ALi — Interim / Quarterly Report 2018

Aug 13, 2018

ALi Corporation (3041 TT) 2Q18 Investor Conference

August 13[th] , 2018

Public

1

2Q18 Consolidated Quarterly Results

 2Q18 revenue reached NT$599 million, QoQ 9%, YoY-33%  Gross profit margin was 21%

• Operating profit margin was -40%

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NT$ million
1,000 100%
Sales GPM (%) OPM (%)
899
900
800
700
50%
599
600
552
28%
500
30%
21%
400
0%
300
-16%
200
-36%
100 -40%
- -50%
2Q17 3Q17 4Q17 1Q18 2Q18
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2Q18 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars 2Q18 1Q18 2Q17 QoQ YoY
exceptEarnings Per Share)
Net sales 599,985 100% 551,936 100% 899,706 100% 9% -33%
Cost of goods sold (471,447) (384,527) (644,630) 23% -27%
Gross profits 128,538 21% 167,409 30% 255,076 28% -23% -50%
Operating expenses:
Selling expenses (39,006) (39,259) (51,970) -1% -25%
Administrative expenses (53,151) (59,920) (69,658) -11% -24%
Research and development expenses (274,336) (264,428) (276,882) 4% -1%
Expected Credit Losses (12) (14) -14% n/a
Total operating expenses (366,505) (363,621) (398,510) 1% -8%
Operating income (237,967) -40% (196,212) -36% (143,434) -16% 21% 66%
Non-operating income and gain (expense &
20,822 10,446 23,572 99% -12%
loss)
Income before income tax (217,145) (185,766) (119,862) 17% 81%
Income tax (expense) benefit 43,438 89,462 20,590 -51% 111%
Net income (173,707) (96,304) (99,272) 80% 75%
Earnings Per Share (in New Taiwan Dollars) (0.59) (0.33) (0.34)
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2Q18 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Jun 30, 2018 Mar 31, 2018 Jun 30, 2017
Cash, cash equivalents and investments
in marketable financial instruments 2,161,733 2,689,854 3,282,926
Notes and accounts receivable 264,140 137,313 237,798
Inventory (net) 691,617 813,040 582,756
Other current assets 252,893 266,957 323,441
Total current assets 3,370,383 3,907,164 4,426,921
Long-term Investments 78,490 77,079 58,203
Net PP&E 626,206 618,270 634,556
Intangible assets 148,711 168,060 156,530
Other assets 466,860 422,072 270,000
Total assets 4,690,650 5,192,645 5,546,210
Notes and accounts payable 286,111 614,578 540,847
Other current liabilities 265,116 258,703 358,654
Non-current liabilities 10,656 12,047 13,154
Total liabilities 561,883 885,328 912,655
Total shareholders' equity 4,128,767 4,307,317 4,633,555
Key Indices
A/R Turnover Days (net) 30 34 26
Inventory Turnover Days (net) 145 164 83
Current Ratio 6.1 4.5 4.9
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Quarterly Revenue Breakdown

1Q18

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0~5%
50~55%
40~45 %
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2Q18
0~5% 60~65%
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