PARPRO — Annual Report 2025

Jun 3, 2025

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Partners in Production

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免責聲明

PARPRO 的簡報包含具有重大風險和不確定性的前瞻性聲明。前瞻性陳述通常與未來的 事件或未來的財務或經營業績有關。在這種情況下 , 您可以識別前瞻性語句 , 因為它們包 “ ” “ ” “ ” “ ” “ ” “ ” “ ” 、 、 、 、 、 、 、 含諸如 可能 ” 之類的單詞 , “ 將會 應該 預期 計畫 預測 可能 打算 “ ” “ ” “ ” “ ” “ ” “ ” “ ” 、 、 、 、 、 、 目標 專案 盤算 相信 估計 預估 潛在 或 “ 繼續 ”, 或這些詞或其他 類似的術語或這些意思相反或負面的詞 , 涵蓋我們的期望 , 策略 , 計畫或意圖。 由於一些重要因素造成的風險和不確定性 , 實際結果可能與前瞻性聲明中所包含的內容 有重大差異。這些因素包括但不限於 : 我們競爭激烈的環境 ; 我們業務的週期性性質 ; 我們 。 . 開發新產品的能力 ; 以及我們在新業務發展中的成功執行等等 本簡報中的所有前瞻性聲明都是根據截至目前可獲取資訊為基礎的 , 我們不承擔任何義 務更新這些前瞻性聲明 , 及更新未來的事件 , 同樣的 , 我們也不承擔任何義務更新實際結 果可能與前瞻性聲明中預期的內容有重大差異的原因 , 即使將來我們取得新的資訊 .

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AGENDA

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Income Statement (2024 vs 2025Q1)

~~NTk~~	~~2023~~ ~~2024~~ ~~YY~~	~~2023~~ ~~2024~~ ~~YY~~	~~2023~~ ~~2024~~ ~~YY~~		~~124~~ ~~12~~ ~~YY~~	~~124~~ ~~12~~ ~~YY~~	~~124~~ ~~12~~ ~~YY~~	~~124~~ ~~12~~ ~~YY~~
~~$~~ Revenue	~~o~~ 3,414,371 3,573,442 4.66%				~~Q~~ ~~Q5~~ ~~o~~ 969,950 856,815 -11.66%
Gross Profit	478,816	505,564	5.59%		147,934	184,413	24.66%
Operating Profit	157,108	104,464	-33.51%		33,186	68,332	105.91%
Non-operating profit	(16,437)	(58,358)	-255.04%		(17,028)	5,417	131.81%
Pre tax Profit	140,671	46,106	-67.22%		16,158	73,749	356.42%
Net Profit	80,320	1,477	-98.16%		202	61,595	30392.57%
Net Profit-Stockholder	80,320	1,514	-98.12%		202	62,010	30598.02%
Net Profit-NCI	0	(37)	-100.00%		0	(415)	-100.00%
EPS ~~fiili~~	0.87 0.02 -97.70%				0.00 0.60 100.00%
~~Protabty~~ Gross Margin	14.02% 14.15%				15.25% 21.52%
Operating Margin	4.60%	2.92%			3.42%	7.98%
Pretax Margin	4.12%	1.29%			1.67%	8.61%
Net Margin	2.35%	0.04%			0.02%	7.19%

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Income Statement (Latest 4 Quarters)

NT$k Revenue	2Q24 911,349	3Q24 881,118	4Q24 811,025	1Q25 856,815
Gross Profit	38,894	154,239	164,497	184,413
Operating Profit	(62,549)	67,575	66,252	68,332
Non-operating profit	(6,589)	(29,312)	(5,430)	5,417
Pre tax Profit	(69,138)	38,263	60,822	73,749
Net Profit	(90,852)	26,184	65,944	61,595
Net Profit-Stockholder	(90,852)	26,184	65,981	62,010
Net Profit-NCI	0	0	(37)	(415)
EPS (0.92) 0.26 0.68 Pfitbilit				0.60
roay Gross Margin 4.27% 17.50% 20.28%				21.52%
Operating Margin	-6.86%	7.67%	8.17%	7.98%
Pretax Margin	-7.59%	4.34%	7.50%	8.61%
Net Margin	-9.97%	2.97%	8.13%	7.19%

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Balance Sheet Overview

NT$k TOTAL CURRENT ASSETS	2022 1,999,206	2023 2,122,070	2024 2,044,809	2025Q1 2,338,718
TOTAL ASSETS	3,530,730	3,635,101	3,498,592	3,778,957
TOTAL LIABILITIES	2,056,551	1,631,976	1,374,943	1,222,047
SHAREHOLDERS'EQUITY-Stockholder	1,474,179	2,003,125	2,102,520	2,536,164
SHAREHOLDERS'EQUITY-NCI	0	0	21,129	20,746
TOTAL LIABILITIES AND EQUITY	3,530,730	3,635,101	3,498,592	3,778,957
負債比(%)	58.25	44.89	39.30	32.34
長期資金佔不動產比率(%)	1,403.12	2,010.12	2,020.78	2,175.17
流動比率	147.29	221.23	248.06	231.62

Dividend Payout

Year/Item	~~k~~ ~~h~~ EPS Per share	~~k~~ ~~h~~ EPS Per share	~~k~~ ~~h~~ EPS Per share	~~k~~ ~~h~~ EPS Per share
2024	~~Stoc dividend~~ ~~Cas dividend~~ 0 0.4 0.02
2023	0 0.4 0.87
2022		0	0.4	1.21
2021	0 0.5 1.29
2020		0	0.5	-1.78

AT A GLANCE

$35.73 億 700+ Group Revenue 4916:TW (Run Rate 2024) Employees $8.57 億 Worldwide Group Revenue (Run Rate 2025 Q1) Taiwan (HQ) 2001 California (2) Aerospace Founded Defense Nevada Gaming Mexico Medical 2013 US Headquarters Industrial IPO Santa Ana, CA

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Quality Aerospace Medical PTI & PMX

Military

Aerospace

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Aerospace

A full-service embedded design & manufacturing company with emphasis on EMS & ODM Solutions.

In business since 2001, PARPRO was IPO in 2013 with a New Global Strategy, specializing in contract manufacturing, and the design and manufacturing of processor based embedded solutions to serve OEMs in a variety of vertical markets.

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Military
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COMPANY HISTORY

• PARPRO is an established OEM Company with a solid Strategy/Structure and strong vertical focus on Aerospace & Defense, Gaming, Medical, Communications and Industrial applications.

• Track record of acquiring and growing complementary businesses.

• Strategy is well perceived by key customers, with organic growth and profitability expansion.

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PANDEMIC
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PARPRO PRESENCE

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EUROPE (1) SALES

USA (2) MEXICO (1+1) 650-700+

TAIWAN (1) 4 LOCATIONS

TOTAL EMPLOYEES

LOCATIONS

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PARPRO TECHNOLOGIES

PARPRO CORPORATE

PARPRO NEVADA

PARPRO MEXICO

PARPRO TAIWAN

SANTA ANA, CA SAN DIEGO, CA North America HQ Corporate Office PCB Assembly Integration & Assembly Box Build

HENDERSON, NV Sheet Metal Fabrication Metal Prototyping Integration & Test Integration & Assembly

TIJUANA, MEXICO

Cable & Wire Harness Assembly PCB Assembly Machining & Sheet Metal Fabrication

TAIPEI, TAIWAN

Global Headquarters Asian Sourcing Office

Integration & Assembly

Organizational Cross-functions - Global Supply Chain • Finance • IT • HR • Sales & Marketing

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OUR SPECIALITIES

Markets We Serve

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COMMUNCIATIONS/
AEROSPACE/DEFENSE GAMING/INFOTAINMENT MEDICAL INDUSTRIAL/OTHER EV CHARGING
DATA STORAGE
Cable/Wire Harnesses Gaming Boards PCB Assembly Data Center Switch, Industrial Automation EV Systems
Electromechanical Gaming Kiosks/Slot Embedded Medical Appliances Smart Devices
Assemblies Machines/Cabinets Platforms & Systems Storage Array Controllers Transportation Systems
Chassis/Enclosures Player Tracking Deep Packet Inspection,
Integration Vending Machines Load Balancing
Control Systems Interactive/Self-serve Kiosks
LOW VOLUME, HIGHER MIX
MID VOLUME, MID MIX
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HIGHER COMPLEXITY

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MARKET REQUIREMENTS/OUR FOCUS MARKETS

Common Across Target Markets

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Quality, Reliability
Highly Regulated Parietal
Lobe & Reputation Parietal
Highly regulated (FAA, FDA, Gaming
Lobe
Commissions, Federal Government, Quality and reliability
ITAR) - Expensive to enter, very important
certifications required.
North American Process
Parietal
Manufacturing Control
Parietal
Lobe
North American Lobe
Process/revision control
Manufacturing location
paramount
required in many cases.
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EXECUTIVE HIGHLIGHTS

• Factory Expansion - Mexico footprint expansion

for expanding customer needs, along with strong demand to move away from China/Asia sourcing based on political influence

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• Geography provides resiliency against geopolitical tensions, flight time/costs, and tariffs while being more accessible to North American customers.

• 100% North American footprint with the ability to offer scaled production in Mexico.

• Focusing on the most attractive market leaders including electrification (EV), defense & aerospace, medical, industrial, gaming and self-serve kiosks.

EXECUTIVE HIGHLIGHTS

• Gaining Market Share by deepening existing customer relationships and being

• selective on customer cultural fit.

• Experienced & Values-Based Management team managing through challenging

• market conditions.

• Key Certifications – CMMC (Cybersecurity Maturity Model Certification) 2025 Department of Defense information security requirement for contractors – providing a competitive advantage for military/defense contracts. In addition, we hold several other key certifications – Aerospace – AS9001D & NADCAP, Medical

• ISO-13845, Military – ITAR, NIST 800-171

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Strong Demand for North America Sourcing Away from China/Asia

UNDER THE NEW USA GOVERNMENT ADMINISTRATION & PRESIDENT TRUMP

Nearshore manufacturing is a trend that will continue to rise as offshore trade sectors such as China become more complex. PARPRO has over 250,000 sq.ft. of manufacturing space in Mexico. Under the maquiladora program, PARPRO’s near-shore manufacturing facility in Mexico benefits from this preferential tariff program set up and administered by American & Mexican Governments. 95% of PARPRO and its Customers are inside the “Trump Wall” and will not be affected significantly by newly imposed Tariffs and ‘Political Climate’!

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CLEAR STRATEGY FOR GROWTH

COMPANY FACTORS

• MARCO-FACTORS INDUSTRY TRENDS COMPANY FACTORS

• • Outsourced manufacturing will • Innovation • Reputation and leadership

• continue to be a widely used • Increased demand for contract • Deep integration with clients’

• business strategy for U.S. based manufacturing services planning

• •

• companies Value-added service partners • Loyal customers poised for growth

• • • Strong North American economy Higher quality products • Advanced capabilities & experience

• • • Technological advancement in Enhanced capabilities • Key Certifications

• electronics • Flexible manufacturing • Seasoned management team

• • Proliferation of electronics • Growth in revenue and earnings

• products in daily interactions • Footprint expansion

• • Onshore or nearshore manufacturing options

• • M&A opportunities

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Compelling Investment Opportunity

Electronic Manufacturing Services (EMS) Market Analysis: Revenue, Growth Rate, Market Share and Forecast 2023-2030

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PARPRO TARGETING POSITIVE GROWTH 2025 and beyond Via Niche/ Value Markets (Regulated Markets)

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PARPRO Seashell

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2020
2021
“We are getting
Stronger &
Stronger both
2022
in Revenue,
Profitability,
and as a Team”
2023
2024
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QUARTER BY QUARTER FOR 10 YEARS

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2025 - FUTURE LOOKS GOOD
Strong backlog, China & Mexico in new political climate,
military/government conflicts
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www.parpro.com
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THANK YOU

Q & A

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www.parpro.com