YFY — Interim / Quarterly Report 2021

Aug 13, 2021

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YFY

2Q21 Earnings Results

2021/08/13

Disclaimer

This presentation is prepared according to the reviewed financial statements by CPA and the financial numbers hereby are based on IFRS, please refer to the published financial statements for full content.

The presentation may contain forward-looking information and may differ materially from the actual results. YFY does not warranty as to the accuracy or completeness of such information and nor assume any undertaking further information becomes available or in light of changing circumstances. You shall not place undue reliance on any forward-looking information.

The presentation and its contents may not be reproduced to a third party without the prior written consent of YFY.

2Q21 Financial Results

		Q/Q Y/Y 1H21 Y/Y +5.8% +30.0% 43,865+30.8% +8.1% +74.9% 11,060+70.7% +15.5% +156.5% 5,902+174.5% +8.9% +33.9% 3,254+71.1% 1.96 1.2% 6.9% 13.5% 7.0%
(NTD $M )	2Q21
Sales Gross Profit Operating Profit Profit Attributable to Owners	22,550 5,746 3,164 1,696
EPS (NTD)	1.02
OP Margin	14.0%

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None-Operating Income/Expenses

(NTD $M)	2Q21	1H21
Financial Costs	- 131	- 262
Interest Income	27	55
Share of Profit of Associates	333	553
FX Gains/Losses	-67	-170
Dividend Income	36	36
Other Income	175	292
Total	373	504

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Segment Information

The YFY Group classifies its products and services into five segments in accordance with the business characteristics, as follows：

(1.) Forest, Pulp and Fine Paper Business Groups

Including pulp, cultural papers, packaging paper, specialty paper and cardboard.

(2.) Containerboard and Packaging Business Groups

Including industrial cardboard containers, colored cases and food containers. (3.) Consumer Product Business Groups Household products including tissue paper, napkins, detersives and cosmetics

• (4.) Specialty Materials Business Group Products of Specialty materials.

(5.) Others Business

Products other than paper including RFID, packaging designs and other services.

(The performance of segments is measured at operating profits of the business. Revenue and profit between segments have been adjusted; these adjustments include the elimination of intra-segment transactions to reconcile the segment information with that reported for the Group as a whole.

Revenue Trend By Operating Segments

Others Specialty Materials Consumer Products Containerboard & Packaing Forest, Pulp & Paper Y/Y (NTD: $M)

22,550

2,958 13% +29.7% 17,346 2,695 12% +162.3% 2,281 13% 2,425 11% 1,027 6% +1.5% 2,390 14% 9,776 43% +22.4% 7,988 46% 21% 4,696 21% +28.3% 3,660

Others Specialty Materials Consumer Products Containerboard & Packaing Forest, Pulp & Paper Y/Y

43,865 5,753 13% +31.0% 33,538 4,926 11%+160.9% 4,390 13% 5,009 11% +0.1% 1,888 6% 5,004 15% 19,016 43% +29.4% 14,699 44% 21% +21.2% 22% 9,161 7,557 1H20 1H21

2Q20

2Q21

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Realized Investment Income to Increase Profitability

NT$ M	2Q21	2Q21	2Q21	2Q21	1H21	1H21	1H21	1H21
	Operating profits	Share of profit of associates	Dividend Income	Y/Y	Operating profits	Share of profit of associates	Dividend Income	Y/Y
Forest, Pulp & Paper	461	-	-	-	573	-	-	-
Containerboard & Packaging	722	-	-	106.6%	1,516	-	-	81.5%
Consumer Products	349	-	-	-23.0%	783	-	-	-4.7%
Specialty Materials	1,597	-	-	298.4%	2,933	-	-	427.8%
Others	35			-	97			-
Other Investments
Eink, Bio-Medical and Others		333	36			553	36
Total	3,164	333	36		5,902	553	36

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Thank you