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Compal — Interim / Quarterly Report 2021
Aug 12, 2021
52007_rns_2021-08-12_3667e8ff-9892-40ca-bfb6-d0fc9adf6118.pdf
Interim / Quarterly Report
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Compal Electronics, Inc. 2Q21 Consolidated Financial Results
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Aug 12, 2021
Save the earth…Please print out only when necessary
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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 These forward statements are not based on historical facts but rather on materially. looking 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 and are based on the information available to our assumptions currently 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
2Q21 & 1H21 Financial Review
Business Outlook
Q&A
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2Q21 Income Statements
| NT$ Million | 2Q 2021 | 2Q 2021 | 1Q 2021 | 1Q 2021 | 2Q21 vs. 1Q21 |
2Q 2020 | 2Q 2020 | 2Q21 vs. 2Q20 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 260,994 | 100.0% | 269,992 | 100.0% | -3% | 263,654 | 100.0% | -1% | |||
| Gross Margin | 8,771 | 3.4% | 9,602 | 3.6% | -9% | 8,269 | 3.1% | 6% | |||
| OperatingExp | 6,222 | 2.4% | 6,327 | 2.3% | 5,887 | 2.2% | |||||
| Operating Margin | 2,549 | 1.0% | 3,275 | 1.2% | -22% | 2,382 | 0.9% | 7% | |||
| Non-OperatingItems | 900 | 0.3% | 394 | 0.1% | 463 | 0.2% | |||||
| Pre-Tax Income | 3,449 | 1.3% | 3,669 | 1.4% | -6% | 2,845 | 1.1% | 21% | |||
| Income Tax | 729 | 0.3% | 760 | 0.3% | 659 | 0.2% | |||||
| Net Income | 2,720 | 1.0% | 2,909 | 1.1% | 2,186 | 0.8% | |||||
| Net Income to Parent | 2,467 | 0.9% | 2,620 | 1.0% | -6% | 1,987 | 0.8% | 24% | |||
| Minority | 253 | 0.1% | 289 | 0.1% | 199 | 0.1% | |||||
| EPS(NT$) | 0.57 | 0.60 | 0.46 |
Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption
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1H21 Income Statements
| NT$ Million | 1H 2021 | 1H 2021 | 1H 2020 | 1H 2020 | 1H21 vs. 1H20 |
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|---|---|---|---|---|---|---|---|
| Net Sales | 530,986 | 100.0% | 445,701 | 100.0% | 19% | ||
| Gross Margin | 18,373 | 3.5% | 14,215 | 3.2% | 29% | ||
| OperatingExp | 12,549 | 2.4% | 10,928 | 2.5% | |||
| Operating Margin | 5,824 | 1.1% | 3,287 | 0.7% | 77% | ||
| Non-OperatingItems | 1,293 | 0.2% | 647 | 0.1% | |||
| Pre-Tax Income | 7,117 | 1.3% | 3,934 | 0.9% | 81% | ||
| Income Tax | 1,488 | 0.3% | 977 | 0.2% | |||
| Net Income | 5,629 | 1.1% | 2,957 | 0.7% | |||
| Net Income to Parent | 5,087 | 1.0% | 2,592 | 0.6% | 96% | ||
| Minority | 542 | 0.1% | 365 | 0.1% | |||
| EPS(NT$) | 1.17 | 0.59 |
Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption
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Non-Operating Breakdown
| NT$ Million | 2Q 2021 | 2Q 2021 | 1Q 2021 | 1Q 2021 | 2Q 2020 | 2Q 2020 | 1H 2021 | 1H 2021 | 1H 2020 | 1H 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Income (Exp), net | 260 | 228 | 187 | 488 | 283 | ||||||
| Investment Gain (Loss), net | 261 | 95 | 421 | 356 | 530 | ||||||
| FX Gain (Loss) , net | 335 | 13 | -211 | 348 | -296 | ||||||
| Others | 44 | 58 | 66 | 101 | 130 | ||||||
| Non-Operating Gain (Loss) | 900 | 394 | 463 | 1,293 | 647 |
Note: All figures in million of NT$ except for earnings per share; Financial data is IFRS adoption
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2Q21 Balance Sheets
| NT$ Million | 2Q 2021 | 2Q 2021 | 1Q 2021 | 1Q 2021 | 2Q 2020 | 2Q 2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | 79,470 | 17% | 84,468 | 19% | 58,264 | 14% | |||
| Account Receivable | 205,279 | 45% | 215,868 | 48% | 218,059 | 54% | |||
| Inventories | 118,680 | 26% | 91,460 | 21% | 86,518 | 21% | |||
| Current Assets | 411,984 | 90% | 401,593 | 90% | 368,502 | 90% | |||
| Total Assets | 457,656 | 100% | 446,141 | 100% | 407,319 | 100% | |||
| Accounts Payable | 180,106 | 39% | 181,794 | 41% | 167,403 | 41% | |||
| Current Liabilities | 331,988 | 73% | 319,500 | 72% | 282,992 | 69% | |||
| Total Liabilities | 344,907 | 75% | 334,783 | 75% | 297,284 | 73% | |||
| Shareholders' Equity | 112,749 | 25% | 111,358 | 25% | 110,036 | 27% | |||
| BVPS - Parent(NT$) | 23.6 $ |
23.3 $ |
23.0 $ |
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| AR days | 72 | 73 | 75 | ||||||
| Inventorydays | 43 | 32 | 31 | ||||||
| AP days | 65 | 64 | 60 | ||||||
| CCC days | 50 | 41 | 47 |
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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 [email protected]
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