KYEC — Interim / Quarterly Report 2012

Mar 11, 2013

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Your Best Test Partner

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The Testing Industry Benchmark

 IC Test Service

 Burn-In Service

• Backend Support

• Pre- Assembly

• Turnkey Operation

Oct-12

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KYEC
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Table of Contents

• Overview 公司概要

• KYEC Facilities 廠房分佈

• Available Services 服務項目

• Testing Platforms 測試平台

• KYEC E320 Test Solution

• Quarterly Revenue & Growth Rate 季營收暨季成長

• Quarterly GM 季毛利率

• 3Q/12 Operations Result Summary; 2012 年第三季營運結果摘要

• 3Q/12 Income Statement QoQ Comparison; 損益表 - 2012 年第三季 vs.2012 年第二季 1Q/12

• 3Q/12 Income Statement YoY Comparison; 損益表 - 2012 年第三季 vs.2011 年第三季 2Q/11

• Balance Sheet Highlight - Sep./12 vs. Jun./12 ; 簡要資產負債表 – 2012 年 9 月 30 日

• Sales Breakdown by Geography 國內外營收比例

• Sales Breakdown by Process 製程營收比例

• Sales Breakdown by Product 產品營收比例

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 Company Founded

 Paid-In Capital

• Factories

• Sales Offices

• Total Floor Space

• Total Clean Room Space

 Employees Numbers

• IPO Listed in TSE

Overview 公司概要

May 1, 1987

NT$ 11.98 Billion (Apr. 2. 2012)

Hsin-Chu (HQ) / Chu-Nan (Factories)

U.S.A / Japan / Singapore (S.E.A.&EU)

3,350,000 Square ft (Dec. 31,2010)

2,000,000 Square ft (Dec. 31,2010)

4,000

May 9, 2001

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KYEC Facilities 廠房分佈

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Fab 4
Fab 3
Fab 2 Fab 1
Hsin-Chu Headquarters  Chu-Nan Plants
Hsin-Chu Chu-Nan Chu-Nan Chu-Nan Chu-Nan
Headquarters Fab 1 Fab 2 Fab 3 Fab 4
Total Floor Space (Square ft) 300,000 1,100,000 550,000 700,000 700,000
Clean Space (ft) 100,000 450,000 250,000 650,000 550,000
Room
Cleanness Class 10 /100/1000/10K
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 Hsin-Chu Headquarters  Chu-Nan Plants

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Available Services 服務項目

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Laser Repair
Front -End Manufacturing
IC Design/
IDM Wafer Foundry
Die Wafer
CP
Bank Grinding
IDM
Gold / Solder
Bump
WL
WLBI
Cycling
Dicing
Backend
-Marking/ LS Cycling Burn-In
-Tape& Reel
Customer -Dry Pack
Assembly
FT partnership
Drop Ship
Module Test
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Testing Platforms 測試平台

Product Vendor	Memory	Logic / Mixed-Signal	CIS/CCD	LCD Driver	RF / Wireless	SOC
Advantest	T5581H / 85 / 88 T5371 / 77S T5382A / T5771 T5335 / 36 / 65	T6672 / T6673 T6682 / T6683 T6575 / T6577		T6331 T6371 T6372		T2000
Agilent (Verigy)	V1000 / 1200 V2000 / V3000 V4400	HP93K / 94K / 83K	93KIP/94KIP 93KIP/PS			93K/PS
LTX- Credence	Kalos / XW Kalos II / HEX Pkalos / Pkalos II	Duo/Quartet SC312 / 212, ITS9KEXA/CV ITS3KEXA/ ASL1K/ASL3K-MS Sapphire/D10			ASL3K-RF Fusion-CX Fusion-MX	Sapphire/ D10/ Fusion-MX
Teradyne	J995	Catalyst/J750 iFlex/Ultra Flex	IP750 IP750EMP		Flex-RF Catalyst-RF	Catalyst, J750 iFlex Ultra Flex
Yokogawa				TS6700 / 670 ST6730
KYEC		E320/BD	I1000/ I2000
Nextest	M1/ M2

Total Testers Over 2350 Sets And Continuously Growing

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KYEC E320 Test Solution

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• A cost effective, high throughput logical test solution

• Open architecture, easy to expand and maintain

• 200MHz architecture (since 2H11)

• Cost efficiency/ Multi site test

• Easy to test program development

• Small foot print: L820 x W660 x H400

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E320 Product Segments

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RF Phase 2
Power
Phase 1 RF SOC
BR DVD
Digital TV
Baseband Cellular Baseband
MP3 Codec
Voice IC DVD
CIS
LCD Driver DVD
Consumer DTV USB/Sata
MCU
SD Controller Speed
100MHz 200MHz
Phase 1 Phase 2
Oct-12 KYEC
Analog
Mixed Signal
Digital
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Quarterly Revenue & Growth Rate 季營收暨季成長

Sales(NT$M)

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4,000 3,700 [3,793] 3,794
3,791
3,503 [3,6283,585] 3,552
3,500 3,388 3,1623,258 [3,281] 3,398 3,141 3,126 3,3523,341 3,312 2,976 2,940 3,129
3,000 2,647 2,929 2,745 2,947 2,784 2,826 2,728
2,655
2,500 2,278 2,319 2,267 2,319
2,044
2,000 1,797 1,936
1,522
1,500 1 ,423 1,390
1,000
500
0
1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12
數列 [2] 1,423 1,522 1,797 2,044 2,278 2,647 2,929 2,319 1,936 2,267 2,745 3,388 3,162 3,258 3,281 3,398 2,947 3,141 3,700 3,793 3,503 3,628 3,585 2,319 1,390 2,655 3,126 3,352 3,341 3,791 3,794 3,312 2,976 2,784 2,940 2,826 2,728 3,129 3,552
數列 [1] -5.6% 7.0% 18.1%13.7%11.4% 16.2%10.7% -20.8 -16.5 17.1%21.1% 23.4%-6.7% 3.0% 0.7% 3.6% -13.3 6.6% 17.8% 2.5% -7.6% 3.6% -1.2% -35.3 -40.1 91.0% 17.8% 7.2% -0.3% 13.5% 0.1% -12.7 -10.1 -6.5% 5.6% -3.9% -3.5% 14.70 13.60
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Quarterly GM 季毛利率

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60% GM
40%
30.5% 32.3% 28.6% 29.5% 30.0% 30.9% 24.9% 24.8% 24.0% 26.0% 28.5% 25.4% 27.9% 31.3%
20% 19.2% 19.4% 20.0% 22.4% 20.1% 21.0% 16.6% 19.6% 16.6% 19.2%
8.0%
0%
1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12
-5.0%
-20%
-40%
-57.6%
-60%
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2012 年第三季營運結果摘要 3Q/12 Operating Results Summary

單位:新台幣百萬元(NT$M)	12年第三季	12年第二季	11年第三季
項目	3Q/12	2Q/12	3Q/11
營業收入淨額(Net Sales)	3,552.9	3,128.9	2,939.7
本期淨利(Net Income)	598.8	402.0	121.4
每股盈餘(元) (EPS $NT)	0.50	0.34	0.10
現金及約當現金	5,315.9	6,268.7	5,298.3
(cash & cash Equivalents)
總資產(Total Assets)	34,891.5	34,592.9	35,681.1
股東權益	20,832.2	20,149.4	21,183.3
(Shareholders’ equity)
折舊費用(Depreciation)	1,100.1	1,148.2	1,208.9
資本支出(Capex)	1,369.7	1,173.6	880.7
未計利息稅額折舊及攤銷前利益	1,878.1	1,711.0	1,430.4
(EBITDA)

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- 損益表 2012年第三季vs. 2012年第二季 3Q/12 Income Statement QoQ Comparison

單位:新台幣百萬元(NT$M) 項目		3Q/12	3Q/12	3Q/12	%		2Q/12	2Q/12	2Q/12	%	QoQ %
營業收入淨額(Net Sales) 銷貨成本(COGS) 營業毛利淨額(GP) 營業費用(OP Exp.) 營業淨利(OP Income) 營業外收入(Non-OP Income) 營業外支出(Non-OP Exp.) 稅前淨利(EBT) 所得稅(費用)利益((Tax)benefit) 本期淨利(Net Income)		3,552.9 (2,439.8) 1,113.1 (344.1) 769.0 82.1 (122.3) 728.8 (130.0) 598.8			100.0 (68.7) 31.3 (9.7) 21.6 2.3 (3.4) 20.5 (3.7) 16.9		3,128.9 (2,257.3) 871.5 (363.5) 508.1 84.5 (85.6) 507.0 (105.0) 402.0			100.0 (72.1 ) 27.9 (11.6) 16.2 2.7 (2.7) 16.2 (3.4 ) 12.8	13.6% 8.1% 27.7% (5.3)% 51.4% (2.8)% 43.0% 43.7% 23.8% 49.0%
普通股每股盈餘(元)(EPS NT$) 加權平均流通在外股數(仟股) Weighted Average outstanding shares(’k)				0.50 1,186,047					0.34 1,191,378

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損益表 - 2012 年三季 vs. 2011 年第三季 3Q/12 Income Statement YoY Comparison

單位:新台幣百萬元(NT$M) 項目		3Q/12	3Q/12	3Q/12	%		3Q/11	3Q/11	3Q/11	%	%	YoY %
營業收入淨額(Net Sales) 銷貨成本(COGS) 營業毛利淨額(GP) 營業費用(OP Exp.) 營業淨利(OP Income) 營業外收入(Non-OP Income) 營業外支出(Non-OP Exp.) 稅前淨利(EBT) 所得稅(費用)利益((Tax)benefit) 本期淨利(Net Income)		3,552.9 (2,439.8) 1,113.1 (344.1) 769.0 82.1 (122.3) 728.8 (130.0) 598.8			100.0 (68.7) 31.3 (9.7) 21.6 2.3 (3.4) 20.5 (3.7) 16.9		2,939.7 (2,362.6) 577.1 (323.2) 254.0 70.4 (147.4) 176.9 (55.5) 121.4			100.0 (80.4) 19.6 (11.0) 8.6 2.4 (5.0) 6.0 (1.9) 4.1		20.9% 3.3% 92.9% 6.5% 202.8% 16.8% (17.0%) 312.0% 134.1% 393.3%
普通股每股盈餘(元)(EPS NT$) 加權平均流通在外股數(仟股) Weighted Average outstanding shares(’K)				0.50 1,186,047					0.10 1,265,816

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簡要資產負債表 - 2012 年 9 月 30 日 Balance Sheet Highlight - Sep. 12 vs. Jun. 12

單位:新台幣百萬元(NT$M)	Sep. 12		Jun. 12
項目		%		%
現金及約當現金(Cash & Cash Equivalents)	5,315.9	15.24	6,268.7	18.2
長期投資(LT Investments)	5,503.5	15.77	5,429.6	15.7
固定資產(Fixed Assets)	16,757.9	48.03	16,398.6	47.4
總資產(Total Assets)	34,891.5	100	34,592.9	100.0
長期借款(LT debts)	9,229.1	26.45	9,910.2	28.65
一年到期之長期借款(LT debts payable within ayear)	1,013.8	2.91	-	-
股東權益(Shareholders’ Equity)	20,832.2	59.71	20,149.4	58.25

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Sales Breakdown by Geography

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Overseas
Overseas
Taiwan 43.6% Taiwan
44.2%
55.8%
56.4%
3Q12 2Q12
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Sales Breakdown by Process

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Assy-A
Assy-A
7.3% 8.3%
Wafe Sort Wafe Sort
Final Test
Final Test 43.3%
46.1%
46.6% 48.3%
2Q12
3Q12
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Sales Breakdown by Product

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Assy-A Assy-A
7.3% 8.3%
Memory Memory
10.8% 12.5%
Logic
Logic
79.1%
81.9%
3Q12 2Q12
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JUST KYEC

The Testing Industry Benchmark

• Headquarters ： No.81,Sec.2,Gongdaowu Rd.,Hsin-Chu 300,Taiwan,R.O.C. • Chu-Nan Factory ： No.118,Chung -Hua Rd.,Chu-Nan,Miao-Li 350,Taiwan,R.O.C. • USA sales Office ： 1735 Technology Dr.#270,San Jose,CA95110 •Japan sales Office ： 3-8-33 Momochihama, Sawara-ku, Fukuoka 814-0001 Japan •EU / S.E.A. sales Office ： 583 Orchard Road, #16-01/ 17-01 Forum, Singapore 238 884

• Headquarters ：

• Chu-Nan Factory ：

TEL:886-3-5751888 FAX:886-3-5753866 TEL:886-37-595666 FAX:886-37-595168 TEL:408 -452 -7680 FAX:408- 452-7689 TEL:81-80-5083-2373 FAX:81-92-821-6955 TEL:65-6737-6981 FAX:65-6737-6810

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