ALi Corporation (3041 TT) 4Q16 Investor Conference

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Presentation transcript:

ALi Corporation (3041 TT) 4Q16 Investor Conference March 17th, 2017

4Q16 Consolidated Quarterly Results 4Q16 revenue reached NT$831 million, QoQ 5%, YoY-25% Gross profit margin was 36% Operating profit margin was -10% NT$ million 圖還沒改 三大報表還沒給

2016 Consolidated Annual Results 2016 annual revenue reached NT$3,401million, YoY-6% Gross profit margin was 37% Operating profit margin was -11% NT$ million 37% 41% -6% -11%

4Q16 Consolidated Income Statement (Amounts in thousand New Taiwan Dollars exceptEarnings Per Share) 4Q16 3Q16 4Q15 QoQ YoY Net sales 831,494 100% 790,877 1,110,908 5% -25% Cost of goods sold (533,706) (506,611) (646,306) -17% Gross profits 297,788 36% 284,266 464,602 42% -36% Operating expenses:  Selling expenses (42,784) (58,266) (74,961) -27% -43%  Administrative expenses (65,048) (64,537) (80,371) 1% -19%  Research and development expenses (273,562) (275,602) (307,904) -1% -11% Total operating expenses (381,394) (398,405) (463,236) -4% -18% Operating income (83,606) -10% (114,139) -14% 1,366 0% n/a Non-operating income and gain (expense & loss) (300,106) 10,637 24,965 Income before income tax (383,712) (103,502) 26,331 271% Income tax (expense) benefit 10,265 20,337 (8,500) -50% Net income (373,447) (83,165) 17,831 349% Earnings Per Share (in New Taiwan Dollars)   (1.27)   (0.28)   0.06 數字還沒更新 ,10/25下午julia說會給

2016 Consolidated Income Statement (Amounts in thousand New Taiwan Dollars) 2016 2015 YoY Net sales 3,400,744 100% 3,631,593 -6% Cost of goods sold (2,154,403) (2,126,944) 1% Gross profits 1,246,341 37% 1,504,649 41% -17% Operating expenses  Selling expenses (239,486) (274,664) -13%  Administrative expenses (255,350) (294,309)  Research and development expenses (1,129,398) (1,158,802) -3% Total operating expenses (1,624,234) (1,727,775) Operating income (377,893) -11% (223,126) 69% Non-operating income and gain(expense & loss) (248,672) 132,782 n/a Income before income tax (626,565) (90,344) 594% Income tax(expense)benefit 51,257 4,436 1055% Net income (575,308) (85,908) -2% 570% Earnings Per Share (in New Taiwan Dollars)   (1.95)   (0.29)

4Q16 Consolidated Balance Sheet (Amounts in thousand New Taiwan Dollars except Key Indices) Selected Items from Balance Sheet Dec 31, 2016 Sep 30, 2016 Dec 31, 2015 Cash, cash equivalents and investments in marketable financial instruments 3,565,358 3,575,810 3,985,236 Notes and accounts receivable 238,759 196,525 262,039 Inventory (net) 552,363 597,177 448,137 Other current assets 323,021 274,948 476,288 Total current assets 4,679,501 4,644,460 5,171,700 Long-term Investments 60,410 61,154 114,523 Net PP&E 641,251 652,324 676,787 Intangible assets 170,971 514,413 446,852 Other assets 225,142 214,788 172,199 Total assets 5,777,275 6,087,139 6,582,061 Notes and accounts payable 448,124 410,313 633,629 Other current liabilities 419,500 392,977 400,366 Non-current liabilities 17,626 21,275 30,148 Total liabilities 885,250 824,565 1,064,143 Total shareholders' equity 4,892,025 5,262,574 5,517,918 Key Indices A/R Turnover Days (net) 24 22 20 Inventory Turnover Days (net) 99 109 58 Current Ratio 5.4 5.8 5.0 10/28才會拿到

2016 Consolidated Balance Sheet (Amounts in thousand New Taiwan Dollars except Key Indices) 2016 2015 Selected Items from Balance Sheet: Cash & financial asset current 3,985,236 4,116,446 Notes and accounts receivable 262,039 164,134 Inventory (net) 448,137 512,045 Other current asset 476,288 565,701 Total current asset 5,171,700 5,358,326 Funds and Investments 114,523 95,621 Net PP&E 676,787 685,008 Intangible assets 446,852 548,425 Other assets 172,199 153,185 Total assets 6,582,061 6,840,565 Notes & accounts payable 633,629 511,217 Other current liabilities 400,366 516,412 Other liabilities 30,148 38,915 Total liabilities 1,064,143 1,066,544 Total shareholders' equity 5,517,918 5,774,021 Key Indices A/R Turnover Days (net) 21 30 Inventory Turnover Days (net) 82 63 Current Ratio 5.0 5.2

Quarterly Revenue Breakdown 5~10% 35~40% 5~10% 30~35% 55~60% 45~50% 65~70% 60~65% 4Q: Pay 34% Retail: 61% Others(NON):5% 3Q :Pay 36 % Retail: 56 % Others(NON): 8 % 2Q :Pay 26 % Retail: 65% Others(NON): 9 %

Annual Revenue Breakdown 2015 2016 2016: Pay 37% Retail: 57% Others(NON):6% 2015: Pay 40% Retail: 51% Others(NON):9%

Thank You