OTC 績優上櫃公司業績發表會 October, 2008 Safe Harbor Statement Except for facts in respect of historical matters and figures, the statements in this release 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 AAT (“the Company”) to be materially different from what may be implied by such forward-looking statements. The financial forecasts and forward-looking statements in this release reflect the current belief of the Company as of the date of this release and the Company undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date. 2 Company Profile www.aatech.com.tw Establishment: March 1999 Capital: NT$398 mn (~US$12.6 mn) Listing: July 2006, Taiwan OTC Ticker: 3438.tw Market Cap: ~NT$2.39bn (~US$74.6mn) Employee: 106 (as of September, 2008) Business Nature: Fabless IC design house Product: Power Management ICs Headquarters: 2F, No. 17, Industry E. 2nd Road, Science-Based Industrial Park, Hsinchu 300, Taiwan. Tel:(886)-3-563-3125 Fax:(886)-3-563-3126 Taipei Branch Office: 10F, No. 205, Sec. 3, Beishin Rd, Shindian City, Taipei County 231, Taiwan Tel:(886)-2-8913-2268 Fax:(886)-2-8913-2269 3 AAT Income Statement QoQ NTD Thousand Jul-Aug 2008(自結數) Net sales Q2 2008(Audited) QoQ% 196,040 100.0% 331,471 100.0% -40.9% (115,713) -59.0% (199,515) -60.2% -42.0% Gross margin 80,327 41.0% 131,957 39.8% -39.1% Total operating expenses (32,425) -16.5% (58,399) -17.6% -44.5% 47,902 24.4% 73,558 22.2% -34.9% Non-operating income 6,651 3.4% 5,776 1.7% 15.1% Non-operating expense 16,601 8.5% (1,031) -0.3% EBIT 71,154 36.3% 78,303 23.6% Income tax (5,000) -2.6% 2,024 0.6% Net earnings 66,154 33.7% 80,327 24.2% COGS Operating profit EPS 1.70 4 2.07 -17.6% -17.9% AAT Income Statement YoY NTD Thousand 2008 Jan-Aug(自結數) Net sales 2007 Jan-Sep YoY% 847,442 100.0% 756,402 100.0% 12.0% (507,357) -59.9% (451,133) -59.6% 12.5% Gross margin 340,084 40.1% 305,269 40.4% 11.4% Total operating expenses (136,541) -16.1% (87,520) -11.6% 56.0% 203,543 24.0% 217,749 28.8% -6.5% Non-operating income 16,415 1.9% 15,774 2.1% 4.1% Non-operating expense (23,486) -2.8% (11,155) -1.5% EBIT 196,472 23.2% 222,368 29.4% 6,858 0.8% (10,008) -1.3% 203,330 24.0% 212,360 28.1% COGS Operating profit Income tax Net earnings EPS(after tax) EPS(after tax)5 Weighted Adj. 5.20 5.59 5.32 -4.3% AAT Balance Sheet QoQ & YoY NTD Thousand 2008.8.31 2008.6.30 QoQ% 2007.9.30 Cash and equivalents 789,088 1,031,804 -23.5% 729,534 Inventories 96,427 99,607 -3.2% 104,092 1,337,589 1,512,840 -11.6% 1,214,338 Debts 142,959 142,770 - - Total Liabilities 396,586 637,992 -37.8% 181,383 Common Share 398,261 379,570 4.9% 379,570 Shares Bought Back 135,052 135,052 0.0% Shareholder's equity 941,002 874,848 7.6% 33.0% 27.3% Total Assets ROE 6 1,032,955 27.9% Sales Breakdown by Applications QoQ Jul-Aug 2008 Networking Others 2.0% 2.7% GPS 1.5% DSC 15.0% TFT-LCD Panel 78.8% 7 Q2 2008 Networking 1.5% GPS 1.2% Others 2.7% DSC 11.2% TFT-LCD Panel 83.4% Sales Breakdown by Application YoY Jul-Aug 2008 Networking Others 2.0% 2.7% GPS 1.5% DSC 15.0% TFT-LCD Panel 78.8% 8 Q3 2007 Networking 1.3% GPS 2.1% Others 2.7% DSC 20.1% TFT-LCD Panel 73.8% Sales Breakdown by Geographic Areas QoQ Jul-Aug 2008 China 26.7% Taiwan 73.3% 9 Q2 2008 China 22.8% Taiwan 77.2% Historical Monthly Revenue Unit: 1,000 NTD 2008 2007 160,000 140,144 140,000 120,000 112,512 105,561 112,258 109,141 98,278 100,000 125,503 116,916 113,652 110,713 104,362 102,135 94,710 91,678 84,805 81,023 71,203 80,000 67,431 67,572 70,608 60,000 40,000 20,000 0 Jan. 10 Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Average Selling Price (ASP) NT$16 NT$12 NT$8 NT$4 NT$0 Jan Feb Mar Apr 2006ASP 11 May Jun 2007ASP Jul Aug 2008ASP Sep Oct Nov Dec Q&A 12