FOPCO — Interim / Quarterly Report 2017

Aug 25, 2017

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FORMOSA OILSEED PROCESSING CO., LTD.

2017 Second Quarter Results Report Stock Code：1225

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Com an Profile p y

• Date of Establishment：April 18[th] , 1986

• Listed in Taiwan Stock Exchange on Sep., 1993

• Stock Code[：][1225 ]

• The company has obtained the relevant certification as follows :

ISO 9001 ISO 22000

HACCP (Hazard Analysis Critical Control Points) HALAL (Taiwan Halal Integrity Development Association) FACS (Food Safety Accreditation & Certification System)

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Location

 The plant is in a centralized location wedged between interchange 189 and interstate 1 ; two of the most convenient transport routes in Taiwan. This allows us to rapidly attend to the needs of our customers within just 4 hours of any direction. As such, the attentiveness of our service has garnered the recognition and praise of our customers over the years.

TAIPEI BRANC ~~H~~ OFFICE

HEAD OFFICE

 The main sales area Taichung 35.44% Changhua 14.58% Taoyuan 8.68% Taipei 7.96% Yunlin 7.06% Other 26.28%

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Major Business

1. Production and sale of soybean meal, full fat soybean meal, lecithin, palm oil, flour, wheat bran, wheat pollard, wheat germ etc.

2. Manufacturing and sales business of feed, barley, corn and by-products, full fat soybean meal and by-products.

3. Procurement, distribution and trading business of oil, feed, barley, corn meal, full fat soybean meal and by-products.

4. Import and sale of corn, soybean, wheat, barley, other grains etc.

5. General import and export trading business. (except for permitted business)

6. Quotation, tendering and distribution of products of domestic and foreign manufacturers. (except futures)

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Major Business Proportion

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Production and Sale Profile

2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands	2016Q2 Unit：MT；NTD in Thousands
Production value	Capacity		Quantity		Output value
OIL DEPT	39,000		104,075		1,737,743
ANIMAL FEED DEPT	99,000		70,777		1,087,128
FLOUR DEPT	150,000		222,082		2,252,616
Total	288,000		396,934		5,077,487
Sales value	Domestic value			Export value
	Quantity	Sales value		Quantity		Sales value
OIL DEPT	106,847	2,105,411		104		2,137
ANIMAL FEED DEPT	148,951	1,815,670		17,179		97,933
FLOUR DEPT	101,517	1,122,976		9,080		92,451
Total	357,315	5,044,057		26,363		192,521

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Annual Segment Information

(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands	(Consolidated)Unit：NTD in Thousands
Item		2017Q2		2016Q2		YOY
		Amount	%	amount	%
Revenue		5,271,568	100	5,242,436	100	1%
Gross Profit		515,372	10	582,354	11	(12%)
SellingExpenses		188,841	3	174,897	3	8%
Administrative Expenses		85,091	2	90,408	2	(6%)
Research and Development Expenses		13,663	-	11,970	-	14%
Operation Profit		232,609	5	318,925	6	(27%)
Profit Before Tax		243,409	5	317,758	6	(23%)
Profit After Tax		189,275	4	234,941	5	(19%)
Profit After Tax (attribute to owners of theparent)		153,707	3	188,823	3	(19%)
EPS(NTD dollar)		0.70		0.86

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Key Balance Sheet Items & Indices Consolidated ( ) Unit：NTD in Thousands ：NTD in Thousands NTD in Thousands

Unit：NTD in Thousands ：NTD in Thousands NTD in Thousands

Item		106/1/1~106/6/30	106/1/1~106/6/30	105/1/1~105/6/30	105/1/1~105/6/30
		amount	%	amount	%
Property, Plant & Equipment		2,119,261	33	2,190,232	32
Total Assets		6,359,191	100	6,902,149	100
Interest-bearing Debt (short / long-term borrowings、 short-term notes and bills payable、corporate bonds)		1,873,494	29	2,446,350	35
Total Liabilities		2,862,250	45	3,447,512	50
Total Equity		3,496,941	55	3,454,637	50
KeyIndices
Current Ratio		202%		197%
Acid Test Ratio		133%		138%
Total Liabilities to Equity Ratio		82%		100%

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Key Cash Flow Items(Consolidated)

Unit：NTD in Thousands

Items	106/1/1~106/6/30	105/1/1~105/6/30
Beginning Balance	427,939	451,931
Net Cash provided by operating activities	366,656	403,807
Net Cash used in investing activities	15,355	33,694
Net Cash (used in) provided by financing activities	(307,467)	67,767
Net increase (decrease) in short-term loans and short-term notes / bills payable	(8,967)	347,382
Net (decrease) in long-term loans	(235,000)	(305,000)
Ending Balance	474,932	923,039

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Thank you for your attention.

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