CHICONY — Interim / Quarterly Report 2020

May 7, 2020

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CHICONY ELECTRONICS

1Q20 Financial Results May 6, 2020

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Safe Harbor Notice

Chicony’s statement of its current expectations are forwardlooking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those . contained in any forward-looking statements

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Chicony’s Global Manufacturing Network

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Taipei HQ
Wujiang
Dongguan
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Chongqing
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Thailand

• New factory under construction, ready for mass production in 4Q20

• • Leased facility started mass production in 4Q19

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Positioned as Number 1 Global Market Leader

Chicony Continued to Achieve Leading Market Share

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37%
NB Keyboard
32%
DT Keyboard
Number #1
Market
42%
Share in NB Camera Module
2019
47%
NB Adaptor
30%
IP Cam
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Consistent Dividend Pay-Out Policy to Reward Investors

Chicony	2014	2015	2016	2017	2018	2019
EPS	6.22	5.79	5.24	5.9	5.22	8.45
Cash Dividend	4.65	4.3	4.25	4.45	3.80	5.90
Stock Dividend	0.05	0.05	0.05	0.05	0	0
Dividend Payout %	76%	75%	82%	76%	73%	70%
Cash Yield Rate %	5.43	5.79	5.25	6.1%	4.8%	7.1

Source: CMoney

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1Q20 Operating Profit Increased 205%YoY

Million NT$	1Q 2020 4Q 2019 QoQ %1Q 2019 YoY %
Net Sales	18,110 100.0 24,638 100.0 -26.5 19,177 100.0 -5.6
COGS	(15,296) (84.5) (20,076) (81.5) (16,282) (84.9)
Gross Profit	2,814 15.5 4,562 18.5 -38.3 2,896 15.1 -2.8
Operating Expense	(1,528) (8.4) (2,913) (11.8) (2,475) (12.9)
Operating Profit	1,286 7.1 1,649 6.7 -22.0 421 2.2 205.5
Other Income/Expense	(1,163) (6.4) 128 0.5 1,909 10.0
Profit Before Tax	123 0.7 1,777 7.2 -93.1 2,329 12.1 -94.7
Tax	(44) (0.2) (311) (1.3) (459) (2.4)
Net Income	40 0.2 1,251 5.1 -96.8 1,647 8.6 -97.6
After Tax EPS	0.06 1.80 -96.7 2.39 -97.5

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Im roved YoY in 1Q20 p

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Gross Margin Operating Margin
1Q20 15.5% 1Q20 7.1%
1Q19 15.1% 1Q19 2.2%
15% 15% 15% 15% 15% 15% 16% 16% 0% 2% 4% 6% 8%
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1Q20 Revenue of NT$18.1B Better than Ex ectation p

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NT$M 2018~2020 Quarterly Revenue
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2018 2019 2020

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2018 2019 2020
30,000
25,000
19,177
20,000
17,574 18,111
15,000
10,000
5,000
0
1Q 2Q 3Q 4Q
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Revenue from 2010~2019

NT$M

2010~2019 Revenue

100,000

92,552 87,260 90,000 80,111[80,663 ] 77,018 78,156 80,000 74,539 67,510 70,000 60,437 60,686 60,000 50,000 40,000 30,000 20,000 10,000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

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