SINBON Electronics - Interim / Quarterly Report 2014

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SINBON 2014Q3 Results & Prospects

Prepared By Finance Department 2014/10/23

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Safe Ha
This prese
and is sub
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r bor Notice
ntation contains forward looking statements
ect to significant risks and uncertainties.
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SINBON Briefing Year to Date Performance Financial Records Business Outlook

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SINBON Briefing

Who We Are

e Founded in 1989, we are a solution provid r of electronic integration, covering u component design, manufacturing, distrib tion services aswell as wireless component.

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Founding year: 1989
Legal status: Listed on Taiwan Stock
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Business Trend
Data Capture Medical Industrial Field Wind Ener gy
LCD Panel
Mobile Phone
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Business Trend

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Notebook PC
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Consumer Electronics Industries > > > (Standard & limited profit )

Niche Market & Industrial field (customized with value-added)

Key technology & capacity for

Core competitiveness

C a bl e ssem A bl y

vertical integration

EE, ME, Soft Ware, and Firm Ware Engineering
PCB
Raw Cable
Value sourcing platform
Tooling Design
.
Swift & Integrated Service, etc
Module Design, etc.

Business Coverage

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Field
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Industrial A utomot ve i C ommun cat on i i G reen nergy E M e di ca l H ea t l h App ication l Cable Assembly PCB Assembly Sub-unit / Box Build Connectors/ Components

Notes: Components refer to HRS connector, Crystal & O s cillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc.

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Major Customers
Medical Health Auto m otive Green Energy
健康照護汽車領域綠能產業
-
Industrial Application Communication
工業應用通訊相關
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Global Service Network
UK
USA
Korea
China Japan
Taiwan
Headquart e r
Headquarter Sales / Marketing Offices Manufacturing Sites R&D Offices Hubs
-Taipei, Taiwan -Seattle, USA -Taipei, Taiwan -Miaoli, Taiwan -Taipei, Taiwan -Seattle, USA
-New York, USA -Beijing, China -Beijing, China -Beijing, China -Nashville, USA
-Chicago, USA -Qingdao, China -Jiangyin, China -Jiangyin, China -Orlando, USA
- - - -
Nashville , USA Jiangyin, China Tongcheng , China Tongcheng , China
-Manchester, UK -Shanghai, China -Nashville, USA
-Nagoya, Japan -Tongcheng, China
-Inchon, Korea -Shenzhen, China
-Xiamen, China
-Chongqing, China (Plan n ing)
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Manufacturing Site

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Beijing
Cable PCBA
Jiangyin
Cable PCBA
Miaoli Beijing Tongcheng
Cable
Jiangyin plant I Jiangyin plant II Jiangyin raw cable Miaoli Cable PCBA
plant
Tongcheng
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Beijing Manufacturing Plant

Features: Cable Assembly High Mix Low Volume (ex. medical, industrial…)
Space: 84,122 ft [2]
Manpower: 508
Workmanship Standard Compliance: IPC-610, Class2 ISO 9001 IPC-620, Class 2 ISO 14001 UL ISO 13485 OHSAS 18001:2007 Green Partner (Sony)

Back

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Jiangyin Manufacturing Plant

� Features: Cable / PCBA / Box build High Mix Low Volume / High Volume Low Mix (cover diverse industries)

� Space: Plant I- 139,933 ft 2 , II- 230,890 ft 2 , III- 21,528 ft 2

� Manpower: 2,612

� Workmanship Standard Compliance: IPC-620, Class 2 ISO 9001 Eco-Partner IPC-610, Class 2 ISO 14001 UL TS 16949 ISO 13485 Green Partner

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T
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T ongchen Manufacturing Plant

Features: Cable Assembly High Volume Low Mix (ex. IT, consumer electronics, industrial control machine and vehicle fields…)

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Space: 64,585 ft [2]
Manpower: 550
Workmanship Standard Compliance:
ISO 9001 IPC-620 EICC ISO14001 UL Green Partner (Canon)

Back

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Miaoli Manufacturing Plant

Features: Cable Assembly PCB Assembly High Mix Low Volume (ex. industrial, semiconductor, auto charger…)
Available Space: 78,168 ft [2]
Manpower: 223
Workmanship Standard Compliance: IPC-610, Class 2 IECQ ISO 13485 IPC-620, Class 2 UL ISO 9001 ISO 14001 GMP ISO 14064-1

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Year To Date Performance
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Year To Date Performance

M onthly Consolidated Revenue

NTD in thousand

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1,200,000
1,018,059
991,292 [1,010,4811,016,11] [2] 982,600 996,911
953,343
1,000,000
900,690 890,092
800,000
600,000
400,000
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2014 2013 2012
2014 Jan to Sep. consolidated s ales : NTD 8,759,580 in thousands
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L a st 5 Quarters Result Highlight

(NTD in thousand) Net Sales Gross Profit Gross Profit % Operation Income Non-operating Income Non-operating Expenses Income before Taxes Income Taxes Minority Interests Net Income Net Profit % EPS (NTD in dollars) Stockholders' Equity ROE(quaterly)	Q2'14 3,019,801 656,010 21.72% 283,381 39,728 (8,364) 314,745 (99,943) (5,101) 219,903 7.28% 1 06 . 4,482,739 4.91%	Q1'14 2,741,173 596,831 21.77% 220,717 62,888 (8,562) 275,043 (78,715) (4,460) 200,788 7.32% 0 97 . 4,811,817 4.17%	Q4'13	Q3'13 2,895,131 611,813
			2,641,592 588,671
			22.28% 170,534 31,284 (32,966) 168,852 (53,521) (35,877)	21.13% 201,102 64,439 27,606 293,147 (89,407) (7,558)
			151,208	211,298
			5.72%	7.30% 102
			072
			.	. 4,279,475 4.94%
			4,653,253 3.25%

Last Five 2nd-Quarter Results Highlight

(NTD in thousand) Net Sales Gross Profit Gross Profit % Operation Income Net Income Net Profit % EPS(NTD in dollars)	Q2'10 2,244,117 490,768 21.87% 165,492 145,344 6.48% 0.82	Q2 2,3 4 1 1 '11 08,503 96,326 21.50% 91,351 10,353 4.78% 0.62	Q2'12 2,483,305 521,955 21.02% 128,464 153,421 6.18% 0.85

R evenues by Market Segment I

Unit`：`NTD in thousand	2014 Jan ~ Sep	2013 Jan ~ Sep	Increase (Decrease)	%
Industry	Sub-Total	Sub-Total
GREEN ENERGY	1,581,415	1,437,841	143,574	10%
INDUSTRIAL APPLICATION	2,056,624	1,602,691	453,933	28%
MEDICAL HEALTH	951,740	931,300	20,440	2%
AUTOMOTIVE	933,692	598,554	335,138	56%
COMMUNICATION	3,236,109	3,343,283	(107,174)	-3%
Total	8,759,580	7,913,669	845,911	11%

R e venues by Market Segment II

2014 Jan ~ Sep Revenue by Market Segment

2013 Jan ~ Sep Revenue by Market Segment

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GREEN ENERGY
COMMUNICATION COMMUNICATION
18% GREEN ENERGY
37% 42%
18%
MEDICAL HEALTH
AUTOMOTIVE MEDICAL HEALTH AUTOMOTIVE INDUSTRIAL APPLICATION
11% 11% INDUSTRIAL APPLI C ATION 8% 12% 20%
23%
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		Financial Ratio	Financial Ratio
Ratio	2012	2013	2014 1H
Debt Ratio	53.70%	50.42%	56.12%
Long-term funds toproperty, plant and equipmentR atio	290.99%	321.56%	344.90%
Current Ratio	154.91%	164.03%	151.00%
Quick Ratio	115 25% .	123 72% .	116 00% .
Times Interest Earned Ratio	12.90	24.39	35.85
A/R Turnover	3.71	3.59	3.65
A/P Turnover	5.03	4.77	4.94
InventoryTurnover	4.66	4.96	5.66
Property ,plant and equipment turnover	5.95	6.69	7.68
Total Assets Turnover	1.13	1.12	1.11
ROA	6.08%	7.00%	8.15%
ROE	12.58%	13.88%	18.06%
Profit before tax to capital	36.25%	41.75%	56.80%
Net Profit Rate	4.78%	5.76%	7.30%
EPS(NT$)	2.93	3.20	2.03

PS: You may download completed financial statements at h ttp://www.sinbon.com/investor-relations/financial-statement/

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Financial Records

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Revenue Achievements

NTD in thousand

Sources: Audited Consolidated Financ i al Report.

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Profitability

NTD i n t h ousan d

NTD in thousand

			Last 5-Year Dividend Policy	Last 5-Year Dividend Policy	Last 5-Year Dividend Policy
	2009	201 0	2011	2012	2013
EPS(NT$)	1.07	2.25	2.49	2.92	3.2
Cash Dividend(NT$)	1.00	1.70	1.70	2.00	2.50
Stock Dividend(NT$)	0.00	0.00	0.00	0.00	0.00
SUM	1.00	1.70	1.70	2.00	2.50
Payout Ratio	93%	76%	68%	68%	78%

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Business Outlook

Business Coverage

MAGIC

Medical Green Industrial Automotive Communication Health Energy Application

Medical Health

Application

Major Customers

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ment
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Positron Emission Tomography Ultrasound Equipment Magnetic esonance mag ngR I i Patient Monitor

Radiography (X-Ray)

Automotive

Application

Automotive Audio & Video systems

Parking Related Device

Major Customers

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Oxygen Sensor

Car Charger - Industrial

Green Energy

ers Application Major Custom

Solar (Micro-inverter, Central inverter, DC-Converter)

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Wind Turbine (Hub, Nacelle, Tower, Tower base)

Industrial Application

Application

Major Customers

Energy Distribution

Electrical Control Cabinet

Automation and Control Nuclear Power Cabinet

Industrial Cooling System

Sensor Control Diagnostic Equipment

Industrial Application

Application

Construction & Transportation

Marking and Image Coding

Agriculture Equipment EV Charger

Industrial Printing Equipment

Major Customers

Industrial Application

Major Customers Application

Semiconductor Equipment

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Cradle and PDA

Communication

Application

Major Customers

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RF Cable And Antenna For Industrial PDA/ Smart Phone/ Tablet PC/ WLAN/EReader/Gaming Machine

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AI assistant

SINBON Electronics — Interim / Quarterly Report 2014

52256_rns_2014-10-22_d8a9ded7-a0d1-4c30-947e-ce6f3451fe3d.pdf

SINBON 2014Q3 Results & Prospects

SINBON Briefing

Who We Are

Business Trend

Core competitiveness

Business Coverage

Manufacturing Site

Beijing Manufacturing Plant

Jiangyin Manufacturing Plant

T ongchen Manufacturing Plant

Miaoli Manufacturing Plant

Year To Date Performance

M onthly Consolidated Revenue

L a st 5 Quarters Result Highlight

Last Five 2nd-Quarter Results Highlight

R evenues by Market Segment I

R e venues by Market Segment II

Financial Records

Revenue Achievements

Profitability

Business Outlook

Business Coverage

MAGIC

Medical Health

Application

Major Customers

Automotive

Application

Major Customers

Green Energy

ers Application Major Custom

Industrial Application

Application

Industrial Application

Application

Industrial Application

Major Customers Application

Semiconductor Equipment

Cradle and PDA

Application

Major Customers

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