#1acer 2023 First Quarter Earnings May 2023#2Disclaimer The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security issued by Acer or other parties. Acer's statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future, based on current available information and underlying assumptions. Acer does not warranty their accuracy, reliability and completeness. There are a number of factors such as economic conditions, firms abilities, industry environment that could cause actual results and developments to differ materially from those expressed or implied by forward looking statements. Investors should not place undue reliance on them. acer 1#3Statements of Comprehensive Income - 1Q 2023 acer 1Q23 4Q22 (NT$ million) Revenue Gross Profit QoQ Change YOY 1Q22 Change 52,457 100% 59,837 100% 5,363 10.2% Operating Expenses 5,138 9.8% 6,328 10.6% 5,327 8.9% -12% -15% 78,378 100% -33% -3.5% Operating Income Non-Operating Income Profit Before Tax 239 0.5% 704 1.3% 942 1.8% 1,011 1.7% (1,480) -2.5% 8,853 11.3% 5,958 7.6% -76% 2,914 3.7% -92% 188 -39% -14% 0.2% 275% (469) -0.8% Profit After Tax 515 1.0% (832) -1.4% EPS (NT$) 0.17 (0.27) 3,102 4.0% -70% 2,235 2.9% -77% 0.74 Note: Chromebook revenues grew 44.4% in Q1 quarter-over-quarter. 2#4acer Net Sales and Gross Margin Trend Net Sales Net Sales(LHS) Gross Margin Unit: NT$ billion 100.0 86.5 79.8 81.1 78.4 80.0 72.3 12.0% 64.9 11.5% 11.5% 59.8 11.3% 60.0 11.1% 52.5 10.6% 10.1% 10.2% 40.0 20.0 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 3#5Operating Income and Operating Margin Trend Operating Income Unit: NT$ million 4,500 3,979 3,911 4,000 3,467 3,500 4.99% 3,000 4.52% 2,914 4.27% 2,500 3.72% 2,174 2,000 3.01% 1,500 1,011 1,000 829 1.69% 1.28% 500 239 0.45% 0 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Operating Income(LHS) -Operating Margin acer 4#6acer Consolidated Balance Sheet Mar-23 Dec-22 Mar-22 (NT$ million) Cash and cash equivalents 41,541 22% Notes & Accounts receivable 50,290 27% Inventories 39,457 21% Long-term Investment 11,474 6% 46,843 25% 51,364 27% 42,213 22% 9,576 5% 28,088 13% 69,557 33% 63,859 30% 9,332 4% Property, plant and equipment 4,354 2% 4,299 2% 4,084 2% Intangible asset 18,604 10% 18,531 10% 17,075 8% Total Assets 187,462 100% Short-term loan 1,581 1% Notes & Accounts payable 31,201 17% Total Current Liabilities 100,551 Long-term loan Total Liabilities Total Shareholders' Equity² 2 54% 10,091 5% 119,561 64% 67,901 36% 189,040 100% 1,710 1% 31,550 17% 99,524 53% 10,104 5% 118,606 63% 210,817 100% 1,769 1% 44,879 21% 128,177 61% 10,100 5% 147,395 70% 70,434 37% 63,421 30% Notes: 1. Total outstanding common shares: 3,001,107,538 shares; Book value per share NT$21.05. 2. Total Shareholders' Equity includes Non-Controlling Interests 5#7acer Revenue Breakdown by Geography Q1 2022 Q4 2022 Q1 2023 32.4% 22.0% 23.8% 43.1% 52.7% 52.9% 25.3% 24.5% 23.3% NT$ 78,378 Million Notes: NT$ 59,837 Million NT$ 52,457 Million Pan Asia Pacific Pan America 1. Pan Asia Pacific includes Asia Pacific, Japan, Taiwan, Hong Kong, and Mainland China. 2. EMEA includes Europe, Middle East and Africa EMEA 6#8Revenue Breakdown by Application Q1 2022 Q4 2022 18.4% 10.3% 10.3% Q1 2023 26.3% 29.6% 61.0% 51.0% 49.9% 11.3% 9.9% 11.4% 10.6% NT$ 78,378 Million Note: Others NT$ 59,837 Million Display Desktop PC Notes: 1. Desktop PC excludes displays. 2. Display includes desktop monitor and projector. Others include 9 public subsidiaries and businesses under incubation. 3. acer NT$ 52,457 Million Notebook 7#9acer http://www.acer-group.com [email protected]