EMC — Investor Presentation 2023

May 4, 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5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年第一季營運成果 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

• 第一季合併營收為新台幣73.6億元，較上季的88.9億元減少17.2%。與2022年 第一季的99.2億元相比，本季的合併營收減少25.8%。毛利率為35.5%，歸屬母 公司淨利為新台幣162億元，每股普通股獲利為新台幣1.31元。

• 第一季合併毛利率為21.4%，較上季的26.9%減少5.5%。與2022年第一季的 。

• 25%相比，本季的合併毛利率減少3.6%

• 第一季合併營益率為10.5%，較上季的17.1%減少6.6%。與2022年第一季的 。

• 16.6%相比，本季的合併營益率減少6.1%

• 歸屬母公司淨利為新台幣4.8億元，每股普通股獲利為新台幣1.44元。

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損益表摘要

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單位:新台幣百萬元

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(%)	1Q23 7,359 1,572 769 729 (249) 480 1.44 21.4% 10.5% 6.5%	4Q22 8,888 2,387 1,523 1,549 (190) 1,359 4.08 26.9% 17.1% 15.3%	QoQ -17.2% -34.1% -49.5% -52.9% 31.2% -64.7% -64.7%	1Q22 9,918 2,478 1,651 1,669 (343) 1,326 3.98 25.0% 16.6% 13.4%	YoY
					-25.8% -36.6% -53.4% -56.3% -27.3% -63.8% -63.8%

Note: 火災造成的一次性銷貨成本的增加，影響毛利率 1.1% 第一季認列未分配盈餘課稅的金額為新台幣 1.05 億元，還原所得稅率為 19.8%.

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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	1Q23 金額 百分比 14,414 31.2% 9,814 21.2% 3,728 8.1% 15,189 32.9% 46,235 100.0%	4Q22 1Q22 金額 百分比 金額 百分比 10,444 24.1% 8,368 20.9% 11,683 26.9% 13,318 33.3% 4,236 9.8% 5,476 13.7% 14,680 33.8% 10,232 25.5% 43,382 100.0% 40,047 100.0%
短期借款 應付帳款 長期借款	8,192 17.7% 5,986 12.9% 4,168 9.0%	5,299 12.2% 4,397 11.0% 6,513 15.0% 7,891 19.7% 4,218 9.7% 774 1.9%
業主權益	19,799 42.8%	22,075 50.9% 21,652 54.1%
負債及權益	46,235 100.0%	43,382 100.0% 40,047 100.0%

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生產基地及月產能

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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+

EMC monthly laminate capacity will reach 4.5mn sheets/mon in 4 Q,2023

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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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2021年無鹵材料全球市佔第一

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Global Green Laminate Market

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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%以上， 5G手機市佔率更高達90%以上.

• 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%以上。客戶群包括一線國際大廠.

• HDI材料已切入電動車領域，主要的電動車業者都是客戶，其 中，電動車領導廠商, 台光電佔比超過60%以上。

• 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，市佔率超過60%

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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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