KYEC — Interim / Quarterly Report 2024

Nov 25, 2024

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京元電子股份有限公司 King Yuan Electronics Co., Ltd

Q3’24 Operation Results

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Safe Harbor Notice

 This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors.

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Consolidated Operating Results Summary

Exclude revenue of Subsidiary in China

(NT $ Millions)		Q3'24	Q2'24 Q2'23
Net Revenue (exclude Subsidiary in China)		7,038.7	6,543.2 6,235.7
Gross Margin (exclude Subsidiary in China)		35.9%	35.3% 33.7%
Profit Attributable to the Company		2,478.0	1,902.8 1,539.0
EPS Attributable to the Company- Diluted (NT$)		2.02	1.55 1.25

Below data include Subsidiary in China

• Q3’24 Depreciation & Amortization : 1,554.6(NT $ Millions)

• Q3’24 Return on Equity : 24.5%

• Q3’24 EBITDA : 4,718.6(NT $ Millions)

• Q3’24 EBITDA Margin : 49.1%

EBITDA = Operating Income + Depreciation & Amortization EBITDA Margin = Annualized return on equity to the Company for the quarter

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Consolidated Statements of Comprehensive Income Exclude revenue of Subsidiary in China

(NT $ Millions) Net Revenue Gross Profit Gross Margin Operating Expenses Operating Profit Operating Profit Margin Non-operating Income (Expenses) Profit Attributable to the Company EPS Attributable to the Company- Basic (NT$) Weighted Average Shares Outstanding (in thousands)- Basic EPS Attributable to the Company - Diluted (NT$) Weighted Average Shares Outstanding (in thousands)- Diluted	7,038.7 2,526.9 35.9% -758.8 1,768.1 25.1% 67.2 2,478.0 2.03 1,222,745 2.02 1,228,276 Q3'24	6,543.2 2,307.4 35.3% -710.9 1,596.4 24.4% -219.5 1,902.8 1.56 1,222,745 1.55 1,225,690 Q2'24	7.6% 9.5% 0.6ppts 6.7% 10.8% 0.7ppts 130.6% 30.2% 30.1% 0.0% 30.3% 0.2% QoQ	6,235.7 12.9% 2,103.9 20.1% 33.7% 2.2ppts -710.5 6.8% 1,393.4 26.9% 22.3% 2.8ppts -47.6 241.2% 1,539.0 61.0% 1.26 61.1% 1,222,745 0.0% 1.25 61.6% 1,228,725 0.0% Q3'23 YoY

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Income statement

Include revenue of Subsidiary in China, for reference only

NT$ Millions Net Revenue COGS Gross Profit Operating expense Operating Profit Net Profit	Q3'24	Q2'24 QoQ Q2'23 YoY
	9,613.9 (5,470.0) 4,143.8 (979.8) 3,164.0 2,584.6	9,035.3 6.4% 8,593.7 11.9% (5,371.5) 1.8% (5,531.8) -1.1% 3,663.8 13.1% 3,061.9 35.3% (970.7) 0.9% (1,013.8) -3.4% 2,693.1 17.5% 2,048.1 54.5% 1,980.3 30.5% 1,592.5 62.3%

Note: Q3’24 and Q2’24 data unaudited, for reference only

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Q3’24 Revenue Breakdown By Process Exclude revenue of Subsidiary in China

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By Process
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Burn-in,
(NT$
Others, 5.3%
6.8% Wafer Millions)
probe, Others
Assembly,
7.1% 34.0% 1,000 QoQ 1.9%
500
0
Final test, Q2'24 Q3'24
46.8%
Wafer Probe Final test Assembly Burn-in
QoQ 49.6%
6,000 1,000
5,000 QoQ -3.0% 6,000 QoQ 16.1% 3,000 QoQ -9.4%
4,000
3,000 4,000 2,000 500
2,000
2,000 1,000
1,000
0 0 0 0
Q2'24 Q3'24 Q2'24 Q3'24 Q2'24 Q3'24 Q2'24 Q3'24
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Q3’24 Revenue Breakdown By Applications Exclude revenue of Subsidiary in China

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By Applications
(NT$
Others, 1.6%
Millions)
Industrial, 7.1% Automotive,
12.3% Others
Data Processing, QoQ 76.0%
Communicatio 120
21.0%
n, 23.0% 100
80
60
40
20
0
Q2'24 Q3'24
Consumer,
35.0%
Consumer Communication Automotive Data processing Industrial
6,000 QoQ 0.4%
QoQ 19.8%
2,000 QoQ 9.1%
5,000 2,000
6,000 QoQ 1.1% 2,000 QoQ 32.1%
4,000 5,000 1,500 1,500
3,000 4,000 1,500
1,000
3,000 1,000
2,000 1,000
2,000
500
1,000 1,000 500 500
0 0 0
Q2'24 Q3'24 Q2'24 Q3'24 Q2'24 Q3'24 0 0
Q2'24 Q3'24 Q2'24 Q3'24
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Consolidated Statements of Financial Position & Key Indices

Selected Items from Consolided Statements of Financial Position

(NT $ Millions) Amount % Current Assets 42,195.1 51.1% Non-current Assets 40,381.6 48.9% Total Assets 82,576.7 100.0% Current Liabilitiess 15,178.2 18.4% Non-current Liabilities 24,416.7 29.5% Total Liabilities 39,594.9 47.9% Total Equity 42,981.8 52.1% Total Equity and Liabilities 82,576.7 100.0% Key Indices A/R Turnover Days Q3'24 79	Amount % Amount % 40,172.6 50.5% 21,051.5 28.6% 39,427.6 49.5% 52,433.8 71.4% 79,600.2 100.0% 73,485.3 100.0% 18,740.6 23.5% 7,760.4 10.5% 20,303.8 25.6% 27,327.6 37.2% 39,044.4 49.1% 35,088.0 47.7% 40,555.8 50.9% 38,397.3 52.3% 79,600.2 100.0% 73,485.3 100.0% Q2'24 Q3'23 83 79

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Consolidated Statement of Cash Flows

(NT $ Millions) Cash and Cash Equivalents at Beginning of Period Net Cash Generated from (used in) Operating Activities Net Cash Generated from (used in) Investing Activities Net Cash Generated from (used in) Financing Activities Effect of Exchange Rate Change on Cash Cash and Cash Equivalents at End of Period Free Cash Flow	Q3'24	Q2'24 Q2'23
	13,046.5 4,335.4 -3,419.5 -117.1 -12.5 13,832.8 -3,920.3	14,241.2 9,849.0 3,999.4 4,130.1 -3,090.0 -1,958.6 -2,101.4 -1,156.6 -2.7 12.2 13,046.5 10,876.1 755.3 -2,528.2

Note: Free Cash Flow =

Operating Income + Depreciation&Amorization + Interest income – CapEx – Non-controlling interests – Interest fee– Tax expense - Cash dividends

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Q3’ 24 Capital Expenditures

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CapEx (include China subsidiary)
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CapEx Breakdown (include China subsidiary)
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Others, 3.1% Wafer probe, 3.4%
Facility,
33.5% Final test, 51.8%
Burn-in, 7.1%
Assembly,
1.1%
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(NT$ Millions)
13,963.1
15,000
10,391.6
7,726.3
10,000
5,000 3,187.1 3,776.6
0
2021 2022 2023 Q2'24 Q3'24
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CapEx (exclude China subsidiary)
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CapEx Breakdown (exclude China subsidiary)
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(NT$ Millions)
12,000
10,199.1
10,000
8,000 6,578.6
4,806.0
6,000
3,197.7
4,000
1,981.0
2,000
0
2021 2022 2023 Q2'24 Q3'24
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Others, 3.4% Wafer probe, 4.1%
Facility,
Final test, 47.6%
35.5%
Burn-in, 9.0%
Assembly,
0.4%
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Company website

http://www.kyec.com.tw

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