Qisda Corporation 2012 Q4 Results March 7, 2013 Outline � Q4 and 2012 DMS Business Financial Results � 2012 Q4 DMS Business Summary 2
Safe Harbor Notice We have made forward-looking statements in the presentation. Our forward- looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might not occur and our actual results could differ materially from those anticipated in these forward-looking statements. 3 Disclaimer These financial information in this document are based on unaudited results of the DMS(Design, Manufacturing and Service) business (formerly named Consolidated core business), and audited results of consolidated financials. 4
Q4 and 2012 DMS Business Financial Results Q4 DMS Business Income Statement: QoQ Analysis Amount : NT$ Billion 2012 Q4 2012 Q3 QoQ (1) DMS Business: Net Sales 19.91 100.0% 23.23 100.0% -14.3% COGS (18.72) (21.62) Gross Margin 1.18 5.9% 1.61 6.9% -1.0 ppt Opex (1.12) -5.6% (1.15) -5.0% Operating Income 0.06 0.3% 0.46 2.0% -1.7 ppt Net Non-op Items (1.06) (1.05) (2) Consolidated: Income before Tax (1.00) (0.59) Net Income (1.07) -5.4% (1.11) -4.8% -0.6 ppt EPS-Diluted (NT$) (0.55) (0.57) Net Worth / Share (NT$) 9.35 10.01 (1) Based on unaudited results of the DMS(Design, Manufacturing and Service) business (2) Based on audited results of consolidated financials (3) EPS-diluted was calculated based on total diluted, weighted-averaged outstanding shares (1,966 m shares) (4) Net worth per share was calculated based on total outstanding shares (1,966 m shares) 6
Q4 DMS Business Balance Sheet Highlights Amount: NT$ Billion 2012 Q4 2012 Q3 QoQ Cash & Equivalent 3.74 6.6% 4.66 7.4% (0.92) Accounts Receivable 10.61 18.7% 12.53 20.0% (1.92) Inventory 7.48 13.2% 8.47 13.5% (0.99) L-T Investments 22.73 40.0% 24.01 38.3% (1.28) Total Assets 56.87 100.0% 62.76 100.0% (5.89) Fin. Debt 19.28 33.9% 21.00 33.5% (1.72) Accounts Payable 14.03 24.7% 17.12 27.3% (3.09) Total Liabilities 38.49 67.7% 43.08 68.6% (4.59) Equity 18.39 32.3% 19.69 31.4% (1.30) * Based on unaudited results of the DMS(Design, Manufacturing and Service) business * Fin. debt included long term and short term financial debts 7 Q4 DMS Business Key Financial Ratios 2012 Q4 2012 Q3 QoQ A/R Turnover 51 days 48 days +3 days Inventory Turnover 41 days 37 days +4 days A/P Turnover 74 days 76 days -2 days Cash Conversion Cycle 18 days 9 days +9 days ROA -1.8% -1.8% 0.0 ppt ROE -5.4% -5.4% 0.0 ppt Current ratio 101.9% 104.1% -2.2 ppt Fin. Debt / Total Assets 33.9% 33.5% +0.4 ppt * Based on unaudited results of the DMS(Design, Manufacturing and Service) business * ROA and ROE were calculated on a quarterly basis 8
2012 DMS Business Income Statement: YoY Analysis Amount : NT$ Billion 2012 2011 QoQ (1) DMS Business: Net Sales 84.48 100.0% 84.89 100.0% -0.5% COGS (78.81) (79.15) Gross Margin 5.67 6.7% 5.74 6.8% -0.1 ppt Opex (4.75) -5.6% (4.89) -5.8% Operating Income 0.91 1.1% 0.85 1.0% +0.1 ppt Net Non-op Items (2.92) (4.09) (2) Consolidated: Income before Tax (2.00) (3.25) Net Income (2.60) -3.1% (3.41) -4.0% +0.9 ppt EPS-Diluted (NT$) (1.32) (1.74) Net Worth / Share (NT$) 9.35 10.96 (1) Based on unaudited results of the DMS(Design, Manufacturing and Service) business (2) Based on audited results of consolidated financials (3) EPS-diluted was calculated based on total diluted, weighted-averaged outstanding shares (1,966 m shares) (4) Net worth per share was calculated based on total outstanding shares (1,966 m shares) 9 2012 DMS Business Balance Sheet Highlights Amount: NT$ Billion 2012 2011 QoQ Cash & Equivalent 3.74 6.6% 6.86 10.4% (3.12) Accounts Receivable 10.61 18.7% 10.12 15.4% 0.49 Inventory 7.48 13.2% 7.93 12.0% (0.45) L-T Investments 22.73 40.0% 26.19 39.7% (3.46) Total Assets 56.87 100.0% 65.89 100.0% (9.02) Fin. Debt 19.28 33.9% 22.72 34.5% (3.44) Accounts Payable 14.03 24.7% 15.91 24.1% (1.88) Total Liabilities 38.49 67.7% 44.36 67.3% (5.87) Equity 18.39 32.3% 21.53 32.7% (3.14) * Based on unaudited results of the DMS(Design, Manufacturing and Service) business * Fin. debt included long term and short term financial debts 10
2012 DMS Business Key Financial Ratios 2012 2011 QoQ A/R Turnover 51 days 40 days +11 days Inventory Turnover 41 days 35 days +6 days A/P Turnover 74 days 75 days -1 days Cash Conversion Cycle 18 days 0 days +18 days ROA -4.2% -4.9% +0.7 ppt ROE -13.0% -14.5% +1.5 ppt Current ratio 101.9% 107.5% -5.6 ppt Fin. Debt / Total Assets 33.9% 34.5% -0.6 ppt * Based on unaudited results of the DMS(Design, Manufacturing and Service) business * ROA and ROE were calculated on a annual basis 11 2012 Q4 DMS Business Summary
DMS Business Revenue Breakdown by Product Line 100% 4% 5% 5% 6% 7% 7% 4% 5% 7% 7% 6% 7% 8% 7% 7% 80% 7% 6% 5% 5% 13% 10% 13% 14% 12% 60% 66% 64% 63% 64% 66% 40% 20% 0% 4Q11 1Q12 2Q12 3Q12 4Q12 Monitor Projector PID Printer Mobile Others Note ： 1. Professional and industrial display, herein referred to as “PID“. 2. ”Others” includes automobile electronics and other products; 4Q12 includes Mobiles. 13 2012 Q4 DMS Business Summary � Monitor ： � Unit shipment decreased by 13% QoQ � Projector ： � Unit shipment decreased by 21% QoQ � Color laser printer ： � Unit shipment maintained the same as Q3 14 14
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