TPK Holding Co., Ltd.

101
991028
2012425

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 those
explicitly 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.

Disclosure Notice ()
Financial numbers in this presentation are based on the
Statement of Financial Accounting Standard No. 7

All financial numbers are unaudited

1Q12 Result Summary ()

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
3

P&L (): 1Q 2012

Profit & Loss
(NT$ mn)
Revenues
COGS
Gross Profits
Operating Expenses
SG&A
R&D
Operating Profits
Non-Op Inc/(Exp)
Earnings Before Tax
Income Tax
Net Income (Parent)
EPS (Parent)
Margin:
GM
OM
NM
Op Exp

1Q12

1Q11

40,476
(34,764)
5,712
(2,128)
(1,132)
(996)
3,583
(205)
3,378
(781)
2,624
10.71

25,324
(20,545)
4,779
(1,571)
(898)
(673)
3,207
(45)
3,162
(693)
2,470
10.17

14.1%
8.9%
6.5%
(5.3%)

18.9%
12.7%
9.8%
(6.2%)

YoY
59.8%
69.2%
19.5%

11.7%
6.8%
6.3%

4Q11
45,478
(39,175)
6,303
(2,540)
(1,506)
(1,034)
3,763
(1,713)
2,050
(574)
1,534
5.97

QoQ
(11.0%)
(11.3%)
(9.4%)

(4.8%)
64.8%
71.1%

13.9%
8.3%
3.4%
(5.6%)

Quarterly Sales ()
NT$ mn
50,000
45,478

45,000
40,476

40,045

40,000
35,000

32,525

30,000

26,796

25,000
20,000

25,324

17,213

15,000
10,508

10,000
5,000

5,082

0
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12
5

Gross Profits ()
NT$ mn
8,000

25%

6,000

6,921

21.2%

7,000

18.9%

18.3%

6,190

16.4%

5,000

14.3%

6,303

19.0%

5,712

17.3%

4,779

13.9%

4,400

20%

14.1%

15%

4,000
10%

3,000
2,228

2,457

2,000
5%

1,000

932

0%
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12
6

Operating Profits ()
NT$ mn
5,000

4,727
14.5%
12.8%

4,000

16%

4,627

14%

12.7%
12.0%

11.6%

3,763

3,583

3,207

3,000
7.6%

3,217

8.3%

8.9%

12%
10%
8%

7.1%

2,000

6%
1,340

1,316

4%
1,000

2%

360

0%
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12
7

Net Profits ()
NT$ mn
4,000

3,715

3,500

14%
3,626

12%

11.4%

10.6%

3,000

9.8%

2,500

8.1%

9.1%

2,624

2,470

10%

8%
2,000

6.6%

6.5%

6.5%

2,165

6%

1,534

1,500
1,115

3.4%

1,130

4%

1,000
500

2%

331

0%
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12
8

Quarterly Sales by Form Factor ()

SFF

LFF

100%
20%

28%
39%

80%

34%

43%

27%

23%

73%

77%

4Q11

1Q12

36%
49%

60%

40%

80%

72%
61%

66%

57%

64%
51%

20%

0%
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

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

3Q11

Quarterly Sales by Products ()

Display

Module

100%

80%
50%

46%

36%

38%

64%

62%

4Q11

1Q12

50%

51%
63%

60%

85%

80%

40%
50%

54%

20%

50%

49%
37%

15%

20%

0%
1Q10

2Q10

3Q10

4Q10

1Q11

2Q11

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

3Q11

10

Balance Sheet ()
Balance Sheet
(NT$ mm)
Cash Equivalents
Receivables
Inventories
Current Assets
Total Fixed Assets
Total Assets
ST Loans
Payables
Current Liabilities
Convertible Bonds
LT Loans
Total Liabilities
Common Shares
Total Shareholder's Equities
Ratio Analysis:
Quick Ratio
Current Ratio
ROE
Net Debt to Equity

2012/3/31

2011/12/31

13,966
8,599
12,130
39,606
43,994
89,890
6,898
21,531
40,036
10,166
8,158
58,470
2,353
31,420

10,383
16,906
11,868
42,412
43,760
92,953
5,470
26,092
44,314
10,339
8,806
63,591
2,353
29,363

0.69
0.99
35%
0.36

0.69
0.96
51%
0.48
11

Cashflow Statement ()
Cashflow Statement
(NT$ mn)
Operating Cashflows:
Net Profits
Depreciation & Amortization
Net Inc/(Dec) Working Capital
Other Operating Cash Flow
Cash Flow from Operations
Investing Cashflows:
Capital Expenditures
Acquisitions
Others
Cash Flow from Investments
Financing Cashflows:
Inc/(Dec) in Debts
Others
Cash Flow from Financing
FX Adjustments
Total Cash Flow

1Q12

4Q11

2,597
1,161
4,001
539
8,298

1,476
1,001
(1,120)
2,348
3,706

(4,158)
(1,483)
(5,642)

(5,035)
40
(43)
(5,038)

1,161
(11)
1,150
(223)
3,583

(2,466)
(7)
(2,473)
(312)
(4,118)
12

Customer Diversification ()

2013

Major
Customer
37%
Others
63%

Note: Company estimates

13

Product Diversification ()

2013

TOL / G1F
30%

G/G 45%

GFF 25%

Note: Company estimates

14

Application Diversification ()

Consumer 2%

2013
Others
8%

Notebook
14%

Smartphones
24%

Tablet/E-Book
52%

Note: Company estimates

15

Thank you