ALi — Interim / Quarterly Report 2017

Mar 28, 2018

ALi Corporation (3041 TT) 4Q17 Investor Conference

March 28[th] , 2018

Public

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4Q17 Consolidated Quarterly Results

 4Q17 revenue reached NT$675 million, QoQ -21%, YoY-19%  Gross profit margin was 29%  Operating profit margin was -30%

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NT$ million
1,000 100%
Sales GPM (%) OPM (%)
900
857
831
800
700 675
50%
600 36%
30% 29%
500
400
0%
300 -10%
-17%
200
-30%
100
- -50%
4Q16 1Q17 2Q17 3Q17 4Q17
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2017 Consolidated Annual Results

• 2017 annual revenue reached NT$3,187million, YoY-6%

• Gross profit margin was 29%

• Operating profit margin was -20%

• NT$ million

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3,700
Sales GPM (%) OPM (%)
90%
3,600
3,500
3,401
3,400 60%
3,300
37% 3,187
3,200
30%
29%
3,100
3,000
0%
2,900
-11%
2,800 -20%
2,700 -30%
2016 2017
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4Q17 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars 4Q17 3Q17 4Q16 QoQ YoY
exceptEarnings Per Share)
Net sales 675,324 100% 857,074 100% 831,494 100% -21% -19%
Cost of goods sold (478,334) (602,845) (533,706) -21% -10%
Gross profits 196,990 29% 254,229 30% 297,788 36% -23% -34%
Operating expenses:
Selling expenses (40,754) (48,935) (42,784) -17% -5%
Administrative expenses (66,881) (73,230) (65,048) -9% 3%
Research and development expenses (294,436) (275,939) (273,562) 7% 8%
Total operating expenses (402,071) (398,104) (381,394) 1% 5%
Operating income (205,081) -30% (143,875) -17% (83,606) -10% 43% 145%
Non-operating income and gain (expense &
18,080 15,780 (300,106) 15% n/a
loss)
Income before income tax (187,001) (128,095) (383,712) 46% -51%
Income tax (expense) benefit 36,650 22,581 10,265 62% 257%
Net income (150,351) (105,514) (373,447) 42% -60%
-21%
Earnings Per Share (in New Taiwan Dollars) (0.51) (0.36) (1.27)
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2017 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars) 2017 2016 YoY
Net sales 3,187,062 100% 3,400,744 100% -6%
Cost of goods sold (2,274,329) (2,154,403) 6%
Gross profits 912,733 29% 1,246,341 37% -27%
Operating expenses
Selling expenses (186,298) (239,486) -22%
Administrative expenses (271,743) (255,350) 6%
Research and development expenses (1,089,850) (1,129,398) -4%
Total operating expenses (1,547,891) (1,624,234) -5%
Operating income (635,158) -20% (377,893) -11% 68%
Non-operating income and gain(expense & loss) 62,529 (248,672) n/a
Income before income tax (572,629) (626,565) -9%
Income tax(expense)benefit 103,525 51,257 102%
Net income (469,104) (575,308) -18%
Earnings Per Share (in New Taiwan Dollars) (1.60) (1.95)
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4Q17 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Dec 31, 2017 Sep 30, 2017 Dec 31, 2016
Cash, cash equivalents and investments
in marketable financial instruments 2,903,342 2,979,478 3,565,358
Notes and accounts receivable 281,223 270,828 238,759
Inventory (net) 588,499 686,987 552,363
Other current assets 260,711 304,077 323,021
Total current assets 4,033,775 4,241,370 4,679,501
Long-term Investments 75,209 58,455 60,410
Net PP&E 617,193 629,080 641,251
Intangible assets 175,351 137,918 170,971
Other assets 329,165 293,337 225,142
Total assets 5,230,693 5,360,160 5,777,275
Notes and accounts payable 407,748 471,692 448,124
Other current liabilities 419,288 327,897 419,500
Non-current liabilities 8,218 12,990 17,626
Total liabilities 835,254 812,579 885,250
Total shareholders' equity 4,395,439 4,547,581 4,892,025
Key Indices
A/R Turnover Days (net) 38 27 24
Inventory Turnover Days (net) 123 97 99
Current Ratio 4.9 5.3 5.4
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2017 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices) 2017 2016
Selected Items from Balance Sheet:
Cash & financial asset current 2,903,342 3,565,358
Notes and accounts receivable 281,223 238,759
Inventory (net) 588,499 552,363
Other current asset 260,711 323,021
Total current asset 4,033,775 4,679,501
Funds and Investments 75,209 60,410
Net PP&E 617,193 641,251
Intangible assets 175,351 170,971
Other assets 329,165 225,142
Total assets 5,230,693 5,777,275
Notes & accounts payable 407,748 448,124
Other current liabilities 419,288 419,500
Other liabilities 8,218 17,626
Total liabilities 835,254 885,250
Total shareholders' equity 4,395,439 4,892,025
Key Indices
A/R Turnover Days (net) 30 27
Inventory Turnover Days (net) 92 85
Current Ratio 4.9 5.4
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Quarterly Revenue Breakdown

3Q17

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5~10% 45~50
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4Q17
5~10% 40~45%
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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)

Annual Revenue Breakdown

2016

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5~10 % 35~40%
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55~60%
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2017
5~10 % 40~45%
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50~55%
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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

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