Interim Results 2004 Presentation Interim Results 2004 Presentation 27 July 2004 27 July 2004 Hong Kong Hong Kong Solomon Systech (International) Limited
www. solomon-systech .com AGENDA AGENDA • Summary • Financial Review • Business Review • Outlook SSIL Interim 2004 27 July 2004 P. 2
www. solomon-systech .com SUMMARY – – 2004 FIRST HALF RESULTS 2004 FIRST HALF RESULTS SUMMARY • Substantial increase in turnover and net profit • High net profit margin • Very strong cash position • Significant EPS growth • Healthy dividend payout • Gaining market share SSIL Interim 2004 27 July 2004 P. 3
www. solomon-systech .com www. solomon-systech .com F F inancial Review inancial Review F F inancial Review inancial Review SSIL Interim 2004 27 July 2004 P. 4
www. solomon-systech .com PROFIT AND LOSS PROFIT AND LOSS Six months ended 30 Jun YoY (US$ million) 2004 2003 Change Turnover 110.1 46.4 +137% Gross profit 39.7 19.5 +104% Gross margin (%) 36% 42% Net profit 22.9 9.6 +139% Net margin (%) 21% 21% (HK cents) Earnings per share 7.8 3.6 +117% Dividend per share 2.6 --- --- SSIL Interim 2004 27 July 2004 P. 5
www. solomon-systech .com TURNOVER AND NET PROFIT TURNOVER AND NET PROFIT TURNOVER NET PROFIT US$m US$m 40 160 30 120 20 80 110.1 22.9 10 40 46.4 9.6 0 0 2002 2003 1H 2004 2002 2003 1H 2004 1H 2H SSIL Interim 2004 27 July 2004 P. 6
www. solomon-systech .com BALANCE SHEET BALANCE SHEET As at As at 30 Jun 31 Dec (US$ million) 2004 2003 Change Total assets 190.9 81.6 +134% Total borrowings Nil Nil Net cash 125.4 37.2 +237% Per share (HK$) 0.39 0.15 Shareholders’ fund 148.7 49.9 +198% Per share (HK$) 0.46 0.21 SSIL Interim 2004 27 July 2004 P. 7
www. solomon-systech .com www. solomon-systech .com Business Review Business Review Business Review Business Review SSIL Interim 2004 27 July 2004 P. 8
www. solomon-systech .com DISPLAY IC PRODUCT PORTFOLIO DISPLAY IC PRODUCT PORTFOLIO E-paper E-paper driver controller New Display Micro display Micro display processor Large TFT LCD-TV/monitor/ TFT-LCD notebook drivers Display Mobile Graphics Image Multimedia Controllers processor processor multimedia TFT LCD driver LTPS driver TFT-LCD controller controller Mobile Mono/Greyscale/ Display Active OLED Colour OLED driver OLED OLED driver controller controller driver controller Mono/Greyscale CSTN LCD STN LCD STN-LCD driver controller driver controller 2000 2001 2002 2003 2004 2005 In production Under development SSIL Interim 2004 27 July 2004 P. 9
www. solomon-systech .com MOBILE DISPLAY IC SHIPMENT MOBILE DISPLAY IC SHIPMENT Monochrome Colour STN OLED Colour OLED TFT Others* million units 80 • Colour 70 6.2 OLED 7.2 60 • TFT 20.2 • Others 50 28.8 40 30 45.9 44.6 20 28.0 10 18.0 0 2001 2002 2003 1H 2004 * Includes graphic controller, PDA and others. SSIL Interim 2004 27 July 2004 P. 10
www. solomon-systech .com LARGE AND NEW DISPLAY IC DEVELOPMENT LARGE AND NEW DISPLAY IC DEVELOPMENT Large • For LCD monitor and TVs Display • Under internal qualification IC • Micro display: for electronic viewfinder and head-mount device New • E-paper: for electronic signboard Display and timepiece IC • Both under commercial trial SSIL Interim 2004 27 July 2004 P. 11
www. solomon-systech .com www. solomon-systech .com O O utlook utlook O O utlook utlook SSIL Interim 2004 27 July 2004 P. 12
www. solomon-systech .com OUTLOOK FOR THE GROUP’S BUSINESS OUTLOOK FOR THE GROUP’S BUSINESS • Very strong backlog orders on hand • Key revenue drivers from mobile colour display ICs • Readily access to production capacity • Well established technology platform for next generation of display products SSIL Interim 2004 27 July 2004 P. 13
www. solomon-systech .com BUSINESS STRATEGIES BUSINESS STRATEGIES • Be a leading global display IC producer • Increase revenue and market share • Expand product portfolios • Invest in R&D, production capacity and infrastructure for growth SSIL Interim 2004 27 July 2004 P. 14
www. solomon-systech .com Thank You Thank You Thank You Thank You Solomon Systech Systech (International) Limited (International) Limited Solomon Stock code: 2878 Stock code: 2878 SSIL Interim 2004 27 July 2004 P. 15
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