UNIFLEX — Interim / Quarterly Report 2021

Dec 24, 2021

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2021.12.24

Disclaimer

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• Except for statements in respect of historical matters, the statements in this release are orwar f d - oo l ki ng s a emen s. uc t t t S h f orwar d - oo l ki ng s a emen s nvo ve nown an t t t i l k d unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Uniflex Technology Inc. to be materiall y different from what ma y be im p lied b y such forward-lookin g 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 - Inc . u u for w ard Technolog y ndertakes no obligation to pdate these forecasts and looking statements for events or circumstances that occur subsequent to such date.

• The statements in res p ect of historical matters ma y 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、SMT 、 Mini LED

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

• Taiwan Surface Mounting Technology Corp (11 10%)

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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

2009 Nov. 2009 Yangzhou plant (YUF) trial run completed and launched to MP

2015 Dec. 500mm (width) RTR launched to MP

2015 Dec. Uniflex was istel d on Taiwan Stock Exch ange 2018May. Obtained US customer certification (global cross‐border B2C e‐commerce) also be qualified as parts of supply chain.

2018 July. Yangzhou plant (YUF) and Taichung Donger plant (EUF) acquired IATF 16949:2016 revision certification

2019 Aug. Mini LED for BLU MP

2020 Feb. High reflectivity LBK certification and MP

2020 Aug. High frequency/high speed (LCP) FPC application (5G) Optical Products MP

Consolidated Sales & Gross Margin Trend

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Sales(NTD:Thousand dollars)
Sales GM
GM(%)
700,000 15%
585,309 566,193
477,993
600,000 507,059 524,490
10%
12%
11% 12%
10%
500,000 479,008 9%
5%
394,583
400,000
0%
1%
300,000
‐5%
200,000
‐10%
100,000
‐10%
‐
‐15%
Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21
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Consolidated Statements of Comprehensive Income – QoQ

Income – QoQ
			NTD:Thousand dollars Q3-2021 (Reviewed)
	Q2-2021 (Reviewed)
Sales revenue Operating costs Net operating margin	585,309 (512,856) 72,453	100 (88) 12	566,193 100 (3) (499,882) (88) (3) 66,311 12 (8)
Operating expenses Operating loss Total non-operating	(72,998) (545) (18,444)	(12) - (3)	(77,349) (14) 6 (11,038) (2) 1,925 (2,873) (1) (84)
i d ncome an expenses Loss before income tax Income tax expense Net loss	(18,989) (102) (19 091)	(3) - (3)	(13,911) (3) (27) (691) - 577 (14 602) (3) (24)
EPS(Basic)	, (0.12)		, (0.10)

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Consolidated Statements of Comprehensive Income – YoY

			NTD:Thousand dollars Q1~Q3-2021
	Q1~Q3-2020
Sales revenue Operating costs	1,380,650 100 (1,366,389) (99) (Reviewed)		1,675,992 100 21 (1,493,356) (89) 9 (Reviewed)
Net operating margin Operating expenses Operating loss	14,261 (205,685) (191,424)	1 (15) (14)	182,636 11 1,181 (222,551) (14) 8 (39,915) (3) (79)
Total non-operating income and expenses Loss before income tax	(816) (192,240)	- (14)	(19,665) (1) 2,310 (59,580) (4) (69)
Income tax expense Net loss	(2 935) , (195,175)	- (14)	(3 904) 33 , - (63,484) (4) (67)
EPS(Basic)	(1 55) .		(0 41) .

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Consolidated Balance Sheets

Consolidated Balance Sheets
	NTD:Thousand dollars Q3-2021
Cash and cash equivalents	137,249 6 (Reviewed)
	(Reviewed)
	137,249
Accounts receivable, net Inventory Property plant and equipment	989,736 179,393 779990	44 8 35
, Other current and non-current assets Total Assets	, 164,691 2,251,059	7 100
C t Li biliti urren a es Long-term Liabilities Other non-current liabilities	1 102 250 , ,	49 12 -
	272,302 7,745
Total liabilities Total equity	1,382,297 868,762	61 39
T t l li biliti d it o a a es an equ y	2 251 059 , ,	100

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Consolidated Statements Of Cash Flows

		NTD:Thousand dollars Q1~Q3-2021	NTD:Thousand dollars Q1~Q3-2021
		NTD:Thousand dollars
		d (Reviewe ) (59,580) 193,847
	Loss before income tax	(59,580)
	Depreciation and amortisation	193,847
	Others Net cash flows from operating activities	(112,005)
		22,262
	Property, plant and equipment Others Net cash flows used in investing activities	1,808 (9,088)
		(7,280)
	Increase in long-term and short-term borrowings Payments to acquire treasury shares	(68,573) (3,481)
	Net cash flows from financing activities Effect of foreign exchange translations Net decrease in cash and cash equivalents	(72,054)
		(16,381)
		(73,453)
	Cash and cash equivalents at beginning of year Cash and cash equivalents at end ofyear	210,702
		137,249

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Sales Breakdown by Application

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100%
80%
60%
40%
20%
0%
2020Q1‐Q4 2021Q1 2021Q2 2021Q3 2021Q4(F) 2021Q1‐Q4(F)
Light Bar & LBK 64% 58% 63% 65% 65% 63%
LCD & OLED module 12% 14% 14% 14% 21% 15%
Automotive 10% 15% 12% 10% 7% 12%
TV‐link 4% 8% 7% 7% 5% 7%
Consumer & Others 4% 3% 2% 2% 2% 2%
Substrate 6% 1% 2% 1% 0% 1%
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Q & A

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THANK YOU

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