Nuvoton Technology Corporation

2H’16 Investor Conference February 7, 2017

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 2016 Business Results &
2017 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 (2H16)

Selected Items from Statement of Comprehensive Income.

	4Q’16	4Q’16	3Q’16	3Q’16	2H’16	2H’16	2H’15	2H’15	YoY change	YoY change
Unit: NT$ M	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%

Net Revenue	2,105	100	2,150	100	4,254	100	3,757	100	497	13
Gross Profit	846	40	851	40	1,697	40	1,535	41	161	11
Operating Income	131	6	146	7	276	6	224	6	52	23
Net Non-Operating Income	6	0	17	1	23	1	33	1	(10)	(30)
Income before Income Tax	136	6	163	8	299	7	257	7	42	17
Net Income	130	6	144	7	274	6	213	6	61	29
EPS (NTD)	0.63		0.69		1.32		1.03		0.29

Note: Weighted average outstanding shares were 207.5M units in 2H’16.

Nuvoton Consolidated Statement of Comprehensive Income

Selected Items from Statement of Comprehensive Income.

	Y2016	Y2016	Y2015	Y2015	YoY change	YoY change
Unit: NT$ M	Amount	%	Amount	%	Amount	%

Net Revenue	8,329	100	7,313	100	1,016	14
Gross Profit	3,408	41	3,050	42	359	12
Operating Income	605	8	486	7	119	24
Net Non-Operating Income	104	1	86	1	18	21
Income before Income Tax	709	9	572	8	137	24
Net Income	613	8	469	6	144	31
EPS (NTD)	2.95		2.26		0.69

Note: Weighted average outstanding shares were 207.5M units in 2H’16.

Nuvoton Consolidated Balance Sheet

Selected Items from Balance Sheet.

Cash & Cash Equivalents 1,899 32 2,233 38	(335) (15)
Accounts Receivable 827 14 705 12	121 17
Other Receivable 257 4 236 4	21 9
Inventories 1,178 20 1,194 20	(15) (1)
Long-Term Investments 452 8 451 7	2 0
Property, Plant and Equipment 588 10 519 9	69 13
Total Assets 5,898 100 5,920 100	(22) (0)
Current Liabilities 1,950 33 2,213 38	(264) (12)
Non-Current Liabilities 570 10 555 9	15 3
Total Liabilities 2,520 43 2,769 47	(249) (9)
Total Equity 3,378 57 3,151 53	227 7
Current Ratio 2.25 2.01
Debt/Equity Ratio 0.75 0.88

Nuvoton Consolidated Statement of Cash Flows

	2H’16	1H’16	HoH change
Unit: NT$ M	Amount	Amount	Amount

Cash Flows from Operating Activities	218	515	(297)
Cash Flows from Investing Activities	(169)	(92)	(77)
Cash Flows from Financing Activities	(374)	0	(374)
Cash & Cash Equivalents	1,899	2,233	(334)

Nuvoton Revenue and GM Trend - Consolidated

Revenue/Gross Profit (NT$ M)

Gross Margin Rate

0
500
1,000
1,500
2,000
2,500
3,000

1,639
2,237
1,935
1,602
1,639
1,901
1,744
1,526
1,618
1,894
1,792
1,519
1,632
1,9241,987
1,770
1,852
2,223
2,150 2,105
661
947
800
607
666
803
700
617
692
829
738
637
720
794
816
719
769
943
851
846
40.3%
42.3%41.3%
37.9%
40.7%
42.2%
40.1%40.4%
42.8%43.8%
41.2%41.9%
44.1%
41.3%41.1%40.6%41.5%42.4%
39.6%40.2%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13 1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16

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Gross Profit GM%

Revenue

Nuvoton 2016 Business Results & 2017 Business Outlook Update

2016 Revenue by Product
2016 Revenue by Application
Nuvoton 2016 Business Results
• Nuvoton 2017 Business Outlook

2016 Revenue by Product

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2016
Non-MCU
2015
29%
33% YoY%
MCU 4%
Non-MCU -4%
67%
71%
MCU
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Note: Foundry revenue was not included in the numbers .

2016 Revenue by Application

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Automotive &
Industrial Computer
2016
YoY%
2015
29%
24%
Computer 0%
44%
44%
Consumer -3%
6%
Communication &
-2%
4% Others
Automotive &
26% 4%
Communication &
Industrial
Others
23%
Consumer
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Note: Foundry revenue was not included in the numbers .

Nuvoton 2016 Business Results(1)

2016 YoY :Revenue + 13.9% ； Gross Margin Rate -0.8 % ； EPS + 0.69

Key for Revenue YoY Increase
Growth of ARM® Cortex® - M0 32-bit MCU Applying on Selected and Mass Market Application
Growth of ARM[® ] Cortex[®] M4 32-bit MCU and ARM[®] 9 SoC applying on Industrial Control
Shipment of TPM 2.0 IC for Desktop, NB and Server
Shipment of Power IC and SIO/EC for Intel[®] Skylake and Kabylake Platform
Key for Gross Margin Rate YoY Decrease
Product Mix and Inventory Adjustment

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