INVENTEC — Interim / Quarterly Report 2017

Aug 14, 2017

Inventec Corporation and Subsidiaries 2017 Second 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 H1	2016 H1	YoY %
	Sales Revenue	210,875 100.0%	203,695 100.0%	4%
	Gross Profit	11,561 5.5%	11,646 5.7%	-1%
	Operating Expense	7,832 3.7%	7,696 3.8%	2%
	Operating Profit	3,729 1.8%	3,950 1.9%	-6%
	Non Operating Income and Expenses	(536) -0.3%	(237) -0.1%	126%
	Profit Before Income Tax	3,193 1.5%	3,713 1.8%	-14%
	Profit for the Period	2,083 1.0%	2,669 1.3%	-22%
	Total Comprehensive Income	1,517 0.7%	1,624 0.8%	-7%
	Profit Attributable to
	Owners of the Parent	2,604 1.2%	2,646 1.3%
	Non-Controlling Interest	(521) -0.2%	23 0.0%
	Total Comprehensive Income Attributable to
	Owners of the Parent	2,037 0.9%	1,606 0.8%
	Non-Controlling Interest	(520) -0.2%	18 0.0%
	EPS (NT$)	0.73	0.74

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Consolidated Statements of Comprehensive Income

	NT$ Million	2017 Q2	2017 Q1	QoQ %	2016 Q2	YoY %
	Sales Revenue	111,120 100.0%	99,755 100.0%	11%	108,331 100.0%	3%
	Gross Profit	6,009 5.4%	5,552 5.6%	8%	6,001 5.5%	0%
	Operating Expense	3,902 3.5%	3,930 3.9%	-1%	3,916 3.6%	0%
	Operating Profit	2,107 1.9%	1,622 1.6%	30%	2,085 1.9%	1%
	Non Operating Income and Expenses	457 0.4%	(993) -1.0%	-146%	(256) -0.2%	-279%
	Profit Before Income Tax	2,564 2.3%	629 0.6%	308%	1,829 1.7%	40%
	Profit for the Period	1,725 1.6%	357 0.4%	383%	1,304 1.2%	32%
	Total Comprehensive Income	2,371 2.1%	(854) -0.9%	-378%	600 0.6%	295%
	Profit Attributable to
	Owners of the Parent	1,925 1.8%	678 0.7%		1,414 1.3%
	Non-Controlling Interest	(200) -0.2%	(321) -0.3%		(110) -0.1%
	Total Comprehensive Income Attributable to
	Owners of the Parent	2,565 2.3%	(528) -0.6%		715 0.7%
	Non-Controlling Interest	(194) -0.2%	(326) -0.3%		(115) -0.1%
	EPS (NT$)	0.54	0.19		0.40

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Consolidated Sales Revenue

Solar Related Handheld Device

PC, Server

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100%
3.4% 3.0% 2.7% 2.3% 3.4% 4.5%
90% 16.8% 18.0% 19.2% 15.4% 11 8%. 12.4%
80%
70%
60%
50%
82.3% 84.8% 83.1%
40% 79.8% 79.0% 78.1%
30%
20%
10%
0%
17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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Financial Trend Analysis

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Sales Revenue O eratin Profit
p g
Unit: NT$ one hundred million
Unit: NT$ one hundred million
35
1,200 1,111 1,131 1,117
1,083
998
954 30
1,000
23.5
25
800 21.1 20.9
18.8 18.6
20
16.2
600
15
400
10
200
5
0
0
17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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 5.6 5.7 5.5 3.0
5.4
5.3
5.0 2.5
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.
17Q2 17Q1 16Q4 16Q3 16Q2 16Q1 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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Non-Operating Income and Expense

	NT$ Million	2017 Q2	2016 Q2	2017 H1	2016 H1
	Other Income	315	228	595	558
	Other Gain (Loss)	(53)	304	89	365
	Foreign Exchange Gain (Loss) (Realized and Unrealized)	454	(646)	(754)	(958)
	Finance Cost	(250)	(131)	(442)	(195)
	Share of the Profit or Loss of Associates
	and JV Accounted for Using the Equity Method	(9)	(11)	(24)	(7)
	Total Non-Operating Income and Expense	457	(256)	(536)	(237)

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Consolidated Balance Sheets

	NT$ Million	2017/6/30	2016/12/31	2016/6/30
	Cash	20,698	25,973	27,576
	Accounts Receivable	84,012	71,270	59,343
	Inventories	35,701	31,935	34,338
	Other Current Assets	19,363	7,615	4,682
	Non-Current Assets	45,012	45,580	46,040
	Total Assets	204,786	182,373	171,979
	Current Liabilities	141,214	115,083	105,112
	Non-Current Liabilities	6,750	6,783	7,392
	Total Liabilities	147,964	121,866	112,504
	Total Equity	56,822	60,507	59,475

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Financial Ratio Analysis

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% 2017/6/30 2016/12/31 2016/6/30
Current Ratio 113.1% 118.9% 119.8%
Debt Ratio 72.3% 66.8% 65.4%
2017 2016
%
H1 H1
ROA 2.5% 3.3%
ROE 7.1% 8.7%
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Note1: ROA and ROE have been converted into yearly values. Note2: ROA={[semi-annual net income (loss)+semi-annual interest expense×(1Tax rate)]/semi-annual average total assets}×2 Note3: ROE=(semi-annual net income (loss)/semi-annual net average shareholders' equity)×2

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http://www.inventec.com

iec@inventec.com

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THANK YOU!

Questions and Answers

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