FPC — Interim / Quarterly Report 2020

Mar 8, 2021

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

Formosa Plastics Corporation 台灣塑膠工業股份有限公司 2020年第3季 營運績效摘要

1

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

營業收入-產品別(IFRSs consolidated)

2019 Q3 Net Sales: NT$50 billion

2020 Q3 Net Sales: NT$46 billion

==> picture [582 x 186] intentionally omitted <==

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

MMA NBA MTBE ECH NBA MTBE
ECH MMA
2% 2% 1% 2% 2% 1%
2% 2%
Others Others
LLDPE 11% PVC SAP 10% PVC
3% SAP 23% 3%AN 24%
3% 4% Caustic
Soda
EVA
PP
6% Acrylic EVA 5% PP
AN 17%
Esters 7%Acrylic 18%
7% HDPE Esters HDPE
7%
Caustic 8% 7% LLDPE 8%
Soda 7%
8%
----- End of picture text -----

 PVC accounted for 24% and 23% of revenue in 2020 Q3 and 2019 Q3 respectively  PE (HDPE/EVA/LLDPE) accounted for 22% and 17% of revenue in 2020 Q3 and 2019 Q3 respectively

 Specialty Chemicals (AN/MMA/ECH/MTBE) accounted for 9% and 12% of revenue in 2020 Q3 and 2019 Q3 respectively

 Revenue in 2020 Q3 fell 7.1% from 2019 Q3, mainly due to decreasing ASP of all products and decreasing sales volume of Caustic Soda, AN, MTBE and MMA

2

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

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

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

營業利益-產品別
聚氯乙烯及聚丙烯為主要獲利來源
Operating Profits Operating Margins
% %
36%
150%
24%
50%
100%
12%
34% 27%
18% 33% 37% 24%
50% 0%
52%
54% 41%
28% 31% 54% -12%
18%
0%
2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3
-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 -----

Note : Specialty Chemicals include AN, MTBE, MMA and ECH 3

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

產能擴充計畫

==> picture [575 x 244] 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|2022Q4|2|
|Linyuan, Taiwan|PVC|1,342KMT|37KMT|2022Q4|2|
|Mailiao, Taiwan|PVC|1379KMT|36KMT|2022Q4|3|
|Mailiao, Taiwan|SAP|60KMT|10KMT|2020Q4|2.5|

----- 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 [553 x 273] intentionally omitted <==

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

64,000
56,569
53,012
49,715 48,552
46,175
48,000 42,984
42,019
32,000
16,000
0
2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3
----- End of picture text -----

 Revenue rose 7.4% in 2020 Q3 from 2020 Q2 mainly due to increasing ASP of all products except for Caustic Soda, SAP and ECH

5

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

稅前利益

==> picture [552 x 317] intentionally omitted <==

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

NT$million
18,000 16,706
12,572
13,500
11,181
9,334
9,000
3,607
4,500
130
0
2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3
-107
-4,500
----- End of picture text -----

 Pre-tax income rose in 2020 Q3 due to investment income from FPCC and cash dividend from NPC

6