Amulaire — Call Transcript 2022

Jan 26, 2022

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Stock code ： 2241

Amulaire Thermal Technology, Inc.

2021 fourth 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 Quarter-end Exchange Rate- USD/NTD Quarter-end Exchange Rate- EUR/NTD	4Q21	3Q21 4Q20 4Q21 Over 3Q21 4Q21 Over 4Q20
	313,046 11% 79,382 (44,061) -14% (14,459) (56,057) -18% (0.63) -3% 27.68 31.32	324,104 239,247 -3.41% 30.85% 10% 17% 17.71% -33.92% 60,153 33,806 31.97% 134.82% (28,907) 7,080 -52.42% -722.33% -9% 3% -58.43% -570.00% (6,732) (14,352) -114.78% -0.75% (36,250) (5,830) -54.64% -861.53% -11% -2% -59.82% -645.83% (0.41) (0.07) -54.57% -807.25% -2% -1% -54.55% -1033.33% 27.85 28.48 -0.61% -2.81% 32.32 34.82 -3.09% -10.06%

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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 Year-end Exchange Rate-USD/NTD Year-end Exchange Rate-EUR/NTD	2021	2020 2021 Over 2020
	1,142,390 13.3% 223,837 (71,704) -6.3% (42,588) (110,486) -9.7% (1.23) -6.8% 27.68 31.32	847,271 34.83% 19.0% -29.91% 117,537 90.44% 43,434 -265.09% 5.1% -222.44% (35,338) -20.52% 6,546 -1787.84% 0.8% -1351.75% 0.08 -1697.14% 0.4% -1839.01% 28.48 -2.81% 34.82 -10.06%

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Balance Sheets & Key Indices

T$ thousands) ch & cash equivalents counts & Notes Receivable entories her current assets ng-term investment E her non-current assets Assets urrent Liabilities on-current Liabilities Liabilities Shareholders’Equity dices /R Turnover Days ventory Turnover Days urrent Ratio (x)	4Q21	4Q21		3Q21 Amount ％ 178,584 6.2% 379,851 13.2% 262,674 9.1% 259,800 9.0% 28,088 1.0% 1,639,068 57.1% 124,890 4.4% 2,872,955 100.0% 451,474 15.7% 741,221 25.8% 1,192,695 41.5% 1,680,260 58.5% 99.6 78.2 2.4	4Q20
	Amount	％			Amount ％
	108,043 3.6% 426,531 14.3% 326,203 10.9% 252,262 8.5% 50,074 1.7% 1,688,512 56.7% 127,972 4.3% 2,979,597 100.0% 541,675 18.1% 809,299 27.2% 1,350,974 45.3% 1,628,623 54.7% 117.2 96.5 2.1				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

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Cash Flows

(In NT$ thousands) Beginning Balance Cash inflow (outflow) generated from operatinos Capital Expenditures Decrease in loans Investments and others Ending Balance Free Cash Flow (1)	4Q21		3Q21 383,712 (79,536) (362,124) 440,443 (203,911) 178,584 (441,660)	4Q20
	178,584 (69,819) (85,823) 139,815 (54,714) 108,043 (155,642)			478,776 26,310 (11,721) (11,979) 107,337 588,723 14,589

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

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Q & A

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