total) 869 790 Unit: NT$ million * * Including
FX-related derivatives fair value change 16. 16 Net Income Before
Tax Net Income Before TaxNet Income Before Tax 3.76 4.86 2.48 2.54
3.40 10.4% 11.9% 7.8% 9.9% 11.6% 2Q08 3Q08 4Q08 1Q09 2Q09 Unit: NT$
billion & % of sales 17. 17 1Q09 2Q09 (Net income before tax)
2,542 3,403 (Tax) (452) 559 (Minority interest) (382) (486) (Net
income after tax) 1,707 3,475 Tax & Minority Interest Tax &
Minority InterestTax & Minority Interest Unit: NT$ million 18.
18 Net Income After Tax Net Income After TaxNet Income After Tax
2.83 3.08 1.75 1.71 3.48 7.8% 7.5% 5.5% 11.9% 6.7% 2Q08 3Q08 4Q08
1Q09 2Q09 Unit: NT$ billion & % of sales 19. 19 1.27 1.37 0.78
0.76 1.56 2Q08 3Q08 4Q08 1Q09 2Q09 () EPS (unit: NT$) (()) EPS
(unit: NT$)EPS (unit: NT$) *22.32 *EPS based on weighted average
shares outstanding of 2,232 million shares. 20. 20 2009 2009 First
Half Accumulated Results 21. 21 69.7 54.8 1H08 1H09 Revenues
RevenuesRevenues Unit: NT$ billion -21% 22. 22 1H08 1H09 Revenues
by Product Revenues by ProductRevenues by Product (PS) 61% (IA) 5%
(Others) 13% (DS) 4% (CP) 17% (PS) 59% (IA) 5% (Others) 14% (DS) 3%
(CP) 19% 23. 23 Revenues by Product Revenues by ProductRevenues by
Product 1H08 1H09 Change PS 41,347 33,520 -19% CP 12,968 9,463 -27%
DS 2,327 1,964 -16% IA 3,290 2,895 -12% Others 9,787 6,996 -29%
Total 69,719 54,838 -21% 24. 24 12.57 10.92 19.9% 18.0% 1H08 1H09
Gross Profit Gross ProfitGross Profit Unit: NT$ billion & % of
sales 25. 25 3.20 3.08 4.6% 5.6% 1H08 1H09 R&D Expense R&D
ExpenseR&D Expense Unit: NT$ billion & % of sales 26. 26
4.09 3.56 5.9% 6.5% 1H08 1H09 SG&A Expense SG&A
ExpenseSG&A Expense Unit: NT$ billion & % of sales 27. 27
7.29 6.64 12.1%10.5% 1H08 1H09 Operating Expense Operating
ExpenseOperating Expense Unit: NT$ billion & % of sales 28. 28
5.28 4.29 7.8%7.6% 1H08 1H09 Operating Profit Operating
ProfitOperating Profit Unit: NT$ billion & % of sales 29. 29
1.66 2.16 3.1% 3.0% 1H08 1H09 Non-Operating Profit
NonNon--Operating ProfitOperating Profit Unit: NT$ billion & %
of sales 30. 30 Non-Operating Income Breakdown NonNon--Operating
Income BreakdownOperating Income Breakdown Unit: NT$ million 1H08
1H09 (Investment disposal) 112 0 (Investment income) 343 292
(Interest income) 480 194 (Cash Dividend) 26 16 (F/X) * 691 447
(Others) 511 709 (Total) 2,162 1,658 * * Including FX-related
derivatives fair value change 31. 31 7.45 5.94 10.8%10.7% 1H08 1H09
Unit: NT$ billion & % of sales Net Income Before Tax Net Income
Before TaxNet Income Before Tax 32. 32 Tax & Minority Interest
Tax & Minority InterestTax & Minority Interest Unit: NT$
million 1H08 1H09 (Net income before tax) 7,445 5,944 (Tax) (1,207)
107 (Minority interest) (814) (868) (Net income after tax) 5,425
5,183 33. 33 5.42 5.18 9.5% 7.8% 1H08 1H09 Unit: NT$ billion &
% of sales Net Income After Tax Net Income After TaxNet Income
After Tax 34. 34 2.43 2.32 1H08 1H09 () EPS (unit: NT$) (()) EPS
(unit: NT$)EPS (unit: NT$) *22.32 *EPS based on weighted average
shares outstanding of 2,232 million shares. 35. 35 Consolidated
Balance Sheets Consolidated Balance SheetsConsolidated Balance
Sheets 1H09 1H08 1H09 1H08 (Cash & cash equivalents) 50,162
44,743 (Short-term loans) 5,840 5,183 (Receivables) 25,931 30,583
(Payables) 35,094 45,901 (Inventory) 7,565 10,757 (Total Current
Liability) 42,379 52,466 (Long-term equity investments) 7,325 6,605
(Deferred income tax) 4,149 4,997 (Fixed assets) 21,520 19,904
(Long-term debt) 66 - (Total liabilities) 48,838 59,384
(Shareholders' equity) 57,599 49,545 (Minority interest) 14,922
12,366 (Total liabilities and shareholders' equity) 121,358 121,295
-- Receivables include net accounts receivable, net accounts
receivable-related parties, other receivables, and other
receivables-related parties. - Payables include accounts payable,
accounts payable-related parties, income tax payable, accrued
expenses, and other payables. 36. 36 THANK YOU ! THANK YOU !
