ACER — Interim / Quarterly Report 2024

May 9, 2024

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2024 First Quarter Earnings May 2024

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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 – Q1 2024

(NT$ million)	1Q24	1Q24	4Q23	4Q23	QoQ Change	1Q23	1Q23	YoY Change
Revenue	**58,832 **	**100% **	63,146	100%	**-6.8% **	52,457	100%	12.2%
Gross Profit	**6,196 **	**10.5% **	6,911	10.9%	**-10.4% **	**5,363 **	10.2%	15.5%
OperatingExpenses	5,428	9.2%	5,530	8.8%	-1.8%	5,138	9.8%	5.6%
Operating Income	781	**1.3% **	1,395	2.2%	**-44% **	239	0.5%	227%
Non-OperatingIncome	1,336	2.3%	264	0.4%	405%	704	1.3%	90%
Profit Before Tax	2,117	**3.6% **	1,659	2.6%	**28% **	942	1.8%	125%
Profit After Tax	1,202	**2.0% **	1,017	1.6%	**18% **	515	1.0%	133%
EPS(NT$)	0.40		0.34			0.17

Note: Notebook business revenues grew 10.7% YoY; Desktop business revenues grew 12.3% YoY; Gaming business revenues grew 9.5% YoY, and Chromebook business revenues grew 10.1% YoY in Q1 2024.

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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
80
72.3
67.4
64.9
63.1
59.8 58.3 58.8
60
52.5
40 11.1% 10.9%
10.7% 10.8%
10.6% 10.5%
10.1% 10.2%
20
0
2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
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3

Operating Income and Operating Margin Trend

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Operating Income
Unit: NT$ million
2,500
2,174
2,000
1,546
1,500 1,395
1,011 1,046
3.01%
1,000 829
781
2.29%
2.21%
500 1.69% 1.80%
1.28% 239
1.33%
0.45%
0
2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24
Operating Income(LHS) Operating Margin
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4

Consolidated Balance Sheet

(NT$million)	Mar-24	Mar-24	Dec-23	Dec-23	Mar-23	Mar-23
Cash and cash equivalents	44,641	20%	48,134	23%	41,541	22%
Notes & Accounts receivable	57,170	26%	52,308	25%	50,290	27%
Inventories	47,949	22%	43,553	21%	39,457	21%
Long-term Investment	20,202	9%	17,508	8%	11,474	6%
Property, plant and equipment	7,128	3%	4,424	2%	4,354	2%
Intangible asset	19,452	9%	18,855	9%	18,604	10%
Total Assets	218,655	100%	208,734	100%	187,462 1,581 31,201	100%
Short-term loan Notes & Accountspayable	1,069 44,981	0% 21%	1,016 44,701	0% 21%		1% 17%
Total Current Liabilities	117,610	54%	107,210	51%	100,551	54%
Long-term loan	11,964	5%	11,565	6%	10,091	5%
Total Liabilities	139,302	64%	128,392	62%	119,561 67,901	64%
Total Shareholders' Equity2	79,353	36%	80,342	38%		36%

Notes:

1. Total outstanding common shares: 3,006,207,538 shares; Book value per share NT$24.53.

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1. The Board has sanctioned a cash dividend of NT$1.6 for each share in March 2024. The ex-dividend date is set for June 26, and the dividend will be distributed on July 25.

2. Total Shareholders' Equity includes Non-Controlling Interests.

5

Revenue Breakdown by Geography

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Q1 2023 Q4 2023 Q1 2024
23.8%
24.5% 26.3%
52.9% 51.1% 50.4%
23.3%
24.4% 23.3%
NT$ 52,457 Million NT$ 63,146 Million NT$ 58,832 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 2023 Q4 2023 Q1 2024
29.6% 26.7% 29.4%
49.9% 53.2% 51.1%
9.9% 8.8% 8.5%
10.6% 11.3% 11.0%
NT$ 52,457 Million NT$ 63,146 Million NT$ 58,832 Million
Note:
Non-PC 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. Non-PC include 12 public subsidiaries and businesses under incubation. Please refer to Acer English annual report for the year 2022 pages 138-154.

7

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