CHICONY — Interim / Quarterly Report 2021

Mar 26, 2021

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CHICONY ELECTRONICS

4Q20 Financial Results March 10, 2021

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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
Thailand Chongqing Dongguan
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Positioned as Number 1 Global Market Leader

Chicony Continued to Achieve Leading Market Share

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38%
NB Keyboard
41%
DT Keyboard
Number #1
Market
43%
Share in NB Camera Module
2020
48%
NB Adaptor
25%
IP Cam
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Consistent Dividend Pay-Out Policy to Reward Investors

Chicony	2016	2017	2018	2019	2020
EPS	5.24	5.9	5.22	8.45	7.80
Cash Dividend	4.25	4.45	3.80	5.90	5.50
Stock Dividend	0.05	0.05	0	0	0
Dividend Payout %	82%	76%	73%	70%	71%
Cash Yield Rate %	5.25	6.1%	4.8%	7.1	5.8*

Note*: Based oin the closing price on March 9[th] .

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4Q20 Revenue Increased 3.3% YoY

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2018~2020 Quarterly Revenue
NT$M
2018 2019 2020
30,000
26,421
25,455
25,096
25,000
20,000
18,111
15,000
10,000
5,000
0
1Q 2Q 3Q 4Q
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4Q20 EPS Reached NT$1.78

Million NT$	4Q 2020 4Q 2019 YoY %
Net Sales	25,455 100.0 24,638 100.0 3.3
COGS	(20,967) (82.4) (20,076) (81.5)
Gross Profit	4,487 17.6 4,562 18.5 -1.6
Operating Expense	(3,166) (12.4) (2,913) (11.8)
Operating Profit	1,321 5.2 1,649 6.7 -19.9
Other Income/Expense	821 3.2 128 0.5
Profit Before Tax	2,143 8.4 1,777 7.2 20.6
Tax	(594) (2.3) (311) (1.3)
Net Income	1,251 4.9 1,251 5.1 0.0
After Tax EPS	1.78 1.80 -1.1

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2020 Operating Profit Increased 22% YoY

Million NT$	2020 2019 YoY %
Net Sales	95,082 100.0 92,552 100.0 2.7
COGS	(77,307) (81.3) (76,271) (82.4)
Gross Profit	17,776 18.7 16,281 17.6 9.2
Operating Expense	(10,113) (10.6) (10,012) (10.8)
Operating Profit	7,663 8.1 6,269 6.8 22.2
Other Income/Expense	555 0.6 1,919 2.1
Profit Before Tax	8,218 8.6 8,189 8.8 0.4
Tax	(1,650) (1.7) (1,386) (1.5)
Net Income	5,467 5.7 5,839 6.3 -6.4
After Tax EPS	7.80 8.45 -7.7

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Both Gross & Operating Margins Outperformed in 2020

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Gross Margin 21-year
high
2020 18.7%
2019 17.6%
17% 18% 18% 19% 19%
13-year
Operating Margin
high
2020 8.1%
2019 6.8%
6% 7% 7% 8% 8% 9%
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