TPK - Interim / Quarterly Report 2016

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Disclaimer Statement

This presentation and release may contain ‘forward-looking statements’ which may include projections on future results of operations, financial condition and business prospects based on our own information and other sources.

The actual results of operations, financial condition and business prospects may differ from those explicitly or implicitly indicated in those forward-looking statements for a variety of reasons, including but not limited to market demand, price fluctuations, competition, supply chain issues, global economic conditions, exchange rate fluctuation and other risks and factors beyond TPK’s controls.

The forward-looking statements in this presentation, if any, only reflect the current view of TPK Holding Co., Ltd. as of the date of its release. TPK undertakes no obligation to update those forward-looking statements for events or circumstances that occur subsequently.

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Disclosure Notice

公告原則

 All financial numbers are prepared in accordance with IFRS which is approved by regulators in Taiwan

All financial numbers are unaudited
本公司財務報表係依照臺灣主管機關認可之國際財務報導準則編製
所有財務數字均為本公司自結數

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1Q16 Result Summary

2016年第一季營運簡報

NT$	Revenues	Net Profits/Loss	EPS
1Q16	21.2 bn	52 mn	0.15

1Q/2016 revenues below original forecast, primarily attributed to weaker demand in smart phone and tablet, especially from China.
Margin also below plan due to lower utilization and unfavorable product mix change.
2016 will be back-end loaded, fueled by various new product
introduction in 2H.
OLED shall be a game changer for the entire display and touch
industry.

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1Q16 Profit & Loss

2016年第一季損益表

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季損益表
Profit & Loss	QoQ 1Q15 YoY 1Q16 4Q15
(NT$ million) Revenues COGS Gross Profits Operating Expenses SG&A R&D Operating Profits Non-Op Inc/(Exp) Int Inc/(Exp) FX Gain/(Loss) Invest Inc/(Loss) Others Earnings Before Tax Income Tax Net Income (Parent) EPS (Parent) EBITDA	(38.3%) 28,949 (26.6%) (27,054) (57.2%) 1,895 (47.7%) (1,805) (1,499) (306) 90 (1,192) (28) (6) (53) (1,104) (1,102) 95 (1,014) (3.06) 1,633 2,443 2,172 92 1,268 52 1,016 0.15 2.12 52 67 528 (330) (76) (265) (615) (182) (119) (117) (232) 21,239 34,438 (20,248) (32,123) 991 2,314 (1,348) (1,964) (1,128) (1,745) (219) (218) (357) 350 280
Margin: GM OM NM OpExp	6.5% 0.3% (3.5%) (6.2%) 0.2% 2.9% (6.3%) (5.7%) 4.7% 6.7% (1.7%) 1.0%

Quarterly Sales

季營收

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Gross Profits

營業毛利

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Operating Profits

營業利益

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Sales by Form Factors

營收結構

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1Q16 Balance Sheet

資產負債表

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Balance Sheet	2016/3/31 2015/12/31
(NT$ million) Cash Equivalents Debt Inv with no active market Receivables Inventories Current Assets Long-term Investments Property, Plant and Equipment Total Assets ST Loans Payables Current Liabilities Convertible Bonds LT Loans Total Liabilities Common Shares Non-Controlling Interest Total Shareholder's Equities	15,165 16,393 5,222 16,787 6,752 12,270 8,051 8,737 39,276 61,034 376 326 47,265 49,282 91,616 115,228 33,722 46,740 9,579 14,956 49,338 68,417 6,519 7,850 2,457 4,829 60,732 83,701 3,466 3,516 412 423 30,884 31,527
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	0.63 0.76 0.80 0.89 0.7% (52.3%) 0.89 1.36

Note: PP&E includes prepayments.

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新聞稿

TPK 公告 2016 年第一季自結營運成果

中華民國，台灣，台北，2016 年 4 月 28 日 – TPK Holding Co., Ltd. 宸鴻科技（TWSE: 3673）（“宸鴻” 或 “本公司”）今日公告 2016 年第一季自結營運成果。本季自結稅後淨利為新台幣 5 仟 2 佰萬元，稅後稀釋每股獲利為新台幣 0.15 元。

2016 年第一季營運成果分析

受到第一季傳統淡季及客戶智慧型手機存貨調整之影響，本季自結合併營收為新台幣 212.4 億元，較去年同期減少 26.6%，亦較上季減少 38.3%。2016 年第一季營業毛利為新台幣 9.9 億元，較低的稼動率加上不利的產品組合導致營業毛利率下降至 4.7%。在銷售成本結構方面，由於銷售金額的減少，本季原料及人工成本由第四季新台幣 255.2 億元及 27.9 億元，分別減少至新台幣 152.4 億元及 18.5 億元。本季折舊攤提費為新台幣 19.4 億元。

本季營業費用為新台幣 13.5 億元，較上季新台幣 19.6 億元減少 31.4%，主要反映本公司持續於成本及費用控管上之成果。截至 2016 年 3 月 31 日，本公司員工總人數為 31,357 人，較前一季底 37,478 人減少。

本季淨利息費用約新台幣 1.8 億元。然因人民幣匯率波動影響，2016 年第一季外幣兌換損失約為新台幣 1.2 億元。本公司於 2016 年第一季購回海外可轉換公司債面額約 4 仟萬美元並認列買回應付公司債利益約新台幣 1 億 7 仟萬元。本季 EBITDA 約新台幣 24.4 億元。

資本結構及資本支出

本季資本支出約為新台幣 11.7 億元。截至 2016 年 3 月 31 日，本公司帳上現金餘額為新台幣 151.6 億元。銀行借款餘額為新台幣 361.8 億元，其中短期銀行借款為新台幣 337.2 億元（含一年內到期之長期借款），長期銀行借款為新台幣 24.6 億元，另應付海外可轉換公司債餘額為新台幣 65.2 億元（到期日為 2020 年），本公司未使用銀行額度約為新台幣 621.3 億元。

註：本公司之財務數字係依照臺灣主管機關認可之國際財務報導準則編製。

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投資人關係聯絡人：

劉詩亮，財務長王凱論，財務處長 Tel: +886.2.7727.1196 [email protected]

關於 TPK 宸鴻科技

TPK 為專業的觸控技術應用領導廠商，透過垂直整合的生產製程提供客戶全方位的觸控技術應用解決方案，包括產品設計、研發到量產。公司持續專注於觸控技術的研發與創新，以維持技術的領先地位，並透過新材質的開發、技術的提昇及製程的改善達到降低成本的效益，以期擴大觸控技術在各種電子產品的應用並滿足客戶需求。本公司之主要生產基地位於中國廈門。

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2016 年第一季損益表

Profit & Loss	QoQ 1Q15 YoY 1Q16 4Q15
(NT$ million) Revenues COGS Gross Profits Operating Expenses SG&A R&D Operating Profits Non-Op Inc/(Exp) Int Inc/(Exp) FX Gain/(Loss) Invest Inc/(Loss) Others Earnings Before Tax Income Tax Net Income (Parent) EPS (Parent) EBITDA	(38.3%) 28,949 (26.6%) (27,054) (57.2%) 1,895 (47.7%) (1,805) (1,499) (306) 90 (1,192) (28) (6) (53) (1,104) (1,102) 95 (1,014) (3.06) 1,633 2,443 2,172 92 1,268 52 1,016 0.15 2.12 52 67 528 (330) (76) (265) (615) (182) (119) (117) (232) 21,239 34,438 (20,248) (32,123) 991 2,314 (1,348) (1,964) (1,128) (1,745) (219) (218) (357) 350 280
Margin: GM OM NM OpExp	6.5% 0.3% (3.5%) (6.2%) 0.2% 2.9% (6.3%) (5.7%) 4.7% 6.7% (1.7%) 1.0%

Profit & Loss

QoQ
1Q15
YoY
1Q16
4Q15

(NT$ million)
Revenues
COGS
Gross Profits
Operating Expenses
SG&A
R&D
Operating Profits
Non-Op Inc/(Exp)
Int Inc/(Exp)
FX Gain/(Loss)
Invest Inc/(Loss)
Others
Earnings Before Tax
Income Tax
Net Income (Parent)
EPS (Parent)
EBITDA

(38.3%)
28,949
(26.6%)
(27,054)
(57.2%)
1,895
(47.7%)
(1,805)
(1,499)
(306)
90
(1,192)
(28)
(6)
(53)
(1,104)
(1,102)
95
(1,014)
(3.06)
1,633
2,443
2,172
92
1,268
52
1,016
0.15
2.12
52
67
528
(330)
(76)
(265)
(615)
(182)
(119)
(117)
(232)
21,239
34,438
(20,248)
(32,123)
991
2,314
(1,348)
(1,964)
(1,128)
(1,745)
(219)
(218)
(357)
350
280

Margin:
GM
OM
NM
OpExp

6.5%
0.3%
(3.5%)
(6.2%)
0.2%
2.9%
(6.3%)
(5.7%)
4.7%
6.7%
(1.7%)
1.0%

2016 年第一季資產負債表

2016 年第一季資產負債表
Balance Sheet	2016/3/31 2015/12/31
(NT$ million) Cash Equivalents Debt Inv with no active market Receivables Inventories Current Assets Long-term Investments Property, Plant and Equipment Total Assets ST Loans Payables Current Liabilities Convertible Bonds LT Loans Total Liabilities Common Shares Non-Controlling Interest Total Shareholder's Equities	15,165 16,393 5,222 16,787 6,752 12,270 8,051 8,737 39,276 61,034 376 326 47,265 49,282 91,616 115,228 33,722 46,740 9,579 14,956 49,338 68,417 6,519 7,850 2,457 4,829 60,732 83,701 3,466 3,516 412 423 30,884 31,527
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	0.63 0.76 0.80 0.89 0.7% (52.3%) 0.89 1.36

Note: PP&E includes prepayments.

AI assistant

TPK Interim / Quarterly Report 2016

52363_rns_2016-06-07_e182d7fe-ab7c-4c06-b501-9aa416143f90.pdf

Disclaimer Statement

Disclosure Notice

公告原則

1Q16 Result Summary

2016年第一季營運簡報

1Q16 Profit & Loss

2016年第一季損益表

Quarterly Sales

季營收

Gross Profits

營業毛利

Operating Profits

營業利益

Sales by Form Factors

營收結構

1Q16 Balance Sheet

資產負債表

新聞稿

TPK 公告 2016 年第一季自結營運成果

2016 年第一季營運成果分析

資本結構及資本支出

投資人關係聯絡人：

關於 TPK 宸鴻科技

2016 年第一季損益表

2016 年第一季資產負債表

AI assistant

TPK — Interim / Quarterly Report 2016

52363_rns_2016-06-07_e182d7fe-ab7c-4c06-b501-9aa416143f90.pdf

Disclaimer Statement

Disclosure Notice

公告原則

1Q16 Result Summary

2016年第一季營運簡報

1Q16 Profit & Loss

2016年第一季損益表

Quarterly Sales

季營收

Gross Profits

營業毛利

Operating Profits

營業利益

Sales by Form Factors

營收結構

1Q16 Balance Sheet

資產負債表

新聞稿

TPK 公告 2016 年第一季自結營運成果

2016 年第一季營運成果分析

資本結構及資本支出

投資人關係聯絡人：

關於 TPK 宸鴻科技

2016 年第一季損益表

2016 年第一季資產負債表

More from TPK

TPK Interim / Quarterly Report 2016