FPC — Interim / Quarterly Report 2021

Sep 14, 2021

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Formosa Plastics Corporation 台灣塑膠工業股份有限公司 2021年第2季 營運績效摘要

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營業收入-產品別(IFRSs consolidated)

2020 Q2 Net Sales: NT$43 billion

2021 Q2 Net Sales: NT$71 billion

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ECH MTBE
MMA NBAMTBE
SAP
ECH 2% [MMA] 1%
2% 1% 1% 1% Others 2% 2% NBA Others
SAP 11% PVC Caustic 1% 11% PVC
4% 22% Soda 24%
AN 4%
HDPE PP
4% PP AN
6% 14%
19% 7%
Acrylic
Acrylic LLDPE LLDPE
EVA Esters
Esters HDPE
7% 7%
Caustic 9% 10%
7% 8%
Soda
EVA
7%
6%
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 PVC accounted for 24% and 22% of revenue in 2021 Q2 and 2020 Q2 respectively  PE (HDPE/EVA/LLDPE) accounted for 22% and 21% of revenue in 2021 Q2 and 2020 Q2 respectively  Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 12% and 8% of revenue in 2021 Q2 and 2020 Q2 respectively  Revenue in 2021 Q2 rose 66.7% from 2020 Q2, a historical high over the same period, mainly due to increasing ASP of all products except for Caustic Soda and increasing sales volume of Caustic Soda ,AE ,EVA ,AN , MTBE and MMA 2

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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%
10%
52% 47%
41% 38% 32%
0%
2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2
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|2022Q1|800|
|EVA|72KMT|28KMT|2023Q2|44|
|Renwu, Taiwan|PVC|1,315KMT|27KMT|2021Q4|2|
|Linyuan, Taiwan|PVC|1,342KMT|37KMT|2021Q4|2|
|Mailiao, Taiwan|PVC|1379KMT|36KMT|2023Q4|3|

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*Note: PDH (propane dehydrogenation) process.

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合併營業額(IFRSs)
NT$ million
71,653
75,000
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
 Revenue in 2021 Q2 reached the quarterly historical high and
rose 18.2% from 2021 Q1 mainly due to increasing ASP of all
products
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稅前利益

NT$million 26,000 24,582 18,062 19,500 12,962 11,181 13,000 6,500 130 0 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 2021 Q2 -107 -6,500

 Pre-tax income in 2021 Q2 reached the quarterly historical high and rose 36.1% from 2021 Q1 due to operating income was 42.9% higher than 2021 Q1

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