This presentation contains forward-looking statements and is subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements.
The projections should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.
4Q21 & FY2021 Financial Results
NT$ mn
4Q 2021
%
3Q 2021
%
QOQ
4Q 2020
%
YoY
FY2021
%
FY2020
Net Sales
15,744
100.0%
15,507
100.0%
2%
12,779
100.0%
23%
58,622
100.0%
51,119
YoY
100.0% 15%
Gross Profit
6,000
38.1%
Operating Expense
3,291
20.9%
Operating Profit
2,709
17.2%
No-operating Items
-30
-0.2%
Pretax Profit
2,679
17.0%
Tax Expenses
402
2.6%
5,706 36.8%
3,098 20.0%
2,608 16.8%
275 1.8%
2,883 18.6%
596 3.8%
5% 5,043
2,765
4% 2,278
-195
-7% 2,083
353
39.5% 19% 22,132
21.6% 12,331
17.8%
19%
9,800
-1.5%455
16.3% 29% 10,255
2.8%1,947
37.8%
21.0%
16.7%
0.8%
17.5%
3.3%
20,397
11,359
9,037
92
9,129
1,825
39.9% 9%
22.2%
17.7% 8%
0.2%
17.9% 12%
3.6%
Net Income to
2,273
14.4%
2,274
14.7%
0%
1,704
13.3%
33%
8,250
14.1%
7,248
14.2%
14%
Parent
EPS (NT$)
2.93
2.95
2.21
10.67
9.40
4Q21 GP% gradually recovered: More contribution from new pricing order
4Q21 Non-op. items : Impairment Loss on Goodwill for NT$280mn
Both Revenue & Profit for 2021 set Company records
Tax rate was 19.0% in FY2021
FY2021 Sales By Region
US$mn
2021
2020
YoY %
Rev %
North America
568
499
14%
27%
Europe
338
279
21%
16%
China
556
423
32%
27%
North Asia
197
182
8%
9%
Taiwan
129
105
23%
6%
Asia & InterCon
202
147
37%
10%
Others
101
95
6%
5%
Total
2,091
1,730
21%
100%
Others
North Asia
Asia & InterCon
Asia &
5%
US$mn
US$mn
InterCon
North
AKR :
$86.7M
GR%:
+22%
AAU/NZ
$16.5M
GR%:
+4%
10%
America
Taiwan
27%
AJP:
$44.4M
GR%:
+22%
ASEAN
$50.3M
GR%:
+32%
6%
ATJ:
$66.1M
GR%:
-5%
India
$16.0M
GR%:
+34%
North Asia
2021
Russia
$15.1M
GR%:
+2%
9%
Europe
LATAM
$15.7M
GR%:
-3%
ME&A
$87.2M
GR%:
+80%
16%
China
ROW
$1.5M
GR%:
-14%
27%
FY2021 Performance By SBG
FY 2021
Revenue
YoY
Rev. %
Gross Margin
Operating
OP
US$ mn
Profit
Margin
Industrial IOT
706
29%
34%
45~50%
218
30.8%
Embedded IOT
506
23%
24%
30~35%
89
17.7%
Allied DMS
Applied Computing
219
-3%
10%
25~30%
126
12.1%
Cloud IOT
226
12%
11%
30~35%
27
12.0%
Service IOT
185
27%
9%
40~45%
15
8.2%
Advantech Service Plus (AS+)
249
27%
12%
25~30%
33
13.3%
Other unallocated expenses
-49
Total
2,091
21%
100%
159
17.2%
IIoT YoY +29%:driven by new infrastructure demand from China & semiconductor IEM smart equipment upgrades
ACG YoY -3%:1H21 underperformed due to major projects ended and ATJ. 2H21 recovered especially in NA market
CIoT YoY+12%:driven by strong demand from major projects in 2H21
SIoT YoY+27%:driven by Smart Medical & Smart City services in NA & China markets
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ADVANTECH Co. Ltd. published this content on 02 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2022 08:06:02 UTC.
Advantech Co Ltd is a Taiwan-based company principally engaged in the manufacture, assembling and distribution of industrial computers and related accessories. The Company's main products include embedded boards and systems, industrial computers, industrial control products. The Company also provides after-sales services and other services. The Company mainly distributes its products in the American, Asian and European markets.