AVerMedia Technologies
Corporate Profile

2012.03.14

AVerMedia Technologies Overview
Founded in 1990, specializing in designing, manufacturing and marketing ofMultimedia Entertainment Product, Consumer Electronics Products, InternetVideo Streaming and Manufacturing.
 2010 annual turnover (AVerMedia Group): US$ 183.74 million(AVT): US$ 90.19 million
 Consecutive profitable years: 20 years

 Employees: 557 (2011/12/31)

 RD Engineers: 186* AVer Information was not consider as the subsidiary of AVerMedia Technologies
effective from 2011 April. We therefore make retroactive adjustment back to theconsolidated revenue for prior year so that the consistent comparable information
could fairly present the real operating performance between periods.

Global Marketing & Service Network
Netherlands

UK

FrenchRussia

China

Japan
Taipei,TaiwanSpain
Thailand
Italy

BrazilUSA

Subsidiaries and global network of distributors, system
integrators, VARs, and ODMs over 75 countries.

Consolidated Sales Revenue by year from 1990 to 2010
7,000.00 M

CAGR 41.92%
6,000.00 M

5,000.00 M

4,000.00 M

3,000.00 M

2,000.00 M

1,000.00 M

0.00 M

1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Consolidated Sales Revenue 3.75 23.41 78.24 138.0 252.3 425.3 568.7 770.1 760.7 902.1 993.2 1,144 1,529 2,374 2,798 2,886 3,352 4,276 4,932 4,913 5,847

Unit: NTD$Million

3 Years Consolidated Income Statement (Q3)
Amount : US$ k
Net Sales
COGSGP
Operating Expense
Operating Income
Net Non-op Items
Income before Tax
Income Tax
Minority Interest
Net Income
Fully Diluted EPS(NT$)
Sales Grew
Exchange Rate: 1:30 (US$:NT$)

2011Q3

2010Q3

2009Q373,688 100%(40,096) (54%)
33,592 46%(30,102) (41%)
3,4905%23,560 32%27,050 37%
4,3276%
1,9533%

154,823 100%(75,508) (49%)
79,315 51%(50,698) (33%)
28,617 18%
14,726 10%
43,343 28%
8,089
5%
5,660
4%

115,131 100%
(55,553) (48%)
59,578 52%(40,878) (36%)
18,699 16%
9,979
9%28,678 25%
4,762
4%
3,560
3%

20,77029,594

20,3562.82(52%)

28%

4.00
34%

19%

2.78
(6%)

18%

3 Years Consolidated Income Statement
Amount : US$ k
Net Sales
COGSGP
Operating Expense
Operating Income
Net Non-op Items
Income before Tax
Income Tax(Ben.)
Minority Interest
Net IncomeFully Diluted EPS(NT$)
Sales Grew
Exchange Rate: 1:30 (US$:NT$)

2010

2009

2008

195,985 100 %

163,773 100 %

164,537 100 %(93,964) (48)%(82,730) (51)%(88,853) (53)%

5,090

49 %
(33)%
16 %
6%
22 %
3%
3%

47 %
(50,750) (32)%24,933 15 %
2,8432%
27,777 17 %
3,069
2%
00%

26,687

16 %

24,709

6,579

52 %
(34)%
18 %
6%
24 %
4%
3%

33,33917 %102,021(66,794)

35,226
12,411
47,637
7,719

4.49
20 %

81,044(54,798)

26,245
9,731
35,976
4,1983.64(0)%75,684

3.34
15 %

15 %

Key Financial indicators
2011Q3

2010Q3

2009Q3ROE

18.90 %

21.43 %

17.46 %

ROA

16.37 %

17.33 %

13.50 %AR Turnover

51 days

54 days

43 daysInventory
Turnover37 days

80 days

75 days

Debt ratio

13.37 %

19.15 %

22.69 %

Balance sheet highlights
Amount : US$ k

2011Q3

2010Q3

2009Q3

Cash & Equivalent

71,06042 %80,51035 %

88,70444 %Accounts Receivable

13,667

8%

30,77914 %

18,2529%Inventory

5,359

3%

22,13910 %15,1468%

Fixed Assets

18,00411 %

50,83422 %

41,79921 %Other Assets

61,04536 %

43,482

19 %37,11618 %Total Assets

169,134

100 %

227,743100 %

201,016100 %Liabilities

22,60813 %

43,61819 %

45,61023 %Equities

146,52787 %

184,12581 %

155,40777 %Exchange Rate: 1:30 (US$:NT$)

2008-2011 Quarterly Revenue/Profit
55,00020,00050,00018,00045,00016,00040,00014,00035,00012,00030,00010,00025,0008,000

20,00015,000

6,000

10,000

4,000

5,000

2,000

00

Amount : US$ kRevenue

Amount : US$ k

2008-Q3

2008-Q4

2009-Q1

2009-Q2

2009-Q3

2009-Q42010-Q1

2010-Q2

2010-Q3

Net Income

2010-Q4

2011-Q1

2011-Q2

2011-Q3

Revenue

41,592

42,68638,51036,52340,097

48,64353,24749,00952,82740,90232,56024,166

16,962Net Income

5,972

5,632

5,703

7,693

6,959

6,332

18,508

2,508

9,292

10,017

4,289

14,305

2,176

Exchange Rate: 1:30 (US$:NT$)
Note 1 : 2011 Q1 and 2010 Q1 recognized gain (after 10% tax) on disposal of AVI shares USD$3,350K and USD$11,949K respectively.
Note 2 : 2010 Q2 adjusted for deferred income tax of USD$3,037K.Breakdown of ROE
30.00 %
25.00 %

180.00 %154.29 %141.67 %141.81 %133.35 % 124.52 %134.33 %129.52 %128.61 %140.00 %20.00 %

120.00 %90.49 %

88.66 %

79.37 %

72.32 %

15.00 %

90.83 %

89.27 %

78.28 %

77.49 %

100.00 %80.00 %

10.00 %
5.00 %

160.00 %60.00 %
17.91 %

22.60 %

16.82 %

17.24 %

24.44 %

13.97 %

16.52 %

16.40 %

16.29 %

21.99 %

16.35 %
18.32 %
15.02 %

0.00 %

2003

2004

2005

ROE = Profit / Net Equity

2006
Profit / Sales2007

2008
Sales / Assets

17.13 %16.30 %17.01 %

40.00 %
20.00 %

0.00 %

20092010
Assets / Net Equity

Profit / Sales
Sales / Assets
Assets / Net Equity

2003
13.97 %
90.49 %
141.67 %2004
16.52 %
88.66 %
154.29 %2005
16.40 %
72.32 %
141.81 %2006
16.29 %
79.37 %
133.35 %2007
21.99 %
89.27 %
124.52 %2008
15.02 %
90.83 %
134.33 %

2009

2010

16.30 %
77.49 %

17.01 %
78.28 %
128.61 %17.13 %

129.52 %ROE = Profit / Net Equity

17.91 %

22.60 %

16.82 %

17.24 %

24.44 %

18.32 %

16.35 %

Dividends distribution
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0

Amount : NT$

EPS

4.77

Cash
3.26
Stock
1.02

2001

4.49
3.64

3.34

3.00

3.04

2005

2006

2.34

1.43

2002

2003

Year

2004

2007

Cash

2008

Stock

2009

2010
Total

2010

3.156

100%

00%

3.156

2009

2.70

100%

00%

2.70

2008

2.40

96%

0.10

4%

2.50

2007

2.20

73%

0.80

27%

3.00

2006

2.00

85%

0.365

15%

2.365

2005

1.37

58%

1.00

42%

2.37

2004

1.57

55%

1.26

45%

2.83

2003

1.52

60%

1.01

40%

2.53

2002

0.79

44%

0.99

56%

1.78

2001

0.51

50%

0.51

50%

1.02

Corporate Governance
Received Certificate of CG6005: Corporate
Governance System Evaluation from Corporate
Governance Association in Taiwan (TCGA)

Information Transparency and Disclosure Ranking
Results in Taiwan• AVerMedia was ranked as A+ in 2009 and 2010
– Only 37 companies were ranked as A+ in 1,181
listed companies of TWSE and GTSM in 2009.
– Only 35 companies were ranked as A+ in 1,154
listed companies of TWSE and GTSM in 2010.

Awards-Corporation
National Quality Award- Corporate Award
The highest national honor to bestow corporations withoutstanding achievements in carrying out extensive
quality control.
AVerMedia Technologies has received this award in 2011.

Outstanding Enterprise Innovation Award
The Excellence Enterprise Innovation Award is given to honor
companies which are rigorously involved in industrial
innovation and has an overall outstanding performance.
AVerMedia stood out from 100 well-known companies in
Taiwan and garnered this award in2010.

Awards-ProductTaiwan Excellence Award 2011
Taiwan Excellence represents Taiwan’s ingenuity inproduct and technological innovation. 35 Taiwan ICT
brands were selected to represent Taiwan Excellence.

8 products of AVerMedia received Taiwan ExcellenceAward in 2011.

Outstanding IT Talents Award &Application Award
AVerMedia has once again proved its dedication in
information technology for entertainment by receiving
this award. AVer3D Capture HD and SUNG TV (IPTV
solution have received the honor in 2010.

Awards-Corporate Social Responsibility

2011 2010

Company

Aggregate

Corporate
Corporate
SocialEnvironmental
Governance Commitment Engagement Protection

14

Planet Technology

7.70

7.4

7.9

8.5

7.1

2

4

TXC Corporation

7.35

8.3

7.6

5.3

8.3

3

3

Everlight Chemical

6.53

4.6

7.1

7.3

7.2

4

2

HIWIN Technologies

6.36

5.3

5.9

7.4

6.857

AVerMedia Technologies

6.36

4.6

6.7

8.3

5.9

66

Inventec Besta

6.36

5.8

5.7

7.2

6.7

7

Walton Advanced Engineering

6.15

5.3

6.6

6.9

5.9

8

Merry Electronics

6.07

5.2

5.7

6.0

7.5

9

Advanced Analog Technology

6.00

7.5

5.3

5.2

6.1

CHC Resources

5.86

5.4

4.4

6.2

7.5

108

Core Technology
Technology– Video conversion between analog and digital– Digital/analog TV standard integration– Streaming media technology– Video codec technology– Hardware, Software and Firmware development capability– Leading technology for embedded TV tuners in the field of Notebook PCs

Patents

114 patents have been granted, while 69 patents are still in the process.

Products

Watch TV on PC Watch Digital Terrestrial or/and Analog TV on PC

Analog TV

USB Solution

TV Box Solution

DVB-T

DVD/Blue-Ray
PlayerPCI & PCI-e Solution
18

HDCaptureVideo Capture & Complete SDK Solution

for Professionals

Game Capture HD

Features: Capture HD game play without a PC
 Play and record in real-time Smart file management

 Take snapshots while gaming or playback

Seriously, who is playing games?
There are more than

170 million gamers in the USESA 2011 report, USA data

In USA, Extreme Gamers play 40 hrs/week in 2009, 48.5hrs/week in 2010

in 2009, Console Gamers play 12 hrs/week

NPD, Gamer Segmentation 2009, 2010, 2011

Extreme Gamers,
6.10M , 4%SecondaryGamers, 33.60M ,20%

Offline PC
Gamers, 24.10M,
14%

Avid PC
Gamers,17.30M , 10%

Heavy Portable
Gamers, 30.00M ,18%

Extreme Gamers
Avid PC Gamers
Heavy Portable Gamers

Online PC Gamers,
25.90M , 15%

Console Gamers,
32.90M , 19%

Console Gamers
Online PC Gamers
Offline PC Gamers
Secondary Gamers

NPD, Gamer Segmentation 2009Console War!

nexgenwars.com is estimating the number in Live.

Here's Activision's estimates, based on NPD, Charttrack and GfK data in 2010.

AVerMedia Gamer Zone @ YouTube

http://www.youtube.com/AVerMediaGamerZone

28

HomeFree Series

29External Market Trend

Tablet PC Shipment forecast

Units: K

31

AVerMedia Streaming Server Solution(Content sources)(Streaming Server)(Client Device)Server Application Streaming

Government

Restaurant

Hospital

Hotel

Education

Broadcast industry

Education
AVerCaster ComboLANAV-in Application Profile •Event : professor's lecture•Input source : video camera•Benefit : no need for an expensive broadcasting
solution, AVerCaster allows students to listen to thelive lecture online everywhere in the campus

HospitalDVB-T

 Application Profile •Event : infotainment
AV-in•Input source :media player - medical commercial
 DVB-T - news etc.
•Benefit : with small amount of investment,patients can enjoy infotainment in each sickroom.
AVerCaster ProLAN

Public Station
 Application Profile •Event : Breaking News
•Input source : Digital TV (DVB-T)•Benefit : no need for extra cabling work, passengers can stop
and watch Live breaking news on every screen in the station
without time delay

AVerCaster Combo
LAN

DVB-T

Broadcasting industry
 Application Profile •Input source : DVB-T/T2, DVB-S/S2, HDMI,
AV-in, SDI, ASI, Analog

DVB-T/T2
DVB-S/S2
HDMI

Internet
AVerCaster pro

AV_in
SDI
ASI
AnalogContent management
server

TV System Service for Medium-sized Hotel

IP STB

Room 1IP STB

Room 2IP STB

Room 3

Over 30 TV
channels

IP STB

Room 4

Third-party•Room service system•VOD system

IP STB

Room 5100/1000
Switch

DVB-T
AVerCaster Pro
Streaming Server

DVB-S+CAM

LANMulticast

Fitness Clubtreadmill

AVerCaster
Combo

DVB-T

100/1000
SwitchLAN

treadmillAVerMedia Corporate Culture• Core Value:
Down-to-earth | Value Creation | Self-Devotion |Service to Society• Humanity Based:
Self-awareness | Self-transcendence | Honesty & Integrity• Excellence in Corporate Social Responsibility :– Besides money donations, we contribute ourselves by offering the help
to those who really need.
– Earth protection and environmental friendly activities under worldwidebasis.

Our Mission•We are committed to enriching entertainment experiences andpromoting effective communication among people.

•We strive to be a global corporate citizen that contributes tosociety.

Charity Activities in Taiwan• Weekly after-class accompanied study to children from low-wage family• Story-telling to children in remote area
• Book donation to aboriginal children

Charity Activities in Taiwan

Clean up the World in Taiwan

Charity Activities in the World
Caring about disabilities
Blind School ．Thailand

Caring about Education
Scholarship ‧ USA

Fund Raising and Donationfor Blind School in Thailand▼

Support the students who
dedicate to environment▼▲
Caring about children
Fairfield’s Special School
United Kingdom
Interaction with pupils at
the special school

Q&A

Thank you