Qisda Corporation · TWSE:2352
Qisda — Q4 2007 Earnings Presentation
13 slides from Qisda's earnings presentation, Mar 4, 2008
Slide 1: Qisda Corporation Investor Conference 2007 Q4 Results
Qisda Corporation Investor Conference 2007 Q4 Results March 4, 2008 Outline z 2007 & Q4 Financial Results z Q4 Summary 1 1
Slide 2: Safe Harbor Notice
Safe Harbor Notice We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current ex
Slide 3: Recap of 2007 major financial events
Recap of 2007 major financial events z BenQ branded business spin-off z Capital reduction z Fund raising & Liquidation: X Exchangeable Bonds: 4.5 B NT$ X Sale and lease-back office buildings: 5.56 B NT$ X Partial disposal of long term investment: 7 B NT$ 4 2007 Financial Highlights z Positive net in
Slide 4: 2007 Income Statement YoY Analysis
2007 Income Statement YoY Analysis Amount : NT$ Billion (a) 2007 2006 YoY Net Sales 129.29 100.0% 198.54 100.0% (34.9% ) COGS (120.89) (185.17) Gross Margin 8.41 6.5% 13.37 6.7% -0.2 ppt Opex (13.45) (10.4% ) (42.43) (21.4% ) -11 ppt Operating Income (5.04) (3.9% ) (29.06) (14.6% ) +10.7 ppt Net Non
Slide 5: 2007 Key Financial Ratios
2007 Key Financial Ratios 2007 2006 YoY A/R Turnover 56 days 43 days 13 days Inventory Turnover 46 days 51 days (5) days A/P Turnover 70 days 72 days (2) days (a) ROA 5.0% (27.7% ) +32.7 ppt (a) ROE 19.9% (141.7% ) +161.6 ppt Current ratio 96.8% 77.1% +19.7 ppt Debt / Total Assets 44.4% 42.9% +1.5 p
Slide 6: Q4 Income Statement QoQ Analysis
Q4 Income Statement QoQ Analysis Amount : NT$ Billion (a) 2007 Q4 2007 Q3 QoQ Net Sales 30.89 100.0% 36.58 100.0% (15.5% ) COGS (29.50) (34.13) Gross Margin 1.39 4.5% 2.44 6.7% -2.2 ppt Opex (2.05) (6.6% ) (3.84) (10.5% ) -3.9 ppt Operating Income (0.66) (2.1% ) (1.39) (3.8% ) +1.7 ppt Net Non-op It
Slide 7: Q4 Key Financial Ratios
Q4 Key Financial Ratios 2007 Q4 2007 Q3 QoQ A/R Turnover 56 days 57 days (1) days Inventory Turnover 46 days 35 days 11 days A/P Turnover 70 days 79 days (9) days (a) ROA 3.2% 2.9% +0.3 ppt (a) ROE 13.9% 14.6% -0.7 ppt Current ratio 96.8% 97.9% -1.1 ppt Debt / Total Assets 44.4% 43.7% +0.7 ppt - Cor
Slide 8: Q4 Revenue Trend
Q4 Revenue Trend z QoQ growth rate of ODM/EMS business was - 6.2%. z QoQ trend by Business Unit BU Trend Remark Monitor seasonality LCD TV new customers Projector Promotion (a) SPC seasonality Mobile rebuilding business Infotainment new product launch (a) SPC includes scanner, printer and copier. 14
Slide 9: Unaudited Core Business Consolidated Balance Sheet
Qisda Corporation. Unaudited Core Business Consolidated Balance Sheet DEC. 30, 2007 UNIT : NT$K Assets Liabilities & stockholders' equity Current assets : Liabilities Cash & cash equivalent 5,885,919 6.1% Short term borrowings 14,118,431 14.7% Assigned financial asset measured at fair value－current
Slide 10: Non-consolidated Balance Sheets December 31, 2006 and 2007
Qisda Corporation Non-consolidated Balance Sheets December 31, 2006 and 2007 (Expressed in thousands of New Taiwan dollars and US dollars) 2006 2007 2006 2007 Assets NT$ NT$ US$ Liabilities and Stockholders’ Equity NT$ NT$ US$ Current assets: Current liabilities: Cash and cash equivalents 3,319,981
Slide 11: Non-consolidated Statements of Income
Qisda Corporation Non-consolidated Statements of Income For the years ended December 31, 2006 and 2007 (Expressed in thousands of New Taiwan dollars and US dollars except earnings per share) 2006 2007 NT$ NT$ US$ Net sales 130,254,510 122,253,436 3,768,253 Cost of goods sold (126,710,637) (120,113,5
Slide 12: Non-consolidated Statements of Cash Flows
Qisda Corporation Non-consolidated Statements of Cash Flows For the years ended December 31, 2006 and 2007 (Expressed in thousands of New Taiwan dollars and US dollars) 2006 2007 NT$ NT$ US$ Cash flows from operating activities: Net income (loss) (27,610,667) 4,771,623 147,077 Adjustments to reconci
Slide 13: Quality Innovation Speed
Quality Innovation Speed