Aurora — Investor Presentation 2013

May 7, 2013

==> picture [92 x 45] intentionally omitted <==

Q1 2013 Earnings Presentation Date： 2013/05/07 Ernest Ma, Spokesperson

==> picture [93 x 45] intentionally omitted <==

Safe Harbor Statement

Except for statements in respect of historical matters, the statements in this presentation are “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Aurora Corp. to be materially different from any future results implied by the forward-looking statements. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall market and economy, acceptance and demand for products, and technological and development risks.

The financial forecasts and forward-looking statements in this document reflect the current belief of Aurora Corp. as of the date of this document and Aurora Corp. undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date.

==> picture [93 x 45] intentionally omitted <==

Q1 2013 Results Highlights

✔ Consolidated revenue of NT$2.47 billion

• Revenue fell 26% year-over-year and 16% quarter-over-quarter to NT$2.47 billion, reflecting the deconsolidation of Aurora Telecom in November 2012.

• On a pro-forma basis, excluding the revenue from Aurora Telecom for comparable periods, revenue would have increased 2% year-over-year and decreased 4% quarter-over-quarter.

• Revenue from China was342 million RMB (NT$1.62 billion), up 4% yearover-year and down 8% quarter-over-quarter. China’s representation of revenue continued to rise, reaching 66% for the first quarter of 2013.

✔ First-quarter record high profit and EPS

• Net profit soared 22% to NT$286 million , or NT$0.94 per share, with the profit and EPS both hitting the first-quarter record high.

• China contributed to 40% of total profit with NT$113 million, which represented a 30% increase year-over-year and a 6% decrease quarterover-quarter.

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors. 3

==> picture [93 x 45] intentionally omitted <==

Consolidated Revenue Trend

(In million NT$)

3,500
3,250
3,000
2,750
2,500
2,250
2,000	Q1'11	Q2'11	Q3'11	Q4'11	Q1'12	Q2'12	Q3'12	Q4'12	Q1'13
Consolidated Rev.	3,133	3,145	3,260	3,441	3,331	3,322	3,064	2,928	2,468
YoY %	13.6%	3.7%	0.7%	0.3%	6.3%	5.6%	-6.0%	-14.9%	-25.9%
QoQ %	-8.6%	0.4%	3.7%	5.5%	-3.2%	-0.3%	-7.8%	-4.4%	-15.7%

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors.

==> picture [93 x 45] intentionally omitted <==

Consolidated Revenue Trend Pro-forma basis

(In million NT$)

2700
2,0002,1002,2002,3002,4002,5002,600,
	Q1'11	Q2'11	Q3'11	Q4'11	Q1'12	Q2'12	Q3'12	Q4'12	Q1'13
ConsolidatedRev.(ExcludedTelecom)	2,333	2,390	2,531	2,641	2,411	2,527	2,276	2,581	2,468
YoY %	16.2%	4.2%	8.2%	6.0%	3.3%	5.7%	-10.1%	-2.3%	2.4%
QoQ %	-6.3%	2.5%	5.9%	4.3%	-8.7%	4.8%	-10.0%	13.4%	-4.4%

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors.

==> picture [93 x 45] intentionally omitted <==

Revenue by Region and Segment

==> picture [649 x 439] intentionally omitted <==

----- Start of picture text ----- Q1 2013 Revenue by Region Q1 2013 Revenue by SegmentElectronic,9%34% Taiwan OA,28%China ChinaFurniture,Taiwan Taiwan34%Furniture, 6%66%China OA,23%Q1 2012 Revenue by Region Q1 2012 Revenue by Segment台灣Electronic,大陸13%Taiwan OA,36%30%ChinaChina TaiwanTaiwanFurniture, 32% Furniture, 6%64%China OA, 19%----- End of picture text -----

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors. 6

==> picture [93 x 45] intentionally omitted <==

Revenue & Profit by Region

==> picture [677 x 445] intentionally omitted <==

----- Start of picture text ----- (In million NT$)Revenue & Profit Q1'13 Q4'12 Q3'12 Q2'12 Q1'11Net Revenue 2,468 2,928 3,064 3,322 3,331Gross profit 1,120 1,337 1,244 1,303 1,257Operating profit 189 294 165 182 192Profit before tax 338 346 364 251 308Net profit attributable286 270 306 270 235to AuroraRevenue by Region Q1'13 Q4'12 Q3'12 Q2'12 Q1'11Taiwan 849 1,220 1,644 1,679 1,779China 1,620 1,708 1,419 1,644 1,552Profit by Region Q4'12 Q3'12 Q2'12 Q1'12 Q4'11Taiwan 173 150 230 175 148China 113 120 76 95 87----- End of picture text -----

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors.

==> picture [93 x 45] intentionally omitted <==

Balance Sheet

(in million NT$)Total AssetsCurrent AssetsCash and short-terminvestmentsTrade and note receivables, netInventory, netLong-Term InvestmentsFixed Assets, NetTotal LiabilitiesCurrent LiabilitiesShort-term debtTrade and notes payablesLong-term LiabilitiesLong-term debtShareholders' Equity	2013年2012年Q1Q4QoQ11,28311,1571%5,5375,749-4%1,1611,917-39%1,4401,22318%728934-22%2,5252,23513%2,7352,7101%4,1574,632-10%3,0613,339-8%1,09883831%753885-15%500700-29%500700-29%7,1256,5269%	2012年
		Q1YoY11,923-5%6,390-13%2,859-59%1,908-25%1,187-39%2,11919%2,781-2%5,081-18%3,854-21%1,258-13%1,243-39%780-36%780-36%6,8424%

Note[1] : Aurora Telecom was deconsolidated from Aurora and treated as an equity investment starting from November 2012. Note[2] : All Q1 2013 results provided herein were audited and approved by the board of directors.

==> picture [93 x 45] intentionally omitted <==

Recent Developments

• ✔ China business separated into two business groups of Direct Sell and Distributor & Reseller to accelerate the expansion of distribution channels

• ✔ Office automation products to apply for “Famous Brand of China” certification in 2Q

• ✔ Responsibility center management piloted at the Distributor & Reseller Group in China

• ✔ The office furniture operation in China streamlined to cut down cost and optimize supply chain logistics

• ✔ Actively develop new product :

  • Office automation：3D printer

  • Office furniture：medical furniture

==> picture [93 x 45] intentionally omitted <==

Strategies for Long-term Growth

Broaden China OA offerings via resell agreement and enhance distribution capacity through channel partnerships

Expand furniture line-up to offer “total solution” that meets all office space needs and optimize logistics

Expand into central and western regions of China through OA distributor & reseller channels and the service network

Drive innovative digital production printing and workflow solutions with the launch of Magic Doc mini

==> picture [93 x 45] intentionally omitted <==

Q & A

IR Contact Ernest Ma Spokesperson ir@aurora.com.tw http://www.aurora.com.tw/