AOPEN — Interim / Quarterly Report 2020

Apr 14, 2021

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AOPEN Business Update

April 14, 2021

Company Profile

• Headquarter: New Taipei City, Taiwan

• Establishment: Y1996

• Capital Amount: NTD 714M

• Revenue:

• NTD 1.7B (Y2020)

• Headcount: 120 people

• Chairman：Jason Chen

• President：Dale Tsai

• Finance Head：Edward Chen

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2018
2007
IPC
2000
Digital & AIoT
Signage
Mini PC
1996
PC DIY
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AOPEN Financial Highlight

Q1 ’21 Global Total Consolidated Q4 ’20 Y2020 OPEX Revenue YoY GP YoY Reduction 79% 45% YoY 51%

1. Since Q4 2020, the global demand coming back from COVID19 impact 2. AOPEN’s strategic moves started to pay back.

• Targeting at growing cloud-based IPC projects

• • Working with ODM factories

• Expanding Digital Signage offering, including display devices and services

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AIoT Projects for IPC

 Mainstream demand after the pandemic:

• Frontline Automation

• Tech evolution in progress:

• Customer interface @ QSR

• People engagement @ public services

• Ubiquitous EV charging

• Smart building applications

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IPC
Frontline
Automation
Smart Vision
Smart Kiosk
Digital Display
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Smart Parking & EV Charging

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IoT Solution on Group Synergy

Solutions for global B2B clients thru integrating tech modules from Acer Group

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CONFIDENTIAL
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Appendix

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Income Statement 2020 vs 2019

Unit : NT$K Net revenues Gross profit Operating expense Operating income(loss) Non-operating income Profit before tax Net Profit Earning per share	2020 1,756,214 100.0% 330,369 18.8% 395,273 22.5% (64,904) -3.7% (52) 0.0% (64,956) -3.7% (65,391) -3.7% (0.93)	2019 YoY 1,724,976 100.0% 2% 462,532 26.8% -29% 570,349 33.1% -31% (107,817) -6.3% 40% (53,135) -3.1% 100% (160,952) -9.3% 60% (165,264) -9.6% 60% (2.35)

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CONFIDENTIAL

Income Statement for 2020-Q4

Unit : NT$K Net revenues Gross profit Operating expense Operating income(loss) Non-operating income Profit before tax Net Profit Earning per share	Q4 '20 565,349 98,398 85,320 13,078 (10,263) 2,815 6,357 0.08	Q3 '20 QoQ 525,474 8% 75,842 30% 86,433 -1% (10,591) 223% (13,411) 23% (24,002) 112% (26,076) 124% **(0.39) **	Q4 '19 YoY 360,128 57% 67,978 45% 171,531 -50% (103,553) 113% (73,244) 86% (176,797) 102% (174,452) 104% **(2.42) **

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CONFIDENTIAL

Balance Sheet

UNIT NT$K Cash and cash equivalents Accounts receivalbe, net Current inventories Other current assets Total Current Assets Non-current financial assets at fair value through other comprehensive income Investments accounted for using equity method Other non-current assets Total Assets Current borrowings Accounts payable & Other payables Other current liabilities Total current liabilities Total non-current liabilities Total liabilities Total equity Total liabilities and equity	2020.12.31 437,428 27% 363,709 23% 251,700 16% 54,445 3% 1,107,282 69% 29,539 2% 396,817 25% 64,021 4% 1,597,659 100% 318,459 20% 396,455 25% 177,786 11% 892,700 56% 103,641 6% 996,341 62% 601,318 38% 1,597,659 100%	2019.12.31 344,758 25% 214,221 15% 310,426 22% 60,610 4% 930,015 66% 18,891 1% 339,529 24% 117,677 8% 1,406,112 100% 238,641 17% 196,552 14% 229,908 16% 665,101 47% 150,320 11% 815,421 58% 590,691 42% 1,406,112 100%

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CONFIDENTIAL

THE BEST IS YET TO COME

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