acbel polytech inc

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1 ACBEL POLYTECH INC. Jan 2015

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Page 1: ACBEL POLYTECH INC

1

ACBEL POLYTECH INC.

Jan 2015

Page 2: ACBEL POLYTECH INC

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Agenda

Company Profile

Future Prospect

Financial Results

Page 3: ACBEL POLYTECH INC

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Company Profile

Page 4: ACBEL POLYTECH INC

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Group Overview

KINPOConsumer

PC Peripheral

ACBELPower Supply

ACBELPower Supply

CAL-COMPEMS

Communication

COMPALNotebook

PC

ARCADYAN

WiFi

New Kinpo Group

Established:1973

Major Business:Electronic Components Manufacturing;CommunicationServices;PC, NB, Mobile Phone Printer Assembly

Revenue:2013 US$29.9 BillionTotal Employees:100,025AcBel Employees: 11,000

Production Site:65Public Listed Company:AcBel,

Kinpo, Compal, Cal-Comp,Arcadyan

*Only list major affiliates

Page 5: ACBEL POLYTECH INC

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• Foreign investors holding percentage totaled 29%, increasing 21% in the past two years.

• AcBel’s Board of Directors consist of three Independent Directors, strengthcorporate governance.

• The largest shareholder is Kinpo Electronics Inc., holding 22.5% shares.

Shareholders

FinancialInstitution,

9.74%

ForeignInvestor,29.03%

OtherCompany,

29.77%

Individual,31.46%

Keep A grade from 2005 and improve to A+ in 2012 fo rTaiwan listed companies information transparency an d disclosure ranking

(Date:2014.4.21)

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History

Achievement• Rank No.7 of PS manufacturers in the world in MTC report

from 2009 to 2011 and rise to No.6 from 2012.

(OEM/Embedded and Telecom)

• AcBel receive an honor of the Top 1000 Taiwan Manufacturing

Companies by CommonWealth Magazine. (2012 ranking 145)

1981- AcBel were founded in July, named Leadtorn Industrial Inc.

1985- AcBel obtain power supply orders from IBM.

1996- AcBel acquire a business division from Vidar-SMS and change official name to

API Technology Co., Ltd.

1998- AcBel announce new CIS and change English name to AcBel Polytech Inc.

2003- AcBel IPO on Taiwan Stock Exchange (ticker 6282).

2009- AcBel launch intelligence LED street light products.2010- AcBel and Bloomenergy strategic alliance to launch fuel cell

products.

2013- AcBel ship smart grids products to Taipower.

Page 7: ACBEL POLYTECH INC

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PC ADAPTER STBALL-IN-ONE PRINTER

Now

New

TV

ENTRY-LEVEL SERVER PV INVERTER

Consumer Power Supply

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Industrial Power Supply

SERVERSTORAGE

FUEL CELL

DC/DC PLC

LED LIGHTING

SMART GRIDS SYSTEM

MAIN FRAME TELECOM

Now

CORE ROUTER

ELECTRIC VEHICLE

MEDICAL

New

Page 9: ACBEL POLYTECH INC

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Balanced Customers PortfolioAMWAYANDREWAPPLEASUSBLOOM ENERGYCALCOMPCANONCHTCISCOCOMPALDELLEMCFOXCONNFUJITSUHITACHIHPIBMJABILJUNIPERKINPO

LENOVOMTINCRNECNOKIAPACEPEGATRONPHILIPSQUANTASCHNEIDERSHARPSUGONSUPERMICROTECHNICOLORTOSHIBAVENTUREVIBOWINCOR NIXCORFWISTRONZT *in alphabetic order

Page 10: ACBEL POLYTECH INC

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EUROPE

ASIA

NORTHAMERICA

SOUTHAMERICA

AUSTRALIA

AFRICA

Manufacturing : 4

Technical Support & After Service : 9

Warehouse : 18

Office : 12

Kingston,NYSunnyvale,CA

Rochester,MN

Raleigh,NC

Cranston,RI

Jalisco,Mexico

Boston,MA

Scotland

Ireland

Budapest

Taiwan

Philippines Dongguan

Malaysia

ShanghaiHangzhou

Japan

Wuhan

Beijing

Xiamen

Chongqing

Nashville,TN

Austin,TX

Santa Teresa,NM

Sao Paulo, BrazilSingapore

Global Logistics

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Dongguan,ChinaTaiwan

Plant Info (1)

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Laguna,Philippines

Wuhan,China

Plant Info (2)

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CostCostCost InnovationCost Innovation SafetySafety

OHSAS 18001SA8000EICC

OHSAS 18001SA8000EICC

HealthHealthOHSAS 18001SA 8000EICC

OHSAS 18001SA 8000EICC

EnvironmentalEnvironmentalIECQ QC080000, EICC, ISO 14001ISO 14064

IECQ QC080000, EICC, ISO 14001ISO 14064

TechnologyTechnologyEDIEMIDFx

EDIEMIDFx

DeliveryDeliverySCM VMISCM VMI

ResponsivenessResponsivenessReal timeLocal supportReal timeLocal support

QualityQuality6σZero Defect6σZero Defect

EthicsEthicsEICCEICC

LaborLaborSA 8000EICCSA 8000EICC

Commitment

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• From 2013, the financial numbers are based on International Financial Reporting Standards (IFRS)

Financial Results

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Consolidated Revenue

Unit: NT$ billion & YoY(%)

09~13 CAGR 8.5%

* 2014Q3 : 6.29 billion /QoQ -3.8%/YoY -2.4%2014 to Q3: 18.15 billion /YoY -2.3%

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Net Income After Tax

Unit: NT$ billion & % of revenue

2013YoY+19.2%

* 2014Q3 : 0.31 billion

2014 to Q3: 0.84 billion

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Earnings Per Share2013YoY+18.6%

Unit: NT$

2009 2010 2011 2012 2013

2.09 1.94

1.20

2.04

2.42

* 2014Q3 : NT$ 0.60

2014 to Q3: NT$ 1.62

Page 18: ACBEL POLYTECH INC

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Dividend Policy

*The price for calculating yield rate is the day before the meeting of Board of Directors in the following year.

�High payout ratio.�High cash yield.�Debt ratio maintain

50% for long time,operating on healthyBalance Sheet.

1.94

1.20

2.042.42

2.091.80

1.50

0.70

1.301.65

6.37% 5.70%

3.69%

6.28%5.06%

2009 2010 2011 2012 2013

Earnings Per Share Cash Dividend Per Share Yield Rate

Dividend Year 2009 2010 2011 2012 2013

Earnings Per Share 2.09 1.94 1.20 2.04 2.42

Cash Dividend Per Share 1.65 1.30 0.70 1.50 1.80

Dividend Payout Ratio 78.95% 67.01% 58.33% 73.53% 74.38%

Yield Rate 6.37% 5.70% 3.69% 6.28% 5.06%

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Future Prospect

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“提供完整的解決方案提供完整的解決方案提供完整的解決方案提供完整的解決方案,,,,

成為尖端環保能源的最佳夥伴成為尖端環保能源的最佳夥伴成為尖端環保能源的最佳夥伴成為尖端環保能源的最佳夥伴””””

“Providing total solution to be your leading edge green power partner.”

Company Vision

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� Develop power supply conversion for Fuel Cell continuously.

� Develop high-end power supply for data center server (Efficiency>96%).

� Develop total solution for storage devices (Half Load>94%).

� Develop high efficiency power supply for network communication equipment (Efficiency>96.5%).

� Develop medical equipment power supply.

� Develop LED lighting indoor/outdoor application (2300~14000lm; T8/Bulb/PAR).

� Develop power supply and charger for electric vehicles.

� Develop energy management systems and combine with PLC technology into the smart grids systems, including medium voltage automation and AMI smart meter and metering system.

� High power battery management in coordination with firmware and software development.

Product Development

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Green Energy

Fuel Cell

LED Lighting

High-end PS for cloud computing

application

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2010~2016Phase 12015~2020

Phase 3

2011~2014Phase 1

2014~2018 Phase 2

2015~2020Phase 3

2015~2020Phase 3

Smart Grids Strategy

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THANK YOU!