FPC — Interim / Quarterly Report 2021

May 19, 2021

==> picture [108 x 517] intentionally omitted <==

Formosa Plastics Corporation 台灣塑膠工業股份有限公司 2021年第1季 營運績效摘要

1

==> picture [103 x 517] intentionally omitted <==

營業收入-產品別(IFRSs consolidated)

2020 Q1 Net Sales: NT$42 billion

2021 Q1 Net Sales: NT$60 billion

==> picture [576 x 186] intentionally omitted <==

----- Start of picture text -----

NBA MMA NBA ECH MMA
ECH 1% 1% 2% 2% 1%
3% MTBE Others SAP MTBE Others
SAP 1% 12% PVC 3% 1% 10% PVC
4% 24% Caustic
AN 26%
Soda AN
4%
LLDPE PP 4% 6%
PP
6% 15% HDPE
LLDPE 15%
Acrylic Caustic 6% Acrylic
Esters EVA HDPE Soda 6% EVA Esters
6% 7% 8% 8% 8% 10%
----- End of picture text -----

 PVC accounted for 26% and 24% of revenue in 2021 Q1 and 2020 Q1 respectively  PE (HDPE/EVA/LLDPE) accounted for 20% and 21% of revenue in 2021 Q1 and 2020 Q1 respectively

 Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 10% and 9% of revenue in 2021 Q1 and 2020 Q1 respectively

 Revenue in 2021 Q1 rose 44.2% from 2020 Q1, mainly due to increasing ASP of all products except for Caustic Soda, MTBE, ECH and increasing sales volume of all products except for HDPE, NBA ,SAP and ECH

2

==> picture [103 x 517] intentionally omitted <==

==> picture [588 x 436] intentionally omitted <==

----- Start of picture text -----

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
% %
36%
150%
24%
100%
27% 12%
34%
24%
16%
50% 17% 0%
54%
52% 47% 38%
41%
-12%
0%
2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1
-24%
-50%
-36%
PVC PE PVC PE
Acrylic Acid & Esters Caustic Soda Acrylic Acid & Esters Caustic Soda
Specialty Chemicals PP Specialty Chemicals PP
SAP Others SAP
----- End of picture text -----

==> picture [405 x 14] intentionally omitted <==

----- Start of picture text -----

Note : Specialty Chemicals include AN, MTBE, MMA and ECH
----- End of picture text -----

3

==> picture [103 x 517] intentionally omitted <==

產能擴充計畫

==> picture [575 x 212] intentionally omitted <==

----- Start of picture text -----

|||||||
|---|---|---|---|---|---|
|Current|
|Expansion|Completion|Investment|
|Location|Products|Capacity|
|(p.a.)|Date|(US$ mn)|
|(p.a.)|
|Ningbo, China|Propylene*|-|600KMT|2021Q3|800|
|EVA|72KMT|28KMT|2023Q1|44|
|Renwu, Taiwan|PVC|1,315KMT|27KMT|2021Q4|2|
|Linyuan, Taiwan|PVC|1,342KMT|37KMT|2021Q4|2|
|Mailiao, Taiwan|PVC|1379KMT|36KMT|2022Q4|3|

----- End of picture text -----

*Note: PDH (propane dehydrogenation) process.

4

==> picture [103 x 517] intentionally omitted <==

合併營業額(IFRSs)

NT$ million

==> picture [566 x 359] intentionally omitted <==

----- Start of picture text -----

60,602
64,000
54,635
46,175
48,000 42,984
42,019
32,000
16,000
0
2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1
 Revenue rose 10.9% in 2021 Q1 from 2020 Q4 mainly due to
increasing ASP of all products except for Caustic Soda
----- End of picture text -----

5

==> picture [103 x 517] intentionally omitted <==

稅前利益

NT$million 20,000 15,000 10,000 5,000

18,062

==> picture [53 x 15] intentionally omitted <==

----- Start of picture text -----

12,962
----- End of picture text -----

11,181

130 0 2020 Q1 2020 Q2 2020 Q3 2020 Q4 2021 Q1 -107 -5,000

 Pre-tax income rose in 2021 Q1 due to operating income was 45.9% higher than 2020 Q4

6