Favite — Investor Presentation 2019

Dec 19, 2019

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FAVITE Inc. Investor Conference 2019.12.19

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FAVITE Inc.

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Your Favorite AOI

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Favite’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward-looking statements. These forward-looking statements are not guarantees of future performance and therefore one should not place undue reliance on them. Except as required by law, we undertake no obligation to update any forwardlooking statements, whether as a result of new information, future events, or otherwise.

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Company Profile Service Locations & Factory Sites Market Overview Operating Performance Growth Opportunities

Your Favorite AOI

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The only AOI professional
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Founded in 2000 Stocks listed in 2008(Code3535) Employee ： ~260

Revenue growth 2019 Q3 1,573 million 2018 Year 1,538 million 2017 Year 1,038 million

Earnings (Loss)per share 2019 Q3 2.34 2018 Year 1.07 2017 Year (1.63)

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Company Profile Service Locations & Factory Sites Market Overview Operating Performance Growth Opportunities

Your Favorite AOI

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Hubei Wuhan Anhui Zhangzhou Kunshan Office
Shanghai(Subsidiary)
Fujian Office
Shaanxi Xianyang
Fuzhou/ Putian / Xiamen
Headquarter in Hsinchu
Sichuan Chongqing
(Huanbei & Taihe)
Taichung Office
Guangdong
Shenzhen / Guangzhou
Tainan Office
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Company Profile Service Locations & Factory Sites Market Overview Operating Performance Growth Opportunities

Your Favorite AOI

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Main Product & A lication
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Intelligent
AI Manufacturing
OPTIMIZED MANUFAC.
AICM
INTELLIGENCE
AOI
HIGH THROUGHPUT
ADVANCED
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Your Favorite AOI

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Product Histor
y
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The only AOI listed company in Taiwan

2002 Enter CF/Cell AOI Market 2005 Enter TFT Array AOI Market 2011 Enter LTPS AOI Market 2013 Enter OLED AOI Market 2016 Enter Wafer AOI Market 2018 Enter Mini LED AOI Market 2019 Launch FOPLP Market

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Your Favorite AOI

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Forecast of lobal intelli ent manufacturin roduction value
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CAGR 10.7 %

368

245

295

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332

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2019 2020 2021 2022

Unit ： USD Billion

Source : TRI ; data summarized and predicted by FAVITE

Your Favorite AOI

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Forecast of lobal Mini LED roduction value
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Forecast of global Micro & Mini LED
production value
USD 689
million
USD 694
million
Mini LED Micro LED
Source : Yole Development ; data summarized and edited by FAVITE
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Mini LED production value of
each field of application
1200
TV Over USD 1
1000 Mobil Phone billion
Car Display
800 Monitor
600
400
200
0
2019 2020 2021 2022 2023
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Source :中國產業信息網; data summarized and predicted by FAVITE

Your Favorite AOI

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Forecast of lobal semiconductor advanced acka in roduction value
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USD 39 billion

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Flip Chip Fan In Fan Out Embedded Die

Source : Yole Development ; data summarized and predicted by FAVITE

Your Favorite AOI

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roduction value
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USD 279 million

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Source : Yole Development ; data summarized and predicted by FAVITE

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Company Profile Service Locations & Factory Sites Market Overview Operating Performance Growth Opportunities

Your Favorite AOI

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rehensive Income
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Accounting Subjects	2019Q3	2019Q3	2018Year	2018Year	2017Year	2017Year
(In Thousands of New Taiwan Dollars, Except Earnings(Loss) Per Share)	Amount	%	Amount	%	Amount	%
Operating Revenue	1,572,563	100	1,537,750	100	1,038,039	100
Operating Costs	1,112,641	71	1,161,529	76	832,628	80
Gross Profit	459,922	29	376,221	24	205,411	20
Operating Expenses	284,855	18	320,625	21	282,217	27
Profit/(Loss) from Operations	175,067	11	55,596	3	(76,806)	(7)
Non-Operating Income and Expenses	10,387	1	28,721	2	(50,238)	(5)
Net Profit/(Loss) Before Income Tax	185,454	12	84,317	5	(127,044)	(12)
Income Tax Expenses	447	-	111	-	1,746	-
Net Profit/(Loss) for The Period	185,007	12	84,206	5	(128,790)	(12)
Earnings/(Loss) Per Share	2.34		1.07		(1.63)

Your Favorite AOI

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Strategic cooperation，Create a win win situation
Revenue In Millions of New Taiwan NET PROFIT/(LOSS) FOR Taiwan Dollars
Dollars
THE PERIOD
185,007
84,206
-128,790
2017 Year 2018 Year 2019 Q3
2017 Year 2018 Year 2019 Q3
Net Profit/(Loss) for
-128,790 84,206 185,007
Revenue 1,038 1,538 1,573 The Period
1,538 1,573
1,038
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In Thousands of New Taiwan Dollars

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Percentage
Gross Profit Margin
40%
30% 29%
24%
20% 20%
10%
0%
2017 Year 2018 Year 2019 Q3
Gross Profit
20% 24% 29%
Margin
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Earnings/(Loss) Per Share[New Taiwan Dollars]

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3
2.34
2
1 1.07
0
-1
-1.63
-2
2017 Year 2018 Year 2019 Q3
Earnings(Loss) Per
-1.63 1.07 2.34
Share
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Company Profile Service Locations & Factory Sites Market Overview Operating Performance Growth Opportunities

Your Favorite AOI

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Product ： OLED Location ： Shaanxi Xianyang Maker ： INCOFLEX Generation ： G6 Capacity ： 30K/Month

Product ： TFT LCD Location ： Hunan Changsha Maker ： HKC Generation ： G8.6 Capacity ： 150K/Month

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TFT LCD & OLED
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Product ： OLED Location ： Wuhan Maker ： CSOT Generation ： G6 Capacity ： 45K/Month

Product ： TFT LCD Location ： Jiangxi Gian Maker ： HOLITECH Generation ： G6 Capacity ： 60K/Month

Product ： OLED Location ： Fujian Xiamen Maker ： TIAMAN Generation ： G6 Capacity ： 48K/Month

Product ： TFT LCD Location ： Guangdong Shenzhen Maker ： CSOT Generation ： G11 Capacity ： 90K/Month

Your Favorite AOI

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Market Overview in China
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LED & FOPLP
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Product ：
Location ：
Investment Amount
Product ： Mini LED
Location ： Hefei
Product ： Mini LED Product ： Semi AOI
Location ： Guangdong Shenzhen Location ：
Guangdong
Shenzhen/Taiwan
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Product ： FOPLP Location ： Taiwan Investment Amount ： NTD 50 billion

Product ： Mini LED Location ： Taiwan Investment Amount ： NTD 40.7 billion Product ： TFT FOPLP /Mini LED Location ： Taiwan Investment Amount ： NTD 70.1 billion

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Thank you