AU Optronics Corp. Reports 3Q2012 Financial Results

             AU Optronics Corp. Reports 3Q2012 Financial Results

PR Newswire

HSINCHU, Taiwan, Oct. 25, 2012

HSINCHU, Taiwan, Oct. 25, 2012 /PRNewswire-FirstCall/ --AU Optronics Corp.
("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investors
conference and announced its unaudited earnings results for the third quarter
of 2012^(1).

Consolidated revenue in the third quarter of 2012 was NT$102,781 million
(US$3,509 million) ^ ^(2), up 8% from the previous quarter. Gross profit was
-NT$1,862 million (-US$64 million), with the gross margin of -1.8%. Operating
loss was NT$9,147 million (US$312 million), with the operating margin of
-8.9%. AUO's net loss for the third quarter of 2012 was NT$16,479 million
(US$563 million). Net loss attributable to equity holders of the parent
company was NT$16,275 million (US$556 million), or a basic EPS of -NT$1.84
(-US$0.63 per ADR).

3Q2012 Result Highlights

AUO's unaudited consolidated results for the third quarter of 2012 were
highlighted as below:

  oRevenue was NT$102,781 million, up 8% quarter-over-quarter
  oNet loss was NT$16,479 million
  oBasic EPS was -NT$1.84
  oGross margin was -1.8%
  oOperating margin was -8.9%
  oEBITDA ^(3) margin was 9.3%

In the third quarter of 2012, shipments for AUO's large-sized panel shipments
reached around 33.2 million units, up by 4.6% quarter-over-quarter. Shipments
for small and medium-sized panels were around 42.2 million units, up 11.1%
quarter-over-quarter.

Looking back to the third quarter, thanks to a gradual improvement in panel
supply and demand, the average selling price of TV panels sequentially
recovered. The Company's capacity utilization rates also steadily increased,
while its days of inventory decreased substantially. Nevertheless, the
improvement of the Company's profitability was slower than expected due to a
couple of reasons:

  oWith an eye on the long-term competitiveness, the Company continues to
    cultivate new technologies and currently has achieved initial success in
    development cooperation with its customers on a couple of new products.
    However, in the third quarter, the Company's new technology platforms and
    new products, especially for small and medium-sized products, were still
    in production ramp up period. Therefore, the contribution from these new
    products to the Company's profitability was softer than expectation.
  oOur solar business is still facing an industry downturn. Going forward,
    the Company will proactively adjust its operation scale and cut operating
    costs as well as expenses, aiming to effectively reduce the operating
    losses in the solar business.

Looking forward, as the TV panel market is expected to recover gradually, the
Company will continue to focus on technology upgrading and manufacturing
process enhancement. It will also continue to strengthen the customer and
product portfolios of small and medium-sized panels, hoping to promptly
improve its production efficiency and operational performance.

(1) All financial information was unaudited and was prepared by the Company in
accordance with generally accepted accounting principles in Taiwan ("ROC
GAAP").

(2) Amounts converted by an exchange rate of NTD29.29:USD1 based on Federal
Reserve Bank of New York, USA as of September 30, 2012.

(3) EBITDA=Operating Income +D&A, that is, operating income before
depreciation and amortization.

ABOUT AU OPTRONICS

AU Optronics Corp. (AUO) is one of the world's leading providers of display
and solar total solutions. AUO offers a full range of panel sizes and
comprehensive applications ranging from 1.2 inches to 71 inches. Based on its
profound R&D and manufacturing experience, AUO continues to develop advanced
display technologies of the next generation. AUO extended its market to the
green energy industry in 2008. By building a vertically integrated
high-efficiency solar value chain, AUO provides its customers with
high-efficiency solar solutions. AUO currently has global operations in
Taiwan, Mainland China, the U.S., Japan, South Korea, Singapore, the
Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD
manufacturer to be successfully listed at the New York Stock Exchange (NYSE).
AUO has also been named to Dow Jones Sustainability World Index for three
consecutive years from 2010 to 2012. AUO generated NT$379.7 billion (US$ 12.54
billion) in sales revenue in 2011. For more information, please visit AUO.com.

* 2011 year end revenue converted at an exchange rate of NTD30.27:USD1.

Safe Harbour Notice

AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a global
leader of TFT-LCD panels, today announced the above news. Except for
statements in respect of historical matters, the statements contained in this
Release are "forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. These forward-looking statements were based on our
management's expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business
strategy. Such forward looking statements are subject to a number of known and
unknown risks and uncertainties that can cause actual results to differ
materially from those expressed or implied by such statements, including risks
related to the flat panel display industry, the TFT-LCD market, acceptance of
and demand for our products, technological and development risks, competitive
factors, and other risksdescribed in the section entitled "Risk Factors" in
our Form 20-F filed with the United States Securities and Exchange Commission
on April 27th, 2012.

SOURCE AU Optronics Corporation

Website: http://www.auo.com
Contact: Freda Lee, Corporate Communications Division, AU Optronics Corp.,
Tel: +886-3-5008800 ext 3206, Fax: +886-3-5772730, Email: freda.lee@auo.com;
Yawen Hsiao, Corporate Communications Division, AU Optronics Corp., Tel:
+886-3-5008800 ext 3211, Fax: +886-3-5772730, Email: yawen.hsiao@auo.com