AVer — Interim / Quarterly Report 2020

May 21, 2020

• 圓展科技法人說明會

• AVer Information Investor Conference 2020 年第一季 / 2020Q1

| 21-May-2020 | AVer Information Inc. | www.aver.com

==> picture [136 x 42] intentionally omitted <==

• Safe Harbor Statement

• 免責聲明 • 本簡報包含對於未來展望的表述，該項表述是基於對現況的預期，未來受限於已知、未知風險或不確 定因素的影響，因此實際結果可能與表述內容有所差異。這些未來展望的表述，反應本公司目前對於 未來的看法，本公司並不負責隨時提醒或更新。

•

This presentation contains forward-looking statements subject to significant risks and uncertainties. Actual results may differ significantly from those contained in the forward-looking statements. The forward-looking statements should not be interpreted as legally binding commitments, but rather as flexible information subject to change occasionally.

2

==> picture [136 x 42] intentionally omitted <==

• 公司簡介 Company Briefing

創立時間 / Founded

資本額 / Capital

總公司地點 / Head Office 員工人數 / Employees 專利數 / Patents 2019 年營收 / 2019 Revenue

2008 年一月 / January 2008 台灣上市公司 ( 代碼 3669) / Publicly traded on Taiwan stock market (TWSE: 3669)

台幣 9.29 億元 / US$ 30 million

台灣新北市 / New Taipei City, Taiwan 全球 509 員工 / 509 employees worldwide R&D 員工人數接近三分之一 / R&D staffs representing 30% of total workforce 超過 282 項專利 / Over 282 patents worldwide 台幣 21.41 億元 / US$ 69 million

3

==> picture [136 x 42] intentionally omitted <==

• 研發創新成就 Innovative Breakthroughs

==> picture [1917 x 372] intentionally omitted <==

• 首創整合式 10 點視訊 • 首創多方會議使用的 • 首創 8 百萬像素 USB3.0 • 首創透過 USB3.0 ，提 • 先進的小型會議室和攝 • 專業自動追蹤攝影機結合獨 會議系統 . 協作軟體 . 傳輸 4K 影像實物攝影 供 4K Ultra HD 畫質的 影鏡頭技術，創新全功 家廣域 / 講台 / 黑板追蹤模式、 • 首創結合無線及有線 • 機 . 小型會議專用網路攝影 能設計， 4K PTZ 和超優 多人偵測、串流分享等功能， 首創可串聯式平板電 機 傳輸的實物投影機 . . • 質音效的視訊 Soundbar. 30 倍光學變焦和 120 °廣角鏡 腦充電同步櫃 首創遠距教學專用高 • 首創支援 WebRTC 、 • 獨家自動取景及自動追 頭，提供清晰的 full HD HD . 畫質 攝影機 、 、 Introduced our 10SIP H.323 Skype Revolutionized 踨攝影技術，提供穩定 1080p 直 / 錄播影像。 for Business 等通訊協 site embedded MCU collaboration . Changed education 的攝影品質 定的多點視訊會議系統 Professional auto tracking and new visualizer software for MCU with a 4K 8- Advanced huddle room and live streaming camera image transfer and introduced our megapixel visualizer First 4K USB huddle software for mobile and camera technology boasts a PTZ camera with mobile device and HD camera for room camera and VC with an all-in-one video 30X optical zoom and a devices. charging cabinet. educational ° system with WebRTC, soundbar and new secondary 120 FOV applications. SIP, H.323, and Skype auto-framing and panoramic camera providing for Business support. tracking technologies. full HD 1080p video resolution. 4

4

• 創新獲獎紀錄 Recognition of Innovation

==> picture [136 x 42] intentionally omitted <==

==> picture [1436 x 761] intentionally omitted <==

==> picture [165 x 142] intentionally omitted <==

5

==> picture [136 x 42] intentionally omitted <==

• 全球銷售網路 A Global Presence

台灣總公司 Taiwan Headquarters

12

子 / 分公司及在地代表 . Branches & Local Reps

==> picture [458 x 190] intentionally omitted <==

----- Start of picture text -----

美洲
the Americas
美國 USA
----- End of picture text -----

==> picture [1396 x 791] intentionally omitted <==

----- Start of picture text -----

+100
銷售及服務國家
Countries with Sales & Services
APAC
亞太
MEA
台灣 , 日本 , 越南 ,
歐中東非洲
荷 , 法 , 西 , * 德 , * 英 , * 丹 * 南韓 , * 泰國
Taiwan, Japan, Vietnam,
The Netherlands, France, Spain,
German, UK, Danmark S. Korea, Thailand
----- End of picture text -----*

* local representatives

6

• 全球行銷活動 Global Marketing

==> picture [1474 x 832] intentionally omitted <==

==> picture [136 x 42] intentionally omitted <==

==> picture [25 x 21] intentionally omitted <==

----- Start of picture text -----

7
----- End of picture text -----

==> picture [136 x 42] intentionally omitted <==

Businesses and Solutions 事業與解決方案 整合簡報暨教育解決方案 智慧產業解決方案 Integrated Presentation Smart Industry & Solutions Education Solutions

==> picture [793 x 846] intentionally omitted <==

----- Start of picture text -----

智慧產業解決方案
Smart Industry
Solutions
高效能會議
Meeting
Effectiveness
、
中 大型會議室
通信協同軟體
視訊攝像機
Collaboration
Medium to Large
Software
Rooms Solution
視訊會議系統
Video 協同合作
Conferencing
Versatile
Versatile
小型會議空間
視訊 Soundbar Collaboration
Colla n
Huddle Room
小型會議室
Solution
視訊攝影機
Huddle & Small
Room Solution
----- End of picture text -----

==> picture [829 x 664] intentionally omitted <==

----- Start of picture text -----

實物
攝影機
自動追蹤
Visualizers
攝影機
互動式觸控螢幕
Interactive
Auto Tracking
Flat Panels
協同學習 Cameras
Collaborative
遠距教學
Learning
Distance
多元互動學習雲
Learning
AVer CaptiSphere 充電
車 / 櫃
Charge Carts &
Cabinets
----- End of picture text -----

8

World-Class Service 世界級的服務

圓展工廠座落於新北巿土城工業區，累積紮實的影像、鏡頭、
影音科技產品研發、製造經驗，提供世界級的品質和服務。

Our in-house factory is situated in New Taipei City, Taiwan. With years of manufacturing experience, we provide top quality products and services.

==> picture [170 x 101] intentionally omitted <==

==> picture [234 x 92] intentionally omitted <==

----- Start of picture text -----

不僅是一個想法，
不只是一個產品，
它是一種藝術！
----- End of picture text -----

Not Just An Idea Not Just A Product It’s an Art ！

==> picture [877 x 361] intentionally omitted <==

----- Start of picture text -----

國際 認證 CERTIFIED
ISO 9001 ISO 14001 OHSAS 18001
ICEQ QC 08000 ISO28000 ISO13485
RoHS WEEE ERP
Sony Green Partner
----- End of picture text -----

: Offering Premium: 專業服務

  - **ODM/OEM Services**

  - • **Made In Taiwan Quality**

  - • **10,000m² Production Space**

• ODM/OEM 代工服務

• • 台灣製造品質

• • 10,000m² 工廠佔地

• 導入工業 3.5 自動化，引進工業人工智慧 Introduction of Industrie 3.5 Automation w/ A.I.

==> picture [290 x 231] intentionally omitted <==

----- Start of picture text -----

9
----- End of picture text -----

==> picture [290 x 218] intentionally omitted <==

==> picture [279 x 218] intentionally omitted <==

• 公司治理 Corporate Governance

==> picture [136 x 42] intentionally omitted <==

==> picture [730 x 785] intentionally omitted <==

==> picture [1121 x 122] intentionally omitted <==

----- Start of picture text -----

台灣資訊揭露評鑑 A+ 等級
A+ Information Transparency
----- End of picture text -----

• 2014 年，圓展為資訊揭露評鑑 A+ 等級公司

Rated A+ in 2014’s Taiwan Information Transparency Assessment

==> picture [1121 x 119] intentionally omitted <==

----- Start of picture text -----

公司治理評鑑名列 前 21~35%
Top 21~35% Corporate Governance
----- End of picture text -----

Rated 21%~35% in 2019 by the Taiwan Stock Exchange

==> picture [1121 x 98] intentionally omitted <==

----- Start of picture text -----

天下企業公民中堅企業 Top 10
Top Ten Corporate Social Responsibility
----- End of picture text -----

• 2013 年獲天下企業公民中堅企業第六名

Among mid-sized Taiwanese companies, rated by Commonwealth Magazine in 2013

10

• 2020 營運狀況

• 新型冠狀病毒 (COVID-19) 對全球經濟影響的不確性。

• 圓展以台灣製造為主，響影不大。  少部份物料為大陸東南沿海供貨，己採分散採購來源及增加庫存水位因應。

• 受惠疫情期間，居家工作及異地辦公，視訊會議產品需求加速。  因應學校停課不停學，遠距教學相關之實物攝影機、 PTZ 攝影機及遠距視訊 教學產品需求增加。其他簡報教育產品因各國狀況不同，而有所差異。

==> picture [541 x 378] intentionally omitted <==

==> picture [521 x 27] intentionally omitted <==

----- Start of picture text -----

2 月底協助新竹縣政府教育處防疫視訊會議
----- End of picture text -----

==> picture [670 x 373] intentionally omitted <==

3 月底協助立法院程序委員會實測視訊會議系統

11

單位：新台幣千元 (Unit: K-NTD)	Q1 2020	%	Q4 2019	%	Q1 2019	%	QoQ%	YoY%
營業收入淨額 (Net SalesRevenue)	474,399	100	544,869	100	464,676	100	-13%	2%
營業毛利 (GrossProfit)	247,407	52	295,843	54	177,296	38	-16%	40%
營業費用 (TotalOperatingExpenses)	242,206	51	247,866	45	234,673	50	-2%	3%
銷售費用 (SellingExpenses)	158,395	33	156,127	28	147,772	32	1%	7%
管理費用 (G &A Expenses)	18,461	4	20,586	4	19,647	4	-10%	-6%
研發費用 (R&D Expenses)	65,350	14	71,153	13	67,254	14	-8%	-3%
營業淨利 (Net OperatingIncome)	5,201	1	47,977	9	(57,377)	(12)	-89%	-
業外收支 (Non-Operating GainandLoss)	2,727	1	565	0	(570)	(0)	383%	-
稅前淨利 (Net Income before Tax)	7,928	2	48,542	9	(57,947)	(12)	-84%	-
所得稅費用 (Income Tax Expense)	(158)	(0)	(4,179)	(1)	137	0	-96%	-215%
本期淨利 (Consolidated Net Income)	8,086	2	52,721	10	(58,084)	(12)	-85%	-
基本每股盈餘(新台幣元) (Basic EPS, NTD Dollar)	$ 0.09		$ 0.57		($ 0.63)

12

資產負債表 Balance Sheet

==> picture [136 x 42] intentionally omitted <==

單位：新台幣千元 (Unit: K-NTD)	Q1 2020	Q1 2020	Q4 2019	Q4 2019	Q1 2019	Q1 2019
	金額	%	金額	%	金額	%
現金及約當現金 (Cash&Equivalents)	828,613	28	936,260	30	686,115	24
應收款項 (Receivables)	329,378	11	282,768	9	264,676	9
存 貨 (Inventory)	284,411	10	326,754	11	358,924	13
不動產、廠房及設備 (Property &Equipment)	1,207,346	41	1,210,192	40	1,218,109	43
資產總計 (Total Assets)	2,958,275	100	3,066,275	100	2,852,515	100
流動負債 (CurrentLiabilities)	370,044	12	481,357	16	357,174	13
非流動負債 (Non-CurrentLiabilities)	117,361	4	122,326	4	125,268	4
負債總計 (Total Liabilities)	487,405	16	603,683	20	482,442	17
權益總計 (Total Stockholder' Equity)	2,470,870	84	2,462,592	80	2,370,134	83
流動比率 (Current Ratio)	416%		341%		396%
速動比率 (Quick Ratio)	329%		266%		282%
負債比率 (Debt Ratio)	16%		20%		17%

13

• 簡報教育事業

• Presentation and Education Business

• 事業範圍 Business Coverage

==> picture [819 x 832] intentionally omitted <==

----- Start of picture text -----

實物
攝影機
Visualizers
充電
車 / 櫃
Charge Carts &
Cabinets
互動式觸控螢幕
Interactive
互動控
Flat Panels
制器
Collaboration Box
自動追蹤
攝影機
Auto Tracking
Cameras
----- End of picture text -----

簡報教育解決方案 Presentation and Education Solutions

==> picture [136 x 42] intentionally omitted <==

15

• 平板與筆電充電方案 Charging Solution

• 美國通路市占 20% Americas – AVer Leading With 20% in USA channel Sales

==> picture [136 x 42] intentionally omitted <==

16

• 實物攝影機 Document Camera

• 2019 年在美國市占率 28% 穩定位居領先地位 Americas – AVer Leading With 28% of Sales in 2019

• 全球首創 4K 無線實物攝影機 First 4K wireless document camera in worldwide

==> picture [136 x 42] intentionally omitted <==

==> picture [1012 x 481] intentionally omitted <==

----- Start of picture text -----

無線
----- End of picture text -----

==> picture [277 x 81] intentionally omitted <==

----- Start of picture text -----

USB
----- End of picture text -----

鵝頸設計機械手臂

17

• 全新互動教學方案 Collaboration Box

• 獨創四分割顯示，整合有線、無線、 USB 影像傳輸，成為跨屏無縫教學方案 Exclusive Quad-mode display for interactive learning, integrated wired, wireless, and USB video seamlessly.

==> picture [590 x 415] intentionally omitted <==

==> picture [657 x 422] intentionally omitted <==

18

• K-12 教育科技趨勢 Trend of EDU Tech

==> picture [136 x 42] intentionally omitted <==

==> picture [910 x 631] intentionally omitted <==

全球教育科技費用支出的的預估金額，從 2018 年到 2025 年將有一倍以上的成長。

This is the worldwide educational digital expense number and the number will increase in value of two from 2018 to 2025.

19

• 疫情影響 Impact of COVID-19

• Combat COVID-19: Keep learning. Together we are on the move!

==> picture [136 x 42] intentionally omitted <==

==> picture [1270 x 687] intentionally omitted <==

==> picture [127 x 643] intentionally omitted <==

E-learning / Distance learning

Work from home

Alternative delivery model

Review status

20

• 產業未來 Our View to Future Education

==> picture [136 x 42] intentionally omitted <==

==> picture [109 x 109] intentionally omitted <==

----- Start of picture text -----

01
----- End of picture text -----

==> picture [297 x 87] intentionally omitted <==

----- Start of picture text -----

平板 / 行動學習
Mobile Learning
----- End of picture text -----

==> picture [475 x 109] intentionally omitted <==

----- Start of picture text -----

遠距教學
02
Distance Learning
----- End of picture text -----

==> picture [856 x 206] intentionally omitted <==

----- Start of picture text -----

Wide Area Tracking Stage Tracking Segment Tracking
----- End of picture text -----

==> picture [109 x 109] intentionally omitted <==

----- Start of picture text -----

03
----- End of picture text -----

==> picture [345 x 87] intentionally omitted <==

----- Start of picture text -----

翻轉教學
Flipped Classroom
----- End of picture text -----

==> picture [503 x 108] intentionally omitted <==

----- Start of picture text -----

互動式教學
04
Interactive Learning
----- End of picture text -----

==> picture [485 x 182] intentionally omitted <==

==> picture [94 x 29] intentionally omitted <==

----- Start of picture text -----

2015
----- End of picture text -----

==> picture [94 x 29] intentionally omitted <==

----- Start of picture text -----

2020
----- End of picture text -----

==> picture [335 x 234] intentionally omitted <==

----- Start of picture text -----

Distance Learning
Interactive Solution
Classroom camera
Charging Solution
----- End of picture text -----

2025

21

智慧產業事業 Smart Industry Business

圓展因應工作分流的視訊會議實例 Example of AVer internal conferencing meeting

==> picture [136 x 42] intentionally omitted <==

==> picture [1514 x 844] intentionally omitted <==

23

• 圓展是視訊會議市場破壞者 AVer is named as VC market Disruptor ( F&S research, 2019)

==> picture [136 x 42] intentionally omitted <==

24

• 圓展在會議終端設備的市場位置 AVer market position (Wain-house research , 2020)

==> picture [136 x 42] intentionally omitted <==

==> picture [1528 x 891] intentionally omitted <==

----- Start of picture text -----

AVer’s CODEC
----- End of picture text -----

25

• 圓展雲端視訊會議 USBCAM

==> picture [136 x 42] intentionally omitted <==

AVer USBCAM for Cloudy Meeting

26

• 圓展 USBCAM 的雲端會議平台相容性 AVer USBCAM Compatible with Most Cloudy platform

==> picture [136 x 42] intentionally omitted <==

27

• 傳統封閉型視訊會議的趨勢與機會 CODEC Trend and Opportunity

==> picture [136 x 42] intentionally omitted <==

• The opportunity of codec (On-Premise) in Asia ( 亞洲是主要成長地區 ) • Codec 在未來全球出貨的複合年均增長率增加 2.0%( Global unit shipments to increase at 2.0% CAGR ) • 亞洲地區將佔整體營收的 44%(Asia Pacific is the largest geography with 44% of total revenue)

• Global Competition Status : 全球市場競爭趨於穩定

==> picture [374 x 193] intentionally omitted <==

EVC Series

Orbit Series SVC100/500

Wainhouse Research Market Survey, “2018 Standards-centric Group Video Conferencing Endpoints WW Market Sizing & 5-Year Forecast”, Analysts: Andrew H. Nilssen, April 2018

28

• 雲端會議 USBCAM 市場趨勢與機會 Cloudy USBCAM Trend and Opportunity

==> picture [136 x 42] intentionally omitted <==

• 。 Reference Design systems 的增長率正 從 Codec 市場轉移出來 (Reference Design systems are increasing in popularity and shifting users away from Single-codec systems)

==> picture [249 x 143] intentionally omitted <==

==> picture [150 x 91] intentionally omitted <==

• 預估 2018-2023 USB 視訊會議攝影機的營收複合年均增長率 超過 10% (The 5 Year Revenue CAGR of USB conference room cams will be 10%) • 。 2019 年全球有 4 千 8 百萬間會議室，其中 小型會議室佔 3 千萬間 (In 2019, WH estimated there are 48,636,600 conference rooms worldwide and 30,925,000 are small rooms)

==> picture [272 x 166] intentionally omitted <==

==> picture [548 x 303] intentionally omitted <==

• 已安裝視訊設備會議室僅佔會議室總數 百分之六 , 2020 (VIDEO CONFERENCING ROOM ONLY 6.0% installation rate, 2020)

29

新冠肺炎影響及圓展的機會 Covid-19 impact to meeting business and our opportunity 1. Covid-19 prompt massive needs for VC system, especially using cloudy software ( 新冠肺炎讓視訊會議需求爆發 , 尤其是雲端視訊會議 )

==> picture [136 x 42] intentionally omitted <==

10M to 200M 2. Zoom said in epidemic period, users increasing from , and major increasing from working at home users. ( 雲端視訊會議服務平台廠商 Zoom 指出在疫情期間 , 使用 Zoom 的用戶暴增至 2 億 ) 3. AVer meeting device have get certification of Microsoft Teams, Zoom, and Google Hangout ( 圓展視訊會議設備已取得微軟 Teams, Zoom, 及谷歌 Hangout 的官方認證 ) 4. AVer deliver products more smooth as compared to competitors ( 基於台灣製造優勢 , 圓展供貨較競爭者更為順暢 )

1. AVer can deliver the best quality product and get the trust from customers ( 圓展持續提供最好品質的產品 , 並且得到廣大客戶的肯定 )

30

Q & A

AVer Information Inc. | www.aver.com