GUC — Interim / Quarterly Report 2021

Jun 21, 2021

Global Unichip Corp.

GUC Proprietary & Confidential Security C

• 1Q21 Financial Results

• Business Update

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• GUC’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 statement, whether as a result of new information, future events, or otherwise.

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1Q21 Financial Results

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(Unit: NT$M)	1Q21 QoQ	4Q20	1Q20	YoY
Revenues NRE Turn Key Others Gross Margin %	3,312 -16% 1,234 -37% 2,034 7% 44 -58% 1,143 -31.1% 34.5%	3,944 1,946 1,893 105 1,658 42.0%	3,170 777 2,377 16 765 24.1%	4% 59% -14% 175% 49%
SG&A Exp	(140) -32% (649) -13%	(207) (747)	(129) (562)	9%
R&D Exp				15%
Operating Income	354 -50%	704	74	378%
%	10.7%	17.8%	2.3%
Non-Operating Items	14	(10)	56
Income Tax Net Income %	(60) 308 -49% 9.3%	(86) 608 15.4%	(31) 99 3.1%	211%
EPS (NT$)	2.30	4.53	0.74

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YoY
+4%
QoQ
-16%
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YoY
+10.4ppt
QoQ
-7.5ppt
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NRE Turnkey Others Unit:NTM	QoQ NRE:-37% Turnkey:7% Others:-58% YoY NRE:59% Turnkey:-14% Others:175%
	1Q20 2Q20 3Q20 4Q20 1Q21 777 516 1,375 1,946 1,234 2,377 2,168 2,087 1,893 2,034 16 243 66 105 44

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% of Sales R&D SG&A OPEX OPM 0 200 400 600 800 1000 1200 1400 1600 1800 Unit:NTM	1Q20 2Q20 3Q20 4Q20 1Q21 17.7% 20.0% 17.3% 18.9% 19.6% 4.1% 4.4% 3.9% 5.2% 4.2% 21.8% 24.4% 21.2% 24.2% 23.8% 2.3% 2.0% 3.6% 17.8% 10.7% QoQ R&D:-13% SG&A:-32% OPM:-50% YoY R&D:+15% SG&A:+9% OPM:+378% 74 ~~60~~ 126 704 354 129 128 139 207 140 562 585 610 747 649 1Q20 2Q20 3Q20 4Q20 1Q21 R&D SG&A OPM

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YoY
QoQ
+6.2ppt
-6.1ppt
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YoY
QoQ
+211%
-49%
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Business Update

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40nm & Above 28nm 16nm 7nm & Below
2%
100%
10%
18% 12%
10% 15%
13%
80%
21% 25%
41% 40%
60% 33%
20% 18%
40% 17%
47% 44%
20% 41% 42%
31%
0%
1Q20 2Q20 3Q20 4Q20 1Q21
Sales(NT$M) $3,170 $2,927 $3,528 $3,944 $3,312
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40nm & Above 28nm 16nm 7nm & Below
1%
100% 4%
11%
19%
15%
25%
16%
80%
22%
12%
25%
60% 28% 37%
26%
27%
18%
40%
20% 46% 43% 43% 40% 42%
0%
2017 2018 2019 2020 1Q21
Sales(NT$M) $12,161 $13,460 $10,710 $13,569 $3,312
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Annual NRE Breakdown by Technology

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40nm & Above 28nm 16nm 7nm & Below
100% 4%
8%
18%
26%
19%
41%
80%
42%
37%
60%
42%
50%
40%
39%
32%
31%
20% 20%
27% 10%
18%
14% 12%
10%
0%
2017 2018 2019 2020 1Q21
Sales(NT$M) $2,642 $4,079 $3,206 $4,614 $1,234
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Annual Turnkey Breakdown by Technology

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40nm & above 28nm 16nm 7nm & Below
100%
3%
3% 12%
19% 17%
28%
80% 1%
38% 31% 22%
23%
60% 20%
40%
61%
57% 56% 57%
52%
20%
0%
2017 2018 2019 2020 1Q21
Sales(NT$M) $9,266 $9,168 $7,189 $8,525 $2,034
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Taiwan USA China Japan Korea Europe
100%
6% 5%
11% 10% 10%
8%
16%
9%
13% 15%
80%
8%
27% 12% 6% 18%
60%
15% 23%
33%
17% 22%
40%
35% 26%
21% 18%
21%
20%
18% 21% 20% 21%
15%
0%
2017 2018 2019 2020 1Q21
Sales(NT$M) $12,161 $13,460 $10,710 $13,569 $3,312
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AI/ML Networking Digital Consumer Industry Others
100%
7% 6%
14%
25% 14%
15%
30%
80% 11%
11%
14%
60%
47%
51% 47%
48%
40% 35%
20% 22%
19%
24%
16%
11%
11%
8%
0% 5% 5% 4%
2017 2018 2019 2020 1Q21
Sales(NT$M) $12,161 $13,460 $10,710 $13,569 $3,312
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Annual Sales Breakdown by Customer Type
System House Fabless
100%
28% 27%
33% 33%
80% 38%
60%
40%
72% 73%
67% 67%
62%
20%
0%
2017 2018 2019 2020 1Q21
Sales(NT$M) $12,161 $13,460 $10,710 $13,569 $3,312
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