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SYNNEX TECHNOLOGY INTERNATIONAL CORPORATION — Interim / Quarterly Report 2017
Aug 29, 2017
52019_rns_2017-08-29_0c44583d-07ae-4e9e-9197-ab38446760a9.pdf
Interim / Quarterly Report
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Q2 2017 Results SYNNEX TECH. INTL. CORP.
August, 2017
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Disclaimer
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IMPORTANT NOTICE
Synnex’s statements of its current expectations provided herein are forward-looking. These statements are subject to risks and uncertainties that might cause significant deviations from actual results, including but not limited to changes in business policy, possible fluctuations in economic situations, technology development, competition environment, and other circumstances beyond control. Synnex undertakes no obligation to update the forward-looking statements to reflect events or circumstances after the issuance of the statements.
Nothing contained herein constitutes an investment advice, offer or solicitation for the purchase or sale of any financial instrument. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, Synnex makes no representation that it is accurate or complete. Neither Synnex nor any of its officers or employees shall be liable for any direct, indirect or consequential loss, damage, cost or expense incurred or arising from any use of the information contained herein.
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Synnex Group
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Worldwide Footprint
US$16B (Y17 1H)
| OperatingHistory & Current Position.... |
|
|---|---|
| Taiwan 1975 No.1 USA 1992 No.3 HK / China 1997 No.2 Australia 1998 No.1 (New Zealand) Thailand 1999 No.1 India 2005 No.1 Middle East / Africa 2005 No.1 Turkey 2010 No.1 Japan 2010 No.3 Indonesia 2011 No.1 |
|
Across 34 countries, 200 offices, 60% world population
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Y17Q2 Financial Summary
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| NT$M |
|
|---|---|
| ~~Y17Q2~~ ~~Y16Q2~~ Revenue 80,446 $ 83,591 $ |
~~YoY (%)~~ -4% |
| Grossprofit 2,850 2,814 |
1% |
| Operating expense (1,985) (1,952) |
2% |
| Operating income 865 862 |
0% |
| Others income/expense 781 275 |
184% |
| Pre-tax income 1,646 1,138 |
45% |
| Net income 1,326 1,120 |
18% |
| EPS(NT$) 0.80 0.67 ~~Gross profit%~~ ~~3.5%~~ ~~3.4%~~ ~~Operating expense%~~ ~~2.5%~~ ~~2.3%~~ ~~Operating income%~~ ~~1.1%~~ ~~1.0%~~ |
19% |
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Y171H Financial Summary
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| NT$M |
|||
|---|---|---|---|
| Revenue | ~~Y17 1H~~ 156,984 $ |
~~Y16 1H~~ 161,084 $ |
~~YoY (%)~~ -3% |
| Grossprofit | 5,835 | 5,702 | 2% |
| Operating expense | (3,883) | (3,737) | 4% |
| Operating income | 1,952 | 1,965 | -1% |
| Others income/expense | 1,179 | 655 | 80% |
| Pre-tax income | 3,131 | 2,620 | 20% |
| Net income | 2,467 | 2,328 | 6% |
| EPS(NT$) ~~Gross profit%~~ ~~Operating expense%~~ ~~Operating income%~~ |
1.48 ~~3.7%~~ ~~2.5%~~ ~~1.2%~~ |
1.40 ~~3.5%~~ ~~2.3%~~ ~~1.2%~~ |
5% |
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Quarterly & Yearly Earning Trend
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Y15Q1 Y15Q2 Y15Q3 Y15Q4 Y16Q1 Y16Q2 Y16Q3 Y16Q4 Y17Q1 Y17Q2
Margin Analysis (%)
Gross profit 3.9% 3.6% 3.6% 3.5% 3.7% 3.4% 3.2% 3.9% 3.9% 3.5%
Operating expense 2.5% 2.3% 2.0% 2.7% 2.3% 2.3% 2.2% 2.4% 2.5% 2.5%
Operating income 1.4% 1.3% 1.6% 0.8% 1.4% 1.0% 1.1% 1.5% 1.4% 1.1%
Pre-tax income (PBT) 1.9% 2.3% 0.3% 0.5% 1.9% 1.4% 1.6% 1.8% 1.9% 2.0%
Net income (PAT) 1.6% 1.8% 0.4% 0.5% 1.6% 1.3% 1.3% 1.5% 1.5% 1.6%
EPS (NT$) 0.69 0.78 0.18 0.26 0.72 0.67 0.73 0.79 0.68 0.80
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| ~~2009~~ | ~~2010~~ | ~~2011~~ | ~~2012~~ | ~~2013~~ | ~~2014~~ | ~~2015~~ | ~~2016~~ | |||
|---|---|---|---|---|---|---|---|---|---|---|
| ~~Margin Analysis(%)~~ | ||||||||||
| Grossprofit | 4.1% | 3.6% | 3.8% | 3.7% | 3.3% | 3.5% | 3.6% | 3.5% | ||
| Operating expense | 2.4% | 2.0% | 2.2% | 2.2% | 2.2% | 2.1% | 2.4% | 2.3% | ||
| Operating income | 1.6% | 1.6% | 1.6% | 1.5% | 1.2% | 1.3% | 1.2% | 1.2% | ||
| Pre-tax income(PBT) | 2.6% | 2.4% | 2.7% | 2.2% | 1.9% | 1.9% | 1.2% | 1.7% | ||
| Net income(PAT) | 2.2% | 2.0% | 2.3% | 1.9% | 1.6% | 1.5% | 1.0% | 1.4% | ||
| EPS(NT$) | 3.64 | 3.68 | 4.67 | 3.66 | 3.32 | 3.16 | 1.91 | 2.92 | ||
| ROE | 16% | 16% | 19% | 14% | 13% | 12% | 7% | 11% |
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Balance Sheet Key Index
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NT$ B
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128.8 127.8 128.4
128.8 127.8 128.4
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| Debt Rario | ~~Y16Q2~~ ~~Y16Q4~~ ~~Y17Q2~~ 67% 66% 67% |
| Net Int. bearing Debt / Equity | 73% 83% 91% |
| Net Worth Per Share(NT$) | 26.1 25.5 24.9 |
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