CyberLink(5203.TW) The Innovative Solutions Provider for the Connected Digital Lifestyle. Credit Suisse Asian Technology Conference

Transcription

1 CyberLink(5203.TW) The Innovative Solutions Provider for the Connected Digital Lifestyle Credit Suisse Asian Technology Conference Sept. 9th, 2010 Safe Harbor Notice The following pages contain projections & estimates of financial information as well as market and product developments for future periods. These projections & estimates are based on information currently available which we believe to be reliable, but they involve risks & uncertainties. Our actual results of operations & financial condition may differ significantly from those contained in the projections & estimates. The projections & estimates should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally. 2 1

2 Agenda H Financial Results Business Review Total Solutions on 3D Solution on Next Generation CPU for Content Portability over Devices Summary Q&A 3 H Financial Results 4 2

3 Financial Highlights for H1-10 Revenues Q2-10 at NT$1.18B, up 7.7% Y/Y and down 7.7% Q/Q H1-10 at NT$2.45B, up 15% Y/Y Seasonality and growth in line with expectation Operating income Q2-10 at NT$282.1M, up 11.8% Y/Y and down 18.8% Q/Q, margin rate 23.99%. H1-10 at NT$629.8M, up 38.7% Y/Y strongly; operating margin rate at 25.7% versus 21.3% in the same period last year, signifying a very healthy recovery EPS For H1-10 Basic EPS before tax at NT$5.41, after tax at NT$3.97 Effective tax rate Higher rate in H1-10 primarily due to decreased tax credits from 2010 by the change of official policy. Cash, cash equivalent & short-term investment Over NT$5B or 67% of total assets. Continuous and solid cash stream from operations 5 H1 Revenue & Operating Income 3,000 In NT$M 2,500 2,000 1,500 Revenue Opt Income 1,468 1,702 2,097 2,131 2,450 1, H1-06 H1-07 H1-08 H1-09 H

4 Quarterly Revenue Trend 1,400,000 In NT$K 1,200,000 1,000, , , , ,000 0 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q4-09 Q1-10 Q Monthly Revenue Trend 1,000, ,000 FY09 In NT$K FY10 500, ,000 - M1 M2 M3 M4 M5 M6 M7 M8 M9 M10 M11 M12 More revenues concentrate in the quarterend due to quarterly license reports from OEM customers 8 4

5 Income Statement Q Y/Y In NT$K Q % Q % Y/Y Net sales 1,176, % 1,091, % 7.7% Cost of goods Sold (3,746) 0.3% (6,869) 0.6% -45.5% Gross Profit 1,172, % 1,084, % 8.1% Operating Expense (890,193) 75.7% (832,730) 76.3% 6.9% R&D (174,221) 14.8% (154,134) 14.1% 13.0% S&M (675,603) 57.4% (628,597) 57.6% 7.5% G&A (40,370) 3.4% (49,999) 4.6% -19.3% Operating Income 282, % 252, % 11.9% Non Operating Income % (56,139) -5.1% 100.9% Income before Tax 282, % 196, % 44.1% Income after Tax 205, % 163, % 25.7% 9 Income Statement Q Q/Q In NT$K Q % Q % Q/Q Net sales 1,176, % 1,274, % -7.7% Cost of goods Sold (3,746) 0.3% (4,418) 0.3% -15.2% Gross Profit 1,172, % 1,269, % -7.7% Operating Expense (890,193) 75.7% (922,260) 72.4% -3.5% R&D (174,221) 14.8% (176,349) 13.8% -1.2% S&M (675,603) 57.4% (696,019) 54.6% -2.9% G&A (40,370) 3.4% (49,892) 3.9% -19.1% Operating Income 282, % 347, % -18.8% Non Operating Income % (3,898) 0.3% 112.5% Income before Tax 282, % 343, % -17.8% Income after Tax 205, % 254, % -19.4% 10 5

6 Income Statement H Y/Y In NT$K H % H % Y/Y Net sales 2,450, % 2,131, % 15.0% Cost of goods Sold (8,164) 0.3% (11,449) 0.5% -28.7% Gross Profit 2,442, % 2,119, % 15.2% Operating Expense (1,812,453) 74.0% (1,665,478) 78.2% 8.8% R&D (350,570) 14.3% (309,039) 14.5% 13.4% S&M (1,371,622) 56.0% (1,250,246) 58.7% 9.7% G&A (90,262) 3.7% (106,193) 5.0% -15.0% Operating Income 629, % 454, % 38.7% Non Operating Income (3,409) 0.1% (13,337) 0.6% 74.4% Income before Tax 626, % 440, % 42.1% Income after Tax 459, % 372, % 23.5% Basic EPS before Tax % Basic EPS after Tax % 11 Dividend Info Record Date : Sept. 22, 2010 Ex-Dividend Date : Sept. 17, 2010 Cash dividend Stock dividend Total NT$6.398/share NT$0.078/share NT$6.476/share 12 6

7 Business & Product Updates 13 Total Solution on 3D (Playback, Convert, Webcam, Creativity) 3D Playback (PowerDVD) 3D Conversion (TrueTheater 3D) 3D Webcam (YouCam 3D) 3D Creator (Media3D) Blu-ray 3D playback 3D video playback 3D Photo playback 2D 3D video playback (together with TTHD) 2D 3D photo playback 2D 3D Video conversion (on both SD and HD videos) 2D 3D photo conversion Support Dual & Single webcams 3D Live Preview Record 3D videos Capture 3D photos Playback recorded 3D video/photo Direct upload 3D video to YouTube 3D Create 3D Photo Slideshow using regular 2D photos Share created 3D photo slideshows through cloud With video & photo 2D 3D in PowerDVD, YouCam 3D, and Media3D, we make available a vast amount of 3D contents! 14 7

8 New Upgrade Your Media Experience to HD & 3D Blu-ray 3D movie playback Native video/photo playback 2D-to-3D DVD/video playback 2D-to-3D photo playback Mark II 15 PowerDVD 3D New Wins PDVD 1 st time phase in Japanese branded PCs 16 8

9 2010/9/10 All-in-one desktop with dual webcam running YouCam 3D 17 Two webcams 3D webcams Capture dual webcam videos Regular Single Webcams CyberLink TrueTheater 3D Transform 2D webcam image to 3D 18 9

10 2010/9/10 Content Portability over Devices Leveraging the power of Intel s Next Gen CPU, SandyBridge 19 Users have increasing demands to transfer media content to devices, but figuring out supported formats, profiles, codecs, etc is confusing and difficult. AVI MPEG WMV WTV Transfer to Devices 20 10

11 MediaEspresso Turns it Fast & Easy Ultra Fast Transcoding Support all types of hardware accelerations Intel Next Generation CPU SandyBridge AMD Next Generation CPU Fusion NVIDIA CUDA hardware encode Smart Detect to recognize connected mobile device & automatically apply best suitable profile for that device By leveraging SandyBridge snew dedicated HW encoder, MediaEspressooffers much faster transcodingperformance compared to current generation CPU PC serves as Digital Hub in the Home Cloud, but content needs to be anywhere on any device

12 Digital Hub for Mobile Devices MediaEspresso supports devices across many brands 23 2 More New Releases in Q3 to help grow the revenue Power2Go v7 YouCam v

13 Summary H1-10 revenue up 15% Y/Y and strong growth of operation income at 38.7% Y/Y shows a very healthy recovery Continue to lead and innovate in 3D solutions from playback to creativity PowerDVD3D swept the market and adopted by new customers including Fujitsu and NEC MediaEspressoenables PCs to sync & share content to mobile devices to meet demands of media portability We remain positive to the entire 2010 operation 25 For more information about CyberLink: For IR inquiries, suggestions and comments: investor@cyberlink.com Thank You! 26 13