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LOTES Investor Presentation 2025

May 14, 2025

52339_rns_2025-05-14_ec665e97-152d-4b3a-b70f-0810f9f8ddaa.pdf

Investor Presentation

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嘉澤端子工業股份有限公司

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1

Executive Summary

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  • ✓ LOTES specializes in the design and manufacture of inter-connect solutions for Server, PC, Automotive, Industrial and Medical. According to Bishop & associate, LOTES rank no.4 in computer and peripherals and no.18 worldwide.

  • ✓ As world wide top 3 CPU sockets supplier, LOTES is being selected by many customers as their strategic partner. Thus, LOTES has more chance to co-develop the front-end products with them.

  • ✓ Being a connector and socket leading supplier in Server and PC industry, we see more and more opportunities in the upcoming generation.

經營綜合報告

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  • ✓ LOTES 為一專業設計及製造連接器／連接線給伺服 器、個人電腦、汽車、工控及醫療的廠商。依 Bishop 統計，在電腦暨週邊連接器廠商中 LOTES 全 。

  • 球排名第四，不分行業別排名全球排名第十九

  • ✓ 做為全球前三大中央處理器插座供應商，客戶多 會將 LOTES 選為策略供應商。 LOTES 也因此得到許 多與客戶共同開發新一代產品的機會。

  • ✓ 做為伺服器及個人電腦連接器與插槽的領導廠商， LOTES 在新一代的機型上取得佷多的機會。

  • ✓ 因打入全球知名汽車一階大廠供應鏈， LOTES 持續 取得各式車用連接器 / 連接線的詢單，車用市場將 在未來數年內有更顯著的貢獻。

  • ✓ With world-renowned tier 1 customers in automotive industry, LOTES keep receiving inquires from various automotive customers. We expect it will contribute more in few years.

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Agenda

  • ✓ Company Profile

✓ Business Outlook

  • ✓ Financials at Glance

✓ Q & A

議程

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✓公司簡介

  • ✓營運概況 ✓財務概況 ✓問答交流

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公司簡介

COMPANY PROFILE

股票代號： 3533.TW 2019.12.6 列為台灣中型 100 指數成份股 2021.3.19 列為台灣資訊科技指數成份股 2022.5.18 列為特選小資高價 30 指數成份股 2024.2.27 列為 MSCI 全球指數指數成份股

Stock Symbol : 3533.TW

Inclusion in FTSE TWSE Taiwan Mid-Cap 100 Index in Dec 6[th] , 2019 Inclusion in FTSE TWSE IT Index in Mar 19[th] , 2021 Inclusion in TIP Customized Investor Movement Aristocrats 30 Index in May 18[th] , 2022 Inclusion in MSCI World Index

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About LOTES

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  • ✓ In 1986, Mr. Ju and Mr. Ho co-founded LOTES. They firmly believes continuous research and development, and non-stop improvement are the foundation of LOTES. With this belief, LOTES has became a world class inter-connect solution provider.

  • ✓ LOTES owns over 4000 patents applied worldwide, top 2 among Taiwan connector makers.

  • ✓ LOTES fully integrated processes in house including design, tooling, molding, stamping, electro-plating and automation assembly. It render us more flexibility to support our customers.

  • ✓ With ISO17025 certification, LOTES reliability test lab is capable of providing industry standard test reports and also meeting customers’ test requirements. Which can shorten the time and lower the expense on product validation.

  • ✓ Certified with ISO 9001, IATF 16949, ISO 13485, AS 9100, ISO 14001, OHSAS 18001, QC 080000, and ISO 14064.

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關於 LOTES

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  • ✓ 董事長與總經理於 1986 年成立 LOTES ，他們深信不 斷研究、持續改善是 LOTES 發展的基石。依著這樣 的信念， LOTES 已成為世界級連接器 / 連接線的供 應商。

  • ✓ LOTES 在全球擁有超過 4,000 件連接器／連接線專 利

  • ✓ LOTES 高度製程整合，包括產品設計、模治具及自 動化設備開發、射出成型、金屬沖壓、電鍍、組 裝等，以使我們能更有彈性的服務客戶。

  • ✓ LOTES 有著已取得 ISO 17025 認證的信賴性實驗室， 可出具行業標準報告，亦可依客戶規範進行測試， 並可縮短產品驗證時間，並降低驗證的費用。

  • ✓ 已取得 ISO 9001, IATF 16949, ISO 13485, AS 9100, ISO 14001, OHSAS 18001, QC 080000 及 ISO 14064 等品質系統認證。

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Geographic profile in China

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  • Established: 2010 Hengnan 湖南

  • Employees : 1000

  • Function: Tooling Center, Cable Assembly

  • Established: 1993 Guangzhou 廣州

  • • Employees : 7000 • Function: R&D, Tooling, Molding, Stamping, ElectroPlating and Assembly

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Suzhou 蘇州

  • Established: 2004 Suzhou

  • • Employees: 1000

  • • Function: Product Design, Tooling, Molding, Stamping, Eletro-Plating and Assembly

  • Established in 2011 LINTES 中和

  • • Employees : 800 • Products: Thunderbolt, Type C, High Speed Cable, Active Optical Cable

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  • Established: 1986 LOTES 基隆

  • • Employees : 100 • Function: R&D, Sales, Finance

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Geographic profile of LOTES 全球佈局

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斯圖加特
奧瑞岡 Stuttgart, Germany
Beaverton, OR
休士頓
Houston, TX 蘇州 Suzhou, China
聖荷西
廣州 Guangzhou, China Taiwan
San Jose, CA
嘉澤 (LOTES, Keelung)
越南 Vietnam
嘉基 (LINTES, New Taipei)
新加坡 Singapore
Manufacturing Sites 工廠
Sales / Eng support 服務據點
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Office
Building A Building B Building C
Phase II
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LOTES VN
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LOTES’ Core Competence 核心競爭力

Stamping Die Injection Mold 沖壓模具 塑膠模具 100% of design and fabrication in house 100% 自行設計及製造 Assembly Jigs Automation Machines 組裝治具 自動機

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LINTES’ Competiveness 嘉基核心競爭力

High Speed Socket Design Precision Micro Lens design Capability capability 高速連接器設計 高精度光學鏡片設計 High Speed Cable 高速線纜 (Optical / Electrical / Active / Passive) Precision Die/Wire Bond Capability Electrical/Optical Cable HVM 高精密固晶打線製程 電子／光纖線量產能力

High end Docking Cable use in between NB and docking station 40G Thunderbolt Type C

LINTES Technology listed in TWSE with stock symbol 6715 in November 15[th] , 2018.

AOC 、 AEC 主動式光纖

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ACC 主動式銅線

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經營概況

BUSINESS OVERVIEW

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Sales Revenue 營收走勢

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Billion NTD
30
Birch
-New product launch Whitley Stream
(DDR4)
Eagle
-Strategic customers start
to contribute
New product launches
-Server SKT R
-Desktop SKT H New product launches
-Laptop SKT G -Mechanical parts for
Purley
-LINTES TBT3 cable series
Laptop CPU on board New Generation
Change Cycle Speed up
No socket needed
New Generation Change
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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Business Coverage 營收比重

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Strategic
Customers LINTES
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Revenue share
2022
2023
2024
Q2’24(74.69E)
Q3’24(80.88E)
Q4’24(83.47E)
Q1’25(77.56E)		 29~30%
26~27%
34.1%
33~34%
36~37%
31~32%
37%		 12~13%
13~14%
12.25%
12~13%
11~12%
12~13%
11.2%		 25~26%
28~29%
27.47%
25~26%
28~29%
28~29%
28.3%		 12~13%
12~13%
9.8%
9~10%
11~12%
8~9%
9.15%		 3~4%
5~6%
6.32%
5~6%
6~7%
6~7%
6.16%		 4%~5%
2~3%
2.67%
2~3%
3~4%
2~3%
2.65%		 12%
9~10%
7.31%
8~9%
7~8%
7~8%
5.48%
Current main
product		 -CPU Socket
-DDR
-PCIE		 -SODDR
-M.2
-I/O
-PD Cable		 -All types of
connectors		 -Connectors
-Mechanical parts		 -Connectors
-Wire harness		 -Connectors
-Wire harness		 -High end Docking
cable
-AOC, AEC
Market trend
(by Volume)		 → or → or → or → or
Sales outlook (2) (4) (3) (5)→or (1) (5) (5)
Future product
plan		 -CPU Socket
-HSIO & Cable
-SOCAMM		 -SODDR5
-M.2 Gen 5.0
-USB4
-CAMM2		 -Customized -Customized -Customized -Customized
-Medical		 -High Speed Cable

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Market Update 市場概況

Market Update市場概況 Market Update市場概況 Market Update市場概況 Market Update市場概況
Server
Laptop
Desktop
ODM Average
Production
Volume		 2022 1.2KK/M
2023 975K/M
2024 1.18KK/M
Q1’24 : 1KK / M
Q2’24 : 1.1KK / M
Q3’24 : 1.3KK / M
Q4’24 : 1.3KK / M
Q1’25 : 1.25KK/M
Q2’25 : 1.30KK/M
(April & May only)		 2022 12.5KK/M
2023 11.7KKKK/M
2024 10.6KK/M
Q1’24 : 10KK / M
Q2’24 : 10.5KK / M
Q3’24 : 11KK / M
Q4’24 : 11KK / M
Q1’25 : 9.95KK/M
Q2’25 : 9.95KK/M
(April & May only)		 2022 6.5KK/M
2023 5.5KK/M
2024 5.5KK/M
Q1’24 : 5.0KK / M
Q2’24 : 5.2KK / M
Q3’24 :6.0KK / M
Q4’24 :6.0KK / M
Q1’25 : 5.4KK/M
Q2’25 : 5.7KK/M
(April & May only)

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客 戶端 產能佈 局 Capacity Distribution

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終端產品
End Product		 最終出貨至美國的比重
(依成品數量計算)
Proportion of shipments
to the US		 Level 6
PCBA中國產能
Capacity in CN		 Level 6
PCBA非中國產能
Capacity in non-CN
Server 37% 33% 67%
Laptop 25% 81% 19%
Desktop 12% 82% 18%

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Intel Server LOTES, FIT, TE AMD Server LOTES,
LOTES,		 FIT (Milan)
FIT, Amphenol (Genoa)
LOTES, FIT, TE (Venice)
Intel Desktop LOTES, FIT, Deren AMD Desktop LOTES, FIT

Product Roadmap 產品 Roadmap

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LeRain 嘉雨思

PCIE 5.0 Re-Driver

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Products with color un-filled are still under-developing or time to market unknown.
DDR4 DDR5
PCIe 4 PCIe Gen 5
V0(1700) V1(1851) V2(1954) Intel
AM4 AM5(LGA 1718) AMx AMD
PCIe Gen 4 PCIe Gen 5 32Gbps PCIe Gen 6 64Gbps PCIe Gen 7 128Gbps
SMT DDR4 DDR5 DDR6
P4 (4189) Eagle E1(4677) E2(4710) & BR(7529) Dx / D Intel
SP3(4094) SP5(6096) Bergamo SP6(4844) SP7(7536) / SP8(5572) AMD
Altra 4926 Siryn 5964 Banshee 7228
2022 2023 2024 2025 2026 2027
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Desktop

Server

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Server CPU Roadmap 伺服器 產品 Roadmap

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2022 2022 2023 2024 2025 2026
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Whitley P4(4189) Eagle Stream E1(4677) Birch Stream BR(7529) Oak Stream DX(9324)
Birch Stream E2(4710) Oak Stream D(5256)
Genoa SP5(6096) Venice SP7(7536)
Zen4 up to 92c Zen6 up to 256c
DDR5 / PCIe 5.0 / CXL 1.1 DDR5 /PCIe 6.0/ CXL 3.0
Bergamo SP5(6096) Turin SP5(6096)
Zen4 up to 128c
DDR5 / PCIe 5.0 / CXL		 1.1 Zen5 up to 192c
DDR5 / PCIe 5.0 /		 CXL 2.0
SIENA SP6(4844) SORANO Venice SP8(5572)
Zen4c up to 64c
DDR5 / PCIe 5.0 /		 CXL 1.1 Zen5 up to 64c
DDR5 / PCIe 5.0 /		 CXL 2.0 Zen6 up to 128c
DDR5 /PCIe 6.0/		 CXL 3.0
Altra (4926) Siryn (5964) Banshee (7228)

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LOTES

FINANCIAL DATA

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Revenue & Key Ratios 營收及重要財務數字

EPS(NT$) Gross margin(%) Operating margin(%)

Revenue

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Revenu e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)		 e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)		 e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)		 e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)		 e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)		 e & Key Ratios營收及重要財務數字
0
10
20
30
40
50
60
3,000
4,000
5,000
6,000
7,000
8,000
9,000
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Revenue
EPS(NT$)
Gross margin(%)
Operating margin(%)
3,000
4,000
5,000
6,000
7,000
8,000
9,000		 0
10
20
30
40
50
60
Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
Unit: Million (NT$) Q3’21
Q4’21
Q1’22
Q2’22
Q3’22
Q4’22
Q1’23
Q2’23
Q3’23
Q4’23
Q1’24
Q2’24
Q3’24
Q4’24
Q1’25
21,391
27,099
24,483
30,088
7,765
5,733
6,075
6,146
6,651
7,269
7,032
5,726
5,722
6,463
6,539
6,347
7,438
8,066
8,300
7,765
2,187
2,434
2,636
2,898
3,016
3,386
2,603
2,589
3,072
3,215
3,256
3,856
4,244
4,411
3,996
1,104
1,148
1,054
1,218
1,190
1,205
1,073
1,088
1,148
1,223
1,227
1,290
1,454
1,552
1,545
1,108
1,260
1,582
1,680
1,865
2,141
1,530
1,500
1,923
1,991
2,029
2,566
2,790
2,858
2,450
925
1,004
1,383
1,495
1,980
1,466
1,181
1,284
1,867
1,259
2,105
2,264
2,061
2,845
2,275
33.32
44.49
50.58
82.77
20.22
8.91
9.5
13.03
14.21
17.91
13.55
10.96
11.56
16.77
11.36
18.57
20.01
18.33
25.86
20.22
48.84
47.7
50
50.1
38.16
40.06
42.89
43.57
41.49
48.16
45.46
45.35
47.54
48.93
51.31
52.22
52.62
53.15
51.47
19.33
20.73
25.75
25.25
25.66
30.45
26.72
26.22
29.76
30.31
31.97
34.8
34.59
34.44
31.56
249.92
242.14
261.15
233.72
266.59
272.80
361.10
304.98
355
380.41
406.31
286.69
299
319.81
374.7
186.44
181.67
195.87
178.24
218.27
225.61
313.77
268.69
316
340.14
363.57
258.85
269
287.54
336.05
31.70
31.66
30.80
33.02
28.58
26.39
23.91
27.3
24.13
22.58
21.57
27.71
26.63
24.4
20.89
Yearly Revenue 21,391 27,099 24,483 30,088 7,765
Quarterly Revenue
Gross profit
Operating expense
Operating profit
Net profit
Yearly EPS(NT$) 33.32 44.49 50.58 82.77 20.22
Quarterly EPS(NT$)
Payout R(%) 48.84 47.7 50 50.1
Gross margin(%)
Operating margin(%)
Current ratio(%)
Quick ratio(%)
Debt ratio(%)

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