4q11 analyst meeting

台達電子2011年財報法人說明會Delta Electronics, Inc.2011 Result Analyst Meeting

20 Mar 2012

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• 合併財務數字乃根據財務會計準則公報第七號編製Consolidated financials are based on Statement of Financial Accounting Standard No. 7

• 年度合併數字係經由會計師審核Full-year consolidated numbers were audited by CPA

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2011年第四季結算數字2011 Fourth Quarter Results

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合併營收 Revenues

單位：新台幣十億元Unit: NT$ billion

QoQ -2%

YoY-5%

49.040.2 43.7 44.6 43.6

4Q10 1Q11 2Q11 3Q11 4Q11

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業務分類(一) Revenues by Business (1)

4Q11

電源及零組件

(Power Electronics)

62%

智能綠生活

(Smart Green Life)

18%

能源管理

(Energy Mgmt)

18%

其他

(Others)

2%

3Q11

電源及零組件

(Power Electronics)

64%

智能綠生活

(Smart Green Life)

17%

能源管理

(Energy Mgmt)

18%

其他

(Others)

<1%

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業務分類(一)Revenues by Business (1)

單位：新台幣百萬元Unit: NT$ million

3Q11 4Q11 Change電源及零組件(Power Electronics) 28,675 26,903 -6%能源管理(Energy Management) 8,121 7,943 -2%智能綠生活(Smart Green Life) 7,623 8,069 6%其他(Others) 133 667 402%總計(Total) 44,552 43,583 -2%

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業務分類(二) Revenues by Business (2)

電源及零組件

(Power Electronics)

61%

智能綠生活

(Smart Green Life)

14%

能源管理

(Energy Mgmt)

25%

其他

(Others)

<1%

4Q10 4Q11

電源及零組件

(Power Electronics)

62%

智能綠生活

(Smart Green Life)

18%

能源管理

(Energy Mgmt)

18%

其他

(Others)

2%

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業務分類(二)Revenues by Business (2)


4Q10 4Q11 Change電源及零組件(Power Electronics) 27,825 26,903 -3%能源管理(Energy Management) 11,249 7,943 -29%智能綠生活(Smart Green Life) 6,547 8,069 23%其他(Others) 293 667 128%總計(Total) 45,914 43,583 -5%

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營業毛利Gross Profit

單位：新台幣十億元及營收百分比Unit: NT$ billion & % of sales

9.38 8.02 8.31 8.57 7.87

18.1%19.2%19.0%

19.9%20.4%

4Q10 1Q11 2Q11 3Q11 4Q11

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研發費用R&D Expense


2.712.262.61 2.43 2.59

5.7% 5.6% 5.6% 5.8% 6.2%

4Q10 1Q11 2Q11 3Q11 4Q11

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銷管費用SG&A Expense


2.81 2.69 2.96 3.153.69

6.1% 6.7% 6.8% 7.1%8.5%

4Q10 1Q11 2Q11 3Q11 4Q11

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總營業費用Operating Expense


5.43 4.95 5.38 5.74 6.40

11.8% 12.3% 12.9%

14.7%

12.3%

4Q10 1Q11 2Q11 3Q11 4Q11

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營業淨利Operating Profit


3.95 3.08 2.93 2.83

1.488.6% 7.6% 6.7% 6.4%3.4%

4Q10 1Q11 2Q11 3Q11 4Q11

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主要部門營業淨利Operating Profit by Sector


4Q10 3Q11 4Q11電源及零組件(Power Electronics) 3,432 3,282 3,281能源管理(Energy Management) 1,051 (129) (1,015)智能綠生活(Smart Green Life) 147 74 199總計(Total) 4,631 3,227 2,465

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業外損益Non-Operating Profit


0.661.111.00 1.250.92

2.9%2.3%1.4% 2.3%

2.5%

4Q10 1Q11 2Q11 3Q11 4Q11

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業外損益細項Non-Operating Income Breakdown


3Q11 4Q11處分投資(Investment disposal) 42 60投資損益(Investment income) 89 155利息收益(Interest income) 118 142現金股利(Cash Dividend) 65 (149)匯兌損益(F/X) * 475 369其他業外損益(Others) 317 672合計(Total) 1,106 1,248

* 包含外匯相關金融資產評價變更* Including FX-related derivatives’ fair value change

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稅前淨利Net Income Before Tax


4.61 4.00 3.93 3.942.73

10.0% 9.9% 9.0% 8.8% 6.3%

4Q10 1Q11 2Q11 3Q11 4Q11

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所得稅與少數股權Tax & Minority Interest


3Q11 4Q11稅前淨利(Net income before tax) 3,937 2,725所得稅(Tax) (856) (519)非常損益(Extraordinary) 0 206少數股權淨利(Minority interest) (228) 52稅後淨利(Net income after tax) 2,853 2,464

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稅後淨利Net Income After Tax


3.39 3.112.56 2.85 2.46

7.4% 7.7% 5.9% 5.7%6.4%

4Q10 1Q11 2Q11 3Q11 4Q11

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每股淨利(新台幣元)EPS (unit: NT$)

1.41 1.301.07 1.19 1.03

4Q10 1Q11 2Q11 3Q11 4Q11

*每股盈餘之設算基於加權平均股數24.02億股*EPS based on weighted average shares outstanding of 2,402 million shares.

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2011年結算數字2011 Full Year Results

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171.3 172.1

2010 2011

單位：新台幣十億元Unit: NT$ billion

合併營收Revenues

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業務分類Revenues by Business

2011

電源及零組件

(Power Electronics)

62%

智能綠生活

(Smart Green Life)

16%

能源管理

(Energy Mgmt)

21%

其他

(Others)

1%

2010

智能綠生活

(Smart Green Life)

14%

能源管理

(Energy Mgmt)

21%

其他

(Others)

1%

電源及零組件

(Power Electronics)

64%

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業務分類Revenues by Business


2010 2011 Change電源及零組件(Power Electronics) 109,551 107,086 -2%能源管理(Energy Management) 36,673 35,430 -3%智能綠生活(Smart Green Life) 23,844 28,161 18%其他(Others) 1,234 1,379 12%總計(Total) 171,302 172,056 0%

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營業毛利Gross Profit


36.6 32.8

19.0%21.4%

2010 2011

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研發費用R&D Expense


9.998.90

5.2%5.8%

2010 2011

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銷管費用SG&A Expense


10.4312.48

7.3%

6.1%

2010 2011

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總營業費用Operating Expense


19.3 22.5

13.1%11.3%

2010 2011

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營業淨利Operating Profit


17.3

10.3

6.0%10.1%

2010 2011

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主要部門營業淨利Operating Profit by Sector


2010 2011電源及零組件(Power Electronics) 13,033 11,981能源管理(Energy Management) 4,565 -344智能綠生活(Smart Green Life) 1,115 299總計(Total) 18,713 11,936

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業外損益Non-Operating Profit


2.884.27

2.5%1.7%

2010 2011

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業外損益細項Non-Operating Income Breakdown


2010 2011處分投資(Investment disposal) 120 260 投資損益(Investment income) 871 508 利息收益(Interest income) 349 508 現金股利(Cash Dividend) 111 76 匯兌損益(F/X) * 733 1,380 其他業外損益(Others) 693 1,535 合計(Total) 2,877 4,267

* 包含外匯相關金融資產評價變更* Including FX-related derivatives’ fair value change

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稅前淨利Net Income Before Tax


20.114.68.5%

11.8%

2010 2011

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所得稅與少數股權Tax & Minority Interest


2010 2011稅前淨利(Net income before tax) 20,146 14,585所得稅(Tax) (2,271) (2,826)停業部門損益(Loss from operations ofdiscontinued segments) 8 0非常損益(Extraordinary) 0 206少數股權淨利(Minority interest) (2,128) (974)稅後淨利(Net income after tax) 15,754 10,991

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稅後淨利Net Income After Tax


15.7510.99

6.4%9.2%

2010 2011

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每股淨利(新台幣元)EPS (unit: NT$)

*每股盈餘之設算基於加權平均股數24.02億股*EPS based on weighted average shares outstanding of 2,402 million shares.

6.564.58

2010 2011

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