TPK - Interim / Quarterly Report 2018

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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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1Q18 Result Summary

2018年第一季營運簡報

NT$	Revenues	Net Profits	EPS
1Q18	20.9 bn	68 mn	0.17

Revenues in line with expectation, reflecting cross the board seasonal declines in all product segments post seasonal demand and fewer working days in the first quarter
Profitability remained flattish year-on-year, but was negatively affected sequentially due to lower capacity utilization rate
Expect revenues in 2018 to be back-end loaded

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1Q18 Profit & Loss

2018年第一季損益表

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Profit & Loss	QoQ 1Q17 YoY 1Q18 4Q17
(NT$ million) Revenues COGS Gross Profits Operating Expenses SG&A R&D Operating Profits Non-Op Inc/(Exp) Int Inc/(Exp) FX Gain/(Loss) Others Earnings Before Tax Income Tax Net Income (Parent) EPS (Parent) EBITDA	(36.6%) 21,415 (2.6%) (20,215) (44.3%) 1,200 2.6% (1,080) (877) (203) (68.9%) 120 85.5% 621 (235) (100) 955 (71.4%) 741 (67.0%) (122) 616 (88.9%) 1.78 (90.4%) 3,290 (19,622) (30,664) 20,854 32,873 1,231 2,209 (1,008) (1,491) (761) (1,195) (247) (295) 223 718 22 137 (41) (53) (68) (64) 131 254 245 855 (179) (242) 68 591 0.17 1.53 2,248 2,969
Margin: GM OM NM OpExp	5.6% 0.6% 2.9% (5.0%) 5.9% 6.7% 1.1% 2.2% 0.3% 1.8% (4.8%) (4.5%)

Profit & Loss

QoQ
1Q17
YoY
1Q18
4Q17

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

(36.6%)
21,415
(2.6%)
(20,215)
(44.3%)
1,200
2.6%
(1,080)
(877)
(203)
(68.9%)
120
85.5%
621
(235)
(100)
955
(71.4%)
741
(67.0%)
(122)
616
(88.9%)
1.78
(90.4%)
3,290
(19,622)
(30,664)
20,854
32,873
1,231
2,209
(1,008)
(1,491)
(761)
(1,195)
(247)
(295)
223
718
22
137
(41)
(53)
(68)
(64)
131
254
245
855
(179)
(242)
68
591
0.17
1.53
2,248
2,969

Margin:
GM
OM
NM
OpExp

5.6%
0.6%
2.9%
(5.0%)
5.9%
6.7%
1.1%
2.2%
0.3%
1.8%
(4.8%)
(4.5%)

Quarterly Sales by Form Factors

季營收結構

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＜ 7" 7" ≦ X 11" 11" ≦ X 16" X ≧ 16" Others
100%
20%
19%
24%
80% 28%
29%
21%
25%
60%
26% 20%
28%
40%
56%
51%
47%
44%
20%
36%
0%
1Q17 2Q17 3Q17 4Q17 1Q18
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1Q18 Balance Sheet

2018年第一季資產負債表

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Balance Sheet	3/31/2018 12/31/2017
(NT$ million) Cash Equivalents Debt Inv with no active market Receivables Inventories Current Assets Long-term Investments PP&E Total Assets ST Loans Payables Current Liabilities LT Loans Total Liabilities Common Shares Total Shareholder's Equities	21,609 19,402 4,992 5,535 5,386 5,331 5,609 7,298 38,829 44,680 253 256 32,349 34,211 75,045 82,978 17,653 14,046 8,860 18,513 32,430 39,908 3,756 3,500 38,603 45,808 4,067 4,067 36,442 37,171
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	1.02 1.11 1.20 1.33 0.7% 7.3% Net Cash Net Cash

Note: PP&E includes prepayments.

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新聞稿

TPK 公告 2018 年第一季自結營運成果

中華民國，台灣，台北，2018 年 5 月 3 日 – TPK Holding Co., Ltd. 宸鴻科技（TWSE: 3673）（“宸鴻” 或 “本公司”）今日公告 2018 年第一季自結營運成果。本季自結稅後淨利為新台幣 6 仟 8 佰萬元，稅後稀釋每股淨利為新台幣 0.17 元。

營運成果分析

本公司第一季自結合併營收為新台幣 208.5 億元，較去年同期減少 2.6%，亦較上季減少 36.6%，主要係季節性因素及第一季工作天數較少所致。第一季營業毛利為新台幣 12.3 億元，與去年同期相當，惟較上季減少 44.3%。本季營業毛利率由上季 6.7%降至 5.9%，主要係因產能利用率下降所致。

在銷售成本結構方面，由於產品組合調整，使原料成本佔營收比重由上季 78.2%降為 76.1%；此外，因產能利用率下降，亦使折舊攤提費用佔營收比重由 2017 年第四季 5.6% 增加為 8.3%。本季人工成本佔營收比重維持約 6.5%，與前季相當，顯見公司於淡季時仍能有效地控管人工成本。

隨著營收減少，本公司第一季營業費用為新台幣 10.1 億元，較上季新台幣 14.9 億元減少 32.4%，除因銷售相關費用隨營收規模下降而減少外，還有前季因提列庫藏股轉讓員工認購及年度激勵獎金等費用使整體營業費用增加所致。本季淨利息費用約為新台幣 4,133 萬元，較前季新台幣 5,348 萬元減少。此外，第一季認列外匯損失約為新台幣 6,778 萬元，主要係因美金兌人民幣及台幣貶值所致。截至 2018 年 3 月 31 日止，本公司員工總人數為 22,317 人，較前一季底員工人數 26,177 人減少。

資本結構及資本支出

截至 2018 年 3 月 31 日止，本公司帳上現金餘額為新台幣 216.1 億元，較 2017 年第四季底新台幣 194.0 億元略增。本季底合計銀行借款餘額及可轉換公司債券餘額為新台幣 214.1 億元，其中約新台幣 60.6 億元之可轉換公司債已於 2018 年 4 月 8 日全數清償完畢。截至第一季季底公司擁有淨現金部位，流動比率及速動比率分別為 1.20 及 1.02。

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本公司第一季 EBITDA 為新台幣 22.5 億元。本季資本支出約為新台幣 6.2 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。

投資人關係聯絡人：

劉詩亮，策略長陳忠義，財務長

王凱論，財務處資深處長

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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1Q18 PROFIT & LOSS

1Q18 PROFIT & LOSS
Profit & Loss	QoQ 1Q17 YoY 1Q18 4Q17
(NT$ million) Revenues COGS Gross Profits Operating Expenses SG&A R&D Operating Profits Non-Op Inc/(Exp) Int Inc/(Exp) FX Gain/(Loss) Others Earnings Before Tax Income Tax Net Income (Parent) EPS (Parent) EBITDA	(36.6%) 21,415 (2.6%) (20,215) (44.3%) 1,200 2.6% (1,080) (877) (203) (68.9%) 120 85.5% 621 (235) (100) 955 (71.4%) 741 (67.0%) (122) 616 (88.9%) 1.78 (90.4%) 3,290 0.17 1.53 2,248 2,969 245 855 (179) (242) 68 591 (41) (53) (68) (64) 131 254 (247) (295) 223 718 22 137 1,231 2,209 (1,008) (1,491) (761) (1,195) (19,622) (30,664) 20,854 32,873
Margin: GM OM NM OpExp	5.6% 0.6% 2.9% (5.0%) 1.1% 2.2% 0.3% 1.8% (4.8%) (4.5%) 5.9% 6.7%

1Q18 BALANCE SHEET

1Q18 BALANCE SHEET
Balance Sheet	3/31/2018 12/31/2017
(NT$ million) Cash Equivalents Debt Inv with no active market Receivables Inventories Current Assets Long-term Investments PP&E Total Assets ST Loans Payables Current Liabilities LT Loans Total Liabilities Common Shares Total Shareholder's Equities	21,609 19,402 4,992 5,535 5,386 5,331 5,609 7,298 38,829 44,680 253 256 32,349 34,211 75,045 82,978 17,653 14,046 8,860 18,513 32,430 39,908 3,756 3,500 38,603 45,808 4,067 4,067 36,442 37,171
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	1.02 1.11 1.20 1.33 0.7% 7.3% Net Cash Net Cash

Note: PP&E includes prepayments.

AI assistant

TPK Interim / Quarterly Report 2018

52363_rns_2018-05-03_140d0bc6-87d2-4136-89c2-eb00debda66d.pdf

Disclaimer Statement

Disclosure Notice

公告原則

1Q18 Result Summary

2018年第一季營運簡報

1Q18 Profit & Loss

2018年第一季損益表

Quarterly Sales by Form Factors

季營收結構

1Q18 Balance Sheet

2018年第一季資產負債表

新聞稿

TPK 公告 2018 年第一季自結營運成果

營運成果分析

資本結構及資本支出

1Q18 PROFIT & LOSS

1Q18 BALANCE SHEET

AI assistant

TPK — Interim / Quarterly Report 2018

52363_rns_2018-05-03_140d0bc6-87d2-4136-89c2-eb00debda66d.pdf

Disclaimer Statement

Disclosure Notice

公告原則

1Q18 Result Summary

2018年第一季營運簡報

1Q18 Profit & Loss

2018年第一季損益表

Quarterly Sales by Form Factors

季營收結構

1Q18 Balance Sheet

2018年第一季資產負債表

新聞稿

TPK 公告 2018 年第一季自結營運成果

營運成果分析

資本結構及資本支出

1Q18 PROFIT & LOSS

1Q18 BALANCE SHEET

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TPK Interim / Quarterly Report 2018