INX — Investor Presentation 2026

May 25, 2026

InnoLux

2026 First Half
Institutional Investor Conference

March 12, 2026

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INNOLux

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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INNOLUX

Agenda

Market Overview

Corporate Strategies

Financial Results

Q&A

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Executive Summary

INNOLUX

Sustained Transformation

• Diversification for NON-COMMODITY
• Product mix optimization for COMMODITY
• Bigger contribution of NON-DISPLAY

Continue to Lead in TSR

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INNOLUX

Key Product Application Highlights

TV

• Panel prices rebounded on World Cup stocking and maintenance-driven supply cuts; brands pulled in inventory
• 2026 panel area demand to grow ~6% YoY, led by ultra-large sizes.

Notebook

• Rising memory costs pressured BOM, leading brands to optimize panel spec selection
• Structural demand holds despite weak recovery; brands remain inventory-cautious

Monitor

• Monitor panel prices rose on TV price spillover and expected supply cuts.
• Brand pull-ins advanced demand of consumer models, easing low-season pressure.

Non-commodity (Industrial)

• On-Cell/In-Cell expands into industrial and mid-level HMI market with the advantages of slim form and cost.
• Other Self-emissive displays featuring high brightness and weatherability are available for high-end applications.

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INNOLUX

The Future of Naked-eye 3D displays

Total Addressable Market

Surgical Navigation and 3D Simulation
Enhancing diagnostic accuracy and surgical safety
Smart Healthcare
Unit: K pcs

Immersive Smart Gaming Displays
Real-time rendering and low lateness - 1mh
27"
Smart Gaming MNT
Unit: K pcs

3D Modeling and AI Creator Laptops
Seamless 2D/3D mode switching
16"
Smart Notebook
Unit: K pcs

CAGR: 80%
2026(F) 2027(F) 2028(F)

Source: Omdia, INX Marketing

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INNOLUX

Agenda

Market Overview

Corporate Strategies

Financial Results

Q&A

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INNOLUX

Long-Term Strategy to Create Shareholder Value

Maximize Shareholder Return
Increasing ROE & Capital Allocation
Return Lean Capex

Competitive Core Fabs
Facility
Optimal Asset Utilization
Asset-Light

Agile Product Mix
Capacity
Capacity Convergence

High-Margin Business
Profitability
Optimized Supply Chain Management

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Approaches to Increase ROE

INNOLUX

ROE

1 to 3 Years

1. Increase high-margin business revenue contribution
2. Diversification for NON-COMMODITY
3. Strategic margin expansion within COMMODITY
4. Bigger contribution of NON-DISPLAY

Reduce maintenance cost and capex

> 3 Years

Growth driver:
High-margin business with high entry barrier

Smart cockpit solution provider

CarUX | Pioneer

Pioneering in-Car user eXperience

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Innolux Semiconductor

INNOLUX

Chip-First (mass production)

☐ Better area utilization rate
☐ Higher throughput
☐ Better control in warpage, heat dissipation and voltage performance

RDL-First for Consumer AP

Fine pitch pattern for Al 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.

TGV for Al and HPC IC

High speed for generative Al and HPC applications

☐ TGV process on glass substrate
☐ Target large-size xPU, FPGA Al and HPC applications
☐ Better thermal stability and mechanical stability

INNOLux

as a FOPLP Glass Solution Provider

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Smart Cockpit Solution Provider

INNOLUX

December 2025

• The organizational structure, business operations, employee employment, and brand will be maintained.
• By effectively utilizing each other's management resources, the business foundation will be strengthened.

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Smart Cockpit Solution Provider

INNOLEX

2026 ~

CarUX	Pioneer
Major customers: American and European OEM manufacturers	Diversifying customer base	Strength of global commercial brand and major customers: Japanese OEM manufacturers
Advanced technological capabilities and knowledge of integrated solutions in the smart cockpit field	Expanding our product portfolio	Expertise in audio, multimedia systems and HMI software
Taiwan, Asia, Europe	Global R&D and manufacturing bases	Japan, Asia, Americas, Europe

Product diversification

Global market expansion

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Smart Cockpit Solution Provider

INNOLUX

Pioneering in-Car User eXperience

Grounded within these 5 areas of strength

1. 
   Strong OEM customer base as Tier 1 supplier

2. 
   One-stop shop for in-cabin experience

3. 
   Cutting-edge R&D capabilities to deliver premium solutions

4. 
   Best-in-class mfg. capabilities and footprint

5. 
   Cost-competitive & reliable products, esp. for mass market

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INNOLUX

Agenda

Market Overview

Corporate Strategies

Financial Results

Q&A

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INNOLUX

Operation Performance by Domain

Revenue share by domain

Gross margin by domain

Product Type	Revenue (NT$ million)			Average GM
	4Q25	QoQ (%)	% share	Y2025
Non-display	19,741	24%	35%	11-15%
Non-commodity	8,288	-16%	15%	16-20%
Commodity	28,713	-11%	50%	<5%

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INNOLUX

Statements of Comprehensive Income Highlights

(NT$ million)	4Q 2025		3Q 2025		QoQ %	4Q 2024
Net Sales	56,742	100.0%	57,818	100.0%	-1.9%	53,684	100.0%
Cost of Goods Sold	51,591	90.9%	53,258	92.1%	-3.1%	52,366	97.5%
Gross Profit	5,151	9.1%	4,560	7.9%	13.0%	1,318	2.5%
Operating Expenses	6,319	11.1%	5,535	9.6%	14.2%	5,640	10.5%
Operating Profit (Loss)	(1,168)	-2.1%	(975)	-1.7%	-19.9%	(4,321)	-8.0%
Net Non-operating Income (Exp.)	56	0.1%	1,359	2.4%	-95.9%	14,052	26.2%
Profit (Loss) before Tax	(1,113)	-2.0%	384	0.7%	-	9,730	18.1%
Net Profit (Loss)	66	0.1%	192	0.3%	-65.9%	9,145	17.0%
Net Profit (Loss) Attributable to Owners of Company	(19)	0.0%	67	0.1%	-	9,025	16.8%
Basic EPS (NT$) (1)(2)	(0.00)		0.01			1.13
EBITDA (3)	6,396	11.3%	6,313	10.9%	1.3%	3,291	6.1%
Depreciation & Amortization	7,564		7,287			7,613
Capital Expenditure	2,504		2,416			3,885

Notes:
1. Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares
2. Capital Stock (common): NT$79.9 billion as of December 31, 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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INNOLUX

Statements of Comprehensive Income Highlights

(NT$ million)	2025		2024		YoY %
Net Sales	226,724	100.0%	216,510	100.0%	4.7%
Cost of Goods Sold	208,067	91.8%	202,337	93.5%	2.8%
Gross Profit	18,657	8.2%	14,173	6.5%	31.6%
Operating Expenses	22,817	10.1%	22,092	10.2%	3.3%
Operating Profit (Loss)	(4,160)	-1.8%	(7,919)	-3.7%	47.5%
Net Non-operating Income (Exp.)	4,457	2.0%	16,147	7.5%	-72.4%
Profit (Loss) before Tax	296	0.1%	8,228	3.8%	-96.4%
Net Profit (Loss)	665	0.3%	6,727	3.1%	-90.1%
Net Profit (Loss) Attributable to Owners of Company	250	0.1%	6,473	3.0%	-96.1%
Basic EPS (NT$) ^{(1)(2)}	0.03		0.76
EBITDA ^{(3)}	25,561	11.3%	23,231	10.7%	10.0%
Depreciation & Amortization	29,721		31,150
Capital Expenditure	11,690		16,055

Notes:
1. Basic EPS = Net Income-Parent / Weighted Average of Outstanding Common Shares
2. Capital Stock (common): NT$79.9 billion as of December 31, 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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INNOLux

Consolidated Balance Sheet Highlights

(NT$ million)	2025.12.31	2025.9.30	2024.12.31
Cash & Short Term Investment	52,827	39,658	55,289
Inventory	47,891	37,470	42,447
Total Assets	384,293	322,152	358,088
Short Term Debt (1)	33,510	13,670	10,912
Long Term Debt	18,325	4,914	20,988
Total Equity (2)	223,473	219,687	233,541
Current Ratio	143%	166%	158%
Debt to Equity	23%	8%	14%
Net Debt to Equity	-0%	-10%	-10%

Notes:

1. Short term debt = short-term bank loan + current portion of long term loan
2. Capital Stock (common): NT$79.9 billion; Book value per common stock: NT$ 27.72 as of December 31, 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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INNOLUX

THANK YOU!

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