INX — Investor Presentation 2023

May 26, 2023

2023 First Half Institutional Investor Conference

March 2, 2023

Disclaimer

Innolux Corporation's statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward-looking statements. These forward-looking statements are not guarantees of future performance and therefore one should not place undue reliance on them. 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.

Agenda

1. Market Overview

• 2. Entering India Market with Local Partner
• 3. Corporate Operation and Strategies
• 4. Financial Results
• 5. Conclusions/Q&A

New industry discipline built on low inventory and utilization rate

• The cut-throat competition ended due to the lowest inventory level and most rigid utilization control in 2022.
• Market revival is expected with the supply-demand balance and the ease of war and inflation.

CarUX continues growing in high-end automotive panel market

• The boom of EV facilitates CarUX's growth in high-end automotive panel market which marked a 58% YoY revenue increase in FY 2022, accounting for more than 20% of Innolux revenue in 4Q22 (vs. 7.9% in 4Q21). The CAGR over 2020-2022 reached 30%.
• CarUX will continue to seek strategic partners to provide complete solutions including cockpit entertainment, automated driving systems and charging pile display to customers.

Entering India market with local partner

Phase I Key Remarks

2022 Smart Display Industrial Alliance (SDIA) Bronze Award 2022 National Innovation Award- Innovator Award	Honors	BMW Supplier Innovation Award 2022
Net margin 11% (FY2022)  EPS NTD 5.6 (FY 2022)  Expect to become publicly listed in 2023 	Key Facts	Account for +20% Innolux revenue (4Q22 )  Revenue NTD c40 billion (FY 2022)  Capital raising for future expansion 
Worldwide No. 1 supplier of X-ray TFT 	Market & Strategy	Tier 1 supplier for global auto brands  Full Large Information Display Module brings  user experience to next level

Phase II : More than panel

2022Q4 Statements of Comprehensive Income

(NT\$ million) 4Q 2022 3Q 2022 QoQ % 4Q 2021 Net Sales 47,913 100.0% 48,015 100.0% -0.2% 79,917 100.0% Cost of Goods Sold 55,078 115.0% 57,015 118.7% -3.4% 67,776 84.8% Gross Profit (7,165) -15.0% (9,000) -18.7% -20.4% 12,140 15.2% Operating Expenses 5,622 11.7% 6,383 13.3% -11.9% 7,097 8.9% Operating Profit (Loss) (12,788) -26.7% (15,383) -32.0% -16.9% 5,043 6.3% Net Non-operating Income (Exp.) 838 1.7% 3,162 6.6% -73.5% 1,466 1.8% Profit (Loss) before Tax (11,950) -24.9% (12,221) -25.5% -2.2% 6,510 8.1% Net Profit (Loss) (12,386) -25.9% (12,720) -26.5% -2.6% 5,955 7.5% Net Profit (Loss) Attributable to Owners of Company (12,393) -25.9% (12,746) -26.5% -2.8% 5,942 7.4% Basic EPS (NT\$)(1)(2) (1.30) (1.27) 0.56 EBITDA(3) (5,075) -10.6% (7,468) -15.6% -32.0% 13,969 17.5%

Depreciation & Amortization 7,713 7,915 8,925 Capital Expenditure 5,297 4,600 10,601

Selected Items from Statements of Comprehensive Income

Notes:

1. Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares

2. Capital Stock (common): NT\$95.6billion as of December 31, 2022

3. EBITDA = Operating Income + Depreciation & Amortization

4. All figures are prepared by Innolux Corporation in accordance with the International Financial Reporting Standards as endorsed in TIFRS.