Inspire Your Vision

February, 2014

Company Profile

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Date of spin-off from SUNPLUS

31th March, 2006

TSE ticker Capital (as of 14’/1/31) Market Cap. (as of 14’/ 1/31)

Location

3545

NT$ 1,402 million

NT$ 5,749 million Hsinchu Science Park, Taiwan

Major Shareholders (as of 14’/ 1/31) Sunplus 34% Others 66% Employee Status on 14’/ 1/31 Master:68% Total # 380 R&D: 74% Sony Green Partner ISO-14001 ISO-9001:2008 OHSAS-18001:2007 Inspire Your Vision

Company Profile

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Board members Director # 9 (incl. 3 independent directors)

Dividend/ share

	EPS	Cash	Stock	Payout %
2006	$2.37	$0.3	$0.6	38%
2007	$2.74	$1.2	$0.5	62%
2008	$2.03	$1.2	-	59%
2009	$2.25	$1.9	-	84%
2010	$3.57	$2.8	-	78%
2011	$0.99	$0.8	-	81%
2012	$0.89	$0.7	-	79%
2013	$2.62

Sony Green Partner

ISO-14001 ISO-9001:2008 OHSAS-18001:2007

Inspire Your Vision

Product Category

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Category	Product	Application
Large	TCON (Timing Controller)	TV/ NB/ Monitor
Mid.	Source/ Gate Driver/ Feature Driver	Portable DVD/ Digital photo frame/ Netbook/ Tablet PC/ E-book
Small	SoC	AV (DSC/ GPS/ MP3/ E-tag/ Multi-functional printer…)
	SoC	Mobile phone
STN	Mono	Calculator/ Watch/ Telephone…

Inspire Your Vision

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Product Application
Handset IT & Tablet
Consumer
Inspire Your Vision 5
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Revenue by Product Mix

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100% 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1
90%
Other
80%
47 44
47 47
54
54
70% 58 61 61 60 58 62 57
66 Mobile
72
75
60% 79
83 83
86
50% 7 10 TCON
19 20 9 6
40% 14 5 4
16
3
13
11 AV
30% 16 15 16 14 3
19 16 13
3
18 18 12 2
12 13 4
20% 1
12 11 26 24 7 4 1 1 Mid
16
4 8 7 13 16 17 18 13 18 13 4 5
10% 3 5 12 11 13
12 8 10 9
7 7 7 8 7
0% 3 5 5 5 4 4 5 5 4 2 2 2 2 2 STN
09'1Q 09'2Q 09'3Q 09'4Q 10'1Q 10'2Q 10'3Q 10'4Q 11'1Q 11'2Q 11'3Q 11'4Q 12'1Q 12'2Q 12'3Q 12'4Q 13'1Q 13'2Q 13'3Q 13'4Q
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Inspire Your Vision

Revenue by Customer Mix

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13’ 4Q
13’ 4Q 13’ 3Q 12’ 4Q
Others Others
Others,
3% 2%
2%
TW LCM,
TW LCM CN LCM
31%
36% 38% TW LCM
CN LCM 50%
CN LCM, 44%
54%
JP LCM,
13% JP LCM, JP LCM
17% 10%
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Inspire Your Vision

Shipments & Vendors

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120,000 TFT STN
100,000
80,000
60,000
40,000
20,000
-
09'1Q 09'2Q 09'3Q 09'4Q 10'1Q 10'2Q 10'3Q 10'4Q 11'1Q 11'2Q 11'3Q 11'4Q 12'1Q 12'2Q 12'3Q 12'4Q 13'1Q 13'2Q 13'3Q 13'4Q
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	Unit: 1,000pcs	Unit: 1,000pcs
			2010	2011	2012	2013	13'YoY	13'4Q
	TFT Driver ICs		309,757	264,914	202,753	356,971	76.06%	95,230
	STN Driver ICs		58,387	39,377	33,768	30,158	-10.69%	6,021
	Total		368,144	304,291	236,521	387,129	63.68%	101,251
Vendors
		Foundry		TSMC, UMC, Vanguard, etc.
		Gold bump		Chipbond, ChipMOS
		Testing & packaging		ASE, Chipbond, Greatek, SPIL,			YTEC, etc.

		Note: in alphabetic order

Inspire Your Vision

Quarterly Income Statement

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Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement	Quarterly Income Statement
Preliminary: in NT$ M
3 months ended on	2013/12/31		2013/9/30		2012/12/31		QoQ	YoY
Net Revenue	2,156.8	100.0%	2,315.3	100.0%	1,896.0	100.0%	-7%	14%
Cost of Rev.	1,925.9	89.3%	1,909.4	82.5%	1,591.9	84.0%	1%	21%
Gross Profit	230.8	10.7%	405.9	17.5%	304.1	16.0%	-43%	-24%
Op. Exp.	280.1	13.0%	264.4	11.4%	230.7	12.2%	6%	21%
Income from Op.	-49.3	-2.3%	141.5	6.1%	73.5	3.9%	-135%	-167%
Non-Op. Income & Exp.	3.3	0.2%	-16.7	-0.7%	.8	0.0%	-120%	340%
IBIT	-46.0	-2.1%	124.8	5.4%	74.2	3.9%	-137%	-162%
Income Tax	-2.9	-0.1%	-20.1	-0.9%	-11.8	-0.6%	-85%	-75%
Net Income	-48.9	-2.3%	104.6	4.5%	62.4	3.3%	-147%	-178%
EPS	-0.35		0.75		0.45		-147%	-178%
Profit Sharing	-10.1		22.4		24.9
Note: EPS- -based on weighted average outstanding common shares.

Inspire Your Vision

YTD Income Statement

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Preliminary, Amt: in NT$ M

	2013	2013	2012	2012	YoY
Net Revenue	9,362.4	100.0%	5,006.7	100.0%	87%
Cost of Rev.	7,884.3	84.2%	4,138.3	82.7%	91%
Gross Profit	1,478.2	15.8%	868.4	17.3%	70%
Op. Exp.	1,046.5	11.2%	700.6	14.0%	49%
Income from Op.	431.7	4.6%	167.8	3.4%	157%
Non-Op. Income & Exp.	10.2	0.1%	-23.5	-0.5%	-143%
IBIT	441.8	4.7%	144.3	2.9%	206%
Income Tax	(78.1)	-0.8%	(21.0)	-0.4%	272%
Net Income	363.7	3.9%	123.3	2.5%	195%
EPS	2.62		0.89		194%
Profit Sharing	77.2		24.9
Note: EPS- -based on weighted average outstanding common shares.

Inspire Your Vision

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Balance Sheets & Key Indices

Preliminary, Amt: in NT$ M

As of	2013/12/31	2013/9/30	2012/12/31	QoQ	YoY
Total Assets	6,314	6,652	4,197	-5%	50%
Cash Equivalent	383	318	233	21%	65%
AR	2,261	2,639	1,954	-14%	16%
Inv.	2,772	2,480	1,346	12%	106%
Total Lia.	3,392	3,689	1,631	-8%	108%
Short-term Loans	760	517	319	47%	138%
AP	1,263	1,877	1,071	-33%	18%
Convertible Bonds	922	918	0	0%	0%
Shareholder Eqt.	2,922	2,963	2,566	-1%	14%
Net CF In (Out)	151	57	(526)	167%	-129%
CF fm Operation	(1,187)	(1,011)	(374)	17%	217%

ROE-annualized	13.26%	19.90%	4.83%	4.83%
AR Days	82	87	115	115
Inv. Days	95	88	101	101

Inspire Your Vision

Quarterly Revenue & Exp.

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Quarterly Rev.
NT$ M
2,925
3,000
2,315
2,157
2,400 1,896 [1,965]
1,800 1,211 [1,434] [1,608] 1,320 1,168 1,367
1,072 1,038 956
1,200 887 787
662
600
0
10'1Q 10'2Q 10'3Q 10'4Q 11'1Q 11'2Q 11'3Q 11'4Q 12'1Q 12'2Q 12'3Q 12'4Q 13'1Q 13'2Q 13'3Q 13'4Q 14'01
Quarterly Opex.
NT$ M % 16.0
Opex Op.M
320 13.4
12.2 299
13.0
290 280
264
8.7
10.0
260 8.3
9.5 231
6.1
230 6.0 203 7.0
4.3 4.0
200 187
177 2.1 4.0
1.7 3.9
170 156 1.3 3.1 4.3
140 133 141 141 141 142 156 132 150 (2.3) 1.0
-2.0
110
80 -5.0
10'1Q 10'2Q 10'3Q 10'4Q 11'1Q 11'2Q 11'3Q 11'4Q 12'1Q 12'2Q 12'3Q 12'4Q 13'1Q 13'2Q 13'3Q 13'4Q
Inspire Your Vision 12
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(0.5
0.0
0.5
1.0
1.5
2.0
-80
-40
0
40
80
120
160
200
240
280

0.74
1.15
1.32
0.36
0.56
0.14
0.22
0.07
0.08
0.17
0.19
0.45
0.59
1.63
0.75
(0.35)
)
10'1Q
10'2Q
10'3Q
10'4Q
11'1Q
11'2Q
11'3Q
11'4Q
12'1Q
12'2Q
12'3Q
12'4Q
13'1Q
13'2Q
13'3Q
13'4Q
NT$ (46)
125
111
265
99
74
31
26
14
33
51
79
182
201
29
9
(2.1)
5.4
9.2
12.7
12.5
3.8
6.8
2.7
3.2
1.0
1.7
2.7
2.2
5.0
9.0
3.9
10'1Q
10'2Q
10'3Q
10'4Q
11'1Q
11'2Q
11'3Q
11'4Q
12'1Q
12'2Q
12'3Q
12'4Q
13'1Q
13'2Q
13'3Q
13'4Q
NT$ M
(4.0)
0.0
4.0
8.0
12.0
%
EBT
EBTM
Quarterly IBIT
Quarterly EBT & EPS
Quarterly EPS

Inspire Your Vision

Future Outlook

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Focus on smartphone & tablet application
Build complete product portfolio
Continue investments in new technology
Collaborate with strategic partners for new application

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Inspire Your Vision

AI assistant

FocalTech Interim / Quarterly Report 2013

52342_rns_2014-02-19_98521be9-2f02-476a-b058-0173f30b366f.pdf

Inspire Your Vision

Company Profile

Company Profile

Product Category

Revenue by Product Mix

Revenue by Customer Mix

Shipments & Vendors

Quarterly Income Statement

YTD Income Statement

Preliminary, Amt: in NT$ M

Balance Sheets & Key Indices

Preliminary, Amt: in NT$ M

Quarterly Revenue & Exp.

Future Outlook

AI assistant

FocalTech — Interim / Quarterly Report 2013

52342_rns_2014-02-19_98521be9-2f02-476a-b058-0173f30b366f.pdf

Inspire Your Vision

Company Profile

Company Profile

Product Category

Revenue by Product Mix

Revenue by Customer Mix

Shipments & Vendors

Quarterly Income Statement

YTD Income Statement

Preliminary, Amt: in NT$ M

Balance Sheets & Key Indices

Preliminary, Amt: in NT$ M

Quarterly Revenue & Exp.

Future Outlook

More from FocalTech

FocalTech Interim / Quarterly Report 2013