TOPKEY — Investor Presentation 2021

Mar 10, 2021

- Stock Code 4536

• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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Copyright © TOPKEY Excellence In Composites 2
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TOPKEY CORPORATION

Chairman： Walter Shen Vice Chairman： Tony Chu President： Beryl Shen Staff： 292 (Topkey Group 5,957 people ) Established on： 1980/07/11 <41 years> Capital： NT$ 908.2 Million Address： 18.20th Road, Industrial Park Taichung, Taiwan, R.O.C.40850

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TOPKEY Group

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TOPKEY CORPORATION
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KEENTECH COMPOSITE TECH. CO.,LTD Composite Solutions Corporation XING LIN PLANT

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TAIWAN, ROC XIAMEN, CHINA SEATTLE, USA
1980 1988 1995
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YEU CHUAN COMPOSITE XIN HONG ZHOU PRECISION VALVER COLOR STICKER CO.,LTD KEENTECH COMPOSITE TECH. CO.,LTD
TECHNOLOGY CO.,LTD TECHNOLOGY CO.,LTD HOU XI PLANT
XIAMEN, CHINA XIAMEN, CHINA XIAMEN, CHINA XIAMEN, CHINA
1999 2000 2004 2007
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TOPKEY Organization Chart

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Board of Shareholders
Board of Directors
The Audit Committee
Chairman Audit Office
Compensation Committee
Vice Chairman
Board Office
Group Business Development Committee
Finance Center
President
ESH Committee
General Manager Office
Information Security Committee
Functions
Aviation & Industrial Safety Human
Corporation Research and
Medical Products Products Resource
Functions Development
Business Unit Business Unit Business Unit Center
Center
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TOPKEY Manpower Analysis

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R&D Personnel
Master degree above
Research Develop
Unit Business Headcount 7%
Manpower Manpower
TK Composite 292 18 20 Others
35%
Aviation, Medical
KT 4,453 23 322
Sporting goods
YC Safety 628 33 42
R&D
XPT Tool, VCM 429 18 3 Resources
Water transfer
YF 97 2 0
Printing
CSC Aviation 58 0 3
Bachelor
TOTAL 5,957 94 390
58%
1.6% 6.5%
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Total 5,957 headcount with R&D personnel at 8.1%

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TOPKEY Composite Material Development

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Comprehensively emphasize in environmental
protection material development and aviation
material certification
Production of Carbon fiber aircraft
interior and medical relatives
M&A Composite Solutions Corporation
in Seattle , USA
Production of carbon fiber Bicycle frame
and Helmet
Production of carbon fiber Racket
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Diversification of Products and Industries

CFRP (Carbon-Fiber Rein-enforce Polymer) as the core material, Six industries in terms of scale and technology are leader of the industry.

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MOEA 5[th] National Industrial Innovation Award

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• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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The Characteristics of Carbon Fiber

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The Density is smaller
than aluminum
(lighter than aluminum)
Conductive as copper
Superior
Electricity Properties
+
Thermology Properties
The heat-resistant
+
Carbon Fiber is better than
heat-resistant steel Mechanics Properties
The proof against
corrosion is better
than stainless steel There is no other material
possess so many superior
properties.
Almost no distortion The strength is
(Thermal expansion better than steel
and contraction)
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Quality-Qualification & Certification

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AS9100D/14001-TK ISO9001/AS9100D/14001-KT
NADCAP/ISO9001/TAF-TK NADCAP/AS9100B-CSC
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• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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RACKETS & SPORTS

• Annual Production Capacity 1.2 Millions.

• ’

• World s Largest OEM Composite Racket Supplier.

• 40% Seed Player Selected Rackets.

• ’

• 2017 French Open and US Open Men s Singles Champions.

• ’

• 2018 French Open Men s Singles Champion and Boy’s Singles Champion.

• ’

• 2019 French Open Men s Singles Champions.

• ’

• 2019 US Open Men s Singles Champions and Runner-ups.

• ’

• 2020 French Open Men s Singles Champions.

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BIKE PRODUCTS

• Annual Production Capacity 300,000 sets.

• Seven pro-teams Selected Bikes.

• ’

• 2016 Giro d Italia Bicycle race Champion.

’  2017 Tour de France, Giro d Italia and La Vuelta Champions.

 2018 Tour de France Bicycle race Champion.

 2019 Tour de France Bicycle race Champion.

• 2019 composite material E-bike

• 2020 Tour de France Bicycle race Champion.

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S-WORKS TURBO LEVO

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SAFETY

• Year capacity 1.3 Millions.

• First design of carbon fiber helmet(1995).

• Lightest helmet(950g) in the world and meets EC standard(2008).

• AGV won 2017 Moto3 Champion.

• AGV won 2018 Moto2 & 2020 MotoGP Champion.

• Motocross, safety helmet

• BELL won 2020 Motocross MX2 Champion.

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MEDICAL

• Niche Market (Slope). Sole Source Supplier.

• ’

• World s leading Slope, Table Top & Accessories for MRI/CT.

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AVIATION - Cabin Interior

Business class with economy class

• •

• Lufthansa United Airline

• • • Air Berlin Fly Dubai

• • • JAL Singapore Airline

• • • ANA Cathay Pacific

• TACA

• TAM

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AVIATION - Aircraft Substructure

• Honda Jet Structural component Parts

• Tail Boom Assemblies for MD900, MD600N, MD520N

• Black Hawk, S-92 (Sikorsky)

• BA-609 (Bell/Agusta)

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AVIATION PRODUCTS

Honda Jet Structural component Parts

Honda Jet has passed FAA Certificate in 2016 and CSC started to produce around 70 parts. Right now, CSC ships 4 set monthly.

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Vertical Skin Horizontal Leading Dorsal Fin Cap Assembly Edge Tip Skin Fairing Assembly Windshield Retainers

Upper and Lower Trailing Vertical Trailing Edge Wing Skins Edge Assembly Fairing

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Upper Leading Trailing Edge Boat Tail Tailcone Edge Pylon Cover Inboard Pylon Skin Assembly with Land

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Wing to Body Fairings Electrical Service Flap Fairings Door Lands

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AVIATION PRODUCTS

Honda Jet Structural component Parts

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Forward Bag
Door Land
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Floor Panels

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Aft Baggage Door
Main Entry Door Air Stair
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AVIATION PRODUCTS

• Tail Boom Assemblies for

• MD900、MD600N、MD520N

• Includes:

Tail Boom Assembly Horizontal Stabilizer Assy Thruster / Rotating Cone Assy Vertical Stabilizers (MD900)

• Graphite/Epoxy Honeycomb Primary Structures

• Delivered as Entire Shipsets Ready for Installation

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AVIATION PRODUCTS

 S-92 (Sikorsky) Air Conditioning Duct Plaster Mold

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PRECISION PRODUCTS-CYCLING BREAKER

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• Since 2015 ：Breaker System/ Gear Ring / Carrier Planet ect.

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PRECISION PRODUCTS-MEDICAL PARTS

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• Since 2006: Mold and Plastic injection for Hook/ Frame/ Battery Door/ Push Button/ Lock connector/ tube etc.

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TP材料介紹

1. Topkey has built 2 million M2 output production line.

2. Topkey has developed 5 engineering plastic formulations and advanced engineering plastic formulations which were used in aviation almost complete.

3. Leading industry with deep drawing fusion technology and one-time composite structure technology. TP composite used in product design or most applied projects as follows:

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Aerospace
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• Aerial inside decoration

• Aerial structure or trailer

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AUTO
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• Car high temperature structure

• Car high attack parts and structure

• Car inside structure and decoration

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3C & Others
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• Consumer electronic structure, such like Laptop, Tablet, Smart Phone, and VR

• Sports equipment parts

• Consumer products impact resistance structure

• Safety and protective parts

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• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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New Business - Aviation

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• Giant commercial aircraft tail parts.

• Seaplane float parts.

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New Business - Aviation

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• Giant commercial aircraft interior material and parts.

• Giant commercial aircraft Business class seats.

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New Business - Aviation

• Composite material will be used on commercial Aircraft Dinner car

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New Business - Medical Devices

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Exoskeletion Robot Suit

Designed for military, service or construction use

Applications

Carry heavy loads, dangerous environments and accident-prone work

Lower-Limb Type

The elderly, or Spinal cord injury(SCI) patients Applications

Not only give basic capacity such as walking, sitting-to standing motions also reduce leg loads for taking device accessories

Upper-Limb Type

Weakened arm muscles or has been amputated or loss arms people

Applications

Providing the user to feed by themselves and basic living skills

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New Business - 3C Products

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• Application in laptop, tablet and Phone case.

• Recently many products have entered the brand development certification stage.

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New Business - Auto

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• Used in the car body structure and plate reinforcement.

• Currently working with a lots of depots design and development.

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TOPKEY Group-Revenue & Gross Margin Ratio

Unit：NT$ Million

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NOTE：2011 ROC GAAP；2012~2020 IFRS

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TOPKEY Group - After-Tax EPS

Unit：NT Dollars

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NOTE：2011 ROC GAAP；2012~2020 IFRS

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• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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Central Taiwan Science Park - Plant simulation

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Vietnam Protrade International Tech Park- Plant simulation

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• About TOPKEY

• Core Competence

• TOPKEY Business group

• New Business

 Industry Investment Plan

• CSR

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TOPKEY Group TOPKEY Family. We Care.

Employees as important assets--- to fill their life rich and diversified increasing their humanistic literacy.

Growing Healthily

Regularly we hold sport competitions and activities. By participating sport competitions and club activities, to balance the staffs’ physical, mental, job and family perfectly.

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Corporate Social Responsibilities - Social care

From the beginning…

• In order to practice corporate social responsibility, TOPKEY Corporation, through the establishment of TOPKEY Education Foundation, invited Taichung area enterprises that interested in social responsibility, as enterprises volunteer, to contribute the community with social welfare organizations.

• As a promoter of corporate volunteer, every year TOPKEY Education Foundation participates Tai-Chung corporate volunteer day and invites all enterprises to join. During the Autumn is gone and the Winter is coming, through the service of children, the elderly, younger, women, new residents, aboriginals, physical and mental disabilities and other ethic groups, in the day with sweat and smile, irrigation heart and nourishing life, making a year of volunteer service results to harvest and collection.

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Corporate Social Responsibilities - Social care T ai-Chung corporate volunteer day 2020/12/12

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Corporate Social Responsibilities - Social care

T ai-Chung corporate volunteer day

2012~2019

2019/11/02 river

• 46 companies, 700 volunteers

2018/11/17 Waipu Expo Site

• 46 companies, 567 volunteers

• 12 Social welfare organizations, 504 service objects • Total 1,071 participants

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2017/12/02 Civic Plaza

• 60 companies, 850 volunteers

• 43 Social welfare organizations, 830 service objects

• 46 park tour booth, 300 volunteers

2015/11/07 Civic Plaza

• 44 companies, 1,200 volunteers

• 35 public interest proposal, 990 service objects • Total 2,000 participants

2013/11/09 Charlotte Park

• 33 companies, 794 volunteers

• 25 Social welfare organizations, 861 service objects

• Total 1,655 participants

• Total 2,000 participants

2016/11/26 Civic Plaza

• 28 companies, 600 volunteers

• 26 Social welfare organizations, 600 service objects

• 115 park tour booth, 800 volunteers • Total 2,100 participants

2014/11/08 Civic Plaza

• 37 companies, 821 volunteers

• 32 Social welfare organizations, 985 service objects

• Total 1,806 participants

2012/12/23 National Museum of Natural Science

• 20 companies, 600 volunteers

• 15 Social welfare organizations, 600 service objects • Total 1,200 participants

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Corporate Social Responsibilities - Social care

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TOPKEY Volunteer earned “2018 Business Volunteer Award”

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CSR -2020 COMPASSION AWARD

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Chairman of TOPKEY earned

“ 2020 COMPASSION AWARD ”

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CSR -2020 COMPASSION AWARD

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THANK YOU For more information, please visit our website: http://www.topkey.com.tw