TMT — Interim / Quarterly Report 2014

Nov 17, 2014

Taiwan Polyimide

We know Polyimide

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IMPORTANT NOTICE

Taimide’s statements of its current expectations provided herein are forward-looking. These statements are subject to risks and uncertainties that might cause significant deviations from actual results, including but not limited to changes in business policy, possible fluctuations in economic situations, technology development, competition environment, and other circumstances beyond control. Taimide undertakes no obligation to update the forwardlooking statements to reflect events or circumstances after the issuance of the statements.

Nothing contained herein constitutes an investment advice, offer or solicitation for the purchase or sale of any financial instrument. While reasonable care has been taken to ensure that the information contained herein is not untrue or misleading at the time of publication, Taimide makes no representation that it is accurate or complete. Neither Taimide nor any of its officers or employees shall be liable for any direct, indirect or consequential loss, damage, cost or expense incurred or arising from any use of the information contained herein.

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Company & Product Profile
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Operating Result 2014 Q3
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Q & A
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公司及產品簡介 Company & Product Profile

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 Established: June, 2000

 Company capital: 38M USD  Plant sites: Hsinpu & Tongluo  Employees: 310 (10% R&D & Process..)

Polyimide Film Manufacturer

 IPO in TSE: October, 2011

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Flexible
printed circuits
Aerospace &
Special
aircraft industry
application
Polyimide
Film
Pressure
Motors &
sensitive
Generators
tape
Solar energy
Oil drilling
battery
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Application TH TL TX TA[ ] BK LW LED Light Bar Small Medium Large ◎ ◎ size size size Display (LCM) Small Medium Large ○ ○ size size size** Notebook ◎ ◎ Mobile Phone ◎ ◎ ◎ ◎ Package & Semi-additive ◎ ◎ Photovoltaic Module ◎ ◎ ** TA = Pomiran[]

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Model	Thickness (mil)	Application
TH	H, 1, 2, 3	Normal FPCB / Stiffener
TL	H, 1	Fine pattern & large size FPCB (LCM module, Multi-layered…)
TX	0.3, H, 1, 1.5, 2	IC package substrate (Driver IC, R-F PCB……..)
BK	H, 1	Coverlay of FPCB (Smart phone, optical element, LED light bar…)
LW	1	Coverlay of FPCB (LED back light module)
TA	H, 1, 1.5	Semi-additive PCB & FPCB (HDI, IC substrate, COF, PV……..)

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HDI TA
R-F
TX
BK/LW
Multi-layered
(coverlay)
TA
Double-sided TL
TX TH
Single-sided
50 100 150 200
Line pitch (um)
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FPCB Supply Chain

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Polyimide Copper foil

Nippon Mining; Olin DuPont; Kaneka; Taimide SKC Furukawa; Taiwan Copper Foil

CCL

Cover layer

RCCT Technology; Arisawa; ShinEtsu; Toray ； Taiflex ； AEM

Single-sided board Double-sided board Multi-layered board

Career; Foxconn Advanced Tech; Mektec; Flexium Interconnect; Advanced Flexible Circuits; Neoflex Sunflex; Mutual-Tek; Complex Micro Interconnection; Uniflex; ICHIA

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Product Research and Industrial Prospect

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Product Research and Industrial Prospect

• Black PI : Smart Phone Related

FPC

• White PI : LED Light Bar Related

• Ultra-thin PI: Smart Phone & Wearable…

• Platable PI: Green FPC, Semi-Additive

• • Low DkDf PI: High Speed & Frequency..

Flexible DISPLAY

• OLED

• Touch Panel

Flexible PV

• Heat Resistance PI

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Operating Result 2014 Q3
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NT$M	NT$M	NT$M	NT$M
	Y14Q3	Y13Q3	QoQ(%)
Revenue	411	284	45%
Grossprofit	139	90	55%
Operatingexpense	44	34	31%
Operatingincome	95	56	70%
Others income/expense	15	(3)	-536%
Pre-tax income	109	52	109%
Netincome	89	42	112%
EPS(NT$)	0.79	0.38	108%
Gross profit％	34%	32%
Operating expense％	11%	12%
Operating income％	23%	20%
Others income/expense％	4%	-1%
Pre-tax income％	27%	18%
Net income％	22%	15%

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NT$M	NT$M	NT$M	NT$M
	Y14Q1-Q3	Y13Q1-Q3	YoY(%)
Revenue	1,050	698	51%
Gross profit	281	183	53%
Operating expense	122	94	30%
Operatingincome	159	90	77%
Othersincome/expense	7	3	178%
Pre-tax income	166	92	80%
Net income	134	74	80%
EPS(NT$)	1.21	0.66	83%
Gross profit％	27%	26%
Operating expense％	12%	13%
Operating income％	15%	13%
Others income/expense％	1%	0%
Pre-tax income％	16%	13%
Net income％	13%	11%

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Regional Sales Analysis

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NT$M
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Liabilities & Equity

Assets

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2,907 3,109
2,658 2,855
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2,658 2,855 2,907 3,109
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Y13Q3
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Y14Q1
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Y14Q2
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Y14Q3
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Debit Ratio
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33%
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35%
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37%
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38%
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Net Worth Per Share(NT$)
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14.98
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15.23
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15.09
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15.88
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Q&A
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Thank you

TAIMIDE TECH. INC

www.taimide.com.tw

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