LTC — Earnings Release 2021

Apr 29, 2021

1Q21 Earnings Conference LITEON Technology

2021/04/29

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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 and have been audited by an independent certified public accountant.

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1Q21 RESULTS

1Q21 RESULTS	1Q21 RESULTS	1Q21 RESULTS
In NT Millions	1Q21	QoQ YoY 4Q20 1Q20
	Amount %	Amount % % Amount % %
Net Sales	37,718 100.0	41,436 100.0 -9 32,576 100.0 16
COGS	31,000 82.2	34,726 83.8 -11 27,859 85.5 11
Gross Profit	6,718 17.8	6,709 16.2 0 4,717 14.5 42
Operating Expenses Operating Profit	4,611 12.2 2,107 5.6 *	4,889 11.8 -6 3,965 12.2 16 1,820 4.4 16 752 2.3 180
Other Income/ Expense	3,381 9.0 *	676 1.6 400 960 2.9 252
Profit Before Tax	5,487 14.5	2,496 6.0 120 1,713 5.3 220
Income Tax Expense	1,212 3.2	449 1.1 170 394 1.2 208
Non-Controlling Interests	12 0.0	40 0.1 -70 -254 -0.8 -105
Profit Attributable to Parent	4,263 11.3	2,008 4.8 112 1,572 4.8 171
After Tax EPS 1.83 0.86 0.68 Shares:(mm shares) 2,324 2,324 2,324	1.83

• The Group has fully recognized the lifetime expected credit impairment loss in 1Q21 amounting to NT$580 million, mainly due to the credit risk of partial other receivables from the disposal of Mobile Mechanics Business in 2018, and taken legal measures based on the contracts and regulations to protect The Group and shareholders’ interests.

• Non-operating income includes the mark-to-market revaluation gain on VIZIO of NT2.5 bn in 1Q21.

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GPM, OPM and EPS Hit 1Q Record Highs

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2.5 20.0%
17.8% 18.0%
2.0 16.0%
1.83
14.5%
13.2% 14.0%
12.5% 13.0% 13.1%
1.5 12.0%
11.1%
10.0%
NT$
1.0 8.0%
0.85
0.74
0.71
0.68
0.63 6.0%
5.6%
0.45
0.5 4.1% 4.0% 4.0%
3.3%
2.8%
2.3%
2.0%
1.6%
0.0 0.0%
1Q15 1Q16 1Q17 1Q18 1Q19 1Q20 1Q21
EPS GP% OP%
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Revenue Contribution bySegment P. 5 Opto-electronics Optoelectronics Product Solutions, Outdoor Lighting Solution and Automotive Electronics Cloud & AIoT Datacenter, Server, Networking, AIoT, Smart Devices and Video Intelligence Solutions Information Technology & Consumer Electronics NB, Tablets, DT, Gaming, Consumer Electronics and Multifunction Peripherals applications *SSD has been transferred since 3Q20. Silitech has become an unconsolidated entity from 1Q21. Before then, they were inclusive of ICT revenue.

Sequential Growth in Sales and Profit from Each Business Segment in 1Q21

• *SSD has been transferred since 3Q20. Silitech has become an unconsolidated entity from 1Q21. Before then, they were inclusive of ICT revenue.

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Robust Balance Sheet

Robust Balance Sheet	Robust Balance Sheet	Robust Balance Sheet
In NT millions 1Q21 4Q20 1Q20
	1Q21
	Amount %	Amount % Amount %
Cash & Equivalent	71,300 41%	71,508 41% 72,491 41%
Accounts Receivable	33,362 19%	35,990 20% 27,622 16%
Inventories	26,652 15%	24,669 14% 21,269 12%
Current Assets	137,686 79%	140,584 80% 135,928 78%
Intangible Assets *	4,594 3%	4,841 3% 5,923 3%
Short Term Debt	18,412 11%	24,892 14% 31,946 18%
Accounts Payable	43,916 25%	42,622 24% 35,615 20%
Current Liabilities	101,933 58%	99,599 57% 105,007 60%
Long Term Debt	0 0%	0 0% 0 0%
Equities	71,147 41%	74,142 42% 67,776 39%
Book Value Per Share(NT$) Key Indices Current Ratio (x) Quick Ratio (x) Net Cash (NT Millions)	31 1.35 1.09 52,888	32 29 1.41 1.29 1.17 1.09 46,616 40,545

• Intangible Assets of NT$4.6 billion on March 31st, 2021, decreased by NT$1.3 billion YoY. The Group evaluates assets with conservatism principle in accordance with the IFRS.

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• 2020 CDP awarded «A Leaderboard » in Supplier Engagement

LITEON continuous efforts in ESG to achieve sustainability

• Environmental targets approved by SBTi

• Greenhouse Gas Emissions ▼21%

• Waste generation ▼11%

• Renewable energy usage ratio 17%

• Product green design

• Year 2020 Result comparing with the base year

Environ -ment[*]

• Established Corporate Sustainability and Nomination Committees reporting to BOD

Govern

• In compliance with Responsible Business Alliance (RBA) code of conduct in employee, health, safety and business ethics

-ance

• Thorough information security and privacy management in place

• ◆ Ranked Top 5% in TWSE 2020 Corporate Governance evaluation

Social

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https://www.liteon.com/zh-tw liteontech.ir@liteon.com