NTC — Investor Presentation 2021

Feb 22, 2021

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Nanya Technology Q4 2020 Investor Conference

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Safe Harbor

The information herein and the presentation made during the conference contain forward-looking statements and are provided for information Neither nor other purposes only. Nanya Technology Corp. any person assumes responsibility for the accuracy and completeness of the forwardstatements or undertakes to the statements. You are looking duty update urged to review the information provided herein carefully, and please don’t distribute, reproduce or disclose the information in whole or in part without prior written permission of NANYA Technology Corp.

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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Q4’20 Financial Results Summary

Amount in Million NT$, except for EPS & BVPS	Q4’20 (Unaudited) Q3’20 QoQ Q4’19 YoY	Q4’20 (Unaudited) Q3’20 QoQ Q4’19 YoY
Net Sales	14,773 100%	15,324 100% -3.6% 13,116 100% 12.6%
Gross Profit (Loss)Gross Margin(%)	3,251 22.0%	3,962 25.9% -17.9% 3,377 25.7% -3.7%
Operating Income (Loss) Operating Margin(%)	1,304 8.8%	2,069 13.5% -37.0% 1,440 11.0% -9.4%
EBITDA*EBITDA Margin (%)	4,937 33.4%	5,728 37.4% -13.8% 5,169 39.4% -4.5%
Non-operating Income (Expense)	-184 -1.2%	25 0.2% 111 0.8%
Income Tax Benefit (Expense)	-209 -1.4%	-481 -3.1% -265 -2.0%
Net Income (Loss)Net Margin (%)	911 6.2%	1,613 10.5% -43.6% 1,286 9.8% -29.2%
Earnings Per Share (NT$)	0.30**	0.53 0.42
Book Value Per Share (NT$)	50.02***	49.91 49.78

Remark: * EBITDA = Operating income + Depreciation & Amortization Expenses

*** BVPS is calculated based on 3,075M outstanding shares

** EPS is based on weighted average outstanding shares of 3,074M

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Q4’20 vs. Q3’20 Results Comparison

	Q4’20 (Unaudited) Q3’20 QoQ (PPT* Delta) Remarks	Q4’20 (Unaudited) Q3’20 QoQ (PPT* Delta) Remarks
Amount in Million NT$
Net Sales	14,773	15,324 -3.6%  Bit shipment increased low single digits%  ASP decreased mid single digits%  FX negative impact 2.3%
Gross Profit (Loss) Gross Margin(%)	3,251 22.0%	3,962 25.9% -3.8%  Q4’20 Gross profit decreased NT$ 710M, mainly due to ASP decrease and FX negative impact
Operating Expense	1,947 13.2%	1,892 12.3% 0.8%  R&D expense slightly increased
Operating Income (Loss) Operating Margin(%)	1,304 8.8%	2,069 13.5% -4.7%  Q4’20 OP Income decreased NT$ 765M
Net Income (Loss) Net Margin (%)	911 6.2%	1,613 10.5% -4.4%  Net Income decreased NT$ 703M • OP Income decrease of NT$ 765M • FX loss: NT$ 173M unfavorable (Q4: NT$ -402M; Q3: NT$ -229M) • Income tax: NT$ 272M favorable

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

*PPT: Percentage Points

20,000

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Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%)

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59%
55%
50% [52%] 51% 53%
47%
44% [44%] 44%
42% 41%
40%
39%
40%
35%
33% 31% 31% 32% [33%] 32% 16,489 15,324
30.6%
28% 28% 14,419 14,773
27%
25%
25.9%
23%
21% 23.8%
25.7% 19.6% 22.0%
18%
17%
15%
13.5%
11.0%
12.7% 8.8%
3,220
1,928
1,613 911
0%
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Q1'16Q2'16Q3'16Q4'16Q1'17Q2'17Q3'17Q4'17Q1'18Q2'18Q3'18Q4'18Q1'19Q2'19Q3'19Q4'19Q1'20Q2'20Q3'20Q4'20

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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Cash Flows

2020 Cash Flow

Unit: Million NT$

Unit: Million NT$ Beginning Balance 47,126 51,335 Cash from Operating 7,880 5,476 Activities Capital Expenditures -3,543 -3,069 ** Dividend & Others 157 -6,617 Ending Balance 51,619 47,126 Free Cash Flow[(1)] 4,337 2,407*

-8,470 Capital -6,566 22,506 Expenditures Dividend & Others Cash from Operating Activities 44,149 51,619

• (1) Free Cash Flow = Cash from operating activities – Capital expenditures

• Includes Inventory decrease and account receivable collection of approx. NT$ 3B

• ** - NT$ 4.6 billion of dividend payout ;

Jan. 1, 2020 Beginning Balance

Dec. 31, 2020 Ending Balance

• NT$ 0.7 billion from exchange differences on translation of foreign F/S

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2020 Consolidated Income Statement

2020 Consolidated Income Statement	2020 Consolidated Income Statement	2020 Consolidated Income Statement	2020 Consolidated Income Statement
2020 (Unaudited) 2019 YoY Amount: Million NT$
Net Sales	61,006 100.0%	51,727 100.0%	17.9%
Cost of Goods Sold	45,314 74.3%	35,233 68.1%
Gross Margin	15,692 25.7%	16,494 31.9%	-4.9%
SG&A Expenses	2,119 3.5%	2,051 4.0%
R&D Expenses	5,138 8.4%	4,926 9.5%
Operating Income	8,435 13.8%	9,517 18.4%	-11.4%
Non-operating Income (Exp.)	539 0.9%	1,708 3.3%
Income before Tax	8,974 14.7%	11,225 21.7%	-20.1%
Income Tax Benefit (Expense)	-1,302 -2.1%	-1,401 -2.7%
Net Income	7,672 12.6%	9,825 19.0%
EPS(NT$)	2.50	3.23
Book Value Per Share	50.02	49.78

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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2020 vs. 2019 Results Comparison

Amount in Million NT$	2020 (Unaudited)	2019 YoY (PPT Delta) Remarks*
Net Sales	61,006	51,727 17.9%  Bit shipment increased by mid thirties YoY  ASP decreased by high single digits % YoY  FX negative impact 4.4%
Gross Income (Loss) Gross Margin(%)	15,692 25.7%	16,494 31.9% -6.2%  Gross Income decreased by NT$ 803M mainly due to ASP decrease and FX negative impact
Operating Expense	7,257 11.9%	6,977 13.5% -1.6%  SG&A expense increased NT$ 68M, R&D expense increased NT$ 211M
Operating Income (Loss) Operating Margin(%)	8,435 13.8%	9,517 18.4% -4.6%  Operating Income decreased NT$ 1,082M
Net Income (Loss) Net Margin (%)	7,672 12.6%	9,825 19.0% -6.4%  Net Income decreased by NT$ 2,152M mainly due to: • Operating Income decreased NT$ 1,082M • FX loss unfavorable NT$ 569M (2020: NT$ -755M, 2019: NT$ -186M) • Interest income unfavorable NT$ 623M

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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CAPEX & Bit Shipment

NT$ Billion

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20.4
8.5
5.5
2018 2019 2020
CAPEX
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Mid thirties %
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Mid thirties % Mid thirties%
Low-
teens%
2018 2019 2020
Bit Shipment (YoY)
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Capital Expenditure (CAPEX)

Bit Shipment

• Q4’20 CAPEX NT$ 3.54 billion (B)

• 2020 CAPEX at NT$ 8.5B

• 2021 CAPEX estimate at NT$ 15B, subject to BoD approval

• Q4’20 Bit shipment increased by low single digits% QoQ

• 2020 YoY bit shipment growth in mid thirties%

• 2021 YoY bit shipment expected to be relatively flat

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2021 Market Outlook

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Outlook
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• For 2021 outlook, DRAM demand is stabilizing in 1H21, DRAM industry enters a new upcycle

• 1H21 Stay-at-Home economy to remain, favoring notebook, networking and Digital TV applications

• 2H21 COVID-19 vaccines coverage level to gradually increase, enabling global economies growth. Various applications of 5G, A.I. smartphone, datacenters, automotive and consumer electronics to stimulate DRAM demand

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Supply
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 DRAM suppliers’ inventory level to further decrease, 1H21 industry bit supply growth limited

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Demand
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• Mobile Market: Smartphone shipments to recover, 5G handset shipment percentage increasing

• Server Market: Server DRAM inventory level normalized. New server CPUs & platform (8 DIMM channels) to drive DRAM content growth

• PC Market: Visibility of notebook and Chromebook demand throughout 1H21, due to remote work and e-leanings demand from ongoing Pandemic

• Consumer Market: Promising demand growth in 4K/8K DTV and STB, new-gen game consoles, 5G networking, wearable devices and automotive electronics

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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Nanya Business Review & Outlook

• Q4’20 DRAM contract price bottom out and DRAM demand improved

• DRAM demand is stabilizing in 1H21, DRAM industry enters a new upcycle

• 10nm-class 1st generation node piloting on schedule, and 2[nd] generation node development accelerated

• Received 2020 National Sustainable Development Award

• Received “A List” rating, CDP's highest honor in response to climate change

• CDP(formerly the "Carbon Disclosure Project")

︱© 2020 Nanya Technology Corporation. All Rights Reserved.

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Thanks & uestions Q

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Q4’20 Consolidated Income Statement

Q4’20 Consolidated Income Statement	Q4’20 Consolidated Income Statement	Q4’20 Consolidated Income Statement
Q4’20 (Unaudited) Q3’20 QoQ Q4’19 YoY Amount: Million NT$
Net Sales	14,773 100.0%	15,324 100.0% -3.6% 13,116 100.0% 12.6%
Cost of Goods Sold	11,522 78.0%	11,362 74.1% 9,739 74.3%
Gross Margin	3,251 22.0%	3,962 25.9% -17.9% 3,377 25.7% -3.7%
SG&A Expenses	508 3.4%	503 3.3% 562 4.3%
R&D Expenses	1,439 9.7%	1,389 9.1% 1,374 10.5%
Operating Income	1,304 8.8%	2,069 13.5% -37.0% 1,440 11.0% -9.4%
Non-operating Income (Exp.)	-184 -1.2%	25 0.2% 111 0.8%
Income before Tax	1,120 7.6%	2,095 13.7% -46.5% 1,550 11.8% -27.8%
Income Tax Benefit (Expense)	-209 -1.4%	-481 -3.1% -265 -2.0%
Net Income	911 6.2%	1,613 10.5% 1,286 9.8%
EPS(NT$)	0.30	0.53 0.42
Book Value Per Share(NT$)	50.02	49.91 49.78

︱© 2020 Nanya Technology Corporation. All Rights Reserved.