3Q 2012 Earning Results October 2 0 1 2 Disclaimer Chimei Innolux - - PowerPoint PPT Presentation

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Mar 28, 2024 166 likes •278 views

3Q 2012 Earning Results October 2 0 1 2 Disclaimer Chimei Innolux Corporations statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual

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October 2 0 1 2

3Q 2012 Earning Results

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Disclaimer

Chimei Innolux Corporation’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward looking statements. These forward- looking statements are not guarantees of future performance and therefore you should not place undue reliance on them. Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Notes: 1. EBITDA = Operating Income + Depreciation & Amortization 2. Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares 3. Capital Stock (common): NT$79.13 billion 4. All figures are unaudited, prepared by Chimei Innolux Corporation. 5. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting.

CMI with TFT Subsidiaries 3Q 2012 Income Statement - QoQ

NT$ million QoQ % Except Per Share Data 3Q12 % Revenue 2Q12 % Revenue Change Net Sales 129,552 100.0% 112,522 100.0% 15.1% Cost of Goods Sold 125,306 96.7% 114,479 101.7% 9.5% Gross Profit (Loss) 4,246 3.3% (1,957) (1.7%)

Operating Expenses

6,460 5.0% 5,738 5.1% 12.6% Operating Income (Loss) (2,214) (1.7%) (7,695) (6.8%)

Net Non-operating Income (Exp.)

(1,655) (1.3%) (2,188) (1.9%)

Income (Loss) before Tax

(3,869) (3.0%) (9,883) (8.8%)

EBITDA(1)

18,860 14.6% 14,314 12.7% 31.8% Net Income (Loss) (3,720) (2.9%) (9,567) (8.5%)

Net Income (Loss) - Parent

(3,721) (2.9%) (9,565) (8.5%)

Basic EPS (NT$)(2)

(0.51) (1.35)

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Notes: 1. Short term debt = (short-term bank loan + commercial papers + current portion of long term loan + obligations under capital leases) 2. Long term debt = (long-term bank loan + corporate bonds + preferred shares + obligations under capital leases) 3. Capital Stock (common): NT$79.13 billion; Book value per common stock: NT$ 22.13 4. All figures are unaudited, prepared by Chimei Innolux Corporation. 5. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting.

CMI with TFT Subsidiaries 3Q 2012 Balance Sheet

NT$ million 2012.9.30 2012.6.30 2011.9.30 Cash & Short Term Investment 52,672 57,639 58,325 Inventory 50,304 61,104 65,748 Total Assets 599,093 636,783 699,355 Short Term Debt (1) 88,635 118,492 156,344 Long Term Debt (2) 199,316 205,647 187,959 Shareholders’ Equity (3) 175,134 173,961 216,878 Net Debt to Shareholders’ Equity 134.3% 153.2% 131.9% Depreciation & Amortization 21,076 22,007 24,675 Capital Expenditure 4,567 3,290 10,199

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33,637 32,272 35,471 36,991 35,399 32,358 35,312 40,705 84 87 86 89 90 95 101 99 10,000 20,000 30,000 40,000 50,000 60,000 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 30 60 90 120 Shipment ASP

Large-size Shipment Units and ASP Trends

Notes: 1. Exchange rate based on the prevailing market rate at the end of each quarter 2. All figures are unaudited, prepared by Chimei Innolux Corporation.

Unit shipment(2) (’000) ASP(1)(2) (US$)

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123 101 95 110 115 90 95 108 17,103 15,043 14,063 17,989 17,155 15,431 16,922 17,949 10,641 11,807 8,017 10,799 16,236 11,804 6,237 8,472 5,000 10,000 15,000 20,000 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 100 200 300 400

Small & Medium-Size Shipment and Sales Trends

Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation.

Unit shipment(1) (Million Units) Revenue(1) (NT$ Million) Shipment Display Revenue Touch Revenue

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130 124 122 125 130 109 113 130 14.6% 12.7% 9.1% 4.4% 4.3% 10.0% 9.3% 4.7%

8.2%
7.6%
5.3%
5.4%
9.9%
6.2%
1.7%

3.3% 50 100 150 200 250 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Revenue, Gross Margin, EBITDA Trends, and EPS Trends

Revenue(1) (NT$ Billion)

2.36
1.78
1.89
3.79
2.73
1.75
1.35
0.51

Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation. 2. The figures presented refer to results from other TFT-LCD related subsidiaries in which Chimei Innolux Corporation has 50% or more ownership, and already eliminates inter-company transactions between Chimei Innolux Corporation and these companies to avoid double-counting.

Revenue EBITDA Margin Gross Margin EPS

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35% 37% 39% 35% 34% 36% 39% 43% 33% 29% 30% 28% 28% 25% 24% 19% 6% 6% 9% 12% 10% 11% 13% 16% 22% 23% 19% 23% 26% 24% 19% 20% 2% 5% 4% 2% 2% 3% 5% 4% 0% 20% 40% 60% 80% 100% 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 TV Desktop Notebook Small & Medium Others

Sales Breakdown by Application

Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation.

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23% 24% 20% 27% 30% 28% 23% 25% 23% 22% 23% 20% 18% 17% 21% 19% 29% 24% 27% 27% 25% 27% 23% 21% 16% 18% 15% 11% 12% 14% 17% 16% 9% 12% 15% 15% 15% 14% 16% 19% 0% 20% 40% 60% 80% 100% 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 <10" 10 to <20" 20 to <30" 30 to <40" 40"+

Sales Breakdown by Size

Notes: 1. All figures are unaudited, prepared by Chimei Innolux Corporation.

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For further information, please visit our website at: www.chimei-innolux.com Contact Investor Relations at: phone: +886 (0)6 505-3760 email:ir@chimei-innolux.com