RECONCILIATIONS OF NON-GAAP MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES

The table below sets forth a reconciliation of our operating profit to non-GAAP free cash flow for the periods indicated:

Three months ended

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2015

USD

USD

USD

Operating profit

13.1

16.0

23.1

Add: Depreciation

25.8

25.1

23.4

         Amortization

0.0

0.0

0.0

         Interest income

0.4

0.4

0.6

Less: Capital expenditures

(26.1)

(35.0)

(21.9)

         Non-controlling interest

(6.9)

(4.1)

(7.9)

         Interest expense

(1.0)

(1.0)

(1.0)

         Income tax expense

(4.6)

(3.2)

(11.2)

         Dividend

-

-

-

Non-GAAP free cash flow

0.7

(1.8)

5.1

The table below sets forth a reconciliation of our operating profit to non-GAAP EBITDA for the periods indicated:

Three months ended

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2015

USD

USD

USD

Operating profit

13.1

16.0

23.1

Add: Depreciation

25.8

25.2

23.4

         Amortization

0.0

0.0

0.0

Non-GAAP EBITDA

38.9

41.2

46.5

The table below sets forth a calculation of our non-GAAP net debt to equity ratio for the periods indicated:

Jun. 30, 2016

Mar. 31, 2016

Jun. 30, 2015

USD

USD

USD

Short-term bank loans

44.6

39.0

37.2

Long-term bank loans

(including current portion)

255.8

240.8

226.0

Less: Cash and cash equivalents

(402.6)

(411.4)

(455.4)

Net debt

(102.2)

(131.6)

(192.2)

Equity attributable to equity holders of the Company

397.5

401.5

464.1

Net debt to equity ratio

-25.7%

-32.8%

-41.4%

Contact s :

In Taiwan

Dr. S.K. Chen

ChipMOS TECHNOLOGIES (Bermuda) LTD.

+886-6-507-7712

Email Contact

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

Email Contact