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                               AU Optronics Corp.
                 First Quarter 2014 Results Investor Conference

                                      2014

                                 Apr. 30, 2014

Safe Harbor Notice

o    The statements included in this presentation that are not historical in
     nature are "forward-looking statements" within the meaning of Section 27A
     of the United States Securities Act of 1933 and Section 21E of the United
     States Securities Exchange Act of 1934. These forward-looking statements,
     which may include statements regarding AU Optronics' future results of
     operations, financial condition or business prospects, are subject to
     significant risks and uncertainties and are based on AU Optronics' current
     expectations.

o    Actual results may differ materially from those expressed or implied in
     these forward-looking statements for a variety of reasons, including, among
     other things: the cyclical nature of our industry; our dependence on
     introducing new products on a timely basis; our dependence on growth in the
     demand for our products; our ability to compete effectively; our ability to
     successfully expand our capacity; our dependence on key personnel; general
     economic and political conditions, including those related to the TFT-LCD
     industry; possible disruptions in commercial activities caused by natural
     and human-induced disasters, including terrorist activity and armed
     conflict; and fluctuations in foreign currency exchange rates.

o    Beginning on January 1, 2013, we have adopted the International Financial
     Reporting Standards as issued by the International Accounting Standards
     Board ("IFRS") to the extent endorsed by the ROC Financial Supervisory
     Commission ("FSC") ("Taiwan IFRS") for reporting our annual and interim
     consolidated financial statements in the ROC in accordance with the
     requirements of the FSC. All financial information contained herewithin is
     presented in conformity with Taiwan IFRS. Readers should be cautioned that
     Taiwan IFRS differs in many material respects from accounting principles
     generally accepted in the Republic of China ("ROC GAAP"), the United States
     of America ("US GAAP"), and IFRS including to the extent that any new or
     amended standards or interpretations applicable under IFRS may not be
     timely endorsed by the FSC. We have historically presented our consolidated
     financial statements in accordance with ROC GAAP, including our
     consolidated financial statements for the year ended December 31, 2012.
     Consequently, the selected comparison financial information to be included
     in our quarterly earning releases in 2013 may differ materially from those
     released historically.

o    Our release of financial forecasts and forward-looking statements at any
     particular time does not create any duty of disclosure beyond that which is
     imposed by law, and we expressly disclaim any obligation to publicly update
     or revise any forecasts or forward-looking statements, whether as a result
     of new information, future events or otherwise.

o    Additional information as to these and other factors that may cause actual
     results to differ materially from AU Optronics' forward-looking statements
     or some of the major differences between ROC GAAP and US GAAP, IFRS or
     Taiwan IFRS can be found in AU Optronics' Annual Report on Form 20-F with
     respect to the year ended December, 2012 filed with the United States
     Securities and Exchange Commission.


[C] 2014 AU Optronics Corporation -- Proprietary and Confidential

Statement of Comprehensive Income
Selected Items form Statement of Comprehensive Income
Amount : NT$ Million
                                    --------- ------- ----------
                                        1Q'14              4Q'13
                                    --------- ------- ----------
Net Sales                           93,802    100.0%  102,703
Cost of Goods Sold                  (86,907)  (92.7%)  (95,048)
                                    ========= ======= ==========
Gross Profit                        6,894      7.3%    7,656
Operating Expenses                   (6,236)  (6.6%)    (6,581)
                                    ========= ======= ==========
Operating Profit (Loss)               658      0.7%    1,075
Net Non-operating Income (Expenses)   (359)   (0.4%)      471
                                    ========= ======= ==========
Profit (Loss) before Tax              299      0.3%    1,546
                                    ========= ======= ==========
Net Profit (Loss)                     166      0.2%    1,081
                                    ========= ======= ==========
Attributable to:
  Owners of Company                    259     0.3%       940
  Non-controlling Interests            (93)   (0.1%)      141
                                    ========= ======= ==========
Net Profit (Loss)                     166      0.2%    1,081
                                    ========= ======= ==========
Basic EPS (NT$)(a)                 0.03               0.10
Operating Income + DandA              15,723    16.8%   16,383
Display Segment Information:
 Net Sales                           87,530   100.0%    97,162
 Operating Income                     1,437    1.6%      1,878
 Operating Income + DandA              15,550    17.8%    16,175
Unit Shipments (mn)(b))
  Large Size Panels                   29.2               30.2
  Small and Medium Size Panels          33.5               41.2
------- -------- --------- -------
        QoQ %        1Q'13
------- -------- --------- -------
100.0%    (8.7%) 94,244    100.0%
(92.5%)   (8.6%) (89,696)  (95.2%)
======= ======== ========= =======
 7.5%    (9.9%)  4,548      4.8%
(6.4%)    (5.2%)  (5,910)  (6.3%)
======= ======== ========= =======
 1.0%   (38.8%)  (1,361)   (1.4%)
 0.5%        []   (1,844)  (2.0%)
======= ======== ========= =======
 1.5%   (80.6%)  (3,205)   (3.4%)
======= ======== ========= =======
 1.1%   (84.7%)  (3,320)   (3.5%)
======= ======== ========= =======

 0.9%    (72.4%)  (3,173)  (3.4%)
 0.1%        []    (146)   (0.2%)
======= ======== ========= =======
 1.1%   (84.7%)  (3,320)   (3.5%)
======= ======== ========= =======
      (73.2%)   (0.34)
16.0%    (4.0%)  15,358    16.3%

100.0%    (9.9%)  90,872   100.0%
 1.9%    (23.5%)    185     0.2%
 16.6%    (3.9%)  15,928    17.5%

         (3.3%)    27.0
        (18.7%)    30.7

-- Unaudited, prepared by AUO based on Taiwan IFRS

(a) AUO issued new ADSs in May 2013. Basic EPS in 1Q'14 was calculated based on
the weighted average outstanding shares of the reporting quarter (9,624 m
shares); Basic EPS in both 4Q'13 and 1Q'13 were calculated based on the weighted
average outstanding shares of 2013 (9,349m shares).

(b) Large size refers to panels that are 10 inches and above

[C] 2014 AU Optronics Corporation -- Proprietary and Confidential

Consolidated Balance Sheet Highlights

Amount : NT$ Million
                                        1Q'14   4Q'13
                                        ------- -------
Ca s h and S T In v es tmen t(a)         73,077  76,312 (
In v en tory                             37,422  37,598
S h ort Term Deb t(b))                  51,040  66,220
L on g Term Deb t                       126,170 118,488
E q u ity                               179,013 178,346
Tota l As s ets                         474,525 492,243
In v en tory Tu rn ov er (Da y s )(c)      39      38
Net Deb t to E q u ity (d))              58.2%   60.8%

 QoQ %    1Q'13
 -------- --------
  4.2% )   64,976
 (0.5% )   47,099
 (22.9% )  54,603
  6.5%    161,865
  0.4%    159,981
 (3.6% )  524,198
              46
           94.7%

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-- Unaudited, prepared by AUO based on Taiwan IFRS

(a) Excluding time deposit with maturity longer than 3 months (NT$ 891m in
1Q'14 ,NT$2,121m in 4Q'13, and NT$2,184m in 1Q'13)
(b) Short term debt refers to all interest bearing debt maturing within one
year
(c) Calculated by dividing the average inventory into the annualized cost of
goods sold during such period, then multiplying by 365 days
(d) Calculated by adding S-T debt and L-T debt, subtracting cash and S-T
investment, then dividing total equity

[C] 2014 AU Optronics Corporation -- Proprietary and Confidential

Consolidated Cash Flow Highlights

Amount : NT$ Million
                                1Q'14     4Q'13
                                --------- ---------
From Operating Activities         10,449    19,364
  Gain before Tax                     299     1,546
  Depreciation and Amortization      15,065    15,308
  Net Change in Working Capital   (5,884)     2,997
=============================== ========= =========
From Investing Activities        (5,008)   (4,265)
 Capital Expenditure              (5,594)   (5,352)
=============================== ========= =========
From Financing Activities        (8,387)   (8,885)
  Net Change in Debt              (8,567)   (9,005)
=============================== ========= =========
Net Change in Cash()a)          (3,235)     6,338

QoQ
---------
 (8,915)
  (1,246)
    (244)
  (8,882)
=========
   (743)
    (242)
=========
     498
     438
=========
(9,573)

[GRAPHIC OMITTED]

-- Unaudited, prepared by AUO based on Taiwan IFRS

(a) In addition to cash generated from operating, investing and financing
activities, net change in cash also included effect on currency exchange of
foreign subsidiaries

[C] 2014 AU Optronics Corporation -- Proprietary and Confidential

Consolidated Revenues by Application
Unaudited, prepared by AUO based on Taiwan IFRS
CP: Consumer products
Mobile PC : Include Notebook/Tablet
6% 7% 6% 8% 8%
13% 14% 18% 17%
20% 18%
17% 17% 18%
14% 13%
15% 15% 15%
47% 48% 44% 44% 42%
16%
0%
20%
40%
60%
80%
100%
1Q13 2Q13 3Q13 4Q13 1Q14
TV
Monitor
Mobile P C
CP
Others

Sales Breakdown by Size
Unaudited, prepared by AUO based on Taiwan IFRS
15% 14% 17% 17% 17%
25% 26%
27% 28% 29%
23% 19%
17% 16% 17%
24%
24% 20% 20% 17%
13% 17% 19% 19% 20%
0%
20%
40%
60%
80%
100%
1Q13 2Q13 3Q13 4Q13 1Q14
>=50"
39"<=size<50"
20"<=size<39"
10"<=size<20"
size<10

Consolidated Shipments and ASP by Area
� Unaudited, prepared by AUO based on Taiwan IFRS
� ASP per square meter in US$ was translated from
NT$ based on average exchange rates announced by
Directorate General ofCustoms, ROC Ministry of Finance
of each respective quarter
Shipments in square meter ASP per square meter
4 ,9 8 9
5 ,6 8 8 5 ,5 8 5
5 ,8 8 5
5 ,4 3 1
0
1,000
2,000
3,000
4,000
5,000
1Q13 2Q13 3Q13 4Q13 1Q14
(K m2)
$6 0 9 $6 2 5 $6 0 6
$5 5 1 $5 2 7
0

Consolidated Small and Medium Panel
Shipments by Area and Revenues
Shipments in square meter Revenues
209.9
226.8
270.2 265.7
235.2
0
40
80
120
160
200
240
1Q13 2Q13 3Q13 4Q13 1Q14
(K m2)
13,151
15,206
17,321
16,143
14,263
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
1Q13 2Q13 3Q13 4Q13 1Q14

Quarterly Capacity by Area
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14(F)
K m2
G8.5
G7.5
G6
G5
G4 and G4.5
G3.5

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