ACER — Interim / Quarterly Report 2021

May 31, 2021

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2021 First Quarter Earnings May 2021

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Disclaimer

The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties.

Acer’s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future, based on current available information and underlying assumptions.

Acer does not warranty their accuracy, reliability and completeness. There are a number of factors such as economic conditions, firms abilities, industry environment that could cause actual results and developments to differ materially from those expressed or implied by forward looking statements. Investors should not place undue reliance on them.

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1

Statements of Comprehensive Income –1Q 2021

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QoQ YoY
1Q21 4Q20 1Q20
(NT$ million) Change Change
Revenue 71,555 100% 82,619 100% -13% 48,855 100% 46%
Realized Gross Profit 8,312 11.6% 9,631 11.7% -14% 4,951 10.1% 68%
Operating Expenses 5,535 7.7% 5,780 7.0% -4.2% 4,956 10.1% 11.7%
Operating Income 2,806 3.9% 3,879 4.7% -28% 19 0.0% 14667%
Non-Operating Income 969 1.4% (647) -0.8% N.A. 761 1.6% 27%
Profit Before Tax 3,776 5.3% 3,232 3.9% 17% 780 1.6% 384%
Profit After Tax 2,743 3.8% 1,992 2.4% 38% 558 1.1% 392%
EPS (NT$) 0.91 0.67 36% 0.18 406%
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Note:

[1] Acer’s gaming line includes desktops, notebooks, and monitors.

[2] Year-on-year revenue growth for the gaming line[[1] ] was up by 87.6%, for Chromebooks by 141.1%, for commercial notebooks by 87.6%, and for Monitors by 41.8%.

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2

Net Sales and Gross Margin Trend

Net Sales Unit: NT$ billion

Net Sales(LHS) Gross Margin

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100.0
82.6
80.1
80.0
71.6
65.6
62.9 61.6
60.0 55.1
48.9
11.7% 11.6%
40.0 10.8% 10.6% 10.3% 10.1% 10.9% 10.5%
20.0
-
2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21
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3

Operating Income and Operating Margin Trend

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Operating Income
Unit: NT$ million Operating Income(LHS) Operating Margin
5,000 4.70%
4,500
3.92%
3,879
4,000 3.24% 3.64%
3,500
2,911
2,806
3,000
2,500 2,127
1.89%
2,000
1,500 1.06% 1.23% 1,165
1,000 584 775
0.04%
500
19
0
2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21
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4

Consolidated Balance Sheet

(NT$million)	Mar-21	Mar-21	Dec-20	Dec-20	Mar-20	Mar-20
Cash and cash equivalents	34,103	19%	39,181	21%	28,209	20%
Notes & Accounts receivable	51,060	28%	55,198	30%	39,612	28%
Inventories	50,444	27%	42,983	23%	34,090	24%
Long-term Investment	7,864	4%	7,118	4%	5,318	4%
Property, plant and equipment	3,874	2%	3,866	2%	3,498	2%
Intangible asset	16,278	9%	16,293	9%	16,964	12%
Total Assets	183,522	100%	183,909	100%	142,669 6,482	100%
Short-term loan	524	0%	1,047	1%		5%
Notes & Accountspayable	44,526	24%	49,406	27%	23,732	17%
Total Current Liabilities	111,654	61%	110,720	60%	76,082	53%
Long-term loan	3,417	2%	3,395	2%	3,343	2%
Total Liabilities	123,027	67%	121,967	66%	86,241 56,428	60%
Total Shareholders' Equity*	60,495	33%	61,942	34%		40%

Notes:

1. Total outstanding common shares: 3,001,107,538 shares; Book value per share NT$ 19.51.

2. Total Shareholders' Equity includes Non-Controlling Interests

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5

Revenue Breakdown by Geography

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Q1 2020 Q4 2020
35%
31%
40% 34%
29% 31%
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Q4 2020 Q1 2021
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35%
37%
28%
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NT$ 48,855 Million
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NT$ 82,619 Million

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NT$ 71,555 Million
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Pan Asia Pacific Pan America EMEA

Notes:

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1. Pan Asia Pacific includes Asia Pacific, Japan, Taiwan, Hong Kong, and Mainland China.

2. EMEA includes Europe, Middle East and Africa

6

Revenue Breakdown by Application

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Q1 2020 Q4 2020 Q1 2021
18% 14%
11% [13%] 11%
13%
58% 9% 9%
11% 67% 66%
NT$ 48,855 Million NT$ 82,619 Million NT$ 71,555 Million
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Others

Display

Desktop PC

Notebook

Notes:

1. NB includes detachable 2-in-1 NB PC.

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1. Desktop PC excludes displays.

2. Display includes desktop monitor and projector.

3. Others include servers, android device, service, accessories, and subsidiaries.

7

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