ALi — Interim / Quarterly Report 2018

Nov 13, 2018

ALi Corporation (3041 TT) 3Q18 Investor Conference

November 13[th] , 2018

Public

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3Q18 Consolidated Quarterly Results

 3Q18 revenue reached NT$672 million, QoQ 12%, YoY -21%  Gross profit was NT$87 million, QoQ -32%, YoY -66%  Operating loss was NT$273 million, QoQ 15%, YoY 90%

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NT$ million
900 100%
857 Sales GPM (%) OPM (%)
800
700 675 672
600
600 50%
552
500 30%
29% 30%
400
21%
13%
300 0%
-17%
200
100 -36%
-40% -41%
-30%
- -50%
3Q17 4Q17 1Q18 2Q18 3Q18
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3Q18 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except 3Q18 2Q18 3Q17 QoQ YoY
Earnings Per Share)
Net sales 672,872 100% 599,985 100% 857,074 100% 12% -21%
Cost of goods sold (585,538) (471,447) (602,845) 24% -3%
Gross profits 87,334 13% 128,538 21% 254,229 30% -32% -66%
Operating expenses:
Selling expenses (45,955) (39,006) (48,935) 18% -6%
Administrative expenses (58,150) (53,151) (73,230) 9% -21%
Research and development expenses (252,930) (274,336) (275,939) -8% -8%
Total operating expenses (360,648) (366,505) (398,104) -2% -9%
Operating income (273,314) -41% (237,967) -40% (143,875) -17% 15% 90%
Non-operating income and gain (expense &
17,513 20,822 15,780 -16% 11%
loss)
Income before income tax (255,801) (217,145) (128,095) 18% 100%
Income tax (expense) benefit 49,447 43,438 22,581 14% 119%
Net income (206,354) (173,707) (105,514) 19% 96%
Earnings Per Share (in New Taiwan Dollars) (0.70) (0.59) (0.36)
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3Q18 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Sep 30, 2018 Jun 30, 2018 Sep 30, 2017
Cash, cash equivalents and investments
in marketable financial instruments 2,396,584 2,161,733 2,979,478
Notes and accounts receivable 239,819 264,140 270,828
Inventory (net) 430,526 691,617 686,987
Other current assets 170,263 252,893 304,077
Total current assets 3,237,192 3,370,383 4,241,370
Long-term Investments 75,355 78,490 58,455
Net PP&E 617,225 626,206 629,080
Intangible assets 126,896 148,711 137,918
Other assets 519,108 466,860 293,337
Total assets 4,575,776 4,690,650 5,360,160
Notes and accounts payable 356,398 286,111 471,692
Other current liabilities 291,731 265,116 327,897
Non-current liabilities 6,038 10,656 12,990
Total liabilities 654,167 561,883 812,579
Total shareholders' equity 3,921,609 4,128,767 4,547,581
Key Indices
A/R Turnover Days (net) 34 30 27
Inventory Turnover Days (net) 88 145 97
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Quarterly Revenue Breakdown

2Q18

3Q18

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0~5%
60~65%
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30~3530~35% %
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0~5% 65~70%
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25~30%
30~35%
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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