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Samsung Electronics
July 2015
Disclaimer
The financial information in this document are consolidated earnings results based on K-IFRS.
This document is provided for the convenience of investors only, before the external audit on our 2Q 2015
financial results is completed. The audit outcomes may cause some parts of this document to change.
This document contains "forward-looking statements" - that is, statements related to future, not past, events.
In this context, "forward-looking statements" often address our expected future business and financial
performance, and often contain words such as "expects, "anticipates, "intends, "plans, "believes, "seeks
or "will ". Forward-looking statements" by their nature address matters that are, to different degrees, uncertain.
For us, particular uncertainties which could adversely or positively affect our future results include:
The behavior of financial markets including fluctuations in exchange rates, interest rates and commodity
prices
Strategic actions including dispositions and acquisitions
Unanticipated dramatic developments in our major businesses including CE (Consumer Electronics),
IM (IT & Mobile communications), DS (Device Solutions)
Numerous other matters at the national and international levels which could affect our future results
These uncertainties may cause our actual results to be materially different from those expressed in this document.
Income Statement
2Q 15
% of sales
1Q 15
% of sales
2Q 14
48.54
100.0%
47.12
100.0%
52.35
28.96
59.7%
28.96
61.5%
31.67
Gross Profit
19.58
40.3%
18.16
38.5%
20.68
SG&A expenses
12.68
26.1%
12.18
25.9%
13.49
3.34
6.9%
3.49
7.4%
3.70
6.90
14.2%
5.98
12.7%
7.19
0.50
1.0%
0.05
0.1%
0.25
0.04
0.1%
0.06
0.1%
0.06
Finance income/expense
0.19
0.4%
0.13
0.3%
0.28
7.63
15.7%
6.22
13.2%
7.79
1.88
3.9%
1.59
3.4%
1.53
5.75
11.9%
4.63
9.8%
6.25
2Q 15
1Q 15
2Q 14
2Q 14
13%
11%
16%
22%
0.12
0.10
0.12
0.84
0.82
0.95
Leverage (Asset/Equity)
1.35
1.36
1.42
24%
22%
22%
Sales
Cost of Sales
- R&D expenses
Operating Profit
Net profit
EBITDA Margin
1Q 15
2Q 15
22%
24%
16%
11%
ROE
13%
EBITDA Margin
Total
CE
VD
IM
Mobile
DS
Semiconductor
- Memory
DP
2Q 15
QoQ
1Q 15
2Q 14
48.54
3%
47.12
52.35
11.20
9%
10.26
13.00
6.66
7%
6.22
8.06
26.06
1%
25.89
28.45
25.50
2%
24.99
27.51
17.87
4%
17.10
16.23
11.29
10%
10.27
9.78
8.49
2%
8.32
6.92
6.62
3%
6.85
6.33
Operating Profit
2Q 15
QoQ
1Q 15
2Q 14
6.90
0.92
5.98
7.19
CE
0.21
0.35
0.14
0.77
IM
2.76
0.02
2.74
4.42
DS
3.87
0.48
3.39
2.09
Semiconductor
3.40
0.47
2.93
1.86
DP
0.54
0.02
0.52
0.22
Total
Note) CE (Consumer Electronics), IM (IT & Mobile communications), DS (Device Solutions), DP (Display Panel)
Sales for each business unit includes intersegment sales.
DP
[Q2 Results]
[Q2 Results]
CE
[Q2 Results]
[Q2 Results]
Jun 30,
2015
Mar 31,
2015
Jun 30,
2014
115,789.7
109,990.5
112,799.7
- Cash
61,833.8
56,128.6
60,663.0
- A/R
25,578.1
24,911.7
24,432.9
- Inventories
19,311.2
19,119.8
18,276.1
9,066.6
9,830.4
9,427.7
115,901.2
117,259.9
111,923.4
- Investments
14,466.2
17,439.7
17,548.8
- PP&E
84,666.3
83,442.4
75,593.7
5,530.4
5,338.5
4,220.3
11,238.3
11,039.3
14,560.6
231,690.9
227,250.4
224,723.1
57,754.2
59,631.1
65,209.6
11,313.7
9,847.3
13,972.2
6,766.9
8,736.9
8,161.6
17,710.9
21,126.1
17,044.4
1,750.6
2,109.1
4,304.7
- Unearned Revenue
& Other Advances
2,263.5
2,482.8
2,294.0
17,948.6
15,328.9
19,432.7
Shareholders' Equity
173,936.7
167,619.3
159,513.5
- Capital Stock
897.5
897.5
897.5
231,690.9
227,250.4
224,723.1
Current Assets
- Intangible Assets
- Other Non Current Assets
Total Assets
Liabilities
- Debts
- Other Liabilities
Cash = Cash and Cash equivalents + Short-term financial instruments + Short-term available-for-sale securities
Jun 30,
2015
Mar 31,
2015
Jun 30,
2014
Current ratio
251%
223%
226%
Liability/Equity
33%
36%
41%
7%
6%
9%
-29%
-28%
-29%
Debt/Equity
Net debt/Equity
Current ratio = Current assets/Current liabilities
1Q '15
2Q '14
56.13
61.82
61.48
10.71
5.12
8.91
Net profit
5.75
4.63
6.25
Depreciation
4.95
4.56
4.20
-3.70
-7.47
-8.84
-6.29
-7.76
-4.68
-1.67
-2.62
-0.16
1.25
-1.27
1.91
5.71
-5.69
-0.82
61.83
56.13
60.66
Cash = Cash and Cash equivalents + Short-term financial instruments + Short-term available-for-sale securities
Net Cash
Jun 30,
2015
Mar 31,
2015
Jun 30,
2014
50.52
46.28
46.69
Cash = Cash and Cash equivalents + Short-term financial instruments + Short-term available-for-sale securities