LTC — Call Transcript 2025

Aug 14, 2025

Powering a Bright and Sustainable Future Together 永續共好．光耀未來

2Q25 Earnings Conference LITEON Technology

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法說會議程

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• Host, 2Q25 Results Julia Wang, IR Senior Director

• Operation Plan and Growth Strategy Anson Chiu, President

• Q&A

Anson Chiu, President KT Lim, CFO

Safe Harbor Notice

LITEON Technology’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. Actual results may differ materially from those contained in any forward-looking statements. The numbers of the presentation are prepared under IFRS.

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Information
Opto- Cloud & Technology &
electronics AIoT Consumer
Electronics
Opto-semiconductors, Datacenter, Server, NB, Workstations,
Automotive Electronics, Networking, AIoT, Tablets, DT,
Intelligent Transportation Smart Devices,
Gaming,
Lighting Solutions Video Intelligence
Consumer Electronics
Solutions
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Profitable growth in Core Business & Margin Expansion annually by high value business since 2021

NT$ Mn

1H25 Product Mix

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300,000 25.0%
22.3%
22.0%
21.6%
250,000 18.5% 19.2% 20.0% 39% 42% 61%
200,000
173,456 15.0%
164,828 NT$32.3B
148,333
150,000 137,134 9.6% +34% YoY 19%
9.8% 9.4%
8.7%
10.0%
7.9%
100,000
雲端及物聯網部門 光電部門 (含車電) 資訊及消費性電子部門
76,838 +24% YoY
5.0% 1H21 Product Mix
50,000
Revenue
GP%
- 0.0%
2021 2022 2023 * 2024 ** 1H 2025 OP% 30%
Excludes Image department business 49% 51%
Discontinued some consumer and OEM products
NT$23.6B
21%
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2Q25 & 1H25 Executive Summary

【 2Q25 】

• Q2 sales of NT$40.4 billion, up 21% YoY, 11% QoQ; attributable to the overall yearly and quarterly growth of three business segments.

• Gross Profit up 21% YoY, Gross Margin were 22.1%; Operating Profit up 14% YoY, Operating Margin were 9.2%, resulting from synergies of enhanced high-value business, operational efficiency and intensive supply chain collaboration.

• RD expenses accounted for 5.2% of Q2 sales, up near 20% YoY, reflecting steady investment in cloud, opto-electronics, 5G and new business.

• Q2 Net profits reached NT$3.16 billion and EPS of NT$1.39.

【 1H25 】

• 1H25 consolidated sales reached NT$76.8 billion, up 24% YoY; Gross Profit up 30% YoY, Gross Margin were 22.3%, up 1 ppt YoY;

• Operating Profit up 34% YoY, Operating Margin were 9.6%, up 0.7 ppt YoY; Net profits reached NT$6.6 billion; EPS of NT$2.89, up 20% YoY.

【 Core businesses】

• Thanks to increased shipments of cloud computing, AI server power management and energy storage solutions, Cloud & AIoT delivered over 50% yearly growth.

• Core application in Opto-semiconductors enhanced continuously, driven by visible Mini LED and invisible LED, which delivered near 10% yearly growth.

• Portfolio optimization in IT&CE, coupled with increasing shipments of LEO satellite power supplies and intelligent input peripherals, delivering near 20% yearly growth.

【Board Resolutions】

• BOD approved the cash dividend of NT$2 per share in the second quarter of 2025.

• LITEON has completed its shares buyback by June 9, 2025, of 24,219K shares, 1.03% stakes, and plans to reduce the capital accordingly to ensure shareholder interests and strengthen corporate governance.

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© LITE-ON Technology Corporation. All Rights Reserved.

Operation Plan and Growth Strategy

Growth strategy and milestones

• To manage FX volatility, we implement strategies across technological leadership , cost optimization , operational efficiency , and financial risk management to strengthen customer recognition and trust in LITEON's enterprise value.

• To accelerate global expansion , we’ve diversified capacity across Taiwan, Vietnam, and North America—enhancing operational efficiency, scalability, and building a flexible, resilient supply chain management mechanism. The regional capacity expansion is scheduled for completion in 3Q25 to meet local market and customer needs.

• Strong demand for Core Business Cloud Computing continues to drive growth in BBU and 33kW Power Shelf shipments. The 72kW Power Shelf, Side Power Rack, and Liquid to Liquid cooling system have entered the customer validation phase, supporting shipment momentum in 2H25.

• At 2025 Computex and Datacloud Global Congress in France, we showcased 800V HVDC power supply, SiC/GaN highefficiency power shelf, and modular liquid cooling system, offering integrated solutions and helping customers build highefficiency, energy-saving AI data centers. As next-generation AI chips scale into mass production quarterly, we continue to grow steadily.

Outlook for 3Q25

Sequential growth from core business , mainly driven by:

• Shipment momentum of high-end AI server power solution — including power management, energy storage systems, and integrated rack has increased.

• High-end photo-couplers see recovery in renewable energy and industrial automation, Mini LED in next-generation gaming PCs and smartphones.

• High-end power supply : Accelerated shipments of game console and gaming power supplies, and LEO satellite power supplies which show particularly strong momentum.

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Powering a Bright and Sustainable Future Together

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