Apex — Annual Report 2015

Mar 18, 2016

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Profile

Founded： Sep. 27[th] , 2001 Capital ： NTD1.23Bn (As of Feb. ,2016) Market Cap.：NTD4.56Bn (As of Feb. ,2016) Chairman： Mr. Woody Wang CEO： Mr. Bill Chou Products： Printed Circuit Boards Ground Area：140,000 M² Apex 1 : 35,000 M² Apex 2 : 105,000 M² Employees： 5,008(As of Feb. , 2016)

Apex 1 Apex 2

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Management Team
CEO Chairman
Bill Chou Woody Wang
EVP VP (Japan) VP(G-China) CBO CFO CTO
Blue Lan Shohara Masashi Ozzy Lee James Cheng Maliwan Chinvorakijkul DC Chen
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Advantages

Integrated Total ASEAN Solution  Tariff and income  All manufacturing tax incentives processes in-house Co-Work Work Cost Control Excellent  Efficient cost control

Co-Work Work Excellent Management  Centralized sale and procurement

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Apex Opportunities

Market Value by Application Market Share by Application

New Applications and Customers

Advantages

• ASEAN

• Excellent Management

• Integrated Total Solution

• Cost Control

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Statements of Comprehensive Income

Selected Items from Statements of Comprehensive Income

Net Revenue Gross Margin Operating Income Operating Margin Non-Operating Items Net Income to Shareholders of the Parent Company Net Profit Margin EPS Unit : Million NTD	4Q15 2,121.0 19.4% 189.1 8.9% (31.1) 141.2 6.7% 1.2	3Q15 4Q14 QoQ YoY 2,689.6 1,856.2 -21.1% 14.3% 22.7% 16.0% -3.3ppts 3.4ppts 375.5 100.1 -49.6% 88.9% 14.0% 5.4% -5.1ppts 3.5ppts (80.7) (34.0) 61.5% 8.5% 248.1 64.1 -43.1% 120.2% 9.2% 3.5% -2.5ppts 3.2ppts 2.0 0.4 -42.6% 182.9%

• Average outstanding shares were105m units in 4Q14

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Statements of Comprehensive Income

Selected Items from Statements of Comprehensive Income

Net Revenue Gross Margin Operating Income Operating Margin Non-Operating Items Net Income to Shareholders of the Parent Company Net Profit Margin EPS Unit : Million NTD	2015 8,628.8 19.0% 799.3 9.3% (175.7) 531.5 6.2% 4.3	2014 YoY 7,366.8 17.1% 17.9% 1.1ppts 539.6 48.1% 7.3% 2.0ppts (76.4) 129.8% 427.3 24.4% 5.8% 0.4ppts 4.0* 7.5%

Unit : Million NTD

• Average outstanding shares were105m units in 2014

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Dividend Policy

Unit : NTD

Year	Cash Dividend	%	Stock Dividend	%	Total Dividend	EPS	AGM Date	Dividend Issue Date
2015			-	-		4.34	Jun., 16
2014	2.50	100	-	-	2.50	4.06	Jun., 15	Sep. 11th, 15
2013	1.83	100	-	-	1.85	3.70	Jun., 14	Sep. 3rd, 14
2012	2.92	100	-	-	2.92	6.13	Jun., 13	Aug. 30th, 13
2011	2.50	100	-	-	2.50	5.11	Jun., 12	Aug. 9th, 12
2010	1.35	100	-	-	1.35	4.02	Jun., 11	Sep. 9th, 11

Conclusion

1. Apex will consistently focus on two to twelve layers of rigid PCB and gain more market share.

2. Apex will base on our competitiveness to obtain more orders.

3. In coming three to five years, Apex will increase more application and end-customer in order to pursue growth of revenue and profit.

4. At least 50% payout ratio of dividend policy.

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Thank You!

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