ALi — Interim / Quarterly Report 2019

Aug 6, 2019

ALi Corporation (3041 TT) 1H19 Investor Conference

August 6[th] , 2019

Public

1

1H19 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except Earnings
1H19 1H18 YoY
Per Share)
Net sales 994,469 100% 1,151,921 100% -14%
Cost of goods sold (686,926) (855,974) -20%
Gross profits 307,543 31% 295,947 26% 4%
Operating expenses:
Selling expenses (59,115) (78,265) -24%
Administrative expenses (109,552) (113,071) -3%
Research and development expenses (416,297) (538,764) -23%
expected credit loss 6,057 (26)
Total operating expenses (578,907) (730,126) -21%
Operating income (271,364) -27% (434,179) -38% -37%
Non-operating income and gain (expense & loss) 30,583 31,268 -2%
Income before income tax (240,781) (402,911) -40%
Income tax (expense) benefit 45,157 132,900 -66%
Net income (195,624) (270,011) -28%
Earnings Per Share (in New Taiwan Dollars) (0.66) (0.91)
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1H19 Consolidated Quarterly Results

 1H19 revenue reached NT$ 994million, YoY -14%  Gross profit was NT$ 307 million, GMP from 26% to 31%  Operating loss was NT$ 271 million, OPM from -38% to -27%

NT$ million

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1,400
Sales GMP% OPM%
80%
1,200 1,152
994
1,000
31% 26%
30%
800
600
400 -27% -20%
200 -38%
- -70%
1H19 1H18
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Revenue Composition

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1H19
7%
31% 62%
30~35 %
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FY18
5%
32%
63%
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25~30% Pay-TV Operator STB Retail STB Others (Non-STB)

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

1H19 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Jun 30, 2019 Dec 31, 2018 Jun 30, 2018
Cash, cash equivalents and investments
in marketable financial instruments 1,995,284 2,356,905 2,161,733
Notes and accounts receivable 182,488 222,324 264,140
Inventory (net) 214,779 294,158 691,617
Other current assets 158,257 201,247 252,893
Total current assets 2,550,808 3,074,634 3,370,383
Long-term Investments 72,376 73,812 78,490
Net PP&E 629,744 609,452 626,206
Intangible assets 169,200 126,197 148,711
Other assets 730,367 583,401 466,860
Total assets 4,152,495 4,467,496 4,690,650
Notes and accounts payable 265,802 405,480 286,111
Other current liabilities 397,808 414,364 265,116
Non-current liabilities 19,865 6,746 10,656
Total liabilities 683,475 826,590 561,883
Total shareholders' equity 3,469,020 3,064,906 4,128,767
Key Indices
A/R Turnover Days (net) 35 36 30
Inventory Turnover Days (net) 73 61 145
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Thank You

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Public