INVENTEC — Interim / Quarterly Report 2018

Jun 29, 2018

Inventec Corporation and Subsidiaries 2018 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	2018 Q1	2017 Q4	QoQ %	2017 Q1	YoY %
	Sales Revenue	104,809 100.0%	132,677 100.0%	-21%	99,755 100.0%	5%
	Gross Profit	5,319 5.1%	6,692 5.0%	-21%	5,552 5.6%	-4%
	Operating Expense	3,894 3.7%	4,261 3.2%	-9%	3,930 4.0%	-1%
	Operating Profit	1,425 1.4%	2,431 1.8%	-41%	1,622 1.6%	-12%
	Non Operating Income and Expenses	297 0.2%	(1,699) -1.2% -117%		(993) -1.0% -130%
	Profit Before Income Tax	1,722 1.6%	732 0.6% 135%		629 0.6% 174%
	Profit for the Period	1,000 1.0%	46 0.0% 2074%		357 0.4% 180%
	Total Comprehensive Income	997 1.0%	(506) -0.4% -297%		(854) -0.9% -217%
	Profit Attributable to
	Owners of the Parent	1,271 1.2%	1,825 1.3%		678 0.7%
	Non-Controlling Interest	(271) -0.2%	(1,779) -1.3%		(321) -0.3%
	Total Comprehensive Income Attributable to
	Owners of the Parent	1,266 1.2%	1,273 0.9%		(528) -0.6%
	Non-Controlling Interest	(269) -0.2%	(1,779) -1.3%		(326) -0.3%
	EPS (NT$)	0.35	0.51		0.19

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Consolidated Sales Revenue

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

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1,327
1,400 1,240
3% 1,111 1,131 1,117 1,083
1,200 1,048 3%
20% 998 954
19% 3% 3% 2% 3%
2%
1,000 17% 3% 19% 16% 12%
16% 5%
18%
12%
800
600
77%
78%
82% 85%
82% 80% 78%
400 79% 83%
200
0
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
24.3 [25.7 ]
25 21.1 23.5 20.9 20 18.3 19.3 17.8
18.8 18.6
20
14.1
14.3 16.2 15 12.7 12.1 12.3
15
10
10 6.8
5
5
0
0
18Q1 17Q4 17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
18Q1 17Q4 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 3.0
5.5 5.4 [5.6 5.7 ]
5.3 [5.5 ]
5.1 5.0
5.0 2.5
2.1 2.1
1.9 1.9 [2.0 ]
4.0 2.0 1.8
1.7
1.6
1.4
3.0 1.5
2.0 1.0
1.0 0.5
0.0 0.0
18Q1 17Q4 17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1 18Q1 17Q4 17Q3 17Q2 17Q1 16Q4 16Q3 16Q2 16Q1
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Non-Operating Income and Expense

	NT$ Million	2018 Q1	2017 Q4	2017 Q1
	Other Income	364	427	280
	Other Gain (Loss)	322	(1,440)	142
	Foreign Exchange Gain (Loss) (Realized and Unrealized)	88	(109)	(1,208)
	Finance Cost	(467)	(566)	(192)
	Share of the Profit or Loss of Associates and JV Accounted for Using the Equity Method	(10)	(11)	(15)
	Total Non-Operating Income and Expense	297	(1,699)	(993)

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Consolidated Balance Sheets

	NT$ Million	2018/3/31	2017/12/31	2017/3/31
	Cash	29,746	26,949	21,090
	Current Available-for-Sale Financial Assets	0	9,224	3,225
	AccountsReceivable	62 317	78 598	74 207
		,	,	,
	Inventories	43,814	39,548	30,957
	Other Current Assets	19,496	14,006	4,842
	Non-Current Assets	39,923	40,443	46,119
	Total Assets	195,296	208,768	180,440
	Short-term borrowings	28,018	36,605	25,134
	Accountspayable	67 177	73 214	60 512
		,	,	,
	Other Current Liabilities	32,835	33,011	28,442
	Non-Current Liabilities	7,032	7,007	6,699
	Total Liabilities	135,062	149,837	120,787
	Total Equity	60,234	58,931	59,653

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Financial Ratio Anal sis
y
% 2018/3/31 2017/3/31
Current Ratio 121.4% 117.7%
Debt Ratio 69.2% 66.9%
2018 2017
%
Q1 Q1
ROA 2.7% 1.1%
ROE 6.7% 2.4%
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Note1: 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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http://www.inventec.com

iec@inventec.com

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THANK YOU!

Questions and Answers

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