KYEC — Interim / Quarterly Report 2015

May 12, 2015

The Testing Industry Benchmark

King Yuan Electronics Co., Ltd

2015 1Q/15 Financial Summary

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Safe Harbor Statement

Please note that all information is governed by the following Terms & Conditions.

The Content may contain forward-looking statements. These forward-looking statements are not historical facts and are based on expectations, estimates, and projections about our industry; our beliefs and assumptions; and our goals and objectives as of the date such forward-looking statements are first posted. Words such as "anticipates", "expects", "intends", "plans”, "believes", "seeks", and "estimates", and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are only predictions, are not guarantees of future performance, and are subject to risks, uncertainties, and other factors, some of which are beyond our control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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2015 1Q/15 Operating Results Summary

: (NT$M)	15	14	14
	1Q/15	4Q/14		1Q/14
(Net Sales)	4,073.5	4,228.0		3,529.6
(Net Income)	599.4	527.2		431.0
( ) (EPS $NT)	0.50	0.44		0.36
	6,550.5	7,418.2		8,630.5
(cash & cash Equivalents)
(Total Assets)	39,387.9	39,722.4		37,883.7
	23,490.5	22,958.9		22,183.8
(Shareholders’ equity)
(Depreciation)	1,222.9	1,193.6		1,057.4
(Capex)	1,940.8	1,663.1		1,720.7
	1,982.1	1,949.1		1,624.2
(EBITDA)

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- 2015 2014 1Q/15 Income Statement QoQ Comparison

: (NT$M)	1Q/15 %	4Q/14 %	QoQ %
(Net Sales) (COGS) (GM) (OP Exp.) (OP Income) (Non-OP Income & Exp.) (EBT) ( ) ((Tax)benefit) (Net Income)	4,073.5 100 (2,916.0) (72) 1,157.6 28 (526.6) (13) 630.9 15 85.1 3 716.0 18 (116.6) (3) 599.4 15	4,228.0 100 (3,028.4) (72) 1,199.6 28 (500.9) (12) 698.7 17 13.7 1 712.5 17 (185.2) (4) 527.2 12	(3.7) (3.7) (3.5) 5.1 (9.7) 519.8 0.5 (37.0) 13.7
( )(EPS NT$)	0.50 0.44 1,191,399 1,191,399
( )

Weighted Average outstanding shares(’k)

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- 2015 vs. 2014

1Q/15 Income Statement YoY Comparison

: (NT$M)	1Q/15 %	1Q/14 %	YoY %
(Net Sales) (COGS) (GP) (OP Exp.) (OP Income) (Non-OP Income & Exp.) (EBT) ( ) ((Tax)benefit) (Net Income)	4,073.5 100 (2,916.0) (72) 1,157.6 28 (526.6) (13) 630.9 15 85.1 3 716.0 18 (116.6) (3) 599.4 15	3,529.6 100 (2,567.7) (73) 961.8 27 (449.2) (13) 512.6 14 15.0 1 527.6 15 (96.6) (3) 431.0 12	15.4 13.6 20.4 17.2 23.1 465.5 35.7 20.7 39.1
( )(EPS NT$)	0.50 0.36 1,191,399 1,189,159
( )

( )(EPS NT$) ( ) Weighted Average outstanding shares(’K)

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- 2015 3 31 Balance Sheet Highlight – 2015 / 3 / 31

:	(NT$M)	2015		2014
		3 31	%	12 31	%
	(Cash & Cash Equivalents)	6,550.5	17	7,418.2	19
	(LT Investments)	1,810.3	5	1,786.5	5
	(Fixed Assets)	24,953.1	63	24,009.8	60
	(Total Assets)	39,387.9	100	39,722.4	100
	(LT debts)	9,266.0	23	10,889.0	27
	(LT debts payable	2,162.8	6	1,895.3	5
within	ayear)
	(Shareholders’ Equity)	23,490.5	60	22,958.9	58

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Sales Breakdown by Region

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Taiwan
Overseas Taiwan 50.2%
44.5% 55.5% Overseas
49.8%
1Q15 4Q14
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KYEC

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Sales Breakdown by Process

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Assy-A
Assy-A 6.0%
6.0%
Wafer Sort
Wafer Sort
Final Test 46.0% Final Test 46.4%
47.6%
48.0%
1Q15 4Q14
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KYEC

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Sales Breakdown by Product

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Assy-A Assy-A
Memory6.0% Memory6.0%
9.9% 12.3%
Logic
Logic
81.7%
84.1%
1Q15
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4Q14
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http://www.kyec.com.tw

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