EMC — Investor Presentation 2023

Aug 23, 2023

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台光電子材料股份有限公司 全球環保暨高階基材的領航者

法人說明會簡報 112年8月

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免責聲明

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本簡報之內容可能包括本公司基於從各項來源所取得的資訊， 對於營運、財務狀況與企業發展情形的前瞻性預估。 因為包括但不限於市場需求、價格波動、競爭態勢、供應鏈變 動、全球經濟局勢、匯率波動及其他本公司無控制力之風險等 各種因素，實際的營運、財務狀況與企業發展情形，可能會與 本公司於預測中明示或默示敘述有差異。 本簡報之內容若有對未來之前瞻性預估，僅反映本公司於發佈 當時之看法。本公司並無義務於日後情況變更時，更新前瞻預 估。

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會議議程 Agenda 2023年第二季營運成果 產能更新 產業概況 營運摘要 問與答

P.4 P.7 P.9 P.13 P.18

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Financial Highlights

• 第二季合併營收為新台幣91.8億元，較上季的73.6億元，增加24.8%。與2022 。

• 年第二季的99.8億元相比，本季的合併營收減少8.0%

• 第二季合併毛利率為27.5%，較上季的21.4%相比，增加6.1%。與2022年第二 。

• 季的23.0%相比，本季的合併毛利率增加4.5%

• 第二季合併營益率為17.6%，較上季的10.5%相比，增加7.1%。與2022年第二 。

• 季的14.6%相比，本季的合併營益率增加3.0%

• 歸屬母公司淨利為新台幣10.0億元，每股普通股獲利為新台幣3.0元。較上季的 1.44元相比，增加108.5%。與2022年第二季的3.25元相比，本季的每股盈餘減 。

• 少7.7%

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損益表摘要

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單位:新台幣百萬元

營業收入 營業毛利 營業利益

繼續營業部門稅前淨利 所得稅費用 稅後淨利

基本每股盈餘(新台幣元)

營業毛利率(%) 營業利益率(%) 稅後淨利率(%)

2Q23 1Q23 QoQ 2Q22 YoY 9,180 7,359 24.8% 9,983 -8.0% 2,525 1,572 60.6% 2,297 9.9% 1,619 769 110.5% 1,454 11.4% 1,588 729 117.8% 1,448 9.7% (588) (249) 135.8% (364) 61.5% 1,000 480 108.5% 1,084 -7.7% 3.00 1.44 108.3% 3.25 -7.7% 27.5% 21.4% 23.0% 17.6% 10.5% 14.6% 10.9% 6.5% 10.9%

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資產負債表摘要

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單位:新台幣百萬元

單位:新台幣百萬元 現金及約當現金 應收帳款+應收票據 存貨 不動產、廠房及設備 資產總計	2Q23 金額 百分比 13,951 29.1% 11,657 24.3% 3,980 8.3% 15,385 32.1% 47,962 100.0%	1Q23 2Q22 金額 百分比 金額 百分比 14,414 31.2% 9,596 21.5% 9,814 21.2% 13,246 29.7% 3,728 8.1% 6,196 13.9% 15,189 32.9% 12,711 28.5% 46,235 100.0% 44,653 100.0%
短期借款 應付帳款 長期借款	8,103 16.9% 7,180 15.0% 4,292 2.0%	8,192 17.7% 3,942 8.8% 5,986 12.9% 8,869 19.9% 4,168 9.0% 3,674 8.2%
業主權益	20,293 42.3%	19,799 42.8% 19,421 43.5%
負債及權益	47,962 100.0%	46,235 100.0% 44,653 100.0%

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生產基地及月產能

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預計月產能在2023年底可達450萬張/月

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EMC (HS)
Huangshi
CCL: 900k sheets
PP: 4.8kk meters
Manpower: 650+
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EMC (KS) Kunshan CCL: 1.35kk sheets PP: 3.3kk meters Manpower: 1,400+ +300K SHT/M in 2Q, 2023 +450K SHT/M in 4Q,2023 EMC (TW) Taoyuan CCL: 400k sheets PP: 1.4kk meters Manpower: 900+

EMC (TW) Hsinchu CCL: 150k sheets PP: 1.1kk meters Mass Lam: 800k ft2 Metal Core: 40k pnls Manpower: 150+ EMC (ZS) Zhongshan CCL: 950k sheets PP: 2.1kk meters Manpower: 900+

馬來西亞的製造基地將分二期擴建，總產能為90萬張；第一期45萬張的月產能，預計于2025年初量產。

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美國具有CCL的生產據點

EMC is the only CCL manufacturer, among all Taiwanese & Chinese makers, having production capacity in the US.

To mitigate geopolitical risks, EMC is committed to better serve its customers by providing stabilized high-end materials in the local market with timely services.

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9433 Hyssop Dr, Rancho Cucamonga, CA 91730, United States

Arlon, a CA-based company at Rancho Cucamonga, makes specialty laminates and prepregs for PCBs used in the aerospace, defense and semiconductor industries, also known as Arlon EMD.

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2022年無鹵材料全球市佔第一

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5G 基礎建設發展的趨勢: 無鹵, 高密度連結, 高速, 高頻

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Halogen Free HDI High Speed AAU AiP MIMO[RRU] Phone-5G High Frequency BBU mmWave Phone-4G ADAS Phone-3G 77GHz AI Server Switch-800G 26.56 GHz Server- PCIe5 Infotainment NB- USB4.0 Switch-400G 16GHz 14GHz E-Mobility

NB- USB3.0

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Switch-100G ECU Server- PCIe4 12.89GHz 8GHz Server- PCIe3 Switch-40G 4GHz 5GHz

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高階CCL ( HDI & 高速高頻)

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• High-end CCL market grows at 16% CAGR (2022-2025)

• Overall CCL market grows at 5% CAGR (2022-2025)

• EMC expects to outgrow high end CCL market

Overall CCL Market

High-end CCL Market

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Source: Goldman Sachs Global Investment Research, Oct 2022

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台光電子高速 CCL成長強勁 – 4年內全球市佔從0跳升到16%

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Source: Goldman Sachs Global Investment Research, Oct, 2022

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營運摘要

• HDI細線路先進製程領先全球，全球手機市佔率70%左右， 5G手機市佔率更高達90%左右.

• 100G交換器產品的全球市佔率從不到10%，到主流規格400G 產品高達30%左右。客戶群包括一線國際大廠.

• HDI 細線路的技術應用延伸到伺服器領域，特別是 AI server 的產品, 台光電為主要材料供應商，市佔率達60%左右。

• 台光在馬來西亞設立首座東南亞工廠

• 台光與 Insulectro 簽訂全北美合作協議

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營收穩定成長

營收：新台幣億元

0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0
	2002：1904億元→2022：38673億元
	.. 2002 ~ 2022, CAGR=16.2%
	2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 營收

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經營績效穩定成長

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每股現金股息暨股息配發率

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企業社會責任報告書

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Q & A

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