SINBON 2014Q4 Results & Prospects. Prepared By Finance Department 2015/3/16

Transcription

1 SINBON 2014Q4 Results & Prospects Prepared By Finance Department 2015/3/16

2 Safe Harbor Notice This presentation contains forward looking statements and is subject to significant risks and uncertainties. Actual results may differ materially from those in the forward looking statements. 2

3 SINBON Briefing Year to Date Performance Financial Records Business Outlook 3

4 SINBON Briefing 4

5 Who We Are Founded in 1989, we are a solution provider of electronic integration, covering component design, manufacturing, distribution services as well as wireless component. Founding year: 1989 Legal status: Listed on Taiwan Stock Exchange Corporation (Code # 3023) Capital: USD 69 million (TWD 2.08 billion) 5

6 Business Trend Data Capture Medial Health Industrial Field Green Energy Automotive Mobile Phone LCD Panel Notebook PC Consumer Electronics Industries (Standard & limited profit ) > > > Niche Market & Industrial field (customized with value-added) Key technology & capacity for vertical integration PCB Raw Cable Tooling Design Module Design, etc. Core competitiveness Cable Assembly EE, ME, Soft Ware, and Firm Ware Engineering Value sourcing platform Swift & Integrated Service, etc. 6

7 Business Coverage Field Automotive Communication Green Energy Medical Health Industrial Application Cable Assembly PCB Assembly Sub-unit / Box Build Connectors/ Components Notes: Components refer to HRS connector, Crystal & Oscillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc. 7

8 Medical Health 健康照護 Automotive 汽車領域 Major Customers Green Energy 綠能產業 - Industrial Application 工業應用 Communication 通訊相關 8

9 SINBON s Successful Cooperation with ASML Complexity Cable Assembly (External Use) Bundle Assembly (Internal Use) Sheet Metals Bundles in Chain NPI* Cables & Bundles Track User Interface Box PCB Assembly Power Supply Service Unit Control Box Wet Vacuum Control Rack Cabinet Number of Buy Items Q2 *NPI = New Product Introduction 9

10 SINBON s Successful Cooperation with Symbol (Motorola) Complexity Cable Assembly Barcode Scanner Data Cable Cable + PCB Assembly Barcode Scanner Data Cable Terminal Data Cable Terminal Car Charger Box-BuildBuild Terminal Charging Cradle Terminal Battery Charger

11 SINBON s Successful Cooperation with Datalogic Complexity Cable Assembly 70% Cable Assembly Barcode Scanner Cable Hand-held Scanner Cable Mobile Computer Cable Cable + PCB Assembly Laser Scanner Accessory Hand-held Scanner Accessory PCB Assembly + Box-BuildBuild PCBA for Laser Marking Device CCD Barcode Scanner Laser Barcode Scanner Mobile Computer Battery Charger Connectivity Box

12 SINBON s Successful Cooperation with Trimble OEM Great Honor Became preferred supplier ODM A Trustworthy Partner For the first time, Trimble decided to manufacturer their product out side of USA Customized Solution A Value-Added Service Partner SINBON can solve customer s problem which pursued them for a long time Cable for Survey Instrument Cable for Agriculture Application Cable + PCBA for Mobile Resource Management Custom Connector & Solution 12

13 SINBON s Successful Cooperation with GE : Received Best supplier/ Best quality and management/ Excellent in compliance awards Processed GE Beijing supplied material Won GE Beijing Best Supplier award Supplied control cable & Cable harness Supplied power cable (2010) Signed OEM agreement with GE Beijing Entered supply chain of GE Power & Water, Energy Management, Oil & Gas, Transportation in 2003 Upgraded to a Strategic Cable Assembly Supplier by GE global GE service coverage : China (Beijing, Wuxi, Chengdu); USA( Waukesha); India; Brazil; Finland; Singapore; Vietnam; Germany; Poland; Canada; Japan Achieved sales of $18M Entered supply chain of GE HC in 2002 Supplied customized cable assembly for the diagnostic equipment, such as X-ray, surgery, LSS, lunar,ultrasound, patient monitor, MR, and CT OEM PCBA for GE HC ODM Cable + PCBA 13

14 SINBON s Success in Healthcare & Telemedicine Telemedicine Medical Device Application of Telemedicine System Complexity Remote Patient Monitoring System I Remote Patient Monitoring System II App for ECG Recorder (DR.APP) ECG/EKG Recorder Wrist Pulse Oximeter TiltMon Fingertip Oximeter Baby Kick Track Infrared Ear Thermometer Breeze Nebulzier Infrared Ear Thermometer (forehead) Complete Telemedicine Solution HRM Sensor Module (Duel-LED) Medical Device + Telemedicine (Hardware) Telemedicine System (Cooperate with NTUH) Telemedicine System (Software) +SIP Module

15 Global Service Network UK China Korea Japan USA Taiwan Headquarter Headquarter Sales / Marketing Offices Manufacturing Sites R&D Offices -Taipei, Taiwan -Seattle, USA -New York, USA -Chicago, USA -Nashville, USA -Manchester, UK -Nagoya, Japan -Inchon, Korea -Taipei, Taiwan -Beijing, China -Qingdao, China -Jiangyin, China -Shanghai, China -Tongcheng, China -Shenzhen, China -Xiamen, China -Chongqing, China (Planning) -Miaoli, Taiwan -Beijing, China -Jiangyin, China -Tongcheng, China -Nashville, USA -Taipei, Taiwan -Beijing, China -Jiangyin, China -Tongcheng, China Hubs -Seattle, USA -Nashville, USA -Orlando, USA 15

16 Manufacturing Site Beijing Cable PCBA Miaoli Beijing Tongcheng Jiangyin Cable PCBA Cable Jiangyin plant I Jiangyin plant II Jiangyin raw cable plant Miaoli Cable PCBA Tongcheng 16

17 Beijing Manufacturing Plant Features: Cable Assembly High Mix Low Volume (ex. medical, industrial ) Space: 84,122 ft 2 Manpower: 508 Workmanship Standard Compliance: IPC-610, Class2 ISO 9001 IPC-620, Class 2 ISO UL ISO OHSAS 18001:2007 Green Partner (Sony) Back 17

18 Jiangyin Manufacturing Plant Features: Cable / PCBA / Box build High Mix Low Volume / High Volume Low Mix (cover diverse industries) Space: Plant I- 139,933 ft 2, II- 230,890 ft 2, III- 21,528 ft 2 Manpower: 2,612 Workmanship Standard Compliance: IPC-620, Class 2 ISO 9001 Eco-Partner IPC-610, Class 2 ISO UL TS ISO Green Partner Back 18

19 Tongchen Manufacturing Plant Features: Cable Assembly High Volume Low Mix (ex. IT, consumer electronics, industrial control machine and vehicle fields ) Space: 64,585 ft 2 Manpower: 550 Workmanship Standard Compliance: ISO 9001 IPC-620 EICC ISO14001 UL Green Partner (Canon) Back 19

20 Miaoli Manufacturing Plant Features: Cable Assembly PCB Assembly High Mix Low Volume (ex. industrial, semiconductor, auto charger ) Available Space: 78,168 ft 2 Manpower: 223 Workmanship Standard Compliance: IPC-610, Class 2 IECQ ISO IPC-620, Class 2 UL ISO 9001 ISO GMP ISO Back 20

21 Year To Date Performance 21

22 Monthly Consolidated Revenue NTD K Jan 1,042, , , ,024 Feb 911, , , ,494 Mar 953, , ,285 Apr 991, , ,605 May 1,010, , ,160 Jun 1,016, , ,943 Jul 1,018, , ,665 Aug 982, , ,119 Sep 996, , ,480 Oct 972, , ,252 Nov 972, , ,776 Dec 943, , ,000 1,953,638 11,647,291 10,576,263 10,012,803 PS: All are non-audited monthly numbers 1,200,000 1,000, , , , ,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

23 Last 5 Quarters Result Highlight (NTD in thousand) Q4'14 Q3'14 Q2'14 Q1'14 Q4'13 Net Sales 2,892,166 2,989,579 3,019,801 2,741,173 2,641,592 Gross Profit 628, , , , ,671 Gross Profit % 21.71% 21.73% 21.72% 21.77% 22.28% Operation Income 188, , , , ,534 Non-operating Income (1,101) 41,242 39,728 62,888 31,284 Non-operating Expenses (24,072) (8,827) (8,364) (8,562) (32,966) Income before Taxes 163, , , , ,852 Income Taxes (24,763) (65,154) (99,943) (78,715) (53,521) Minority Interests (8,822) (422) (5,101) (4,460) (35,877) Net Income 147, , , , ,208 Net Profit % 5.11% 7.54% 7.28% 7.32% 5.72% EPS (NTD in dollars) Stockholders' Equity 5,019,057 4,756,643 4,482,739 4,811,817 4,653,253 ROE (quaterly) 2.94% 4.74% 4.91% 4.17% 3.25% 23

24 Revenues by Market Segment I Unit:NTD in thousand Industry Sub-Total Sub-Total Increase (Decrease) % GREEN ENERGY 2,047,192 1,774, ,168 15% INDUSTRIAL APPLICATION 2,787,939 2,123, ,067 31% MEDICAL HEALTH 1,251,082 1,263,267 (12,186) -1% AUTOMOTIVE 1,233, , ,881 39% COMMUNICATION 4,323,335 4,506,807 (183,471) -4% Total 11,642,719 10,555,261 1,087,458 10% 24

25 Revenues by Market Segment II 2014 Jan ~ Dec Revenue by Market Segment 2013 Jan ~ Dec Revenue by Market Segment COMMUNICATION 37% GREEN ENERGY 17% COMMUNICATION 43% GREEN ENERGY 17% AUTOMOTIVE 11% MEDICAL HEALTH 11% INDUSTRIAL APPLICATION 24% AUTOMOTIVE 8% MEDICAL HEALTH 12% INDUSTRIAL APPLICATION 20% 25

26 Financial Ratio Ratio Debt Ratio 53.70% 50.42% 51.52% Long-term funds to property, plant and equipment Ratio % % % Current Ratio % % % Quick Ratio % % % Times Interest Earned Ratio A/R Turnover A/P Turnover Inventory Turnover Property,plant and equipment turnover Total Assets Turnover ROA 6.08% 7.00% 8.10% ROE 12.58% 13.88% 15.92% Profit before tax to capital 36.25% 41.75% 50.25% Net Profit Rate 4.78% 5.76% 6.66% EPS (NT$) PS: You may download completed financial statements at 26

27 Financial Records 27

28 Revenue Achievements Revenue 8,347,023 8,922,135 10,011,618 10,555,261 11,642,719 NTD in thousand

29 Profitability Gross Profit 21.36% 21.30% 21.50% 21.49% 21.73% 1,782,557 1,900,476 2,152,815 2,268,093 2,530,400 NTD in thousand Net Profit 6.82% 6.28% 4.83% 5.01% 5.48% 402, , , , ,752 NTD in thousand

30 Last 5-Year Dividend Policy EPS (NT$) Cash Dividend (NT$) Stock Dividend (NT$) SUM Payout Ratio 76% 68% 68% 78% 79% EPS (NT$) Cash Dividend (NT$) Stock Dividend (NT$) 30

31 Business Outlook 31

32 Business Coverage MAGIC Medical Health Automotive Green Energy Industrial Application Communication 32

33 Application Medical Health Major Customers Positron Emission Tomography Ultrasound Equipment Magnetic Resonance Imaging Patient Monitor Radiography (X-Ray) 33

34 Application Automotive Major Customers Automotive Audio & Video systems Oxygen Sensor Parking Related Device Car Charger - Industrial EV Charger 34

35 Green Energy Application Major Customers Solar (Micro-inverter, Central inverter, DC-Converter) Wind Turbine (Hub, Nacelle, Tower, Tower base) 35

36 Application Industrial Application Major Customers Energy Distribution Electrical Control Cabinet Industrial Cooling System Automation and Control Nuclear Power Cabinet Sensor Control Diagnostic Equipment 36

37 Application Industrial Application Major Customers Construction & Transportation Agriculture Equipment Marking and Image Coding Industrial Printing Equipment 37

38 Industrial Application Application Major Customers Semiconductor Equipment Cradle and PDA 38

39 Application Communication Major Customers

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