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無投影片標題 1 • Consolidated financials include DEI DIH

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無投影片標題 1 • Consolidated financials include DEI DIH Powered By Docstoc
					1
•   Consolidated financials include:
    DEI + DIH + DNI – Inter-company

•   Interim consolidated numbers are internal
    figures and reviewed by CPA

•   Consolidated numbers are audited only at
    yearend




                      2
2004 First Quarter
      Results


        3
            Revenues
                Unit: NT$ billion

                                    12.9
 12.4    12.3        11.9                   11.1




1Q03    2Q03      3Q03          4Q03       1Q04

                       4
            Revenues by Product
           4Q03                        1Q04
                                            EM
           4%                               6%

22%                              CP
                                                        PS1
                                25%
                      42%                               40%



7%
                                 VD
                                 7%
     14%
                                      NW         PS 2
                11%
                                      11%        11%


                            5
           Gross Profit
        Unit: NT$ billion & % of sales

2.73             2.60        2.78        2.48
        2.50



                             21.6%       22.3%
21.9%   20.4%     21.8%


1Q03    2Q03      3Q03        4Q03       1Q04

                   6
          R&D Expense
       Unit: NT$ billion & % of sales

0.72   0.82     0.80        0.80        0.73


       6.7%     6.7%                    6.60%
                           6.20%
5.8%


1Q03   2Q03      3Q03       4Q03         1Q04

                  7
       SG&A Expense
       Unit: NT$ billion & % of sales

0.82   0.74      0.78       0.84        0.80

                                        7.2%
6.6%             6.6%       6.5%
       6.0%



1Q03   2Q03      3Q03        4Q03       1Q04

                  8
         Operating Expense
         Unit: NT$ billion & % of sales

1.55    1.56      1.58        1.63        1.54

                                          13.8%
                 13.3%
12.4%   12.7%                12.7%


 1Q03    2Q03      3Q03        4Q03        1Q04

                    9
       Operating Profit
        Unit: NT$ billion & % of sales

1.18                         1.15
       0.94      1.02                    0.95

9.5%
                  8.5%       8.9%        8.5%
       7.7%


1Q03   2Q03        3Q03       4Q03       1Q04

                   10
         Non-Operating Profit
          Unit: NT$ billion & % of sales
         0.54
                                           0.46
                   0.24
0.0%     4.4%                              4.2%
-0.003
                   2.0%        -1.1%
 1Q03     2Q03      3Q03        4Q03       1Q04
                              (0.14)

                     11
Non-Operating Income Breakdown
Unit: NT$ million
                           1Q04
  Disposal gain             106
  Investment income          38
  Interest income            71
  Cash Dividend               2
  F/X                       370
  Others                   (123)
  Total                     464


                      12
       Net Income Before Tax
       Unit: NT$ billion & % of sales

         1.48                           1.41
                     1.26
1.18                            1.01

        12.0%                           12.7%
9.5%                10.6%
                                7.9%


1Q03      2Q03       3Q03        4Q03    1Q04

                     13
  Tax Benefit & Minority Interest
   Unit: NT$ million


                            4Q03    1Q04
Net income before tax       1,007   1,411
Tax benefit                     5     457
Minority interest             100      (5)
Net income after tax        1,112   1,863


                       14
       Net Income After Tax
       Unit: NT$ billion & % of sales
         1.82                           1.86

                    1.20                16.7%
1.08                            1.11
        14.8%


                    10.1%
8.7%                            8.6%

1Q03      2Q03       3Q03        4Q03    1Q04

                     15
                        EPS (unit: NT$)

                      1.23                                   1.26
         0.73                      0.81 0.75



        1Q03         2Q03 3Q03                 4Q03         1Q04

* ALL EPS fully diluted at current shares outstanding of 1,480 million shares.

                                     16
FY2004 Consolidated
  Financial Forecast



        17
        2004 DEI forecast
            Unit: NT$ million

•   Sales                 44,070
•   Operating income         178
•   Non-operating income   5,791
•   Non-operating expense     57
•   Pre-tax profit         5,913
•   Tax credit               456
•   Net income             6,369
                   18
Consolidated Revenues
           Unit: NT$ billion


             +10.6%
                               54.815
  49.542




2003A                    2004F

                 19
              Revenues by Product
              2003A                                     2004F
                                                        EM
              4%                             NW         5%
      12%                                    12%

                                                                    PS 1
                            39%
                                                                    40%

20%                                    CP
                                       23%



        15%           10%                          VD        PS 2
                                                   8%        12%

                                  20
     Gross Profit
  Unit: NT$ billion & % of sales

                        11.967
10.612
                         21.8%
21.4%


2003A                    2004F

             21
    R&D Expense
  Unit: NT$ billion & % of sales

                        3.301
3.148

6.4%
                          6.0%



2003A                    2004F

             22
  SG&A Expense
  Unit: NT$ billion & % of sales

                        3.500
3.175


6.4%                      6.4%




2003A                    2004F

             23
  Operating Expense
  Unit: NT$ billion & % of sales

                        6.802
6.323

12.8%                    12.4%




2003A                    2004F

             24
  Operating Profit
  Unit: NT$ billion & % of sales

         +20.5%         5.167
4.290
                         9.4%
8.7%




2003A                    2004F

             25
 Non-Operating Profit
  Unit: NT$ billion & % of sales

                          0.948

0.632
                            1.8%
1.3%



2003A                     2004F

             26
Non-Operating Income Breakdown
Unit: NT$ million
                         2003A    2004F
Investment disposal        168      107
Investment income         (351)     287
Interest income            159      158
Cash dividend               52       30
F/X                        190      358
Others                     412        9
Total                      632      948

                    27
Net Income After Tax
   Unit: NT$ billion & % of sales



          +22.1%              6.369
5.215
                             11.6%
10.5%



2003A                         2004F
               28
           Pre-diluted EPS *
                                     4.30
          3.52




      2003A                      2004F

* Current shares outstanding is 1,480 million shares.
                         29
            Diluted EPS *
                                  4.02
        3.29




    2003A                     2004F

* Using assumed capital of 1,586 million shares.
                     30
THANK YOU !


     31

				
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