FPC — Interim / Quarterly Report 2018

Jan 29, 2018

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Formosa Plastics Corporation 台灣塑膠工業股份有限公司 2017年第3季 營運績效摘要

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營業收入-產品別(IFRSs consolidated)

2016 Q3 Net Sales: NT$42.1 billion

2017 Q3 Net Sales: NT$53.5 billion

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MMA
SAP ECH NBA
2% 2% 2% 1% MTBE SAP MMANBA MTBE ECH
LLDPE
LLDPE 1% 3% 2% 2% 2% 1%
3%
4%
AN AN PVC
6% PVC 6% EVA 21%
EVA
24% 7%
6% Caustic PP
Acrylic
Caustic Soda 16%
Esters
PP
Soda 8%
6%
16% HDPE Others
7% HDPE Others 9% Acrylic 11%
12% Esters
11%
9%
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 PVC accounted for 21% and 24% of revenue in 2017 Q3 and 2016 Q3 respectively  PE (HDPE/EVA/LLDPE) accounted for 19% and 21% of revenue in 2017 Q3 and 2016 Q3 respectively

Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 11% and 11% of revenue in 2017 Q3 and 2016 Q3 respectively



Revenue in 2017 Q3 rose 26.9% from 2016 Q3, mainly due to increasing ASP of all products except PE/EVA and PP, and increasing sales volume of all products except MMA



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營業利益-產品別
特用化學品及聚氯乙烯為主要獲利來源
Operating Profits Operating Margins
% %
36%
200%
24%
57%
100% 40% 44% 23% 12%
29% 27%
26%
47% 23% 0%
38% 32%
2016 2016 2016 2016 2017 2017 2017
32% 23% 24% Q1 Q2 Q3 Q4 Q1 Q2 Q3
0% -12%
2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017Q2 2017 Q3
-24%
-100% -36%
PVC PE PVC PE
Acrylic Acid & Esters Caustic Soda Acrylic Acid & Esters Caustic Soda
Specialty Chemicals PP Specialty Chemicals PP
SAP Others SAP
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Note : Specialty Chemicals include AN, MTBE, MMA and ECH 3

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產能擴充計畫

1. Ningbo , China (Total investment US$ 811 mn)

Current Expansion Completion Main Products Capacity (MT/p.a.) Date (p.a.) (%) PP 450KMT 72KMT 2019Q2 16.00 PDH - 600KMT 2021Q2 -

Capacity Increase (%)

2. Texas, USA (Total investment US$ 540 mn)

Current Expansion Completion Capacity (MT/p.a.) Date (p.a.) HDPE - 400KMT 2018Q4 -

Capacity Increase (%)

Main Products

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合併營業額(IFRSs)

NT$ million

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60,000
53,480
52,366
50,447
47,796
44,799
42,782
45,000 42,145
30,000
15,000
0
2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3
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 Revenue rose 2.1% in 2017 Q3 from 2017 Q2 mainly due to (1) higher ASP of all products except PE/EVA and AN (2) higher sales volume of EVA, AE, NBA, SAP and PP

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稅前利益

NT$million 17,997 18,000 13,378 13,500 12,129 11,654 11,663 10,760 9,000 6,653 4,500 0 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3  Pre-tax income rose 54.3% in 2017 Q3 from 2017 Q2 mainly due to (1) higher investment income from FPCC and (2) cash dividend from NPC and FCFC

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