TRI — Investor Presentation 2021

Nov 26, 2021

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Test Research, Inc. www.tri.com.tw

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Nov. 26, 2021

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Test Research, Inc.

• Establishment: April, 1989

• Founder & CEO: Jason Chen

• • Capital: TWD 2362 million

( USD 78 million)

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Main Product Line

 IT(Image Tester)  SPI(Solder Paste Inspection)  Pre-reflow AOI / Post-reflow AOI  AXI(Automatic X-ray Inspection)  BT(In-Circuit Board Tester)  MDA  ICT

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One Stop Solution Provider in PCBA Production

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Integration of Vision Technologies for the Demands ：
- Dimensional Metrology for Electronic Parts
- Semiconductor Manufacturing/Packaging Process
Calibration
校正技術
Laser Fringe DFF
TRI AOI
Metrology
Linear
共線性
Linearity
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Major Competitors

Korea: Koh Young Japan: Omron  China: Jutze/Sinic-Tek/Holly Malaysia: Vitrox USA: Keysight/Teradyne Europe: Viscom/SPEA

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Global Service Network

More than 3000 customers have been serviced through worldwide partners More than 50 distributors and Rep. worldwide.

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Electronic Industry/Revenue Movement

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5
8 Industrial/Defense
15
18
Automobile
11
12 Household/Game
16
13
Phone/Peripheral
15
12
Network
26
26 NB/Tablet/Peripheral
Semiconductor/IC
12
10
202001-202010 202101-202110
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10000 Annual Sales
NTD Million
-
9000 Uncertainty of global economy
-Delay of 3D AOI launch
-Low price competition in China
8000
-
Economic
Increase of smart
Decline of PC/NB
mobile devices
recovery
7000 application application -
Blue-ocean
Rush capacity 5870
6000 buy triggered by
economic recovery 5388
4919 4951
5000 4754
4387
New FCT
New AOI 7500
4084
+7500/L/D
is not launched 37783894
4000 T
until ’06. 3601
New 7500
Economic
+7006L 3100
New SPI recession
3000 7006
2541
+7100EP
2055 2074
2000 New AOI 1706
7100 15531470
1000 569 [777] [902]
0
'01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20
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EPS
7
6.43
6
5.34
4.87
5 4.67 [5.03]
4.48
4.51 4.63
4.23
4.45
4 3.97
3.41
3.19
3
2.53
2.17 2.52
2
1.82
1 1.02
0
'03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20
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CONFIDENTIAL

Red & Blue-ocean Market Movement in Revenue NTD Million

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000	914 (16%) 1,631 (34%) 1,583 (51%) 2,009 (56%) 3,063 (62%) 2,934 (67%) 3,262 (66%) 1,356 (67%) 4,955 3,123 1,517 1,592 1,856 1,453 1,689 1,578 46% 53% 55% 53% 53% 57% 55% 54% 30% 40% 50% 60% 70% 80% 2014 2015 2016 2017 2018 2019 2020 2021.10 Blue-ocean Red-ocean Gross margin % Blue-ocean: - 3D AOI - Dimensional metrology for electronic parts - Semiconductor process - AXI - BT (~Q3)

TRI 3D AOI Product Roadmap

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SMT Components
0201 >> 15 um
01005 >> 10 um
Mini LED Application
2D TR7700 SIII Plus @ 5.5 um
3D TR7700QE-S @ 5.5 / 3.45 um
SiP/Underfill + Laser @ 10/20 um
Wafer
(TR7700QE-S +IR)
@ 3.45 um
TR7960A (DFF)
Die Bond
+ Laser @ 10/20 um
Inspection
Wire Bond
+ DFF @ 1.0 / 0.5 um
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TRI 3D AOI Product Roadmap

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TR7700QB SII
TR7700Q(L) SII (DL)
-12M/15um
-12M/15um
TR7500QE Plus
-12M/12um
-12M/10, 15um
-12M/10um + 4 Sideview
-12M/5.5um
TR7700(L) QE -12M/15,10um
TR7700QM SII -12M/5.5um
TR7500(L) QE -12M/15,10um+4 Sideview
•
TR7700 QE-S -12M/5.5um,3.45um AOM & AI SW module
•
• 4x DLP + Omni color RGBW lighting Optional Laser module
•
• Optional DFF module
Optional Laser module
•
Optional DFF module
2019 2020 2021 2022
13 Confidential
Speed
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NEW
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TR7700Q SII 3D AOI Highlight

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Industry-Leading Inspection Speed up to 57 cm[2] /sec

Ease of Programming with TRI’s Smart Library Multiple 3D Technologies: Zero-escapes Inspection

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14

Confidential

Upgrade DFF 3D Technology

0.5  Optimal focus position µm  Clearer 2D Images  1 µm Sharper images  Shadow-free 3D Image Ultra High Resolution Semiconductor SMT -Wire bond –Solder joint

Semiconductor -Wire bond

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15

TR7700QE-S 3D AOI Highlight

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Supports 3.45 / 5.5um Ultra High Resolution

Inspection Solutions for Semiconductor Packaging Level:

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SMD
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Underfill
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16

Confidential

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TRI’s SPI Innovations
Fast Inspection Precision Smart
Speed Inspection Factory
5.5
μm
Large FOV High Resolution Closed Loop
CoaXpress Technology Shadow Free IPC-CFX
Dynamic Imaging Smart Warpage Technology Smart Library
Stop & Go Imaging High Inspection Range YMS 4.0
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Confidential

TR7007D/Q Plus Series SPI New Features Improved Inspection Stability and Capability

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Enhanced 2D Light Improved Imaging Easy Maintenance

Full Size Support Pin (Optional)

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New Log Interface

Easy hardware Upgrading design

NEW Motion Controller

A Full Line of 3D In-Line AXI

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NEW NEW
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TR7600(LL/TL) SIII

TR7600F3D(LL) SII

A new generation of TRI’s hallmark inline PCBA inspection solutions. Designed for industry’s fastest high resolution imaging speed with greatly improved image quality in the advanced automatic X-ray inspection.

Faster inspection speed, ultra high resolution 3D CT X-ray inspection, highest image quality. maximize production yields on any production line.

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BT Parallel Test for Different DUTs (Multi-Program)

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TR5001 SII Quad-code System
Testing Time Comparision
10
101.1%
100.2%
100%
9
TR5001 SII Single-Core TR5001 SII Dual-Core TR5001 SII Quad-Core
(100.0%) (100.2%) (101.1%)
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High Density Pin Count ICT TR8100H SII / TR8100HL SII

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NEW
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Original Test Points. New SII Model Model TR8100LV 3584 pins 7056 pins ~~SII~~ TR8100LLV 5632 pins 11088 pins

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21

Confidential

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TRI Integrated Total Solution
Metrology
Multi-Sensing
AOM
2D/3D
AOI & AVI
Industry 4.0
Hermes/CFX
TRI
SECS/GEM AI
AOI
22
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TRI New TRI Measurement Functions (AOM)

 UI: New designed and friendly user interface

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Measure
 Features: More complete Feature
measurement functions will be Construction
available Method
Measure
Target
Assign
System
 High Flexibility: Multi-Layer
measurements
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23

TRI's AI Application Can be divided in Two Phases

AI Defect Detection / Character Recognition / Visual Inspection / Measurement assistance Inspection PhasePhase Advantage: Improve Inspection Quality and Reduce False Calls RS Repair Station Defect Classification and Re-Inspection Phase Advantage: Reduce the workload of manual Re-Inspection AOI SPI AXI TRI Inspection Solutions TRI AI Station Repair Station(s)

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TRI’s AI Solutions

1. AI Smart Programing

2. AI Station: Client-Server AI Inspection Fine-tuning

3. AI Verify Host: AI Repair Station

4. : AI Inspection

• AI OCV/OCR

• • AI Defect inspection

• • AI Cosmetic Inspection

• • AI Foreign Materials

TRI’s AI Development Roadmap

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AI Road Map:

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Short Term Mid-Term Long Term
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 Fast development  Technical cultivation  Unmanned AOI  Commercial Library  Open-source Solution  Zero escape and false call  Cooperation  Inference/Training Server  TRI Standard Spec  Faster and more accurate

AI applications:

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♦ RS Second ♦ Cosmetic ♦ Anomaly
stage review Inspection inspection
♦ AI Foreign ♦ IC Lift lead ♦ Auto
material inspection programming
inspection
♦ AI Alignment ♦ Agile training
♦ AI OCR (at customer
♦ Wire Bond
site)
Inspection
2019 2020 2021~
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YMS 4.0 Yield Management System

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• •Improvement Monitoring

• •Real-Time Inspection Status

• •Support Quality Improvement

• •SPC and Productivity Monitoring

• •Output Reports to MES/SFCS

• •Top 5 or 10 defects & Images

• •PDCA improvement cycle

• •Issue Drill Down line, station or process

Industry 4.0 Solution

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Confidential

TRI Support Closed Loop Solutions TRI SPI, AOI, AXI Inspection Integration CFX(data)/HERMES(M2M)

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Data & I Ski b d
mage p oar
Feedback Feedforward
Feedback data
Pre-reflow Post-reflow
SPI AXI
AOI AOI
TR7007QI TR7600 SIII
TR7710 TR7700QE
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Smart Factory Solutions

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Big Data Ready
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Smart Monitoring

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In-house RD Team

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.
•Optical Dept. • system S/W
• Mechanical Dept. YMS, R/S
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•PLC control
•Lighting control
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IT
BT
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200[+] RD

Outside Support

Department of Computer science, National Taiwan Univ. - Image processing / Understanding Department of Power Mechanical, Tsing Hua Univ., Taiwan - X-ray 3D Reconstruction/Digital Tomosynsis Algorithm/ CT algorithm Center of Measurement Standards, Industrial Technology Research Institute Taiwan

• -- Length/ Camera / Color calibration

Recent Awards

 2016 Global Technology Award  2017 Circuits Assembly NPI Award  2017 EM Asia Innovation Award  2018 Circuits Assembly NPI Award  2018 EM Asia Best Supplier Award  2019 Global Technology Award  2019 EM Asia Outstanding Product Award  2020 Global Technology Award  2021 EM Asia Innovation Award

• TRI’s Company Milestones: - - - https://www.tri.com.tw/tw/about/about 21 1 2.html

Safe Harbor Notice

TRI’s statements of its current expectations are forward looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

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Better Testing Better Quality

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THANK YOU! For more information about Test Research, Inc. Please visit: www.tri.com.tw

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