Innolux Corp. · TWSE:3481
Innolux — Chimei Innolux — 4Q 2011 Earnings Presentation
13 slides from Innolux's earnings presentation, March 2012
Slide 1: 4Q 2011 Earning Results
4Q 2011 Earning Results March 2012
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 2011 Income Statement - YoY
CMI with TFT Subsidiaries 2011 Income Statement - YoY NT$ million % % YoY % Except Per Share Data 2011 Revenue 2010(1) Revenue Change Net Sales 501,135 100.0% 480,044 100.0% 4.4% Cost of Goods Sold 537,383 107.2% 460,688 96.0% 16.6% Gross Profit (36,248) (7.2%) 19,356 4.0% - Operating Expenses 26,75
Slide 4: CMI with TFT Subsidiaries 4Q 2011 Income Statement - QoQ
CMI with TFT Subsidiaries 4Q 2011 Income Statement - QoQ NT$ million % % QoQ % Except Per Share Data 4Q11 Revenue 3Q11 Revenue Change Net Sales 130,409 100.0% 124,703 100.0% 4.6% Cost of Goods Sold 141,073 108.2% 137,033 109.9% 2.9% Gross Profit (10,664) (8.2%) (12,330) (9.9%) (13.5%) Operating Expe
Slide 5: CMI with TFT Subsidiaries 4Q 2011 Balance Sheet
CMI with TFT Subsidiaries 4Q 2011 Balance Sheet NT$ million 2011.12.31 2011.9.30 2010.12.31 Cash & Short Term Investment 59,449 58,325 58,998 Inventory 59,540 65,748 61,579 Total Assets 668,479 699,355 698,315 Short Term Debt (1)(3) 275,081 156,344 108,385 Long Term Debt (2) 49,377 187,959 179,726 S
Slide 6: Large-size Shipment Units and ASP Trends
Large-size Shipment Units and ASP Trends Unit shipment(1) ASP(1)(2) (’000) (US$) 60,000 Shipment ASP 140 50,000 115 119 113 99 101 95 40,000 90 89 100 30,000 60 20,000 36,991 33,840 33,888 33,637 32,272 35,471 35,399 30,597 20 10,000 0 -20 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Notes: 1. All figure
Slide 7: Small & Medium-Size Shipment and Sales Trends
Small & Medium-Size Shipment and Sales Trends Revenue(1) Unit shipment(1) (NT$ Million) (Million Units) 40,000 Shipment Revenue 250 34,225 35,000 28,590 28,729 200 30,000 27,954 25,875 23,448 25,000 150 20,000 16,447 13,886 100 15,000 10,000 123 115 99 110 108 101 110 50 95 5,000 0 0 1Q10 2Q10 3Q10
Slide 8: Revenue, Gross Margin, EBITDA Trends, and EPS Trends
Revenue, Gross Margin, EBITDA Trends, and EPS Trends Revenue(1) Revenue Proforma EBITDA Margin Gross Margin EPS (NT$ Billion) 0.87 1.43 -0.80 24.1% -1.89 -1.78 -2.36 250 -2.73 -3.79 15.1% 15.0% 9.3% 10.0% 200 4.7% 4.3% 4.4% 10.3% 12.8% -5.3% -5.4% 2.7% -7.6% -9.9% -8.2% 150 100 71 145 137 130 124 12
Slide 9: Sales Breakdown by Application
Sales Breakdown by Application TV Desktop Notebook Small & Medium Others 3% 4% 4% 4% 5% 3% 2% 2% 100% 10% 11% 19% 19% 23% 8% 22% 23% 26% 80% 8% 6% 9% 6% 6% 12% 10% 60% 42% 36% 30% 30% 33% 29% 28% 28% 40% 20% 37% 41% 41% 37% 39% 35% 35% 34% 0% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Notes: 1. All fig
Slide 10: Sales Breakdown by Size
Sales Breakdown by Size <10" 10 to <20" 20 to <30" 30 to <40" 40"+ 100% 12% 12% 9% 12% 14% 15% 15% 15% 16% 80% 14% 19% 18% 18% 15% 11% 12% 60% 29% 27% 25% 31% 24% 27% 30% 29% 40% 18% 22% 20% 23% 21% 23% 30% 27% 20% 27% 30% 20% 23% 24% 20% 11% 12% 0% 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Notes: 1.
Slide 11: TFT LCD Fabs Update
TFT LCD Fabs Update Substrate size Dec-12 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 45 TFT and Touch Panel Compatible Touch panel G4 Tainan, Taiwan
Slide 12: Touch Sensor Fabs Update
Touch Sensor Fabs Update Mar-12 Dec-12 Generation Site Substrate size (mm2) Main Products (K/month) (K/month) G2.5 Longhua, China 400 x 500 80 80 Smartphone G4.5 Jhunan, Taiwan 730 x 920 45 45 Tablet G4.5 Tainan, Taiwan 730 x 920 100 150 Tablet G5 Jhunan, Taiwan 1100 x 1300 10 20 NB Page 12
Slide 13: 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 13