ALi — Interim / Quarterly Report 2017

Aug 28, 2017

ALi Corporation (3041 TT) 2Q17 Investor Conference

August 11[th] , 2017

Public

1

2Q17 Consolidated Quarterly Results

• 2Q17 revenue reached NT$899 million, QoQ 19%, YoY 13%

• Gross profit margin was 28%

• Operating profit margin was -16%

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NT$ million
950
Sales GPM (%) OPM (%)
90%
899
900
60%
850
797
800
30%
28%
755
750
0%
700
-16% -19% -16%
650 -30%
2Q16 3Q16 4Q16 1Q17 2Q17
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2Q17 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except
2Q17 1Q17 2Q16 QoQ YoY
Earnings Per Share)
Net sales 899,706 100% 754,958 100% 796,637 100% 19% 13%
Cost of goods sold (644,630) (548,520) (500,846) 18% 29%
Gross profits 255,076 28% 206,438 27% 295,791 37% 24% -14%
Operating expenses:
Selling expenses (51,970) (44,639) (67,483) 16% -23%
Administrative expenses (69,658) (61,974) (60,767) 12% 15%
Research and development expenses (276,882) (242,593) (298,239) 14% -7%
Total operating expenses (398,510) (349,206) (426,489) 14% -7%
Operating income (143,434) -16% (142,768) -19% (130,698) -16% 0% 10%
Non-operating income and gain (expense &loss) 23,572 5,097 21,751 362% 8%
Income before income tax (119,862) (137,671) (108,947) -13% 10%
Income tax (expense) benefit 20,590 23,704 16,126 -13% 28%
(99,272) (113,967) (92,821) -13% 7%
Net income
Earnings Per Share (in New Taiwan Dollars)
(0.34) (0.39) (0.31)
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2Q17 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet June 30, 2017 March 31, 2017 June 30, 2016
Cash, cash equivalents and investments
in marketable financial instruments 3,282,926 3,265,165 3,639,989
Notes and accounts receivable 237,798 272,793 187,092
Inventory (net) 582,756 590,828 600,965
Other current assets 323,441 301,760 375,299
Total current assets 4,426,921 4,430,546 4,803,345
Long-term Investments 58,203 57,997 63,763
Net PP&E 634,556 632,213 663,747
Intangible assets 156,530 149,422 421,869
Other assets 270,000 248,542 193,432
Total assets 5,546,210 5,518,720 6,146,156
Notes and accounts payable 540,847 474,493 388,943
Other current liabilities 358,654 274,172 324,306
Non-current liabilities 13,154 12,903 25,308
Total liabilities 912,655 761,568 738,557
Total shareholders' equity 4,633,555 4,757,152 5,407,599
Key Indices
A/R Turnover Days (net) 26 30 23
Inventory Turnover Days (net) 83 94 110
Current Ratio 4.9 5.9 6.7
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Quarterly Revenue Breakdown

1Q17

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5~10 % 40~45%
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45~50 60~65% %
55~60% 65~70%
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2Q17
5~10% 35~40%
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55~60 %
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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