YFY — Interim / Quarterly Report 2021

May 14, 2021

YFY

1Q21 Earnings Results

2021/05/14

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.

1Q21 Financial Results

(NTD $M ) 1Q21 Q/Q	1Q20	Y/Y
Sales 21,314 +1.9%	16,192	+31.6%
Gross Profit 5,314 +13.7%	3,194	+66.4%
Operating Profit 2,739 +40.6%	916	+198.8%
Profit Attributable to O 1 558 +42.7% wners ,	635	+145.3%
EPS (NTD) 0.94	0.38
OP Margin 12.8% 3.5%	5.7%	7.2%
Net Profit Margin 7.3% 2.1%	3.9%	3.4%

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None-Operating Income/Expenses

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||||
|---|---|---|
|(NTD $M)|1Q21|1Q20|
|-|-|
|Financial Costs|131|197|
|Interest Income|27|43|
|Share of Profit of Associates|220|108|
|FX Gains/Losses|-102|-26|
|Other Income|117|80|
|Total|131|8|

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Segment Information

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

(1.) Pulp and Fine Paper Business Groups

Including cardboard, paper and pulp and related products.

(2.) Containerboard and Packaging Business Groups

Including industrial cardboard containers, colored cases and food containers. (3.) Consumer Product Business Groups

H ouse h o ld pro d uc s nc u t i l di ng ssue paper, nap ti ki ns, e ers ves an d t i d cosme ti cs (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

(NTD $ M)

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21,313
2,793 13%
16,192
2,231 10%
2 , 109 13% 2,584 12%
861 5%
2,615 16%
9,240 43%
6,710 41%
3,897 24% 4,465 21%
1Q20 1Q21
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Realized Investment Income to Increase Profitability

NT$ M	1Q21	1Q21	Y/Y
	Operating profits	Share of profit of associates
Forest, Pulp & Paper	112	-	-
Containerboard & Packaging	794	-	+63.5%
Consumer Products	433	-	+17 9% .
Specialty Materials	1,336	-	+762.9%
Others	64	-	+42.8%
Other Investments Eink, Bio-Medical and Others	-	220	+104.4%
Total	2,739	220

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Total Pa er Ca acit p p y

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Capacity Unit
1. Forest, Pulp & Paper 970,000 MT
Taiwan (Paper & Paperboard) 550,000 MT
Taiwan (Pulp) 265,000 MT
China (Pulp) 115,000 MT
China (Household Paper) 40,000 MT
2. Containerboard and Packaging
Containerboard 1,690,000 MT
Taiwan 750,000 MT
China 940,000 MT
Packaging 2,036,000 Km [2]
Taiwan 518,000 Km [2]
China 900,000 Km [2]
Vietnam 618,000 Km [2]
Folding Carton 198,198,000 Pcs
3. Consumer Products 199,000 MT
Taiwan 107,000 MT
China 92,000 MT
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Thank you

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