INVENTEC — Interim / Quarterly Report 2018

Aug 24, 2018

Inventec Corporation and Subsidiaries 2018 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	2018 H1	2017 H1	YoY %
	Sales Revenue	231,709 100.0%	210,875 100.0%	10%
	Gross Profit	11,676 5.0%	11,561 5.5%	1%
	Operating Expense	8,031 3.4%	7,832 3.7%	3%
	Operating Profit	3,645 1.6%	3,729 1.8%	-2%
	Non Operating Income and Expenses	978 0.4%	(536) -0.3% -282%
	Profit Before Income Tax	4,623 2.0%	3,193 1.5% 45%
	Profit for the Period	3,000 1.3%	2,083 1.0% 44%
	Total Comprehensive Income	3,054 1.3%	1,517 0.7% 101%
	Profit Attributable to
	Owners of the Parent	3,508 1.5%	2,604 1.2%
	Non-Controlling Interest	(508) -0.2%	(521) -0.2%
	Total Comprehensive Income Attributable to
	Owners of the Parent	3,562 1.5%	2,037 0.9%
	Non-Controlling Interest	(508) -0.2%	(520) -0.2%
	EPS (NT$)	0.98	0.73

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Consolidated Statements of Comprehensive Income

	NT$ Million	2018 Q2	2018 Q1	QoQ %	2017 Q2	YoY %
	Sales Revenue	126,900 100.0%	104,809 100.0%	21%	111,120 100.0%	14%
	Gross Profit	6,356 5.0%	5,319 5.1%	19%	6,009 5.4%	6%
	Operating Expense	4,136 3.3%	3,894 3.7%	6%	3,902 3.5%	6%
	Operating Profit	2,220 1.7%	1,425 1.4%	56%	2,107 1.9%	5%
	Non Operating Income and Expenses	681 0.6%	297 0.2% 129%		457 0.4%	49%
	Profit Before Income Tax	2,901 2.3%	1,722 1.6% 68%		2,564 2.3%	13%
	Profit for the Period	2,000 1.6%	1,000 1.0% 100%		1,725 1.6%	16%
	Total Comprehensive Income	2,058 1.6%	997 1.0% 106%		2,371 2.1%	-13%
	Profit Attributable to
	Owners of the Parent	2,237 1.8%	1,271 1.2%		1,925 1.8%
	Non-Controlling Interest	(237) -0.2%	(271) -0.2%		(200) -0.2%
	Total Comprehensive Income Attributable to
	Owners of the Parent	2,296 1.8%	1,266 1.2%		2,565 2.3%
	Non-Controlling Interest	(238) -0.2%	(269) -0.2%		(194) -0.2%
	EPS (NT$)	0.62	0.35		0.54

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Consolidated Sales Revenue

(Consolidated Sales Revenue) Unit: NT$ one hundred million

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1,327
1,269
1,400 1,240
3% 1,111 1,131 1,117 1,083
2%
1,200 1,048 3%
14% 20% 998
19% 3% 3% 2% 3% 954
2%
1,000 17% 3% 19% 15% 12%
16% 5%
18%
12%
800
600
84% 77%
78%
83% 85%
82% 80% 78%
400 79% 83%
200
0
18Q2 18Q1 17Q4 17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
Solar Related Smart Device PC, Server Sales Revenue
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Financial Trend Analysis

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ratin Profit Profit Attributable to Owners of the Parent
Ope g
Unit: NT$ one hundred million
Unit: NT$ one hundred million
30 25 23.3
22.4
25.7
24.3
19.3
25 22.2 20 18.3
21.1
20
16.2 15 12.7
14.3
15
10
6.8
10
5
5
0
0
18Q2 18Q1 17Q4 17Q3 17Q2 17Q1
18Q2 18Q1 17Q4 17Q3 17Q2 17Q1
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Financial Trend Analysis

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Gross Profit Margin Operating Profit Margin
% %
7.0 3.5
6.0 5.5 5.4 5.6 3.0
5.0 5.1 5.0
5.0 2.5
2.1
1.9
1.8
4.0 2.0 1.7
1.6
1.4
3.0 1.5
2.0 1.0
1.0 0.5
0 0. 0 0.
18Q2 18Q1 17Q4 17Q3 17Q2 17Q1 18Q2 18Q1 17Q4 17Q3 17Q2 17Q1
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Non-Operating Income and Expense

	NT$ Million	2018 Q2	2017 Q2	2018 H1	2017 H1
	Other Income	320	315	684	595
	Other Gain (Loss)	554	(53)	876	89
	Foreign Exchange Gain (Loss) (Realized and Unrealized)	237	454	325	(754)
	Finance Cost	(425)	(250)	(892)	(442)
	Share of the Profit or Loss of Associates and JV Accounted for Using the Equity Method	(5)	(9)	(15)	(24)
	Total Non-Operating Income and Expense	681	457	978	(536)

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Consolidated Balance Sheets

	NT$ Million	2018/6/30	2017/12/31	2017/6/30
	Cash	24,011	26,949	20,698
	Current financial assets at fair value through profit or loss	8,033	125	76
	Current available-for-sale financial assets, net	0	9,224	4,641
	Accounts Receivable	89,873	78,598	84,012
	Inventories	50,054	39,548	35,701
	Other Current Assets	8,558	13,881	14,646
	Non-Current Assets	38,713	40,443	45,012
	Total Assets	219,242	208,768	204,786
	Short-term borrowings	33,323	36,605	36,057
	A t bl ccoun s paya e	76 928 ,	73 214 ,	68 992 ,
	Other Current Liabilities	39,672	33,011	36,165
	Non-Current Liabilities	12,947	7,007	6,750
	Total Liabilities	162,870	149,837	147,964
	Total Equity	56,372	58,931	56,822

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Financial Ratio Analysis

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% 2018/6/30 2017/6/30
Current Ratio 120.4% 113.1%
Debt Ratio 74.3% 72.3%
2018 2017
%
H1 H1
ROA 3.5% 2.5%
ROE 10 4%. 7 1%.
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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× (1-Tax 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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