ALi — Interim / Quarterly Report 2018

Mar 25, 2019

ALi Corporation (3041 TT) 4Q18 Investor Conference

March 25[th] , 2019

Public

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4Q18 Consolidated Quarterly Results

 4Q18 revenue reached NT$ 588 million, QoQ -13%, YoY -13%  Gross profit was NT$ 41 million, QoQ -52%, YoY -79%  Operating loss was NT$ 362 million, QoQ 33%, YoY 77%

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NT$ million
800
Sales GPM (%) OPM (%)
700 80%
673
675
600
588
600
552
500 29%
30%
30%
400
21%
13%
7%
300
-20%
-30%
200
-40% -41%
-36%
100
-62%
- -70%
4Q17 1Q18 2Q18 3Q18 4Q18
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4Q18 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars except 4Q18 3Q18 4Q17 QoQ YoY
Earnings Per Share)
Net sales 587,794 100% 672,872 100% 675,324 100% -13% -13%
Cost of goods sold (545,862) (585,538) (478,334) -7% 14%
Gross profits 41,932 7% 87,334 13% 196,990 29% -52% -79%
Operating expenses:
Selling expenses (76,362) (45,955) (40,754) 66% 87%
Administrative expenses (59,979) (58,150) (66,881) 3% -10%
Research and development expenses (244,537) (252,930) (294,436) -3% -17%
Total operating expenses (404,467) (360,648) (402,071) 12% 1%
Operating income 33% 77%
(362,535) -62% (273,314) -41% (205,081) -30%
Non-operating income and gain (expense &
17,513 -45% -46%
loss) 9,689 18,080
Income before income tax (255,801) 38% 89%
(352,846) (187,001)
Income tax (expense) benefit 66,959 49,447 36,650 35% 83%
Net income (285,887) (206,354) (150,351) 39% 90%
Earnings Per Share (in New Taiwan Dollars) (0.96) (0.70) (0.51)
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4Q18 Consolidated Balance Sheet

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(Amounts in thousand New Taiwan Dollars except Key Indices)
Selected Items from Balance Sheet Dec 31, 2018 Sep 30, 2018 Dec 31, 2017
Cash, cash equivalents and investments
in marketable financial instruments 2,356,905 2,396,584 2,903,342
Notes and accounts receivable 222,324 239,819 281,223
Inventory (net) 294,158 430,526 588,499
Other current assets 201,247 170,263 260,711
Total current assets 3,074,634 3,237,192 4,033,775
Long-term Investments 73,812 75,355 75,209
Net PP&E 609,452 617,225 617,193
Intangible assets 126,197 126,896 175,351
Other assets 583,401 519,108 329,165
Total assets 4,467,496 4,575,776 5,230,693
Notes and accounts payable 405,480 356,398 407,748
Other current liabilities 414,364 291,731 419,288
Non-current liabilities 6,746 6,038 8,218
Total liabilities 826,590 654,167 835,254
Total shareholders' equity 3,640,906 3,921,609 4,395,439
Key Indices
A/R Turnover Days (net) 36 34 38
Inventory Turnover Days (net) 61 88 123
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Quarterly Revenue Breakdown

3Q18

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4Q18
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0~5% 65~70%
25~30%
30~35 %
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5~10% 65~70%
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30~35% 25~30%
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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