FPC — Interim / Quarterly Report 2021

Dec 6, 2021

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Formosa Plastics Corporation 台灣塑膠工業股份有限公司 2021年第3季 營運績效摘要 September 30, 2021

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營業收入-產品別(IFRSs consolidated)

2020 Q3 Net Sales: NT$46 billion

2021 Q3 Net Sales: NT$67 billion

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ECH NBA MTBE SAP MTBE
MMA ECH
2% 2% 1% 2% [MMA] 1%
2% 2% 2% NBA Others
Others
SAP
1% 11% PVC
3% 10% PVC Caustic
23%
24% Soda
AN
5% PP
4%
AN
HDPE 14%
PP
EVA 6%
Acrylic 18% 6% Acrylic
7% LLDPE
Esters EVA Esters
HDPE 7%
7% 8% 12%
8%
Caustic LLDPE
Soda 7%
5%
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 PVC accounted for 23% and 24% of revenue in 2021 Q3 and 2020 Q3 respectively  PE (HDPE/EVA/LLDPE) accounted for 21% and 22% of revenue in 2021 Q3 and 2020 Q3 respectively

 Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 11% and 9% of revenue in 2021 Q3 and 2020 Q3 respectively

 Revenue in 2021 Q3 rose 45% from 2020 Q3, mainly due to increasing ASP of all products and increasing sales volume of PVC ,Caustic Soda ,AE , AN , MTBE and ECH

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營業利益-產品別
聚 氯乙烯及聚乙烯為主要獲利來源
Operating Profits Operating Margins
% %
40%
150%
30%
100%
27%
34%
20%
24%
16%
50%
17%
19%
54% 20%
10%
52% 47%
41% 38% 32%
24%
0%
2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3
0%
-50%
-10%
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
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產能擴充計畫

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|||||||
|---|---|---|---|---|---|
|Current|
|Expansion|Completion|Investment|
|Location|Products|Capacity|
|(p.a.)|Date|(US$ mn)|
|(p.a.)|
|Ningbo, China|Propylene*|-|600KMT|2022Q3|800|
|EVA|72KMT|28KMT|2022Q4|44|
|Renwu, Taiwan|PVC|1,315KMT|27KMT|2023Q4|2|
|Linyuan, Taiwan|PVC|1,342KMT|37KMT|2023Q4|2|
|Mailiao, Taiwan|PVC|1379KMT|36KMT|2023Q4|3|
|Linyuan, Taiwan|PP|474KMT|10KMT|2022Q2|14|

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*Note: PDH (propane dehydrogenation) process.

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合併營業額(IFRSs)

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NT$ million
71,653
75,000
66,936
60,602
54,635
56,250
46,175
42,984
42,019
37,500
18,750
0
2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3
 Revenue in 2021 Q3 fell 6.6% from 2021 Q2 mainly due to
decreasing ASP of PVC and sales volume given more plants in
turnaround
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稅前利益

NT$million

24,582 22,513

26,000

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18,062
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19,500 13,000 6,500 0

12,962

11,181

130

2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3

-107 -6,500

 Pre-tax income in 2021 Q3 fell 8.4% from 2021 Q2 due to operating income was 30.7% lower than 2021 Q2

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