INX — Investor Presentation 2025

Aug 1, 2025

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2025 Second Half Institutional Investor Conference August 1, 2025

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.

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Agenda Market Overview 1 Corporate Strategies 2 Financial Results 3 Q&A 4

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Executive Summary

Key business approaches

1. Mitigate regulatory and market volatility

2. Tariff – work closely with customer to fulfill their strategic plans

3. • Strong Taiwanese dollar – strengthen resilience and product portfolios

4. Steady pace towards transformation

5. Expand high-margin business

6. • Develop semiconductor business to grab the chance of AI

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Market Highlights

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TV Notebook
•
16:10 NB: market share continues
•
Size Growth: 2025 Global LCD TV
to grow in 2025 with to reach 53%
expected average size growth 0.7”
in 2025
YoY
•
AI PC: market share to reach 22%
•
Balanced Capacity: Ultra large-
in 2025
size (>85”) TV shipment grows
•
Enhanced spec: Commercial and AI
38% YoY and help digest existing
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• Balanced Capacity: Ultra largesize (>85”) TV shipment grows 38% YoY and help digest existing capacity

• Enhanced spec: Commercial and AI PC emphasize light weight, low power consumption and better duration

Non commodity (Industrial)

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• System integration: one-stop solution to embed panel and touch module

• On-Cell touch adoption in industrial product to enhance integration and cost efficiency

• Mini LED for industrial, marine and casino gaming aspect; and Micro LED for transparent application

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Mild growth for Industrial Market in 2025

Edge AI as driving force

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Smart Healthcare
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Smart Museum
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Smart Education
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Smart Office
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Smart Transportation
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W/W Industrial Display Shipment
Unit: M_pcs YoY%
183.0
181.3 2024 2025 (F) 2026 (F)
177.3 Shipment boosted by
emerging niche products
5.4%
2.2% 1.3%
0.9%
3.6%
0.6%
0.5% 0.4% 0.2% 0.3%
66.2
Limited growth 62.0 62.8
in saturated
market
18.4 18.5 18.6
8.7 8.8 9.0 12.3 12.3 12.4
Smart home&Office Industrial Transportation Retail Health care
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Source: Omdia, INX Marketing

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Innolux Micro LED Development Plan

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Transparent Display
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High Brightness Display (HUDs)
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Agenda Market Overview 1 Corporate Strategies 2 Financial Results 3 Q&A 4

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Long-Term Strategy to Create Shareholder Value

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Profit
Margin
Increasing
Maximize
ROE & Capital
Capacity
High-Margin Allocation Shareholder
Business Return
Return
Agile
Product Mix
Competitive Profitability
Lean Capex
Core Fabs
Optimized
Capacity
Supply Chain
Facility Management
Capacity
Convergence
Optimal
Asset
Utilization
Asset-Light
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CarUX and Pioneer Join Forces to Set the Global Benchmark for Smart Cockpit Experiences

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Key rationale and synergies
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Benefit to CarUX / customers
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Customer Landscape / Cross-Selling Opportunities

• Pioneer’s strong relationships with key Japanese OEMs complement CarUX’s existing US & EU customer portfolio

Expanded customer base and opportunity for cross-sell

• Serving global OEMs across segments, with significant cross-selling aligned to both businesses’ growth strategies

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Joint Product Development

• Strong joint product development potential, particularly in IC solutions by combining R&D resources

Enhanced technological offering and solution line-up

• Combined entity positioned as a leader with cutting-edge and comprehensive solutions for OEMs and consumers

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Vertical Integration and Procurement Synergies

• Vertical integration with CarUX display units direct supply to Pioneer for operation efficiency and potential cost savings

Optimized and cost competitive sourcing

• Significant procurement synergies by procuring overlapping materials on a larger scale from a shared supplier base

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Manufacturing Capacity

• Pioneer’s manufacturing capacity outside of the Greater China offers strategic production flexibility for global operations

• Optimize combined manufacturing capacity through integrated, reorganized production lines

Robust product quality and consistent supplying capability

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AI Drives Revolutions Across Industries

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Strategic Expansion Beyond Display

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 HPC/ AI IC
 High-end display
application
(ex. AR Glasses)
Micro LED
FOPLP
(Fan-out Panel Level Packaging)
As a next-generation light source
advanced IC packaging
1.Chip-First
2.RDL-First
3. TGV
AI
As a more reliable light
Enhance the speed of source to reduce heat and
optical transceiver material cost
modules
CPO
Shareholder of
(Co-Packaged Optics 矽光子), for better
computing performance and lower power
consumption
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Innolux FOPLP Advanced Packaging Value Chain

• TGV for AI and HPC IC

• Chip-First for PMIC and RF IC Low contact resistance, high breakdown voltage

• IC package in RF, PMIC, Audio, Automotive Radar, for shorter interconnection and cost efficiency

• RDL-First for Consumer AP

Fine pitch pattern for AI and HPC chip-let packaging

• RDL fan-out substrate provides a cost-competitive solution for chip-let applications with fine pitch patterns.

• Strip (95x240mm) or sub-panel (297x240) format delivery.

High speed for generative AI and HPC applications

• TGV process on glass substrate

• Target large-size xPU, FPGA AI and HPC applications

• Better thermal stability and mechanical stability

Ex. 77GHz Radar transceiver Chip-First for High Frequency

Ex. 650V DC/DC convertor

as a FOPLP Glass Solution Provider

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FOPLP Enables More Efficient and Lower-Cost Advanced Packaging

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FOPLP’s Larger Area Cost Savings - Wafer vs. Panels
(Area, sq.mm)
6.6x
vs. 12” Wafer Area
500,000
400,000 4.9x
3.7x
300,000
200,000
1.3x
12" Wafer 300 x 300 600 x 600
1.0x
100,000
0%
0
12" Wafer 300 x 300 510 x 510 600 x 600 620 x 750
-5%
FOPLP’s Higher Throughput
Panel 510 x 515 -10%
vs. 12” Wafer Throughput
Panel
12” Wafer -15%
300 x 300
Chip Size
-20% (sq.mm)
-25%
Reticle
< 8x8
2x 3.5x 7.5x 7.5x 7.5x
Size
-30%
Unit 28 16 6 12
35
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Chip Size
(sq.mm)
30x30 to 39x39
9x9 to 29x29
< 8x8
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Source: Yole、Company Data

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Agenda Market Overview 1 Corporate Strategies 2 Financial Results 3 Q&A 4

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Operation Performance by Domain

Revenue share by domain

Gross margin by domain

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100%
22%
25% 24% 26% 25%
28%
Revenue (NT$ million) Average GM
80%
8% Product Type
8% 10%
14% 16% 2Q25 QoQ (%) % share 1H2025
16%
60%
Non-display 15,442 9% 28% 11-15%
40%
70% Non-commodity 9,114 2% 16% 16-20%
67% 66%
60% 59%
56%
20% Commodity 31,676 -3% 56% 6-10%
0%
1Q24 2Q24 3Q24 4Q24 1Q25 2Q25
Commodity (TV, IT, Tablet, MP) Non-commodity (commercial products) Non-display (X-ray, automotive)
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Statements of Comprehensive Income Highlights

(NT$ million)		2Q 2025 56,231 100.0% 51,519 91.6% 4,712 8.4% 5,490 9.8% (778) -1.4% 244 0.4% (534) -1.0% (677) -1.2% (761) -1.4% (0.10) 6,623 11.8% 7,401 3,255	1Q 2025		QoQ % 0.5% -0.3% 11.3% 0.3% 37.2% -91.3% - - - 6.3%	2Q 2024 56,861 100.0% 51,150 90.0% 5,711 10.0% 5,347 9.4% 364 0.6% 1,118 2.0% 1,482 2.6% 1,184 2.1% 1,131 2.0% 0.12 8,213 14.4% 7,849 3,782
Net Sales Cost of Goods Sold Gross Profit Operating Expenses Operating Profit (Loss) Net Non-operating Income (Exp.) Profit (Loss) before Tax Net Profit (Loss) Net Profit (Loss) Attributable to Owners of Company Basic EPS (NT$)(1)(2)			55,932 100.0% 51,699 92.4% 4,234 7.6% 5,473 9.8% (1,239) -2.2% 2,798 5.0% 1,559 2.8% 1,084 1.9% 962 1.7% 0.12
EBITDA(3)			6,230 11.1%
Depreciation & Amortization Capital Expenditure			7,469 3,515

Notes:

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

2. Capital Stock (common): NT$79.9billion as of June 30, 2025

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.

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Consolidated Balance Sheet Highlights

(NT$ million) Cash & Short Term Investment Inventory Total Assets Short Term Debt(1) Long Term Debt Total Equity(2) Current Ratio Debt to Equity Net Debt to Equity		2025.6.30		2025.3.31 48,595 40,683 345,321 19,229 4,174 235,897 152% 10% -11%	2024.6.30 50,631 38,415 360,098 9,246 28,548 234,275 155% 16% -5%
		39,280 37,549 317,451 18,259 3,974 214,964
		154% 10% -8%

Notes:

1. Short term debt = short-term bank loan + current portion of long term loan

2. Capital Stock (common): NT$79.9 billion; Book value per common stock: NT$ 26.69 as of June 30, 2025

3. Net debt to equity = (short term debt + long term debt – cash & short term investment) / total equity

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

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Q & A

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The information contained in this file is the exclusive intellectual property or confidential document of Innolux Corporation ("INX"), and shall not be distributed, reproduced, or disclosed in whole or in part without prior written permission of INX. INX shall not be liable for any information and unauthorized misuse, abuse, modification of this file.

www.Innolux.com

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