MAGNACHIP SEMICONDUCTOR CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands of US dollars, except share data)

(Unaudited)

March 31,
2018

December 31,
2017

(In thousands of US dollars,
except share data)

Assets

Current assets

Cash and cash equivalents

$  123,136

$  128,575

Accounts receivable, net

88,854

92,026

Unbilled accounts receivable

39,161

—

Inventories, net

56,658

73,073

Other receivables

7,885

4,292

Prepaid expenses

13,807

9,250

Hedge collateral

2,700

7,600

Other current assets

11,972

15,444

Total current assets

344,173

330,260

Property, plant and equipment, net

205,076

205,903

Intangible assets, net

4,290

4,061

Long-term prepaid expenses

14,306

12,791

Deferred income tax assets

312

264

Other non-current assets

6,511

5,510

Total assets

$  574,668

$  558,789

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable

$    69,540

$    65,940

Other accounts payable

10,023

10,261

Accrued expenses

44,908

51,746

Deferred revenue

13,202

8,335

Other current liabilities

1,296

1,860

Total current liabilities

138,969

138,142

Long-term borrowings, net

303,948

303,416

Accrued severance benefits, net

151,889

148,905

Other non-current liabilities

9,796

7,963

Total liabilities

604,602

598,426

Stockholders' equity

Common stock, $0.01 par value, 150,000,000 shares authorized, 42,749,168 shares issued and
   34,374,959 outstanding at March 31, 2018 and 42,563,808 shares issued and 34,189,599 outstanding
   at December 31, 2017

428

426

Additional paid-in capital

137,869

136,259

Accumulated deficit

(29,642 )

(40,889 )

Treasury stock, 8,374,209 shares at March 31, 2018 and December 31, 2017, respectively

(102,319 )

(102,319 )

Accumulated other comprehensive loss

(36,270 )

(33,114 )

Total stockholders' deficit

(29,934 )

(39,637 )

Total liabilities and stockholders' equity

$  574,668

$  558,789