GEMTEK — Interim / Quarterly Report 2021

May 10, 2021

- 元富台股企業日 正文科技

May, 2021 Gemtek Confidential Distribution Prohibited

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----- Start of picture text ----- 安全港條款----- End of picture text -----

• The following presentation may contain forward-looking statements regarding, among other things, our financial condition, future expansion plans and business strategies based on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions.

• The company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. The actual results could differ materially from those contained in these forward-looking statements.

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中美對峙

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金融戰

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產能規劃

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----- Start of picture text ----- 產能分布----- End of picture text -----

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Taiwan Vietnam China Hsinchu,Taiwan Ha Nam,Vietnam Kunshan & Changshu Capacity ≈12% ≈38% ≈ 50% (by production) Capacity ≈ 5% ≈ 40% ≈ 50% (by revenue) Product Pilot Run Wi-Fi Product, LTE, Wi-Fi Product, LTE, Gateway, GPON, Gateway, GPON, Module, Sip Module Module, Sip Module

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挑戰與機會

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關稅

中國製造環境 惡化

COVID 19

匯率變動 缺料問題

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----- Start of picture text ----- 機會----- End of picture text -----

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轉單效應 乾淨網路

中國網通廠競爭力下降

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財務報表

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----- Start of picture text ----- 2021 營收增加Gemtek Revenues60504030202052.420212026.3100Q1Quarter億----- End of picture text -----

	合併損益表	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%	1Q 20211Q 2020YOY1Q-4Q 20201Q-4Q 2019YOY5,240,2832,637,207+99%19,929,37218,057,131+10%9.96%11.48%-13%11.36%9.8%+16%394,584409,981-4%1,797,6631,720,992+4%127,566-107,274+119%467,91351,499+809%23,400-7,622+307%1,105,259231,056+378%128,786-114,758+112%1,407,574209,973+570%2.46%-4.35%+57%7%1.1%+536%0.36-0.35+103%3.860.57+577%
	In NTD$ Thousands	1Q 2021	1Q 2020	YOY	1Q-4Q 2020	1Q-4Q 2019	YOY
	Operating Revenue	5,240,283	2,637,207	+99%	19,929,372	18,057,131	+10%
	Gross Margin Rate	9.96%	11.48%	-13%	11.36%	9.8%	+16%
	Operating Expenses	394,584	409,981	-4%	1,797,663	1,720,992	+4%
	Operating Income	127,566	-107,274	+119%	467,913	51,499	+809%
	Non-Operating Incomeand Expenses	23,400	-7,622	+307%	1,105,259	231,056	+378%
	Net Income	128,786	-114,758	+112%	1,407,574	209,973	+570%
	Net Income Rate	2.46%	-4.35%	+57%	7%	1.1%	+536%
	EPS After Tax（NTD）	0.36	-0.35	+103%	3.86	0.57	+577%

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----- Start of picture text ----- 2021 Q1產品比重(以營收區分)----- End of picture text -----

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----- Start of picture text ----- TelecomInfrastructureConnected 10-15%Home America20-25% 45-50%Europe30-35%Wi-Fi Module15-20%IntegratedProductCloud &45-50% AsiaOthers20-25%0-5%Telecom Infrastructure Integrated Product America Asia EuropeCloud & Others Wi-Fi ModuleConnected Home----- End of picture text -----

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----- Start of picture text ----- 2020總結----- End of picture text -----

1H2020

2H2020

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Production has been impeded due to shortage of labor and materials Deferred shipment to 2Q20

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WFH brings new business opportunities

Spin off Ampak, increase non-operating income

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WFH trend from COVID-19

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Company operation are getting better

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展望

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----- Start of picture text ----- 2021 展望----- End of picture text -----

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New Technology New Customers New Applications

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THANK YOU

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Q & A

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