Mar 2015 Sept 2012 INNOVATION BEYOND TECHNOLOGY

Transcription

1 Mar 2015 Sept 2012 INNOVATION BEYOND TECHNOLOGY 1

2 About the VTech Group Locations Headquartered in HKG since 1976 Listed in HKG (HKSE:303) Factories in HouJie, LiaoBu & QingYuan, R&D Center in SZ Operations in 11 countries and regions Employees 30,900 Employees Worldwide 1,500 R&D Professionals & Engineers Financials Financially Strong & Reputation for High Quality 3 Divisions : Phones, Electronic Learning Products & CMS $1,898.9M in Revenue in Fiscal 2014 $900.8M from April 2014 to Sept 2014 (Interim Results) 2 HouJie 1985 LiaoBu 1997 QingYuan 2005 Shenzhen 2008

3 3 VTech Corporate Structure

4 Group Financial Performance FY14 Key Financial Highlights US$M FY13 FY14 Sales 1, ,898.9 Operating Profit Profit Before Tax R&D Expenses Cash on Hand Dividend per Share (US$ Cents) No. of Employee 34,800 30,900 2,400 1,800 1, The Group Turnover in the Past 5 Years 1,713 1,784 1, ,532 FY10 FY11 FY12 FY13 FY14 Sales by Companies US$M Geographic Sales Distribution FY14 5.7% 2.5% N. America Europe Asia Pacific Phone ELP CMS 41.7% Other 0 FY11 FY12 FY13 FY % Phone ELP CMS

5 CMS Sales Distribution FY14 Product Types FY13 A FY14A Pro Audio 36% 40% Power Supplies 16% 14% LED 9% 8% Hearable 17% 18% Industrial Products 6% 3% Sales Growth in CMS FY09A $261M 5% FY10A $281M 8% FY11A $390M 39% FY12A $421M 8% FY13A $460M 9% FY14A $493M 8% Home Appliances 5% 5% Communications 6% 7% Medical 5% 5% Total 100% 100% 6.8% 2.9% 39.3% FY13A FY14A Biggest 20.0% 21.9% Top % 60.7% Top % 74.6% 51.0% FY14A USA Europe Japan Other 5

6 Products in VTech CMS Microwave Oven Commercial Amplifier Radio Device Programmable Amplifie LED Bulb LED Fixture Digital Mixing Consoles Telecom PSU Hearable, 18% Wireless Microphone System Portable Speaker 6 Network PSU Bluetooth Headset

7 The Organization, our Mission & Competence Values CEO Business Support Units Support Unit SBU1 SBU2 SBU3 Our Strategic The Strategy Focus: Organic a) Growth by through Organic existing clients b) Focus on Non-Consumers Type Products Diversified focus on companies and products c) Customers Focus Healthy Balance of Risk vs. Opportunity Business Mission Statement: Business Mission VTech Be the CMS preferred strives business to be partner the preferred of selected EMS Partner customer for segment Global Clients in the EMS and Industry Companies seeking a Manufacturing Partnership based on Quality, Pricing, Support and Manufacturing Competence. OUR ATTRIBUTES & COMPETENCE: Decades of experience allowing creation of dependable supply chain Financially strong with year after year growth history Notable Human Resource focus providing quality customer attention 7

8 CMS Program Management Program Manager PMT Officer PMC Material / Production Planner DE DE & ME Engineer PUR Sourcing Buyer IQC / QA Engineer Logistics Supervisor 8 PMT Group * Quote Preparation * Order Handling * Management of procedure and activities Accounting discussions Material/ Production Planning Group Confirm Material Status with Vendors Confirm Production Planning and Delivery Schedule Technical Support Group * Handling technical issues directly with customers Mechanical engineers responsible for oversight of mechanical parts Purchasing Sourcing Group Overseeing costing from vendors on quotations and alternative items Finding new low cost suppliers for new and existing parts. Quality Assurance Group *Handling all of quality issues: * Failure analysis / corrective action follow-up * Reliabilities testing / evaluation follow-up * Incoming / Outgoing materials quality control Logistics Group Arrange import and export for VTech & customers.

9 Protecting Our Client s Patents and IP IP as the most valuable Asset We fully recognize the importance of the IP & Patent Protection VTech VTE & ELP have the same IP Protection Interest See our Web Site Statement and Details Our Procedures to protect IP NDA or General Confidentiality Agreement Tightly Controlled Documentation and Copying of Doc s Access on an As needed Basis Continuous Training of our Employees Return of all files after the completion of a Project The Result Our Customers and potential Clients are fully protected Our four Buildings as Technology Protection in Projects History and Forward Looking 9 No History of any IP Violation since our Existence Ongoing IP & Patent Awareness Training

10 Manufacturing Facilities CMS Manufacturing Capacity Planning FY12 Actual FY13 Actual FY14 Actual FY15 Actual FY16 Plan Manufacturing Area (M 2 ) 58,000 65,000 65,000 65,000 85,000 Cell Line (lines) Wave Soldering (lines) SMT (lines) Auto Insertion (units) B1 B2 B3 Production Plant CMS Production Plant Phones Canteen & Entertainment Dormitory B4 B9 set up will likely happen in FY15 in view of current business forecast B9 B8 B5 B6 B7 10

11 Sustainability Our sustainability vision is to design, manufacture and supply innovative and high quality products in a manner that minimizes any impact on the environment, while creating sustainable value for our stakeholders and the communities. 1) Product Responsibility & Innovation 2) Environmental Protection 3) Workplace Quality 4) Sustainable Operating Practices 5) Community Investment 11

12 CMS Manufacturing Capabilities CMS 650K Sq. Ft. manufacturing areas SMT, Thru-Hole, RoHS, REACH, ISO9001, ISO14001, ISO13485, TS16949, ISO18001, SA8000 ANSI ESD S20.20 for all production floors Manufacturing Capabilities 19 Fuji SMT Lines, State-of-the-Art Equipment ICT, AOI, ATE, FAT Chip on Board in Class 1,000 Clean Room Class 10,000 Clean Room for precise products Burn-in Chambers, X-Ray Inspection, Automation process Special Processes & Testing Conformal Coating, Burn-In Reliability life tests e.g. drop test, high/low temp cycle Plastics in VTech 12 In-House Mfg. and Tooling 400 Injection Molding Stations, Up to 850 Tons Over-Molding, Mechanical

13 Automated PCB Assembly & Test Robotic VR Insertion Auto Switch Press Fitting Selective Soldering Robotic Soldering Auto Screw Fastening Auto PCBA Testing 13 Dedicated automation team Deployment of self-developed & off-the-shelf automation

14 Products Assembly Single-Piece-Flow Line Work Cell Work Bench Applicability Mid to high volume production Small to mid size products Low product / process complexity Benefits Eliminate WIP staging Cycled time balanced Applicability Mid volume production, Mid to large size products Mid product / process complexity Benefits Eliminate batch queuing Quick changer over Maintain single-piece flow on larger products Applicability Low to mid volume production, Mid to large size products High product / process complexity Benefits Attention to details on sub-module assemblies Simplify final assembly & increase first pass for complicated box build 14 Options to apply several lean manufacturing flows Improvement under high mix low volume environment in labor efficiency, inventory control, floor space, cycle time & process handling is possible

15 Quality Management System Quality System Model Quality & Environment System ISO18001 ISO9001 ISO14001 ISO13485 ANSI/ESD S20.20 TS16949 SA8000 System and Process audit Customer VTech Tracking System Identification & Traceability Material Product barcode barcode system system Equipment Control Statistical Techniques Customer 15 Customer request & PO review Material planning (MRP) & PO release Material received Vendor Rating System & Improvement Program Vendors IQC Manufacturing Process control In-process Quality Control Production Outgoing Quality Assurance Inspection & Test Outgoing Quality Assurance Storage, Packaging & Delivery

16 R&D Support and Design Support Our Support Includes: Product Design, ID Support, Cost-Down Re-design Electronics including Hardware & Software Design Mechanical, Structural & Assembly Design PCB Re-design, Upgrades and Re-spin Convert a Conceptual Product into Volume Production Typical Applications and Competence HW & SW developments for MCU, MPU, ARM processors, etc. Drivers and Embedded System Development RF, Wireless, Audio, Consumer Electronics, Medical, Telecom, Energy-Star & Saving Convert an Electronic Schematic to PCB Gerber Data NPI Design for Manufacturability (DFM) Sample Production and Design Verification & Validation Next Generation Design, Cost Reduction, Spec Upgrades Resources 16 Design Awarded R&D Group located in Shenzhen Professional Audio Test Lab Effective & Accurate Design Simulation Software Approx. 40 Engineers & Technicians support design professionally

17 Pro Audio Test Laboratory Facilities Listening Room Accreditation South China National Centre of Metrology Features Test Frequency 125Hz-8KHz Background noise 28dB or below Sound isolation 55dB in average Parametric, Functional & Listening testing ITU-R BS standard Acoustic Room Accreditation South China National Centre of Metrology Features Test Frequency 200Hz-20KHz Background noise 28dB or below Sound isolation 55dB in average Parametric testing ISO standard 17 VTech R&D Center Audio Test Laboratory with its state-of-art equipments allows audio product testing to be carried out in house with a shorter turnaround time

18 18 Thank You!