HANA Microelectronics Group. : Content Management
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Group Consolidated Result Year Ended [31st December, 2021]

Hana Microelectronics Public Company Limited
GROUP CONSOLIDATED RESULT
Year ENDED 31st December, 2021

Hana Microelectronics Group 'Hana' Sales Revenue increased 23% year on year, at THB 23.8 billion in year 2021
from THB 19.3 billion in year 2020. Sales Revenue in USD terms increased by 21% to USD 743m in 2021 from
USD 616m in 2020. Earnings from Operations increased 29% to THB 2,219m in 2021 from 1,725m in 2020.




HIGHLIGHTS

Group Sales increased 23% in 2021 to THB 23,780m from 2020 at THB 19,282m due to market recovery from the lower
sales revenues in 2020 due to the COVID-19 pandemic.

USD sales were 21% higher in 2021 at USD 744m up from USD 616m in 2020 as the average THB/USD exchange rate
weakened 2% to THB/USD 31.98 in 2021 from THB/USD 31.29 in 2020.

The Microelectronics divisions' sales revenue increased 16% [19% in THB terms] in 2021 over 2020. The microelectronics
operation in Lamphun sales increased 16% [+18% in THB terms] and JXG increased by 18% [+21% in THB terms] in 2021.
In 2021 IC assembly sales overall increased by 25% in USD terms [+28% in THB terms]. Specifically, IC AYT sales
increased 23% [+25% in THB terms], and IC JXG USD sales increased by 49% [+52% in THB terms].
Hana Technologies Inc "HTI", sales increased 37% [+41% THB] for the year.

Gross Profit increased by THB 739m with the gross margin being 14% in 2021 up 1 percentage points from 13% in 2020.
+1% points higher gross margin due to greater economies of scale from higher revenues in 2021.

The Earnings from Operations margin was similar at 9% in 2021 and 2020 due to higher salary expenses from resumption in
bonus payments during 2021 and increased R&D expenses in the IC operation in Korea. SGA including R&D expenses
were 17% higher in 2021 than 2020. Exceptional items were THB 420m (USD 12.7m) write down to zero of the balance
of the Credit Suisse Supply Chain Fund.

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