BHI (BizLink) — Annual Report 2014

Nov 25, 2014

3665.TT

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Nov2014

AGENDA

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Numbers 2014 Overview Business Update Company Profile

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Numbers

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Industries
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Industry Ratio in Terms of Total Revenue

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2013 2014 Q3
Solar Energy
Solar Energy Telecom Consumer 4% Telecom
3%
7%
Electronics 2%
Consumer 1%
Electronics
Industrial
8% IT Solution
39% 7% IT Solutions
42%
Medical
Industrial
9%
6%
Others
Medical 1%
8%
Others
3%
Motor
Motor Vehicle
Vehicle
34%
26%
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Revenues
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2014 YoY

In USD Thousand

Quarter	Net Sales
2014 Q3	64,811
2013 Q3	61,068
Change %	6.12%

As of Oct, the YTD consolidated net sales increased by 4.74% YoY.

2011-2014 Monthly Revenue YoY

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2011 USD 2012 USD 2013 USD 2014 USD 0 5,000 10,000 15,000 20,000 25,000 (USD 000_)_
		Jan						Feb						Mar						Apr						May						Jun						July						Aug						Sep						Oct						Nov					Dec
	2011 USD	13,204						14,041						16,457						15,598						15,049						13,804						15,948						15,223						16,636						17,526						15,687					15,483
	2012 USD	14,022						13,580						17,635						15,388						17,387						16,228						14,679						18,580						16,565						18,571						16,157					17,145
	2013 USD	17,373						16,323						17,889						20,247						21,507						20,014						22,386						16,926						21,783						21,645						20,401					22,868
	2014 USD	20,960						15,943						20,250						21,888						19,674						20,870						21,740						20,705						22,366						20,981

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Margins
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Gross Margin Rate 2012-2014

	Q1'12	Q2'1	Q3'12	Q4'12	Q1'13	Q2’13	Q3’13	Q4’13	Q1'14	Q2'14	Q3'14
Gross Margin %	23.46%	24.55%	25.40%	26.89%	27.57%	30.34%	27.57%	24.78%	27.5%	29.1%	29.3%

Gross Profit Trends 2011-2014 Gross Profit (USD)

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70,000 64,975 20,000
61,931 62,605 [64,983 ]
61,068
57,189 18,000
60,000 30.34% 29.10% 29.29% Sales
27.57% 16,000 PBT
47,917 [49,075 ] 48,862 [49,881 52,050 51,619 ] 24.78% 27.50%
50,000 45,310 14,000 Gross Profit
26.89% [27.57% ]
25.40% 12,000
40,000 24.55%
22.47% 24.00% 23.46% 10,000
30,000
8,000
20,000 6,000
4,000
10,000 7,394 6,866 7,618 8,028
1,822 2,642 2,216 3,636 3,134 3,487 4,236 5,779 4,273 2,000
0 0
USD 000 Q3'11 Q4'11 Q1'12 Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14
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Note: 1. From 2012Q1 onward, figures were provided by TIFRS. 2. 2013Q2 is provided based on MOPS information.3. NA: Not available from MOPS.

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Ratios
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In USD Thousands	2014Q3		2013Q3		increase%		2014Q1~3		2013Q1~3		increase%
Revenue	64,983		61,068		6.4%		184,778		174,618		5.8%
Net Income (TIFRS)	6,084		5,288		15.0%		14,907		14,383		3.6%
EPS (US$/per share)	0.072		0.064		12.7%		0.177		0.179		-0.9%
EPS (NT$/per share)	2.16		1.91		13.1%		5.34		5.33		0.2%
Total Assets	202,796		166,273		22.0%		202,796		166,273		22.0%
Total Liabilities	77,689		56,993		36.3%		77,689		56,993		36.3%
Total Shareholders' Equity	125,107		109,281		14.5%		125,107		109,281		14.5%
Book Value (US$/per share)	1.448		1.378		5.1%		1.448		1.378		5.1%
Book Value (NT$/per share)	43.84		40.69		7.7%		43.84		40.69		7.7%
NI %	9.36%		8.66%		8.1%		8.07%		8.24%		-2.1%
PBT%	12.35%		11.24%		9.9%		10.82%		10.59%		2.1%
ROA(%)	3.00%		3.18%		-5.7%		7.35%		8.65%		-15.0%
ROE(%)	4.86%		4.84%		0.5%		11.92%		13.16%		-9.5%
Current ratio	2.49		2.39		3.9%		2.49		2.39		3.9%
Quick ratio	1.70		1.58		7.2%		1.70		1.58		7.2%

Note: From 2012Q1 onward, figures were provided by TIFRS

2014 Overview

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2014 Overview
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Significant Revenue Contributions

Motor – EV Battery Management System (BMS) & charging station harnesses (new)

Motor – ATV harnesses

Motor – Car electronics interconnect (new)

• IT – High speed data transmission cables for servers

• IT – Dongles

• IT – Docking stations/ Hubs (new)

• Solar – Cables for residential projects (new) Medical – Analyzer use in clinical laboratories (new) Industrial – Freezer container cables (new) Industrial – Train harnesses

Long-term Strategic Considerations

Initiatives – Manufacturing Expanding in the US and Malaysia Automation – Improve labor dependency

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EV Charging Station
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Automated Analyzer
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Freezer Container
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Train System
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Solar - Residential
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Business Update

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1/3
Business Update
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IT Solution

Dongles

For commercial models, workstations & handheld devices

Docking Stations

• All-in-one solution in display signal integration, networking, and power delivery. First shipment in Oct.

Server & DCS Cables

High speed data transmission cables.

Motor Vehicle

EV Harnesses

• Harnesses for Battery Management Systems (BMS). EV charging cables delivered from Q2.

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• Sports Vehicle Harnesses

Snowmobiles, ATVs and sport air/watercrafts

Car Electronics Interconnect Harnesses Visual devices and radar sensors for driver assistance.

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Communica
New Energy tions
Consumer
Electronics
IT Solution
Industrial
Medical
Others
Vehicles Motor Data Center Service (DCS)
Display HUB Docking Station
EV Harness Snowmobiles
Watercrafts and ATVs Driver Assistant Devices
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2/3
Business Update
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Communica
New Energy tions
Consumer
Electronics
IT Solution
Industrial
Developing Medical
Others
Motor
Vehicles
Developing
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Medical

CT / MRI Scanner Cable Developing new generation models. Expect the mass production in 2015.

Automated Analyzer harness Expect the mass production in 1Q, 2015.

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Automated Analyzer
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CT/ MRI Scanner & Small Modules
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Industrial

Cables for automation equipment New installations and annual maintenance programs for wafer foundries and panel fabrications.

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Oil and Gas Equip.
Industrial Equipment Cables
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Galley Air Chiller
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Oil and Gas Equipment Wire Harness

Passenger Aviation Harnesses Galley air chiller and aviation entertainment

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Aviation Entertainment
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3/3
Business Update
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Consumer Electronics

[Cables for Game Console ]

Supply proprietary cable & connector for Kinect (optional from Q2).

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Demand slow down from Q2 to Q3

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Communica
Consumer New Energy tions
Electronics
IT Solution
Industrial
Medical
Others Game console
Motor
Vehicles
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Solar

Solar Project Demand Growing

Supply solar junction box, solar cable, solar connector, branch cable and fuse cable.

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Solar power farm projects in North America, India and South Africa. Residential market is growing in North America and Japan.

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Q&A

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Who We Are

• Founded in 1996, headquartered in California

• IPO in 2011

• US$239M revenue in 2013

Characters

• Extensive design and customization capabilities with in-house component manufacturing

• Productions in U.S., China, Malaysia, and Mexico

• Global support in sales, engineering and logistics

What We Do

Interconnect solutions for the medical, motor vehicle, industrial, IT, semiconductor and photovoltaic industries

Why We Exist

BizLink exists to improve life through innovative, high quality products, and service solutions

• Proactive and leading in environmental initiatives

Major Customers

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©2014 BizLink Holding Inc. All rights reserved.