AUO — Interim / Quarterly Report 2017

Jul 26, 2017

AU Optronics Corp. Second Quarter 2017 Results Investor Conference 友達光電 2017 年第二季法人說明會

Jul. 26, 2017

Safe Harbor Notice

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• The statements included in this presentation that are not historical in nature are “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’ current expectations.

• Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis; our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity and armed conflict; and fluctuations in foreign currency exchange rates.

• Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations applicable under IFRS may not be timely endorsed by the FSC.

• Our release of financial forecasts and forward-looking statements at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future events or otherwise.

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© 2017 AU Optronics Corporation – Proprietary and Confidential

合併綜合損益表摘要

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單位 : 新台幣百萬元

銷貨淨額 營業成本 營業毛利 營業費用 營業淨利 營業外收入及支出合計 稅前淨利(損) 本期淨利(損) 歸屬於母公司業主之本期淨利(損) 基本每股盈餘(NT$)(a)	84,412 100.0% (67,292) (79.7%) 17,121 20.3% (5,445) (6.5%) 11,676 13.8% (32) (0.0%) 11,644 13.8% 8,946 10.6% 9,830 11.6% 1.02 106年第二季	88,557 100.0% (71,124) (80.3%) 17,433 19.7% (5,415) (6.1%) 12,017 13.6% (68) (0.1%) 11,950 13.5% 9,435 10.7% 9,479 10.7% 0.98 106年第一季	季成長 % (4.7%) (5.4%) (1.8%) 0.5% (2.8%) (52.8%) (2.6%) (5.2%) 3.7% 4.1%
營業淨利+折舊攤銷	20,682 24.5%	22,028 24.9%	(6.1%) 9,978 12.5%
顯示器事業單位: 銷貨淨額 營業淨利(損) 營業淨利+折舊攤銷	79,914 100.0% 11,804 14.8% 20,389 25.5%	83,448 100.0% 12,387 14.8% 21,974 26.3%	(4.2%) 73,956 100.0% (4.7%) (224) (0.3%) (7.2%) 9,173 12.4%
出貨量 (百萬片)(b) 大尺寸面板 中小尺寸面板	26.8 38.7	27.2 36.4	(1.4%) 28.5 6.1% 42.5

(a) 計算基本每股盈餘之加權平均流通在外股數，106年第二季及第一季皆為106年上半年度之加權平均流通在外股數(9,624百萬股)， 105年第二季為105年加權平均流通在外股數(9,624百萬股)。 (b) 大尺寸面板係指10吋(含)以上的面板。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

合併資產負債表摘要

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單位 : 新台幣百萬元

現金及短期投資(a) 存貨 短期借款(b) 長期借款 權益總額 資產總額	106.06.30 102,801 25,540 19,032 105,676 211,145 441,143	106.03.31 85,484 25,645 18,892 104,547 205,650 425,305		季成長 % 20.3% (0.4%) 0.7% 1.1% 2.7% 3.7%
存貨週轉天數(c) 淨負債淨值比率(d)	35 10.4%	34 18.5%		36 23.2%

• (a) 現金及短期投資不含取得日起三個月以上到期之定存(106年第二季、第一季及105年第二季皆為新台幣0元)。 (b) 短期借款係指一年內到期之附息借款。

• (c) 推算全年之營業成本除以當季平均存貨，再以365天除算而得。

• (d) (短期借款+長期借款-現金及短期投資) / 權益總額。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

合併現金流量表摘要

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單位 : 新台幣百萬元

106年第二季 營業活動之現金流入(出) 24,627 稅前淨利 11,644 折舊及攤銷 9,006 營運資金變動 3,955 投資活動之現金流入(出) (8,750) 資本支出 (8,264) 籌資活動之現金流入(出) 1,077 銀行借款淨變動 1,088 現金及約當現金增加(減少)數(a) 17,317	106年第一季 17,285 11,950 10,010 (4,109) (9,540) (9,953) (75) (53) 5,292	季成長 7,342 (306) (1,004) 8,064 790 1,689 1,152 1,140 12,025

(a) 現金及約當現金增加(減少)數包含營業活動、投資活動、籌資活動之現金流入(出) ，以及匯率影響數。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

顯示器營收－以產品應用別區分

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100%
80%
46% 46% 48% 48% 49%
TV
60% Monitor
Mobile PC
14% 15%
15% 16% 14%
40%
Mobile Device
17%
17%
17% 17% 17% Commercial
and Others
20% 4% 5%
5% 5% 4%
19% 17% 15% 14% 16%
0%
2Q16 3Q16 4Q16 1Q17 2Q17
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• － Mobile PC : 包含筆記型電腦及平板電腦。

• － Mobile Device : 包含手機及相關產品。

• － Commercial and Others : 包含車用、工業電腦、自動櫃員機、銷售時點情報系統、大型遊戲機台等產品。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

顯示器營收－以產品尺寸別區分

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100%
30% 28% 27% 29% 31%
80%
>=50"
15% 17%
13% 16%
15%
60% 39"<=size<50"
20"<=size<39"
15% 15%
16%
16%
16%
10"<=size<20"
40%
size<10"
26% 26%
25% 24%
24%
20%
16% 16% 15% 15% 14%
0%
2Q16 3Q16 4Q16 1Q17 2Q17
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© 2017 AU Optronics Corporation – Proprietary and Confidential

合併出貨量及平均售價 以玻璃基板米平方單位換算 ( )

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Shipments in square meter ASP per square meter
(K m [2] ) (US$)
7,000 500
$421
$413 $415
400 $372
$340
3,500
6,492 6,617 6,458
6,196 6,187
300
0 200
2Q16 3Q16 4Q16 1Q17 2Q17 2Q16 3Q16 4Q16 1Q17 2Q17
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－ 每米平方平均售價係根據財政部關務署每季公告之匯率轉換為美金數。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

中小尺寸面板之合併出貨量及其營收 出貨量以玻璃基板米平方單位換算 ( )

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Shipments in square meter (NT$ bn) Revenues
(K m [2] ) 20.0
400
16.0
12.6
300 11.6 12.6 12.2
11.1
12.0
200
352.0 334.4 324.0 332.5 8.0
307.1
100
4.0
0 0.0
2Q16 3Q16 4Q16 1Q17 2Q17 2Q16 3Q16 4Q16 1Q17 2Q17
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－ 中小尺寸面板係指10吋以下的面板。

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© 2017 AU Optronics Corporation – Proprietary and Confidential

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www.auo.com ir@auo.com

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© 2017 AU Optronics Corporation – Proprietary and Confidential

友達光電股份有限公司及其子公司 合併綜合損益表 民國一百零六年第二季、第一季及民國一百零五年第二季

(單位：百萬元新台幣(NTD) 及 百萬元美金(USD)，每股盈餘及在外流通股數除外)

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銷貨淨額 營業成本 營業毛利 營業費用 營業淨利(損) 營業外收入及支出合計 稅前淨利(損) 所得稅費用 本期淨利(損) 其他綜合損益 本期綜合損益總額 本期淨利(損)歸屬於: 母公司業主 非控制權益 本期淨利(損) 本期綜合損益總額歸屬於: 母公司業主 非控制權益 本期綜合損益總額 基本每股盈餘 基本每單位美國存託憑證(ADS)(2) 加權平均流動在外股數(百萬股)	與去年同期比較	與去年同期比較	年成長% 5.4 (9.7) 207.7 (0.1) 9,992.5 (91.0) － 378.8 － － － － 282.1 － － (28.1) －	與前期比較	與前期比較
	USD NTD 2,779 84,412 2,215 67,292 564 17,121 179 5,445 384 11,676 (1) (32) 383 11,644 (89) (2,698) 294 8,946 67 2,023 361 10,969 324 9,830 (29) (883) 294 8,946 382 11,596 (21) (627) 361 10,969 0.03 1.02 0.34 10.21 9,624 106年第二季	105年第二季 % NTD 100.0 80,091 79.7 74,527 20.3 5,564 6.5 5,449 13.8 116 (0.0) (356) 13.8 (240) (3.2) (563) 10.6 (804) 2.4 (1,489) 13.0 (2,293) 11.6 (572) (1.0) (231) 10.6 (804) 13.7 (1,421) (0.7) (872) 13.0 (2,293) (0.06) (0.59) 9,624		USD NTD 2,779 84,412 2,215 67,292 564 17,121 179 5,445 384 11,676 (1) (32) 383 11,644 (89) (2,698) 294 8,946 67 2,023 361 10,969 324 9,830 (29) (883) 294 8,946 382 11,596 (21) (627) 361 10,969 0.03 1.02 0.34 10.21 9,624 106年第二季	106年第一季 % NTD 季成長% 100.0 88,557 (4.7) 79.7 71,124 (5.4) 20.3 17,433 (1.8) 6.5 5,415 0.5 13.8 12,017 (2.8) (0.0) (68) (52.8) 13.8 11,950 (2.6) (3.2) (2,515) 7.3 10.6 9,435 (5.2) 2.4 (3,454) － 13.0 5,981 83.4 11.6 9,479 3.7 (1.0) (45) 1,882.3 10.6 9,435 (5.2) 13.7 6,916 67.7 (0.7) (936) (33.0) 13.0 5,981 83.4 0.98 9.85 9,624

註: (1) 新台幣數係以民國一百零六年六月三十日匯率30.38 NTD/USD轉換為美金數。

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(2) 1單位美國存託憑證(ADS)等於10股普通股。© 2017 AU Optronics Corporation – Proprietary and Confidential

友達光電股份有限公司及其子公司 合併資產負債表 民國一百零六年及一百零五年六月三十日

(單位：百萬元新台幣( NTD ) 及 百萬元美金( USD ))

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資產 現金及約當現金 應收票據及帳款淨額 其他金融資產-流動 存貨淨額 其他流動資產 流動資產合計 長期投資 固定資產淨額 其他非流動資產 非流動資產合計 資產總計 負債 短期借款 應付帳款 一年內到期之長期負債 金融負債-流動 應付費用及其他流動負債 應付設備及工程款 流動負債合計 長期借款 金融負債-非流動 其他非流動負債 非流動負債合計 負債總計 權益 股本 資本公積 保留盈餘 其他權益 非控制權益 權益總計 負債及權益總計		NTD % 102,801 23.3 44,912 10.2 508 0.1 25,540 5.8 7,409 1.7 181,170 41.1 9,657 2.2 216,105 49.0 34,211 7.8 259,973 58.9 441,143 100.0 2,160 0.5 52,855 12.0 16,872 3.8 251 0.1 36,577 8.3 9,537 2.2 118,252 26.8 105,676 24.0 0 0.0 6,071 1.4 111,746 25.3 229,998 52.1 96,242 21.8 60,022 13.6 38,160 8.7 (18) (0.0) 16,738 3.8 211,145 47.9 441,143 100.0 106.06.30	NTD % NTD % 72,954 17.5 29,846 40.9 37,424 9.0 7,488 20.0 1,991 0.5 (1,482) (74.5) 27,754 6.6 (2,214) (8.0) 5,300 1.3 2,109 39.8 145,423 34.8 35,747 24.6 14,528 3.5 (4,871) (33.5) 214,059 51.3 2,046 1.0 43,375 10.4 (9,164) (21.1) 271,962 65.2 (11,989) (4.4) 417,385 100.0 23,758 5.7 1,576 0.4 584 37.1 57,109 13.7 (4,254) (7.4) 21,093 5.1 (4,222) (20.0) 113 0.0 138 122.8 31,277 7.5 5,300 16.9 11,224 2.7 (1,687) (15.0) 122,392 29.3 (4,140) (3.4) 94,670 22.7 11,006 11.6 8 0.0 (8) (100.0) 9,005 2.2 (2,935) (32.6) 103,683 24.8 8,063 7.8 226,075 54.2 3,923 1.7 96,242 23.1 0 0.0 60,428 14.5 (406) (0.7) 10,988 2.6 27,172 247.3 3,114 0.7 (3,132) － 20,536 4.9 (3,799) (18.5) 191,310 45.8 19,836 10.4 417,385 100.0 23,758 5.7 105.06.30 年成長
	USD 3,384 1,478 17 841 244 5,963 318 7,113 1,126 8,557 14,521 71 1,740 555 8 1,204 314 3,892 3,478 0 200 3,678 7,571 3,168 1,976 1,256 (1) 551 6,950 14,521

• © 2017 AU Optronics Corporation – Proprietary and Confidential 註: (1) 新台幣數係以民國一百零六年六月三十日匯率30.38 NTD/USD轉換為美金數。12 (2) 現金及約當現金不含取得日起三個月以上到期之定存。

友達光電股份有限公司及其子公司 合併現金流量表 民國一百零六年及一百零五年一月一日至六月三十日

(單位：百萬元新台幣(NTD) 及 百萬元美金(USD))

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營業活動之現金流量: 本期稅前淨利(損) 折舊及攤銷 權益法認列之投資損益 營運資金變動 其它變動 營業活動之淨現金流入(出) 投資活動之現金流量: 購置固定資產 處分固定資產價款 取得採權益法之投資，及以成本衡量之金融資產 其他金融資產減少(增加) 無形資產減少(增加) 其他資產減少(增加) 投資活動之淨現金流入(出) 籌資活動之現金流量: 短期借款增加(減少) 長期借款增加(減少) 存入保證金增加(減少) 非控制權益變動及其他 籌資活動之淨現金流入(出) 匯率影響數 本期現金及約當現金增加(減少)數 期初現金及約當現金餘額 期末現金及約當現金餘額

105年度上半年 USD NTD NTD 777 23,594 (5,525) 626 19,017 19,774 (3) (88) (160) (5) (154) 2,207 (15) (456) (1,472) 1,380 41,912 14,824 (600) (18,216) (26,355) 17 504 207 (0) (14) (67) 1 22 (29) (6) (193) (190) (13) (393) (16) (602) (18,290) (26,450) 54 1,634 (18) (20) (599) 8,100 (1) (44) (23) 0 11 (1,625) 33 1,002 6,435 (66) (2,015) (735) 744 22,609 (5,926) 2,640 80,191 78,881 3,384 102,801 72,954 106年度上半年

USD 777 626 (3) (5) (15) 1,380 (600) 17 (0) 1 (6) (13) (602) 54 (20) (1) 0 33 (66) 744 2,640 3,384

© 2017 AU Optronics Corporation – Proprietary and Confidential 註: (1) 新台幣數係以民國一百零六年六月三十日匯率30.38 NTD/USD轉換為美金數。

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