Altek — Interim / Quarterly Report 2013

May 3, 2013

2013 Q1 Investor Conference May 3, 2013

1

13Q1 IS Highlights

• Net Sales: 19% decrease on a QoQ basis

• Impacted by Euro debt and smartphone cannibalization, DSC customers kept correcting inventories.

• Gross Profit %: 6.6%, declined 0.6% from last quarter

• Shipment declined

• OPEX %: 8.1%

• Mainly for RD expense. Increased 1.2% from last quarter on a smaller

  • revenue base.

• EPS: ‐NT$0.12

Note: The 13Q1 figures are un‐audited.

2

2

Consolidated Income Statements

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

Year	13.Q1	13.Q1	12.Q4	12.Q4	12.Q1	12.Q1	QoQ	YoY
Item	Amount	%	Amount	%	Amount	%	%	%
Net Sales	4,014	100.0	4,945	100.0	6,328	100.0	(18.8)	(36.6)
Cost of goods sold	(3,748)	(93.4)	(4,589)	(92.8)	(5,884)	(93.0)	(18.3)	(36.3)
Gross Profit	266	6.6	356	7.2	444	7.0	(25.3)	(40.1)
Operating Expenses	(326)	(8.1)	(342)	(6.9)	(423)	(6.7)	(4.5)	(22.8)
Operating Profit	(60)	(1.5)	14	0.3	21	0.3	(531.5)	(387.7)
Non‐operating gain	15	0.4	12	0.5	46	0.7	22.4	(68.1)
Income before Income Tax	(46)	(1.1)	26	0.5	67	1.1	(275.9)	(168.3)
Income Tax Expenses	0	0.0	(3)	0.0	(4)	(0.1)	(100.0)	(100.0)
Net Profit	(46)	(1.1)	23	0.5	63	1.0	(298.8)	(172.6)
Basic EPS (after tax)	(0.12)		0.06		0.17

Note: 1. Weighted‐average outstanding common shares of 13Q1 were 373,513 thousand shares

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

3

3

13.3.31 BS & CF Highlights

• Cash & Marketable Securities: NT$ 5,260M

• Debt Ratio: 37.3%, Current Ratio: 190%

• Notes & AR / Notes & AP : NT$ 2,627M / NT$ 2,957M

• Inventories: NT$ 1,819M

• BPS: NT$ 27.68

Note: The 13Q1 figures are un‐audited.

4

4

Consolidated BS & CF Highlights

Unit: NT$ millions, %

Year	13.3.31	13.3.31	12.12.31	12.12.31	12.3.31	12.3.31
Item	Amount	%	Amount	%	Amount	%
Cash & Marketable Securities	5,260	31.8%	5,127	31.2%	5,299	26.9%
Notes & accounts receivables, net	2,627	15.9%	2,884	17.6%	4,961	25.2%
Inventories	1,819	11.0%	1,715	10.4%	2,512	12.7%
Property, Plant and Equipment	5,488	33.1%	5,298	32.3%	5,330	27.0%
TOTAL ASSETS	16,566	100.0%	16,418	100.0%	19,712	100.0%
Bank loan	250	1.5%	0	0.0%	0	0.0%
Notes & accounts payable	2,957	17.8%	3,145	19.2%	5,853	29.7%
TOTAL LIABILITIES	6,179	37.3%	6,265	38.2%	9,048	45.9%
Common Stock	3,961	23.9%	3,961	24.1%	3,957	20.1%
Retain Earnings	4,883	29.5%	4,913	29.9%	5,274	26.8%
TOTAL EQUITY	10,387	62.7%	10,153	61.8%	10,664	54.1%
Year	13.1.1~3.31		12.10.1~12.31		12.1.1~3.31
Item	Amount	%	Amount	%	Amount	%
Net Cash Provided by Operating Activities	(22)		(174)		(1,081)

Note: 1. Outstanding common shares as of 13.3.31 were 375,197 thousand shares

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

5

5