Tripod — Interim / Quarterly Report 2016

May 9, 2016

Presentation

May 2016

Worldwide PCB Production Value Forecast

2014 2015E 2016F

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2014
25,000
(USD Millions) 2015E
2016F
21,023
20,000
15,000
12,013
20,689
10,000
7,945 8,114
6,665
11,798
5,000
7,905 8,011
6,922
8,242 21,833 8,288 7,598 11,476
‐
Commodity Multilayer HDI Substrate FPC
2015E/2014 ‐4.1% ‐5.2% ‐3.3% ‐8.9% 2.8%
2016F/2015E 0.5% 1.6% 1.3% ‐3.7% 1.8%
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* Source : Prismark (Feb. 2016)

2015 Global Top 15 PCB Makers

Unit: Million USD

Rank	Makers	Nationality	2010	2011	2012	2013		2014	2015	Growth
1 Nippon Mektron 2 Zhen Ding (Foxconn PCB) 3 TTM (with Viasystems) 4 Unimicron (with PPT) 5* Sumitomo Electric		Japan 2115(3) 2240(3) 2632(1) 2556(1) Taiwan 1100(10) 1505(5) 1874(5) 2166(3) USA 2428(1) 2563(1) 2430(2) 2380(2) Taiwan 2185(2) 2370(2) 2377(3) 2133(5) Japan 660(20) 880(14) 1184(9) 1315(9)					2997(1) 3512(1) 2504(2) 2703(2) 2376(3) 2488(3) 2149(4) 2122(4) 1279(9) 1616(5)			17.2% 7.9% 4.7% -1.3% 26.3%
6 Compeq		Taiwan 695(19) 811(18) 905(14) 1041(12)					1116(11) 1395(6)			25.0%
7 Tripod		Taiwan 1370(5) 1395(7) 1325(8) 1372(8)					1400(8) 1368(7)			-2.3%
8 Samsung Electro-Mech 9 Ibiden 10 YoungPoong (with KCC,Interflex*)		S. Korea 1250(6) 1445(6) 1867(6) 1700(6) Japan 2075(4) 2126(4) 2094(4) 1567(7) S. Korea 980(11) 1255(10) 1555(7) 2065(4)					1551(6) 1344(8) 1455(7) 1297(9) 1675(5) 1295(10)			-13.3% -10.9% -22.7%
11 Nanya PCB 12 Daeduck Group 13 KB PCB Group (Elec&Eltek..) 14 AT&S 15 Hannstar Board(with GBM)		Taiwan 1140(8) 1290(9) 975(12) 1088(11) S. Korea 765(18) 970(12) 1080(11) 1190(10) HongKong 1115(9) 1040(11) 935(13) 922(14) Austria 625(21) 690(21) 698(20) 780(16) Taiwan 1150 (7) 1290(9) 1100(10) 972(13)					1154(10) 945(11) 1076(12) 930(12) 965(13) 930(13) 829(15) 844(14) 958(14) 825(15)			-18.1% -13.6% -3.6% 1.8% -13.9%
Top15 PCB Makers		19653 21870 23031 23247					23484 23614			0.1%

• FPC Makers Include FPCBA Value

Source : Prismark ( Feb. 2016 )

** On a Pro Forma Basis, TTM Acquired Viasystems in 2015

Consolidated Quarterly Income Statement

Unit : Million NTD Pretax Income Dep.& Amort. Basic EPS Income Tax Net Sales Net Income COGS Gross Profit Operating Exp. Operating Income Non-Op. Income the Parent Attributable to: Other Expense	AMT % 9,993 100.0% 8,560 85.7% 1,433 14.3% 973 9.7% 0 0.0% 459 4.6% 170 1.7% 630 6.3% 92 0.9% 538 5.4% 538 5.4% $1.02 743 7.4% 2015 Q1	AMT % 10,233 100.0% 8,747 85.5% 1,486 14.5% 976 9.5% 0 0.0% 510 5.0% 224 2.2% 734 7.2% 212 2.1% 522 5.1% 522 5.1% $0.99 772 7.5% 2015 Q2	AMT % 11,944 100.0% 9,920 83.1% 2,024 16.9% 1,023 8.6% 0 0.0% 1,001 8.4% 181 1.5% 1,182 9.9% 233 1.9% 949 7.9% 949 7.9% $1.81 791 6.6% 2015 Q3	AMT % 11,212 100.0% 9,362 83.5% 1,850 16.5% 961 8.6% 0 0.0% 890 7.9% 96 0.9% 986 8.8% 161 1.4% 824 7.4% 824 7.4% $1.57 773 6.9% 2015 Q4	2016 Q1	2016 Q1
	AMT 9,993 8,560 1,433 973 0 459 170 630 92 538	AMT 10,233 8,747 1,486 976 0 510 224 734 212 522	AMT 11,944 9,920 2,024 1,023 0 1,001 181 1,182 233 949	AMT 11,212 9,362 1,850 961 0 890 96 986 161 824	AMT 9,945 8,438 1,507 888 0 619 165 784 114 670	%
						100.0% 84.8%
						15.2% 8.9% 0.0%
						6.2% 1.7%
						7.9% 1.1%
						6.7%
	538 $1.02	522 $0.99	949 $1.81	824 $1.57	670 $1.28	6.7%
	743	772	791	773	757	7.6%

Consolidated Annual Income Statement

Unit : Million NTD Income Tax Operating Exp. Basic EPS the Parent Dep.& Amort. Net Income Other Expense Operating Income Pretax Income Non-Op. Income Net Sales Attributable to: COGS Gross Profit	AMT % 40,899 100.0% 32,826 80.3% 8,072 19.7% 3,419 8.4% 0 0.0% 4,653 11.4% 385 0.9% 5,038 12.3% 818 2.0% 4,220 10.3% 4,205 10.3% $8.00 3,784 9.3% 2011 (GAAP)	AMT % 39,121 100.0% 32,498 83.1% 6,622 16.9% 3,192 8.2% 86 0.2% 3,345 8.6% 372 1.0% 3,717 9.5% 822 2.1% 2,895 7.4% 2,917 7.5% $5.55 3,728 9.5% 2012 (IFRS)	AMT % 40,772 100.0% 34,869 85.5% 5,903 14.5% 3,025 7.4% 331 0.8% 2,546 6.2% 345 0.8% 2,892 7.1% 525 1.3% 2,367 5.8% 2,375 5.8% $4.52 3,638 8.9% 2013 (IFRS)	AMT % 42,433 100.0% 35,771 84.3% 6,662 15.7% 3,960 9.3% 129 0.3% 2,573 6.1% 667 1.6% 3,240 7.6% 584 1.4% 2,656 6.3% 2,637 6.2% $5.02 2,816 6.6% 2014 (IFRS)	2015 (IFRS)	2015 (IFRS)
	AMT 40,899 32,826 8,072 3,419 0 4,653 385 5,038 818 4,220	AMT 39,121 32,498 6,622 3,192 86 3,345 372 3,717 822 2,895	AMT 40,772 34,869 5,903 3,025 331 2,546 345 2,892 525 2,367	AMT 42,433 35,771 6,662 3,960 129 2,573 667 3,240 584 2,656	AMT 43,383 36,589 6,793 3,933 0 2,860 671 3,531 698 2,833	%
						100.0% 84.3%
						15.7% 9.1% 0.0%
						6.6% 1.5%
						8.1% 1.6%
						6.5%
	4,205 $8.00	2,917 $5.55	2,375 $4.52	2,637 $5.02	2,833 $5.39	6.5%
	3,784	3,728	3,638	2,816	3,080	7.1%

Cash and Cash Equivalents Other Current Assets Funds and Investments Fixed Assets Intangible and Other Assets Total Assets Short-Term Loans Other Current Liabilities Long-Term Borrowings Other Liabilities Shareholder's Equities Total Liabilities and Equities Unit: Million NTD	AMT % 13,353 27.2% 17,748 36.1% 17 0.0% 15,898 32.3% 2,140 4.4% 49,155 100.0% 9,980 20.3% 12,107 24.6% 0 0.0% 891 1.8% 26,177 53.3% 49,155 100.0% 2013(IFRS)	AMT % 13,353 27.2% 17,748 36.1% 17 0.0% 15,898 32.3% 2,140 4.4% 49,155 100.0% 9,980 20.3% 12,107 24.6% 0 0.0% 891 1.8% 26,177 53.3% 49,155 100.0% 2013(IFRS)	AMT % 21,501 36.4% 19,047 32.2% 0 0.0% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 0 0.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014(IFRS)	AMT % 21,501 36.4% 19,047 32.2% 0 0.0% 15,992 27.1% 2,529 4.3% 59,068 100.0% 15,236 25.8% 14,154 24.0% 0 0.0% 1,285 2.2% 28,393 48.1% 59,068 100.0% 2014(IFRS)	AMT % 22,031 37.9% 17,832 30.7% 0 0.0% 15,749 27.1% 2,495 4.3% 58,107 100.0% 15,250 26.2% 12,882 22.2% 0 0.0% 1,301 2.2% 28,675 49.3% 58,107 100.0% 2015 1Q(IFRS)	AMT % 22,031 37.9% 17,832 30.7% 0 0.0% 15,749 27.1% 2,495 4.3% 58,107 100.0% 15,250 26.2% 12,882 22.2% 0 0.0% 1,301 2.2% 28,675 49.3% 58,107 100.0% 2015 1Q(IFRS)	AMT % 27,258 43.6% 18,312 29.3% 0 0.0% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 0 0.0% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015(IFRS)	AMT % 27,258 43.6% 18,312 29.3% 0 0.0% 14,418 23.1% 2,537 4.1% 62,525 100.0% 17,740 28.4% 13,347 21.3% 0 0.0% 1,670 2.7% 29,768 47.6% 62,525 100.0% 2015(IFRS)	2016 1Q(IFRS)	2016 1Q(IFRS)
	AMT 13,353 17,748 17 15,898 2,140 49,155 9,980 12,107 0 891 26,177 49,155		AMT 21,501 19,047 0 15,992 2,529 59,068 15,236 14,154 0 1,285 28,393 59,068		AMT 22,031 17,832 0 15,749 2,495 58,107 15,250 12,882 0 1,301 28,675 58,107		AMT 27,258 18,312 0 14,418 2,537 62,525 17,740 13,347 0 1,670 29,768 62,525		AMT 26,485 16,639 0 13,722 2,559 59,405 15,105 12,651 0 1,677 29,971 59,405	%
										44.6% 28.0% 0.0% 23.1% 4.3%
										100.0%
										25.4% 21.3% 0.0% 2.8% 50.5%
										100.0%
Asset Turnover (x) Fixed Asset Turnover (x) ROA (%) ROE (%) Current Ratio (%) Debt / Asset Ratio (%) Net Debt / Equity Ratio (%) Book Value Per Share(NT$)	0.86 2.47 5.0% 9.4% 141% 47% -13% 49.8		0.78 2.66 4.9% 9.7% 138% 52% -22% 54.0		0.68 2.52 3.7% 7.5% 142% 51% -24% 54.6		0.71 2.85 4.7% 9.7% 147% 52% -32% 56.6		0.65 2.83 4.4% 9.0% 155% 50% -38% 57.0

Unit: Million NTD Net Income Depreciation & Amortization Others Cash Flow from Operations Acquisition of Fixed Assets Decrease (Increase) in Investments Others Cash Flow from Investments Increase (Decrease) in Loans Cash Dividends Paid Others Cash Flow from Financing Foreign Exchange Translation Increase (Decrease) in Cash Cash at the End of the Year*	2012 (IFRS*) 3,717 3,728 -3,157 4,288 -5,755 -28 -75 -5,858 2,662 -1,892 -15 754 -258 -1,074 10,114	2013 (IFRS*) 2,892 3,638 -2,321 4,208 -2,169 0 -47 -2,217 2,213 -1,314 36 935 313 3,239 13,353	2014 (IFRS*) 3,240 2,816 106 6,162 -2,500 255 -107 -2,353 4,624 -1,183 -9 3,432 907 8,148 21,501	2015 (IFRS*) 3,531 3,080 496 7,106 -2,299 0 71 -2,228 2,048 -1,445 -21 582 298 5,757 27,258	2015 Q1 (IFRS*) 630 743 202 1,575 -890 0 4 -886 148 0 -17 131 -290 530 22,031	2016 Q1 (IFRS*)
						784 757 943
						2,484
						-236 0 153
						-83
						-2,462 0 0
						-2,462
						-711 -773
						26,485

• Started to Adopt IFRS Since 2013 and Net Income Changed to Before Income Tax Basis