FOXLINK — Investor Presentation 2020

Dec 3, 2020

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正崴精密工業股份有限公司 Cheng Uei Precision Industry Co., Ltd.

法 人 說 明 會 Investor Conference 2020 年 12 月 3 日

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Foxlink Confidential

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Capital：NT$5.12Billion

Foxlink Confidential

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財務狀況報告 Financial status

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主要產品別營收 Segment information

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3C Components System Channel Total
ITEM
NT$'000 % NT$'000 % NT$'000 % NT$'000 %
Jan.~Oct. 2019 33,406,464 42% 37,157,295 46% 9,996,929 12% 80,560,688 100%
Jan.~Oct. 2020 28,747,894 40% 35,529,963 50% 7,012,796 10% 71,290,653 100%
YoY % -14% -4% -30% -12%
2019 年 1 月 ~10 月 2020 年 1 月 ~10 月
Channel
Channel
12%
10%
3C
3C
Components
Components
42% 3C Components 3C Components
40%
SYSTEM SYSTEM SYSTEM SYSTEM
46% 50%
Channel Channel
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財務狀況報告 Financial status

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合併損益表 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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Jan.~Sep. 2020 Jan.~Sep. 2019 YoY
Items
NT$'000 % NT$'000 % %
營業收入 Operating revenue 62,342,308 100.0% 69,322,603 100.0% -10.1%
營業成本 Operating cost (55,856,697) 89.6% (62,433,638) 90.1%
營業毛利 Gross Profit 6,485,611 10.4% 6,888,965 9.9% -5.9%
營業費用 Operating expenses (5,085,973) 8.2% (5,750,947) 8.3%
營業利益 Operating income 1,399,638 2.2% 1,138,018 1.6% 23.0%
營業外收入及支出合計
543,040 0.9% 520,277 0.8% 4.4%
Non-O eratin income and ex enses
p g p
所得稅費用 Income tax expenses (526,567) -0.8% (399,176) -0.6%
歸屬母公司淨利 Net income 1,485,211 2.4% 1,356,253 2.0% 9.5%
每股盈餘 ( 元 ) EPS （ in dollars) 3.06 2.80
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財務狀況報告 Financial status

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營業毛利率及營業利益率趨勢
Gross margin & Operating Profit Margin
12.0%
10.4%
10.0% 9.7% 10.2% 9.9%
8.1%
8.0%
毛利率
6.0% Gross Profit %
4.0%
營業利益率
2.2%
2.0% 1.6% Operating income %
0.8%
0.0% -0.7% -1.0%
2016 年前三季 2017 年前三季 2018 年前三季 2019 年前三季 2020 年前三季
-2.0%
EPS （ in dollars)
3.06
2.80
2.15
0.52
(0.56)
2016 年前三季 2017 年前三季 2018 年前三季 2019 年前三季 2020 年前三季
EPS( in dollars)
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財務狀況報告 Financial status

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合併資產負債表 CONSOLIDATED BALANCE SHEETS

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September 30, 2020 September 30, 2019 September 30, 2018
Items
NT$'000 % NT$'000 % NT$'000 %
現金及約當現金
12,679,244 15% 7,747,422 10% 3,800,218 6%
Cash and cash equivalents
應收帳款
18,510,684 22% 20,445,358 25% 12,964,208 20%
Accounts receivable
存貨 Inventories 12,337,723 14% 13,917,098 17% 13,681,517 21%
預付貨款 Prepayments 1,494,826 2% 1,653,029 2% 1,263,480 2%
流動資產合計
46,713,177 55% 45,095,081 56% 32,730,000 51%
Total Current assets
非流動資產合計
38,741,570 45% 36,047,715 44% 30,984,563 49%
Total non-current assets
資產總計
85,454,747 100% 81,142,796 100% 63,714,563 100%
TOTAL ASSETS
短期借款
6,294,206 7% 3,040,433 4% 628,213 1%
Short-term borrowings
應付帳款
22,774,079 27% 25,230,521 31% 23,051,560 36%
Accounts payable
流動負債合計
33,690,007 39% 31,170,268 38% 25,024,405 39%
Total current liabilities
應付公司債 6,573,891 8% 2,987,314 4% - 0%
Corporate bonds payable
長期借款
13,202,717 15% 15,236,781 19% 12,475,713 20%
Long-term borrowings
非流動負債合計
22,618,559 26% 21,950,149 27% 15,166,140 24%
Total non-current liabilities
負債總計
56,308,566 66% 53,120,417 65% 40,190,545 63%
TOTAL LIABILITIES
權益合計
29,146,181 34% 28,022,379 35% 23,524,018 37%
TOTAL EQUITY
負債及權益總計 85,454,747 100% 81,142,796 100% 63,714,563 100%
TOTAL LIABILITIES AND EQUITY
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財務狀況報告 Financial status

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67.0%
66.0% 65.5%
65.9%
65.0%
64.0%
負債比率
Debt Ratio
63.0% 63.1%
62.0%
61.0%
2018 年 Q3 2019 年 Q3 2020 年 Q3
160.0%
144.7%
138.7%
140.0%
130.8%
120.0% 流動比率
Current Ratio
100.0% 97.6%
速動比率
94.7%
80.0%
71.1% Quick Ratio
60.0%
2018 年 Q3 2019 年 Q3 2020 年 Q3
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3C Component

• Component products for various types of headphones

• Various module products for electric vehicles (power batteries, flexible boards, charging piles, connectors, control modules etc.)

• CCM products for NB and wireless charging back cover for mobile phone

System

• Game controller/ headset/ peripheral accessories for both E-sport and game consoles

• High speed transmission module of 5G cloud server

• Assembly of two-wheel electric vehicles (bicycles and scooters) and personal wearable device products

Channel

• To expand business and educational institutions projects

• To enhance member services and marketing

• Demand of NB and Pad will keep increasing driven by stay-at-home economy

• Benefit from iPhone will last till 2nd quarter of 2021

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簡 報 結 束 Thank you

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