CUB — Investor Presentation 2021

Nov 25, 2021

CUB ELECPART INC.(2231) 2021 Investor Conference

2021/11/26

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PART 01 CUB Introduction

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CUB Profile

Year of Establishment: 1979 Year of IPO: 2010 Capital: 43 M U.S.D.

Name of Representative : Arbula Yu, Chairman Number of Employees: 900+ Quality Management System： IATF 16949 ISO 14001

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Global Sites
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ITM (CA)

3S System Harbinger (New Taipei City) (New Taipei City) CUBTEK (Hsinchu) CUB HQ(Changhua) SH Vei Sheng(Shanghai)

Company Profile ◼ Cub Group

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HQ
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Transportation system、Automotive parts、Radar R&D, manufacturing and sales (Taiwan) 420+employees

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SH Vei Sheng
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Government project contract Automotive engine in the domain of defense, replacement parts transportation, communication business and system integration (North America) (Taiwan) 15+employees 100+employees 44.61% 76.72% 70%

TPMS mmWave Radar ADAS mmWave Radar system R&D and sales manufacture and sales (Taiwan/Shanghai/Beijing) (Shanghai) 265+employees 200+employees Share 100% 44.61% ratio

Development manufacture and sales of AI image and thermal image (Taiwan) 90+employees

59.63%

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Product Line
Intelligent Fleet Safety Multi-Intelligence
V2X
Transportation Management System Safety Monitoring System
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The largest AM auto parts The best Universal TPMS Solution Global top3 mmWave Radar Cross-strait leader maker to USA of the world supplier 1979 2007 2016 2021 Multi-intelligence sensor 6 integration

PART 02 Financial Information

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Financial Report(2015~2021 Q3)

單位：新台幣仟元 NTD Thousand		2015		2016		2017		2018		2019		2020			2021 Q3
		Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%		Amount	%
Net sales 銷貨收入		2,822,080	100	3,416,549	100	3,520,466	100	4,023,647	100	4,094,666	100	3,340,199	100		3,043,473	100
COGS 營業成本		1,259,917	45	1,561,638	46	1,645,848	47	2,076,464	51	2,022,724	49	2,067,788	62		1,799,595	59
Gross Profit 營業毛利		1,562,163	55	1,854,911	54	1,874,618	53	1,947,183	49	2,071,942	51	1,272,411	38		1,243,878	41
OP Expense 營業費用		313,049	11	499,848	15	572,666	16	705,516	18	894,253	22	886,043	26		747,217	24
OP Profit 營業利益		1,249,114	44	1,355,063	39	1,301,952	37	1,241,667	31	1,177,689	29	386,368	12		496,661	17
Profit before tax 稅前盈餘		1,303,897	46	1,341,336	39	1,153,171	33	1,281,383	32	1,128,848	28	292,503	9		500,436	17
Consolidated income 本期淨利-業主		1,120,274	39	1,115,580	32	1,011,821	29	1,087,876	27	977,780	24	244,534	8		428,180	15
EPS（元） 基本每股盈餘		13.45	-	12.14	-	10.00	-	9.48	-	8.00	-	2.03	-		3.51	-
Capital資本額		833(M)		919(M)		1,012(M)		1,149(M)		1,228(M)		1,219(M)			1,219(M)

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PART 03 CUB Group Growing Factors

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CUB Growing Factors

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-
Multi Sensor
Integration
Intelligent Safety Business
Applications
Growing AM Market
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4 1
Key
Factors
3 2
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Competitive

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In-house Development Ability
Variant Product Offering
Lean Manufacturing
Regulation
Built-in Radar
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PART 04 Competitive Edge Independent Technical Solutions Product diversity Lean Manufacturing

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ADAS Advantages

ADAS Core Technology

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77GHz / 79GHz Product Line

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77GHz
MRR
79GHz Imaging 77GHz
Radar SRR
(2022 Phase in) High precision 79GHz
Vital Sign
Turn Assist
Detection
Radar
79GHz Radar 77GHz
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ADAS Applications

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AEB
Corner
FCW
Radar
RCW
Fusion
Turn
FCW
Assist
LDW
Radar
Modules
BSD
LCA Innovative
RCTA R&D
DOW
In-vehicle
Parking
Detection Biological Imaging Radar…etc.
Detection
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ADAS Application of Commercial Vehicle ◼ Commercial Vehicles Driving Assistance

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BSD
BSD
LCA
LCA
Turn Assist
RCTA
DOW
FCW
LCA
Rear Collision
Warning System
BSD
BSD LCA
LCA Turn Assist
RCTA
DOW
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Cart turn assist warning system

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The 1st turn assist radar system of the world!

• ✓ 180 view angle of radar, detecting wide and far.

✓ Actively warning before accident.

• ✓ Auto detect the angle of turning vehicle and find its blind spot.

• ✓ Dangerous predictable of approaching cars either from rear side or the 3[rd] lane.

✓ Cars in front were also detectable.

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2022 Taiwan Excellence Gold Award

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• 【CUB turn assist warning system】 Alarm and blind sport detection

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– AM Applications Turn Assist for Commercial Vehicle

High potential technique, the 1[st] radar turn assist system of the world

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China Market
6
5
1
4
Taiwan Market
2
EU Market
USA Market
Middle Eastern Market
3
Australian Market
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ADAS Application of Passenger Car

◼ OEM Passenger Cars

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In-vehicle
Biological Detection
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– Application Field Passenger Car

China Car Maker Approved

◼ Life Detection

◼ Backing and Parking

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◆ Euro NCAP starts to rate for cars whether it supports in-car kids presence detection. In the case, the number of new cars with in-vehicle life presence detection system will be gradually increased in 2022.

Auto parking supported

PA+BSD

• In particular, radar technology, which can sense light breathing and heartbeat, detect sleeping baby and pet, become a leading in this field.

• technology

Parking Assist +BSD

Support Auto-Parking BSD、PA、RCW、RCTA

High Speed

BSD、PA、RCW

Low Speed Stop Mode

PA、RCTA

PA

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DOW

DOW

Privacy

• Combined serval driving assist functions to reduce total installing time.

• • Replace rear side

• Features Ultrasound sensor, drilling into bumper is not required.

• Replace rear side Ultrasound sensor, drilling into bumper is not required.

Vital signs

• Support Auto-parking, replace 6 ultrasound sensors (long + short distance)

• • RAEB supports reverse parking and braking.

Various environment

Note: Parking Assist (PA), Blind Spot Detection(BSD, Rear Collision Warning (RCW) 、Rear 、 Cross Traffic Alert (RCTA) Door Open Warning(DOW)

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Strong Demand of Radar

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commercial car
customers,
Safety driving Regulations Market share >
regulations were issued
50%
and implemented in
many countries
Intelligent
city
Radar requirement
increasing with high-
Private and Strongly end Autonomous
accurate, radar is techniques
essential sensor of Grow
intelligent city.
Autonomous
Intelligent trend of E.V.
Electric
driving radar demand.
vehicle
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Market Achievement

Japan

Wrong step on brake & driving assist integration keeps shipping to customer. (Drivers older than 65 are granted )

2 1

3

China

• Selling FCW to top10 commercial car makers.

• Market share over 50%

USA Pedestrian detection on school bus keeps shipping.

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PART 05 mmWave Radar Applications Growing AM Business

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– AM Applications Automotive Field

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Bus

EngineeringVehicle Recreation Vehicle Motorcycle AIM Expo 2019 Best Innovation Award

Truck

Daimler Truck Detection System Award 2019

School Bus

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Police Car

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– AM Applications Public Engineering and Others

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Public
Transport/
Driverless/
ADAS
Medical
LTC Agricultural
Plant Protect Drone
Radar
Public
Others
Utilities
Security Monitor
Intelligent
Railroad Crossing Monitor
Traffic
平交道監測
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PART 06 Multi Sensor Integration Intelligent Safety, Time to Market

Multi Sensor Integration Intelli ent Safet Time to Market g y ,

	Anti-Light Interference	Unaffected whether day or night	Unaffected by Fog	Detection Sensitivity	Location Accuracy	Shape	Speed Accuracy	Privacy	Biological Characters	Traffic Signal & Lane Detection
mmWave Radar	Good	Good	Good	Good	High	No	High	Yes	Breath、Heartbeat	No
Imaging Radar	Good	Good	Good	Good	High	Yes	High	Yes	Breath、Heartbeat	No
Thermal Imager	Medium	Good	Medium	Good	Low	Yes	Low	No	Temp	No
Image	Bad	Bad	Bad	Medium	Low	Yes	Low	No	Breath、Heartbeat (N/A at night)	Yes

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Multi Sensor Integration Intelligent Safety , Time to Market

mmWave Radar 1 CUBTEK Intelligent Intelligent Transportation Driving Imaging Radar 2 CUBTEK Intelligent - Thermal Imager Multi Sensor 3 City Approaching 3s vision Integration Strategy National AI Image Recognition Intelligent 4 Defense 3s vision Motoring Field Networking and System Integration 5 Harbinger

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Intelligent Safety Motoring Achievement

• Obstruction Detection of

• Railroad Crossing (Taiwan Railway )

◆ Intelligent Intersection Motoring System

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Quiet Zone
Detection
Area
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Radar Sensor

Thermal Imaging Camera

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WHY

Regulation Trends - Take Preemptive Actions

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In-house Technology & Industrial Leader

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Why
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& Complete Product Line

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Reliable Supplier of Our Customers

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Your Driving Safety Guard

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Q & A

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