MERRY — Interim / Quarterly Report 2016

Feb 14, 2017

Merry Electronics

2016 Fourth Quarter Earnings Conference

日期 : February 14, 2017

Page 0 201608V1.0

Safe Harbor Notice

Except for historical information contained herein, the matters set forth in this presentation are forward looking statements subject to significant risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing strategies, whether the design is accepted by our customers timely, the prompt introduction of new technologies, the capability for mass production of new products, the risk of excess capacity, the availability of production capacity, the financial stability in terminal markets or other risks, and so on.

Page 1

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

2016 Fourth Quarter Financial settlement (Unaudited)

Page 2

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Revenue

==> picture [652 x 410] intentionally omitted <==

----- Start of picture text -----

YoY
( NT$ million)
68.13%
QoQ
22.46%
7,000
6,041
6,000
4,933
5,000
4,000
3,593
3,000
2,000
1,000
-
4Q2015 3Q2016 4Q2016
----- End of picture text -----

Page 3

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

(%)

Proportion of the products revenue

==> picture [741 x 418] intentionally omitted <==

----- Start of picture text -----

Speaker
Entertainment QoQ
35% 72.56%
80% 75% 29%
QoQ 30%
68%
70% 11.66% 25%
57% 25%
60%
YoY YoY
50% 20% 17%
102.57% 42.66%
40% 15%
30%
10%
20%
5%
10%
0%
0%
4Q2015 3Q2016 4Q2016
4Q2015 3Q2016 4Q2016
Handsfree QoQ
Battery 23.99%
6%
9% YoY
5% QoQ 8%
8% 6.70%
5% YoY -19.32%
7%
-52.86%
4%
6%
5% 5%
5%
3%
2% 4%
2% 3%
1%
2%
1%
1%
0% 0%
4Q2015 3Q2016 4Q2016 4Q2015 3Q2016 4Q2016
----- End of picture text -----

Page 4

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Proportion of the products revenue[(%) ]

Entertainment

==> picture [358 x 164] intentionally omitted <==

----- Start of picture text -----

80% 75%
68%
QoQ
70%
57% 11.66%
60%
50% YoY
40% 102.57%
30%
20%
10%
0%
4Q2015 3Q2016 4Q2016
----- End of picture text -----

Wired/Entertainment

Wireless/Entertainment

==> picture [727 x 174] intentionally omitted <==

----- Start of picture text -----

80%
QoQ 71% 70%
50% 47%
15.34% 70% QoQ
45%
10.15%
40% 60% 53%
35% YoY 29% 30% 50% YoY
30% 30.34% 166.35%
40%
25%
20% 30%
15%
20%
10%
10%
5%
0% 0%
4Q2015 3Q2016 4Q2016 4Q2015 3Q2016 4Q2016
----- End of picture text -----

Page 5

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Proportion of the products revenue[(%) ]

==> picture [369 x 199] intentionally omitted <==

----- Start of picture text -----

Speaker QoQ
72.56%
35%
29%
30%
25%
25%
20% YoY 18%
42.66%
15%
10%
5%
0%
4Q2015 3Q2016 4Q2016
----- End of picture text -----

NB&PC/Speaker Box

Mobile/Speaker Box

==> picture [734 x 172] intentionally omitted <==

----- Start of picture text -----

80% 72% 71% QoQ 60% QoQ
51%
YoY
70% -2.43% 50% YoY 283.20%
-20.99%
60% 118.92%
40%
50%
40%
40% 30%
22%
30%
20% 14%
20%
10%
10%
0% 0%
4Q2015 3Q2016 4Q2016 4Q2015 3Q2016 4Q2016
----- End of picture text -----

Page 6

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Gross Margin

==> picture [579 x 319] intentionally omitted <==

----- Start of picture text -----

30.00%
25.43%
23.80%
25.00%
22.89%
22.52%
20.00%
18.89%
15.00%
10.00%
5.00%
0.00%
4Q2015 3Q2016 4Q2016
----- End of picture text -----

Page 7

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Operating Expenses

==> picture [632 x 418] intentionally omitted <==

----- Start of picture text -----

YoY
( NT$ million)
15.59%
600
QoQ
501
-14.17%
500
430
400 372 205
175
300
163
200
218
152
145
100
103
65 77
0
4Q2015 3Q2016 4Q2016
Selling expenses Administration expenses R&D expenses Total
----- End of picture text -----

Page 8

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Operating Income & Margin

==> picture [691 x 409] intentionally omitted <==

----- Start of picture text -----

( NT$ million)
YoY
800 14.00%
62.70%
QoQ
12.74%
13.04% 13.00%
700
12.16%
11.77%
12.00%
600
11.00%
500
10.00%
400
711 9.00%
629
300
8.00%
437
200
7.00%
100
6.00%
0 5.00%
4Q2015 3Q2016 4Q2016
Consolidated Operating Income Consolidated Operating Margin
----- End of picture text -----

Page 9

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Net Income & Margin

==> picture [694 x 409] intentionally omitted <==

----- Start of picture text -----

( NT$ million)
YoY
1000 20.00%
142.30%
18.58% QoQ
900 18.00%
-19.32%
800 16.00%
700 14.00%
600 12.24% 12.00%
500 10.00%
916
8.48%
400 8.00%
739
300 6.00%
200 4.00%
305
100 2.00%
0 0.00%
4Q2015 3Q2016 4Q2016
Consolidated Net Income Consolidated Net Profit Margin
----- End of picture text -----

Page 10

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Consolidated Earnings Per Share

==> picture [662 x 407] intentionally omitted <==

----- Start of picture text -----

( NT$ dollar)
QoQ
-19.16%
YoY
6
154.72%
5.01
5
4.05
4
3
2
1.59
1
0
4Q2015 3Q2016 4Q2016
EPS 1.59 5.01 4.05
----- End of picture text -----

Page 11

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Unaudited Earnings

Page 12

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

		(Unaudited)
				(NT$ Thousand)
	4Q2016	%	2016	%
Net Revenue	6,040,939	100.00	16,939,274	100.00
Gross Profit	1,141,223	18.89	3,367,169	19.88
Operating Income	710,865	11.77	1,654,298	9.77
Pre-tax Income	945,658	15.65	2,471,423	14.59
Net Income	739,250	12.24	2,013,503	11.89
EPS	4.05		11.02

Page 13

本文件為美律實業股份有限公司專有之財產, 非經書面許可, 不准透露或使用本資料, 亦不准複印, 複製或轉變成任何其他形式使用。

Thank you

http://www.merry.com.tw

Page 14