TPK — Interim / Quarterly Report 2021

Oct 29, 2021

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TPK Proprietary & Copyright © All Rights Reserved

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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3Q21 Result Summary 2021年第三季營運簡報

NT$	Revenues	Net Profits	EPS
3Q21	25.2 bn	279 mn	0.69

• Q3 revenue increase 2.4% QoQ driven by new product introduction & volume increase of small form factor product

• Flattish NB and large-sized tablets revenue result from component supply shortage

• OPEX rate increase from 3.2% to 3.5% owing to slightly higher shipping cost and new product sampling cost

• 3Q21 EBIDA amounted to NT$1.8 billion with net cash of NT$7.2 billion

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Financials

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3Q21 Profit & Loss

2021年第三季損益表

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Profit & Loss	QoQ 3Q20 YoY 3Q21 2Q21
(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	2.4% 32,852 (23.4%) (31,559) 7.2% 1,294 (19.2%) (1,058) (866) (192) (15.4%) 235 (34.9%) 320 44 66 209 555 (113) 443 1.09 2,239 0.69 0.79 1,777 1,848 455 342 (150) (11) 279 322 (9) (6) 40 36 271 131 (170) (169) 153 181 301 161 1,045 975 (892) (793) (722) (624) (24,126) (23,613) 25,171 24,588
Margin: GM OM NM OpExp	3.9% 0.7% 1.3% (3.2%) 0.6% 0.7% 1.1% 1.3% (3.5%) (3.2%) 4.2% 4.0%

Note: 3Q21Fully Diluted Weighted Average: 407 million shares

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Quarterly Sales by Form Factors 季營收結構

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3Q21 Balance Sheet 2021年第三季資產負債表

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Balance Sheet	2021/9/30 2021/6/30 2020/9/30
(NT$ million) Cash Equivalents Risk-Free Banking Financial Product Receivables Other Receivables Inventories Current Assets PP&E Total Assets ST Loans Payables Current Liabilities LT Loans Total Liabilities Common Shares Retained Earnings Total Shareholder's Equities	30,659 28,635 27,773 3,900 5,265 4,943 10,709 10,452 12,148 3,786 3,376 7,572 9,707 8,671 6,752 60,975 59,155 59,982 19,407 20,213 24,032 87,683 86,675 90,711 17,656 14,616 18,365 12,425 12,402 14,165 35,839 33,307 39,234 9,704 10,547 9,181 52,373 50,749 54,567 4,067 4,067 4,067 4,407 4,535 3,349 35,311 35,926 36,144
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	1.43 1.52 1.36 1.70 1.78 1.53 3.5% 3.7% 2.9% Net Cash Net Cash Net Cash

Note: PP&E includes prepayments.

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新聞稿

TPK 公告 2021 年第三季自結營運成果

中華民國，台灣，台北，2021 年 10 月 29 日 – TPK Holding Co., Ltd. 宸鴻科技（TWSE: 3673）（“宸鴻” 或 “本公司”）今日公告 2021 年第三季自結營運成果。本季自結合併營 收為新台幣 251.7 億元，歸屬於母公司之稅後淨利為新台幣 2.8 億元，稅後稀釋每股淨 利為新台幣 0.69 元。2021 年 1-9 月合計歸屬於母公司之稅後淨利約新台幣 9.5 億元， 稅後稀釋每股淨利累計達新台幣 2.34 元。

營運成果分析

本公司第三季自結合併營收為新台幣 251.7 億元，在面對市場供應鏈缺料等問題下，整 體營收仍較前季成長 2.4%。其中，手機產品雖逢新舊世代轉換期，但公司第三季整體 小尺寸（＜7 吋）產品營收較前季增加 11.7%，而平板電腦（7-11 吋）、筆記型電腦及 大尺寸平板電腦（11-16 吋）產品則因受到供應鏈問題影響，營收僅維持與上季相當。 本季營收比重以筆電及大尺寸平板電腦（11-16 吋）產品佔比最高，達 48%，平板電腦 （7-11 吋）產品佔比次高為 27%。第三季雖產品組合不佳，惟毛利率仍自第二季 4.0% 略增為 4.2%，營業毛利達新台幣 10.5 億元，季成長 7.2%。

在銷貨成本方面，本季原料成本為新台幣 209.5 億元，因原料成本佔比較高之智慧型手 機產品出貨比重略增，使公司整體原料成本佔營收比重由上季 83.0%增加為 83.2%；第 三季人工成本為新台幣 16.6 億元，佔營收比重自第二季 6.0%增加至 6.6%。然而．本 季折舊攤銷費用為新台幣 10.5 億元，係 2013 年以來新低，佔營收比重由 5.0%降為 4.2%。第三季營業費用為新台幣 8.9 億元，佔營收 3.5%，較前季 7.9 億元增加，主要 係因新產品打樣成本增加及運輸成本略增所致。本季營業利益為新台幣 1.5 億元，營業 利益率達 0.6%。

本公司第三季淨利息費用約新台幣 920 萬元且外匯淨收益約新台幣 4,000 萬元，主要係 因有效現金管理及匯率避險與無風險套利操作。本季歸屬於母公司稅後淨利為新台幣 2.8 億元，每股稅後淨利為新台幣 0.69 元。

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資本結構及資本支出

截至 2021 年 9 月 30 日止，帳上現金及按攤銷後成本衡量之金融資產合計為新台幣 345.6 億元，較上季底新台幣 339.0 億元增加，同時銀行總借款由上季底新台幣 251.6 億元增加為新台幣 273.6 億元。本公司第三季底存貨約為新台幣 97.1 億元，較第二季 新台幣 86.7 億元增加，主要係受到供應鏈下游出貨不順暢影響。本季資本支出約新台 幣 2.2 億元。2021 年第三季 EBITDA 約為新台幣 17.8 億元，1-9 月 EBITDA 累計達新 台幣 54.9 億元。截至 2021 年 9 月底，本公司呈現淨現金部位。

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 蔡佩卿，財務長 王凱論，財務處資深處長

Tel: +886.2.7727.1196 ir@tpk.com

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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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3Q21 PROFIT & LOSS

Profit & Loss	QoQ 3Q20 YoY 3Q21 2Q21
(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	2.4% 32,852 (23.4%) (31,559) 7.2% 1,294 (19.2%) (1,058) (866) (192) (15.4%) 235 (34.9%) 320 44 66 209 555 (113) 443 1.09 2,239 0.69 0.79 1,777 1,848 455 342 (150) (11) 279 322 (9) (6) 40 36 271 131 (170) (169) 153 181 301 161 1,045 975 (892) (793) (722) (624) (24,126) (23,613) 25,171 24,588
Margin: GM OM NM OpExp	3.9% 0.7% 1.3% (3.2%) 0.6% 0.7% 1.1% 1.3% (3.5%) (3.2%) 4.2% 4.0%

Note: 3Q21Fully Diluted Weighted Average: 407 million shares

3Q21 BALANCE SHEET

3Q21 BALANCE SHEET
Balance Sheet	2021/9/30 2021/6/30 2020/9/30
(NT$ million) Cash Equivalents Risk-Free Banking Financial Product Receivables Other Receivables Inventories Current Assets PP&E Total Assets ST Loans Payables Current Liabilities LT Loans Total Liabilities Common Shares Retained Earnings Total Shareholder's Equities	30,659 28,635 27,773 3,900 5,265 4,943 10,709 10,452 12,148 3,786 3,376 7,572 9,707 8,671 6,752 60,975 59,155 59,982 19,407 20,213 24,032 87,683 86,675 90,711 17,656 14,616 18,365 12,425 12,402 14,165 35,839 33,307 39,234 9,704 10,547 9,181 52,373 50,749 54,567 4,067 4,067 4,067 4,407 4,535 3,349 35,311 35,926 36,144
Ratio Analysis: Quick Ratio Current Ratio ROE (YTD Annualized) Net Debt to Equity	1.43 1.52 1.36 1.70 1.78 1.53 3.5% 3.7% 2.9% Net Cash Net Cash Net Cash

Note: PP&E includes prepayments.

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