Acer Incorporated · TWSE:2353
Acer — Q1 2012 Earnings Presentation
19 slides from Acer's earnings presentation, Apr 26, 2012
Slide 1: Acer 1Q12 Investor Conference
Acer 1Q12 Investor Conference April 26th 2012
Slide 2: Legal Disclaimer
Legal Disclaimer The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties. Acer’s statements that are not historical facts are forward-looking statements that indicate act
Slide 3: Consolidated Financial Results
Consolidated Financial Results Eva Ho CFO
Slide 4: Income Statement (QoQ Comparison)
Consolidated Income Statement (QoQ Comparison) (R.O.C. GAAP-comparison base) QoQ (NT$ mn) 1Q12 4Q11 Change Revenue 113,039 100.0% 127,562 100.0% -11.4% Gross Profit 10,607 9.4% 11,670 9.1% -9.1% Operating Expenses 10,469 9.3% 11,588 9.1% -9.7% Operating Income 138 0.1% 82 0.1% 67.3% Non-Operating In
Slide 5: Income Statement (YoY Comparison)
Consolidated Income Statement (YoY Comparison) (R.O.C. GAAP-comparison base) YoY (NT$ mn) 1Q12 1Q11 Change Revenue 113,039 100.0% 127,778 100.0% -11.5% Gross Profit 10,607 9.4% 13,192 10.3% -19.6% Operating Expenses 10,469 9.3% 11,284 8.8% -7.2% Operating Income 138 0.1% 1,908 1.5% -92.8% Non-Operat
Slide 6: Revenue and GM Trend
Consolidated Revenue and GM Trend 180,000 12.0% (NT$ mn) 160,000 10.0% 140,000 120,000 8.0% 100,000 6.0% 80,000 60,000 4.0% 40,000 2.0% 20,000 0 0.0% 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Revenue (LHS) 119,086 119,083 167,617 168,197 162,130 150,262 167,552 149,114 127,799
Slide 7: Operating Income
Consolidated Operating Income 6,000 4.0% (NT$ mn) 4,000 2.0% 2,000 0.0% 0 -2.0% -2,000 -4.0% -4,000 -6.0% -6,000 -8,000 -8.0% 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 Op. Income (LHS) 2,571 3,043 4,754 4,972 4,385 4,138 5,291 4,389 1,929 -7,087 -1,320 82 138 Op. Margin (RHS)
Slide 8: Balance Sheet (QoQ Comparison)
Consolidated Balance Sheet (QoQ Comparison) (NT$ mn) 1Q12 4Q11 Current Assets Cash and cash equivalence 60,098 23.8% 58,093 23.4% Notes & Account receivable 77,220 30.6% 83,628 33.7% Financial Assets-Current 370 0.1% 1,220 0.5% Inventory 43,404 17.2% 39,994 16.1% Others 9,467 3.8% 12,795 5.2% Total
Slide 9: Balance Sheet (YoY Comparison)
Consolidated Balance Sheet (YoY Comparison) (NT$ mn) 1Q12 1Q11 Current Assets Cash and cash equivalence 60,098 23.8% 50,809 18.9% Notes & Account receivable 77,220 30.6% 109,421 40.8% Financial Assets-Current 370 0.1% 367 0.1% Inventory 43,404 17.2% 38,127 14.2% Others 9,467 3.8% 14,532 5.4% Total C
Slide 10: IT Product Revenue Breakdown by Geography
IT Product Revenue Breakdown by Geography Q1, 2012 Q1, 2011 NT$110,320 M NT$123,987 M 15% 14% 2% 2% 37% 38% 20% 19% 26% 27% EMEA Pan America EMEA Pan America Asia Pacific Taiwan Asia Pacific Taiwan China China Note: (a) Asia Pacific excluding Greater China (Taiwan, HK, and Mainland China) (b) EMEA s
Slide 11: IT Product Revenue Breakdown
IT Product Revenue Breakdown Q1, 2012 Q1, 2011 NT$110,320 M NT$123,987 M 6% 5% 9% 11% 18% 18% 67% 66% Notebook Desktop PC Notebook Desktop PC Display Others Display Others Note: Others include tablets, servers, projector and IA products
Slide 12: Business Review
Business Review Jim Wong Corporate President
Slide 13: Q1 Performance in Summary
Q1 Performance in Summary GUIDANCE RESULT PC Shipments -10% to -15% QoQ Reached better than -10% QoQ 1) better than breakeven Operating Income 2) improvement from last quarter Reached NT$138mn vs. NT$82mn in 4Q11 Complied with Acer’s target : 4-6 weeks Channel Inventory Continous management Met the
Slide 14: Industry Outlook
Industry Outlook • Windows 8 will change the supply chain: – Touch sensors and glass – Lithium polymer battery – DRAM, both technology and on board – Storages – Enclosures – Applications(e.g. touch apps) and solutions(e.g. all YOUR data) • Android: – Not only smartphones, tablet continues to grow to
Slide 15: Acer Strategy and Action
Acer Strategy and Action J.T. Wang Chairman & CEO
Slide 16: Acer believes Ultrabook is the new trend
Acer believes Ultrabook is the new trend Acer delivers 4 models from Q2’12 Ultrabooks (2Q12) Aspire S3 Aspire S5 Aspire Timeline Ultra 14" Aspire Timeline Ultra 15" Screen size 13" 13" 14" 15" Acer’s Q2’12 Ultrabook shipments will be more than double from Q1’12 quantity.
Slide 17: 25-35% penetration rate will be possible with a delay of 1-2 quarters
25-35% penetration rate will be possible with a delay of 1-2 quarters 1. More brand companies will launch various new Ultrabook models. 2. Industry’s marketing efforts keep increasing. 3. Most new notebooks with Windows 8 will be within the Ultrabook specifications in 2H’12 .
Slide 18: Acer commits to maintain the leadership in the Ultrabook market
Acer commits to maintain the leadership in the Ultrabook market Time to market leadership More form factors More new innovations
Slide 19: Thank You
Thank You This document is the intellectual property of Acer Inc, and was created for demonstration purposes only. It may not be modified, organized or re-utilized in any way without the express written permission of the rightful owner.