INVENTEC — Interim / Quarterly Report 2021

Nov 26, 2021

Inventec Corporation and Subsidiaries 2021 Third Quarter Investor Conference

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Consolidated Statements of Comprehensive Income

NT$ Million	2021 Year-to-Q3	2020 Year-to-Q3	YoY %
Sales Revenue	371,731 100.0%	382,817 100.0%	-3%
Gross Profit	16,176 4.4%	16,081 4.2%	1%
Operating Expense	12,659 3.4%	12,269 3.2%	3%
Operating Profit	3,517 1.0%	3,812 1.0%	-8%
Non Operating Income and Expenses	2,631 0.7%	5,719 1.5%	-54%
Profit Before Income Tax	6,148 1.7%	9,531 2.5%	-35%
Profit for the Period	4,778 1.3%	6,198 1.6%	-23%
Total Comprehensive Income	3,423 0.9%	6,516 1.7%	-47%
Profit Attributable to
Owners of the Parent	5,078 1.4%	6,623 1.7%
Non-Controlling Interest	(300) -0.1%	(425) -0.1%
Total Comprehensive Income Attributable to
Owners of the Parent	3,729 1.0%	6,944 1.8%
Non-Controlling Interest	(306) -0.1%	(428) -0.1%
EPS (NT$)	1.42	1.85

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Consolidated Statements of Comprehensive Income

NT$ Million	2021 Q3	2021 Q2	QoQ %	2020 Q3	YoY %
Sales Revenue	145,079 100.0%	114,804 100.0%	26%	145,380 100.0%	0%
Gross Profit	5,907 4.1%	5,148 4.5%	15%	5,851 4.0%	1%
Operating Expense	4,402 3.1%	4,118 3.6%	7%	4,322 2.9%	2%
Operating Profit	1,505 1.0%	1,030 0.9%	46%	1,529 1.1%	-2%
Non Operating Income and Expenses	2,025 1.4%	182 0.2% 1,013%		765 0.5% 165%
Profit Before Income Tax	3,530 2.4%	1,212 1.1% 191%		2,294 1.6% 54%
Profit for the Period	2,690 1.8%	1,010 0.9% 166%		1,744 1.2% 54%
Total Comprehensive Income	2,227 1.5%	46 0.0% 4,741%		2,037 1.4% 9%
Profit Attributable to
Owners of the Parent	2,800 1.9%	1,133 1.0%		1,931 1.3%
Non-Controlling Interest	(110) -0.1%	(123) -0.1%		(187) -0.1%
Total Comprehensive Income Attributable to
Owners of the Parent	2,338 1.6%	171 0.1%		2,217 1.5%
Non-Controlling Interest	(111) -0.1%	(125) -0.1%		(180) -0.1%
EPS (NT$)	0.78	0.32		0.54

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Consolidated Sales Revenue

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

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1,800
1,488
1,600 1,451 1,454
1,400 1,255 6%
8%
6% 1,148
1,118
1,200
7%
887
1,000 6% 5%
800
14%
94%
94% 92%
600
93%
94% 95%
400
86%
200
0
21Q4 21Q3 21Q2 21Q1 20Q4 20Q3 20Q2 20Q1
Smart Device PC, Server Sales Revenue
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Financial Trend Analysis

Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million	Sales revenue NT$ one hundred million													Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)	Gross Profit Margin (%)
2,000									4.5				4.6																		4.7				5.0
1,800					4.1											4.0					4.0					4.1									4.5
1,600																																			4.0
0 200 400 600 800 1,000 1,200 1,400					94% 6%				94% 6%				95% 5%			93% 7%					92% 8%					94% 6%					86% 14%				0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5
		**21Q4 **			**21Q3 **				**21Q2 **				**21Q1 **			**20Q4 **					**20Q3 **					**20Q2 **					20Q1
Smart Device									PC,				Server								Gross Profut Margin (%)

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Financial Trend Analysis

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e
Operating incom Sales revenue
NT$ one hundred million
NT$ one hundred million
45 1,800
40 1,451 1,454 1,488 1,600
35 1,255 1,400
1,148
1,118
30 1,200
25 887 1,000
20.3
20 800
15.1 15.3
15 600
10.3 9.8
10 400
6.3
5 2.5 200
0 0
21Q3 21Q2 21Q1 20Q4 20Q3 20Q2 20Q1
Operating Income Sales Revenue
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Financial Trend Analysis

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e
Operating Expens
Operating Profit Margin(%)
NT$ one hundred million
80 2.0
1.4
70 1.5
1.0 1.1
0.9 0.9
60 1.0
0.5
50 0.3 0.5
44.0 44.0 43.2
41.2 41.4
40.0 39.4
40 0.0
30 (0.5)
20 (1.0)
10 (1.5)
0 (2.0)
21Q3 21Q2 21Q1 20Q4 20Q3 20Q2 20Q1
Operating Expense Operating Profit Margin
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Operating Profit Margin(%)

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Financial Trend Analysis

Non-operating income and expenses NT$ one hundred million

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Profit Attributable to Owners of the Parent
NT$ one hundred million NT$ one hundred million
49.1
45
50
40 20.2
7.6
35 1.8 4.2 1.9 0.4
30.3
0
30 28.0
25
19.3 (50)
20 16.6
15
11.3 11.4
9.3
10 (100)
5
0 (150)
21Q3 21Q2 21Q1 20Q4 20Q3 20Q2 20Q1
Profit Attributable to Owners of the Parent
Non-Operating Income and Expense
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Non-Operating Income and Expense

NT$ Million	2021 Q3	2020 Q3	2021 Year-to-Q3	2020 Year-to-Q3
Interest Income	249	272	821	857
Other Income	108	86	339	217
Foreign Exchange Gain (Loss) (Realized and Unrealized)	(69)	(43)	(670)	(684)
Other Gains and Losses	1,930	722	2,599	6,189
Finance Cost	(182)	(269)	(509)	(846)
Share of the Profit or Loss of Associates and JV Accounted for Using the Equity Method	(11)	(3)	51	(14)
Total Non-Operating Income and Expense	2,025	765	2,631	5,719

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Consolidated Balance Sheets

NT$ Million	2021/9/30	2020/12/31	2020/9/30
Cash	34,268	32,952	26,707
Current financial assets at fair value through profit or loss	1,345	782	2,516
Accounts Receivable	108,770	91,811	107,526
Inventories	68,935	41,416	46,678
Other Current Assets	5,071	6,509	6,960
Non-Current Assets	39,569	40,691	41,222
Total Assets	257,958	214,161	231,609
Short-term borrowings	49,067	31,891	40,634
Accounts payable	98,706	74,370	87,216
Other Current Liabilities	33,619	34,282	36,314
Non-Current Liabilities	21,889	15,727	9,460
Total Liabilities	203,281	156,270	173,624
Total Equity	54,677	57,891	57,985

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Financial Ratio Anal sis y

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% 2021/9/30 2020/9/30
Current Ratio 120.4% 116.0%
Debt Ratio 78.8% 75.0%
2021 2020
%
Year-to-Q3 Year-to-Q3
ROA 2.9% 4.3%
ROE 11.3% 14.4%
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Note1: ROA and ROE have been converted into yearly values.

Note2: ROA={[Year-to-Q3 accumulated net income (loss)+Year-to-Q3 accumulated interest expense×(1-Tax rate)]/Year-to-Q3 accumulated average total assets}×(4/3)

Note3: ROE=(Year-to-Q3 accumulated net income (loss)/Year-to-Q3 accumulated net average shareholders' equity)×(4/3)

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https://www.inventec.com iec@inventec.com

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THANK YOU!

Questions and Answers

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