Nuvoton Technology Corporation

4Q’15 Investor Conference January 29, 2016

Safe Harbor Notice

We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projects are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.
We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future event or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.
The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

Agenda

Nuvoton Financial Results
Nuvoton 2015 Business Results & 2016 Business Outlook
Q&A

Nuvoton Financial Results

Nuvoton Consolidated Statement of Comprehensive Income
Nuvoton Consolidated Balance Sheet
Nuvoton Consolidated Statement of Cash Flows
Nuvoton Revenue and GM Trend - Consolidated

Nuvoton Consolidated Statement of Comprehensive Income (4Q’15)

Selected Items from Statement of Comprehensive Income.

	4Q’15	4Q’15	3Q’15	3Q’15	4Q’14	4Q’14	QoQ change	QoQ change	YoY change	YoY change
Unit: NT$ M	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%

Net Revenue	1,770	100	1,987	100	1,519	100	(216)	(11)	252	17
Gross Profit	719	41	816	41	637	42	(97)	(12)	82	13
Operating Income	72	4	152	8	22	1	(81)	(53)	50	224
Net Non-Operating Income	7	0	26	1	21	1	(19)	(74)	(14)	(68)
Income before Income Tax	78	4	178	9	43	3	(100)	(56)	35	82
Net Income	65	4	148	8	30	2	(84)	(56)	34	112
EPS (NTD)	0.31		0.71		0.15		-0.40		0.16

Note: Weighted average outstanding shares were 207.5M units in 4Q’15.

Nuvoton Consolidated Statement of Comprehensive Income

Selected Items from Statement of Comprehensive Income.

	Y2015	Y2015	Y2014	Y2014	YoY change	YoY change
Unit: NT$ M	Amount	%	Amount	%	Amount	%

Net Revenue	7,313	100	6,822	100	492	7
Gross Profit	3,050	42	2,896	43	154	5
Operating Income	486	7	330	5	156	47
Net Non-Operating Income	86	1	91	1	(5)	(5)
Income before Income Tax	572	8	421	6	151	36
Net Income	469	6	343	5	126	37
EPS (NTD)	2.26		1.65		0.61

Note: Weighted average outstanding shares were 207.5M units in 4’Q15.

Nuvoton Consolidated Balance Sheet

Selected Items from Balance Sheet.

Cash & Cash Equivalents 1,826 34 1,694 32	131 8
Accounts Receivable 700 13 887 16	(186) (21)
Other Receivable 240 5 246 5	(6) (2)
Inventories 1,037 20 1,002 19	36 4
Long-Term Investments 379 7 384 7	(6) (1)
Property, Plant and Equipment 535 10 523 9	13 2
Total Assets 5,292 100 5,340 100	(48) (1)
Current Liabilities 1,580 30 1,628 30	(47) (3)
Non-Current Liabilities 590 11 615 12	(25) (4)
Total Liabilities 2,170 41 2,243 42	(73) (3)
Total Equity 3,122 59 3,098 58	24 1
Current Ratio 2.46 2.41
Debt/Equity Ratio 0.70 0.72

Nuvoton Consolidated Statement of Cash Flows

	4Q’15	3Q’15	QoQ change
Unit: NT$ M	Amount	Amount	Amount

Cash Flows from Operating Activities	196	(73)	269
Cash Flows from Investing Activities	(57)	(33)	(24)
Cash Flows from Financing Activities	0	(249)	249
Cash & Cash Equivalents	1,826	1,694	131

Nuvoton Revenue and GM Trend - Consolidated

1,639 2,237 1,935 1,602 661 947 800 607 40.3% 42.3% 41.3% 37.9%	42.2%	42.8% 43.8% 41.9%	1,632 1,9241,987 1,770 720 794 816 719 44.1% 41.3% 41.1% 40.6%
2,237 3% . 37.9%	40.7% 40.1% 40.4%	41.2%	. 41.1% 40.


	1,639 1,901 1,744 1,526 666 803 700 617	1,618 1,894 1,792 1,519 692 829 738 637

Nuvoton 2015 Business Results & 2016 Business Outlook

2015 Revenue by Product
2015 Revenue by Application
Nuvoton 2015 Business Results
• Nuvoton 2016 Business Outlook

2015 Revenue by Product

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2015
Non-MCU
MCU
2014
34%
YoY%
38%
MCU 4%
62%
Non-MCU -4%
66%
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Note: Foundry revenue was not included in the numbers .

2015 Revenue by Application

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Car, Ind., Auto
2015 Computer
24% 2014 YoY%
17%
Communication & Computer -6%
Others
7%
44%
Consumer 0%
50%
6%
Communication
-1%
& Others
26%
Car, Ind., Auto. 7%
26%
Consumer
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Note: Foundry revenue was not included in the numbers.

Nuvoton 2015 Business Results(1)

2015 YoY :Revenue + 7.2% ； Gross Margin Rate - 0.75% ； EPS + 0.61

Key for Revenue YoY Increase
The Growth of ARM[®] Cortex[®] M0 32-bit MCU Applying on Drone, ETC and General Purpose Applications
The Growth of ARM[®] Cortex[®] M4 32-bit MCU Applying on Industrial Applications and Video Game Joystick
The Growth of ARM[®] 9 Video SoC for Flying Cameras and Video Baby Monitors
Shipment of TPM, Power IC and SIO/EC for Intel[®] Skylake Platform
Key for Gross Margin Rate YoY Decrease
Product Mix and Inventory Adjustment

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