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SINBON Electronics Interim / Quarterly Report 2015

Mar 5, 2015

52256_rns_2015-03-05_4be2f100-ab7e-41d8-95d5-99129c32a92b.pdf

Interim / Quarterly Report

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SINBON 2014Q3 Results & Prospects

Prepared By Finance Department 2015/2/12

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Safe Harbor Notice
This presentation contains forward looking statements
and is subject to significant risks and uncertainties.
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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SINBON Briefing Year to Date Performance Financial Records Business Outlook

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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SINBON Briefing

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Who We Are

Founded in 1989, we are a solution provider of electronic integration, covering component design, manufacturing, distribution services aswell as wireless component.

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Founding year: 1989
Legal status: Listed on Taiwan Stock
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Trend

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Data Capture
LCD Panel
Mobile Phone
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Medial Health Industrial Field Green Energy

Automotive

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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

vertical integration

  • PCB

  • C a bl e ssem A bl y

  • EE, ME, Soft Ware, and Firm Ware Engineering

  • Raw Cable

  • Value sourcing platform

  • Tooling Design

  • .

  • Swift & Integrated Service, etc

  • Module Design, etc.

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Coverage

Field

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 & Oscillator, GPS A.T., Hinge. Passive C.P., SIM Switch IC., GPS C.P., Zener Diode, Cable chute, Compatible connector, etc.

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Major Customers

Medical Health 健康照護

Automotive Green Energy 汽車領域 綠能產業 -

Industrial Application Communication 工業應用 通訊相關

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SINBON’s Successful Cooperation with ASML

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PCB Assembly
Sheet Metals Power Supply
Bundles in Chain Service Unit Control Box
B un dl e ssem A bl y NPI Cables & Bundles Wet Vacuum Control Rack
Cable Assembly
(Internal Use) Track User Interface Box Cabinet
(External Use)
Number of 104 118
81
34
Buy Items
2007 2010 2013 2014 2014 Q2
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*NPI = New Product Introduction

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Symbol (Motorola)

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Box-Build
Cable + PCB Assembly
Cable Assembly � Barcode Scanner Data Cable � Terminal Charging Cradle
� Terminal Data Cable � Terminal Battery Charger
� Barcode Scanner Data Cable
� Terminal Car Charger
1999 2004 2011 2014
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Datalogic

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Cable
Assembly
70%
PCB Assembly + Box-Build
Cable + PCB Assembly � PCBA for Laser Marking Device
Cable Assembly � CCD Barcode Scanner
� Laser Barcode Scanner
� Barcode Scanner Cable � Laser Scanner Accessory
� Hand-held Scanner Cable � Hand-held Scanner Accessory � Mobile Computer Battery Charger
� Mobile Computer Cable � Connectivity Box
2003 2007 2008 2014
Complexity
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Successful Cooperation with Trimble

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Great Honor A Trustworthy Partner A Value-Added Service Partner
Became For the first time, Trimble decided to SINBON can solve customer’s problem
preferred supplier manufacturer their product out side of USA which pursued them for a long time
2006 2008 2010 2011 2013
Custom Connector
Cable for Survey Cable for Cable + PCBA for
& Solution
Instrument Agriculture Mobile Resource
Application Management
Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.
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SINBON’s Successful Cooperation with GE

2003-2013: Received Best supplier/ Best quality and management/ Excellent in compliance awards

Supplied control Supplied ca bl e & power Cable cable harness (2010) 2009 2010

Won GE B e iji ng “ B es t Supplier” award

Entered supply chain of GE Power & Water, Energy Management, Oil & Gas, Transportation in 2003

Processed GE Beijing supplied 1995 1998 2001 2002 2003 2007 material

2013

GE service coverage : China (Beijing, Achieved sales Wuxi, Chengdu); USA( Waukesha); India; of $18M Brazil; Finland; Singapore; Vietnam; Germany; Poland; Canada; Japan

Signed OEM Upgraded to a Strategic agreement with Cable Assembly GE Beijing Supplier by GE global

Entered supply chain of GE HC in 2002

Supplied customized cable assembly for the diagnostic equipment, such as X-ray, surgery , LSS, lunar ultrasound, patient monitor, MR, and CT

OEM ODM PCBA for Cable + PCBA GE HC

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

SINBON’s Success in Healthcare & Telemedicine

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Telemedicine
Medical Device
Application of Telemedicine System
Remote Patient
Monitoring System I
App for ECG
Recorder
Remote Patient (DR.APP)
Monitoring System II
Wrist Pulse Fingertip
TiltMon
ECG/EKG Recorder Oximeter Oximeter
Infrared Ear
Infrared Ear Thermometer Complete Telemedicine HRM Sensor Module
Baby Kick Track Thermometer Breeze® Nebulzier (forehead) Solution (Duel-LED)
Telemedicine System Telemedicine System
Medical Device + Telemedicine (Hardware)
(Cooperate with NTUH) (Software) +SIP Module
2009 2010 2011 2012 2013 2014
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Global Service Network

UK USA Korea China Japan Taiwan Headquarter 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 (Planning)

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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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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Tongchen Manufacturing Plant

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

  • 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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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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

Back

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Year To Date Performance

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Monthly Consolidated Revenue

NTD in thousand

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1,200,000
1,042,379
[1,016,112] [1,018,059]
1,000,000 900,690 890,092 953,343884,096991,292 889 , 810 [1,010,481][909,831] 900 , 822 972,033982,600981 , 045 996,911 942,015 972,004900,100 [972,399][908,235] 943,307853,057
817,202
800,000
600,000 618,017
400,000
200,000
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2014 2013
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2014 Jan. to Dec. non-audited consolidated sales : NTD 11,647,291 in thousands 2015 Jan. non-audited consolidated sales : NTD 1,042,379 in thousands

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Last 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)
Q3'14
2,989,579
649,541
21 73%
.
257,650
41,242
(8,827)
290,065
(65,154)
(422)
225,333
7.54%
1.09
4,756,643
4.74%
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 Q4'13
2,641,592
588,671
Q3'13
2,895,131
611,813
21 13%
.
201,102
64,439
27,606
293,147
(89,407)
(7,558)
211,298
7.30%
1.02
4,279,475
4.94%
2,741,173
596,831
21 77%
.
220,717
62,888
(8,562)
275,043
(78,715)
(4,460)
22 28%
.
170,534
31,284
(32,966)
168,852
(53,521)
(35,877)
200,788 151,208
7.32% 5.72%
0.72
0.97
4,811,817
4.17%
4,653,253
3.25%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Last Five 3rd-Quarter Results Highlight

(NTD in thousand)
Net Sales
Gross Profit
Gross Profit %
Operation Income
Net Income
Net Profit %
EPS(NTD in dollars)
Q3'10
2,338,218
464 971
,
19.89%
180,236
101,515
4.34%
0.56
Q3'11
2,285,291
465 764
,
20.38%
114,567
114,154
5.00%
0.63
Q3'12 Q3'13
Q3'14
2,895,131
2,989,579
611 813
649 541
,
,
21.13%
21.73%
201,102
257,650
211,298
225,333
7.30%
7.54%
1.02
1.09
2,637,918
540 524
,
20.49%
165,236
177,966
6.75%
0.97
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Revenues by Market Segment I

Unit:NTD in thousand 2014 2013 Increase
(Decrease)
%
Industry Sub-Total Sub-Total
GREEN ENERGY 2,047,996 1,774,024 273,972 15%
INDUSTRIAL APPLICATION 2,789,033 2,123,872 665,162 31%
MEDICAL HEALTH 1,251,573 1,263,267 (11,694) -1%
AUTOMOTIVE 1,233,655 887,291 346,365 39%
COMMUNICATION 4,325,033 4,506,807 (181,773) -4%
Total 11,647,291 10,555,261 1,092,030 10%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Revenues by Market Segment II

2014 Jan ~ Dec Revenue by Market Segment

2013 Jan ~ Dec Revenue by Market Segment

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GREEN ENERGY
COMMUNICATION 17% COMMUNICATION GREEN ENERGY
37% 43% 17%
MEDICAL HEALTH
AUTOMOTIVE MEDICAL HEALTH AUTOMOTIVE 12% INDUSTRIAL APPLICATION
11% 11% INDUSTRIAL APPLICATION 8% 20%
24%
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Financial Ratio

Ratio
2012
2013
2014 3Q

PS1: 2014 3Q ratio has been annualized but EPS.

    • PS2: You may download completed financial statements at http://www.sinbon.com/investor relations/financial statement/
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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Financial Records

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Revenue Achievements

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Revenue
11,647,291 NTD in thousand
10,011,618 [10,555,261]
8,922,135
8,347,023
2010 2011 2012 2013 2014
PS: 2014 non-audited yet.
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Profitability

NTD i n t h ousan d

NTD in thousand

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Last 5-Year Dividend Policy

2009
2010
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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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

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Business Outlook

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Business Coverage

MAGIC

Medical Green Industrial Automotive Communication Health Energy Application

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Medical Health

Application

Positron Emission Tomography

Ultrasound Equipment

Major Customers

Magnetic esonance mag ngR I i Patient Monitor

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Radiography (X-Ray)

Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Application

Automotive

Major Customers

Automotive uA dio & Video systems

Parking Related Device

Oxygen Sensor

Car Charger - Industr ai l

EV Charger

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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.

Green Energy

Application

Major Customers

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

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

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Industrial Application

Application

Major Customers

Energy Distribution

Electrical Control Industrial Cooling Cabinet System Automation and Control Nuclear Power Cabinet Sensor Control Diagnostic Equipment

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Industrial Application

Application Construction & Transportation Agriculture Equipment Marking and Image Industrial Printing Coding Equipment

Major Customers

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Industrial Application

Application

Major Customers

Semiconductor Equipment

Cradle and PDA

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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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Copyright © 2012 SINBON Electronics Co., Ltd. All rights reserved.