COMPEQ — Investor Presentation 2020

Mar 25, 2020

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Copyright © 2020 Compeq Co., Ltd. All Right Reserved

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Disclaimer

• Except for statements in respect of historical matters , the statements in this release are forward‐looking statements. Such forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of Compeq to be materially different from what may be implied by such forward‐looking statements.

• � The financial forecasts and forward looking statements in this release reflect the current belief of Compeq as of the date of this release and Compeq undertakes no obligation to update these forecasts and forward‐looking statements for events or .

• circumstances that occur subsequent to such date

• The statements in respect of historical matters may contain unaudited information, which may have certain deficiency or weakness so as not to fairly present financial condition or the result of operations of Compeq.

Copyright © 2019 Compeq Co., Ltd. All Right Reserved

Speaker

COMPEQ Manufacturing Co., Ltd.

陳嘉懃 Andrew Chen Executive Vice President

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Copyright © 2020 Compeq Co., Ltd. All Right Reserved

COMPEQ continues to provide “One-Stop Service”

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HDI PCB

Smart Phone Tablet Ultrabook Wearable Consumer

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COMPEQ One-Stop PCB Service Provider

Flexible PCB

Battery module LCD module Camera module Wearable Accessory

Multilayer PCB Satellite Communication 4/5G Base Station Cloud Data computing High Performance Networking

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SMT Assembly

Rigid-Flex PCB

Battery module Automotive Medical Accessory

Battery module LCD module Camera module Wearable

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COMPEQ - Worldwide Leading High-tech PCB Vendor

NT$56,175 million revenue in 2019 #6 PCB manufacturer Worldwide #1 In HDI, Worldwide

7 Cost-competitive & high-tech facilities in Taiwan & China

20,200 Employees

6% in 2015 – 2019 CAAGR

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Global Operations

Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2	Chongqing New Factory Y2021 80K M2
Chongqing	Suzhou	Huizhou SMT	Huizhou FPC	Huizhou	Dayuan	Luzhu
Y2014	Y2004	Y2012	Y2004	Y1996	Y1998	Y1973
2,200 employees	1,000 employees	1,700 employees	5,400 employees	5,200 employees	1,200 employees	3,500 employees
80K M2	33K M2	19K M2	190K M2	190K M2	19K M2	60K M2

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COMPEQ Competitive Advantages

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Quality
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Compliant worldwide recognized quality standard and certifications. Quality management system prioritized to fulfill customer specifications.

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Technology
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Leading 25/25µm line and spacing substrate-like Anylayer with mSAP, Wide range high end hybrid multilayers, unique flex and rigid flex boards.

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CSR
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y Long term commitment to community, employee, suppliers, customers and investors. Focus on labor rights, business ethic, energy saving, and environment protection.

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Service
Long term
Partnership
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One-Stop Service, from design-for-manufacturing solution to field application support, worldwide service network to full product line include HDI, RPCB, RFPC, FPC to SMT.

Steady growth under the sustainable business philosophy.

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Operation Revenue – By Application

38% 27% 4% 10% 20% Units in MUSD 1,396 YOY +1.4%	38% 26% 3% 9% 24% 1,415 YOY	39% 27% 5% 5% 24% 1,772 +25.2%	YOY -4.9%	YOY -4.9%	42% 25% 8% 3% 22% 1,686	YOY +8.1%	37% 24% 12% 6% 22% 1,822
Y2015	Y2016	Y2017			Y2018		Y2019
Mobile Phone	PC related	Consumer	Networking		& Telecom System		SMT

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PCB Market Player/Position

		Rank	Country	Supplier	2019 Revenue(MUSD)
		1	TWN	Zhen Ding	3,889
		2	TWN	Unimicron	2,781
		3	USA	TTM	2,689
		4	JPN	Nippon Mektron	2,555
		5	CHN	Dongshan Precision	2,140
		6	TWN	Compeq	1,820
		7	TWN	Tripod	1,763
		8	CHN	Shennan	1,517
		9	TWN	PSA	1,396
		10	KOR	SEMCO	1,336
		11	KOR	Young Poong	1,302
		12	CHN	Kingboard	1,235
		13	TWN	WUS	1,158
		14	JPN	Ibiden	1,156
		15	AUT	AT&S	1,110

Source: Prismark, 2020

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PCB Market Player/Position - HDI Technology

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Rank Country Supplier 2019 Revenue(MUSD)
1 TWN Compeq 776
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	2	AUT	AT&S	736 716 706 508 461 428 226 222 220
	3	USA	TTM
	4	TWN	Unimicron
	5	TWN	Tripod
	6	JPN	Meiko
	7	TWN	Zhen Ding
	8	KOR	Young Poong
	9	CHN	Founder
	10	JPN	CMK

Source: Prismark, 2020

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PCB Market Trend

Due to trade war and local protectionism, the annual PCB industry growth for 2019 reduced 1.7% compare to 2018, and Prismark forecast 4.3% growth (CAAGR 2019-2024) in the near future. Over the next five years, the 5G, Wearable, Automotive segment will continue to outpace the overall market

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Units: $Bn 75.8
3.2
4.9
62.4 61.3
10.1
2.6
2.6
4.1
4.1
7.6 7.5 11.8
9.6 9.4
24.2
20.2 19.9
21.5
18.2 17.9
2018 2019(e) 2024(f)
Computing Communication Consumer
Automotive Industrial/Medical Military/Aerospace
Source: Prismark, 2020
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。
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Thank You For Your Attention

Copyright © 2020 Compeq Co., Ltd. All Right Reserved