ATEN International

TWSE 6277

ATEN International

2021 Q2 Investor Conference

September 7, 2021

Financial Performance

Consolidated Statements of Comprehensive Income – 2Q21 (YoY)

Note : Taiwan Consolidated Basis 3

In NT million

Amount % Amount % Amount %

Net Sales 1,221 100.0 1,083 100.0 138 13

Gross Profit 711 58.3 649 59.9 63 10

Operating Expenses 532 43.5 593 54.8 -62 -10

Sales Expenses 295 24.2 305 28.2 -10 -3

Admin. Expenses 119 9.8 149 13.7 -30 -20

RD Expenses 117 9.6 139 12.8 -22 -16

Operating Profit 180 14.7 56 5.1 124 223

Non-Operating Income and Expenses -2 -0.1 875 80.9 -877 -100

Net Income before Tax 178 14.6 931 86.0 -753 -81

Tax 45 3.7 20 1.9 25 122

Net Income 133 10.9 911 84.1 -778 -85

EPS(NT$) (After Tax) 1.10 7.62

2Q21 2Q20 YoY

Consolidated Statements of Comprehensive Income – 2Q21 (YoY)


In NT Million 2Q20

Disposal

Effect

Amount % Amount % Amount % Amount

Net Sales 1,221 100.0 1,083 100.0 138 13

Gross Profit 711 58.3 656 60.6 55 8 -7

Operating Expenses 532 43.5 510 47.1 21 4 83

Sales Expenses 295 24.2 286 26.5 9 3 19

Admin. Expenses 119 9.8 116 10.7 3 3 33

RD Expenses 117 9.6 108 10.0 9 9 31

Operating Profit 180 14.7 146 13.5 34 23 -90

Non-Operating Income and Expenses -2 -0.1 8 0.7 -9 -121 867

Net Income before Tax 178 14.6 154 14.2 24 16 777

Tax 45 3.7 28 2.6 17 62 -8

Net Income 133 10.9 126 11.6 7 6 785

EPS(NT$) (After Tax) 1.10 1.05 6.57

2Q21 2Q20

(Without Disposal Effect)

YoY

Consolidated Statements of Comprehensive Income – Jan.~ Jun. 2021 (YoY)


In NT million

Amount % Amount % Amount %

Net Sales 2,452 100.0 2,236 100.0 216 10

Gross Profit 1,438 58.6 1,347 60.2 91 7

Operating Expenses 1,059 43.2 1,159 51.9 -100 -9

Sales Expenses 580 23.6 614 27.4 -34 -6

Admin. Expenses 232 9.4 274 12.3 -42 -15

RD Expenses 248 10.1 272 12.2 -24 -9

Operating Profit 379 15.4 187 8.4 192 102

Non-Operating Income and Expenses 28 1.1 1,080 48.3 -1052 -97

Net Income before Tax 406 16.6 1,267 56.7 -861 -68

Tax 101 4.1 56 2.5 45 81

Net Income 306 12.5 1,212 54.2 -906 -75

EPS(NT$) (After Tax) 2.52 10.15

Jan. ~ Jun. '21 Jan. ~ Jun. '20 YoY

Consolidated Statements of Comprehensive Income – Jan.~ Jun. 2021 (YoY)


In NT Million H120

Disposal

Effect

Amount % Amount % Amount % Amount

Net Sales 2,452 100.0 2,236 100.0 216 10

Gross Profit 1,438 58.6 1,356 60.6 82 6 -10

Operating Expenses 1,059 43.2 1,050 47.0 9 1 109

Sales Expenses 580 23.6 588 26.3 -8 -1 25

Admin. Expenses 232 9.4 231 10.3 1 0 43

RD Expenses 248 10.1 231 10.3 17 7 41

Operating Profit 379 15.4 306 13.7 73 24 -119

Non-Operating Income and Expenses 28 1.1 18 0.8 10 53 1,062

Net Income before Tax 406 16.6 324 14.5 82 25 943

Tax 101 4.1 67 3.0 34 50 -11

Net Income 306 12.5 257 11.5 49 19 954

EPS(NT$) (After Tax) 2.52 2.16 7.99

Jan. ~ Jun. '21 Jan. ~ Jun. '20

(Without Disposal Effect)

YoY

Balance Sheets – Jun. 2021 YoY


In NT MillionAmount % Amount % Amount %

Cash and Financial Assets 2,843 38 3,693 46 -850 -23

Accounts Receivable 731 10 577 7 154 27

Inventory 997 13 1,068 13 -71 -7

Other Current Assets 127 2 126 2 1 1

Total Current Assets 4,698 62 5,464 68 -766 -14

Property, Plant, and Equipment 2,292 30 2,039 25 253 12

Other Non-Current Assets 551 7 538 7 13 2

Total Non-Current Assets 2,844 38 2,578 32 266 10

Total Assets 7,542 100 8,042 100 -500 -6

Short-term Borrowings 511 7 756 9 -245 -32

Accounts Payable 392 5 375 5 17 5

Other Accounts Payable 575 8 618 8 -43 -7

Other Current Liabilities 746 10 889 11 -144 -16

Total Current Liabilities 2,223 29 2,638 33 -415 -16

Long-term Borrowings 39 1 57 1 -18 -31

Other Non-Current Liabilities 548 7 506 6 42 8

Total Non-Current Liabilities 587 8 563 7 24 4

Total Liabilities 2,810 37 3,201 40 -391 -12

Total Equity 4,732 63 4,841 60 -109 -2

Receivable turnover days 56 6.54 49 7.42Inventory turnover days 181 2.02 211 1.73Payable turnover days 67 5.45 78 4.70

Jun. ’21 Jun. ‘20 YoY

Cash Flow – From Jan.- Jun. 2021 YoY

In NT Million Jan.~ Jun. ’21 Jan.~ Jun. ‘20 Cash and cash equivalents at beginning of period 942 742 From Operating 495 -967

Net Profit before Tax 406 1,267 Non cash adjustments to reconcile profit and loss 79 -979 Financial assets at fair value through profit or loss, mandatorily measured 19 -1,295 Inventory 17 -83 Account Receivable 37 51 Account Payable 39 -7 Other Operation Sources / (Uses) -102 79

From Investing -167 1,026 Disposal of Investment income under equity method 0 206 Disposal of financial assets designated at fair value through profit or loss 0 918 Property, plant and equipment -164 -91 Other Investing Sources / (Uses) -3 -7

From Financing -307 7 Short-Term and Long-Term Borrowings -249 71 Other Financing Sources / (Uses) -58 -64

Effect of exchange rate changes on cash and cash equivalents -39 -6 Cash and cash equivalents at end of period 923 802 Free Cash Flow 328 59

Note : Taiwan

Consolidated

Basis

8

Without Trading

Financial Assets

+476

Without Trading

Financial Assets

+328

Including Trading

Financial Assets

-148

Including Trading

Financial Assets

-269

Sales by Product Categories YoY

292 353 132 146 224 232

510 553

711 687

861 939

325 384

0

500

1000

1500

2000

2500

3000

3500

2020 01-08 2021 01-08 NT Million

IT架構管理解決方案

-Enterprise


-SOHO/SMB


-Enterprise

IT

Infrastructur

e Access

Management

-Enterprise

(Over-IP)

11.7%

IT

Infrastructure

Access

Management

-Enterprise

(Non Over-IP)

28.5%

IT

Infrastructure

Access

Management

-SMB 20.8%

Pro-AV 16.8%

USB 7.0%

Accessories

4.4%

Others 10.7%

2021 01-08

9

Total YoY 7.8%

YoY 18.2%

YoY -3.5%

YoY 8.3%

YoY 3.8% YoY 10.7%

YoY 21.1%

YoY 9.1%

Cabinet business

accounted for 4.3%

of total revenue

Sales by Product Region YoY

674 721

784 815

1,543 1,694

0

500

1000

1500

2000

2500

3000

3500

2020 01-08 2021 01-08

Asia 51%

America 25%

Europe 22%

2021 01-08 NT Million

10

Total YoY 7.8%

YoY 9.8%

YoY 3.9%

YoY 6.9%

Dividend Policy

6.60 6.08

13.19

6.05

12.55

2.52 5.8 5.5

8.0

5.3 5.5

2.3

2016 2017 2018 2019 2020 2021H1

EPS

Cash Dividend

90% payout ratio from operational

profit remains unchanged

11

Q2 2.5

Q4 3.0

ATEN Smart

Manufacturing Solution

• Provide remote control

and monitoring

management solutions

and decrease the

necessity of entry into

the clean room

• Improve production

efficiency and increase

man-machine ratio and

utilization rate.

Cabinet Product Line

• Provide cabinet, KVM,

UPS, and PDU products

in the data with total

solution.

• One-time shopping

experience to fulfill

customers’ demand.

Thailand Manufacturing

Factory

• Lower the tariff and

shipment cost.

• Compensate the

shortfall of product

capacity at China

factory.

• Scatter the production

risk.

Operational Highlight

12

Q&A

We have made forward-looking statements in the presentation. Our forward-looking statements contain information regarding, among other things, our financial conditions, future expansion

plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these

expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties, and assumptions about us.

We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risk,

uncertainties and assumptions, the forward-looking events in the conference might not occur and our actual results could differ materially from those anticipated in these forward-looking

statements.

13

Appendix

Sales by Product Categories YoY

121 135 43 53 68 87 151

210

261

242

330

362

108

131

0

325

650

975

1300

2020 Q2 2021 Q2 NT Million


-Enterprise


-SOHO/SMB


-Enterprise

IT

Infrastructur

e Access

Management

-Enterprise

(Over-IP)

10.7%

IT

Infrastructure

Access

Management

-Enterprise

(Non Over-IP)

29.7%

IT

Infrastructure

Access

Management

-SMB 19.8%

Pro-AV 17.2%

USB 7.2%

Accessories

4.3%

Others 11.1%

2021 Q2

16

Total YoY 12.8%

YoY 21.2%

YoY -7.4%

YoY 38.9%

YoY 27.9%

YoY 22.8%

YoY 11.9%

YoY 9.9%

Cabinet business

accounted for 4.7%

of total revenue

Sales by Product Region YoY

213 265

268 308

572

620

0

325

650

975

1300

2020 Q2 2021 Q2

Asia 51%

America 25%

Europe 22%

2021 Q2 NT Million

17

Total YoY 12.8%

YoY 8.5%

YoY 14.9%

YoY 24.4%

ATEN International

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