Fiti — Investor Presentation 2021

Jan 25, 2021

Foxsemicon Investor Presentation

2021/01/25

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.

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Agenda

 Company Profile

 Operation Performance

 Operation Outlook

 Q&A

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Songjiang Plant-
2005(sale/MFG.)
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 Special process

• Process equipment system integration

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San Jose & Austin-
Kunshan Plant-2002(MFG.)
2001(Sale/service)
 Critical components  Sales/ Services
 Energy system integration  IPO
Nanjing subsidiary-2020(Sale)
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Taiwan HQ-2002(RD/MFG.)
 Critical spare parts
 Semiconductor automation
equipment
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Taiwan Chunan-
2021(MFG.)
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 Critical spare parts
 Strategic expansion
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Upstream Mid-stream Downstream
IC Manufacturing IC
IC Packaging & Testing
(Foundry/Memory) Module
IP Design
/IC Design IC Design Manufacturi
OEM
ng Manufacturing
& Mask Chemicals Inspection & Substrate Frame Lead IC
Inspection equipment Channel
equipment
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Layer 5
Business
Flexibility Service
Layer 4
Factory
Speed Cost
Layer 3 System
Layer 2 Machine
Layer 1 Component
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Component Module Move Service
 Machine Parts  Mechanical  System assembly  Refurbish/Repair
 Sheet metal assembly  ODM/JDM design  Client-side inventory
 Cable harness  Electrical assembly Virtual Factory mgnt
 Surface treatment  Sub-system  Concurrent System  Equipment
 Welding assembly Design installation
 Testing &CMM  Global logistics
Goods & Services
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One-stop shop for integrated service solution

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Customize
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Module
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Intelligent
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Industry Development Strategy

 Semiconductor wafer process equipment manufacturing(etching, thin film, CMP )

 Solar/Panel/LED

Equipment Manufacturing  Critical process spare parts

Semiconductor equipment life cycle manufacturing &services

Fab automation development and manufacturing

 Non-process equipment development

 Micro Contamination Control solution

 Wafer AOI inspection equipment

 Nitrogen storage system

 Wafer transfer automation

 Equipment recycling Equipment and service  Parts refurbish service key components  Technology-derived Circular economy

 Parts refurbish service  Technology-derived application services

Medical equipment development and manufacturing

 Medical image diagnostic equipment

 Key components of medical equipment

• Smart medical peripheral facilities

• Radiotherapy equipment

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Kunshan Plant-2002(MFG.)
 Critical components
 Energy system
integration
Songjiang Plant-2005(MFG.)
Nanjing subsidiary-2020(Sale)
 Special process
 Process equipment system
integration
Taiwan Chunan-2021(MFG.)
Taiwan HQ-2002(RD/MFG.)
 Critical spare parts
 Critical spare parts  Strategic expansion ：Supply global markets
 Semiconductor automation ：Supply to the China market
equipment
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San Jose & Austin(Sale)
 Sales Offices
 IPO
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：Supply global markets
：Supply to the China market
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10% -16% 0% 14% 0% 13% 37% 14% -8% 16% 4% 6% -20% -10% 0% 10% 20% 30% 40% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021F 2022F US$ M Average 2011-2016 Average 2017-2022 Billion CHANGE YOY NEW NORMAL	90 US$ Billion	90 US$ Billion	90 US$ Billion	90 US$ Billion
	0 10 20 30 40 50 60 70 80	69 72 76
		2020F	2021F	2022F
	Europe	2	4	6
	SEA/ROW	3	3	3
	North America	6	6	6
	Janpan	7	8	8
	Taiwan	17	16	17
	China	18	17	16
	Korea	16	19	20

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Revenue growth
Unit:NT$Million
12,000
9,942
10,000 +14% 9,305
+36% 6%
-21%
8,168 8%
11%
8,000 7,306
12%
18%
6,000
86%
4,000 85%
87%
79%
2,000
-
2017 2018 2019 2020
Semiconductor/Panel equipment critical part manufacturing
Automation equipment
Solar processing equipment and critical parts
Revenue growth
9
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Consolidated Revenue Trend
Unit:NT$Million
3,000
2,656 -0.1% 2,654
-4% 2,545
2,500 +27% 6% 6%
2,282 7% 7% 11%
-9%
5% 2,087
+29% 7%
2,000 14% 9%
1,765
1,660 +6%
1,599 +4%
21%
1,500
22% 18%
87% 87%
1,000 81% 91% 82%
78%
77% 76%
500
-
2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4(note)
Semiconductor/Panel equipment critical part manufacturing Automation equipment
Solar processing equipment and critical parts Consolidated revenue
Note:Unaudited 10
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Operation Performance
Unit:NT$Million
10,000 24.85% 30.00%
26.13%
9,000
23.85%
11% 23.06% 25.00%
8,000
12%
7,000
8% 20.00%
18%
17.11%
6,000
14.82%
14.32%
5,000 15.00%
12.10%
4,000 85%
87%
88% 10.00%
3,000 79%
2,000
5.00%
1,000
- 0.00%
2017 2018 2019 2020 Q1-Q3
Semiconductor/Panel equipment critical part manufacturing Automation equipment
Solar processing equipment and critical parts Gross Margin
Operating Margin
11
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Year	2017	2018	2019
EPS (Before stockdividends)	13.63	14.06	7.85
Cash DPS(NT$)	6	7	4
Stock DPS(NT$)	0.5	-	-
Total	6.5	7	4
Payout ratio(%)	48%	50%	51%
0 2 4 6 8 10 12 14 16

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Thanks for your attention

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