Fiti — Investor Presentation 2021

Jun 15, 2021

Foxsemicon 2021 First Quarter Investor Presentation 2021/06/10

Safe Harbor Notice

 Foxsemicon′s statements of its current expectations are forward looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements.

 Except as required by law, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

 No material from these slides may be copied, modified, re-edited, transmitted or used for commercial purposes in any way, except with Foxsemicon’s permission.

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Agenda

 Company Profile

 Operation Performance

 Operation Outlook

 Q&A

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Songjiang, CN - 2005(Sales/MFG.)

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 Vertical integrated manufacturing  Special process/frame/integration

Kunshan, CN -2002(MFG.)

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 Critical components

 Energy equipment

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San Jose & Austin-
2001(Sales/Service)
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 Sales/ Services

 IPO

Nanjing Office-2020(Sales)

Chunan #1, TW-HQ 2002 (Sales/RD/MFG.)

Chunan #2, TW-2021(Sales/MFG.)

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• Critical spare parts

• Semiconductor automation equipment

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• Critical spare parts

• Strategic expansion

Semiconductor front-end process equipment

Semiconductor automation equipment

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Upstream Mid-stream Downstream
Level 5
IC Manufacturing
IC Packaging & Testing IC
(Foundry/Memory) Enterprise
IP Design Level 4
/IC Design IC Design Factory
OEM
Equipment Mask Chemicals Manufacturing Inspection equipment & Substrate Frame Lead Channel IC Production Line Level 3
Level 2 Equipment
Level 1 Component
Vertical integration of manufacturing services model
Component Module Move Service
solutions
 Critical Components  CVD/PVD/ALD  Semi/Solar/Medical  Refurbish/Repair
/ Spare Parts Module System Integration  Client-side onsite
 High Purity/Vacuum  Etch Module  ODM/JDM design Management
Valve  CMP Module Virtual Factory  Equipment
 Vacuum Chamber  Concurrent System installation
 Equipment Body Design  Global logistics Customization Module
Goods & Services
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Level 5
Enterprise Flexibility Service
Level 4
Factory
Level 3 Speed Cost
Production Line Level 3
Level 2 Equipment
Level 1 Component
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One-stop shopping for design services and
solutions
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Intelligence
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Business Coverage

 Wafer process equipment manufacturing (ETCH, ThinFilm, CMP)

 Solar/Panel/LED Equipment Manufacturing

 Critical components and spare parts

Semi-conductor process related product manufacturing service.

Fab automation design and manufacturing

 Non-process equipment development

 Micro Contamination Control solution  Wafer AOI inspection equipment

 Wafer handling automation

 Equipment / Parts refurbishing, repairing, and recycling services

 Technology application at re-circular services

Equipment and Medical equipment components OEM and circular economy manufacturing

 Medical image diagnostic equipment

 Critical components OEM

 Equipment contract manufacturing

 Radiotherapy equipment manufacturing

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Kunshan, CN -2002(MFG.)
San Jose & Austin-2001(Sales/Service
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3 1
Songjiang, CN - 2005(Sales/MFG.)
Nanjing Office-2020(Sales)
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Chunan #1, TW-HQ 2002 (Sales/RD/MFG.) Chunan #2, TW-2021(Sales/MFG.)
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：Supply global markets

Statements of Comprehensive Income

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Consolidated	Consolidated	Consolidated	Consolidated	Revenue Trend	Revenue Trend	Revenue Trend	Revenue Trend	Revenue Trend
Unit:NT$Million
3,000
- 500 1,000 1,500 2,000 2,500	91% 9% 2,087		+27%		87% 7% 6% 2,656	-0.1%		87% 7% 6% 2,654	-4%		82% 7% 11% 2,545	+6%		90% 5% 5% 2,697
	2020Q1				2020Q2			2020Q3			2020Q4			2021Q1
	Semiconductor/Panel			equipment critical part manufacturing Automation						equipment
	Solar equipment		and critical		parts			Consolidated revenue							9

YoY YoY 40% 55%

YoY YoY 11% 20%

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5% [5% ]
90%
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-27% YoY

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Balance Sheets & Key Indices

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Cash Flows

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*Free Cash Flow=Cash from operating activities-Capital expenditures

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	Stable dividend policy 14 Year 2017 2018 2019 2020(Note) EPS (Before stock dividends) 13.63 14.06 7.85 14.91 Cash DPS(NT$) 6 7 4 7 Stock DPS(NT$) 0.5 - - - Total 6.5 7 4 7 Payout ratio(%) 48% 50% 51% 47% Unit: NT$ Note：The actual dividend distribution for 2020 is subject to shareholders meeting’s ratification.

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WFE Market dynamics
Fab Equipment Spending (Frond End) Pre-Process equipment per Capital proportion
US$ Billion Sum Change rate CHANGE YOY
Other
5%
90 50%
39% super cycle 84 Ion Implant 3% Inspection 11% Photo 28% Service
80 75 40% Clean addressable
7% market
CMP 3% 46%
70 30% PVD
65 5%
Etch ALD
60 18% 16% 16% 16% 20% 20% CVD 5%
13%
12%
Source:TRI(2020/12)
8% 8%
50 10%
US$ Billion
Potential market size
-1%
40 0% 50
41
-7%
-9% 40
30 -14% -10% 30
19
20
20 -20%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021F 2022F 10 4 0.2
Source:Semi(2021/3) -
TAM SAM SOM FITI Rev(2020)
15
Assumption 2021 WFE USD75B
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+X%

8%

92%

X+ %

2Q21 Business Outlook

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Semiconductor/Panel
Automation Solar equipment
/ equipment critical
Fiti
equipment and critical parts
part manufacturing
QoQ QoQ QoQ QoQ
YoY YoY YoY YoY
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Recap of Recent Major Events

 In accordance with the instructions of FSC, the Company ceased to hold the shareholders' meeting originally scheduled for 2021/5/25 and is expected to hold it again in July

 One additional independent director will be elected at the 2021 shareholders' meeting, with the current quota of seven directors and four independent directors

 Fiti starts enterprise COVID-19 rapid test to protect employees and workplace

safety

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Thanks for your attention

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