INVENTEC — Interim / Quarterly Report 2017

Nov 10, 2017

Inventec Corporation and Subsidiaries 2017 Third Quarter Investor Conference

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自主創新 綠能環保 雲端應用 移動生活 新興市場
Rapid Innovation Sustainable Energy Cloud Solutions Mobile Lifestyle Emerging Markets
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Consolidated Statements of Comprehensive Income

	NT$ Million	2017 Q1~Q3	2016 Q1~Q3	YoY %
	Sales Revenue	334,835 100.0%	315,348 100.0%	6%
	Gross Profit	18,347 5.5%	17,538 5.6%	5%
	Operating Expense	12,048 3.6%	11,706 3.8%	3%
	Operating Profit	6,299 1.9%	5,832 1.8%	8%
	Non Operating Income and Expenses	156 0.0%	(1,003) -0.3% -116%
	Profit Before Income Tax	6,454 1.9%	4,829 1.5% 34%
	Profit for the Period	4,291 1.3%	3,346 1.1% 28%
	Total Comprehensive Income	4,183 1.2%	1,329 0.4% 215%
	Profit Attributable to
	Owners of the Parent	4,929 1.5%	3,859 1.3%
	Non-Controlling Interest	(638) -0.2%	(513) -0.2%
	Total Comprehensive Income Attributable to
	Owners of the Parent	4,818 1.4%	1,851 0.6%
	Non-Controlling Interest	(635) -0.2%	(522) -0.2%
	EPS (NT$)	1.37	1.08

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Consolidated Statements of Comprehensive Income

	NT$ Million	2017 Q3	2017 Q2	QoQ %	2016 Q3	YoY %
	Sales Revenue	123,960 100.0%	111,120 100.0%	12%	111,654 100.0%	11%
	Gross Profit	6,786 5.5%	6,009 5.4%	13%	5,891 5.3%	15%
	Operating Expense	4,216 3.4%	3,902 3.5%	8%	4,010 3.6%	5%
	O i P fi perat ng ro t	2 1% 2,570 .	1 9% 2,107 .	22%	1 7% 1,881 .	37%
	Non Operating Income and Expenses	692 0.5%	457 0.4%	51%	(766) -0.7%	-190%
	Profit Before Income Tax	3,262 2.6%	2,564 2.3%	27%	1,115 1.0%	193%
	Profit for the Period	2,208 1.8%	1,725 1.6%	28%	677 0.6%	226%
	Total Comprehensive Income	2,666 2.1%	2,371 2.1%	12%	(296) -0.3% -1001%
	Profit Attributable to
	Owners of the Parent	2,325 1.9%	1,925 1.8%		1,213 1.1%
	Non-Controlling Interest	(117) -0.1%	(200) -0.2%		(536) -0.5%
	Total Comprehensive Income Attributable to
	Owners of the Parent	2,781 2.2%	2,565 2.3%		245 0.2%
	Non-Controlling Interest	(115) -0.1%	(194) -0.2%		(541) -0.5%
	EPS (NT$)	0.65	0.54		0.34

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Consolidated Sales Revenue

				Solar Related	Solar Related	Solar Related	Smart Device	Smart Device		PC,	Server
	100%			3.3%	3.4%	3.0%	2.7%	2.3%		3.4%	4.5%
	90%			19.2%	16.8%	18.0%	19.2%	15 4% .		11 8% .	12.4%
	80%
	70%
	60%
	50%
	40%			77.5%	79.8%	79.0%	78.1%	82.3%		84.8%	83.1%
	30%
	20%
	10%
	0%
				17Q3	17Q2	17Q1	16Q4	16Q3		16Q2	16Q1

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Financial Trend Analysis

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Sales Revenue ratin Profit
Ope g
Unit: NT$ one hundred million
Unit: NT$ one hundred million
35
1,400
1,240
1,200 1,111 1,131 1,117 1,083 30 25.7
998
954 23.5
1,000 25 21.1
18.8 [20.9 ] 18.6
800 20
16.2
600 15
400 10
200 5
0
0
17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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Financial Trend Analysis

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Gross Profit Margin Operating Profit Margin
% %
7.0 3.5
5.9
6.0 5.5 5.4 5.6 5.7 5.5 3.0
5.3
5.0 2.5
2.1 2.1
1.9 1.9 2.0
4.0 2.0
1.7
1.6
3.0 1.5
2.0 1.0
1.0 0.5
0 0. 0 0.
17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1 17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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Non-Operating Income and Expense

NT$ Million	2017 Q3	2016 Q3	2017 Q1~Q3	2016 Q1~Q3
Other Income	471	217	1066	774
			,
Other Gain (Loss)	294	42	384	408
Foreign Exchange Gain (Loss) (Realized and Unrealized)	291	(821)	(464)	(1,780)
Finance Cost	(361)	(189)	(803)	(383)
Share of the Profit or Loss of Associates and JV Accounted for Using the Equity Method	(3)	(15)	(27)	(22)
Total Non-Operating Income and Expense	692	(766)	156	(1,003)

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Consolidated Balance Sheets

	NT$ Million	2017/9/30	2016/12/31	2016/9/30
	Cash	19,574	25,973	19,483
	Current Available-for-Sale Financial Assets	10,646	2,694	2,541
	Accounts Receivable	86,091	71,270	67,756
	Inventories	47,550	31,935	35,198
	Other Financial Assets	13,307	2,602	6
	Other Current Assets	3,127	2,319	2,316
	Non-Current Assets	44,556	45,580	45,914
	Total Assets	224,851	182,373	173,214
	Current Liabilities	155,747	115,083	106,353
	Non-Current Liabilities	9,636	6,783	7,682
	Total Liabilities	165,383	121,866	114,035
	Total Equity	59,468	60,507	59,179

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Financial Ratio Anal sis
y
% 2017/6/30 2016/12/31 2016/6/30
Current Ratio 115.8% 118.9% 119.7%
Debt Ratio 73.6% 66.8% 65.8%
2017 2016
%
Q1~Q3 Q1~Q3
ROA 3.2% 2.8%
ROE 9.5% 7.3%
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Note1: ROA and ROE have been converted into yearly values.

Note2: ROA={[Year-to-3Q accumulated net income (loss)+Year-to-3Q accumulated interest expense×(1-Tax rate)]/Year-to-3Q accumulated average total assets}×(4/3)

Note3: ROE=(Year-to-3Q accumulated net income (loss)/Year-to-3Q accumulated net average shareholders' equity)×(4/3)

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http://www.inventec.com

iec@inventec.com

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THANK YOU!

Questions and Answers

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