LTC — Interim / Quarterly Report 2022

Jun 7, 2022

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1Q22 Earnings Conference LITEON Technology

April 19[th] , 2022

© LITE-ON Technology Corporation All rights reserved

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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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© LITE-ON Technology Corporation All rights reserved

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	In NT Millions	1Q22		QoQ YoY mount % % Amount % % 4,569 100.0 -7 37,718 100.0 9 6,867 82.7 -7 31,000 82.2 10 7,702 17.3 -8 6,718 17.8 5 4,089 9.2 0 4,611 12.2 -11 4Q21 1Q21	QoQ YoY mount % % Amount % % 4,569 100.0 -7 37,718 100.0 9 6,867 82.7 -7 31,000 82.2 10 7,702 17.3 -8 6,718 17.8 5 4,089 9.2 0 4,611 12.2 -11 4Q21 1Q21
		Amount %	A
	Net Sales	41,230 100.0	4	4,569 100.0 -7 37,718 100.0 9
	COGS	34,163 82.9	3
	Gross Profit	7,067 17.1		7,702 17.3 -8 6,718 17.8	5
	Operating Expenses	4,086 9.9
	Operating Profit	2,981 7.2		3,613 8.1 -17 2,107 5.6	42
	Other Income/ Expense	-324 -0.8 *
	Profit Before Tax	2,657 6.4
	Income Tax Expense	545 1.3
	Non-Controlling Interests	8 0.0
	Profit Attributable to Parent	2,104 5.1
	After Tax EPS	0.92

• Non-operating income/expense includes the evaluation loss on VIZIO of NT$1 bn in 1Q22, and the evaluation gain on Vizio of NT2.6 bn in 1Q21. © LITE-ON Technology Corporation All rights reserved

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NT$Mln Amount Y Opto-electronics 8,626 5 Revenue	NT$Mln Amount Y Opto-electronics 8,626 5 Revenue	NT$Mln Amount Y Opto-electronics 8,626 5 Revenue	oY Amount YoY % 20%~32% 1,087 5% Gross Profit Margin Range Operating Profit	oY Amount YoY % 20%~32% 1,087 5% Gross Profit Margin Range Operating Profit	oY Amount YoY % 20%~32% 1,087 5% Gross Profit Margin Range Operating Profit
	Opto-electronics 8,626 5		% 20%~32% 1,087 5%
© LITE-ON Technology Corporation All rights reserved Cloud & AIoT 12,725 18 Information Technology & Consumer Electronics 19,879 6	Cloud & AIoT 12,725	18	%	14%~25% 692	76%
	Information Technology & Consumer Electronics 19,879 6		% 11%~17% 1,920 72%

	1Q22 Opto- Electronics 21% Cloud & AIoT ITCE 48%	1Q22 Opto- Electronics 21% Cloud & AIoT ITCE 48%	1Q21 Opto- Electronics 22% Cloud& AIot ITCE 50%*
© LITE-ON Technology Corporation All rights reserved Opto-electronics Optoelectronics Pro Automotive Electron Cloud & AIoT Datacenter, Server, Intelligence Solutio Information Technology & Consumer Electronics NB, Tablets, DT, Ga Peripherals applica 31%	31%		5 duct Solutions, Outdoor Lighting Solution and ics Networking, AIoT, Smart Devices and Video ns ming, Consumer Electronics and Multifunction tions 28%
	Opto-electronics	Optoelectronics Pro Automotive Electron	duct Solutions, Outdoor Lighting Solution and ics
	Cloud & AIoT	Datacenter, Server, Intelligence Solutio	Networking, AIoT, Smart Devices and Video ns
	Information Technology & Consumer Electronics	NB, Tablets, DT, Ga Peripherals applica	ming, Consumer Electronics and Multifunction tions

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35%
30%
Revenue Growth Quarterly YoY Growth in 1Q22
25%
NT$ Mn 25,000
20%
16%
15% 13%
20,000 10%
5%
0%
15,000
Opto- Automotive
semiconductor
Electronics
IR LED
10,000 35%
29%
30%
25%
5,000
20%
14%
15%
- 10%
5%
0%
© LITE-ON Technology Corporation All rights reservedCloud & AIoT Opto-electronics AIoT Cloud Computing 6
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			Amount % Amount % 68,276 37% 71,300 41% 41,246 22% 33,362 19% 32,299 18% 26,652 15% 147,111 80% 137,686 79% 183543 100% 175291 100% 4Q21 1Q21
	In NT millions	1Q22
		Amount %
	Cash & Equivalent	68,517 37%
	Accounts Receivable	38,099 20%
	Inventories	31,307 17%
	Current Assets	150,602 81%
	Total Assets	185982 100%
© LITE-ON Technology Corporation All rights reserved , Short Term Debt 27,304 15% Accounts Payable 44,646 24% Current Liabilities 110,997 60% Equities 72,199 39% Key Indices Current Ratio (x) 1.36 Net Cash (NT Millions) 41,213		,
	Short Term Debt	27,304 15%
	Accounts Payable	44,646 24%
	Current Liabilities	110,997 60%
	Equities	72,199 39%
	Key Indices Current Ratio (x) Net Cash (NT Millions)	1.36 41,213

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• 1Q22 Revenue +9% YoY, GPM 17.1%, OPM 7.2%, EPS: NT$1.11. Revenue hitting 1Q record high in 4 consecutive years. Operating profit +42% YoY, OPM 7.2%, both hit first quarter record highs.

• Continuing profitable growth thanks to product mix optimization, well-managed supply chain as well as flexibility of global smart manufacturing.

• Opto-electronics Segment and Cloud & AIoT Segment accounted for 52% of total revenue, with CAGR of 23% in the latest two years.

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© LITE-ON Technology Corporation All rights reserved

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• Under the assumption that the pandemic will not further impact the global supply chain and logistics, a stable profit and sales growth from core businesses is expect, and Opto-electronics and Cloud& AIoT Segments will account for over 50% of total revenue.

• Key growth drivers: Cloud computing, Opto, and Automotive electronics:

• Cloud computing: ongoing market share gain and production growth from high-end power management solutions with high wattage, high efficiency and high density applied in data center and enterprise customers

• Opto semiconductor: dynamic application in green energy, industrial automation, wearables and AR/VR.

• Automotive Electronics: market demand of EV Charger, automotive LED lighting and ADAS is expected to grow rapidly

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© LITE-ON Technology Corporation All rights reserved

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• The Board announced a cash dividend of NT$2.5 per share in the fourth quarter of 2021. Adding the cash dividend of NT$2 per share in the first half of 2021, the DPS of the full year of 2021 reaches NT$4.5, up 32% Y-o-Y, a record DPS, with a payout ratio of 75%.

• The Board approved the issuance of Restricted Stock Awards (RSAs) to attract, retain and motivate critical talents, by focusing on the market demand, expanding the R&D investment, optimizing the product portfolio and creating profitable growth to the company and shareholders’ value in the long run, and further pursue a win-win for employees, company and investors.

• In accordance with the company’s overall strategic planning, the outdoor lighting business will be transferred and establish a new subsidiary. Through independent operation and concentrated resources, it is expected to enhance competitiveness and business performance, and help partnership with local and global companies in intelligent transportation field to make efforts on "Roadway Intelligence," improving road safety and implement sustainable development.

• The AGM will be held on May 20th, 2022.

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© LITE-ON Technology Corporation All rights reserved

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光電節能環境永續

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https://www.liteon.com/en-us liteontech.ir@liteon.com

®

© LITE-ON Technology Corporation All rights reserved