ACES — Interim / Quarterly Report 2014

Dec 15, 2014

宏致電子股份有限公司

ACES ELECTRONICS COMPANY PROFILE

December 4 , 2014

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A enda g

• Company Overview 公司簡介

• Product Introduction and Applications

產品介紹及應用說明

• Financial Results 財務結果

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Knowledge·Vision·Value·Attitude·Commitment·Execution

• Established:

• Nov, 1996

• Capital: USD 40 Million (NTD 1,250 Million)

• Employees:

• 5,000 (Sep., 2014)

• Headquarters: Taoyuan, Taiwan

• Affiliates:

• ACES Dongguan, Kunshan, Chong Qing ACES Singapore, ACES Japan, ACES America, JLS

• Main products: Fine pitch and high density electrical connectors for portable electrical devices

• • Certification: ISO9001, ISO14001,TL9000, UL, …

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Knowledge·Vision·Value·Attitude·Commitment·Execution

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Wire To Board (WTB) 線對板連接器

連接至筆記型電腦主機板 (Connecting to Motherboard of NB)

連接至 TFT LCD 面板 (Connecting to TFT LCD Panel)

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Board To Board (BTB) 板對板連接器

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PLUG ( 公端 )
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RECEPTACLE ( 母端 )

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Example
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F P C 軟排線連接器

FPC 常應用於手機、數位相機、筆記型電腦 (FPC connectors are mainly used in Cell Phone, Digital Camera and Notebook PC)

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Card

卡類連接器

筆記型電腦插卡 (Express Card)

手機 SIM 卡

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Unit: NT$ Thousand (Except Per Share Data)
2014 1-9 月 2013 1-9 月 YoY
(Unaudited) (Unaudited) Change %
Sales Revenue [(a)] 3,113,662 100.0% 2,936,736 100.0% 6.0%
Cost of Goods Sold -2,151,451 -69.1% -2,160,316 -73.6% -0.4%
Gross Profit 962,211 30.9% 776,420 26.4% 23.9%
Operating Expenses -696,429 -22.4% -681,239 -23.2% 2.2%
Operating Income (Loss) 265,782 8.5% 95,181 3.2% 179.2%
Net Non-operating Income 244,950 7.9% 37,501 1.3% 553.2%
Income (Loss) before Tax 510,732 16.4% 132,682 4.5% 284.9%
Income Tax Benefit (Expense) -114,918 -3.7% -35,991 -1.2% 219.3%
Net Income (Loss) 395,814 12.7% 96,691 3.3% 309.4%
EPS (NT$) NT$3.22 NT$0.79
Depreciation & Amortization 283,917 9.1% 279,435 9.5%
Revenue from sale of scraps 200,129 6.4% 180,547 6.1%
EBITDA
549,699 17.7% 374,616 12.8%
(Operating Income + D&A)
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(a) Sales Revenue includes both shipping revenue and revenue from sale of scraps.

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Knowledge·Vision·Value·Attitude·Commitment·Execution

Unit:NTD thousand Cash AR Inventory Short Term Debt Long Term Debt Capital Equity Total Assets	2014/9/30 (Unaudited) 2,062,297 1,213,814 385,977 633,493 60,000 1,249,999 4,023,152 6,467,463	Year 2013 (Audited) 1,934,850 1,054,779 378,829 1,023,813 60,000 1,244,009 3,781,062 6,391,005	Unit : NT$ Thousand Year 2012 (Audited)
			1,922,429 1,166,680 402,070 1,153,689 - 1,243,919 3,494,455 6,317,070
Inventory Turnover (Days) (a) AR Turnover (Days) Total Debt to Total Assets Total Debt to Equity ROE (not annualized)	49 99 38% 61% 10%	50 102 41% 69% 5%	47 100 44% 81% 7%

(a) Annualized, calculated by dividing the average inventory into the cost of goods sold during such period, then multiplying by 365 days.

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Knowledge·Vision·Value·Attitude·Commitment·Execution

			Unit : NT$ Thousand
	2014 Jan~Sep	2013	2012
	(Unaudited)	(Audited)	(Audited)
From Operating	419,770	544,533	567,329
Income (Loss) 註1	510,732	250,903	373,744
Depreciation&Amortization	283,917	378,062	338,951
From Investment	70,557	-377,455	-665,200
Capital Expenditure	-315,225	-422,544	-370,027
Disposals of the security	361,922	26,146	-
From Financing	-377,529	-230,898	-438,655
Cash divident paid	-	-147,571	-430,230
Short &LongTerm Debt	-390,320	-83,512	-12,390
Cash Balance	2,062,297	1,934,850	1,922,429
Free Cash Flow	490,327	167,078	-97,871

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