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1 Feng Tay Enterprises Co., Ltd Second Quarter Operating Information August 13, 2014 Feng Tay Enterprises Co., Ltd Second Quarter Operating.

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Presentation on theme: "1 Feng Tay Enterprises Co., Ltd Second Quarter Operating Information August 13, 2014 Feng Tay Enterprises Co., Ltd Second Quarter Operating."— Presentation transcript:

1 1 Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information August 13, 2014 Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

2 2 About Feng Tay Group Founded in 1971. Capital: NTD 5,790 million. Business: – 80% for Sports Shoes Manufacture – 11% for Casual & Equipment Manufacture – 2% for Golf Ball Manufacture – 7% for Retail & Wholesale Feng Tay headquarters is located at Yunlin Science and Industrial Park in Taiwan. Factories: China (17%), Indonesia (13%), Vietnam (51%) and India (19%). Employees: more than 92,000. Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

3 3 Agenda 2Q 2014 Financial Highlights 2Q 2014 Consolidated Statements of Comprehensive Income 1H 2014 Consolidated Statements of Comprehensive Income Consolidated Balance Sheets Consolidted Statements of Cash Flows 2Q 2014 Revenue by Products ( YoY / QoQ ) Consolidated Revenue & Profit, Attributable to Owners of Parent Earnings Per Share Output & Shipment Outlook Recap of Recent Major Announcements Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

4 4 2Q 2014 Financial Highlights ( In NT millions except otherwise noted ) 2Q141Q142Q13QoQYoY Consolidated Operating Revenue 11,89910,2309,786+16%+22% Consolidated Operating Gross Margin 21%19%20%+2ppts+1ppt Consolidated Operating Expenses Margin 10%12%11%-2ppts-1ppt Consolidated Operating Profit Margin 11%7%9%+4ppts+2ppts After Tax Consolidated Net Profit Margin 6%7% -1ppt EPS (NT$)* 1.061.141.10-7%-4% ROE 26%25%27%+1ppt-1ppt Shipment (,000 Pairs) 20,98717,82317,802+18% * Based on 579,005,049 weighted average outstanding shares. ** ROE figures are annualized based on average equity attributable to shareholders of the parent. Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

5 5 2Q 2014 Consolidated Statements of Comprehensive Income ( In NT millions except otherwise noted ) 2Q141Q142Q13QoQYoY Revenue 11,89910,2309,786+16%+22% Gross Profit 2,4811,9721,958+26%+27% Operating Expenses -1,234-1,171-1,118+5%+10% Operating Profit 1,247801840+56%+48% Non-Operating Income and Expenses 6518890-65%-28% Income Tax Expense -597-254-225+135%+165% Net Income 715735705-3%+1% Net Income attributable to Noncontrolling interests 998067+24%+48% EPS (NT$)* 1.061.141.10-7%-4% Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information * Based on 579,005,049 weighted average outstanding shares.

6 ( In NT millions except otherwise noted ) 1H 20141H 2013YoY Amount% % Revenue 22,12910018,402100+20% Gross Profit 4,453203,49719+27% Operating Expenses -2,405-11-2,191-12+10% Operating Profit 2,04891,3067+57% Non-Operating Income and Expenses 25312241+13% Income Tax Expense -851-3-355-2+140% Net Income 1,45071,1746+24% Net Income attributable to Noncontrolling interests 17911341+34% EPS ( NT$ )* 2.201.80+22% 6 1H 2014 Consolidated Statements of Comprehensive Income Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information * Based on 579,005,049 weighted average outstanding shares.

7 7 Consolidated Balance Sheets ( In NT millions except otherwise noted ) 2014.06.302014.03.312013.06.30 Amount% % % Cash1,5987%1,5067%1,1245% Accounts Receivable2,98213%2,85813%2,42012% Inventory4,38220%4,75421%3,80719% Long-Term Investment3742%4242%4052% Property, Plant and Equipment10,47847%10,43647%10,67652% Total Assets 22,284100%22,388100%20,594100% Bank Loans2,37611%2,48911%2,91214% Accounts Payable2,69612%2,64812%2,01810% Other Payables1,9509%1,7678%1,5888% Accrued Pension Liabilities2,1079%2,1029%1, 9049% Total Liabilities 12,34955%10,38846%10,49151% Total Equity 9,93545%12,00054%10,10349% Key Indices A/R Turnover Days 242524 Inventory Turnover Days 444946 Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

8 8 Consolidted Statements of Cash Flows ( In NT millions except otherwise noted ) 2014 1/1~6/30 20132012 2011 Beginning Balance1,5831,8081,3031,195 Cash from Operating Activities(A) 2,2423,8913,9162,777 Capital Expenditures(B) (845)(1,016)(1,342)(1,672) Cash Dividends -(1,178)(935) (Decrease ) or Increase in Loan (365)(1,189)(896)488 Change in non-controlling interests (228)(348)(213)(145) Acquisition of ownership interests in subsidiariest (740)(730)(48)- Others (49)34523(405) Ending Balance1,5981,5831,8081,303 Free Cash Flow(A-B) 1,3972,8752,5751,105 Cash from Operating Activities Issued Shares 3.876.997.325.34 Cash from Operating Activities Revenue 10% 11%8% Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

9 9 2Q 2014 Revenue by Products (YoY) Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

10 10 2Q 2014 Revenue by Products (QoQ) Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

11 11 1/1~6/30 Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

12 12 Year \ QuarterFirstSecondThirdFourth 2014*****1.141.06 2013***0.721.151.171.08 2012 **0.380.820.931.01 2011 *0.610.310.960.88 ** Based on 535,322,715 weighted average outstanding shares. Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information * Based on 519,730,791 weighted average outstanding shares. ***Based on 579,005,049 weighted average outstanding shares. ***Based on 556,735,624 weighted average outstanding shares.

13 13 Output & Shipment Outlook Output 2Q14 Target 2Q14 Actual Change 3Q14 Target QoQYoY China3,1403,172 +1% 3,300 +4%+2% Vietnam9,9109,991 +1% 10,300 +3%+10% Indonesia2,2502,330 +4% 2,700 +16% India3,6203,499 -3% 3,800 +9%+39% Unit:,000 Pairs 18,92018,992 0% 20,100 +6%+14% Shipment 2Q14 Target 2Q14 Actual Change 3Q14 Target QoQYoY China2,8502,967 +4% 3,290 +11%0% Vietnam10,29010,685 +4% 9,880 -8%+11% Indonesia2,9403,025 +3% 2,090 -31%-3% India4,3604,307 -1% 3,550 -18%+36% Unit:,000 Pairs 20,44020,984 +3% 18,810 -10%+11% Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

14 14 Recap of Recent Major Announcements The Company purchase subsidiary, P.T. Feng Tay Indonesia Enterprises 13,200 shares (34.74%) stock right.(2014/6/13) Feng Tay 3 subsidiaries located in Vietnam Dong Nai accrue the total income tax loss USD9,386,368, which has been booked in June. (2014/7/9) Group Estimates Footwear Production and Sales Quantities for Third Quarter 2014.(2014/7/10) Feng Tay Enterprises Co., Ltd. 2014 Second Quarter Operating Information

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