Primax — Call Transcript 2016

May 13, 2016

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Primax Electronics Ltd. (4915 TT)

1Q16 Earnings Conference Call

CFO Yi Pin Lee

12 May 2016

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1Q16 Result 3 Consecutive Yrs Rec’ Breaking Q1

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Quarterly Sales

Amount � NTD M

Record YoY Record High

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25,000
Annual revenues to
N$100bn 20,309
20,000 17,783
14,539
13,622 13,435 12,948 14,013
15,000
13,580
11,603
10,000
1 2 3
5,000
0
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
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Gross Profit

Amount � NTD M

2,400 2,100 1,800 1,425 1,500 1,200 900 1 600

Record YoY Record High

1,546 1,432 1,626 1,586 1,582 2

1,984

2,178

1,567

3

300

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0
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1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16

Gross Margin

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14.5%
13.5%
12.3%
12.5%
11.6%
11.2% 11.2%
11.1%
11.5%
11.9%
10.7%
10.6%
11.8%
10.5%
9.5%
8.5%
7.5%
6.5%
5.5%
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
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Operating Profit

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900 Amount � NTD M Record YoY
800 Record High 761
642
700
522
600
497
488 463
500 373
392
400 323
300
200
100
0
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
-100
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Operating Margin

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6.0%
5.0%
4.3%
3.8%
3.6%
4.0% 3.7%
3.6%
3.3%
3.0% 2.4% 2.7%
2.9%
2.0%
1.0%
0.0%
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
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EPS

Amount � NTD

Record YoY

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1.30 1.15
1.15
1.10
1.10 0.95 0.91
0.91
0.85
0.90 0.75
0.76
0.70
0.50
0.30 3
2
1
0.10
-0.10 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16
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1Q16 Balance Sheet

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1Q16 Cash Flow

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2Q16 Outlook

• �

• Expect 2Q16 YoY QoQ growth

• Product Mix

• Higher Mobile Device

• Mobile Device: Broader customer base & higher wallet share

• 3Q16 Continuous upward trend

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Thank you!

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Safe Harbor Notice

– We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us

– We undertake no obligation to publicly update or revise any forwardlooking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forwardlooking statements.

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