104 — Investor Presentation 2021

Dec 21, 2021

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104 Corporation (TSE:3130)

A Total Solution Provider in the Chinese HR Services Market

December 2021

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Safe Harbor Statement

This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate," “believe,” “could,” “estimate,” “expect,” “intend,” “plan,” ‘’forecast,” “project,” “predict,” “potential,” “continue,” “may,” “should,” “will” and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events; and actual results may differ materially from those expressed or implied by such statements.

You should be cautioned that the forward-looking statements are not the guarantees of our future performance. The forward-looking statements contained in this presentation are made only as of the date of this presentation and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.

This presentation and the information contained herein is the property of 104 Corporation.

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Agenda

• Company Profile

• Services and Products

• Financial Review and Dividend Policy

• 104’s Mission and Value Map

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Since its establishment in 1996

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“For job seekers, we don’t just help find jobs—we forge careers; and for employers, we don’t just help find workers—we manage talent.” by Rocky Yang, founder and chairman of 104

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Company Profile

Market Position Core Competence Financial Strengths

• 104 Job Bank was  Strong database:  Zero debt. established: 1996. 9.3 million resumes, 75% college  Solid NT2,269million graduated/ above,

• First job bank to IPO in cash position. Taiwan: 2006. 390K corp. customers. (Sep. 2021) (Sep. 2021)

• First job bank in Taiwan to  Proven capability to  Comprehensive range of generate cash even in

• get ISO 27001, BS 10012 HR related services. difficult economic

• and ISO 29100 accreditation. periods.  Competitive candidate matching and job  High satisfaction &

• recommendation recognition of 104 brand

• ISO/IEC 27001 system. & services.

• (Information Security Management System) BS 10012

(Personal Information Management System) ISO/IEC 29100 (Privacy Framework)

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Source: Company data

Core Services and Products

Business Segments

Mobile Apps

For Job Seekers

• Vast, easy, & accessible platform

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•
Career map & value-added services
Integrated Recruit
HR AD & Recruit
Senior Services
Employer Brand
Sharing of Wisdom
Talent Market
Insight
Job Bank
HR Academy
Job Posting
HR Mgmt. Solutions
& Consultancy
Retail jobs
104 Hunter
training program
Executive Search
HR Portal
For Corporate Users
Cloud-Based
•
Large and diversified resume pool
HRM for SME
•
Variety of integrated HR services
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Job-Search App
7,700,000
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Talent-Search App
560,000
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Source: Company data 6

Q1-Q3 2021 Income Statement

(Unit: NT$’000, except for EPS)

	Q1-Q3 2021	%	Q1-Q3 2020	%	YoY	YoY%
Operating Revenue	1,354,262	100%	1,220,834	100%	133,428	11%
OperatingCosts	131,722	10%	137,435	11%	- 5,713	-4%
Gross Profit	1,222,540	90%	1,083,399	89%	139,141	13%
Operating Expenses	909,929	67%	863,465	71%	46,464	5%
SellingExpenses	511,785	38%	490,463	40%	21,322	4%
Administrative Expenses	116,122	9%	116,977	10%	- 855	-1%
Research&DevelopmentExpenses	282,022	21%	256,025	21%	25,997	10%
Operating Income	312,611	23%	219,934	18%	92,677	42%
Non-OperatingIncome and Expenses	7,837	1%	12,805	1%	- 4,968	-39%
Income Before Income Tax	320,448	24%	232,739	19%	87,709	38%
Income Tax Expenses	44,284	3%	44,566	4%	- 282	-1%
Net Income	276,164	20%	188,173	15%	87,991	47%
Basic EPS	8.37		5.73

Source: Company data

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Q3 2021 Balance Sheets

(Unit: NT$’000)

	30 September 2021	30 September 2021	30 September 2020	30 September 2020
Cash and Cash Equivalents	2,269,543	84%	2,057,701	83%
Notes Receivable and Accounts Receivable, Net	85,297	4%	72,194	3%
Total Current Assets	2,395,950	89%	2,169,126	87%
Property, Plant and Equipment	210,688	8%	218,000	9%
Right-of-Use Assets	58,836	3%	62,170	3%
Total Assets	2,701,454	100%	2,484,706	100%
Current Contract Liabilities	669,050	25%	585,840	24%
Notes Payable, Accounts Payable, and Other Payables	366,674	14%	325,045	13%
Current Lease Liabilities	30,204	1%	27,264	1%
Total Current Liabilities	1,178,473	44%	1,040,652	42%
Non-Current Lease Liabilities	29,443	1%	35,690	2%
Total Liabilities	1,219,323	45%	1,084,341	44%
Total Equity	1,482,131	55%	1,400,365	56%

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Source: Company data

Q1-Q3 2021 Cash Flow Statements

		(Unit: NT$’000)
	Q1-Q3 2021	Q1-Q3 2020
Net Cash Flows from Operating Activities	333,112	215,099
Income Before Tax	320,448	232,739
Depreciation and Amortization Expenses	50,683	56,000
Cash Flow Used in Other Operating Activities	-38,019	-73,640
Net Cash Flows Used in Investing Activities	-15,500	-14,471
Acquisition/Disposal of Property, Plant and Equipment	-16,397	-14,327
Cash Flow from (Used in) Other Investing Activities	897	-144
Net Cash Flows Used in Financing Activities	-283,697	-311,040
Payments of Lease Liabilities	-24,810	-24,936
Cash Dividends Paid	-258,887	-286,104
Cash and Cash Equivalents at End of Period	2,269,543	9 2,057,701

Dividend Policy

(Unit: NT$)

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14 120%
12.04
12
10.80 100% 100% 100% 100%100%
9.99
10 90% 89% 86% 9.41 90% 9.6 9.60
78% 78% 82% 80% 8.518.51 8.628.62 80%
7.72 75% 8.00 7.8 7.8
8 7.27 7.06 7.46 7.00
6.71
60% 6.00 6.00 6.00 60%
5.67 5.67
6 5.08
4.57 4.55
4.23
40%
4
20%
2
0 0%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
EPS (LHS) Cash Divend (LHS) Payout ratio (RHS)
Fiscal Year 2016 2017 2018 2019 2020
Net Income 398,368 318,123 282,207 286,001 258,736
Cash Dividend 358,837 318,650 282,461 286,104 258,887
Dividend Payout Ratio 90% 100% 100% 100% 100%
Average Stock Price 139.15 151.47 169.2 166.6 151.27
Yield Rate (%) 7.76% 6.34% 5.03% 5.17% 5.16%
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Source: TWSE & Company data

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104’s Value Proposition

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50 years old

18 years old

Active adult social community, Sharing of Wisdom

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Career coaching, skill & knowledge enhancement

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Discover the profession in harmony with their talents

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C M
Cloud Mobile
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O S
Open Social
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Value Map for HR Services

Career & Learning Products

Learning navigation Career Q & A

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Career blog Resume consulting

A starter of total solutions

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Employer brand & talent market Insight

HR solution marketplace

Key Talent reservation service

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Sub ~~-b~~ randing of Job Bank for small business and part ~~-t~~ imers, especially blue & grey collar jobseekers

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打工探吉

Senior Services

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Sharing of Wisdom

• Part-time & full-time jobs for retirees & seniors to open their new chapters.

• To share and pass down their valuable experience & knowledge to next generation.

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Thank you For more information, please contact: Brenda Shih VP & CIO, 104 Corporation Brenda.shih@104.com.tw 886-2-2912-6104 ext. 9688

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