Altek — Interim / Quarterly Report 2013

Aug 9, 2013

2013 Q2 Investor Conference August 9, 2013

1

13Q2 IS Highlights

• Net Sales: 21% increase from last quarter

• Lower than guidance in last conference due to global DSC shipment declined beyond of expectation.

• Gross Profit %: 6.4%, declined 0.2% on a QoQ basis

• Product mix changed.

• OPEX %: 6.3%, down 1.8% compared to Q1

• Continuously control expenses.

• EPS: NT$0.04

Note: The 13Q2 figures are audited.

2

Consolidated Income Statements

Unit: NT$ millions (Except EPS: NT$), %

Year	13Q2	13Q2	13Q1	13Q1	QoQ
Item	Amount	%	Amount	%	%
Net Sales	4,854	100.0	4,014	100.0	20.9
Cost of Goods Sold	(4,544)	(93.6)	(3,748)	(93.4)	21.2
Gross Profit	310	6.4	266	6.6	16.5
Operating Expenses	(305)	(6.3)	(326)	(8.1)	(6.6)
Operating Profit	5	0.1	(60)	(1.5)	(108.3)
Non-Operating Gain	12	0.2	15	0.4	(19.0)
Profit before Income Tax	17	0.3	(46)	(1.1)	(137.0)
Income Tax Expense	(1)	(0.0)	0	0.0	#DIV/0!
Net Profit	16	0.3	(46)	(1.1)	(135.9)
Basic EPS (after tax)	0.04		(0.12)

Note: 1. Weighted‐average outstanding common shares of 13Q2 were 375,264 thousand shares

1. Amount and percentage numbers were calculated on the NT$ thousand basis from audited financial statements

3

Consolidated Income Statements(Cont.)

Unit: NT$ millions (Except EPS: NT$), %

Year	13H1	13H1	12H1	12H1	YoY
Item	Amount	%	Amount	%	%
Net Sales	8,867,835	100.0	13,421,167	100.0	(33.9)
Cost of Goods Sold	(8,292,482)	(93.5)	(12,465,333)	(92.9)	(33.5)
Gross Profit	575,353	6.5	955,834	7.1	(39.8)
Operating Expenses	(631,202)	(7.1)	(841,695)	(6.3)	(25.0)
Operating Profit	(55,849)	(0.6)	114,139	0.9	(148.9)
Non-Operating Gain	26,665	0.3	93,687	0.7	(71.5)
Profit before Income Tax	(29,184)	(0.3)	207,826	1.5	(114.0)
Income Tax Expense	(513)	(0.0)	(35,018)	(0.3)	(98.5)
Net Profit	(29,697)	(0.3)	172,808	1.3	(117.2)
Basic EPS (after tax)	(0.08)		0.46

4

13.6.30 BS & CF Highlights

� Cash & Marketable Securities: NT$ 5,380M

• Debt Ratio: 45.6%, Current Ratio: 158%

� Notes & AR / Notes & AP : NT$ 3,612M / NT$ 5,057M

• Inventories: NT$ 2,569M

• BPS: NT$ 27.02

Note: The 13Q2 figures are audited.

5

Consolidated BS & CF Highlights

Unit: NT$ millions, %

Year	13.6.30	13.6.30	13.3.31	13.3.31
Item	Amount	%	Amount	%
Cash & Marketable Securities	5,380	29	5,260	32
Notes & accounts receivables,net	3,612	19	2,627	16
Inventories	2,569	14	1,819	11
Property,Plant and Equipment	5,633	30	5,488	33
TOTAL ASSETS	18,715	100	16,566	100
Bank loan	450	2	250	2
Notes & accountspayable	5,057	27	2,957	18
TOTAL LIABILITIES	8,529	46	6,179	37
Common Stock	3,961	21	3,961	24
Retain Earnings	4,783	26	4,883	29
TOTAL EQUITY	10,186	54	10,308	62
Year	13Q2		13Q1
Item	Amount	%	Amount	%
Net Cash Provided byOperatingActivities	(24)		(22)

Note: 1. Outstanding common shares as of 13.6.30 were 377,015 thousand shares

1. Amount and percentage numbers were calculated on the NT$ thousand basis from audited financial statements

6

Q&A Session

7

Safe Harbor Notice

We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.

We undertake no obligation to publicly update or revise any forwardlooking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

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