#1TYO TONG YANG GROUP Tong Yang Industry 1319.TW 1319 TT Investor Relations Presentation Last Updated: 20th January 2011#2Company Profile Tong Yang Industry Company Limited Reuters 1319.TW Stock Code: History: Bloomberg 1319 TT 1952 A plant was established by Mr. Kao Wu 1967 The plant was reorganized and named Tong Yang Industry Co. Ltd. 1994 - Tong Yang stocks went public in Taiwan Merger with Taiwan KaiYih effective on 1st September) 2010 Capital: NT$ 5,185,575,100 ( 518 mn shares in issue, NT$10 par value) Tainan Plant - 324,238 SM (3,490,068 SF) Area: Kuan Yin Plant - 19,990 SM ( 215,171 SF) Number of Employees: 7,265 (Taiwan: 2,852; China: 3,988; Overseas Plants: 425) Scope of Business: Developing, manufacturing, and selling of vehicle parts and accessories Management: Mr. Kao Wu - Founder Mr. Michael (Pingteh Wu) - Chairman of the Board Mr. Raymond Wu - President Mr. Crispin Wu - Deputy Chief Executive TYO TONG YANG GROUP 1#3Corporate Structure Tong Yang Industry Co., Ltd.* (1319.TT/TW) TAIWAN 95.52% Kai Ming Industry Co., Ltd. 51% Ru Yang Industry Co., Ltd. 40% Tung Yang Chemical Plastics Co., Ltd. 19.26% Pro Fortune TYO TONG YANG GROUP CHINA 55% Dajiang Yuchyang Plastics Co., Ltd. 55% Dajiang Tong Yang Plastics Co., Ltd. 70% Nanjing Kaiyang Auto Plastics Co., Ltd. 100% Fuzhou Tong Yang Plastics Co., Ltd. Tong Yang Holding Corporation 49% Changchun Fawer Tong Yang Plastics Co., Ltd. 88% (Cayman Islands) 50% Wuhu Youth Tong Yang Plastics Co., Ltd. 25% Harbin Hafei Tong Yang Plastics Co., Ltd. 95% Harbin Hafei Kai Yih Metal Co., Ltd. 25% Wuhan Xiang Xing Auto Parts Co., Ltd. 70% 20% Guangzhou GRG Lamko Mold Maf. Co., Ltd. 100% USA Nanjing Tong Yang Auto Parts Co., Ltd. 100% 40% How Bond Investment NBC (PANYU NASA) Co., Ltd. 40% Changchun Dun Yang NBC Co., Ltd. 40% THAILAND Tianjin NBC Co., Ltd. 100% 40% Tong Yang (IKI) Wuhan NBC Co., Ltd. 40% NBC (Nanjing) Co., Ltd. ITALY 100% TYG Europe *The Wu family only owns stake in Tong Yang Industry Co., Ltd. and Taiwan Kai Yih Co., Ltd **Some percentages represent indirect shareholding, refer to financial report for details 2#4Group Company Details TY☺ TONG YANG GROUP Consolidated Taiwan Company Kai Ming Ru Yang Tung Yang Chemical Pro Fortune Main Product Lines OEM & AM Tooling OEM Instrument panel OEM Plastic coating Holding Company Tong Yang Other Major Shareholders Stakes (%) Other Major Holders Shareholding Sales in 2007 (NT$ Million) Sales in 2008 (NT$ Million) Sales in 2009 (NT$ Million) Tong Yang 95.52% 430.32 387.33 420.04 Y Tong Yang 51.00% Futaba Kyogo (Japan) 49.00% 204.15 111.70 166.15 Y Tong Yang 40.00% Nippon Bee (Japan) 60.00% 236.86 196.07 246.15 AM Plastic parts Tong Yang 19.24% Lee's family 70.00% 743.55 714.93 714.96 Dajiang YuChyang OEM Plastic parts Tong Yang 55.00% Chong Qing Dajiang 45.00% 745.55 725.52 884.25 Y Dajiang Tong Yang * OEM Plastic parts Tong Yang 55.00% Chong Qing Dajiang 45.00% 1,042.14 775.39 970.46 Y Nanjing Kaiyang OEM Plastic parts Tong Yang 70.00% GP Daikyo (Japan) 10.00% 68.05 205.51 625.10 Y Futaba Kyogo (Japan) 20.00% Fuzhou Tong Yang Fawer Tong Yang *** OEM Plastic parts Tong Yang OEM Plastic parts Harbin Hafei Tong Yang OEM Plastic parts Harbin Hafei Kai Yih OEM Sheet Metal Wuhu Youth Tong Yang Wuhan Xiang Xing OEM Plastic parts OEM Plastic parts Tong Yang Tong Yang Tong Yang Tong Yang 100.00% 49.00% 792.67 655.09 1,029.33 Y First Auto Group 49.00% 806.22 1,086.75 3,134.30 Y 25.00% Harbin Aircraft Group 75.00% 103.36 89.65 111.37 95.00% Harbin Aircraft Group 5.00% 45.28 101.15 174.14 Y 50.00% Chery Auto 50.00% 504.59 581.51 960.57 Tong Yang China ** Nanjing Tong Yang Auto Parts AM Plastic parts NBC Panyu NBC Changchun NBC Tianjin NBC Wuhan NBC Nanjing OEM Plastic coating OEM Plastic coating Tong Yang Tong Yang 25.00% 100.00% Mistuboshi Belting Kaseihin 75.00% 372.50 930.82 57.63 Y 40.00% Nippon Bee (Japan) 60.00% 553.89 570.57 624.60 Tong Yang OEM Plastic coating Tong Yang Guangzhou GRG Lamko MOLD OEM Plastic coating OEM Plastic coating OEM Tooling Tong Yang Tong Yang Kai Ming Tong Yang 40.00% 40.00% 40.00% 40.00% 70.00% 20.00% Nippon Bee (Japan) 60.00% 25.77 19.65 11.83 Nippon Bee (Japan) 60.00% 199.62 286.11 362.19 Nippon Bee (Japan) 60.00% 146.82 164.19 222.00 Nippon Bee (Japan) Tatematsu Mold Works 60.00% 118.38 189.72 277.62 10.00% 124.43 117.05 94.75 Y Tong Yang (I.K.I.) (Thailand) How Bond Investment OEM & AM Plastic parts Tong Yang AM Plastic parts 100.00% TYG Europe AM Plastic parts Tong Yang Tong Yang 100.00% 100.00% 111.41 128.40 124.34 Y 813.00 845.50 874.15 Y 143.16 196.65 190.94 Y * Dajiang YuChyang holds 55%, Tong Yang Holding Corp. holds 25%, Chong Qing Dajiang holds 20%. Therefore Tong Yang directly and indirectly holds 55% of the company. ** Through TY Holding (Cayman), Tong Yang holds 88% and the remaining 12% were invested and held by CID group. *** Stake reduced to 49% in July. Thus, not accounted into consolidated statements from Aug 2010 onwards 3#5Product Line-up TYG TONG YANG GROUP HOOD/BONNET MIRROR INSTRUMENT PANEL PILLAR DOOR TRIM TRUNK LID SUPPORT RADIATOR GRILLE BUMPER BUMPER REINFORCEMENT HEADER PANEL TYG Plastic Products TKY Sheet Metal Products AIR SPOILER REAR BUMPER WHEEL COVER COOLING FAN APRON FENDER DOOR MISCELLANEOUS PARTS 4#6Group Revenue and Profit Breakdown FY2008 Consolidated Revenue OEM is 32% & AM is 68% of total sales OEM - China 25% OEM-TW 7% AM Overseas Plants 5% AM- Sheet Metal Exports from TW 27% NT$1,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 AM- Plastic Exports from TW 36% FY2009 Consolidated Revenue OEM is 45% and AM is 55% of total sales OEM- China 38% AM- Plastic Exports from TW 28% OEM-TW 7% AM Overseas Plants 6% Profit Contribution Breakdown 2005-2009 0 OEM TW OEM China (200,000) AM Plastic 2005 2006 2007 2008 2009 AM Sheet Metal Exports from TW 21% AM Sheet Metal AM Overseas Plants. TY☺ TONG YANG GROUP 5#7Replacement Market ☐ Replacement Market Overview The replacement market for collision parts is composed of OES and AM (non-branded) products Taiwanese producers combined supply 85% to 90% of the global AM collision parts Three main product lines: Plastic Parts, Sheet Metal Parts, Lamps AM distribution channel Tong Yang AM Plastic Parts Global Market Share Pro Fortune 15% Others 15% Tong Yang 70% TYG TONG YANG GROUP Distributor Importer Wholesaler Body Shop Garage Independents AM Sheet Metal Parts Global Market Share OES vs AM Replacement Market Application Ratio (Plastic Products) Europe USA Taiwan J 13% A OES 70% 85% 20% 20% AM (non-branded) 30% 15%↑ 80% Others 15% G 17% Tong Yang 35% 6#8After Market (AM) AM Plastic Sales Region Breakdown FY2009 Africa Australia Middle East 7% Asia 5% 6% 3% N. America 53% Europe 14% Central & South America 12% AM Plastic Products AM Plastic Sales is 28% of FY2009 Consolidated Revenue AM Sheet metal Sales Region Breakdown FY2009 Central/South America 8% Other 17% Asia 2% Europe 10% N. America 63% AM Products (Plastic & Sheet metal) 0.92% 2.37% NT$1,000 12.97% 10,000,000 6.44% 9,000,000 8,000,000 7,000,000 6,860,627 6,923,578 7,087,665 7,087,665 6,073,168 6,000,000 5,705,639 5,000,000 4,000,000 3,000,000 2,000,000 1,000,000 0 2005 2006 2007 2008 2009 1-12M2009 YoY Sales Growth 26.97% 8,999,464 1-12M2010 **Sales figure includes both plastic and sheet metal from 1st Sep 2010 TYG TONG YANG GROUP 7#9AM Competitive Advantage & Overseas Strategy AM Competitive Advantage AM Overseas Strategy TY☺ TONG YANG GROUP ◉ The ability to offer a complete product line-up of collision parts is required to meet one-stop shopping demands. Tong Yang's tooling library consists of 9500 items, covering 80% of global car models since 1970s Continuous capital expenditure of NT$ 1 billion developing new tooling sets annually. High capital costs and long development time of tooling sets: Cost to develop one tooling set is up to NT$5 million and development time is at least 6 to 8 months. Limited available capacity of tooling plants: It is therefore difficult for competitors to secure available tooling development capacity. All major manufacturers have more than 20 years experiences in this industry and have accumulated thousands of moulds. AM manufacturing plants in US, Italy and Thailand gives customers easier access to products Overseas plants compete directly with local players In 2000, Tong Yang acquired its largest competitor in South East Asia, the plant has now become the Tong Yang's Thailand plant Due to severe competition, Unicar (largest player in Europe) announced bankruptcy in 2004. The company's assets were acquired by Tong Yang. Continuous consolidation of AM industry controls competition Started developing AM in China in 2007. Tong Yang has a competitive edge over existing local competitors, in mould development technology and years of experience in the AM industry. 8#10OEM Taiwan OEM Taiwan Sales is 7% of FY2009 Consolidated Revenue Taiwan OEM Customer Breakdown FY2009 Yulon (Nissan) Motorcy cle 4% 2% Fengyue (Toyota) Others 1% OEM Exports 33% 7% Honda 11% Ford 20% -11.62% 1,800,000 1,692,351 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 1,495,648 11.81% Taiwan OEM Product Mix Breakdown FY2009 China Motor (Mitsubishi) 22% Taiwan OEM Revenue Others 44% -24.70% 1,672,234 2.62% 1,259,137 Bumper 21% Grille 6% Moulds 20% 1,292,113 1,292,113 19.94% 1,549,731 Instrument Panel 10% TYO TONG YANG GROUP 2005 2006 2007 2008 2009 1-12M2009 1-12M2010 OEM Products Mould Sales YoY Sales Growth 9#11China Operations I Tong Yang invested in China from 1994; currently it has 16 plants in China The 16 operations have a combined total investment of USD 126.7 Million OEM Plastic Component Plants # Company Established Location Stake Investment Amt JV Partner Customer 1 Dajiang Yuchyang Apr-94 Chongqing 55% USD 7.15mn Changan Auto Group Changan Suzuki Changan Motor Chengdu Toyota 2 Fuzhou Tong Yang Dec-95 Fuzhou 100% USD 17.5mn TYO TONG YANG GROUP South East Motor Daimler Dongfeng Nissan GZ Honda/Toyota First Auto Group Investment Phase 1 3 Fawer Tong Yang Jan-03 Changchun 49% USD 13.77mn First Auto Group 4 Hafei Tong Yang Dec-03 Harbin 25% USD 3mn Harbin Aircraft Hafei Auto 5 Dajiang Tong Yang Apr-04 Chongqing 55% USD 7.15mn Changan Auto Group Changan Ford 6 Youth Tong Yang Aug-04 Wuhu 50% USD 6mn Chery Auto Chery Auto 7 Nanjing Kaiyang 2005 Nanjing 70% USD 14mn Daikyo Nishikawa Futaba Kyogo Changan Ford 8 Wuhan Xiang Xing 2007 Wuhan 25% USD 3mn Mitsuboshi Belting Kaseihin Dongfeng Nissan Dongfeng Honda Investment Phase 2 Investment Phase 3 10#12China Operations II OEM Plastic Coating Plants # Company Established Location Stake Investment Amt JV Partner 9 NBC Panyu Oct-99 Panyu 40% USD 2.16mn Nippon Bee Customer Guangzhou Honda Guangzhou Toyota 10 NBC Changchun May-00 Changchun 40% USD 0.6mn Nippon Bee First Auto 11 NBC Tianjin Nov-01 Tianjin 40% USD 0.48mn Nippon Bee Tianjin Toyota Tianjin Auto Wuhan Honda 12 NBC Wuhan Sep-04 Wuhan 40% USD 0.6mn Nippon Bee Xiangfan Nissan 13 NBC Nanjing 2005 Nanjing 40% USD 1.2mn Nippon Bee Nanjing Ford Chery Auto OEM Sheet Metal Plant # Company Established Location Stake Investment Amt JV Partner Customer 14 Hafei Kai Yih Apr-04 Harbin 95% USD 11.4mn Taiwan Kai Yih Harbin Aircraft Hafei Auto OEM Mould Plant Company Established Location Stake Investment Amt JV Partner 15 Guangzhou GRG Lamko May-05 Guangzhou 20% USD 1.4mn Kai Ming Tatematsu Mold Works Customer Japanese & Local Carmakers AM Plastic Plant # Company Established Location Stake Investment Amt JV Partner Customer 16 Nanjing Tong Yang 2007 Nanjing 100% USD 16.5mn Local AM distributors TYO TONG YANG GROUP 11#13China Auto Sector TYO TONG YANG GROUP FY 2009 1H2010 1H2010 Tong Yang Plants units units YOY Rank Group/Company sold sold % market Dajiang share % YuChyang Fuzhou Fawer Hafei TY TY Hafei Dajiang Youth Nanjing Wuhan TY TY Kai Yih TY TY Kaiy ang Xiang Xing NBCS 1 Shanghai Auto Group 2,705,457 1,765,354 45.0% 19.6% 2 Dongfeng Auto 1,897,728 1,281,288 58.6% 14.2% 3 ChangAn Auto 4 First Auto Group 1,869,802 1,944,576 1,242,150 44.0% 1,267,173 39.8% 14.1% 13.8% 5 Beijing Automotive Industry 1,242,980 746,215 28.2% 8.3% 6 Guangzhou Automobile 606,621 348,677 28.7% 3.9% 7 Chery 500,303 308,936 46.3% 3.4% A 六六六六六 A 8 BYD Auto 448,397 289,014 63.5% 3.2% 9 Brilliance China 348,307 260,863 71.5% 2.9% 10 Anhui Jianghuai Automobile 321,840 252,727 66.3% 2.8% 11 Zhejiang Geely Group 329,104 200,969 36.7% 2.2% 12 Great Wall Motors 225,940 170,362 87.4% 1.9% 13 China Heavy Duty Truck 125,018 115,627 69.8% 1.3% 14 Shan Xi Auto 105,086 68,178 84.6% 0.8% 15 South East (Fujian) Motor 85,354 Top 15 companies total sales 12,756,513 Others (16th -82th) 677,365 58,446 97.2% 8,375,979 46.0% 640,179 73.2% 0.6% A 92.9% 7.1% Main Supplier Market Total 13,644,794 9,016,158 47.67% 12#14OEM China Sales & Profit NT$1,000 16,000,000 14,000,000 OEM China Sales is 38% of FY2009 Consolidated Revenue China OEM Sales 12.52% 12,000,000 31.15% 10,000,000 63.75% 8,000,000 5,823,297 6,000,000 5,175,503 3,946,052 4,000,000 2,411,776 2,000,000 1,800,000 NT$1,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 (200,000) (400,000) (618) 2005 2006 YoY Sales Growth 2005 (27,646) 2007 2008 79.81% 10,470,974 10,470,974 39.29% 14,585,400 2009 1-12M2009 1-12M2010 China OEM Pre-Tax Profit & Contribution Amount 2H2004 2H2005 - Macro-control in China -Raw Material Increase 4 New plants started operating 1,165,613 1,165,613 2006 (140,369) (119,242) 173,446 68,850 38,919 2007 1,585,848 111 418,648 418,648 610,335 2008 2009 1-12M2009 1-12M2010 (92,844) China Total Profit Contribution Amount TYO TONG YANG GROUP 13#15Financials & Gross Margin TYG TONG YANG GROUP AM Plastic OEM TW Total Average Trading Business Consolidated Year Products Products Tooling Parent Sales NTD: 1000 External Taiw an Kai Yih Average Monthly Sales 245,307 132,781 95,451 111,583 31,377 616,499 1,134,050 2005 Share to Sales 39.79% 21.54% 15.48% 18.10% 5.09% 100.00% Gross Margin 42.55% 13.66% 11.87% 23.60% 25.53% 27.11% Average Monthly Sales 263,008 152,580 88,727 92,627 33,794 630,736 24.45% 1,200,447 2006 Share to Sales 41.70% 24.19% 14.07% 14.69% 5.36% 100.00% Gross Margin 44.28% 12.76% 8.69% 14.99% 25.71% 26.58% Average Monthly Sales 299,033 171,138 97,919 97,329 45,805 711,224 22.76% 1,381,715 2007 Share to Sales 42.04% 24.06% 13.77% 13.68% 6.44% Gross Margin 45.05% 13.18% 10.23% 16.26% 30.32% 100.00% 27.76% Average Monthly Sales 303,231 167,441 105,243 78,428 27,745 682,093 23.87% 1,398,296 2008 Share to Sales 44.46% 24.55% 15.43% 11.50% 4.07% Gross Margin 42.65% 13.32% 7.99% 8.23% 34.28% 100.00% 25.81% Average Monthly Sales 330,712 161,457 96,766 87,666 21,838 698,521 21.77% 1,692,851 2009 Share to Sales 47.34% 23.11% 13.85% 12.55% 3.13% 100.00% Gross Margin 46.26% 15.33% 9.68% 21.51% 34.44% 30.57% Average Monthly Sales 498,425 179,690 71,841 112,432 16,981 879,368 26.65% 1,820,646 1-12M2010 Share to Sales 56.68% 20.43% 8.17% 12.79% 1.93% Gross Margin 33.15% 14.37% 7.12% 24.02% 39.33% 100.00% 26.08% 3Q2010 24.47% AM Product (Plastic & Sheet metal) OEM TW Total Average Parent Sales Year NTD: 1000 Products Trading Products Tooling 2010 Average Monthly Sales 709,940 222,184 119,832 22,411 1,074,366 1st Sept 2010 merged Taiwan KaiYih 9-12M Share to Sales 66.08% 20.68% 11.15% 2.09% 100.00% Gross Margin 24.73% 14.72% 22.29% 35.59% 22.50% 14#16Cost Breakdown & Raw Material Prices Cost Breakdown 2008 2009 AM Plastic TW OEM Overall AM OEM Overall Raw Materials Other Materials 23.91% 19.29% 22.54% 21.78% 25.34% 22.24% 13.70% 25.08% 17.06% 12.37% 24.00% 15.59% Labour and Overhead 8.07% 14.85% 10.08% 9.61% 15.71% 11.29% Mould Amortization 17.08% 0.98% 12.33% 18.60% 1.00% 13.16% Depreciation 2.21% 6.11% 3.36% 4.13% 5.90% 4.72% Other Manufacturing Expenses 10.38% 26.02% 14.99% 9.66% 23.07% 13.87% Outsourcing 23.55% 7.52% 18.82% 20.79% 4.66% 16.97% Miscellaneous 1.09% 0.15% 0.81% 3.07% Sum 100.00% 100.00% 100.00% 100.00% 0.32% 100.00% 2.16% 100.00% US$/ton 2,500 2,000 1,500 1,000 500 www ABS, Polypropylene (PP) & Crude Oil Prices ABS (RHS) Polypropylene (LHS) -Crude Oil (RHS) Jul-06. Jan-07. Jul-07- Jan-08- Ju-08- Jan-09- F60-nr Jan-10. Ju-10- Jan-11 20 40 US$/bbl 160 60 80 140 120 100 15 TYO TONG YANG GROUP#17Strategic Direction OEM STRATEGY Strengthen Research & Development, shift toward Tier 1 supplier role PRODUCT RANGE Focus on higher value-added products, such as instrument panels & chromed parts AM Consolidate AM market through mergers & acquisition TYG TONG YANG GROUP Increase product mix (cooling system), product coverage and expand market share MARKETS Increase export orders and focus on emerging markets such as China and Thailand Cultivate AM Market in China, India and Eastern Europe 16#18Financials TYO TONG YANG GROUP 17 17#19Consolidated Income Statement TYO TONG YANG GROUP 3Q10* 2Q10 1Q10* 4Q09 3Q09* 2009 2008 2007 Unit: NTD mn Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Net Sales 4,680 100.00% 5,778 100.00% 5,927 100.00% 6,012 100.00% 5,143 100.00% 20,314 100.00% 16,780 100.00% 16,581 100.00% COGS (3,594) -76.79% (4,357) -75.41% (4,429) -74.73% (4,496) -74.78% (3,746) -72.84% (14,902) -73.36% (13,143) -78.33% (12,625) -76.14% Gross Profits 1,088 23.25% 1,422 24.61% 1,498 25.27% 1,516 25.22% 1,398 27.18% 5,414 26.65% 3,638 21.68% 3,957 23.86% Op. Expenses (761) -16.26% (823) -14.24% (761) -12.84% (864) -14.37% (711) -13.82% (2,965) -14.60% (2,746) -16.36% (2,732) -16.48% Op. Income 327 6.99% 600 10.38% 737 12.43% 652 10.84% 687 13.36% 2,449 12.06% 892 5.32% 1,225 7.39% Investment Income 95 2.03% 77 1.33% 35 0.59% 126 2.10% 67 1.30% 215 1.06% 79 0.47% 128 0.77% Non-Op. Income (47) -1.00% (13) -0.22% (51) -0.86% (71) -1.18% (79) -1.54% (236) -1.16% (251) -1.50% (132) -0.80% NIBT 375 8.01% 664 11.49% 721 12.16% 706 11.74% 676 13.14% 2,427 11.95% 721 4.30% 1,221 7.36% Tax (26) -0.56% (201) -3.48% (104) -1.75% (67) -1.11% (75) -1.46% (405) -1.99% (189) -1.13% (160) -0.96% Net (gain) loss to minority interest (41) -0.88% (129) -2.23% (154) -2.60% (160) -2.66% (145) -2.82% (457) -2.25% 4 0.02% (68) -0.41% Net Income 308 6.58% 334 5.78% 462 7.79% 479 7.97% 456 8.87% 1,565 7.70% 536 3.19% 993 5.99% Pre-tax EPS 0.73 1.50 1.61 1.58 1.52 5.40 1.65 2.96 EPS 0.64 0.74 1.03 1.07 1.01 3.48 1.23 2.41 *Un-audited numbers 18#20Consolidated Balance Sheet TY☺ TONG YANG GROUP 3Q10* 2Q10* 1Q10* 4Q09 3Q09* 2009 2008 2007 Unit: NTD mn Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Cash 1,543 5.55% 1,877 6.54% 2,045 6.99% 1,723 6.08% 1,467 5.29% 1,723 6.08% 1,727 6.44% 1,135 4.37% A/R 3,640 13.08% 5,002 17.44% 5,235 17.90% 4,875 17.19% 4,617 16.66% 4,875 17.19% 3,375 12.59% 3,664 14.10% Inventory 2,402 8.63% 2,260 7.88% 2,102 7.19% 1,904 6.71% 1,840 6.64% 1,904 6.71% 1,851 6.91% 1,971 7.59% Current Assets 8,237 29.61% 9,915 34.57% 9,990 34.17% 9,361 33.01% 8,560 30.88% 9,361 33.01% 7,574 28.26% 7,570 29.14% LT Investments-net 2,489 8.95% 1,653 5.76% 1.545 5.28% 1,499 5.29% 1,596 5.76% 1,499 5.29% 1,319 4.92% 1,413 5.44% Fixed Assets 15,232 54.75% 15,656 54.58% 16,039 54.85% 15,861 55.94% 15,708 56.67% 15,861 55.94% 15,872 59.21% 15,386 59.23% Total Assets 27,822 100.00% 28,684 100.00% 29,239 100.00% 28,355 100.00% 27,716 100.00% 28,355 100.00% 26,805 100.00% 25,978 100.00% ST Borrowings 1,983 7.13% 2,376 8.28% 2,849 9.74% 2,905 10.25% 3,326 12.00% 2,905 10.25% 4,346 16.21% 3,935 15.15% A/P 3,961 14.24% 5,347 18.64% 5,517 18.87% 4,867 17.16% 4,494 16.21% 4,867 17.16% 3,186 11.89% 3,628 13.97% Current Liabilities 6,969 25.05% 9,280 32.35% 9.533 32.60% 9,338 32.93% 9,122 32.91% 9,338 32.93% 9,351 34.89% 9,530 36.68% Bonds Payable 480 1.73% 480 1.67% 640 2.19% 640 2.26% 800 2.89% 640 2.26% 920 3.43% 1,393 5.36% LT Borrowings 4,370 15.71% 3,701 12.90% 3,518 12.03% 3,225 11.37% 3,013 10.87% 3,225 11.37% 3,182 11.87% 2,191 8.43% Total Liabilities 12,451 44.75% 14,284 49.80% 14,309 48.94% 14,018 49.44% 13,697 49.42% 14,018 49.44% 14,195 52.96% 13,789 53.08% Common Stocks 5,186 18.64% 4,650 16.21% 4,650 15.90% 4,650 16.40% 4,650 16.78% 4,650 16.40% 4,515 16.84% Shareholders Equity 15,370 55.24% 14,400 50.20% 14,930 51.06% 14,337 50.56% 14,019 50.58% 14,337 50.56% 12,610 47.04% 4,259 16.39% 12,189 46.92% *Un-audited numbers 19#21Consolidated Cash Flow Statement 3Q10* 2Q10 1Q10* 4Q10 3Q09* 2009 2008 2007 Unit: NTD mn Amount Amount Amount Amount Amount Amount Amount Amount Operating Activities 549 980 831 935 758 3,691 2,452 2,412 Net Income 350 461 617 639 601 2,022 532 1,061 Dep. & Amortization 324 542 522 570 508 2,054 1,805 1,574 Investment Gain (96) (77) (35) (126) (67) (215) (79) (128) Others (29) 54 54 (273) (148) (284) (170) 194 (95) Investing Activities (950) (965) (852) (555) (277) (1,899) (2,420) (2,937) LT Investments 17 (126) (86) 0 0 0 (80) (90) Purchases/Disposal F.A. (919) (811) (703) (664) (437) (1,934) (2,308) (2,844) Others (15) (28) (149) 109 160 35 (32) (3) Financing Activities 233 (220) 327 (121) (852) (1,874) 864 688 S/L Debt 264 469 210 14 (869) (1,524) 1,361 444 Bonds Payable 0 (120) 0 (120) 1 (471) (369) 458 Dividends 0 (653) 0 0 (131) (131) (227) (203) Others (31) (156) 117 (15) 147 252 99 (11) Cash at the beginning 1,877 2,045 1,723 1,467 1,749 1,727 1,135 890 Cash at the end period 1,543 1,877 2,045 1,723 1,467 1,723 1,727 1,135 *Un-audited numbers TY☺ TONG YANG GROUP 20#22< TY TONG YANG GROUP About Us lions Group 網址(D) http://www.tyg.com.tw/e-ir.htm TY☺ TONG YANG GROUP 百 X Langeage GO > Claim E X-klusive Diamond-Q News IR Recruiter Products The accumulated EPS of Taiwan Kai Yih for the first 11 months is NT$3.72. products are certif Location: Home /Investor Relations Issued Securities Financial Report Investor Relations Earning Release IR Calendar Analyst Coverage Presentation Handout Maintain Control 2314.00 2.413! 0072032.00 1.213.09 004 1.321.00 .00 00009 1,23400 63.00 e-mail Dear Tong Yang Group's Investors and Financial Analysts, Thank you for your continued confidence and support in TYG.In this section, it is our great pleasure to provide you with important TYG investment information for your reference. In alignment with TYG's goal of building up global distribution and manufacturing channels, we invested in the important vehicle consumption market from 1995 to 2004. In Asia, we invested in Thailand (I.K.I plant) and in China, including seven main plastic product plants (Chongqing, Nanjing, Fuzhou, Changchun, Harbin, Wuhu); four plastic coating plants TYG IR Web-Site: http://www.tyg.com.tw/e-IR.htm Please check on our web-site for more updates Confidentiality The information provided to you in this presentation is given on a confidential basis and must not be passed to, or their contents disclosed to, any other person and no copy shall be taken thereof. 21