Tripod — Interim / Quarterly Report 2021

May 19, 2021

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Presentation

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May 2021

Worldwide PCB Production Region Value

	M USD	America+ Europe	Japan	Korea	Taiwan	China	China Growth	Worldwide TOTAL	Worldwide Growth	China's Share
	2011	6,375	9,638	6,487	7,372	22,029	9.2%	55,409	5.6%	39.8%
	2012	5,622	9,074	7,473	6,856	22,936	4.1%	55,669	0.5%	41.2%
	2013	5,234	6,995	8,123	7,107	24,560	7.1%	56,152	0.9%	43.7%
	2014	5,197	6,530	7,645	7,586	26,203	6.7%	57,437	2.3%	45.6%
	2015	4,709	5,655	6,652	7,204	26,729	2.0%	55,325	-3.7%	48.3%
	2016	4,662	5,253	6,232	6,922	27,123	1.5%	54,207	-2.0%	50.0%
	2017	4,705	5,256	6,860	7,536	29,732	9.6%	58,843	8.6%	50.5%
	2018	4,833	5,439	6,550	7,842	32,702	10.0%	62,396	6.0%	52.4%
	2019	4,583	5,288	6,439	7,676	32,942	0.7%	61,311	-1.7%	53.7%
	2020E	4,511	5,771	7,031	8,410	35,054	6.4%	65,219	6.4%	53.7%

Source : Prismark (Mar. 2021)

2020 Global To 20 PCB Makers p

Unit: Million USD

Rank		Makers	HQ		2014	2015	2016	2017	2018		2019	2020		20/19
1 2 3 4 5	Zhen Ding Unimicron Nippon Mektron Dongshan Precision (M-Flex & Multek) TTM*		Taiwan Taiwan Japan China USA	2504(2) 2703(2) 2557(2) 3588(1) 3908(1) 2144(4) 2113(4) 2036(4) 2240(4) 2620(4) 3154(1) 3591(1) 3212(1) 3323(2) 2856(2) 1361(9) 1364(8) 1222(7) 1403(8) 1789(5) 2376(3) 2525(3) 2533(3) 2658(3) 2847(3)						3889(1) 4442(1) 2781(2) 3117(2) 2555(4) 2594(3) 2140(5) 2523(4) 2689(3) 2105(5)			14.2% 12.1% 1.5% 17.9% -21.7%
6	Compeq		Taiwan	1116(13) 1395(6) 1415(5) 1778(5) 1681(7)						1820(6) 2063(6)			13.4%
7	Tripod		Taiwan	1400(8) 1368(7) 1351(6) 1510(7) 1727(6)						1763(7) 1891(7)			7.3%
8 9 10	Shennan PSA Group SEMCO		China Taiwan Korea	528(30) 566(30) 693(23) 842(21) 1145(14) 958(15) 825(16) 828(15) 1304(9) 1480(8) 1551(6) 1344(9) 1140(9) 1284(10) 1346(9)						1522(8) 1684(8) 1396(9) 1557(9) 1383(10) 1504(10)			9.4% 11.5% 8.7%
11 12 13 14 15	Ibiden Young Poong Group (KCC, Interflex*) Kingboard PCB Group Nanya PCB AT&S		Japan Korea China Taiwan Austria	1455(7) 1297(10) 951(12) 973(15) 1083(15) 1675(5) 1295(11) 1201(8) 1777(6) 1217(11) 965(14) 930(13) 980(11) 1051(14) 1245(10) 1154(12) 944(12) 905(13) 876(18) 955(18) 829(16) 844(15) 876(14) 1093(13) 1202(12)						1156(14) 1444(11) 1303(11) 1408(12) 1235(12) 1356(13) 1007(17) 1312(14) 1110(15) 1290(15)			24.9% 8.0% 9.8% 30.3% 16.2%
16 17 18 19 20	Wus Group Shinko Meiko Simmtech Fujikura*		Taiwan Japan Japan Korea Japan	750(21) 737(20) 723(20) 847(20) 1012(17) 663(24) 603(28) 580(29) 740(26) 755(27) 828(17) 788(18) 869(15) 947(16) 1074(16) 632(27) 663(24) 682(23) 832(22) 917(21) 563(29) 819(17) 824(18) 1099(12) 1154(13)						1195(13) 1243(16) 809(23) 1085(17) 1075(16) 1045(18) 857(21) 1029(19) 938(18) 1023(20)			4.0% 34.1% -2.8% 20.0% 8.8%
	Top20 PCB Makers									32623 35715			9.5%

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• FPCB Makers Include FPCB Assembly Value

Source : Prismark

** TTM sold its Mobility Business to AKM Meadville in 2020

Consolidated Quarterly Income Statement

Dep.& Amort. Basic EPS Income Tax the Parent Attributable to: Net Income COGS Gross Profit Operating Exp. Net Sales Pretax Income Operating Income Non-Op. Income Other Expense Unit : Million NTD	AMT % 11,718 100.0% 9,861 84.2% 1,857 15.8% 1,008 8.6% 0 0.0% 848 7.2% 364 3.1% 1,213 10.3% 235 2.0% 977 8.3% 977 8.3% $1.86 814 6.9% 2020 Q1	AMT % 13,010 100.0% 10,486 80.6% 2,524 19.4% 1,103 8.5% 0 0.0% 1,421 10.9% 266 2.0% 1,687 13.0% 372 2.9% 1,315 10.1% 1,315 10.1% $2.50 798 6.1% 2020 Q2	AMT % 15,711 100.0% 12,186 77.6% 3,526 22.4% 1,205 7.7% 0 0.0% 2,320 14.8% 237 1.5% 2,557 16.3% 556 3.5% 2,001 12.7% 2,001 12.7% $3.81 825 5.3% 2020 Q3	AMT % 15,109 100.0% 11,865 78.5% 3,244 21.5% 1,259 8.3% 0 0.0% 1,985 13.1% 315 2.1% 2,300 15.2% 468 3.1% 1,832 12.1% 1,832 12.1% $3.49 853 5.6% 2020 Q4	2021 Q1	2021 Q1
	AMT 11,718 9,861 1,857 1,008 0 848 364 1,213 235 977	AMT 13,010 10,486 2,524 1,103 0 1,421 266 1,687 372 1,315	AMT 15,711 12,186 3,526 1,205 0 2,320 237 2,557 556 2,001	AMT 15,109 11,865 3,244 1,259 0 1,985 315 2,300 468 1,832	AMT 15,101 12,276 2,825 1,275 0 1,550 224 1,773 365 1,408	%
						100.0% 81.3%
						18.7% 8.4% 0.0%
						10.3% 1.5%
						11.7% 2.4%
						9.3%
	977 $1.86	1,315 $2.50	2,001 $3.81	1,832 $3.49	1,408 $2.68	9.3%
	814	798	825	853	889	5.9%

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Consolidated Annual Income Statement

Gross Profit COGS Dep.& Amort. Net Income Other Expense Operating Income Pretax Income Non-Op. Income Attributable to: Basic EPS the Parent Income Tax Operating Exp. Net Sales Unit : Million NTD	AMT % 43,513 100.0% 35,695 82.0% 7,818 18.0% 3,679 8.5% 450 1.0% 3,689 8.5% 788 1.8% 4,477 10.3% 904 2.1% 3,573 8.2% 3,573 8.2% $6.80 2,749 6.3% 2016	AMT % 45,819 100.0% 37,464 81.8% 8,355 18.2% 3,624 7.9% -67 -0.1% 4,798 10.5% 745 1.6% 5,543 12.1% 1,177 2.6% 4,366 9.5% 4,366 9.5% $8.31 2,121 4.6% 2017	AMT % 52,106 100.0% 42,341 81.3% 9,764 18.7% 4,343 8.3% 0 0.0% 5,422 10.4% 1,103 2.1% 6,525 12.5% 1,587 3.0% 4,939 9.5% 4,938 9.5% $9.40 2,969 5.7% 2018	AMT % 54,451 100.0% 43,185 79.3% 11,266 20.7% 4,393 8.1% 103 0.2% 6,771 12.4% 1,028 1.9% 7,798 14.3% 1,761 3.2% 6,037 11.1% 6,037 11.1% $11.49 3,301 6.1% 2019	2020	2020
	AMT	AMT	AMT	AMT	AMT	%
	43,513 35,695	45,819 37,464	52,106 42,341	54,451 43,185	55,548 44,397	100.0% 79.9%
	7,818 3,679 450	8,355 3,624 -67	9,764 4,343 0	11,266 4,393 103	11,150 4,576 0	20.1% 8.2% 0.0%
	3,689 788	4,798 745	5,422 1,103	6,771 1,028	6,574 1,182	11.8% 2.1%
	4,477 904	5,543 1,177	6,525 1,587	7,798 1,761	7,757 1,631	14.0% 2.9%
	3,573	4,366	4,939	6,037	6,125	11.0%
	3,573	4,366	4,938	6,037	6,126	11.0%
	$6.80	$8.31	$9.40	$11.49	$11.65
	2,749	2,121	2,969	3,301	3,290	5.9%

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Cash and Cash Equivalents Other Current Assets Fixed Assets Intangible and Other Assets Total Assets Short-Term Loans Other Current Liabilities Long-Term Borrowings Other Liabilities Shareholder's Equities Total Liabilities and Equities Unit: Million NTD	AMT % 27,151 38.0% 24,684 34.5% 17,038 23.8% 2,648 3.7% 71,521 100.0% 16,997 23.8% 19,766 27.6% 0 0.0% 2,328 3.3% 32,429 45.3% 71,521 100.0% 2018	AMT % 27,151 38.0% 24,684 34.5% 17,038 23.8% 2,648 3.7% 71,521 100.0% 16,997 23.8% 19,766 27.6% 0 0.0% 2,328 3.3% 32,429 45.3% 71,521 100.0% 2018	AMT % 27,614 38.6% 25,048 35.0% 15,988 22.3% 2,955 4.1% 71,605 100.0% 14,411 20.1% 20,261 28.3% 0 0.0% 2,784 3.9% 34,149 47.7% 71,605 100.0% 2019	AMT % 27,614 38.6% 25,048 35.0% 15,988 22.3% 2,955 4.1% 71,605 100.0% 14,411 20.1% 20,261 28.3% 0 0.0% 2,784 3.9% 34,149 47.7% 71,605 100.0% 2019	AMT % 25,985 38.8% 22,276 33.3% 15,649 23.4% 3,079 4.6% 66,989 100.0% 10,068 15.0% 19,213 28.7% 0 0.0% 2,782 4.2% 34,927 52.1% 66,989 100.0% 2020 1Q	AMT % 25,985 38.8% 22,276 33.3% 15,649 23.4% 3,079 4.6% 66,989 100.0% 10,068 15.0% 19,213 28.7% 0 0.0% 2,782 4.2% 34,927 52.1% 66,989 100.0% 2020 1Q	AMT % 26,033 34.6% 26,785 35.6% 19,274 25.6% 3,158 4.2% 75,249 100.0% 13,971 18.6% 22,060 29.3% 0 0.0% 3,158 4.2% 36,060 47.9% 75,249 100.0% 2020	AMT % 26,033 34.6% 26,785 35.6% 19,274 25.6% 3,158 4.2% 75,249 100.0% 13,971 18.6% 22,060 29.3% 0 0.0% 3,158 4.2% 36,060 47.9% 75,249 100.0% 2020	2021 1Q	2021 1Q
	AMT 27,151 24,684 17,038 2,648 71,521 16,997 19,766 0 2,328 32,429 71,521		AMT 27,614 25,048 15,988 2,955 71,605 14,411 20,261 0 2,784 34,149 71,605		AMT 25,985 22,276 15,649 3,079 66,989 10,068 19,213 0 2,782 34,927 66,989		AMT 26,033 26,785 19,274 3,158 75,249 13,971 22,060 0 3,158 36,060 75,249		AMT 24,431 27,518 22,037 5,445 79,432 13,989 24,336 0 3,179 37,928 79,432	%
										30.8% 34.6% 27.7% 6.9%
										100.0%
										17.6% 30.6% 0.0% 4.0% 47.7%
										100.0%
Asset Turnover (x) Fixed Asset Turnover (x) ROA (%) ROE (%) Current Ratio (%) Debt / Asset Ratio (%) Net Debt / Equity Ratio (%) Net Cash Per Share (NT$) Book Value Per Share(NT$)	0.74 3.19 7.0% 15.6% 141% 55% -31% 19.3 61.7		0.76 3.30 8.4% 18.1% 152% 52% -39% 25.1 65.0		0.68 2.96 5.6% 11.3% 165% 48% -46% 30.3 66.5		0.76 3.15 8.3% 17.4% 147% 52% -33% 22.9 68.6		0.78 2.92 7.3% 15.2% 136% 52% -28% 19.9 72.2

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Unit: Million NTD Income before Income Tax Depreciation & Amortization Others Cash Flow from Operations Acquisition of Fixed Assets Others Cash Flow from Investments Increase (Decrease) in Loans Cash Dividends Paid Others Cash Flow from Financing Foreign Exchange Translation Increase (Decrease) in Cash Cash at the End of the Year	2017 5,543 2,121 -3,031 4,633 -5,000 1,241 -3,759 2,632 -2,234 63 461 -1,830 -494 29,753	2018 6,525 2,969 -1,849 7,645 -5,609 125 -5,484 -2,023 -2,759 41 -4,741 -23 -2,603 27,151	2019 7,798 3,301 -646 10,454 -3,423 -24 -3,447 -2,397 -3,101 17 -5,481 -1,062 464 27,614	2020 7,757 3,290 -2,448 8,598 -5,971 -16 -5,987 70 -3,811 110 -3,630 -562 -1,581 26,033	1Q20 1,213 814 1,561 3,587 -771 -62 -833 -4,402 0 -11 -4,412 -61 -1,720 25,895	1Q21
						1,773 889 -110
						2,552
						-2,368 -2,230
						-4,599
						-117 0 -100
						-217
						663 -1,601
						24,431

Appendix- PCB Facilities Location

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JiangSu- WuXi Site I (2003)

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JiangSu- WuXi Site II (2007)

HuBei- XianTao (2013)

Taiwan- PingJen (1998)