GUC — Interim / Quarterly Report 2023

Sep 1, 2023

© 2023 GUC Proprietary & Security B

7/27/2023

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2023 Second Quarter Results

IR Conference

07/27/2023

 2Q23 Financial Results  Business Update

Agenda

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© 2023 GUC Proprietary & Security B 3 7/27/2023
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Safe Harbor Notice

 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 forwardlooking 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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© 2023 GUC Proprietary & Security B 4 7/27/2023
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7/27/2023

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2Q23 Financial Results

© 2023 GUC Proprietary & Security B

2Q23 Statements of Comprehensive Income

© 2023 GUC Proprietary & Security B Unit: NT$M Revenues NRE Turnkey Others Gross Margin % SG&A Exp R&D Exp Operating Income % Non-Operating Items Income Tax Net Income % EPS (NT$)	nit: NT$M	2Q23 QoQ	1Q23	2Q22	YoY
	evenues NRE Turnkey Others ross Margin %	6,587 1% 1,266 -15% 5,168 4% 153 70% 1,919 -8% 29.1%	6,529 1,486 4,953 90 2,084 31.9%	5,381 1,588 3,729 64 1,893 35.2%	22% -20% 39% 139% 1%
	SG&A Exp	(231) 19% (750) -5%	(194) (787)	(241) (821)	-4%
	R&D Exp				-9%
	perating Income	938 -15%	1,103	831	13%
	%	14.2%	16.9%	15.4%
	on-Operating Items	95	(13)	65
	ncome Tax et Income %	(194) 839 -10% 12.7%	(156) 934 14.3%	(135) 761 14.1%	10%
	PS (NT$)	6.26 -10%	6.97	5.67	10%
		6

Statements of Comprehensive Income

Unit: NT$M Revenues NRE Turnkey Others Gross Margin SG&A Exp R&D Exp Operating Income Non-Operating Items Income Tax Net Income EPS (NT$)	Amount % 13,569 27% 4,614 34% 8,525 63% 430 3% 4,071 30.0% (603) -4.4% (2,504) -18.5% 964 7.1% 38 0.3% (152) -1.1% 850 6.3% 6.34 2020*	Amount % 15,108 11% 4,709 31% 10,087 67% 312 2% 5,230 34.6% (738) -4.9% (2,818) -18.6% 1,674 11.1% 67 0.4% (281) -1.8% 1,460 9.7% 10.90 2021*	Amount % 24,040 59% 6,539 27% 16,880 70% 621 3% 8,335 34.7% (946) -3.9% (3,290) -13.7% 4,099 17.1% 246 1.0% (635) -2.7% 3,710 15.4% 27.69 2022*	Amount % 13,116 33% 2,752 21% 10,121 77% 243 2% 4,003 30.5% (425) -3.2% (1,537) -11.7% 2,041 15.6% 82 0.6% (350) -2.7% 1,773 13.5% 13.23 1H 2023*
	Amount	Amount	Amount	Amount		Amount
	13,569 4,614 8,525 430	15,108 4,709 10,087 312	24,040 6,539 16,880 621	13,116 2,752 10,121 243		9,895 2,917 6,845 133
	4,071 (603) (2,504)	5,230 (738) (2,818)	8,335 (946) (3,290)	4,003 (425) (1,537)		3,521 (419) (1,638)
	964 38 (152)	1,674 67 (281)	4,099 246 (635)	2,041 82 (350)		1,464 75 (233)
	850	1,460	3,710	1,773		1,306
	6.34	10.90	27.69	13.23		9.74

* Revenue growth rate YoY

7/27/2023

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Business Update

© 2023 GUC Proprietary & Security B

2Q23 Revenue & Gross Margin

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YoY
+22%
QoQ
+1%
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YoY
-6.1ppt
QoQ
-2.8ppt
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2Q23 Revenue Breakdown

YoY

NRE:-20% QoQ Turnkey:+39% NRE: -15% Others:+139% Turnkey: +4% Others:+70%

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2Q23 OPEX & OPM

YoY

										YoY	YoY
										R&D:-9% SG&A:-4% OPM:+13%			QoQ R&D:-5% SG&A:+19%
													OPM:-15%
				% of Sales		2Q22		3Q22		4Q22			1Q23		2Q23
				R&D		15.3%		12.0%			11.4%		12.0%		11.4%
				SG&A		4.5%		4.0%			3.6%		3.0%		3.5%
				OPEX		19.8%		16.0%			15.0%		15.0%		14.9%
				OPM		15.4%		18.9%			18.4%		16.9%		14.2%
©	2023	GUC Proprietary & Security B								11							7/27/2023

2Q23 NPM & EPS

YoY

YoY

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-1.4 ppt QoQ
-1.6 ppt
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+10% QoQ
-10%
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Quarterly Sales Breakdown by Technology

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Sales(NT$M) $5,381 $6,062 $8,083 $6,529 $6,587
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Annual Sales Breakdown by Technology

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Sales(NT$M) $10,710 $13,569 $15,108 $24,040 $13,116
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Annual NRE Breakdown by Technology

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Sales(NT$M) $3,206 $4,614 $4,709 $6,539

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$2,752
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Annual Turnkey Breakdown by Technology

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Sales(NT$M) $7,189 $8,525 $10,087 $16,880 $10,121
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Annual Sales Breakdown by Region

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Sales(NT$M) $10,710 $13,569 $15,108 $24,040 $13,116

Annual Sales Breakdown by Application

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Sales(NT$M) $10,710 $13,569 $15,108 $24,040 $13,116

Annual Sales Breakdown by Customer Type

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Sales(NT$M) $10,710 $13,569 $15,108 $24,040 $13,116
© 2023 GUC Proprietary & Security B 19 7/27/2023
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© 2023 GUC Proprietary & Security B

7/27/2023

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Thank You for your attention