NDB — Interim / Quarterly Report 2020

Oct 13, 2020

Taiwan stock exchange (TWSE ： 3090)

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Investor Conference

、 、 、 Honesty Service Growth Co-Prosperity

2020/10/13

• ⚫ This briefing and release contain forward-looking statements which may include projections of future results of operations, financial status or business forecasts based on our internal or external sources.

⚫ Our actual results of operations, financial status or business forecasts may differ from those expressed or implied in these forward-looking statements for a variety of reasons, including but not limited to market demand, price fluctuations, competition, international economic conditions, supply chain issues, exchange rate fluctuations and other risks and factors beyond our control. We undertake no obligation to update these forward-looking statements, whether as a result of future events or circumstances.

• ⚫ NDB expressly disclaims all warranties or representations of any kind, whether express or implied, regarding the reliability, accuracy and completeness of these statements and accepts no liability for any loss directly or indirectly arising from or in reliance upon the contents of these statements.

• ⚫ No material from this briefing may be copied, revised, edited, transmitted or as commercial use in any way, except with NDB’s permission.

................................. 01/15 ~ 06/15 1. Company Profile 2. Line Card ..................................................... 07/15 ~ 12/15 ...... 13/15 3. Sales Ratio by Market Segment ............... 14/15 4. Sales Ratio by Product Line ............................... 15/15 5. Operation Summary

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Company Profile
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(1) Basic Information

• Capital

• ： NTD 1,786,571,500 (October, 2020)

• Establishment

• ： January,1993

• Chairman of the board

• ： Freddy Chou

• Chief Operations Officer ： Eric Lee

• Managing Director

• ： Kent Yu

• Employees

• ： c. 409 people (June, 2020)

The number of Sales & Sales Support personnel is 302. The number of Administration & Management personnel is 90. The number of Research & Development personnel is 17.

01/15

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Company Profile
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(2) Consolidated Revenue and Net Income (2015~2020 1[st] Half)

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0 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981	InThousands of NTD 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2015 2016 2017 2018 2019 2020 H1 2015 2016 2017 2018 2019 2020 H1 8,260,868 8,446,804 8,250,452 10,679,189 8,820,029 4,522,577 379,077 388,724 593,528 1,574,915 615,754 319,981
Year	2015	2016	2017	2018	2019	2020 H1
Revenue	8,260,868	8,446,804	8,250,452	10,679,189	8,820,029	4,522,577
Net Income	379,077	388,724	593,528	1,574,915	615,754	319,981

。 Remark: CY 2020 Q1~Q3 Consolidated Revenue 6,936,936(In Thousands of NTD)

02/15

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Company Profile
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(3) Operating Performances (2015~2020 1[ST] Half )

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unit ： %
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40
37.97
35
30
27.84
25
19.94
20
17.63
16.51
18.52
14.62 17.34
15 13.99
13.04 17.21 13.26
13.30
8.56 14.75 9.84
10
7.94
6.13 6.16 7.08
7.67
8.10 8.96
5
7.19
5.05 4.59 5.61 4.60 6.98 4.45
0
2015 2016 2017 2018 2019 2020 H1
Gross Profit Margin Operating Profit Margin Net Profit Margin ROA ROE
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Data Source ： https://mopsfin.twse.com.tw/

03/15

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Company Profile
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( 4 ) Historical Dividend (2015~2019)

Dividend Year	EPS (NTD) (Note 1)	Cash Dividend (NTD/Share)	Stock Dividend (NTD/Share)	Dividend per Share (NTD/Share)	Dividend Distribution rate(%)
2015	2.23	2.0	0.0	2.0	90 %
2016	2.35	2.0	0.0	2.0	85 %
2017	3.50	2.5	0.7	3.2	91 %
2018	8.56	6.5	0.0	6.5	76 %
2019	3.32	3.5	0.0	3.5	105 %

Note 1 ： Please refer to Financial Statements.

04/15

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Company Profile
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(5) Affiliate Profile (June, 2020)

NDB

Main Products: Electrolytic Capacitor, Solid Capacitor Capital ： NTD 1,786,571 仟元 143 Employees

Vic-Dawn (95.31%) Scope (100%) Tonsam (100%) Sentelic (52.84%) (merged with Zindenbo Main Products: Main Products: (Added in October,2017) Corporation on 27th, May, 2013) Main Products: Ceramic Capacitor, Integrated Circuit (I.C.), Main Products: Battery, LED, etc. Sensor. Fan Motor Driver Control IC, Quartz Crystal Oscillator, Aluminum Electronic Capacitor, Capital ： NTD 330,163 仟元 Capital ： NTD 150,000 仟元 General MCU Agent etc. 40 Employees 21 Employees Capital ： NTD 260,000 仟元 Capital ： NTD 150,000 仟元 19 Employees 53 Employees Lipers (99.34%) AES (100%) Lipers(HK) (100%) Sentelic Holding Co., Ltd. Main Products: Main Products: Main Products: (100%) Ceramic Capacitor, LED, etc. Ceramic Capacitor, Logistics, Capital ： NTD 320,000 仟元 LED, etc. NDB(Mauritius) Electronic Components Sales 22 Employees Capital ： NTD 274,800 仟元 Capital ： HKD 29,642,793 元 Ocean Prestige Limited. (100%) 33 Employees 11 Employees (100%) NDB(Shenzhen) (100%) NDB(Suzhou) (100%) Touchscreen Gestures LLC Lipers Electronics (Shenzhen) (100%) (Operating since April, 2013) Main Products: Main Products: Main Products: (100%) Electronic Components Sales Electronic Components Sales Capital ： HKD 2,000,000 元 Electronic Components Sales Capital ： USD 1,000,000 元 USD 2,743,500 元 Capital ： USD 3,396,000 元 8 Employees 28 Employees 31 Employees

05/15

(6) Group Company Operation Sites

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Eastern China NDB Suzhou

Central China Wuhan Office Taiwan . New Taipei City H.Q Taichung Office Kaohsiung Office Sentelic Southern China NDB Shenzhen Lipers Shenzhen Hong Kong Region Lipers HK

06/15

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Line Card
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1. Nippon Chemi-Con Corporation

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(1) Main Products ： A. Electrolytic Capacitor

B. Solid Capacitor

(2) Application ： Power Supply 、 Motherboard 、 、 、 Video Card Electrical Ballast 、 Uninterruptible Power Supply 、 、 、 Cloud System Green Energy IPC 、 Industrial Equipment Car Assembly

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2. Matsushita Electronic Co., LTD.

(1) Main Products ： A. Solid Polymer Capacitor

B. Film Capacitor C. Inductor D. Precision Resistor

(2) Application ： Power Supply 、 Motherboard 、 XDSL 、 、 、 IPC Cloud System Car Assembly

07/15

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Line Card
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3. Own Brand - KTS Battery Series

• (1) Main Products ： Primary Lithium Battery 、 Rechargeable Lithium Ion Battery 、 Wired Lithium Battery

(2) Application ： Motherboard 、 Notebook 、 Industrial Personal 、 Computer 、 Industrial Control Equipment 、 Office Equipment 、 E-Book 、 Console 、 3C Electronics

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4. Authorized Brand – Hitachi

• (1) Main Products ： Electrolytic Capacitor

• (2) Application ： Power Supply 、 Industrial Personal Computer 、 、 、

• Industrial Control Equipment Green Energy Industrial Equipment

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5. Authorized Brand - ALPS

• (1) Main Products ： Switch 、 Tact SW 、 SD/SIM Connector 、 Power Inductor 、 Sensor (Magnetic/Current)

• (2) Application ： Industrial Control Equipment 、 Communication Products 、 Automotive Applications 、 Consumer Electronics

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6. Authorized Brand – Fujitsu

• (1) Main Products ： Relay 、 Keyboard 、 Touch Panel 、 Thermal Printers

• (2) Application ： Industrial Control Equipment 、 Communication Products 、 Automotive Applications

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7. E-Com Authorized Brand – NUVOTON 、 HOLTEK

• (1) Main Products ： 8 bit ,32 bit MCU 、 MSR decode IC 、 Smart Charger IC 、 Type C 、 PD

(2) Application ： Control Panel of Home Appliance 、 Consumer Electronics 、 、 、 、 Industrial Control Equipment Car Charger Adapter Power Bank

08/15

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Line Card
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8. Authorized Brand – Samsung

• (1) Main Products ： MLCC

• (2) Application ： Motherboard 、 NB 、 Camera Module 、 、

• Wi-Fi Module General Purpose

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9. Authorized Brand – GENESYS

• (1) Main Products ： Card Reader Controller 、 USB Hub Controller

(2) Application ： NB 、 Monitor 、 Docking

09/15

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Line Card
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10. Authorized Brand – AVX ／ Kyocera

(1) Main Products ： MLCC 、 Tantalum Capacitor 、 Super-Cap

(2) Application ： Panel 、 Wireless Module 、 Camera Module 、 、 、 Networking SSD POS

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11. Authorized Brand – TDK (EPCOS)

(1) Main Products ： Film Capacitor 、 Arrestor 、 MLV 、 Inductor

(2) Application ： Power Supply 、 UPS 、 Inverter 、 LED Driver 、 Networking

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12. Authorized Brand – KEMET

• (1) Main Products ： Film Capacitor 、 MnO2 Tantalum Capacitor 、 Polymer Capacitor

• (2) Application ： Power 、 Networking 、 PC 、 General Purpose

10/15

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Line Card
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13. Own Brand – UWA

(1) Main Products ： Chip Resistor and Array 、 Hi VC MLCC

(2) Application ： General Purpose

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14. Authorized Brand – EVERLIGHT

(1) Main Products ： SMD/Lamp LED 、 High Power LED 、

、 、 Low Power LED Photo Coupler IR Receiver Module

(2) Application ： Lighting 、 Flash 、 PC 、 TV 、 Monitor 、 Signage 、 、 、 Home Appliance Industrial Applications Automotive

11/15

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Line Card
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15. Authorized Brand - NJRC

(1) Main Products ： LDO-IC. OP, AMP, Front-End Module

(2) Application ： Data Storage Device/HDD 、 、 Network Communication Audio & Video Consumer Market

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16. Authorized Brand - AKM(AKE)

(1) Main Products ： TCXO-IC, Audio LSI. Hall Sensor

(2) Application ： Voice Coil Motor 、 Automotive Application

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17. Own Brand – SENTELIC

(1) Main Products ： Fan Motor Driver Control IC

(2) Application ： Server 、 Network Communication 、 Power 、 、 Home Appliance Industrial Applications

12/15

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Sales Ratio by Market Segment
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13/15

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Sales Ratio by Product Line
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TDK, ALPS, FUJITSU, KTS, UWA

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EVERLIGHT

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Nippon Chemi-Con Panasonic, KEMET, AVX

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Samsung Kyocera KEMET AVX

GENESYS, GIANTEC, NJRC, AKM, SENTELIC

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Nippon Chemi-Con Panasonic, Rubycon, AIC

14/15

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5. Operation Summary
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1. Subsidiary company Sentelic (4945) audit for OTC was passed on August 21 .

2. Company Ex-dividend NTD 3.5 per share on July 18, which is a dividend for 20 consecutive years

3. Due to US- China Trade War, the US presidential election, and the epidemic has not yet eased, the prediction for overall demand in fourth quarter will be flat. The prediction for the first half of year 2021, the total demand for 5G, AI, IoT, WiFi 6 and EV will be increased significantly, the company will take appropriate actions.

15/15

NICHIDENBO CORPORATION TEL ： (02)2219-0505 FAX ： (02)2219-1010 WEB ： www.ndb.com.tw