EVERTEX — Interim / Quarterly Report 2017

Sep 22, 2017

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Founded 1986 Sales Office: 30 Employees Factory: 240 Sales Office: Taipei City Location Factor : Tao uan Cit y y y Stock Listed 1999

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1988

operation

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1997
Warp knitting
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2007 2014

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2015 2008

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1996

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2000

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2009 2009

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2015

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Production volume: 2.5 million

• Lab dipping

Sample dyeing

Knitting 250,000 meters per month

• Coating 100,000 meters per month

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Physical testing

Colorfastness testing

Dura coat®

• Speed dry DWR

Brushing

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			2017	2017
NT $ Thousands	Y2015	Y2016	1Q	2Q	1H
Net Sales	761,731	685,778	179,635	187,239	366,874
YOY growth	2.3%	-10.0%	-2.0%	12.7%	5.0%
Gross Margin	167,019	154,694	42,146	40,111	82,257
Gross Margin%	21.9%	22.6%	23.5%	21.4%	22.4%
Operating Expense	97,430	102,487	29,456	29,106	58,562
YOY growth	12.6%	5.2%	14.3%	27.0%	20.3%
Operating Margin	69,589	52,207	12,690	11,005	23,695
Operating Margin %	9.1%	7.6%	7.1%	5.9%	6.5%
Non-Operating Income	5,461	4,325	-901	2,451	1,550
NPAT	61,101	46,956	9,790	11,281	21,071
EPS(NT$)	0.71	0.55	0.11	0.13	0.25

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	NT $ Thousands Y2015 Y2016 1H2017 Net sales 442,808 380,959 185,642 Gross Margin% 16.0% 12.9% 13.1% % of Total Sales 58.1% 55.6% 50.6% Net sales 318,923 304,819 181,232 Gross Margin% 30.1% 34.6% 32.0% % of Total Sales 41.9% 44.4% 49.4% 761,731 685,778 366,874
Commission Dye Fabric Total Sales

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NT $ Thousands Cash Position Account Receivable DSO(Days) Inventory DOH(Days) Account Payable Days	Y2015 309,940 153,240 76 176,078 113 45,233 43	Y2016 343,743 156,948 83 133,488 106 61,616 37	2017 1QEnd 2QEnd 341,879 341,596 152,405 141,925 79 66 137,420 127,602 89 91 62,818 63,874 42 37
			1QEnd 341,879 152,405 79 137,420 89 62,818 42

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Capacity : 1.5 megawatts Electricity Generation : 1,587,000 watts/Year CO2 Reduction : 828,414 KG/Year 2 (CO reduction effect equal to reduction effect of 2.13 Da-An Forest Parks)

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Some of our European Customers:

 Jack Wolfskin

 KJUS

• Salewa

• Haglofs

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• Rab

• Millet

• Peak Performance

 Errea

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• Polyester (mesh, liners)

 Polyester/Spandex (base

• Polyester/Spandex

 Polyester (tech tee)

 Polyester/Merino wool

Special Products

 Filament Polyester Bulky Stretch Yarn

• Abrasion Resistant Dura Coat ™

• Janerino® merino wool blends

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• Coating on single side or both sides (DWR, abrasion resistance, wind resistance)

• Durable water-based PU coating

• Breathable

• Little change in hand feel, especially on brushed qualities

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:

• Soft hand feel

• Thermal and moisture management

• Mechanical wicking

• Anti-static

• Easy care

• Warm feel even when wet

• Anti-odor

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