ALi — Interim / Quarterly Report 2017

Nov 14, 2017

ALi Corporation (3041 TT) 3Q17 Investor Conference

November 14[th] , 2017

Public

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3Q17 Consolidated Quarterly Results

• 3Q17 revenue reached NT$857 million, QoQ -5%, YoY 8%

• Gross profit margin was 30%

• Operating profit margin was -17%

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NT$ million
950
Sales GPM (%) OPM (%) 90%
899
900
857
60%
850
36%
791
800 28% 30%
30%
750
0%
700
-14%
-16% -17%
650 -30%
3Q16 4Q16 1Q17 2Q17 3Q17
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3Q17 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except
3Q17 2Q17 3Q16 QoQ YoY
Earnings Per Share)
Net sales 857,074 100% 899,706 100% 790,877 100% -5% 8%
Cost of goods sold (602,845) (644,630) (506,611) -6% 19%
Gross profits 254,229 30% 255,076 28% 284,266 36% -0% -11%
Operating expenses:
Selling expenses (48,935) (51,970) (58,266) -6% -16%
Administrative expenses (73,230) (69,658) (64,537) 5% 13%
Research and development expenses (275,939) (276,882) (275,602) -0% 0%
Total operating expenses (398,104) (398,510) (398,405) -0% -0%
Operating income (143,875) -17% (143,434) -16% (114,139) -14% 0% 26%
Non-operating income and gain (expense &loss) 15,780 23,572 10,637 -33% 48%
Income before income tax (128,095) (119,862) (103,502) 7% 24%
Income tax (expense) benefit 22,581 20,590 20,337 10% 11%
(105,514) (99,272) (83,165) 6% 27%
Net income
Earnings Per Share (in New Taiwan Dollars)
(0.36) (0.34) (0.28)
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3Q17 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Sep 30, 2017 June 30, 2017 Sep 30, 2016
Cash, cash equivalents and investments
in marketable financial instruments 2,979,478 3,282,926 3,575,810
Notes and accounts receivable 270,828 237,798 196,525
Inventory (net) 686,987 582,756 597,177
Other current assets 304,077 323,441 274,948
Total current assets 4,241,370 4,426,921 4,644,460
Long-term Investments 58,455 58,203 61,154
Net PP&E 629,080 634,556 652,324
Intangible assets 137,918 156,530 514,413
Other assets 293,337 270,000 214,788
Total assets 5,360,160 5,546,210 6,087,139
Notes and accounts payable 471,692 540,847 410,313
Other current liabilities 327,897 358,654 392,977
Non-current liabilities 12,990 13,154 21,275
Total liabilities 812,579 912,655 824,565
Total shareholders' equity 4,547,581 4,633,555 5,262,574
Key Indices
A/R Turnover Days (net) 27 26 22
Inventory Turnover Days (net) 97 83 109
Current Ratio 5.3 4.9 5.8
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Quarterly Revenue Breakdown

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2Q17
5~10% 35~40%
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55~60 60~65% %
65~70%
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3Q17
5~10% 45~50%
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45~50 %
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Pay-TV Operator STB Retail STB Others (Non-STB)

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Pay-TV Operator STB Retail STB Others (Non-STB)

Thank You

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Public