Compal — Interim / Quarterly Report 2020

Feb 18, 2021

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Compal Electronics, Inc. 3Q20 Consolidated Financial Results

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Nov 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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3Q20 Income Statements

NT$ Million		3Q 2020	3Q 2020		2Q 2020	2Q 2020		3Q 2019	3Q 2019	QoQ	YoY
Net Sales		269,242	100.0%		263,654	100.0%		249,923	100.0%	2%	8%
Gross Margin		8,993	3.3%		8,269	3.1%		8,063	3.2%	9%	12%
OperatingExp		5,941	2.3%		5,887	2.2%		5,643	2.2%
Operating Margin		3,052	1.0%		2,382	0.9%		2,420	1.0%	28%	26%
Non-OperatingItems		160	0.0%		463	0.2%		87	0.0%
Pre-Tax Income		3,212	1.0%		2,845	1.1%		2,507	1.0%	13%	28%
Income Tax		655	0.2%		659	0.2%		463	0.2%
Net Income		2,557	0.8%		2,186	0.8%		2,044	0.8%
Net Income to Parent		2,188	0.7%		1,987	0.7%		1,800	0.7%	10%	22%
Minority		369	0.1%		199	0.1%		244	0.1%
EPS(NT$)		0.50			0.46			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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1-3Q Income Statements

NT$ Million		1-3Q 2020	1-3Q 2020		1-3Q 2019	1-3Q 2019	YoY
Net Sales		714,942	100.0%		712,919	100.0%	0%
Gross Margin		23,208	3.2%		24,392	3.4%	-5%
OperatingExp		16,869	2.3%		16,891	2.3%
Operating Margin		6,339	0.9%		7,501	1.1%	-15%
Non-OperatingItems		807	0.1%		-261	-0.1%
Pre-Tax Income		7,146	1.0%		7,240	1.0%	-1%
Income Tax		1,631	0.2%		1,504	0.2%
Net Income		5,515	0.8%		5,736	0.8%
Net Income to Parent		4,780	0.7%		4,942	0.7%	-3%
Minority		735	0.1%		794	0.1%
EPS(NT$)		1.10			1.13

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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	3Q 2020	3Q 2020	2Q 2020	2Q 2020	3Q 2019	1-3Q 2020	1-3Q 2020	1-3Q 2019	1-3Q 2019
Interest Income (Exp), net	67		187		-206	350			-847
Investment Gain (Loss), net	88		421		71	618			344
FX Gain (Loss) , net	-116		-211		133	-412			27
Others		121		66	89		251		215
Non-Operating Gain (Loss)		160		463	87		807		-261

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

						3Q20 Balance Sheets	3Q20 Balance Sheets	3Q20 Balance Sheets	3Q20 Balance Sheets	3Q20 Balance Sheets
	NT$ Million		3Q 2020			2Q 2020			3Q 2019
	Cash and Cash Equivalents		85,506	20%		58,264	14%		55,444	13%
	Account Receivable		192,794	44%		218,059	54%		204,756	49%
	Inventories		104,674	24%		86,518	21%		111,060	27%
	Current Assets		392,749	90%		368,502	90%		379,859	91%
	Total Assets		434,317	100%		407,319	100%		417,690	100%
	Accounts Payable		192,175	44%		167,403	41%		174,946	42%
	Current Liabilities		308,622	71%		282,992	69%		291,629	70%
	Total Liabilities		322,460	74%		297,284	73%		303,978	73%
	Shareholders' Equity		111,856	26%		110,036	27%		113,712	27%
	BVPS - Parent(NT$)		23.4 $			23.0 $			24.0 $
	AR days		65			75			75
	Inventorydays		37			31			42
	AP days		67			60			66
	CCC days		35			47			51

3Q20 Balance Sheets

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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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