download PPT

140,439 views
139,149 views

Published on

Published in: Business, Technology
11 Comments
31 Likes
Statistics
Notes
No Downloads
Views
Total views
140,439
On SlideShare
0
From Embeds
0
Number of Embeds
48
Actions
Shares
0
Downloads
1,105
Comments
11
Likes
31
Embeds 0
No embeds

No notes for slide

download PPT

  1. 1. Samsung Electronics September, 2001
  2. 2. Company Overview Divisional Highlights Contents Q2 2001 Results
  3. 3. Company Overview
  4. 4. Organizational Structure Vice Chairman & CEO (Yun, Jong Yong) ▶ CFO (Choi, Doh Seok) CTO (Yun, Jong Yong) ◀ Semiconductor Lee, Yoon Woo ▶ Memory ▶ System LSI ▶ TFT LCD Info. & Comm Lee, Ki Tae ▶ Handsets ▶ Network ▶ Fiber Optics Digital Media Sys. Chin, Daeje ▶ Monitor ▶ PC / PC Peripherals ▶ DTV / DVDP Living Appliances Han, Yong Oe ▶ Microwave Oven ▶ Refrigerator ▶ Air Conditioner
  5. 5. Leading Products (’00) Global Market Share No. 1 26 % <ul><li>CDMA Handsets </li></ul>No. 1 No. 1 21 % 23 % <ul><li>DRAM </li></ul><ul><li>SRAM </li></ul>No. 1 21 % <ul><li>TFT - LCD </li></ul>Telecommunication Semiconductor No. 1 No. 2 15 % 19 % <ul><li>Color Monitor </li></ul><ul><li>ODD </li></ul><ul><li>DVDP </li></ul>No. 1 23 % <ul><li>Microwave Oven </li></ul>Digital Media Home Appliances 14 % No. 3
  6. 6. Q2 2001 Results
  7. 7. Sales by Quarter Operating Incomes by Quarter Revenue and Earnings Digital Media Telecommunication Semiconductor Home Appliances 8.8 9.1 8.6 8.0 2.2 1.5 1.6 0.6 0 2 4 6 8 10 Q3 '00 Q4 '00 Q1 '01 Q2 '01 Trillion Won 0.0 0.5 1.0 1.5 2.0 2.5 Q3 '00 Q4 '00 Q1 '01 Q2 '01 Trillion Won 43% 36% 35% 27% 19% 23% 22% 29% 89% 88% 64% 43% 8% 14% 14% 50% 31% 35% 34% 27% 7% 9% 17% 2 % 14% 8% 9% 6%
  8. 8. Revenue and Earnings Our Well-Balanced Business Portfolio is Paying-off 0 2 4 6 8 10 Q3 '00 Q4 '00 Q1 '01 Q2 '01 Sales by Quarter Operating Incomes by Quarter Trillion Won 0.0 0.5 1.0 1.5 2.0 2.5 Q3 '00 Q4 '00 Q1 '01 Q2 '01 Trillion Won
  9. 9. 1H ’01 2000 1999 Net Debt / Equity 10% 9% 32% Debt / Capitalization 16% 20% 30% Coverage Ratio* 94x 56x 14x ROE** 24% 41% 31% Profitability (Net Income / Sales) 0.13 0.18 0.12 Asset Turnover (Sales / Asset) 1.23 1.33 1.15 Leverage (Asset / Equity) 1.56 1.75 2.24 * Coverage Ratio = EBITDA / Net Interest Expense. ** Annualized for 1H ’01 Financial Analysis
  10. 10. Net Income 2.1 Depreciation 1.5 Sale of Marketable Securities 0.5 Others 0.7 Total 4.8 (Unit: Trillion, KRW) Source of Fund Use of Fund Capex 3.0 Increase in W/C 0.7 Debt Redemption 0.4 Dividend 0.4 Others 0.7 Total 5.2 Cash Balance Beginning : 1.9 Net decrease : 0.4 End : 1.5 ※ Cash Balance = Cash&Cash Equivalent + Short-term Financial Instrument Cash Flow of 1H 2001
  11. 11. Revised CAPEX for 2001 Semiconductor Telecommunication Others 7.3 6.1 5.1 (Unit : Trillion, KRW)
  12. 12. CAPEX Plan - EBITDA vs. CAPEX EBITDA has been always larger than CAPEX (Unit : Trillion, KRW) 0 2 4 6 8 10 12 1997 1998 1999 2000 EBITDA CAPEX 4.3 2.5 4.3 1.6 7.2 3.4 10.1 5.2
  13. 13. Divisional Highlights - Semiconductor Division
  14. 14. DRAM Demand and Supply ( Unit : Million ) ( Source : Company Data ) <ul><li>Balance is delayed by one quarter : Q3 ’01  Q4 ’01 </li></ul><ul><li>Expected demand drivers </li></ul><ul><ul><li>XP, Brookdale, New applications (S-T Box, 3G Handsets, Game machines) </li></ul></ul><ul><li>Original Forecast </li></ul>
  15. 15. DRAM Demand and Supply ( Unit : Million ) ( Source : Company Data ) <ul><li>Balance is delayed by one quarter : Q3 ’01  Q4 ’01 </li></ul><ul><li>Expected demand drivers </li></ul><ul><ul><li>XP, Brookdale, New applications (S-T Box, 3G Handsets, Game machines) </li></ul></ul><ul><li>Revised Forecast </li></ul>
  16. 16. <ul><li>Demand and Supply </li></ul><ul><ul><li>Oversupply of 10% for ’01 but expects shortage from Q3 ’02 </li></ul></ul>Outlook for TFT-LCD Market ( Source : Company Data ) (Unit : Brillion, Units) 25 20 15 10 5 15% 10% 5% 0% -5% -10% Q1 ’01 Q2 ’01 Q3 ’01 Q4 ’01 Q1 ’02 Q2 ’02 Q3 ’02 Q3 ’02 Q1 ’03 Q2 ’03 Q3 ’03 Q4 ’03
  17. 17. <ul><li>Flexible product mix </li></ul><ul><ul><li>Monitor portion  : 17% in 2000  37% in 2001 </li></ul></ul><ul><ul><li>Niche market (Small size LTPS for HHP, PDA) : 1M in 2001 </li></ul></ul><ul><li>Continual cost reduction </li></ul><ul><ul><li>Number of components : 120 ~ 150 vs. SEC under 100 </li></ul></ul><ul><ul><li>Mask steps : 5 ~ 6 vs. SEC 4 ~ 5 </li></ul></ul><ul><ul><li>Mother glass size : 680 x 880 vs. SEC 730 x 920 </li></ul></ul>Competitiveness Mother Glass 730x920 680x880 Panel (Samsung) (Others) 14” 9 panels 6 panels 15” 6 panels 6 panels 17” 6 panels 4 panels
  18. 18. Divisional Highlights - Telecommunication Division
  19. 19. Revised Forecast (July ’01) Previous Forecast (March ’01) 480 M units Global Handset Market <ul><li>Revised global handset shipment in 2001 </li></ul><ul><li>- Global economy slowdown, Lack of new applications and contents, </li></ul><ul><li>Reduction of handset subsidies </li></ul>Asia 23% Americas 25% Europe 38% China 14% 410 M units Asia 25% Americas 24% Europe 36% China 16%
  20. 20. 1H 2001 12.5million units CDMA 53% GSM 47% Achievements in 1H <ul><li>Outstanding sales in the midst of deteriorating market </li></ul><ul><li>- Sustain ASP by targeting mid to high-end segment </li></ul><ul><li>- Timely introduction of new models </li></ul><ul><li>- Domestic sales growth of cdma2000 1x handset </li></ul>
  21. 21. 2001(F) 28million units CDMA 55% GSM 43% Business Outlook <ul><li>Expect continuous g rowth in 2H ’01 </li></ul><ul><li>- Increasing adoption rate of 1x handset in domestic market </li></ul><ul><li>- Explore new business opportunities with </li></ul><ul><li>new service providers </li></ul><ul><li>“ Maintain original target sales of 28M units” </li></ul>TDMA 2%
  22. 22. <ul><li>Recent achievements in 1H ’01 </li></ul><ul><ul><li>Strong presence in 1x system market </li></ul></ul><ul><ul><li>CDMA contracts in China and Puerto Rico </li></ul></ul><ul><li>2H ’01 Outlook </li></ul><ul><ul><li>Domestic: 2.5G System expansion and upgrade to 1x EV-DO </li></ul></ul><ul><ul><li>Overseas: Increasing adoption of CDMA technology </li></ul></ul><ul><ul><li>* China, Japan, Brazil, India, Israel, etc. </li></ul></ul><ul><li>“ Current macro environment remains challenging” </li></ul>Wireless systems
  23. 23. Divisional Highlights - Digital Media Division
  24. 24. Global Market Share Trends Rank M / S 1 15% 2 12% 6 13% 5 8% 3 12% Product 1999 2000 2001 (F) Digital Media Rank M / S 1 19% 2 15% 3 16% 4 9% 2 15% Rank M / S 1 19% 2 14% 2 15% 3 9% 1 16% Monitors ODD DVD Players Color TVs VCRs
  25. 25. Network Convergence <ul><li>Broadcasting STB </li></ul><ul><li>Home Gateway </li></ul><ul><li>PDA </li></ul><ul><li>Web PAD </li></ul>New Business Networking Solutions <ul><li>Establishing global competition </li></ul><ul><li>Extend P2P connectivity </li></ul><ul><li>PC </li></ul><ul><li>Server </li></ul><ul><li>Printer </li></ul><ul><li>Monitor </li></ul><ul><li>ODD </li></ul>Computing Home solution based on DTV A/V Consumer <ul><li>DTV </li></ul><ul><li>DVDP </li></ul><ul><li>CDP </li></ul><ul><li>VCR </li></ul><ul><li>DVC </li></ul><ul><li>MP3 </li></ul>Convergence Vision
  26. 26. THANK YOU

×