104 — Investor Presentation 2021

Jun 2, 2021

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104 Corporation (TSE:3130)

A Total Solution Provider in the Chinese HR Services Market

June 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 million resumes, 75% college  Solid NT2,261 million graduated/ above,

• First job bank to IPO in cash position. Taiwan: 2006. 38.4 corp. customers. (March 2021) (March 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 Service
Employer Brand
Temp Staffing &
Talent Market
Career Consulting
Insight
Job Bank
HR Academy
Job Posting
HR Mgmt. Solutions
& Consultancy
Top Freelancers 104 Hunter
Tutor and
Executive Search
Outsourcing
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 million
Talent-Search App
> 500K
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Source: Company data 6

Q1 2021 Income Statement

(Unit: NT$’000, except for EPS)

	Q1 2021	%	Q1 2020	%	YoY
Operating Revenue	437,900	100	396,918	100	10%
Operating Costs	44,667	10	44,408	10	1%
Gross Profit	393,233	90	352,510	90	12%
Operating Expenses	291,489	67	280,922	73	4%
Selling Expenses	163,060	37	161,953	41	1%
Administrative Expenses	38,996	9	36,579	10	7%
Research & Development Expenses	89,433	21	82,390	22	9%
Operating Income	101,744	23	71,588	17	42%
Non-Operating Income and Expenses	4,127	1	5,208	-	(21%)
Income Before Income Tax	105,871	24	76,796	17	38%
Income Tax Expenses	2,360	-	15,214	2	(84%)
Net Income	103,511	24	61,582		68%
Basic EPS	3.13		1.86		68%

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Source: Company data

Q1 2021 Balance Sheets

(Unit: NT$’000)

	31 March 2021	31 March 2021	31 March 2020	31 March 2020
Cash and Cash Equivalents	2,261,095	84%	2,171,266	84%
Notes Receivable and Accounts Receivable, Net	79,691	3%	59,385	2%
Total Current Assets	2,375,525	88%	2,256,717	88%
Property, Plant and Equipment	203,337	8%	224,790	9%
Right-of-Use Assets	69,245	3%	70,633	3%
Total Assets	2,686,804	100%	2,587,857	100%
Current Contract Liabilities	632,992	24%	558,600	22%
Notes Payable, Accounts Payable, and Other Payables	291,730	11%	274,893	11%
Current Lease Liabilities	33,052	1%	28,280	1%
Total Current Liabilities	1,068,691	40%	976,258	38%
Non-Current Lease Liabilities	37,030	1%	43,046	2%
Total Liabilities	1,117,961	42%	1,028,148	40%
Total Equity	1,568,843	58%	1,559,709	8 60%

Source: Company data

Q1 2021 Cash Flow Statements

(Unit: NT$’000)

	Q1 2021	Q1 2020
Net Cash Flows from Operating Activities	35,146	21,647
Income Before Tax	105,871	76,796
Depreciation and Amortization Expenses	17,539	19,971
Cash Flow Used in Other Operating Activities	-88,264	-75,120
Net Cash Flows Used in Investing Activities	-1,798	-9,633
Acquisition/Disposal of Property, Plant and Equipment	-709	-10,282
Cash Flow from (Used in) Other Investing Activities	-1,089	649
Net Cash Flows Used in Financing Activities	-8,359	-8,692
Payments of Lease Liabilities	-8,359	-8,692
Cash and Cash Equivalents at End of Period	2,261,095	2,171,266

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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

50 years old

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Active retirees’ sharing of wisdom and the elderly’s self-supporting health care

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Career coaching, skill & knowledge enhancement

18 years old

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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

Job & Talent reservation service

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Employer brand & talent market Insight

HR solution marketplace

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

Value Map for Senior Services

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Sharing of Wisdom

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Dignity and Autonomy

• 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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• Comprehensive supply and demand platform for long-term care employment, training and value-added services.

• Customized self-supporting care plan supported by caregiver coach.

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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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