INVENTEC — Interim / Quarterly Report 2017

May 15, 2017

Inventec Corporation and Subsidiaries 2017 First 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	2016 Q4	QoQ %	2016 Q1	YoY %
	Sales Revenue	99,755 100.0%	113,118 100.0%	-12%	95,364 100.0%	5%
	Gross Profit	5,552 5.6%	6,420 5.7%	-14%	5,645 5.9%	-2%
	Operating Expense	3,930 3.9%	4,067 3.6%	-3%	3,780 4.0%	4%
	Operating Profit	1,622 1.6%	2,353 2.1%	-31%	1,865 2.0%	-13%
	Non Operating Income and Expenses	(993) -1.0%	(91) -0.1%	991%	19 0.0% -5326%
	Profit Before Income Tax	629 0.6%	2,262 2.0%	-72%	1,884 2.0% -67%
	Profit for the Period	357 0.4%	1,626 1.4%	-78%	1,365 1.4% -74%
	Total Comprehensive Income	(854) -0.9%	1,328 1.2% -164%		1,024 1.1% -183%
	Profit Attributable to
	Owners of the Parent	678 0.7%	1,778 1.5%		1,231 1.3%
	Non-ControllingInterest	(321) -0.3%	(152) -0.1%		134 0.1%
	Total Comprehensive Income Attributable to
	Owners of the Parent	(528) -0.6%	1,483 1.3%		891 1.0%
	Non-Controlling Interest	(326) -0.3%	(155) -0.1%		133 0.1%
	EPS (NT$)	0.19	0.49		0.34

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Consolidated Sales Revenue

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Solar Related Handheld Device PC, Server
100%
3.0% 2.7% 2.3% 3.4% 4.5%
90% 15.4% 11.8% 12.4%
18.0% 19.2%
80%
70%
60%
50%
82.3% 84.8% 83.1%
40% 79.0% 78.1%
30%
20%
10%
0%
17Q1 16Q4 16Q3 16Q2 16Q1
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Financial Trend Analysis

Sales Revenue

ratin Profit Ope g

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Unit: NT$ one unh dred million
Unit: NT$ one hundred million
35
1,200 1,131 1,117 1,083
998
954 30
1,000
23.5
25
800 20.9
18.8 18.6
20 16.2
600
15
400
10
200
5
0
0
17Q1 16Q4 16Q3 16Q2 16Q1
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
5.3
5.0 2.5
2.1
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.
17Q1 16Q4 16Q3 16Q2 16Q1 17Q1 16Q4 16Q3 16Q2 16Q1
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Non-Operating Income and Expense

	NT$ Million	2017 Q1	2016 Q4	2016 Q1
	Other Income	280	164	329
	Other Gain (Loss)	142	111	62
	Foreign Exchange Gain (Loss) (Realized and Unrealized)	(1,208)	(147)	(313)
	Finance Cost	(192)	(215)	(63)
	Share of the Profit or Loss of Associates
	and JV Accounted for Using the Equity Method	(15)	(4)	4
	Total Non-Operating Income and Expense	(993)	(91)	19

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Consolidated Balance Sheets

NT$ Million	2017/3/31	2016/12/31	2016/3/31
Cash	21,090	25,973	24,596
Accounts Receivable	74,207	71,270	55,966
Inventories	30,957	31,935	35,069
Other Current Assets	8,067	7,615	5,310
Non-Current Assets	46,119	45,580	46,813
Total Assets	180,440	182,373	167,754
Current Liabilities	114088	115083	95909
	,	,	,
Non-Current Liabilities	6,699	6,783	8,083
Total Liabilities	120,787	121,866	103,992
Total Equity	59,653	60,507	63,762

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Financial Ratio Anal sis y

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% 2017/3/31 2016/12/31 2016/3/31
Current Ratio 117.7% 118.9% 126.1%
Quick Ratio 90.4% 91.0% 88.9%
Debt Ratio 66.9% 66.8% 62.0%
2017 2016 2016
%
Q1 Q4 Q1
ROA 1.12% 4.08% 3.32%
ROE 2.36% 10.88% 8.64%
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Note1: Quarterly ROA and ROE have been converted into yearly values.

Note2: ROA={[Quarterly net income (loss)+Quarterly interest expense×(1-Tax rate)]/Quarterly average total assets}×4 Note3: ROE=(Quarterly net income (loss)/Quarterly net average shareholders' equity)×4

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Shareholders' Meeting and Earning Distribution

◎ 2017/03/28 Board of Directors approves 2017 Annual Shareholders' Meeting Date of the shareholders' meeting : at 9:00 a.m., Friday, June 16, 2017 Location for convening the shareholders‘ meeting : No.16, Sec. 4, Jhongshan N. Rd., Shilin District, Taipei City (Chientan Youth Activity Center’s Chin-Kao Memorial Hall)

• 2017/04/25 Board of Directors proposes Year 2016 Earnings Distribution Cash Dividend : NT$1.45 per share

	NT$ EPS Cash Dividend Stock Dividend Dividend Payout Ratio	2016 2015 2014 1.57 1.55 1.98 1.45 1.40 1.75 - - - 92% 90% 88%

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http://www.inventec.com

iec@inventec.com

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THANK YOU!

Questions and Answers

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