2009-4-29 acer q1 2009 investor conference (print) - e · 2017-04-19 · 6 consolidated balance...
Post on 19-Jun-2020
0 Views
Preview:
TRANSCRIPT
Acer Inc.Q1, 2009
Investor Conference
April 29, 2009
www.acer.com
1
� The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties
� Acer’s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future, based on current available information and underlying assumptions.
� Acer does not warranty their accuracy, reliability and completeness. There are a number of factors such as economic conditions, firms abilities, industry environment that could cause actual results and developments to differ materially from those expressed or implied by forward looking statements. Investors should not place undue reliance on them.
Legal Disclaimer
Consolidated Financial Results
Howard Chan
CFO
3
Consolidated Income Statement (1st Quarter)(ROC GAAP-comparison base)
- 6%2.2%2,7382.2%2,571Operating Income - GAAP
2.3%2,9521.7%2,026PAT
1.210.78EPS
2.6%3,3032.4%2,755PBT
0.4%5650.2%185Non-Operating Income
-13%8.4%10,7277.8%9,348Operating Expenses
-11%10.6%13,46510.0%11,918Gross Profit
- 7%100%127,376100%119,086Revenue
ChangeChange1Q1Q’’08081Q1Q’’0909(NT$ Million)
Note: Figures in 1Q’09 are un-audited
4
Consolidated Revenue and Gross Margin
0
25,000
50,000
75,000
100,000
125,000
150,000
175,000
(NT
$ M
illio
n)
0.0%
5.0%
10.0%
15.0%
Revenue 82,518 104,184 82,996 72,855 94,726 118,516 99,513 93,520 121,934 147,099127,376124,791159,163134,944119,086
Gross Margin 9.9% 10.3% 10.7% 10.7% 10.0% 10.8% 9.5% 10.6% 10.3% 10.3% 10.6% 10.8% 10.1% 10.6% 10.0%
Revenue Growth 47% 47% 26% 11% 15% 14% 20% 28% 29% 24% 28% 33% 31% -8% -7%
3Q'05 4Q'05 1Q'06 2Q'06 3Q'06 4Q'06 1Q'07 2Q'07 3Q'07 4Q'07 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09
1Q, 2009 Revenue Growth: 1Q, 2009 Revenue Growth: --7% Y/Y7% Y/Y
Note: The figures include Gateway since 4Q’07, Packard Bell since 1Q ’08 and E-ten since 3Q’08
5
Consolidated Operating Income
0
1,000
2,000
3,000
4,000
5,000
(NT
$ m
illio
n)
0.0%
1.0%
2.0%
3.0%
4.0%
Op. Income 1,778 2,272 1,925 1,516 1,976 2,396 1,947 1,961 2,807 3,469 2,738 2,710 4,650 3,975 2,571
Op. Margin - % 2.2% 2.2% 2.3% 2.1% 2.1% 2.0% 2.0% 2.1% 2.3% 2.4% 2.2% 2.2% 2.9% 2.9% 2.2%
3Q'05 4Q'05 1Q'06 2Q'06 3Q'06 4Q'06 1Q'07 2Q'07 3Q'07 4Q'07 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09
Note: (a) The figures include Gateway since 4Q’07, Packard Bell since 1Q ’08, and E-ten since 3Q’08
(b) The figures have expensed employee bonuses and board of directors’ remuneration since 2008.
6
Consolidated Balance Sheet
4%9,3374%10,331Short-term borrowings
2%4,1352%4,119Long-term Debt
14%34,74714%37,656Intangible asset
45%108,71337%98,058Notes & Account receivable
30%72,30631%80,509Account payable
34%82,87833%86,242Total Shareholders' Equity
66%160,56567%176,236Total Liabilities
61%149,31563%164,688Current Liabilities
27%67,672 28%73,848 Other current liabilities
100%243,442100%262,478Total Asset
1%3,1971%3,383Others
5%12,3335%12,252Property, plant and equipment
Dec. 31, 2008Dec. 31, 2008
3%6,7743%7,446Long-term Investment
77%186,39177%201,741Total Current Assets
6%13,5396%15,525Others
16%40,02813%33,622Inventory
1%1,9690%622Financial Assets-Current
9%22,14221%53,914Cash and cash equivalence
Current Assets
Mar. 31, 2009Mar. 31, 2009(NT$ Million)
Dividend Policy (NT$ per share)
3.850.154.452006
3.600.155.482007
3.00.23.832005
0.10
Stock
4.72
EPS
2.002008
CashYear
Business Review
Gianfranco Lanci
Acer Inc. CEO & President
Acer Brand Market Position (Q1 ’09 Preliminary)
10
WW TOTAL PC MARKET: TOP VENDORS
WW NOTEBOOK MARKET: TOP VENDORS
#219.6% Market Share
#312.8% Market Share
Gartner Q1 09
0%
4%
8%
12%
16%
20%
2001 2002 2003 2004 2005 2006 2007 2008 Q1
2009
Dell
HP
Acer
Lenovo
Toshiba
0%
4%8%
12%16%
20%24%
2001 2002 2003 2004 2005 2006 2007 2008 Q1
2009
HP
Dell
Acer
Toshiba
Lenovo
11
US PC MARKET: TOP VENDORS
US NOTEBOOK MARKET: TOP VENDORS
#313.6% Market Share
0%
4%
8%
12%
16%
20%
24%
28%
32%
HP Dell Acer Apple Toshiba
Q1 08 Q1 09
#316.8% Market Share
Gartner Q1 09
0%
4%
8%
12%
16%
20%
24%
28%
HP Dell Acer Toshiba Apple
Q1 08 Q1 09
12
EMEA PC MARKET: TOP VENDORS
EMEA NOTEBOOK MARKET: TOP VENDORS
#126.6% Market Share
#219.1% Market Share
Gartner Q1 09
0%
3%
6%
9%
12%
15%
18%
21%
HP Acer Dell Toshiba ASUS
Q1 2008
Q1 2009
0%
3%
6%9%
12%
15%
18%21%
24%
27%
Acer HP Toshiba Dell ASUS
Q1 2008
Q1 2009
13
ASIA PC MARKET: TOP VENDORS
ASIA NOTEBOOK MARKET: TOP VENDORS
#313.9% Market Share
#47.3% Market Share
Gartner Q1 09
0%
3%
6%
9%
12%
15%
Lenovo HP Dell Acer ASUS
Q1 2008
Q1 2009
0%3%6%9%
12%15%18%21%
HP Lenovo Acer ASUS Dell
Q1 2008
Q1 2009
14
LA PC MARKET: TOP VENDORS
LA NOTEBOOK MARKET: TOP VENDORS
#220.7% Market Share
#37.6% Market Share
Gartner Q1 09
0%
3%
6%
9%
12%
15%
HP Dell Acer Positivo Lenovo
Q1 2008
Q1 2009
0%4%8%
12%16%20%24%28%32%
HP Acer Dell Toshiba Positivo
Q1 2008
Q1 2009
15
IT Product Revenue Breakdown by Geography
49%
30%
14%
2% 5%
EMEA Pan America
Asia Pacific Taiwan
China
Note: (a) Asia Pacific excluding Greater China (Taiwan, HK, and Mainland China)
(b) EMEA stands for Europe, Middle East and Africa
Q1, 2009 US$3,400M
(NT$115,701 M)
48%
31%
14%
2% 5%
EMEA Pan America
Asia Pacific Taiwan
China
Q1, 2008 US$3,912M
(NT$123,245 M)
16
IT Product Revenue Breakdown (Netbook Combined)
Note: Others include servers, projector and IA products
63%17%
17%3%
Notebook Desktop PC
Display Others
Q1, 2009 US$3,400M
(NT$115,701 M)
Q1, 2008 US$3,912M
(NT$123,245 M)
68%
17%
12%3%
Notebook Desktop PC
Display Others
17
17
19
22
32
30
17
23
32
28
23
27
34
28
3031
191919
1312
15 15
1214
18
10
20
30
40
1Q
'03
2Q
'03
3Q
'03
4Q
'03
1Q
'04
2Q
'04
3Q
'04
4Q
'04
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
2Q
'08
3Q
'08
4Q
'08
1Q
'09
Inventory Turnover Days (ADS)
IT Products Business IT Products Business
18
Operating Expenses as % of Total Revenue
IT Product Business IT Product Business
7.2%
8.0%
7.5%
8.07%
8.02%
8.75%8.80%
6.58%
7.61%
7.72%
7.48%
8.23%
7.65%
8.00%
7.75%7.4%
7.4%7.8%
7.6%
6.6%
7.0%
0.0%
8.0%
Q1 Q2 Q3 Q4
Y2004 Y2005 Y2006 Y2007 Y2008 Y2009
How to Keep Acer’s Growing
Momentum
J.T. Wang
Chairman & Acer Group CEO
20
Two Strategic Approaches in My Mind
1. Multi-brand
2. Technology set of Aspire Timeline
21
Conclusion
Continually growing quantity and
gaining market share is highly
possible in 2009.
top related