Delta Electronics 4Q22 Analyst Meeting

1. 23 Feb 2023
Delta Electronics, Inc. 4Q 2022 Results
台達電子2022年第四季財報法人說明會

2.  The financial numbers hereby are based on International
Financial Reporting Standards (IFRS)
本簡報財務數字係根據國際財務報導準則編製
 Cumulative consolidated numbers have been audited by CPA
合併數字經會計師查核簽證

3. 3 Delta Confidential
4Q 2022 Financial Results
2022年第四季結算數字

4. 4 Delta Confidential
Y/Y
年對年
Q/Q
季對季
Sales
營收
+26% -1%
GP
毛利
+32% -8%
4Q21 1Q22 2Q22 3Q22 4Q22
GP 22.4 22.5 26.5 32.2 29.6
GPM 26.7% 27.3% 29.4% 30.3% 28.0%
GP
毛利
4Q21 1Q22 2Q22 3Q22 4Q22
Sales 83.8 82.5 90.0 106.3 105.6
Sales
營收
Sales Revenues & Gross Profits
合併營收及毛利
NT$ billion
新台幣十億元

5. 5 Delta Confidential
7.3 7.5 9.6 13.6 10.7
8.2 8.2
9.1
10.2
10.1
6.9 6.9
7.7
8.4
8.8
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
4Q21 1Q22 2Q22 3Q22 4Q22
R&D
SG&A
OP
Y/Y
年對年
Q/Q
季對季
R&D
研發費用
+27% +3%
SG&A
銷管費用
+23% -0%
OPEX
總營業費用
+25% +1%
OP
營業淨利
+48% -20%
(% of sales)
R&D 8.2% 8.3% 8.5% 8.0% 8.3%
SG&A 9.8% 9.9% 10.1% 9.6% 9.6%
OPEX 18.0% 18.3% 18.7% 17.5% 17.8%
OPM 8.7% 9.0% 10.7% 12.7% 10.2%
Operating Profits & Expenses
營業淨利及費用
NT$ billion
新台幣十億元

6. 6 Delta Confidential
NT$ million
新台幣百萬元
Sales Y/Y Q/Q Profits Y/Y Q/Q
Power
Electronics
電源及零組件
61,581 +25% -3% 9,476 +83% -6%
Automation
自動化
15,263 +31% +6% 492 -52% -52%
Infrastructure
基礎設施
28,769 +27% +2% 809 -26% -67%
27% 27% 27%
14% 13% 15%
59% 60% 58%
4Q21 3Q22 4Q22
Power Electronics
Automation
Infrastructure
Others
Sales%
營收佔比
Performance by Segment
主要部門表現

7. 7 Delta Confidential
NT$ million
新台幣百萬元
4Q21 3Q22 4Q22
Gain on disposal of
investment
處分投資損益
0 0 0
Interest income
利息收益
1 (10) 40
FX income and
valuation of FX forward
滙兌損益及遠匯評價損益等
131 874 (324)
Others
其他
1,008 769 1,030
Total
合計
1,140 1,633 746
Non-OP
業外損益
Non-operating Profits
業外損益
NT$ billion
新台幣十億元
4Q21 1Q22 2Q223Q224Q22
non-op 1.1 1.1 1.1 1.7 0.7
% of sales 1.4% 1.3% 1.3% 1.5% 0.7%

8. 8 Delta Confidential
4Q21 1Q22 2Q22 3Q22 4Q22
EBITDA 12.9 13.1 15.6 20.1 16.7
% of sales 15.5% 15.9% 17.3% 19.0% 15.8%
EBITDA
息稅折舊及
攤銷前利潤
Y/Y
年對年
Q/Q
季對季
Profits
before tax
稅前淨利
+36% -24%
EBITDA
息稅折舊及
攤銷前利潤
+29% -17%
4Q21 1Q22 2Q22 3Q22 4Q22
PBT 8.4 8.5 10.9 15.1 11.5
% of sales 10.1% 10.3% 12.0% 14.3% 10.9%
Profits
before tax
稅前淨利
Profits before Tax v.s EBITDA
稅前淨利及息稅折舊及攤銷前利潤
NT$ billion
新台幣十億元

9. 9 Delta Confidential
NT$ million
新台幣百萬元
4Q21 3Q22 4Q22
Profit before
income tax
稅前淨利
8,445 15,172 11,524
Income tax
所得稅
(1,650) (2,950) (2,427)
Non-controlling
interest
非控制權益
(537) (1,153) (1,187)
Net profit after
tax
稅後淨利
6,258 11,069 7,910
Y/Y
年對年
Q/Q
季對季
Net profits
after tax
+26% -29%
Net Profits after Tax
稅後淨利
4Q21 1Q22 2Q22 3Q22 4Q22
稅後淨利 6.2 6.1 7.6 11.1 7.9
稅後淨利率 7.5% 7.3% 8.5% 10.4% 7.5%
Net profits
after tax
稅後淨利
NT$ billion
新台幣十億元

10. 10 Delta Confidential
*EPS based on shares outstanding of 2,598 million.
每股盈餘之設算基於在外流通股數25.98億股。
2.42 2.33
2.94
4.26
3.05
4Q21 1Q22 2Q22 3Q22 4Q22
Unit: NT$
新台幣元
EPS
每股淨利

11. 11 Delta Confidential
2022 Full-year Financial Results
2022年全年結算數字

12. 12 Delta Confidential
Y/Y
年對年
Sales
營收
+22%
GP
毛利
+23%
2021 2022
Sales 314.7 384.4
Sales
營收
2021 2022
GP 90.2 110.8
GPM 28.7% 28.8%
GP
毛利
NT$ billion
新台幣十億元
Sales Revenues & Gross Profits
合併營收及毛利

13. 13 Delta Confidential
31.4 41.4
31.6
37.6
27.2
31.8
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
2021 2022
R&D
SG&A
OP
Y/Y
年對年
R&D
研發費用
+17%
SG&A
銷管費用
+19%
OPEX
總營業費用
+18%
OP
營業淨利
+32%
(% of sales)
R&D 8.6% 8.3%
SG&A 10.1% 9.8%
OPEX 18.7% 18.0%
OPM 10.0% 10.8%
Operating Profits & Expenses
營業淨利及費用
NT$ billion
新台幣十億元

14. 14 Delta Confidential
26% 27%
15% 14%
59% 59%
2021 2022
Power Electronics
Automation
Infrastructure
Others
Performance by Segment
主要部門表現
NT$ million
新台幣百萬元
Sales Y/Y Profits Y/Y
Power
Electronics
電源及零組件
227,311 +21% 32,153 +50%
Automation
自動化
54,519 +19% 3,139 -37%
Infrastructure
基礎設施
102,135 +26% 6,146 +24%
Sales%
營收佔比

15. 15 Delta Confidential
2021 2022
non-op 4.3 4.6
% of sales 1.4% 1.2%
Non-OP
業外損益
Non-operating Profits
業外損益
NT$ billion
新台幣十億元
NT$ million
新台幣百萬元 2021 2022
Gain on disposal of
investment
處分投資損益
90 0
Interest income
利息收益
134 38
FX income and valuation of
FX forward
滙兌損益及遠匯評價損益等
1,166 1,431
Others
其他
2,873 3,157
Total
合計
4,263 4,626

16. 16 Delta Confidential
Y/Y
年對年
Profits
before tax
稅前淨利
+29%
EBITDA
息稅折舊及
攤銷前利潤
+24%
2021 2022
PBT 35.6 46.1
% of sales 11.3% 12.0%
Profits
before tax
稅前淨利
Profits before Tax v.s EBITDA
稅前淨利及息稅折舊及攤銷前利潤
NT$ billion
新台幣十億元
EBITDA
息稅折舊及
攤銷前利潤
2021 2022
EBITDA 53.1 65.6
% of sales 16.9% 17.1%

17. 17 Delta Confidential
2021 2022
Net profits
after tax
26.8 32.7
% of sales 8.5% 8.5%
Net profits
after tax
稅後淨利
Net Profits after Tax
稅後淨利
NT$ billion
新台幣十億元
Y/Y
年對年
Net profits
after tax
+22%
NT$ million
新台幣百萬元
2021 2022
Profit before income tax
稅前淨利
35,628 46,065
Income tax
所得稅
(7,129) (9,074)
Non-controlling interest
非控制權益
(1,703) (4,325)
Net profit after tax
稅後淨利
26,796 32,666

18. 18 Delta Confidential
10.32
12.58
2021 2022
EPS
每股淨利
Unit: NT$
新台幣元
*EPS based on shares outstanding of 2,598 million.
每股盈餘之設算基於在外流通股數25.98億股。

19. 19 Delta Confidential
Proposed Earnings Distribution
董事會建議盈餘分配
Cash dividend per share: NT$ 9.84
現金股利每股新台幣9.84元

20. Dividend Distribution Proposal for the year 2022
2022年股息發放建議方案
The Finance Team 財務團隊
Feb 22nd
2023

21. 21 Delta Confidential
Historical cash dividends
歷年分配現金股息
2022
(Proposal)
188 184 182 231 255 268 327
147 122 159 207 182 205 426
278 269 309 377 410 473 758
$7.24 $7.08 $7.00 $8.90 $9.81 $10.32 $12.58
$5.00 $5.00 $5.00 $5.00 $5.50 $5.50 $9.84
130 130 130 130 143 143 256
88% 106% 82% 63% 78% 70% 60%
69% 71% 71% 56% 56% 53% 78%
3.24% 3.13% 4.10% 3.35% 1.86% 1.97% 3.31%
2021
3. EPS for the current year 當年度EPS
4-2. Total amount of distribution 合計發放總金額
2019 2020
2016
7. Dividend yield 現金殖利率
2017 2018
6. Ratio of shareholders' cash dividends to net profit after tax (%)
股東現金股息占稅後純益比率(%)
Item (Unit: NT$100 million)
項目 (台幣:億)
4-1. Cash dividend per share 每股現金股息
1. Net profit after tax for the current year 當年度稅後純益
3. Earnings available for distrinution by end of the fiscal year 累積可分配盈餘
2. Earnings available for distribution for the current year 當年度可分配盈餘
5. Ratio of shareholders' cash dividends
to earnings available for distribution for the current year (%)
股東現金股息佔當年度可分配盈餘比率(%)
Note 1: 2022年度現金殖利率係以2023/2/21收盤價297.5元計算
The dividend yield for 2022 is calculated based on the closing price of NT$ 297.5 on February 21, 2023.
(Note 2)
Note 2: 當年度可分配盈餘計算如下:
The earnings available for distribution for the current year is calculated as follows:
Amount (Unit: NT$ 100 million)
當年度稅後純益 Net profit after tax for the current year 327
提列法定盈餘公積 Setting aside of legal reserve (33)
迴轉特別盈餘公積 Reversal of special reserve (Note 3) 132
當年度可分配盈餘 Earnings available for distribution for the current year 426
Note 3: 主因本年度因美元兌台幣及泰銖升值，國外營運機構財務報表換
算的兌換利得，致本年度其他綜合損益(其他權益項目)大幅增加，
因此本公司按照規定迴轉已提列之特別盈餘公積。
Due to the appreciation of the U.S. dollars against Taiwanese
dollars and Thai bahts this year, the exchange gains from the
Exchange Differences on Translation of Foreign Financial
Statements have resulted in a significant increase in other
comprehensive income (other equity items). Therefore, the
Company has reversed the special reserve in accordance
with regulations.
(Note1)

22. 22 Delta Confidential
Article 條次 After Amendment 修訂後 Before Amendment 修訂前
Article 30
第三十條
第一項：略
第二項：
(一)~(五)款：略
本公司正值穩定成長階段，盈餘分配應考量股東利益、財務健全並兼顧業務發
展，鑑於未來仍有資本支出及轉投資計畫，分派予股東股利之數額不低於當年
度稅後淨利之50%，其中現金應占分派予股東股利數額15%以上。
Paragraph 1: omitted
Paragraph 2:
Subparagraph (1)~(5): omitted
The Company is at a stage of stable growth, and considering the
benefits of shareholders, stability of financial condition and business
development for dividend distribution. In view of the future capital
expenditure and investment plans, the amount of dividends distributed
to shareholders should not be less than 50% of the net profit after tax of
the year, of which cash should account for more than 15% of the
dividends distributed to shareholders.
第一項：略
第二項
(一)~(五)款：略
緣本公司正值穩定成長階段，考量股東利益、財務健全並兼顧業務發展，股
東紅利提撥之數額，應不低於當年度可分配盈餘之60%，且現金之比例應占
股東紅利總額之15%以上。
Paragraph 1: omitted
Paragraph 2:
Subparagraph (1)~(5): omitted
As the Company is at a stage of stable growth, and considering the
benefits of shareholders, stability of financial condition and business
development, the amount of dividends distributed to shareholders
shall be no less than 60% of the distributable earnings of the current
year and no less than 15% of the shareholder’s dividends shall be in the
form of cash.
Proposal of Amendment to Dividend Policy
股利政策提案修改

23. 23 Delta Confidential
Business Category
業務分類
 Power supplies
電源供應器
 Fans & thermal
風扇及散熱管理
 Passive components
被動元件
 On-board EV solutions
汽車電子
 Industrial automation
工業自動化
 Building automation
樓宇自動化
ICT Infrastructure
資通訊基礎設施
 Telecom power
通信電源
 Datacenter solutions
資料中心解決方案
 Networking
網通系統
EIS Infrastructure
能源基礎設施
 Off-board EV charger
電動車充電設備
 Renewable energy
& Energy Storage System
可再生能源 及 儲能設備
 Display
視訊系統

24. Smarter. Greener. Together.