AboCom — Interim / Quarterly Report 2016

Nov 18, 2016

2016年第三季法人說明會

2016-Q3 Investor Conference

Safe Harbor Statement

Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry overcapacity, availability of manufacturing capacity, financial stability in end markets, and other risks.

Consolidated Revenue

Consolidated Gross Margin

Consolidated Operating Expenses

(NT\$ thousand)			QoQ
YoY					-25.6%
			3.7%

Consolidated Operating Margin

Consolidated Net Income

(NT\$ thousand)

Consolidated Net Profit Margin

Consolidated Net Profit Margin

Q1-Q3'16 Financial Results

	2016Y	2015Y
(NT\$ thousand)	Q1-Q3	Q1-Q3	Y-Y
Net Sales	1,184,547	1,204,892	-1.7%
Operating costs	(962,104)	(998,373)
Gross Profit	222,443	206,519	7.7%
Selling expenses	(33,652)	(162,138)
Administrative expenses	(78,620)	(66,957)
R&D expenses	(37,313)	(33,704)
Operating Expenses	(149,585)	(262,799)
Operating Income	72,858	(56,280)	229.5%
Net Non-operating Income	(12,820)	4,794
Net Income Before Income Tax	60,038	(51,486)
Income tax expense	0	0
Net Income	60,038	(51,486)	216.6%
EPS Attributable to the Parent(NT\$)	0.70	(0.60)

Financial Statements

Consolidated Income Statement

(In NT\$ thousand, except earning per share)

	3Q16	2Q16	3Q15	Q-Q	Y-Y
Net Sales	424,636	402,230	421,864	5.6%	0.7%
Operating costs	(364,672)	(319,940)	(356,979)
Gross Profit	59,964	82,290	64,885	-27.1%	-7.6%
Selling expenses	(6,630)	(18,554)	(8,457)
Administrative expenses	(24,821)	(26,529)	(22,146)
R&D expenses	(11,890)	(13,238)	(11,175)
Operating Expenses	(43,341)	(58,321)	(41,778)
Operating Income	16,623	23,969	23,107	-30.6%	-28.1%
Net Non-operating Income	(9,903)	2,813	15,188
Net Income Before Income Tax	6,720	26,782	38,295
Income tax expense	0	0	0
Net Income	6,720	26,782	38,295	-74.9%	-82.5%
EPS Attributable to the Parent(NT\$)	0.08	0.31	0.45

Supplemental Information:Percentage of Revenue

	3Q16	2Q16	3Q15
Gross profit	14%	20%	15%
Selling expenses	-1%	-5%	-2%
Administrative expenses	-6%	-6%	-5%
R&D expenses	-3%	-3%	-3%
Operating profit	4%	6%	5%
Non-operating Income	-2%	1%	4%
Income tax expense	0%	0%	0%
Net profit	2%	7%	9%

Balance Sheet Summary

(In NT\$ thousand)

3Q16	2Q16	3Q15
430,538	386,435	232,913
316,447	245,406	304,814
189,698	251,215	226,382
83,088	132,654	118,238
65,599	65,599	73,971
485,244	474,029	451,673
117,410	123,232	131,277
1,688,024	1,678,570	1,539,268
105,000	79,398	101,418
263,686	322,528	267,033
70,240	35,640	36,852
290,633	289,259	288,773
958,465	951,745	845,192

Cash Flow Statement

(In NT\$ thousand)

	3Q16	2Q16	3Q15
Net cash provided by (used in) operating activities	212,562	174,201	(22,035)
Net cash provided by (used in) investing activities	(29,073)	(23,866)	(70,175)
Net cash provided by (used in) financing activities	8,577	(2,965)	104,330
Effect of changes in exchange rate on cash and cash equivalents	(2,023)	(1,430)	1,343
Net increase (decrease) in cash and cash equivalents	190,043	145,940	13,463
Cash and cash equivalents at the end of the period	430,538	386,435	232,913

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