TAISOL — Interim / Quarterly Report 2021

May 13, 2021

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TaiSol Electronics Co., Ltd.

Safe Harbor Notice

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This Presentation contains forward-looking statements and is subject to risks and uncertainties. Actual results differ from those may materially contained in the forward-looking statements. The Projections should not be interpreted as legally binging commitments, but rather as flexible information subject to change occasionally.

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A e n d a g

• 1Q21 Financial Results

• Business Outlook

• Q & A

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1Q21 Financial Results

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NT$Million

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6,000 5,257
4,669
4,000 3,460
2,000
1,139
-
2018 2019 2020 1Q-2021
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-
FY2018 2020
2018 2019 2020
Sales
(YoY)
+13% +35% +13%
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NT$Million
21.4%
20.6%
20.2%
21.0%
18.6%
2,000
1,653 18.0%
1,600 14.9% 1Q , 2021
15.0%
1,286 1,294
1,200 1,022 1,139 12.0% YoY QoQ
800 9.0% Sales +11% -12%
6.0%
400 G.M. -22% -35%
3.0%
219 342 240 261
169
0 0.0%
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1Q-20 2Q-20 3Q-20 4Q-20 1Q-21
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NT$ Million	1Q 2021	QoQ 4Q 2020	YoY 1Q 2020
Net Sales 營業成本	1,139,482 100.0% 969,487 85.0%	1,294,184 100.0% -12% 1,032,775 80.0%	1,022,144 100.0% 11% 802,981 79.0%
Gross Margin	169,995 15.0%	261,409 20.0% -35%	219,163 21.0% -22%
Operating Exp	149,949 13.0%	185,078 14.0%	155,879 15.0%
Operating Margin	20,046 2.0%	76,331 6.0% -74%	63,284 6.0% -68%
Non-Operating Items	(960) 0.0%	(15,323) -1.0%	23,520 2.0%
Pre-Tax Income	19,086 2.0%	61,008 5.0% -69%	86,804 8.0% -78%
Income Tax Net Income	7,784 1.0% 11,302 1.0%	21,478 2.0% 39,530 3.0%	23,707 2.0% 63,097 6.0%
Net Income to Parent	11,302 1.0%	39,530 3.0% -71%	63,097 6.0% -82%
Minority	- 0.0%	- 0.0%	- 0.0%
EPS (NT$)	0.13	0.45	0.73

Note : Financial data is IFRS adoption

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NT$ Million	1Q 2021	4Q 202	0	1Q 2020
Cash and Cash Equivalents Accounts Receivable Inventories Current Assets	595,898 15% 1,821,437 45% 647,546 16% 3,222,568 80%	667,015 2,083,944 637,898 3,560,517	15% 47% 15% 81%	631,488 16% 1,878,410 47% 452,599 11% 3,168,006 79%
Total Assets	4,017,114 100%	4,388,662	100%	4,027,431 100%
Accounts Payable Current Liabilities	1,156,343 29% 1,932,846 48%	1,249,851 2,304,953	28% 53%	952,566 24% 1,947,385 48%
Total Liabilities	2,329,017 58%	2,701,495	62%	2,387,374 59%
Shareholders' Equity	1,688,097 42%	1,687,167	38%	1,640,057 41%
BVPS-Parent (NT$) AR days Inventory days AP days	$19.2 157 61 113	$19.2		$18.8 179 52 121
		147 48 105
CCC days	104	89		110

Note : Financial data is IFRS adoption

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71.0
57.8
NT$Million 45.8
75.0
60.0
33.3
28.6 28.2
45.0
Thermal Module
29.1 28.0
30.0 23.1
Heatpipe/VC
15.0
Connector
0.0
1Q-20 4Q-20 1Q-21
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PRODUCT	1Q-20 4Q-20	1 Q - 21	QOQ YOY 1Q - 21 & 4Q - 20 N OTES
CONNECTOR	22% 23%	24%	-2.1% 28.5% Notebook remain high demands. Increased Chromebook models to expand orders in 2H.
HEATPIPE/VC	32% 22%	25%	1.89% -10.3% Demands of 5G smartphone shows disappointment, yet overall sales revenues remain steady through high-end, commercial, and ultra-slim notebook
THERMAL MODULE	45% 55%	51%	-16.6% 33.8% Remote work & stay-at-home economy keep pushing demands of NB and server

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NT$Million
18.8
1,200.0
92.0 54.9
214.2
1,000.0
206.2 80.2
118.2
800.0 145.7
115.1 142.3
600.0 136.1
98.5
400.0 657.8
596.4
365.6
200.0
0.0
1Q-20 4Q-20 1Q-21
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APPLICATION	1Q-20 4Q-20	1 Q - 21	1Q - 21 & 4Q - 20 N OTES	9
NB	36% 51%	52%	Shipment grew in 1Q-21 and expecting to continue surging in 2021. Chromebook & Commercial NB are new drives of growth.
SERVER	10% 11%	13%	Cloud service and data center drive shipments growth of server quarter by quarter
DT&AIO	13% 16%	10%	Replace desktop & AIO with notebook are in place due to Covid-19 pandemic
TELECOM	11% 7%	7%	The existing market has not fully inquired of AAU with 64TR &32TR. Instead it needs more 5G end-device and scenario to built the demands of AAU.
SMARTPHONE	21% 2%	4%	5G smartphone to develop towards high-end, and TaiSol adapt selective orders while a keen price competition of heat pipe and VC.

Business Outlook

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Work remotely, digital learning and new trends drive PC growing

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• • Thank you Q & A www.taisol.com sales@taisol.com

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