ACER — Interim / Quarterly Report 2023

May 4, 2023

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2023 First Quarter Earnings May 2023

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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 2023

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QoQ YoY
1Q23 4Q22 1Q22
(NT$ million) Change Change
Revenue 52,457 100% 59,837 100% -12% 78,378 100% -33%
Gross Profit 5,363 10.2% 6,328 10.6% -15% 8,853 11.3% -39%
Operating Expenses 5,138 9.8% 5,327 8.9% -3.5% 5,958 7.6% -14%
Operating Income 239 0.5% 1,011 1.7% -76% 2,914 3.7% -92%
-
Non-Operating Income 704 1.3% (1,480) -2.5% 188 0.2% 275%
-
Profit Before Tax 942 1.8% (469) -0.8% 3,102 4.0% -70%
Profit After Tax 515 1.0% (832) -1.4% - 2,235 2.9% -77%
EPS (NT$) 0.17 (0.27) 0.74
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Note: Chromebook revenues grew 44.4% in Q1 quarter-over-quarter.

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2

Net Sales and Gross Margin Trend

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Net Sales Net Sales(LHS) Gross Margin
Unit: NT$ billion
100.0
86.5
79.8 81.1 78.4
80.0 72.3
12.0%
64.9
11.5% 11.5% 59.8
11.3%
60.0 11.1% 52.5
10.6%
10.2%
10.1%
40.0
20.0
-
2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23
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3

Operating Income and Operating Margin Trend

Operating Income Unit: NT$ million

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
	3,979 3,911
	3,467
	2,914 4.99% 452%
	4.27% .
	2,174 3.72%
	3.01%
	829 1,011
	1.28% 1.69%
	239 0.45%
	2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Operating Income(LHS) Operating Margin

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4

Consolidated Balance Sheet

(NT$million)	Mar-23	Mar-23	Dec-22	Dec-22	Mar-22	Mar-22
Cash and cash equivalents	41,541	22%	46,843	25%	28,088	13%
Notes & Accounts receivable	50,290	27%	51,364	27%	69,557	33%
Inventories	39,457	21%	42,213	22%	63,859	30%
Long-term Investment	11,474	6%	9,576	5%	9,332	4%
Property, plant and equipment	4,354	2%	4,299	2%	4,084	2%
Intangible asset	18,604	10%	18,531	10%	17,075	8%
Total Assets	187,462	100%	189,040	100%	210,817 1,769	100%
Short-term loan	1,581	1%	1,710	1%		1%
Notes & Accountspayable	31,201	17%	31,550	17%	44,879	21%
Total Current Liabilities	100,551	54%	99,524	53%	128,177	61%
Long-term loan	10,091	5%	10,104	5%	10,100	5%
Total Liabilities	119,561	64%	118,606	63%	147,395 63,421	70%
Total Shareholders' Equity2	67,901	36%	70,434	37%		30%

Notes:

1. Total outstanding common shares: 3,001,107,538 shares; Book value per share NT$21.05.

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1. Total Shareholders' Equity includes Non-Controlling Interests

5

Revenue Breakdown by Geography

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Q1 2022 Q4 2022 Q1 2023
32.4% 22.0% 23.8%
43.1%
52.7% 52.9%
25.3% 23.3%
24.5%
NT$ 78,378 Million NT$ 59,837 Million NT$ 52,457 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 2022 Q4 2022 Q1 2023
18.4%
26.3% 29.6%
10.3% 51.0% 49.9%
61.0%
10.3% 11.3% 9.9%
11.4% 10.6%
NT$ 78,378 Million NT$ 59,837 Million NT$ 52,457 Million
Note:
Others Display Desktop PC Notebook
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Notes:

1. Desktop PC excludes displays.

2. Display includes desktop monitor and projector.

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1. Others include 9 public subsidiaries and businesses under incubation.

7

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