Compal — Interim / Quarterly Report 2020

Aug 12, 2020

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Compal Electronics, Inc. 2Q20 Consolidated Financial Results

Save the earth…Please print out only when necessary

Aug 12, 2020

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Safe Harbor Notice

Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially. These forward looking statements are not based on historical facts but rather on management’s expectations regarding future growth, results of operations, performance, future capital and other expenditures, competitive advantages, business prospects and opportunities. Statements in this presentation about our future plans and intentions, results, level of activities, performance, goals or achievements or other future events constitute forward looking statements. Wherever possible, words such as “anticipate”, “believe”, “expect”, “may”, “could”, “will”, “potential”, “intend”, “estimate”, “should”, “plan”, “predict”, or the negative or other variations of statements reflect management’s current beliefs and assumptions and are based on the information currently available to our management.

Investors are cautioned not to place undue reliance on these forward looking statements, which are made as of the date of this presentation, and we assume no obligation to update or revise any forward looking statements.

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Agenda

 Welcome

• 2Q20 and 1H20 Financial Review

• Business Outlook

 Q&A

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2Q20 Income Statements

NT$ Million		2Q 2020	2Q 2020		1Q 2020	1Q 2020		2Q 2019	2Q 2019	QoQ	YoY
Net Sales		263,654	100.0%		182,047	100.0%		252,395	100.0%	45%	4%
Gross Margin		8,269	3.1%		5,946	3.3%		8,667	3.4%	39%	-5%
OperatingExp		5,887	2.2%		5,040	2.8%		6,008	2.4%
Operating Margin		2,382	0.9%		906	0.5%		2,659	1.1%	163%	-10%
Non-OperatingItems		463	0.2%		183	0.1%		-36	-0.01%
Pre-Tax Income		2,845	1.1%		1,089	0.6%		2,623	1.0%	161%	8%
Income Tax		659	0.2%		318	0.2%		591	0.2%
Net Income		2,186	0.8%		771	0.4%		2,032	0.8%
Net Income to Parent		1,987	0.8%		605	0.3%		1,791	0.7%	228%	11%
Minority		199	0.1%		166	0.1%		241	0.1%
EPS(NT$)		0.46			0.13			0.41

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Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption

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1H20 Income Statements

NT$ Million		1H 2020	1H 2020		1H 2019	1H 2019	YoY
Net Sales		445,701	100.0%		462,996	100.0%	-4%
Gross Margin		14,215	3.2%		16,329	3.5%	-13%
OperatingExp		10,928	2.5%		11,248	2.4%
Operating Margin		3,287	0.7%		5,081	1.1%	-35%
Non-OperatingItems		647	0.1%		-349	-0.1%
Pre-Tax Income		3,934	0.9%		4,732	1.0%	-17%
Income Tax		977	0.2%		1,040	0.2%
Net Income		2,957	0.7%		3,692	0.8%
Net Income to Parent		2,592	0.6%		3,142	0.7%	-18%
Minority		365	0.1%		550	0.1%
EPS(NT$)		0.59			0.72

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Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption

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Non-Operating Breakdown

NT$ Million	2Q 2020	2Q 2020	1Q 2020	1Q 2020	2Q 2019	1H 2020	1H 2020	1H 2019	1H 2019
Interest Income (Exp), net	187			96	-281	283			-641
Investment Gain (Loss), net	421			109	207	530			274
FX Gain (Loss) , net	-211			-85	-38	-296			-107
Others		66		63	76		130		125
Non-Operating Gain (Loss)		463		183	-36		647		-349

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Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption

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2Q20 Balance Sheets

NT$ Million		2Q 2020	2Q 2020		1Q 2020	1Q 2020		2Q 2019	2Q 2019
Cash and Cash Equivalents		58,264	14%		64,247	18%		65,769	16%
Account Receivable		218,059	54%		154,493	44%		215,813	51%
Inventories		86,518	21%		88,010	25%		89,127	21%
Current Assets		368,502	90%		316,195	89%		381,962	91%
Total Assets		407,319	100%		354,938	100%		421,349	100%
Accounts Payable		167,403	41%		142,195	40%		164,987	39%
Current Liabilities		282,992	69%		233,467	66%		298,187	71%
Total Liabilities		297,284	73%		245,746	69%		309,332	73%
Shareholders' Equity		110,036	27%		109,191	31%		112,016	27%
BVPS - Parent(NT$)		23.0 $			22.9 $			23.7 $
AR days		75			77			78
Inventorydays		31			46			33
AP days		60			74			62
CCC days		47			49			50

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Note: All figures in million of NT$ except for book value per share; Financial data is IFRS adoption

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Q & A http://www.compal.com Investor@compal.com

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