Innolux Corp. · TWSE:3481
Innolux — Chimei Innolux — Q3 2011 Earnings Presentation
12 slides from Innolux's earnings presentation, November 2011
Slide 1: 3Q 2011 Earning Results
3Q 2011 Earning Results November 2011
Slide 2: Disclaimer
Disclaimer Chimei Innolux Corporation’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward looking statements. The
Slide 3: CMI with TFT Subsidiaries 3Q 2011 Income Statement - QoQ
CMI with TFT Subsidiaries 3Q 2011 Income Statement - QoQ NT$ million % % QoQ % Except Per Share Data 3Q11 Revenue 2Q11 Revenue Change Net Sales 124,703 100.0% 121,696 100.0% 2.5% Cost of Goods Sold 137,033 109.9% 128,319 105.4% 6.8% Gross Profit (12,330) (9.9%) (6,623) (5.4%) 86.2% Operating Expense
Slide 4: CMI with TFT Subsidiaries 3Q 2011 Balance Sheet
CMI with TFT Subsidiaries 3Q 2011 Balance Sheet NT$ million 2011.9.30 2011.6.30 2010.9.30 Cash & Short Term Investment 58,325 71,603 64,566 Inventory 65,748 68,799 59,815 Total Assets 699,355 723,790 715,069 Short Term Debt (1) 156,344 136,352 118,341 Long Term Debt (2) 187,959 208,794 173,139 Share
Slide 5: Large-size Shipment Units and ASP Trends
Large-size Shipment Units and ASP Trends Unit shipment(1) ASP(1)(2) (’000) (US$) 60,000 Shipment ASP 150 115 115 119 50,000 113 120 101 99 95 90 40,000 90 30,000 60 20,000 33,101 33,840 33,888 33,637 35,471 36,991 30,597 32,272 30 10,000 0 0 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Notes: 1. All figu
Slide 6: Small & Medium-Size Shipment and Sales Trends
Small & Medium-Size Shipment and Sales Trends Revenue(1) Unit shipment(1) (NT$ Million) (Million Units) 35,000 Shipment Revenue 250 28,590 28,729 27,954 30,000 25,875 200 25,000 23,448 150 20,000 16,593 16,447 13,886 15,000 100 10,000 110 110 123 110 99 108 101 95 50 5,000 0 0 4Q09 1Q10 2Q10 3Q10 4Q
Slide 7: Revenue, Gross Margin, EBITDA Trends, and EPS Trends
Revenue, Gross Margin, EBITDA Trends, and EPS Trends Revenue(1) (NT$ Billion) Revenue Proforma EBITDA Margin Gross Margin EPS -1.52 -0.80 0.87 1.43 -1.89 -1.78 -2.36 250 24.1% -3.79 16.0% 15.1% 15.0% 9.3% 10.0% 200 5.2% 4.7% 4.3% 2.7% 10.3% 12.8% -7.6% -5.3% -5.4% -9.9% 140 139 145 137 150 130 124 1
Slide 8: Sales Breakdown by Application
Sales Breakdown by Application TV Desktop Notebook Small & Medium Others 3% 3% 4% 4% 4% 5% 3% 2% 100% 12% 10% 11% 19% 19% 23% 8% 22% 23% 80% 7% 8% 6% 9% 6% 6% 12% 60% 37% 42% 36% 30% 30% 33% 29% 28% 40% 20% 41% 37% 41% 41% 37% 39% 35% 35% 0% 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Notes: 1. All figu
Slide 9: Sales Breakdown by Size
Sales Breakdown by Size <10" 10 to <20" 20 to <30" 30 to <40" 40"+ 100% 12% 12% 9% 12% 16% 14% 15% 15% 16% 80% 14% 19% 18% 18% 15% 11% 15% 60% 29% 27% 27% 31% 29% 24% 27% 30% 40% 22% 20% 23% 21% 23% 30% 30% 27% 20% 23% 24% 27% 20% 20% 12% 11% 12% 0% 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 Notes: 1.
Slide 10: TFT LCD Fabs Update
TFT LCD Fabs Update Substrate size Dec-11 Generation Site Main Products Technology (mm2) (K/month) G3.5 LTPS Jhunan, Taiwan 620 x 750 70 Small/Medium LTPS, OLED G3.5 Tainan, Taiwan 620 x 750 55 Small/Medium G4.5 Jhunan, Taiwan 730 x 920 5 TFT and Touch Panel Compatible Touch panel G4 Tainan, Taiwan
Slide 11: Touch Sensor Fabs Update
Touch Sensor Fabs Update Dec-11 Generation Site Substrate size (mm2) Main Products (K/month) G2.5 Longhua, China 400 x 500 80 3.5" G4.5 Jhunan, Taiwan 730 x 920 45 10.1" G4.5 Tainan, Taiwan 730 x 920 70 10.1" Page 11
Slide 12: For further information, please visit our website
For further information, please visit our website at: www.chimei-innolux.com Contact Investor Relations at: phone: +886 (0)6 505-3760 email:[email protected] Page 12