tpk 1q12 result summary

7/31/2019 TPK 1Q12 Result Summary

1/17

991028

TPK Holding Co., Ltd.

101

2012425


2/17

Disclaimer Statement

This presentation and release may contain forward-looking statements which may include

projections on future results of operations, financial condition and business prospects based on

our own information and other sources.

The actual results of operations, financial condition and business prospects may differ from thoseexplicitly or implicitly indicated in those forward-looking statements for a variety of reasons,

including but not limited to market demand, price fluctuations, competition, supply chain issues,

global economic conditions, exchange rate fluctuation and other risks and factors beyond TPKs

controls.

The forward-looking statements in this presentation, if any, only reflect the current view of TPK

Holding Co., Ltd. as of the date of its release. TPK undertakes no obligation to update those

forward-looking statements for events or circumstances that occur subsequently.

1


3/17

Disclosure Notice ()

Financial numbers in this presentation are based on the

Statement of Financial Accounting Standard No. 7

All financial numbers are unaudited

2


4/17

1Q12 Result Summary ()

3

Q1 performance in line with original expectation

Revenue of NT$40,476 mn, up 59.8% YoY and down 11.0% QoQ

OM of 8.9%, up from 8.3% in 4Q11

Net profits of NT$2,624 mn, up 6.3% YoY and up 71.1% QoQ

EPS of NT$10.71, up from NT$10.17 in 1Q11 and NT$5.97 in 4Q11

LFF CG capacity ramped up on schedule: 1 mn output in March

TOL preparation on schedule, ready for MP in July

Intensive design-ins and projects awarded for Windows 8 based

applications

US patent for SITO obtained, in addition to Taiwan, China, Japan,

Germany and Korea


5/17

P&L(): 1Q 2012

4

Profit & Loss 1Q12 1Q11 YoY 4Q11 QoQ

(NT$ mn)

Revenues 40,476 25,324 59.8% 45,478 (11.0%)

COGS (34,764) (20,545) 69.2% (39,175) (11.3%)

Gross Profits 5,712 4,779 19.5% 6,303 (9.4%)

Operating Expenses (2,128) (1,571) (2,540)

SG&A (1,132) (898) (1,506)

R&D (996) (673) (1,034)

Operating Profits 3,583 3,207 11.7% 3,763 (4.8%)

Non-Op Inc/(Exp) (205) (45) (1,713)

Earnings Before Tax 3,378 3,162 6.8% 2,050 64.8%

Income Tax (781) (693) (574)

Net Income (Parent) 2,624 2,470 6.3% 1,534 71.1%

EPS (Parent) 10.71 10.17 5.97

Margin:

GM 14.1% 18.9% 13.9%

OM 8.9% 12.7% 8.3%

NM 6.5% 9.8% 3.4%

Op Exp (5.3%) (6.2%) (5.6%)


6/17

Quarterly Sales ()

5

5,082

10,508

17,213

26,79625,324

32,525

40,045

45,478

40,476

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

NT$ mn


7/17

Gross Profits ()

6

932

2,2282,457

4,400

4,779

6,190

6,921

6,303

5,71218.3%

21.2%

14.3%

16.4%

18.9% 19.0%

17.3%

13.9% 14.1%

0%

5%

10%

15%

20%

25%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

NT$ mn


8/17

Operating Profits ()

7

360

1,340 1,316

3,217

3,207

4,7274,627

3,7633,583

7.1%

12.8%

7.6%

12.0%12.7%

14.5%

11.6%

8.3% 8.9%

0%

2%

4%

6%

8%

10%

12%

14%

16%

0

1,000

2,000

3,000

4,000

5,000

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

NT$ mn


9/17

Net Profits ()

8

331

1,115 1,130

2,165

2,470

3,7153,626

1,534

2,624

6.5%

10.6%

6.6%

8.1%

9.8%

11.4%

9.1%

3.4%

6.5%

0%

2%

4%

6%

8%

10%

12%

14%

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

NT$ mn


10/17

Quarterly Sales by Form Factor()

9Note: Large Form Factor includes screen sizes equal or larger than 7.

80%

61%

72%66%

57% 51%

64%73% 77%

20%

39%

28%34%

43%49%

36%27% 23%

0%

20%

40%

60%

80%

100%

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

SFF LFF


11/17

Quarterly Sales by Products()

10Note: Touch Display consists of a touch module and a display panel.

15%20%

50% 54% 49%

37%

50%

64% 62%

85%80%

50% 46% 51%

63%

50%

36% 38%

0%

20%

40%

60%

80%

100%

1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12

Display Module


12/17

Balance Sheet ()

11

Balance Sheet 2012/3/31 2011/12/31

(NT$ mm)

Cash Equivalents 13,966 10,383

Receivables 8,599 16,906

Inventories 12,130 11,868

Current Assets 39,606 42,412

Total Fixed Assets 43,994 43,760

Total Assets 89,890 92,953

ST Loans 6,898 5,470

Payables 21,531 26,092

Current Liabilit ies 40,036 44,314

Convertible Bonds 10,166 10,339

LT Loans 8,158 8,806

Total Liabilit ies 58,470 63,591

Common Shares 2,353 2,353

Total Shareholder's Equities 31,420 29,363

Ratio Analysis:

Quick Ratio 0.69 0.69

Current Ratio 0.99 0.96

ROE 35% 51%

Net Debt to Equity 0.36 0.48


13/17

Cashflow Statement ()

12

Cashflow Statement 1Q12 4Q11

(NT$ mn)

Operating Cashflows:

Net Profits 2,597 1,476

Depreciation & Amortization 1,161 1,001

Net Inc/(Dec) Working Capital 4,001 (1,120)

Other Operating Cash Flow 539 2,348Cash Flow from Operations 8,298 3,706

Investing Cashflows:

Capital Expenditures (4,158) (5,035)

Acquisitions - 40

Others (1,483) (43)

Cash Flow from Investments (5,642) (5,038)

Financing Cashflows:Inc/(Dec) in Debts 1,161 (2,466)

Others (11) (7)

Cash Flow from Financing 1,150 (2,473)

FX Adjustments (223) (312)

Total Cash Flow 3,583 (4,118)


14/17

13

Customer Diversification ()

Major

Customer

37%

Others

63%

2013

Note: Company estimates


15/17

14

Product Diversification()

G/G 45%

GFF 25%

TOL / G1F

30%

2013



16/17

15

Application Diversification()

Smartphones

24%

Tablet/E-Book

52%

Notebook

14%

Consumer 2%

Others

8%

2013



17/17

Thank you

tpk 1q12 result summary

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