宏碁公司 97 年第一季法人說明會 97 年 04 月 23 日 www.acer.com
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合併財務報告
第一季簡易合併損益表 (ROC GAAP 比較基礎 ) ( 新台幣百萬 ) 2008 年第一季 2007 年第一季 成長 營業收入 127,376 100% 99,513 100% +28% 毛利 13,465 10.6% 9,458 9.5% +42% 營業費用 10,727 8.4% 7,510 7.5% +43% 營業淨利 - GAAP 2,738 2.2% 1,947 2.0% +41% 營業淨利 - 不考慮員工分紅及董監酬勞費用化 3,256 2.6% +67% 營業外淨利 565 0.4% 4,341 4.4% 稅前淨利 3,303 2.6% 6,289 6.3% 稅後淨利 2,952 2.3% 5,663 5.7% EPS 1.25 2.40 Note: (a) 2008 年第一季數據未經會計師正式審核, 且含 Gateway (b 2008 年第一季費用在不考慮員工分紅及董監酬勞費用化, 營業淨利為 NT$3,256M, 稅後 淨利為 NT$3,470M 3
合併營收與毛利率 2008 年第一季營收年成長率 : : +28% Y/Y 150,000 15.0% 125,000 (NT$ Million) 100,000 75,000 50,000 10.0% 5.0% 25,000 0 1Q'05 2Q'05 3Q'05 4Q'05 1Q'06 2Q'06 3Q'06 4Q'06 1Q'07 2Q'07 3Q'07 4Q'07 1Q'08 Revenue 65,710 65,676 82,518 104,184 82,996 72,855 94,726 118,516 99,513 93,520 121,934 147,099127,376 Gross Margin 12.1% 11.0% 9.9% 10.3% 10.7% 10.7% 10.0% 10.8% 9.5% 10.6% 10.3% 10.3% 10.6% Revenue Growth 33% 35% 47% 47% 26% 11% 15% 14% 20% 28% 29% 24% 28% 0.0% Note: The figures include Gateway since 4Q 07 4
合併營業淨利 4,000 4.0% 3,500 3,000 不含員工分紅及董監酬勞費用化, 營業淨利為 NT$3,256M, 稅後淨利為 NT$3,470M, 營業利益率為 2.6% (NT$ million) 2,500 2,000 1,500 2.0% 1,000 500 0 1Q'05 2Q'05 3Q'05 4Q'05 1Q'06 2Q'06 3Q'06 4Q'06 1Q'07 2Q'07 3Q'07 4Q'07 1Q'08 Op. Income 1,940 1,659 1,778 2,272 1,925 1,516 1,976 2,396 1,947 1,961 2,807 3,469 2,738 Op. Margin - % 3.0% 2.5% 2.2% 2.2% 2.3% 2.1% 2.1% 2.0% 2.0% 2.1% 2.3% 2.4% 2.2% 0.0% Note: (a)2005 年第一季含一特別交易 (b) 從 2007 年第四季起, 含 Gateway 5
合併資產負債表 ( 新台幣百萬 ) 流動資產現金及約當現金應收票券及帳款備供出售金融資產 - 流動存貨其他流動資產總計 2008 年 3 月 31 日 32,988 103,230 2,152 37,465 12,258 188,093 14% 43% 1% 16% 5% 79% 2008 年 12 月 31 日 37,945 102,406 3,107 33,816 14,352 191,626 16% 42% 1% 14% 6% 79% 長期投資 10,391 4% 11,203 5% 不動產及機器設備廠房 11,250 5% 12,442 5% 無形資產 25,389 11% 25,926 11% 其他 2,466 1% 2,086 總資產 237,589 100% 243,283 100% 應付帳款 80,890 34% 81,453 33% 其他流動負債 61,607 26% 61,390 25% 流動負債總計 142,497 60% 142,843 59% 長期負債 12,407 5% 16,791 7% 總負債 161,198 68% 165,874 68% 股東權益 76,390 6 32% 77,409 32%
轉投資事業 持股比重 % 市值 ( 新台幣百萬 ) 淨值 ( 新台幣百萬 ) 潛在獲利 (Apr. 22,2008) 主要持股 明基 4.82% 1,977 1,384 593 緯創 9.13% 7,227 3,000 4,227 鴻海 0.01% 171 21 149 中華開發 0.12% 185 140 46 其他 * 6,837 4,853 1,984 總計 16,397 9,398 6,999 註 : 以上數字以 2008 年 4 月 22 日為基準日 * 其他含創投基金 7
股利政策股利政策股利政策股利政策 ( 每股元每股元每股元每股元 ) 員工分紅員工分紅員工分紅員工分紅盈餘分配及員工分紅盈餘分配及員工分紅盈餘分配及員工分紅盈餘分配及員工分紅 3.85 0.15 4.45 2006 3.0 0.2 3.83 2005 2.3 0.6 3.38 2004 0.15 0.505 股票股利股票股利股票股利股票股利 5.48 3.61 每股盈餘每股盈餘每股盈餘每股盈餘 3.60 2007 2.525 2003 現金股利現金股利現金股利現金股利年度年度年度年度 2.83% 3.52% 4.0% 6.4% 6.4% 股票股票股票股票 4.48% 8.0% 2006 4.0% 8.0% 2005 4.67% 7.5% 2007 8.0% 8.0% 總計總計總計總計 1.6% 2004 1.6% 2003 現金現金現金現金年度年度年度年度
Business Review Gianfranco Lanci President
Brand Products Revenue Breakdown Q1, 2008 US$3,912M (NT$123,245 M) Q1, 2007 US$2,791M (NT$91,856 M) 17% 4% 16% 5% 62% 17% 63% 17% Notebook Desktop PC Notebook Desktop PC Display Others Display Others Note: Others include servers, projector and IA products IT Product is included Gateway 10
Brand Products Revenue by Geography Q1, 2008 US$3,912M (NT$123,245 M) Q1, 2007 US$2,791M (NT$91,856 M) 14% 2% 5% 15% 2% 4% 56% 48% 30% 23% EMEA Pan America EMEA Pan America Asia Pacific Taiwan Asia Pacific Taiwan China China 11
Inventory Turnover Days (ADS) 4 0 IT Products Business 3 0 2 0 1 0 2 6 2 2 2 2 1 4 1 9 1 9 1 7 1 2 1 3 1 5 1 5 1 2 1 4 1 8 1 9 2 2 3 2 3 0 1 9 1 7 2 3 3 2 2 8 2 7 2 3 1 Q '0 2 2 Q '0 2 3 Q '0 2 4 Q '0 2 1 Q '0 3 2 Q '0 3 3 Q '0 3 4 Q '0 3 1 Q '0 4 2 Q '0 4 3 Q '0 4 4 Q '0 4 1 Q '0 5 2 Q '0 5 3 Q '0 5 4 Q '0 5 1 Q '0 6 2 Q '0 6 3 Q '0 6 4 Q '0 6 1 Q '0 7 2 Q '0 7 3 Q '0 7 4 Q '0 7 1 Q '0 8 12
Acer Business Status & Strategy J.T. Wang Chairman & CEO
Q1 08 Top 5 PC Brands Worldwide (Gartner) Market Share Unit Growth Rank Q1 08 Q4 07 Q1 07 YOY 1 HP 18.3% 18.7% 17.5% 17.5% 2 Dell 14.9% 14.2% 13.7% 21.8% 3 9.5% 9.5% 8.5% 25.2% 4 Lenovo 6.7% 7.5% 6.3% 20.8% 5 Toshiba 4.3% 3.9% 4.1% 19.3% Overall Market 12.3% Source: Gartner Q1 08 preliminary data Note: Acer data includes Gateway s consumer shipments and Packard Bell s shipments.
Q1 08 Top 5 PC Brands Worldwide (IDC) Market Share Unit Growth Rank Q1 08 Q4 07 Q1 07 YOY 1 HP 19.1% 19.1% 18.6% 17.4% 2 Dell 15.7% 14.7% 14.8% 21.6% 3 9.9% 9.4% 8.7% 31.0% 4 Lenovo 6.9% 7.5% 6.6% 21.0% 5 Toshiba 4.4% 3.9% 4.2% 20.6% Overall Market 14.6% Source: IDC Q1 08 preliminary data Note: Acer data includes Gateway s shipments.
Acer Merges E-ten to Enter Mobility Market 1. Merger of E-ten announced on Mar 3, 2008. 2. E-ten has complete competence on smart handheld devices. After merger completion, the synergy gained will be huge on sales volume and material cost-down. Acer can become a credible alternative vendor for all channels and telecommunication operators in the worldwide market. 16
3. Notebook PCs and smart handheld devices are going to converge in the coming few years. This M&A will help Acer get ready before the convergence trend gives us pressure. We believe there are a lot of good opportunities for product innovation. 4. The smart handheld device market size is expected to generate more than US$200B in the foreseeable future. The technology and marketing barriers for this business are considered as high. 17
Gemstone Blue Notebook Another excellent performance to demonstrate Acer s winning strategy Transforming market know-how into mainstream business success. 18
Gemstone Blue Notebook Key factors of success: - Acer s innovation has been implemented in a fast and effective way. - Long-term strategic partnerships with key component suppliers. - Acer s marketing competence in channel business model works well. 19
Gemstone Blue Notebook Results: - Good revenue and profit. - Gain image as leader of Full HD, 16:9, Blu-ray, 2nd generation Dolby surround sound notebook vendor. - Acer brand position enhanced. 20
Expenditure Accrual for Bonus 1. Principle for 2008 accounting accrual 18% of PAT but no more than NT$500M/quarter. For example: PAT NT$2.0B accrual: NT$360M PAT NT$3.5B accrual: NT$500M 2. We are working on some proposal to further reduce the percentage of PAT by adding stock option program. The support and approval of shareholders will be solicited. 21