ALi — Interim / Quarterly Report 2020

Nov 6, 2020

ALi Corporation (3041 TT) 3Q20 Investor Conference

Nov. 06, 2020

Public

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3Q20 Consolidated Income Statement

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(Amounts in thousand New Taiwan Dollars 3Q20 3Q20 1-3Q20
3Q20 2Q20 3Q19 1-3Q20 1-3Q19
except Earnings Per Share) QoQ YoY YoY
Net sales 511,427 100% 487,270 100% 488,346 100% 1,496,723 100% 1,482,815 100% 5.0% 4.7% 0.9%
Cost of goods sold (356,000) (339,698) (263,864) (1,010,615) (950,790) 4.8% 34.9% 6.3%
Gross profits 155,427 31% 147,572 30% 224,482 46% 486,108 33% 532,025 36% 5.3% -30.8% -8.6%
Operating expenses:
Selling expenses (24,342) (17,302) (43,733) (65,828) (102,848) 40.7% -44.3% -36.0%
Administrative expenses (55,255) (45,905) (56,880) (151,141) (166,432) 20.4% -2.9% -9.2%
Research and development expenses (171,344) (180,198) (206,103) (525,008) (622,400) -4.9% -16.9% -15.6%
expected credit loss 2,037 2,369 (11,635) 12,177 (5,578)
Total operating expenses (248,904) (241,036) (318,351) (729,800) (897,258) 3.3% -21.8% -18.7%
Operating income (93,477) -18% (93,464) -19% (93,869) -19% (243,692) -16% (365,233) -24% 0.0% -0.4% -33.3%
Non-operating income and gain
24,389 7,933 29,684 48,609 60,267 207.4% -17.8% -19.3%
(expense & loss)
Income before income tax (69,088) (85,531) (64,185) (195,083) (304,966) -19.2% 7.6% -36.0%
Income tax (expense) benefit 268 15,521 13,634 26,537 58,791 -98.3% -98.0% -54.9%
Net income (68,820) (70,010) (50,551) (168,546) (246,175) -1.7% 36.1% -31.5%
Earnings Per Share (in New Taiwan
(0.37) (0.37) (0.27) (0.89) (1.31)
Dollars)
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Revenue Composition

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2020 1-3Q
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2019 1-3Q

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7% 25% 68% 30~35 % Pay-TV Operator STB Retail STB Others (Non-STB)

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8% 66% Retail STB Others (Non-STB)

Pay-TV Operator STB

3Q20 Consolidated Balance Sheet

(Amounts in thousand New Taiwan Dollars except Key Indices)

Selected Items from Balance Sheet Cash, cash equivalents and investments in marketable financial instruments Notes and accounts receivable Inventory (net) Other current assets Total current assets Long-term Investments Net PP&E Intangible assets Other assets Total assets		Sep 30, 2020	Dec 31, 2019 Sep 30, 2019
		1,610,076 171,269 330,544 118,502 2,230,391 105,334 585,211 60,088 773,137 3,754,161	1,885,507 1,853,304 215,151 267,583 204,225 207,892 143,933 179,930 2,448,816 2,508,709 69,101 70,431 589,198 594,094 123,791 145,393 755,874 766,010 3,986,780 4,084,637
Notes and accounts payable Other current liabilities Non-current liabilities Total liabilities		244,359 349,182 16,005 609,546	196,726 252,112 444,077 411,630 11,242 9,771 652,045 673,513
Total shareholders' equity		3,144,615	3,334,735 3,411,124
Key Indices A/R Turnover Days (net) Inventory Turnover Days (net)		35 72	40 45 72 72

Thank You

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