Altek — Interim / Quarterly Report 2012

Feb 27, 2013

2012 Q4 Investor Conference Feb. 26,2013

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12Q4 IS Highlights

• Net Sales: 20% decrease on a QoQ basis

• Weak global economy impact on DSC sales

• Gross Profit %: 7.2%, slightly down 0.1% from last quarter

• Shipment declined

• OPEX: 6.9%

• Mainly for RD expense

• EPS: 12Q4 NT$0.06, Full‐Year NT$0.75

Note: The 12Q4 figures are un‐audited.

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Consolidated Income Statements

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

Year	12Q4	12Q4	12Q3	12Q3	QoQ
Item	Amount	%	Amount	%	%
Net Sales	4,945	100.0	6,210	100.0	(20.4)
Cost of goods sold	(4,589)	(92.8)	(5,755)	(92.7)	(20.3)
Gross Profit	356	7.2	455	7.3	(21.6)
Operating expense	(342)	(6.9)	(399)	(6.4)	(14.2)
Operating Profit	14	0.3	56	0.9	(75.3)
Net non-operating gain	31	0.6	48	0.8	(34.8)
Net non-operating loss	(19)	(0.4)	(8)	(0.1)	153.0
Income before Income tax	26	0.5	96	1.6	(73.1)
Income tax expense	(3)	(0.0)	(12)	(0.2)	(78.1)
Net income	23	0.5	84	1.4	(72.4)
Basic EPS (after tax)	0.06		0.22

Note: 1. Weighted‐average outstanding common shares of 12.12.31 were 375,690,553 shares

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

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Consolidated Income Statements

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

Year	101.01.01~101.12.31	101.01.01~101.12.31	100.01.01~100.12.31	100.01.01~100.12.31	YoY
Item	Amount	%	Amount	%	%
Net Sales	24,575	100.0	27,861	100.0	(11.8)
Cost of goods sold	(22,809)	(92.8)	(25,611)	(91.9)	(10.9)
Gross Profit	1,767	7.2	2,251	8.1	(21.5)
Operating expense	(1,583)	(6.4)	(2,390)	(8.6)	(33.8)
Operating Profit	184	0.8	(139)	(0.5)	(231.6)
Net non-operating gain	183	0.7	270	1.0	(32.1)
Net non-operating loss	(38)	(0.2)	(8)	(0.0)	396.7
Income before Income tax	329	1.3	123	0.5	167.5
Income tax expense	(49)	(0.2)	69	0.2	(171.7)
Net income	280	1.1	192	0.7	46.0
Basic EPS (after tax)	0.75		0.51

Note: 1. Weighted‐average outstanding common shares of 12.12.31 were 375,690,553 shares

1. Weighted‐average outstanding common shares of 11.12.31 were 379,029,396 shares

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

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12.12.31 BS & CF Highlights

� Cash & Cash Equivalents, ST Investments: NT$ 5,127M

• Debt Ratio: 38%, Current Ratio: 189%

� Notes & AR / Notes & AP : NT$ 2,884M / NT$ 3,145M

• Inventories: NT$ 1,715M

• Full‐year CapEx: NT$ 472M

• BPS: NT$ 27.07

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Consolidated BS & CF Highlights

Unit: NT$ millions, %

Year	12.12.31	12.12.31	12.09.30	12.09.30
Item	Amount	%	Amount	%
Cash & cash equivalents, short-term investments	5,127	31.3	5,795	31.4
Notes & accounts receivables, net	2,884	17.6	3,651	19.8
Inventories	1,715	10.5	2,321	12.6
Fixed Assets	3,826	23.4	3,778	20.5
TOTAL ASSETS	16,373	100.0	18,430	100.0
Bank loan	0	0.0	520	2.8
Notes & accounts payable	3,145	19.2	4,531	24.6
TOTAL LIABILITIES	6,204	37.9	8,220	44.6
Common Stock	3,961	24.2	3,961	21.5
Retain Earnings	4,775	29.2	4,761	25.8
TOTAL EQUITY	10,170	62.1	10,210	55.4
Year	12.01.01~12.12.31		12.01.01~12.09.30
Item	Amount	%	Amount	%
Net Cash Provided by Operating Activities	(232)		(58)
CAPEX	(472)		(379)

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

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