NTC — Interim / Quarterly Report 2024

Aug 2, 2024

Nuvoton Technology Corporation

2Q’24 Investor Conference

Aug 2, 2024

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Agenda

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Nuvoton Financial Results Nuvoton 2Q’24 Business Update

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Q&A
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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.

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Nuvoton Financial Results

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Statement of Comprehensive Income - Consolidated

	2Q’24		1Q’24		YTD
Unit: NT$ M	Amount	%	Amount	%	Amount	%
Net Revenue	8,228	100	8,468	100	16,696	100
Gross Profit	2,821	34.3	3,534	41.7	6,355	38.1
Operating Income	(191)	(2)	456	5	265	2
Non-Operating Income	240	3	(51)	-	189	1
Income before Income Tax	49	1	405	5	454	3
Net Income (Loss)	(21)	-	409	5	388	2
EPS (NTD)	(0.05)		0.97		0.92

Balance Sheet - Consolidated

		June 30	’24	March 31 ’24	March 31 ’24	December	31 ’23
	Unit: NT$ M	Amount	%	Amount	%	Amount	%
	Cash & Cash Equivalents	7,144	23	6,433	20	6,325	20
	Accounts Receivable	4,015	13	4,698	15	4,122	13
	Other Receivable	512	2	555	2	505	1
	Inventories	6,160	20	7,060	22	7,756	24
	Long-Term Investments	3,252	10	3,210	10	3,250	10
	Property, Plant, Equipment and R.O.U	7,769	25	7,966	25	7,856	25
	Others	1,877	7	1,863	6	1,926	7
	Total Assets	30,729	100	31,785	100	31,740	100
	Current Liabilities	9,555	31	9,480	30	8,181	26
	Non-Current Liabilities	5,733	19	6,448	20	6,828	21
	Total Liabilities	15,288	50	15,928	50	15,009	47
	Total Equity	15,441	50	15,857	50	16,731	53
	Debt/Equity Ratio	1		1		0.9

Statement of Cash Flows - Consolidated

	2Q’24	1Q’24	4Q’23
Unit: NT$ M	Amount	Amount	Amount
Cash Flows from Operating Activities	1,548	1,078	728
Cash Flows from Investing Activities	(739)	(346)	(317)
Cash Flows from Financing Activities	43	(662)	(267)
Cash & Cash Equivalents	7,144	6,433	6,325

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Revenue and GM Trend - Consolidated

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Revenue/Gross Profit (NT$ M) Gross Margin
15,000 50%
42% 42% 42%
41%
40% 40% 40% 40%
40%
11,180
10,400 34%
10,000 9,569
8,970
8,956 8,953
8,470 8,468 8,228 30%
20%
4,689
5,000 4,287
3,816 3,611 3,622 3,756 3,354 3,534
2,821
10%
0 0%
2Q'22 3Q'22 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24
Revenue Gross Profit GM% 8
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Nuvoton 2Q’24 Business Update

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2Q’24 Revenue by 4C Applications

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Automotive&
BMC
2Q’24
BM-IC
Industrial
EC
22%
HMI
1Q’24 MCU
IC Card 20%
Computer Super IO
MCU
TPM
41%
48%
15%
13%
Audio IC
Communication &
17%
HDMI IC
Others
MCU MCU
Consumer
24%
MOSFET
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Note: Foundry revenue was not included in the numbers .
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Nuvoton 2Q’24 Business Update (1)

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Automotive & Industrial
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• ❖ Announced MA35D0 series MPUs feature extensive connectivity and security tailored for industrial edge devices, ideal for smart infrastructure, manufacturing automation, and new energy systems that require control and networking capabilities

• ❖ Design-in of the new industrial BM-ICs, the "KA49701A" and "KA49702A," designed for 48V and capable of supporting up to 17-cell batteries, which can maximize battery performance, simplify system construction and enhance security

• ❖ Obtained SGS certification for the ISO 24089 Vehicle Software Update Engineering Standard

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Nuvoton 2Q’24 Business Update (2)

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Computer
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• ❖Mass production of the USB4 re-timer for the gaming notebook customer in Taiwan

• ❖Developed OpenTitan® based security chip as next generation security solution for

• Chromebooks

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Nuvoton 2Q’24 Business Update (3)

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Consumer
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• ❖Design-win of TOF sensor with facial detection capability to a new American customer,

• intended for use in smart locks related to building applications

• ❖Design-win of TOF sensor featuring human behavior monitoring, applied to vending

• machine for a global beverage manufacturer

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Questions & Answers

Nuvoton Company Website: www.nuvoton.com

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