Laster Tech — Investor Presentation 2018

Mar 12, 2018

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www.lastertech.com

Disclaimer Statement

• The information contained in this document wasn’t verified by an independent third party. LASTER TECH CO., LTD. does not responsible for the accuracy, fairness, and completeness of any information contained in this document. You should not assume any information in this document to be accurate, fair, nor complete. The information or opinions contained in this document is provided on a specified date, which LASTER TECH CO., LTD. reserves all right to update.

• LASTER TECH CO., LTD. has no obligation to notify you of any updates after a specific date or any development of information in the documents. LASTER TECH CO., LTD. will not accept any liability for any loss resulting from the use of this document or its contents or for other reasons related to this document. This document does not constitute an offer or solicitation of an offer of purchase or acquisition to sell or issue shares of LASTER TECH CO., LTD. or any of its subsidiaries or related parties in any jurisdictions, does not serve as a part an offer or incentive, nor should be interpreted as such. Any part thereof or distribute the facts does not constitute the basis of any contract or commitment, and should not be relied upon in respect of any contract or commitment.

LASTER TECH CO., LTD.

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Company Profile

• ➢ Since：1999, Aug-27th

• ➢ Capital：NTD 682.840 M

• ➢ CEO：Mei -Shiu , Liu

• ➢ Major Products﹕LED Automotive Lighting 、LED General Lighting etc.

• ➢ HQ：New Taipei City, Taiwan. Employee: 51.

➢ Factories：Shanghai, China，Employee:950 DG, China，Employee:400 Others，Employee:14

• ➢ Date of Listing：2016/12/19

LASTER TECH CO., LTD.

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History

FY 2016IPO on TSE.

FY 2015Obtain OLSA certificate and
sales orderto manufacture BENZ auto
lighting.

FY 2012 Laster went pubic and registered in
emerging market。

FY 2008Laster (Shanghai) was established to develop
auto lighting LED module and became car factory supplier.

FY 2005 Laster Zhonghefactory was established to engage in
manufacturing and sales of auto lighting.

FY 20021.Act as Osram’sLED series products agent.
2.Laster (Donguan)was established to engage in LED
package test.

FY 2001Act as LumiledsLighting (Philips) TS chips Asia main agent.

FY 1999Laster Tech Co, LTD. was established in 1999and engaged in LED sales.

LASTER TECH CO., LTD.

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Locations

Li San(Shanghai) International Trade Ltd. Laster Tech Shanghai Branch Laster Tech Taiwan Headquarter Windlux International CO., LTD Laster Tech Dongguan Branch Laster Tech Shenzhen Branch Laster Tech Thailand Branch

All Subsidiary are 100% owned by Lastertech

LASTER TECH CO., LTD.

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Products

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LED Automotive Lighting
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LED General Lighting
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We provide service with Vertical integration

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LED Chip Products
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LASTER TECH CO., LTD.

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Financials Income Statements

Units： Thousand dollars ；％；NT

	2013	2014	2015	2016	2017/1-3Q
Gross Sales	1,733,730	1,987,643	2,740,041	3,585,383	2,703,464
Cost of Goods Sold	1,387,653	1,545,225	2,287,898	2,871,556	2,186,248
Gross Profit	346,077	442,418	452,143	713,827	517,216
Gross Margin(%)	20.00%	22.30%	16.50%	19.91%	19.13%
Operating Expense	274,722	319,714	362,596	441,342	349,816
Operating Profit	71,355	122,704	89,547	272,485	167,400
Operating Margin(%)	4.10%	6.20%	3.30%	7.60%	6.19%
Non-Operating Income (Expense)	35,752	4,538	-5,025	-24,203	12,276
Income Tax	-33,728	-48,358	-14,180	39,125	(28,066)
Net Income	73,379	78,884	70,342	209,157	151,610
EPS(NTD)	1.46	1.43	1.27	3.45	2.22

LASTER TECH CO., LTD. 7

Financials Sales revenue

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Units ： Million dollars: NT
4,500 The penetration 4,095
4,000
rate of LED lamps is
3,579
rising
3,500
3,000
2,740
2,500
1,988
2,000
1,733
3,868
3,383
1,500
1,215
1,028 2,551
1,000
1,768
1,165
500
822
552
-
2011 2012 2013 2014 2015 2016 2017
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LED Automotive Lighting
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LED Chip Products
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LED General Lighting
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LASTER TECH CO., LTD.

Financials Sales by Quarter

Units： Million dollars: NT

- 200 400 600 800 1,000 1,200 1,400 1,600	415422 546 604 685 661 613 781 677 824858 1,221 1018 752 926 1,394

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LASTER TECH CO., LTD.

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Revenue trend for led lightning parts

Units： Thousnd dollars: RMB

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400,000 Headlamps grow rapidly in these four years
350,000
300,000
250,000
200,000
150,000
100,000
50,000
-
2014 2015 2016 2017
RCL DRL Head lamp Other
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LASTER TECH CO., LTD. 10

LED Auto lighting Industry

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-
LED LasterTech
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-
Great Wall (Car maker)
Tier 1
LED Lamp- S.kioto Car maker
Module lamp car maker
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LASTER TECH CO., LTD. 11

LED Auto lighting Customers & Markets

Major customers

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1. S.Kioto
1
2. Great Wall
3
2
3. Varroc TYC Auto Lamps
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LASTER TECH CO., LTD. 12

ODM/OEM Customers

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LASTER TECH CO., LTD. 13

Y2017 China Vehicle Sales Market

Uint﹕tenthousand

No.	Manufacturers	Y2017	Y2016	YOY	LasterTech
		Sales	Sales		Supply
1	SAIC VOLKSWAGEN	206.31	200.02	3.14%	Y
2	SAIC-GM	199.87	188	6.31%	Y
3	FAW- VOLKSWAGEN	195.72	187.24	4.53%	Y
4	SGMW	189.48	187.82	0.88%	Y
5	Dong feng NISSAN	125.1	111.79	11.91%	Y
6	Geely Automobile	124.8	79.92	56.16%	Y
7	CHANGAN	112.83	121.96	-7.49%	Y
8	Great Wall	95.03	96.89	-1.92%	Y
9	Ford	82.8	94.38	-12.27%	Y
10	Beijing Hyundai	78.5	114.2	-31.26%	N
Top 10 Total		1,410.44	1,382.22	2.04%
Top 10 Market Share		57.08%	56.70%

LASTER TECH CO., LTD. 14

LED Auto lighting products design flow

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➢ More brightness
➢ Shorter actuation
time
➢ Longer product life
Conceptual Design
Optical Design Mechanical Structure
Electrical Design
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LASTER TECH CO., LTD. 15

LED Auto lighting Marketing Trend

LED car lights marketing penetration(2012-2020)

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Finally,all
traditional lamp
lights will be
replaced with
LED lamps
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．Source：SNE Research

LASTER TECH CO., LTD.

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http://www.sneresearch.com/eng/service/report_show.php?mode=show&id=838

R&D Core Values

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機構
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 Integration design service with Optics,mechanism,heat dissipation,electronic

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電子
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• Customized

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• Comply with regulations

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核心價值
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光學
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散熱
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LASTER TECH CO., LTD. 17

Marketing Trend: Penetration

Exterior parts will be equipped for led lights

Helogen & HID

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LED head & DRL LED rear light

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LED brake light

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LED lamp module ASP will rasing on each car

LASTER TECH CO., LTD. 18

Penetration Explanation

Assume an annual car sales unchanged

Third brake light RCL Direction light Reversing light

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Delivery of a set of headlamps equals delivery of ten taillights

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Head lamps Direction light

DRL

Fog Light

LASTER TECH CO., LTD. 19

Vision - Electronic functions complexity

LED Matrix headlamp

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Sequence light

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A driver can feed the ADAS information to tell the headlights what to do according to the real-time location of an oncoming vehicle.

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Detecting pedestrian location

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LED lights electronic functions more complex, average of each LED lamp module unit price higher!

LASTER TECH CO., LTD.

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Vision LED Head Lamp

Advantage

• Energy &Power saving

• Long Life

• Brightness brighter

• Start reaction fast

• Smaller size with flexible design

• Color temperature close to sunlight

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LASTER TECH CO., LTD. 21

Vision New Energy Vehicle(NEV)

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Advantage

• Energy &Power saving

• Low noise

• Economical

• Easy to maintain

• Policy offers

NEV must use LED lamp as light source

The company has so far got a number of orders for NEV

LASTER TECH CO., LTD.

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Successful cases

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2014 Lacrosse RCL

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Excelle 2008 RCL

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GM

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GL8 RCL
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GM Lacrosse 2009 RCL

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LASTER TECH CO., LTD.

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Successful cases

GREAT WALL

Haval H2 FP/FT DRL

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Volkswagen

2012 Passat DRL

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Haval H6 DRL

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2016 Magotan RCL

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LASTER TECH CO., LTD. 24

Successful cases

HONDA

Vezel RCL

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TOYOTA

Corolla HEV DRL

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Chang'an

CS75 RCL HID

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Qoros

CS75 RCL HID

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LASTER TECH CO., LTD.

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Successful cases

Jaguar XF Headlamp

Mercedes Benz ClassA RCL

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LASTER TECH CO., LTD. 26

Thank you Q & A

www.lastertech.com

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