HANA Microelectronics Group. : Content Management
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Group Consolidated Result Second Quarter Ended [30th June, 2017]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Second QUARTER ENDED 30th June, 2017


Hana Microelectronics Group 'Hana' Sales Revenue increased 10% year on year at THB 5.2 billion for the second quarter of
2017 from THB 4.8 billion for the second quarter 2016. Sales Revenue in USD terms increased by 13% to USD 153m
from USD 135m in Q2 2016. Operating Profits increased 40% to THB 539m in Q2 2017 from THB 384m in Q2 2016.



HIGHLIGHTS

Quarter 2 2017 sales revenue for the group increased 13% year-on-year in USD terms, from USD 135m in Q216
to USD 153m in Q217. The average exchange rate for Q217 was 3% stronger at THB/USD 34.3 from THB/USD
35.3 in Q216. As a result the sales revenue in THB terms increased 10% year on year for the quarter.

Year-on-year, in USD terms, the microelectronics divisions sales increased by 13%. Sales in Lamphun increased
24% whilst Jiaxing increased by 2%. The IC divisions sales revenues increased 9% in Q217, with revenues
of the IC division in Ayutthaya increasing by 5% and Jiaxing increasing by 28%. "HMT" the Microdisplay/RFID
operation in Ohio sales revenue increased 40%.

Quarter-on-Quarter, in USD terms, sales for the group increased 2% from USD 149m in Q117 to USD 153m in
Q217. In THB equivalent the group sales were down 9% in Q217 compared to Q117 due to the average
THB/USD exchange rate being 3% stronger at 34.3 in Q217 from 35.1 in Q117. Sales in the microelectronics
division increased 4% with Lamphun increasing 5% and Jiaxing increasing 1%. Sales revenues from the IC
divisions were 3% higher in Q217 with Ayutthaya sales similar and Jiaxing IC sales increasing by 18%. The
Microdisplay division sales decreased 18% in Q217 compared to Q117.

The Gross Profit margin was 15% in Q217 up from Q216 at 12% due to increased sales volume, and a more
favourable product mix.

Year-on-year operating profits were 40% higher at THB 539m in Q217 compared to THB 384m in Q216. The
Operating margin was 10% in Q217 up 2% from 8% in Q216 due to the higher gross margin.
SG&A expenses were 10% higher in Q217 than in Q216 due to higher salary expenses. SG&A expenses in Q217
were 3% lower than Q117.