MHC — Investor Presentation 2021

May 20, 2021

MITAC HOLDINGS CORPORATION Online Investor Conference

May 21[st] , 2021

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Safe Harbor Notice

This presentation may contain forward-looking statements. These forward-looking statements reflect the current expectations, assumptions, estimates and projections regarding the anticipated developments and other factors based upon the information now available to us. These forward-looking statements are not historical facts, nor are the guarantees of future performance and are subject to risks, uncertainties and other factors. Consequently, actual results could differ materially from those contained, expressed, implied or forecasted in these forward-looking statements. There are factors that could cause actual results to differ materially from those reflected in these forward-looking statements.

The financial information contained here within in presented in conformity International Financial Reporting Standards (IFRSs).

Except as imposed by law, we undertake no obligation to publicly revise or update these forward-looking statements, whether as a result of new information, future events or otherwise.

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• Company Update Billy Ho, President and Spokesperson

• Financials Doris Huang, VP of Finance and Deputy Spokesperson

• Cloud and Edge Computing Business Michael Lin, President of MCT

• Automotive and A-IoT Business Steve Chang, President of MDT

• Q&A

MCT: Mitac Computing Technology Corp. MDT: Mitac Digital Technology Corp.

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Financials

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2021 1Q Products Profile (Consolidate)

BU	Amount	%
MCT	9,464	82.8%
MDT	1,095	9.6%
MIC	869	7.6%
Total	11,428	100%

MDT 9.6% MIC 7.6%

MCT 82.8%

Unit: NT$ Million

MCT: MiTAC Computing Technology Corp. MDT: MiTAC Digital Technology Corp. MIC: MiTAC International Corp.

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Income Statement

Unit: NT$ Million

	Item	2019	2020		YOY(%)	2020Q1	2021Q1	QoQ (%)
	Operating Revenues	35,832	41,146		15%	8,684	11,428	32%
	Gross Profit	5,190	4,625		(11%)	1,153	1,046	(9%)
	Gross Profit %	14.48%	11.24%			13.28%	9.15%
	Operation Expense	4,689	4,551		(3%)	1,170	1,067	(9%)
	Operation Expense %	13%	11%			13%	9%
	Operation Income (Loss)	501	74		(85%)	(17)	(21)	(22%)
	Operation Income (Loss)%	1.40%	0.18%			(0.20%)	(0.18%)
	Non-Op Income	2,582	2,906		13%	522	723	39%
	Income Before Tax	3,083	2,980		(3%)	505	702	39%
	Tax	(309)	(129)			(34)	(26)
	Net Income (Loss)	2,774	2,851		3%	471	676	44%
	EPS (NTD)	2.37	2.45		3%	0.42	0.57	36%
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Profitability Analysis

Revenue

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NT$ Million Growth Rate %
36%
22%
14%
-16% -15%
11,852 11,428
10,584 10,026
8,684
2020Q1 2020Q2 2020Q3 2020Q4 2021Q1
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Net Income

NT$ Million

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909 910
676
560
471
2020Q1 2020Q2 2020Q3 2020Q4 2021Q1
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Gross Profit

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NT$ Million GP% %
13%
12%
11%
9% 9%
1,231 1,299
1,153 1,046
941
2020Q1 2020Q2 2020Q3 2020Q4 2021Q1
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EPS

NT$

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0.76 0.77
0.57
0.42 0.50
2020Q1 2020Q2 2020Q3 2020Q4 2021Q1
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Balance Sheet

Unit: NT$ Million

Item	2019.12.31	2020.12.31	2021.03.31
Cash and Cash Equivalents	6,665	5,805	6,344
Current Assets	23,189	21,982	25,377
Long-term Investments	22,132	25,137	25,845
Property, Plant and Equipment	7,811	7,753	7,740
Total Assets	55,410	57,172	61,247
Current Liabilities	14,103	12,522	16,338
Non-current Liabilities	1,753	1,889	1,792
Share Capital	10,773	12,066	12,066
Total Equity	39,555	42,761	43,117
Total Liabilities and Stockholders' Equity	55,410	57,172	61,247

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Operating Performance Analysis

Receivables Turnover(Days)

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61
53 47
2019 2020 2021Q1
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Inventory Turnover (Days)

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99 97
81
2019 2020 2021Q1
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Payable Turnover (Days)

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67
63
59
2019 2020 2021Q1
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Cash Turnover (Days)
93
88
69
2019 2020 2021Q1
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Cloud and Edge Computing Business

Front-end Server Edge Server

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Open Radio Area Network (O-RAN) for 5G

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Front-end Server

Public Cloud

Software-Defined Storage (SDS)

HPC/AI Server

Private Cloud Enterprise Server Enterprise Storage

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To Client Devices

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Automotive and A-IoT

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Automotive

• Dashcam / PND

• ADAS

• Navigation Solution

• Outdoor Recreation

A-IoT

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• Connected Dashcam

• Smart City

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Professionals

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• Industrial Tablet

• Industrial Handy Terminal  Fleet Management Solution  Device Management Platform

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Mitac IR Website: https://www.mitac.com/en-global/investors_overview/index

https://www.mitac.com/en-global/quarterly_statement/index/ Quarterly Financial Statements: IR Contact: Ms. Sammy Huang Email : stock@mic.com.tw / sammy.huang@mic.com.tw Phone : +886-3-3289000 ext. 7685 Website: www.mitac.com

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