1 華碩電腦 2016年第1季投資人說明會
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Confidential 3
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(unaudited brand consolidated financials)
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in NT$ Mn 1Q 2016 4Q 2015 QoQ 1Q 2015 YoY
Net Revenue 110,050 123,989 -11% 102,181 8%
COGS (95,682) (107,199) -11% (88,713) 8%
Gross Profit 14,368 16,789 -14% 13,467 7%
Operating Expenses (9,671) (11,212) -14% (8,746) 11%
Operating Income 4,697 5,577 -16% 4,721 -1%
Non-OP Items 559 333 68% 39 1346%
Pre-Tax Income 5,257 5,911 -11% 4,760 10%
Tax (1,095) (1,367) -20% (1,079) 1%
Net Income 4,161 4,544 -8% 3,680 13%
EPS 5.6 6.1 5.0
Gross Margin % 13.1% 13.5% 13.2%
Operating Margin % 4.3% 4.5% 4.6%
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(unaudited brand consolidated financials)
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Non-OP Items 1Q 2016 4Q 2015 QoQ 1Q 2015 YoY
Interest Income (net) 152 122 25% 33 359%
Investment Income 181 124 46% 307 -41%
Askey 64 (53) 222% 195 -67%
Others 116 177 -34% 112 4%
Exchange Gain/(Loss) 79 2 3226% (349) 123%
Other Income (net) 148 85 74% 48 208%
Total Non-OP items 559 333 68% 39 1346%
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in NT$ Mn Mar 31, 2016 Dec 31, 2015 QoQ Mar 31, 2015 YoY
Cash & equivalents 52,259 51,394 2% 67,176 -22%
Accounts receivable 75,180 75,546 -0.5% 61,716 22%
Inventories 85,992 98,729 -13% 86,765 -1%
Current Assets 221,811 234,515 -5% 223,688 -1%
Long-term investments 74,397 70,625 82,461
Fixed assets 3,535 3,576 3,621
Total Assets 310,653 319,174 -3% 319,235 -3%
Accounts payable 40,033 52,529 -24% 53,753 -26%
Current Liabilities 128,921 142,575 -10% 136,682 -6%
Total Liabilities 138,065 151,822 -9% 145,877 -5%
Paid-in capital 7,428 7,428 7,428
Stockholders' equity 172,587 167,352 3% 173,359 -0.4%
Avg. Days of Inventory 88 82 93
Avg. Days of AR 62 56 59
Avg. Days of AP 48 55 72
Avg. CCC Days 103 82 81
7 * As of Apr 30, 2016, brand consolidated cash balance was NT$ 71bn, account receivable was $68bn ,and account payable was $53bn
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Confidential 9
PC
66%
Mobile
17%
IOT
3%
Component
14%
1Q 2016 1Q 2015
PC
67%
Mobile
16%
IOT
3%
Component
14%
1Q 2016
Confidential 10
EURP
28%
ASIA
52%
Americas
20%
1Q 2016 1Q 2015
EURP
35%
ASIA
48%
Americas
17%
1Q 2016
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Brand revenue to be NT$ 95~100 billion
PC revenue QoQ -10%~-15%, YoY +0%~+5%
Mobile revenue QoQ +0%~+5%, YoY -10%~-15%
Component revenue QoQ -5%~-10%, YoY +0%~+5%
Gross profit margin to be ~13% 0.5%
Operating profit margin to be between 4.0~4.5%
2Q 2016
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In Search Of Incredible
Cloud (Big Data)
PC IOT
VR / AR Robotics
Accessing
Screening
Sharing
Generating
Interacting
Flowing
New Ubiquitous Computing Era
Mobile
Gaming (ROG) NB / DT / MB / VGA / Monitor
Zen AiO Pro / ZenBook ZenBook 303 / 305 / 501
Commercial DT / NB / Chromebook
ASUS PC
Mainstream VivoBook / Vivo AiO
2 in 1 Transformer / Flip
PC Q1
China YoY
EMEA YoY
Gaming YoY
ZenBook YoY
PC Q2
Gaming PC YoY
ZenBook & ZenAiO YoY
Chromebook YoY
ASUS ROG Gaming
Performance Leader
Dual Graphics with Liquid Cooled
( 2016 Computex )
ASUS ZenBook 3
with Unprecedented Performance
( 2016 Computex )
Evolution of Transformer
Productivity + Entertainment
( Android )
Microsoft Surface Pro 3
( Windows )
iPad Pro
2011 2013 2014 2015
Powerful. Convenient. Expandable
ASUS Transformer 3 / Pro
( 2016 Computex )
4GB RAM
Smartphone
thinnest 3X optical lens smartphone
ASUS Mobile
Pad + Phone
in One
Phone
TWN YoY
SEA YoY
India YoY
Italy YoY
Russia YoY
Japan YoY
ASUS Mobile
ZenFone 3 Max Battery. Camera. ZenUI.
ZenFone 3 Deluxe
ZenFone 3 ID. Camera. Performance.
Audio. ZenUI.
TOP Fighting Mainstream Fighting
( 2016 Computex )
Mobile VR 2016 Q3
PC VR Headset : 2017 1H
Mobile AR 2017 1H
ASUS VR / AR
ASUS IOT
Smart
Home
Smart
Car
Smart
Wearable
Robotics
(2016 Computex )
leading enterprise in the new digital era.
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