Acer Inc. Q1, 2009 Investor Conference April 29, 2009

Transcription

1 Acer Inc. Q1, 2009 Investor Conference April 29,

2 Legal Disclaimer 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. 1

3 Consolidated Financial Results Howard Chan CFO

4 Consolidated Income Statement (1 st Quarter) (ROC GAAP-comparison base) (NT$ Million) 1Q 09 1Q 08 Change Revenue 119, % 127, % - 7% Gross Profit 11, % 13, % -11% Operating Expenses 9, % 10, % -13% Operating Income - GAAP 2, % 2, % - 6% Non-Operating Income % % PBT 2, % 3, % PAT 2, % 2, % EPS Note: Figures in 1Q 09 are un-audited 3

5 Consolidated Revenue and Gross Margin 1Q, 2009 Revenue Growth: -7% Y/Y 175, % 150,000 (NT$ Million) 125, ,000 75,000 50, % 5.0% 25, Q'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 0.0% Revenue 82, ,184 82,996 72,855 94, ,516 99,513 93, , ,099127,376124, ,163134, ,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% Note: The figures include Gateway since 4Q 07, Packard Bell since 1Q 08 and E-ten since 3Q 08 4

6 Consolidated Operating Income 5, % 4, % (NT$ million) 3,000 2, % 1, % 0 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 0.0% 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% 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

7 Consolidated Balance Sheet (NT$ Million) Mar. 31, 2009 Current Assets Cash and cash equivalence 53,914 21% Notes & Account receivable 98,058 37% Financial Assets-Current 622 0% Inventory 33,622 13% Others 15,525 6% Total Current Assets 201,741 77% Dec. 31, , ,713 1,969 40,028 13, ,391 9% 45% 1% 16% 6% 77% Long-term Investment Property, plant and equipment Intangible asset Others Total Asset 7,446 12,252 37,656 3, ,478 3% 5% 14% 1% 100% 6,774 12,333 34,747 3, ,442 3% 5% 14% 1% 100% Short-term borrowings Account payable 10,331 80,509 4% 31% 9,337 72,306 4% 30% Other current liabilities 73,848 28% 67,672 27% Current Liabilities Long-term Debt Total Liabilities Total Shareholders' Equity 164,688 4, ,236 86, % 2% 67% 33% 149,315 4, ,565 82,878 61% 2% 66% 34%

8 Dividend Policy (NT$ per share) Year EPS Stock Cash

9 Business Review Gianfranco Lanci Acer Inc. CEO & President

10 Acer Brand Market Position (Q1 09 Preliminary)

11 WW TOTAL PC MARKET: TOP VENDORS #3 12.8% Market Share WW NOTEBOOK MARKET: TOP VENDORS #2 19.6% Market Share Gartner Q % 16% 12% 8% 4% 0% 24% 20% 16% 12% 8% 4% 0% Q Q Dell HP Acer Lenovo Toshiba HP Dell Acer Toshiba Lenovo

12 US PC MARKET: TOP VENDORS #3 13.6% Market Share US NOTEBOOK MARKET: TOP VENDORS #3 16.8% Market Share 32% 28% 24% 20% 16% 12% 8% 4% 0% 28% 24% 20% 16% 12% Q1 08 Q1 09 HP Dell Acer Apple Toshiba Q1 08 Q1 09 Gartner Q1 09 8% 4% 0% HP Dell Acer Toshiba Apple 11

13 EMEA PC MARKET: TOP VENDORS #2 19.1% Market Share 21% 18% 15% 12% 9% 6% 3% Q Q % HP Acer Dell Toshiba ASUS EMEA NOTEBOOK MARKET: TOP VENDORS Gartner Q1 09 #1 26.6% Market Share 27% 24% 21% 18% 15% 12% 9% 6% 3% 0% Q Q Acer HP Toshiba Dell ASUS 12

14 ASIA PC MARKET: TOP VENDORS #4 7.3% Market Share 15% 12% 9% 6% 3% Q Q % Lenovo HP Dell Acer ASUS ASIA NOTEBOOK MARKET: TOP VENDORS Gartner Q1 09 #3 13.9% Market Share 21% 18% 15% 12% 9% 6% 3% 0% HP Lenovo Acer ASUS Dell 13 Q Q1 2009

15 LA PC MARKET: TOP VENDORS #3 7.6% Market Share 15% 12% 9% 6% 3% Q Q LA NOTEBOOK MARKET: TOP VENDORS Gartner Q1 09 #2 20.7% Market Share 0% 32% 28% 24% 20% 16% 12% 8% 4% 0% HP Dell Acer Positivo Lenovo Q Q HP Acer Dell Toshiba Positivo 14

16 IT Product Revenue Breakdown by Geography Q1, 2009 US$3,400M (NT$115,701 M) Q1, 2008 US$3,912M (NT$123,245 M) 2% 5% 2% 5% 14% 14% 49% 48% 30% 31% EMEA Pan America EMEA Pan America Asia Pacific Taiwan Asia Pacific Taiwan China China Note: (a) Asia Pacific excluding Greater China (Taiwan, HK, and Mainland China) (b) EMEA stands for Europe, Middle East and Africa 15

17 IT Product Revenue Breakdown (Netbook Combined) Q1, 2009 US$3,400M (NT$115,701 M) Q1, 2008 US$3,912M (NT$123,245 M) 12% 3% 17% 3% 17% 68% 17% 63% Notebook Desktop PC Display Others Notebook Desktop PC Display Others Note: Others include servers, projector and IA products 16

18 Inventory Turnover Days (ADS) 40 IT Products Business Q'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 17

19 Operating Expenses as % of Total Revenue IT Product Business Y2004 Y2005 Y2006 Y2007 Y2008 Y % 8.75% 8.0% 7.72% 7.65% 7.6% 7.2% 7.0% 8.00% 8.0% 7.61% 7.8% 8.07% 8.02% 8.23% 7.75% 7.4% 7.5% 7.48% 7.4% 6.58% 6.6% 0.0% Q1 Q2 Q3 Q4 18

20 How to Keep Acer s Growing Momentum J.T. Wang Chairman & Acer Group CEO

21 Two Strategic Approaches in My Mind 1. Multi-brand 2. Technology set of Aspire Timeline 20

22 Conclusion Continually growing quantity and gaining market share is highly possible in