Amulaire — Call Transcript 2021

May 7, 2021

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Stock code ： 2241

Amulaire Thermal Technology, Inc.

2021 First Quarter Earnings Conference

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Statements of

Com rehensive Income p

(In NT$ thousands) Net Revenue Gross Margin Operating Expenses Operating Profit Operating Margin Non-Operating Items Net Profit (Loss) Net Profit Margin Earnings (loss) per share (NT Dollar) ROE Shipment (pcs) Average Exchange Rate- ~~USD/NTD~~	1Q21	4Q20 1Q20 1Q21 Over 4Q20 1Q21 Over 1Q20
	237,771 23.7% (38,430) 17,835 7.5% (6,188) 9,304 3.9% 0.11 0.5%	239,247 212,869 -0.62% 11.70% 17.1% 23.2% 38.60% 2.16% (33,806) (30,628) 13.68% 25.47% 7,080 18,862 151.91% -5.44% 3.0% 8.9% 150.00% -15.73% (14,352) 4,460 56.88% -238.74% (5,830) 18,658 259.59% -50.13% -2.4% 8.8% 262.50% -55.68% (0.07) 0.25 252.17% -57.83% -0.3% 1.7% 266.67% -70.59% 304,915 250,726 -3.62% 17.22% 28.48 30.225 0.19% -5.59%
	293,890
	28.535

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Balance Sheets & Key Indices

(In NT$ thousands) Cach & cash equivalents Accounts & Notes Receivable Inventories Other current assets PPE Other non-current assets Total Assets Current Liabilities Non-current Liabilities Total Liabilities Total Shareholders’Equity Key Indices A/R Turnover Days Inventory Turnover Days Current Ratio (x)		1Q21		4Q20 Amount ％ 588,723 24.9% 305,391 12.9% 153,798 6.5% 77,120 3.3% 1,167,517 49.4% 71,561 3.0% 2,364,110 100.0% 187,487 7.9% 498,621 21.1% 686,108 29.0% 1,678,002 71.0% 109.4 82.5 6.0	1Q20
	Amount	％			Amount ％
	610,922 24.6% 326,966 13.2% 190,504 7.7% 107,705 4.3% 1,174,040 47.2% 75,864 3.1% 2,486,001 100.0% 208,650 8.4% 488,523 19.7% 697,173 28.0% 1,788,828 72.0% 121.0 86.3 5.9				152,052 7.5% 235,281 11.6% 267,395 13.2% 125,650 6.2% 1,175,826 57.9% 74,079 3.6% 2,030,283 100.0% 234,209 11.5% 680,946 33.5% 915,155 45.1% 1,115,128 54.9% 95.3 146.4 3.3

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Cash Flows

(In Be I En Fre	NT$ thousands) ginning Balance Cash inflow (outflow) generated from operatinos Capital Expenditures Decrease in loans nvestments and others ding Balance e Cash Flow (1)	1Q21		4Q20	1Q20
		588,724 (47,535) (18,616) (12,019) 100,368 610,922 (66,151)		478,776 26,311 (11,721) (11,979) 107,337 588,724 14,590	205,970 (11,732) (38,265) (10,000) 6,079 152,052 (49,997)

(1) Free cash flow = Cash from operating activities – Capital expenditures

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Q & A

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