UNIFLEX — Interim / Quarterly Report 2020

Dec 25, 2020

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2020.12.25

Disclaimer

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• Except for statements in respect of historical matters, the statements in this release are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Uniflex Technology Inc. to be materially different from what may be implied by such forward-looking statements.

• The financial forecasts and forward-looking statements in this release reflect the current belief of Uniflex Technology Inc. as of the date of this release and Uniflex Technology Inc. undertakes no obligation to update these forecasts and forwardlooking statements for events or circumstances that occur subsequent to such date. 

• The statements in respect of historical matters may contain unaudited information, which may have certain deficiency or weakness so as not to fairly present financial condition or the result of operations of Uniflex Technology Inc.

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Company Profile

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• Established: 1990.11.19

• IPO: 2015.12.15

• Capital：NTD 1,561,448,250

• Chairman ： TJ Tseng

• ：

• General Manager Richard Tseng

• Main products ：FPC、 Substrate、SMT

• Main Shareholder： Unimicron Technology Corp. and Hsin Yang Investment Corp.( 26.19%)

Taiwan Surface Mounting Technology Corp.(11.10%)

• Employee：1,500

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Milestone

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1997 Oct. ISO-9001 certified 2005 Dec. ISO-14001/OHSAS18001 certified 2007 Aug. TS-16949 certified 2008 Dec. SONY GP certified 2009 Nov. Yangzhou plant (YUF) launched to MP 2010 Feb. IECQ QC080000 certified 2015 Dec. Taichung Donger plant (EUF) launched to MP 2015 Dec. Listed on Taiwan Stock Exchange 2016 July IC substrate trial run completed and launched MP in Sept. 2017 Jun. Taichung plant acquired ESD S20.20 revision certification 2017 Dec. Become a qualified supplier for Korea customers, become to worldwide top class FPC manufacturer. 2018 July Taichung plant and Yangzhou plant acquired IATF 16949:2016 revision certification 2019 Aug. Mini LED FPC MP 2020 Jan. High reflectivity L/B certification and MP 2020 Dec. Taichung plant acquired ISO 45001 revision certification

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Quality Certificates

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ISO 9001 IATF 16949 ISO 14001 OHSAS 18001
IECQ QC080000 ESD S20 。 20 SONY UL
Green Partner
No。：FC011074
(SONY uses
certification notice
instead of certificate
)
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Consolidated Sales & Gross Margin Trend

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Sales(NTD:Thousand dollars)

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Sales GM
GM(%)
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700,000 15%
631,119
507,059
569,416
600,000
547,646 10%
531,428
479,008
500,000 10%
8% 5%
394,583
400,000 6%
0%
300,000 1%
-5%
200,000
-4%
-10%
100,000
-10%
-11%
- -15%
Q1'19 Q2'19 Q3'19 Q4'19 Q1'20 Q2'20 Q3'20
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Consolidated Statements of Comprehensive Income – QoQ

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			NTD:Thousand dollars Q3-2020 % QoQ % 507,059 100 6 (458,535) (90) (3) 48,524 10 771 (70,177) (14) 4 (21,653) (4) (65) 11,811 2 (174) (9,842) (2) (87) (1,409) - 11 (11,251) (2) (86) (0.09) (Reviewed)
	Q2-2020	%	Q3-2020
Sales revenue Operating costs Net operating margin Operating expenses Operating loss Total non-operating income and expenses Loss before income tax Income tax expense Net loss EPS(Basic)	479,008 100 (473,436) (99) 5,572 1 (67,187) (14) (61,615) (13) (15,935) (3) (77,550) (16) (1,270) - (78,820) (16) (0.63) (Reviewed)

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Consolidated Statements of Comprehensive Income – YoY

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			NTD:Thousand dollars Q1~Q3-2020 % YoY % 1,380,650 100 (19) (1,366,389) (99) (23) 14,261 1 (127) (205,685) (15) (29) (191,424) (14) (44) (816) - (127) (192,240) (14) (44) (2,935) - (142) (195,175) (14) (41) (1.55) (Reviewed)
	Q1~Q3-2019	%	Q1~Q3-2020
	(Reviewed)
Sales revenue Operating costs Net operating margin Operating expenses Operating loss Total non-operating income and expenses Loss before income tax Income tax benefits (expense) Net loss EPS(Basic)	1,710,193 (1,763,891) (53,698) (289,769) (343,467) 3,022 (340,445) 6,963 (333,482) (3.58)	100 (103) (3) (17) (20) - (20) 1 (19)	1,380,650 100 (1,366,389) (99) 14,261 1 (205,685) (15) (191,424) (14) (816) - (192,240) (14) (2,935) - (195,175) (14) (1.55)

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Consolidated Balance Sheets

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	NTD:Thousan	d dollars
	Q3-2019 (Reviewed	%
		)
Cash and cash equivalents 122,450 Accounts receivable, net 862,440 Inventory 152,541 Financial assets 77,639 Property, plant and equipment 1,036,618 Other current and non-current asset 179,323 Total Assets 2,431,011		5 35 6 - 43 11
		100
Current Liabilities	1,613,568	66
Long-term Liabilities Other non-current liabilities Total liabilities Total equity Total liabilities and equity	155,745 10,415 1,779,728 651,283 2,431,011	6 -
		73
		27
		100

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Consolidated Statements Of Cash Flows

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nsolidated Statements Of Cash	Flows
NT	D:Thousand dollars Q1~Q3-2020
	(Reviewed)
Loss before income tax	(192,240)
Depreciation and amortisation Others Net cash flows from operating activities Property, plant and equipment Others Net cash flows used in investing activities Increase in long-term and short-term borrowings Payments to acquire treasury shares Net cash flows from financing activities Effect of foreign exchange translations Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	233,704 19,970
	61,434
	(22,196) (72,386)
	(94,582)
	32,255 (3,589)
	28,666
	(3,566)
	(8,048) 130,498
	122,450

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Sales Breakdown by Application

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100%
80%
60%
40%
20%
0%
2020Q1-
2019Q1-Q4 2020Q1 2020Q2 2020Q3 2020Q4(F)
Q4(F)
Light Bar & LBK 48% 57% 64% 70% 64% 64%
LCD & OLED module 10% 15% 12% 9% 11% 12%
Automotive 12% 12% 7% 10% 12% 10%
TV-link 0% 2% 3% 4% 8% 4%
Consumer & Others 25% 3% 3% 3% 4% 4%
Substrate 5% 11% 11% 4% 1% 6%
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Core Competence

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• Strong management

• team

• Robust staff training

• Safe environment

Resources

Capability

• RTR-FPC production

• • Multi-layer FPC production

• Long FPC production

• • Import of RTR CVL laser

• cutting machine

• Ultra-thin materials

• Factories in both China

• and Taiwan

• Stable quality and

• competitive price

• Quality Awareness

Competitive Keep Advantage Innovating

• Fine-line process

• • 5G /High speed materials

• High reflectivity L/B

• • High thermal

• conductivity technology • Mini LED product

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Q & A

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THANK YOU

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