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ALi Corporation (3041TT) today held its 2012 fourth quarter online earnings conference and announced consolidated revenue of NT$1,184 million, consolidated gross profit of NT$530 million with consolidated gross profit margin of 45%, consolidated operating income of NT$170 million with consolidated operating profit margin of 14%, net income of NT$101 million, and basic earnings per share of NT$0.35 for the fourth quarter ended December 31st, 2012. Additionally, the company announced 2012 annual consolidated revenue of NT$5,123 million, consolidated gross profit of NT$2,423 million with consolidated gross profit margin of 47%, consolidated operating income of NT$933 million with consolidated operating profit margin of 18%, net income of NT$770 million, and basic earnings per share of NT$2.63.


ALi Corporation stated that fourth quarter’s revenue of NT$1,184 million, despite a 3% decrease on a quarter-over-quarter basis, met the previous fourth quarter guidance which predicted between an increase by 5% and a decrease by 5%. The quarterly result was due to the global economic slowdown and political uncertainty suppressing the demand for STB products in retail market. However, the China market continued its seasonal momentum with increasing product revenues from not only Pay-TV operators but also retail IP STB. As a result of the demand to upgrade from standard definition to high definition, increase in mass production shipment of IP STB (OTT), as well as years of cultivating relationship with Pay-TV cable operators, revenue in this quarter increased by 6% on a year-over-year basis.  Consolidated gross profit margin was 45%, declining by 2 percentage points compared to 47% last quarter but still in line with the fourth quarter guidance of 45%-47%. Operating profit margin of 14% was lower than previous guidance of 15%-17%.

ALi Corporation also announced its consolidated 2012 revenue totaled NT$5.12 billion, up 39% YoY, thanks to the demand fueled by regional ASO (Analog Switch-off) and transition from standard-definition digital STB to high-definition devices, significant progress in cultivating relationship with Pay-TV operators in emerging markets, and development of retail IP STB. Consolidated gross profit margin was 47%, up 2 percentage points compared to 45% of 2011, mainly due to better product mix. Operating profit increased by 76% on a year-over-year basis with operating profit margin of 18%, 4 percentage points higher than 14% of 2011.

As to the product line contribution in the fourth quarter, STB accounted for around 90% of the revenue. ALi’s STB end markets can be categorized into retail HD, retail SD satellite, retail SD terrestrial, retail IP STB (OTT), and Pay-TV operators, which accounted for 45~50%, 25~30%, 15~20%, 3~5% and 5~10% of STB revenue respectively. In terms of geographical revenue breakdown, China accounted for 10-15% of total STB revenue, while emerging markets for 45-50% and Europe & US for 40-45%.  Regarding the product line contribution in 2012, STB accounted for over 90% of the revenue. Retail HD, retail SD satellite, retail SD terrestrial, retail IP STB (OTT), and Pay-TV operators accounted for 55~60%, 20~25%, 10~15%, 1~5% and 5~10% of STB revenue, respectively. As for geographical revenue breakdown, China accounted for 5-10% of total STB revenue, while emerging markets for 50-55% and Europe & US for 35-40%.

ALi Corporation. (3041 TT) today announced to webcast its fourth quarter 2012 earnings conference call on Friday, March 29 at 2 p.m. Taipei Time in Mandarin. Dr. Ben Lin, Chairman & CEO, will host the conference call to discuss the company’s financial results and answer questions from investors.


A live webcast of the conference call will be available through the Investor Relations page on the ALi website. Analysts or media representatives wishing to ask questions may use the toll-free numbers listed below.

Event Details


Event Title:ALi Corp, 4Q12 Earnings Conference Call
Date:2013-03-29 14:00 (Taipei Time)
Speaker:Dr. Ben Lin, Chairman & CEO
Language:Mandarin
Webcast URL:http://www.mzcan.com/cancast/taiwan/index.php?id=tw3041_18&version=c 
Dial-In Numbers
TW:008-011-36338 
HK:3027-5500
CN:800-803-6103  
UK:800-279-7785
US:1-866-978-9970  
International Access:+852 3027-5500


Password:168005#


Please find further information about the conference on the Company's website www.alitech.com. Questions regarding this conference call may be directed to our Investor Relations Division at +886-8752-2000. Thank you.
 

ALi Corporation (3041 TT) today announced the total consolidated revenue for Feb 2013 reached NT$224.6 million, representing a decrease of 36.8% MoM and 52.4% YoY, respectively.


The company expressed that the decrease of February STB revenue was mainly a result of fewer working days due to the Chinese Lunar New Year holidays. However, the growth momentum in Pay-TV market in emerging countries. The company will keep investing in Pay-TV operator market and development of retail IP STB. The year-over-year sales decrease was due to higher February sales base in 2012, resulting from the ASO in Western Europe and Chinese Lunar New Year in 2012 starting in late January as well. 


Furthermore, the company also announced that it will demonstrate its complete line of STB chipset solutions targeting the China MSO market at the upcoming CCBN 2013 to be held on March 21-23 in Beijing. The company also pointed out the cumulative shipments of SD (Standard Definition) STB chipsets have reached 10 million units in the China cable pay TV market. Looking forward, the company continues to provide STB solutions aiming at the Chinese market. Among those are cable plus OTT hybrid solutions allowing MSO to provide diverse services; multi-screen interactive applications; HD (High Definition) STB chipsets pushing faster migration to high definition digital TV.

Consolidated Sales Report, Feb 2013 (in NT$1,000)

Item Feb Jan Difference MoM
Net Sales 224,618 355,547 (130,929) (36.8%)
Item 2013 2012 Difference YoY
Feb 224,618 471,756 (247,138) (52.4%)
Jan to Feb 580,165 809,968 (229,803) (28.4%)

Note: Figures have not been audited; consolidated entities include ALi Corporation and its subsidiaries. 

ALi Corporation (3041 TT) today announced the total consolidated revenue for Jan 2013 reached NT$355.5 million, representing a decrease of 14.7% MoM but an increase of 5.1% YoY.


The company expressed that continuous growth of retail IP STB, seasonal momentum of China Pay-TV market and promising performance of Pay-TV market in emerging countries are the major areas standing out in the Jan sales. The company will continue investing in Pay-TV operator market and development of retail IP STB.


Furthermore, the company today also announced the details on the disposal of the 7th-10th floors and corresponding parking and public spaces of its office building, the NASA Building, with the total selling price of NT$1.77888 billion and after-tax gain on disposal of NT$0.89 billion.  For more information, please visit the information webpage on MOPS.

Consolidated Sales Report, Jan 2013 (in NT$1,000)

Item Jan. Dec. Difference MoM
Net Sales 355,547 416,601 (61,054) (14.7%)

Item 2013 2012 Difference YoY
Jan 355,547 338,212 17,335 5.1%
Jan to Jan 355,547 338,212 17,335 5.1%

Note: Figures have not been audited; Consolidated entities include ALi Corporation and its subsidiaries. 

ALi Corporation (3041 TT) today announced the total consolidated revenue for December 2012 reached NT$416.6 million, representing an increase of 21.0% MoM but a decrease of 10.9% YoY. Aggregate revenue from January to December of 2012 was NT$5.12 billion, up 39.1% from the same period last year.


The company expressed that the growth in monthly revenue for December was a result of increasing demand for STB products in global retail market, in addition to continuously rising shipment of Retail IP STB and seasonal momentum of China Pay-TV market.  The company also announced its unaudited consolidated sales for 4th quarter 2012 of NT$1,183 million, in line with the sales guidance of between NT$1,160 million and 1,280 million the company previously provided.  The consolidated 2012 revenues totaled NT$5.12 billion, up 39.1% YoY, thanks to the demand fueled by regional ASO (Analog Switch-off) and transition from standard-definition digital STB to high-definition devices, significant progress in cultivating relationship with Pay-TV operators in emerging markets, and development of Retail IP STB.

Consolidated Sales Report, Dec. 2012 (in NT$1,000)

Item Dec. Nov. Difference MoM
Net Sales 416,601 344,248 72,353 21.0%
Item 2012 2011 Difference YoY
Dec 416,601 467,504 (50,903)  (10.9%)
Jan to Dec 5,122,348 3,683,215 1,439,133  39.1%

Note: Figures have not been audited; Consolidated entities include ALi Corporation and its subsidiaries.  

ALi Corporation (3041 TT) today announced the total consolidated revenue for November 2012 reached NT$344.2 million, representing a decrease of 18.5% MoM and the similar level as last year. Aggregate revenue from January to November of 2012 was NT$4.71 billion, up 46.3% from the same period last year.


The company expressed that global economic slowdown and political uncertainty, particularly negative growth for two consecutive quarters in the Eurozone, have suppressed the demand for STB products in retail market. However, the China market continues its seasonal momentum with increasing product revenues from not only Pay-TV operators but also Retail IP STB.


To focus on core business, ALi Corporation earlier announced the plan to dispose of the 7th-10th floors and corresponding parking and public spaces of its office building, the NASA Building (Note1), through a public bidding. However, in compliance with the new regulation set by the Government, ALi Corporation has paused the bidding.


In addition, ALi Corporation will complete the procedures about the acquisition of Abilis Systems in December.

Consolidated Sales Report, Nov 2012 (in NT$1,000)

Item Nov. Oct. Difference MoM
Net Sales 344,248 422,392 (78,144) (18.5%)
Item 2012 2011 Difference YoY
Nov 344,248 344,231 17 0.0%
Jan to Nov 4,705,747 3,215,710 1,490,037 46.3%

Note: Figures have not been audited.

Note1: ALi Corporation will keep the 4th -6th floors as headquarters and for future expansion use.

ALi Corporation (3041 TT) today announced the total consolidated revenue for October 2012 reached NT$422.4 million, representing a decrease of 23.3% MoM but an increase of 37.0% YoY. Aggregate revenue from January to October of 2012 was NT$4.36 billion, up 51.9% from the same period last year.


The company expressed that economic downturns in certain regions lead to lower-than-expected demand in this holiday season. However, the China market sees progress at the onset of the fourth quarter, with promising performance from not only Retail IP STB but also Pay-TV operators. Looking forward, momentum for future growth is driven by the transition from SD to HD, cultivated relationship with Pay-TV operators and development of Retail IP STB.


As announced on Oct. 25, ALi Corporation plans to acquire Abilis Systems from Kudelski Group for USD $18M(approximately NTD $526M)(Note1), aiming at complementing existing STB product lines as well as client base and boosting revenue. Furthermore, ALi will collaborate with Kudelski in product deployment for the Pay-TV market. Both parties agree to integrate Nagra On-Chip Security onto ALi’s lines of chipsets, which are to launch in the second half of 2013, providing Pay-TV operators more secure, cost-effective chipset platforms powering innovative set-top boxes and modules.


To focus on core business, ALi Corporation has decided to dispose of the 7th-10th floors and corresponding parking and public spaces of its office building, the NASA Building (Note2), through a public bidding to be handled by Savills with a starting bid of NTD $1.8 billion.

Consolidated Sales Report, Oct. 2012 (in NT$1,000)

Item Oct. Sep. Difference MoM
Net Sales 422,392 550,637 (128,245) (23.3%)

Item 2012 2011 Difference YoY
Oct. 422,392 308,336 114,056 37.0%
Jan. to Oct. 4,361,499 2,871,479 1,490,020 51.9%

Note: Figures have not been audited.

Note1: The cash and cash equivalents totaled NTD$3.9 billion for the period ended Sep 30, 2012.

Note2: ALi Corporation will keep the 4th -6th floors as headquarters and for future expansion use.

ALi Corporation (3041TT) today held its third quarter online earnings conference and announced consolidated revenue of NT$1,222 million, consolidated gross profit of NT$574 million with consolidated gross profit margin of 47%, consolidated operating income of NT$211 million with consolidated operating profit margin of 17%, net income of NT$189 million, and basic earnings per share of NT$0.64 for the third quarter ended September 30, 2012.


ALi Corporation stated that third quarter’s revenue, despite a 5% decrease on a quarter-over-quarter basis, was more promising than the third quarter guidance which predicted a decrease by 14-20%. The better-than-expected third quarter result was due to improvement on inventory build-up and a recovery of demand from end market in September following the decline in retail market seen in July and August. Benefiting from the demand to upgrade from standard definition to high definition and increase in mass production shipment of IP STB (OTT), as well as the result from years of cultivating relationship with Pay-TV operators, revenue in this quarter increased by 30% on a year-over-year basis.  Consolidated gross profit margin was 47%, declining by 2 percentage points compared to 49% last quarter but representing an increase of 3 percentage points on a year-over-year basis, in line with the third quarter guidance of 46.2%-48.0%. Operating expenses declined by 4%on a quarter-over-quarter basis and operating profit margin of 17% was higher than previous guidance of 13.6%-14.0% thanks to better-than-expected revenue. Consolidated net income reached $189 million with a basic earnings-per-share of $0.64, higher than the estimated $0.40-0.43.


For the product line contribution of the third quarter, STB accounted for 90% of the revenue, similar to the ratios of the previous quarters. ALi’s STB end markets can be categorized into Retail HD, Retail SD Satellite, Retail SD Terrestrial, Retail IP STB (OTT), and Pay-TV operators, which accounted for 60~65%, 20~25%, 5~10%, 0~5% and 5~10% of STB revenue contribution respectively. As for geographical revenue breakdown, China accounted for 10-15% of total STB revenue, while Emerging Market for 50-55% and Europe & US for 35-40%.


Looking forward, the Chairman and CEO, Dr. Ben Lin, stated that skeptical outlook on the global semiconductor industry in the fourth quarter and concerns over economic risks in certain regions give rise to a more conservative view on the fourth quarter. Guidance for the fourth quarter’s consolidated revenue is expected to be between NT$1,160M and NT$1,280M, between an increase by 5% and a decrease by 5% on a quarter-over-quarter basis and an increase by 4-14% on a year-over-year basis, while consolidated gross profit margin between 45.0% and 47.0%, and consolidated operating profit margin between 15.0% and 17.0%.

Taipei, October 25, 2012 – ALi Corporation (Taiwan Stock Exchange:3041), a professional IC design company with innovative technologies and comprehensive solutions for the digital set-top box market based in Taiwan, and the Kudelski Group (SIX:KUD.S), the world’s leading independent provider of media content protection and value-added service technology, today announced that they have entered into an agreement under which the ALi Corporation acquires Abilis Systems Sàrl from Kudelski. Based in Geneva, Switzerland, Abilis is a fabless semiconductor company providing RF modulators, secure media processors, and broadcast-to-IP solutions.

ALi and Kudelski have put in place a security framework whereby ALi will actively support Kudelski in protecting the pay TV content across the set-top box value chain. ALi and Kudelski agree to integrate Nagra On-Chip Security (“NOCS”) onto ALi’s lines of chipsets, resulting in a secure, cost-effective chipset platform powering innovative set-top boxes and modules for pay TV operators.

Both companies will be working to develop new solutions for high growth markets.

ALi envisions that set-top boxes powered with ALi chips and embedded with NOCS will be available to operators in 2013.

About The Kudelski Group
The Kudelski Group (SIX: KUD.S) is a world leader in digital security and convergent media solutions for the delivery of digital and interactive content. Its technologies are used in a wide range of services and applications requiring access control and rights management to secure the revenue of content owners and service providers for digital television and interactive applications across broadcast, broadband and mobile delivery networks. The Kudelski Group is also a world technology leader in the area of access control and management of people or vehicles to sites and events. The Kudelski Group is headquartered in Cheseaux-sur-Lausanne, Switzerland. For more information, please visit www.nagra.com.

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