LTC — Interim / Quarterly Report 2019

Aug 20, 2019

2Q19 Earnings Conference 2006 IR Strategy

2019/07/31

Safe Harbor Notice

• LITE-ON Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements.

• The numbers of the presentation are prepared under IFRS.

2Q19 Results

In NT Millions	2Q19	QoQ YoY 1Q19 2Q18
	Amount %	Amount % % Amount % %
Net Sales	44,468 100.0	41,173 100.0 8 54,709 100.0 -19
COGS	37,469 84.3	35,767 86.9 5 48,196 88.1 -22
Gross Profit	7,000 15.7	5,406 13.1 29 6,513 11.9 7
Operating Expense	4,627 10.4	4,252 10.3 9 5,003 9.1 -8
Operating Profit	2,373 5.3	1,155 2.8 105 1,510 2.8 57
Other Income/ Expense	764 1.7	782 1.9 -2 849 1.6 -10
Profit Before Tax	3,137 7.1	1,937 4.7 62 2,359 4.3 33
Income Tax Expense	754 1.7	465 1.1 62 637 1.2 18
Non-Controlling Interest	-12 0.0	7 0.0 -262 -34 -0.1 -65
Profit Attributable to Parent	2,394 5.4	1,465 3.6 63 1,755 3.2 36
After Tax EPS Shares (mm shares)	1.03 2,324	0.63 0.76 2,324 2,324

1H19 Results

9 Results
In NT Millions	1H19	YoY 1H18
	Amount %	Amount % %
Net Sales	85,641 100.0	103,243 100.0 -17
COGS	73,235 85.5	91,327 88.5 -20
Gross Profit	12,406 14.5	11,915 11.5 4
Operating Expense	8,879 10.4	9,618 9.3 -8
Operating Profit	3,527 4.1	2,297 2.2 54
Other Income/ Expense	1,546 1.8	1,500 1.5 3
Profit Before Tax	5,074 5.9	3,797 3.7 34
Income Tax Expense	1,219 1.4	1,029 1.0 18
Non-Controlling Interest	-5 0.0	-29 0.0 -85
Profit Attributable to Parent	3,859 4.5	2,797 2.7 38
After Tax EPS Shares (mm shares)	1.66 2,324	1.20 2,324

Other Incomes/ Other Expenses

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In NT$ Millions 2Q19 1H19
Net Interest 300 549
242 468
FX
Others 222 529
Total OIOE 764 1,546
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Revenue Contribution by Segment

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2Q19 1Q19
Others Others
5% 5%
Opto- Opto-
Storage electronics electronics
Storage
13%
16% 16%
14%
Information Information
Technologies Technologies
66% 65%
LED Components & Lighting Products, Camera Modules and
Opto-electronics
Automotive Electronics
Products used in Server, Networking Devices, NB, Tablets, DT and
Information Technologies
Multifunction Peripheral
Storage Optical Disk Drives and Solid State Drives.
Others Other products not yet reaching quantitative thresholds
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Revenue by Segment

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In NT Millions
Revenue By Segment 2Q19 1Q19 QoQ
Opto-electronics 7,078 6,556 8%
Information Technologies 29,454 26,645 11%
Storage 5,810 5,782 0%
Others 2,126 2,189 -3%
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Operating Profit by Segment

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In NT Millions
OP by Segment 2Q19 1Q19 QoQ
Opto-electronics 389 130 198%
Information Technologies 2,024 1,510 34%
-
Storage 500 14
Others (163) (167) 2%
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Balance Sheet

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In NT millions 2Q19 1Q19 2Q18
Amount % Amount % Amount %
Cash & Equivalent 65,796 35% 62,441 34% 57,603 28%
Accounts Receivable 41,068 22% 35,550 20% 58,955 29%
Inventories 25,415 13% 26,552 15% 29,620 15%
Current Assets 148,175 78% 141,238 77% 162,659 80%
Total Assets 190,204 100% 182,309 100% 202,715 100%
Short Term Debt 28,997 15% 24,758 14% 30,609 15%
Accounts Payable 40,853 21% 41,527 23% 60,143 30%
Current Liabilities 114,977 60% 102,128 56% 130,754 65%
Long Term Debt 0 0% 0 0% 0 0%
Total Liabilities 117,591 62% 104,848 58% 132,541 65%
Equities 72,613 38% 77,461 42% 70,173 35%
Key Indices
Current Ratio (x) 1.29 1.38 1.24
Quick Ratio (x) 1.07 1.13 1.02
Net Cash (NT Millions) 36,799 37,682 26,989
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Thank You!