Qisda — Interim / Quarterly Report 2017

Aug 9, 2017

Qisda Corporation Investor Conference : 2017 Q2 Results

Aug 9, 2017

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 forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

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2017 1H Financial Results and Business Summary

Statement of Comprehensive Income (Consolidated)

Amount : NT$ Million

Net SalesCost of Goods SoldGross MarginOperating ExpensesOperating IncomeNon-operating Income, NetNet IncomeShareholders of the CompanyEPS (NT$)(a)Net Worth / Share (NT$)(b)	31,687100.0%(28,066)3,62111.4%(2,821)-8.9%8002.5%6421,2914.1%1,2303.9%0.6315.032017 Q1	32,898100.0%(28,738)4,16012.6%(3,190)-9.7%9692.9%7561,4264.3%1,3654.1%0.6914.572017 Q2	QoQ3.8%+1.2 ppt+0.4 ppt+0.2 ppt+0.2 ppt	YoY31,521100.0%4.4%(27,370)4,15113.2%-0.6 ppt(2,774)-8.8%1,3774.4%-1.5 ppt(406)7362.3%+2.0 ppt7982.5%+1.6 ppt0.4113.752016 Q2

(a) EPS was calculated based on total weighted-averaged outstanding shares (1,967 m shares)

(b) Net worth per share was calculated based on total outstanding shares (1,967 m shares)

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Balance Sheet Highlights (Consolidated)

Amount : NT$ Million
	2017.6.30		2016.12.31		Var.	2016.6.30		YoY
Cash & Equivalent	7,554	7.3%	6,825	7.2%	10.7%	8,019	8.4%	-5.8%
Accounts Receivable	26,831	25.9%	25,331	26.6%	5.9%	25,925	27.2%	3.5%
Inventory	19,845	19.1%	17,065	17.9%	16.3%	15,344	16.1%	29.3%
L-T Investments	15,697	15.1%	15,682	16.5%	0.1%	14,824	15.6%	5.9%
Total Assets	103,676	100.0%	95,312	100.0%	8.8%	95,313	100.0%	8.8%
**Fin. Debt ***	29,934	28.9%	22,656	23.8%	32.1%	26,704	28.0%	12.1%
Accounts Payable	25,213	24.3%	27,009	28.3%	-6.7%	24,557	25.8%	2.7%
Total Liabilities	70,874	68.4%	62,367	65.4%	13.6%	64,643	67.8%	9.6%
Equity	32,801	31.6%	32,945	34.6%	-0.4%	30,670	32.2%	6.9%

• Fin. debt included long term and short term financial debts and lease obligations payable .

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Key Financial Ratios (Consolidated)

AR Turnover (Days)Inventory Turnover (Days)AP Turnover (Days)Cash Conversion Cycle (Days)ROE(annualized)Current ratioFin. Debt / Total Assets(a)(b)		2017.6.308059845516.5%104%29%	2016.12.318154845112.6%103%24%	Var.-1 day+5 days0 day+4 days+3.9 ppt+1 ppt+5 ppt	2016.6.30YoY78+2 days52+7 days82+2 days48+7 days7.5%+9.0 ppt104%0 ppt28%+1 ppt

(a) AR included AR factoring

(b) Fin. debt included long term and short term financial debts and lease obligations payable .

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Revenue Breakdown by Product Line

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----- Start of picture text ----- 100% 3% 4% 5%5% 5% 5%10% 10% 9%80%10% 9% 11%13% 12% 11%60%BBSMedical40%Others58% 59% 59%ICT-Others20%PRJLCD0%1H'16 2H'16 1H'17----- End of picture text -----

• BBS : BenQ business solution

• Medical : includes medical Service、medical equipment、medical consumable

• Others : includes BenQ Materials Corp. and other products

• ICT-Others : includes professional/industrial display, signage, TV and automobile electronics products

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2017 1H Business Summary

 Monitor、Projector：

• Monitor: Revenue NT$ 37.9B, unit shipment 9.3M

• Projector: Revenue NT$ 7B, unit shipment 583K

• Medical：

  • Revenue NT$ 3.4B

• BBS：

• Revenue NT$ 3.3B

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