DELTA — Interim / Quarterly Report 2021

Feb 25, 2022

台達電子111年2月25日財報法人說明會

線上Q&A說明

• 會議將於 2/25 15:00 準時開始

• 與會者可於線上進行提問

• 提問前請先輸入您所屬的代表機構及姓名

• 如無法線上提問，請聯絡技術團隊(02)8797-2088 # 5074

Delta Electronics, Inc. Feb 25, 2022 Analyst Meeting Instructions of online Q&A

• The meeting will start at 15:00, Feb 25

• Participants may raise your questions via textbox Please identify your name and company before asking questions

• Please contact our IT team should you encounter any technical issues: (02)8797-2088 # 5074

==> picture [360 x 405] intentionally omitted <==

台達智慧電網、儲能、電力交易平台發展 Smart Grid, Energy Storage System (ESS), and Energy-Trading Business Development

2022/2/25

能源轉型驅動 電力 與 汽車 產業質變 Energy transition is driving the industry transformation of electric power and automobile.

低碳電網 電動交通 - Low Carbon Grid Electrified Mobility

儲能市場未來發展與前景

Prospect of energy storage market

台灣 Taiwan

全球 Global

2025年累積容量可達 1GW/3GWh 以上 2030年預期可達 6GW/15GWh

The cumulative capacity may reach more than 1GW/3GWh in 2025, and 6GW/15GWh in 2030.

全球儲能建置加速 2030年上看 US$40B 市場規模 Global energy storage construction is accelerating, with US$40B expected market size in 2030.

==> picture [92 x 38] intentionally omitted <==

4 Source: InfoLink (2021 Dec), BNEF (2021 Nov.)

儲能系統是電網挑戰的解方 Energy storage system can be the answer to grid challenges

電網面貌改變 伴隨著 電網穩定 與 電力調度 問題

The challenges of the grid stability and power dispatching will also come along with the transformation of the grid.

==> picture [214 x 122] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

儲能系統的 調控 是問題的解方 整合再生能源、儲能、充電的能源基礎設施會是未來發展的大方向

With the capability of rapid power charging & discharging, the controllable ESS can be the solution to the grid challenges. The integration of renewable energy, ESS and EV charging facilities will be the future trend.

5

儲能系統「智慧調度」 實現智慧電網 Smart dispatching of ESS can help to realize the success of smart grid

==> picture [689 x 311] intentionally omitted <==

----- Start of picture text -----

供電端確保可靠度與穩定度 工商企業用戶端應用
Ensuring Reliability and Stability on Power Supply Side Applications on the Enterprise Side
再生能源發電廠 輸配電網 回應趨勢 Respond to trends
Renewable Power Plant Transmission & Distribution
RE100 / ESG / 用電大戶
讓不可控的再生能源穩定輸出 緊急備援與調頻 Energy-intensive C&I 優化電費 Cost Optimization
Stabilize the output of uncontrollable renewables Emergency backup, Frequency regulation
削峰填谷, 優化契約容量
Peak shaving, Demand contract optimization
支援電網 Grid Ancillary
需量反應, 輔助服務
Demand response, Ancillary service
整合再生能源
傳統發電機電廠 Renewables Integration
Traditional Power Plant 輔助廠區設施 Facility Support 提高太陽能自發自用
緊急備援與調頻 備用電源, 充電站 Increase self-generation & consumption
Emergency backup, Frequency regulation Backup power, EV charging station
----- End of picture text -----

6

因應大量再生能源併網衝擊 建立電力交易平台 Energy Trading Platform established to minimize the impact of a large amount of renewable energy on the grid

台灣政府能源轉型目標 Taiwan government’s policy goals for energy transition

==> picture [32 x 32] intentionally omitted <==

台電電力交易平台穩定電網 Taipower Company’s Energy Trading Platform

2025年達20%（20GW光電及5.9GW離岸風電） Reach 20% in 2025 with 20GW solar and 5.9GW offshore wind power

==> picture [249 x 158] intentionally omitted <==

電力交易平台上線 擴大民間合格交易者參與日前市場

Energy Trading Platform launched for the participation of qualified private traders in the day-ahead market.

目前民間合格調頻備轉容量合計 19.1 MW

10MW 為 台達儲能系統解決方案 （台達5MW + 漢翔 5MW）

At present, the total qualified private capacity is 19.1MW for regulation reserve service, with 10MW service provided by Delta's energy storage system solutions, where Delta contributes 5MW and AIDC contributes another 5MW.

7

台達平鎮廠儲能系統 參加調頻備轉輔助服務 Delta Pingjhen Plant Energy Storage System for TPC Automatic Frequency Control (AFC) Service

==> picture [37 x 37] intentionally omitted <==

建立完整儲能解決方案

Build complete energy storage solutions and deepen key technology development.

==> picture [37 x 37] intentionally omitted <==

提供客戶合適儲能系統方案

Provide suitable energy storage system solution to assist customers in response to ever changing market demand

5 MW / 3.6 MWh 儲能系統

• Delta MW PCS

• Delta Li-ion Battery System

• • DeltaGrid[®] Energy Management

==> picture [37 x 36] intentionally omitted <==

首家通過台電三項 調頻輔助服務能力測試 The first company to pass Taipower's three types of AFC service capability tests.

8

插旗歐美日台 台灣儲能應用覆蓋率最高 The first in Taiwan to achieve various types of ESS applications

==> picture [197 x 151] intentionally omitted <==

----- Start of picture text -----

台電金門夏興電廠 Taipower XiaxingPower Plant
2MW, 發電機備援、頻率調節
Generator backup and frequency regulation
----- End of picture text -----

台達桃園平鎮廠 Delta Pingjhen Plant 5MW, 調頻備轉輔助服務 Regulation reserve ancillary service (AFC)

==> picture [177 x 232] intentionally omitted <==

==> picture [203 x 130] intentionally omitted <==

==> picture [153 x 115] intentionally omitted <==

==> picture [153 x 117] intentionally omitted <==

9

台達儲能與能源基礎設施解決方案 Delta ESS and Energy Infrastructure Solution

==> picture [193 x 99] intentionally omitted <==

==> picture [191 x 39] intentionally omitted <==

----- Start of picture text -----

DeltaGrid [®] 能源管理系統
Energy Management System
----- End of picture text -----

• 儲能系統能源管理 ESS Energy Management

• • 電力交易輔助服務管理 Energy-Trading Management

• • 電動車充電站管理 EV Charging Management

• • 維運管理 Operation & Maintenance Management

==> picture [76 x 81] intentionally omitted <==

==> picture [77 x 103] intentionally omitted <==

10

下一個儲能應用－走入電動車充電站 The next energy storage application - EV charging station

==> picture [490 x 39] intentionally omitted <==

----- Start of picture text -----

整合再生能源與儲能，具微電網概念的電動車充電基礎設施
Transforming EV charging station to microgrid by integrating renewable energy, energy storage, and EV charger and energy management system
----- End of picture text -----

==> picture [126 x 81] intentionally omitted <==

太陽能/再生能源

Solar/Renewables

能源與維運管理

Energy & Facility Operation Management

儲能系統

Energy Storage System

電動車充電

EV Charging

==> picture [30 x 30] intentionally omitted <==

台灣、日本、歐洲已有實績 Real cases in Taiwan, Japan, and Europe

11

Delta Electronics, Inc. Q4 2021 Results 台達電子2021年第四季財報法人說明會

25 Feb 2022

==> picture [360 x 405] intentionally omitted <==

==> picture [133 x 47] intentionally omitted <==

• The financial numbers hereby are based on International Financial Reporting Standards (IFRS) 本簡報財務數字係根據國際財務報導準則編製

• Cumulative consolidated numbers were audited by CPA 合併數字經會計師查核簽證

13

==> picture [133 x 47] intentionally omitted <==

Q4 2021 Financial Results 2021年第四季結算數字

14

==> picture [133 x 47] intentionally omitted <==

Sales Revenues & Gross Profits

合併營收及毛利

Sales 營收	NT$ billion 新台幣十億元	NT$ billion 新台幣十億元	NT$ billion 新台幣十億元	NT$ billion 新台幣十億元	NT$ billion 新台幣十億元
	4Q20	1Q21	2Q21	3Q21	4Q21
Sales	78.5	72.5	78.8	79.6	83.8

GP 毛利
	4Q20	1Q21	2Q21	3Q21	4Q21
GP	24.4	21.6	23.7	22.5	22.4
GPM	31.1%	29.8%	30.1%	28.3%	26.7%

==> picture [198 x 258] intentionally omitted <==

----- Start of picture text -----

y/y q/q
年對年 季對季
Sales
+7% +5%
營收
GP
-8% -1%
毛利
----- End of picture text -----

15

==> picture [133 x 47] intentionally omitted <==

NT$ billion 新台幣十億元

Operating Profits & Expenses 營業淨利及費用

00 5.0 10.0 15.0 20.0 25.0 R&D SG&A OP
	6.8 70					y/y 年對年 q/q 季對季
	6.5 . 6.9 6.9
	7.9 7.6 7.9 7.9 8.2					R&D 研發費用 +1% 0%
	9.7 7.5 8.8 7.8 7.3
						SG&A 銷管費用 +4% +4%
. (% of sales)	4Q20	1Q21	2Q21	3Q21	4Q21
R&D	8.7%	8.9%	8.8%	8.6%	8.2%
						OPEX 總營業費用 +3% +2%
SG&A	10.0%	10.5%	10.1%	9.9%	9.8%
OPEX	18.7%	19.5%	18.9%	18.5%	18.0%
						OP 營業淨利 -25% -6%
OPM	12.4%	10.3%	11.1%	9.8%	8.7%

16

==> picture [133 x 47] intentionally omitted <==

Performance by Segment 主要部門表現

NT$ million 新台幣百萬元		Sales			Profits
		y/y	q/q		y/y	q/q
		年對年	季對季		年對年	季對季
Power Electronics 電源及零組件	49,226	+6%	+3%	5,244	-21%	-8%
Automation 自動化	11,665	+16%	+3%	1,047	-9%	+15%
Infrastructure 基礎設施	22,700	+3%	+10%	1,014	-47%	-15%

Sales% 營收佔比 Power Electronics Automation Infrastructure Others

==> picture [166 x 170] intentionally omitted <==

----- Start of picture text -----

59% 60% 59%
13% 14% 14%
28% 26% 27%
0% 0% 0%
4Q20 3Q21 4Q21
----- End of picture text -----

17

==> picture [133 x 47] intentionally omitted <==

Non-operating Profits 業外損益

NT$ billion NT$ million 4Q20 3Q21 4Q21 新台幣十億元 新台幣百萬元 Gain on disposal of investment (15) 0 0 處分投資損益 Interest income 32 44 1 利息收益 FX income 12 412 131 匯兌損益 Others 121 53 1,008 4Q201Q212Q213Q214Q21 其他 non-op 0.1 1.3 1.3 0.5 1.1 Total 150 509 1,140 % of sales 0.2% 1.8% 1.7% 0.6% 1.4% 合計

Non-OP 業外損益

==> picture [20 x 10] intentionally omitted <==

==> picture [7 x 7] intentionally omitted <==

18

==> picture [133 x 47] intentionally omitted <==

Profits before Tax v.s EBITDA 稅前淨利及息稅折舊及攤銷前利潤

NT$ billion Profits 新台幣十億元

before

==> picture [35 x 36] intentionally omitted <==

==> picture [35 x 35] intentionally omitted <==

==> picture [35 x 31] intentionally omitted <==

==> picture [35 x 30] intentionally omitted <==

==> picture [35 x 30] intentionally omitted <==

tax

before tax	before tax	before tax	before tax	before tax	before tax
稅前淨利	4Q20	1Q21	2Q21	3Q21	4Q21
PBT	9.9	8.8	10.1	8.3	8.4
% of sales	12.6%	12.2%	12.8%	10.4%	10.1%

EBITDA % of sales EBITDA 息稅折舊及 攤銷前利潤
	4Q20	1Q21	2Q21	3Q21	4Q21
	14.0	13.1	14.4	12.7	12.9
	17.8%	18.0%	18.2%	15.9%	15.5%

y/y q/q 年對年 季對季 Profits before -15% +2% tax 稅前淨利 EBITDA 息稅折舊及 -7% +2% 攤銷前利潤

19

==> picture [133 x 47] intentionally omitted <==

NT$ billion 新台幣十億元

Net

profits after

==> picture [21 x 76] intentionally omitted <==

==> picture [22 x 75] intentionally omitted <==

==> picture [21 x 66] intentionally omitted <==

==> picture [21 x 64] intentionally omitted <==

==> picture [21 x 63] intentionally omitted <==

tax 稅後淨利

Net profits after tax 稅後淨利
4Q20 稅後淨利 7.4	1Q21 2Q21 6.6 7.6		3Q21 4Q21 6.4 6.3
稅後淨利率9.5%	9.1% 9.6%		8.0% 7.5%
	y/y		q/q
Net profits after tax	-16%		-2%

Net Profits after Tax

稅後淨利

NT$ million 4Q20 3Q21 4Q21 新台幣百萬元 Profit before income tax 9,884 8,287 8,445 稅前淨利 Income tax (1,963) (1,689) (1,650) 所得稅 Non-controlling interest (490) (229) (537) 非控制權益 Net profit after tax 7,431 6,369 6,258 稅後淨利

20

EPS 每股淨利

==> picture [133 x 47] intentionally omitted <==

Unit: NT$ 新台幣元

==> picture [598 x 131] intentionally omitted <==

----- Start of picture text -----

2.86 2.92
2.54 2.41
2.45
4Q20 1Q21 2Q21 3Q21 4Q21
----- End of picture text -----

• *EPS based on shares outstanding of 2,598 million.

每股盈餘之設算基於在外流通股數25.98億股。

==> picture [133 x 47] intentionally omitted <==

2021 Full-year Financial Results 2021年全年結算數字

22

==> picture [133 x 47] intentionally omitted <==

NT$ billion 新台幣十億元

Sales Revenues & Gross Profits

合併營收及毛利

Sales Sales 營收 GP 毛利	Sales Sales 營收 GP 毛利
		2020	2021
	Sales	282.6	314.7
		2020	2021
GP		87.2	90.2
% of sales		30.9%	28.7%

23

==> picture [133 x 47] intentionally omitted <==

Operating Profits & Expenses 營業淨利及費用

==> picture [668 x 301] intentionally omitted <==

----- Start of picture text -----

NT$ billion
新台幣十億元
80.0 y/y
25.5 27.2
年對年
R&D 60.0
SG&A 40.0 30.3 31.6 R&D +7%
研發費用
OP
20.0
31.4 31.4
0.0 SG&A
+4%
(% of sales) 2020 2021 銷管費用
R&D 9.0% 8.6%
OPEX
+5%
SG&A 10.7% 10.1% 總營業費用
OPEX 19.7% 18.7%
OP
+0%
OPM 11.1% 10.0% 營業淨利
----- End of picture text -----

24

==> picture [133 x 47] intentionally omitted <==

Performance by Segment 主要部門表現

NT$ million Sales Profits 新台幣百萬元 y/y y/y 年對年 年對年 Power Electronics 187,317 +14% 21,443 -1% 電源及零組件 Automation 45,881 +18% 4,976 +28% 自動化 Infrastructure 81,080 +2% 4,945 -16% 基礎設施

==> picture [230 x 268] intentionally omitted <==

----- Start of picture text -----

Sales%
營收佔比
Power Electronics Automation
Infrastructure Others
58% 59%
14% 15%
28% 26%
0% 0%
2020 2021
----- End of picture text -----

25

==> picture [133 x 47] intentionally omitted <==

Non-operating Profits 業外損益

	NT$ billion 新台幣十億元	NT$ billion 新台幣十億元				NT$ million 新台幣百萬元	2020	2021
						Gain on disposal of investment 處分投資損益	(95)	90
	Non-OP 業外損益					Interest income 利息收益	168	134
						FX income 匯兌損益	524	1,166
		non-op	2020 2.8	2021 4.3		Others 其他	2,252	2,873
		% of sales	1.0%	1.4%		Total 合計	2,849	4,263

26

==> picture [133 x 47] intentionally omitted <==

Profits before Tax v.s EBITDA 稅前淨利及息稅折舊及攤銷前利潤

NT$ billion Profits 新台幣十億元 before y/y tax 年對年 稅前淨利 2020 2021 PBT 34.3 35.6 Profits before tax % of sales 12.1% 11.3% +4% 稅前淨利 EBITDA 息稅折舊及 攤銷前利潤 2020 2021 EBITDA +5% EBITDA 50.5 53.1 息稅折舊及攤銷前利潤 % of sales 17.9% 16.9%

27

==> picture [133 x 47] intentionally omitted <==

Net Profits after Tax 稅後淨利

	Net profits after tax 稅後淨利 NT$ billion 新台幣十億元	Net profits after tax 稅後淨利 NT$ billion 新台幣十億元	Net profits after tax 稅後淨利 NT$ billion 新台幣十億元	Net profits after tax 稅後淨利 NT$ billion 新台幣十億元	NT$ million 新台幣百萬元 2020 2021 Profit before income tax 稅前淨利 34,275 35,628 Income tax 所得稅 (6,891) (7,129) Non-controlling interest 非控制權益 (1,899) (1,703) Net profit after tax 稅後淨利 25,485 26,796
		元
		2020		2021
	Net profits after tax	25.5		26.8
	% of sales	9.0%		8.5%
			y/y
	Net profits after tax		+5%

28

EPS 每股淨利

==> picture [133 x 47] intentionally omitted <==

Unit: NT$ 新台幣元

==> picture [424 x 167] intentionally omitted <==

----- Start of picture text -----

10.32
9.81
----- End of picture text -----

2020 2021

• *EPS based on shares outstanding of 2,598 million

每股盈餘之設算基於在外流通股數25.98億股。

29

==> picture [133 x 47] intentionally omitted <==

Proposed Earnings Distribution 董事會建議盈餘分配

Cash dividend per share: NT$5.5 現金股利每股新台幣5.5元

30

Delta Confidential

==> picture [133 x 47] intentionally omitted <==

Business Category 業務分類

==> picture [74 x 89] intentionally omitted <==

==> picture [64 x 89] intentionally omitted <==

==> picture [65 x 90] intentionally omitted <==

==> picture [703 x 194] intentionally omitted <==

----- Start of picture text -----

• ICT infrastructure • EIS infrastructure
• Power supplies 資通訊基礎設施 能源基礎設施
電源供應器
• Industrial automation ✓ Telecom power ✓ Off-board EV charger
• Fans & thermal 工業自動化 通信電源 電動車充電設備
風扇及散熱管理
• Building automation ✓ Datacenter solutions ✓ Renewable energy
• Passive components 樓宇自動化 資料中心解決方案 & Energy Storage System
被動元件 可再生能源及儲能設備
✓ Networking
• On-board EV solutions 網通系統 ✓ Display
汽車電子 視訊系統
----- End of picture text -----

31

Smarter. Greener. Together.

To learn more about Delta, please visit www.deltaww.com