Primax — Interim / Quarterly Report 2021

Oct 28, 2021

PRIMAX ELECTRONICS

QUARTERLY FINANCIAL RESULTS | TAIWAN | 28 OCTOBER 2021

For More Information Please Contact

Ellen Tseng

Director | Investor Relations | Taiwan IR@primax.com.tw

Dave Chiou

Investor Relations | Taiwan

INVESTOR RELATIONS Primax Electronics 3Q 2021 Financial Results

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PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

INVESTOR RELATIONS & QUARTERLY UPDATE I 1

PRIMAX ELECTRONICS

QUARTERLY FINANCIAL RESULTS | TAIWAN | 28 OCTOBER 2021

Primax Speakers

YY Hsiao

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Senior Vice President | CFO |
Taiwan Meeting Agenda
Ellen Tseng
Director | Investor Relations |
Taiwan Quarterly Results
& Update
20’
Trends & Growth
Opportunities
15’
Investor Questions
& Feedback
10’
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Safe Harbor And Disclaimer

Primax’s presentation contains forward-looking statements subject to significant risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In this context, you can identify forwardlooking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.

Actual results may differ materially from those contained in the forward-looking statements due to risk and uncertainties resulting from a number of important factors. Such factors include, but are not limited to: our highly competitive environment; the cyclical nature of our business; our ability to develop new products; and our successful execution in new business developments, and etc. All forward-looking statements in this presentation are based on information available to us as of the date hereof, we undertake no obligation to update these forward-looking statements for new information, future events, otherwise, or update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

Copyright © 2021 Primax Electronics

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

INVESTOR RELATIONS & QUARTERLY UPDATE I 2

PRIMAX HIGHLIGHTS OF THE QUARTER

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Quarterly Revenue (NTD million) Quarterly Sales Breakdown (%)
3Q21 EPSNTD 1.50 25,291 25,014 37% 35% 39% 52% 29% 28% 31%
Up 10% QoQ 16,704 16,251 18,907 [19,559 ] 17,159 16,448 17,669 10% 6% 4% 12%6% 14%6% 14%6%
13,641 13,524 13% 17% 14% 5%
9M21 EPS 12%
NTD 4.00 40% 41% 43% 53% 52% 49%
31%
up 16% YoY
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Interface VT Business Equipment Audio
1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Quarterly Revenue Growth YoY (%) Quarterly Revenue Growth QoQ (%)
• Visual business strong from car ADAS
adjustment to product mix 29% 35% 51%
27%
• Interface business YoY growth 15% 13% 22% 20% 16%
decelerating from a high base in 3Q20 7%
3%
1%
• Business equipment growing robustly
from back to office demand 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
-1% -3% -7% -1% -12% -4%
• Audio revenue lower than expected due -26%
to severe component constraints -25% [-22%] -46%
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INVESTOR RELATIONS & QUARTERLY UPDATE I 3

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX FINANCIAL DASHBOARD

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Primax 3Q21 Highlights ─ Profit Before Tax (PBT), Gross Margin, Operating Margin, EPS, And Return On Equity And Assets
Profit Before Tax Gross Operating Earnings Per Share Net Profit Net Profit Margin
QoQ Growth (%) Margin (%) Margin (%) QoQ Growth (%) Margin (%) QoQ Growth (ppt)
9.3% 13.5% 4.2% 9.5% 3.9% 0.1
Quarterly Earnings Per Share (NTD) Return On Equity And Return On Assets (%)
1.72 1.73 17.2% 2016 2017 2018 2019 2020
1.35 1.37 1.50 16.3% 15.4%
13.7%
1.13 1.13 13.0%
0.93
0.80 0.82
0.62
5.4% 5.9% 4.8% 5.0% 4.2%
1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Component shortages have resulted in lower customer orders, Primax 2016-2020 Primax 2016-2020
thereby suppressing 3Q21 EPS growth Return On Equity Return On Assets
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INVESTOR RELATIONS & QUARTERLY UPDATE I 4

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX INCOME STATEMENT

	Quarterly Gross Margin (%) Quarterly Operating Margin (%) 11.3% 11.3% 13.0% 11.7% 12.5% 13.3% 13.5% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 1.5% 2.4% 4.7% 4.1% 3.5% 4.0% 4.2% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21		3Q 2021 QoQ YoY 2Q 2021 3Q 2020 (NTD million)
			Net Sales 17,669 16,448 18,907 7.4% -6.5%
			COGS 15,285 14,257 16,452
			Gross Profit 2,384 2,191 2,454 8.8% -2.9%
			Gross Margin (%) 13.5% 13.3% 13.0% 0.2 ppt 0.5 ppt
			Operating Expense 1,646 1,533 1,558 7.4% 5.6%
			Operating Expense (%) 9.3% 9.3% 8.2% 0.0 ppt 1.1 ppt
			Operating Income 738 658 896 12.3% -17.6%
			Operating Margin (%) 4.2% 4.0% 4.7% 0.2 ppt -0.5 ppt
			Non-operating Items 130 137 168
			Income before Tax 868 795 1,063 9.3% -18.3%
			Income Tax 182 167 235
			Net Income 686 627 828 9.4% -17.1%
			Net Margin (%) 3.9% 3.8% 4.4% 0.1 ppt -0.5 ppt
			NI attributed to Primax 672 611 773 9.9% -13.1%
			EPS (NTD) 1.50 1.37 1.73 9.5% -13.3%

INVESTOR RELATIONS & QUARTERLY UPDATE I 5

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX BALANCE SHEET

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Current Ratio & Leverage (%)
120% 118% 120% 126% 126% 121% 120%
71% 70% 71% 67% 70% 72% 71%
1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21
Current Ratio Total Liabilities-To-Assets Ratio
3Q21 Balance Sheet Key Indices (days)
AR Turnover AP Turnover
83 117
Inventory Days Cash Conversion Cycle
66 31
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ET
(NTD million)	3Q 2021	2Q 2021	1Q 2021	4Q 2020	3Q 2020
Cash	5,176	5,127	6,167	6,935	10,839
Notes & Accounts Receivable	14,007	13,207	12,145	13,579	14,807
Inventory	12,709	11,225	10,242	10,247	8,790
Total Current Assets	40,288	40,748	39,547	35,110	37,470
Fixed Assets	7,333	6,601	6,497	6,542	6,505
Total Assets	53,934	53,590	52,646	47,307	50,179
Notes & Accounts Payable	15,965	14,556	15,205	19,001	17,114
S-T Borrowings	9,975	10,334	8,662	905	6,530
CPLTD	288	275	121	75	0
Total Current Liabilities	33,528	33,644	31,316	27,941	31,201
L-T Borrowings	1,112	1,147	1,334	681	364
Total Liabilities	38,202	38,518	36,707	31,806	35,403
Total Equity	15,731	15,072	15,939	15,501	14,776

INVESTOR RELATIONS & QUARTERLY UPDATE I 6

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX STATEMENT OF CASH FLOWS

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Operating Cash Flow (NTD million)
6,628
3,961
3,412
2,268
1,787
2016 2017 2018 2019 2020
Capital Expenditure (NTD million)
3,485
2,689
1,913
1,202
1,034
2016 2017 2018 2019 2020
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	(NTD million)	3Q21 YTD	2Q21 YTD	1Q21 YTD	4Q20 YTD	3Q20 YTD
	From Operations	(7,198)	(10,500)	(8,572)	3,961	2,049
	- Income Before Tax	2,297	1,429	634	2,478	1,931
	- Depreciation & Amortization	1,475	1,000	515	2,230	1,682
	- Notes & Accounts Receivable	(425)	373	1,434	5,630	4,413
	- Notes & Accounts Payable	(3,036)	(4,445)	(3,796)	(4,744)	(6,630)
	- Inventory	(2,563)	(1,015)	14	(39)	1,416
	- Other OperatingSources	(4,946)	(7,842)	(7,373)	(1,594)	(763)
	From Investment	(2,562)	(1,148)	(517)	(2,796)	(2,131)
	- Fixed Assets	(2,490)	(1,157)	(533)	(2,689)	(2,008)
	- Other InvestingSources	(72)	9	17	(107)	(123)
	From Financing	8171	9,969	8,390	(975)	4,330
	- S-T Borrowings	9,070	9,429	7,757	(187)	5,438
	- L-T Borrowings	645	666	700	577	186
	- Cash Dividend	(1,355)				(1,077)
	- Other FinancingSources	(189)	(126)	(66)	(288)	(216)
	Net Cash Position Change	(1,589)	(1,678)	(699)	190	4,247
	Effect of Foreign Currency	(170)	(130)	(70)	44	(109)
	Cash At Beginning of Year	6,935	6,935	6,935	6,701	6,701
	EndingCash Balance	5,176	5,127	6,167	6,935	10,839

INVESTOR RELATIONS & QUARTERLY UPDATE I 7

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

CASH DIVIDEND AND 2021 CALENDAR

Cash Dividend Per Share (NTD)

Cash Dividend Payout And Dividend Yield (%)

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70% 70%
3.20
3.00 57% 61%
50%
2.50 2.40 2.40
2.10 30
5.2% 5.3%
5.0%
4.4%
4.0% Yield calculations
based on June 30
2016 2017 2018 2019 2020 close price
2015 2016 2017 2018 2019 2020
Financial Calendar For 2021 And CSR & ESG Awards
CSR & ESG
1Q 2021 Results 2Q 2021 Results 3Q 2021 Results Accolades
March 30, 2021 July 29, 2021 October 28, 2021
• Ranked top 5% among 1600+
Taiwan listed company by
Taiwan’s FSC (2016, 2017,
2019, 2020)
• TCSA Taiwan corporate
sustainability and CSR
Annual General Dividend Payment 4Q 2021 & Annual Sustainability Award
Meeting Results
July 13, 2021 September 10, 2021 TBD, 2022 • SGS Annual Sustainability
award
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INVESTOR RELATIONS & QUARTERLY UPDATE I 8

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX 4Q 2021 OUTLOOK

Sales Outlook Interface & Biz Equipment Primax Interface growth will anticipates maintain at double digit YoY. double-digit Primax expects new business Primax Sales Outlook QoQ revenue product contributions to rise growth in 4Q. in 2H21. Thanks to peak season, our audio orders will see strong Demand for printers and T MFP will continue to enjoy uptick if our component high YoY growth in 4Q21. supply issues can ease off timely.

Visual Technology

Police body cam growth rate will revitalize in 2H21, shaking off the slow start in 1H21.

ADAS camera demand would sustain at reasonable growth rate, while smartphone camera module revenue and mix would decrease.

Audio

Consumer speakers and smart speakers will be the key growth drivers.

Should component shortages ease off in 4Q21, audio revenue could grow more robustly QoQ due to pent-up demand from 3Q21.

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Primax Profit Outlook

Gross margin expected to see QoQ decline due to rising consumer audio mix, but operating margin likely maintain >= 3Q21’s level

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Interface / Biz Equip The combined interface / business equipment profit will show strong YoY growth thanks to better margins and the strong recovery of the printer business.

Visual

Profit growth in 4Q21 would come mainly from an increase of car ADAS contributions.

Audio

Due to the rise of consumer audio and smart speaker product mix, 4Q21 audio gross margin would be a bit lower than 3Q21, but will still be 2-3 ppt higher than 4Q20 as we have already diverted away from most low-margin products.

INVESTOR RELATIONS & QUARTERLY UPDATE I 9

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX 2021 STRATEGY AND OUTLOOK

Primax Targets & Strategy

Deepen 3 senses In 1 strategy

Continue to expand new smart devices to inject growth momentum, increase high value-add new products to the mix each year, such as AIoT and Smart Access products.

Profit growth over revenue growth

Due to a continuous effort of optimizing our product and customer mix, gross margin and operating margin would likely see an improvement in the future. Primax is now adopting a profit over revenue growth strategy to optimize profitability and shareholders’ return.

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Intelligence Interface Segment

PC and gaming peripheral demand remain robust thanks to WFH (work from home). High growth is also expected from new businesses such as smart homes, docking, and wireless charging.

Visual Technology Segment

EV and ADAS demand would likely show strong growth in the coming years thanks to an US-based customer. Primax also aims to increase margins on its nonsmartphone camera module mix.

Audio Segment

Growth would mainly come from consumer audio and video conference demands, coupled with new projects kick-off, Primax’s audio profitability should improve significantly on a YoY basis.

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Increase High Value-Add Products

Primax’s strategy of gradually increasing commercial and industrial contribution from AIoT (ie. fleet management and law enforcement body camera) and smart home (smart locks and smart doorbell), should be growth drivers in the future.

Upgrade Manufacturing Capabilities

Primax is pushing ahead towards Smart Manufacturing and Industrial 4.0 concept, with aims of increasing efficiency and lowering costs for the company.

Diversifying Capacity

With aims of mitigating country risks, Primax’s Thailand manufacturing site is currently uder construction and will be ready for production by 2021 yearend.

INVESTOR RELATIONS & QUARTERLY UPDATE I 10

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX AT A GLANCE AND LONG-TERM GROWTH STRATEGY

2020 Group numbers of:

• Revenue = NTD 68.24 billion Net profit = NTD 1.92 billion

CAGR 1989-2020

• Revenue = 15%

• Net profit = 14%

Stable returns

• 50%+ dividend payout

• 4-6% dividend yield















Founded in 1984 with long-term growth strategy of:

• Riding on the trend of “A World of Smart Everything”

• “3 senses In 1” strategy

• Value over scale

• Diversity to mitigate risks

Worldwide employee of 17,000+

Solid financial performance

• Strong cash cow business

• High ROE (5-year average

• of 15.6%)

Corporate governance & ESG

• Highly rated (2016, 2017, 2019, 2020)

• High ranked CSR/ESG (#38)

• SGS Sustainability Elite Award

• TCSA (top 50 Sustainability Award & Platinum Award for CSR report)

INVESTOR RELATIONS & QUARTERLY UPDATE I 11

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

DIFFERENTIATION AND CORE COMPETENCY

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Uniquely Positioned

Long History of ReODM Design Service Investing Provider

Moving Away From Low Diversity To Mitigate Value Add Risks

• 3 senses in 1 strategy

• A value added approach

• Long, proven track record since 1984

• Positioned as the go to ODM design service provider

  • Moving away from  China, Thailand and me-too business Czech manufacturing

  • Moving to higher  Singapore treasury margin products center

• Achieving through product life cycle transition

• All in one solutions product life cycle

• provider transition

• Visual, audio and  New technology

• interface expertise evolution

• Original design and manufacturing

• Flexible approaches and strong and long lasting relations with clients

• Seeking out cloud  US early engagement based service engineering team provider customers  UK R&D center in need of a reliable  Taiwan R&D and long-term hardware pilot run site provider

INVESTOR RELATIONS & QUARTERLY UPDATE I 12

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

SUSTAINABLE SUCCESS IN PRODUCT DIVERSIFICATION

1999 Scanner 2007 Keyboard 2015 Auto Silitek (Chicony), 2005 Printer Genius, Darfon, LG Innotek, Mustek, Avision, Kinpo, Hon Hai Chicony, Lite-on Tech, Semco UMAX, Microtek Ichia, Sunrex, BTC*

1984 Telephone Jack 2000 Mouse 2006 Camera Module Genius, Darfon, Chicony, Kinpo, Hon Hai, Chicony, Lite-on Tech, Ichia, Sunrex, BTC* Lite-on Tech

2010 Audio

Eastern Tech, GGEC, Inventec, Merry, Luxshare, Goertek

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Revenue (NTD billion) Adjusted ROE 35% 35%
15%
19% 16% 16% 17% 14% 13%
14% 8% 10% 13% 7% 12% 16% 8% 16%
3% 2%
-4%
-26%
12.6 11.4 11.2 11.6 17.3 16.0 18.4 13.7 18.7 21.6 28.8 41.1 47.3 43.1 42.3 52.2 63.5 64.3 60.7 64.8 80.6 68.2
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
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Note: (1) Companies with an asterisk are delisted or no longer in business. (2) Primax’s 2008-2016 ROE is calculated on a conservative basis, adding back NTD 1.2 billion in goodwill that was written down before re-listing. PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS INVESTOR RELATIONS & QUARTERLY UPDATE I

INVESTOR RELATIONS & QUARTERLY UPDATE I 13

PRODUCT PORTFOLIO AND APPLICATIONS

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Historical 2020 Sales
Classification Product Portfolio
Range Breakdown
29-48% 39
Smart Lock Wireless Docking Gaming Mouse Mouse & Keyboard Gaming Controller [Smart Remote] Trackpad
Intelligent Interface Charging & Keyboard
14-30% 14
Visual Technology Dash Camera Police Body Camera ADAS Camera Camera Module Multi-Camera Ultra-Slim 360 Cam 4K 360 Cam
6-13% 6
Business Equipment Surveillance MFP Thermal Printer Scanner / ADF Mobile Photo Printer
15-51% 42
Conference TWS Headphones Smart Portable Home Audio Loud Speaker Transducer
Audio Products Speaker Speaker
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INVESTOR RELATIONS & QUARTERLY UPDATE I 14

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

3 SENSES IN 1 HARDWARE SOLUTIONS PROVIDER

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3 Senses In 1:
Audio, Visual, Interface
Auto & EV
WFH Smart Home Visual (ADAS)
Conference Webcam Smart Access (Lock / Doorbell) Audio
WFH IoT / AIoT Smart Home 5G / Cloud / AI Auto & EV Audio
IoT / AIoT
5G / Cloud / AI Audio
Fleet Management
Fleet Management New Audio
Smart Access
Surveillance
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INVESTOR RELATIONS & QUARTERLY UPDATE I 15

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

INTELLIGENT INTERFACE GROWTH FROM IOT

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Tuning Integration Compatibility
Capability Capability
Computing Data Transfer Sensing Power
Smarter Interface Core Technology
Devices AET & Lab 2.0
Docking Smart Access Webcam Content Creation Products Mouse Keyboard Trackpad
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INVESTOR RELATIONS & QUARTERLY UPDATE I 16

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

HIGHER VALUE-ADD VISUAL TECHNOLOGY

From module to system / sub-system Higher value add / higher ASP / mid-volume

Full spectrum of Robot, machine integration vision, and wearable Capability: optical, ME, EE, FW, audio and video, and RF Automotive, fleet management, surveillance, and conference

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Diversifying into non-smartphone CCM which includes auto, surveillance, conference, and door lock and doorbell

INVESTOR RELATIONS & QUARTERLY UPDATE I 17

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

WELL POSITIONED IN AUDIO SEGMENT

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Professional Audio
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Speaker / OTE Headphone

Events, concert, studio, commercial, and other audio equipment

Be the go to supplier for major international brands, where the industry’s entry barrier is based on scale and expertise

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Conference Products & Live Sound
IoT / Transducers
Primax + Tymphany synergy is well
Automated manufacturing process +
positioned to capture market growth
acoustic expertise
opportunity
TWS (True Wireless Stereo)
Automotive
Robust market growth opportunity and
EV and ADAS driven
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Conference Products & Live Sound
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TWS (True Wireless Stereo) Robust market growth opportunity and a proven track record

INVESTOR RELATIONS & QUARTERLY UPDATE I 18

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

PRIMAX KEY INVESTMENT THESIS

Growth Opportunities

3 senses in 1 strategy

Car electronics (EV / ADAS), fleet management, surveillance, and smart door lock and doorbell

Capitalizing On Mega Trends

AIoT, smart home, 5G / cloud / AI, auto and new audio

Margin Expansions

Better product mix, increase new businesses, and focus on low-medium volume but higher margin and / or ASP products

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3 4
Margin Capital
2 Trend 5
Shareholder
ECONOMIC LEGAL
Growth CSR / ESG
1 6
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Capital Deployment

Increase dividend payout, less capex and strong free cash flow generating ability

Shareholder Return

Historically paid out 50-70% of earnings, with ROIC > 13% and ROE at about 15%

Commitment To CSR / ESG

Management has strong commitment to CSR / ESG, and Primax is oftened ranked as one of the best CSR /ESG listed entities in Taiwan

INVESTOR RELATIONS & QUARTERLY UPDATE I 19

PRIMAX | COPYRIGHT © 2021 PRIMAX ELECTRONICS

Primax Electronics Headquarter

Taipei City

No. 669, Ruiguang Road, Neihu District 114 Taipei City, Taiwan +(886 2) 2798 9008 IR@primax.com.tw

About Primax Electronics

Primiax Electronics was founded in 1984 and is a leading supplier of IT, electronic and consumer solutions. The company is headquartered at Neihu Technology Park in Taipei City. Guided by the principle of "Global Operations with R&D and Smart Manufacturing in Taiwan", Primax now operates across Asia, The Americas and Europe. Highly-efficient production sites have been established in Taiwan, China and Thailand and the company has over 10,000 employees worldwide.

Seeing the potential of cloud technology and IoT, Primax has successfully developed human-machine interface products with touch, voice control, gesture recognition and wearable functions. Vision and video products have achieved notable successes in smart surveillance systems, mobile devices, smart homes, and advanced driver assistance systems. Our insistence on maintaining high yields as well as high quality in manufacturing and development is backed by our technical expertise. Our implementation of smart system engineering has also made us an indispensable partner for leading international brands and has allowed us to build up the energy needed for future growth. For the latest news from Primax Electronics, visit our website or follow us on

Safe Harbor And Disclaimer

Primax’s presentation contains forward-looking statements subject to significant risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In this context, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.

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Actual results may differ materially from those contained in the forward-looking statements due to risk and uncertainties resulting from a number of important factors. Such factors include, but are not limited to: our highly competitive environment; the cyclical nature of our business; our ability to develop new products; and our successful execution in new business developments, and etc. All forward-looking statements in this presentation are based on information available to us as of the date hereof, we undertake no obligation to update these forward-looking statements for new information, future events, otherwise, or update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

Copyright © 2021 Primax Electronics