Winmate — Investor Presentation 2019

May 14, 2019

3416 融程電訊 ( )Winmate Inc. Investor Conference Report

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May 14, 2019

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Disclaimer

The following presentation contains projections and statements related to future business performance developments involving Winmate Inc. that may be seen as forward-looking statements. Actual events and results may differ materially from what is projected in the forward-looking statements and are subject to several risks and uncertainties what are beyond Winmate's control.

The forward-looking statements in this report reflect the views of Winmate as of the date they are made. Winmate Inc. does not intend, nor are obligated to revise or update these forward-looking statements in light of new events or information.

Winmate Financial Reports available at: www.winmate.com/investor_main_en.asp

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© Winmate Inc. 2019

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2019 Q1 Income Statement

Item＼Year	2019/Q1	%	2018/Q1	%	YoY
Sales 401,343 100.00% 389,209 100.00% 3.12%
Gross Profit 146,175 36.42% 130,499 33.53% 12.01%
Expenses 81,117 20.21% 80,274 20.62% 1.05%
Operating Income 65,058 16.21% 50,225 12.90% 29.53%
Net Non-operating Income 7,954 1.98% 2,806 0.72% 183.46%
Pretax Income 73,012 18.19% 53,031 13.63% 37.68%
Net Income 57,394 14.30% 43,365 11.14% 32.35%
EPS (NT) 0.8 0.6

Consolidated Revenue ; NTD thousand

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Financial Ratio - Cash Rich and Good Payout

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	2017	2018	2019
NT$ thousands
	Year end	Year end	3/31
Cash Equivalent	1,393,606	1,278,669	1,399,245
Debt ratio	14.82%	16.2%	16.01%
Accounts Receivable	156,868	210,040	205,917
DSO(days)	36	43	47
Inventory	280,570	289,289	280,440
DOH(days)	102	103	102
Accounts Payable	196,835	182,255	174,888
Days	68	68	64
Net Income%	9.51%	13.10%	14.30%
Payout ratio	114.68%	91.55%	n/a

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Sales by Product Type

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Winmate Yearly Sales Revenue by Product Type Product Sales Category by Percentage of Total Sales
1,565M 2016 2017 2018
1,415M
1,347M 56M 5% 4% 4%
21% 18% 18%
63M
68M
74% 78% 78%
1229M
1100M
996M
Industrial Display/ Rugged Display Industrial PC/ Embedded Computing
Others
Trends:
283M 252M 280M
Increased revenue for computer based products.
Industrial Displays remain a stable revenue base.
2016 2017 2018
NT Dollar Value Industrial Display / Rugged Display
(millions)
Industrial PC / Embedded Computing
Others 5
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Winmate Yearly Sales Revenue by Product Type

2018 Sales by Brand

• Several key projects with Tier 1 industry Partners

• Winmate Branded products continue to lead sales

• market application

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Sales by Region 2019 Q1

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Europe
Others
Taiwan
4%
4%
47% Asia
Asia
Americas
14 14%
Americas 31%
% Taiwan
4
31%
%
Other regions Europe
47%
4
%
Percentage share 2019 Q1 sales
of total worldwide NT$ 401M
sales by region
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Europe and Americas continue to be Winmate key focus markets

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Steady Growth Market for Industrial and Mobile Computers

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Worldwide Sales Forecast for
Industrial PCs
US Dollar
Volume 4730
(in Millions)
M Rugged Mobile CAGR:
Industrial PC CAGR: 7.1%
6.2%
Forklift VMC CAGR:
3300
5.5%
M
Over 40%
30 ~ 40%
growth from
growth from
2016~2022
2017~2022
2016 2022
Research and Markets, February 2017
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2019 Focus Industries & Markets

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Mission Critical Industries and Product Offering

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8”~10.1”
7”~10.1” 11.6”~13.3”
Rugged Tablet Series Vehicle Mounted Ultra Rugged Tablet
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11.6”~13.3”
Ultra Rugged Tablet
Series
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7”~10.1”
Vehicle Mounted
Computer Series
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Mission Critical Industries and Product Offering

IP69K/IP65 P-Cap Stainless PPCs and Displays 10.4”~23.8” Intel® Core[TM ] i5-7200U / Windows 10 IoT

M101P-ME

10.1” Rugged Tablet Intel® Pentium® N4200 IEC 60601-1-2 Certified

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EACIL20-EX

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FG-100
Public Safety Oil & Gas
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Public Safety Oil & Gas
Personal Alarm Safety System
Provides position information, wireless
critical signal, alarm
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IoT Gateway with Explosion Proof Enclosure Intel® Pentium® N3350/N4200 ATEX Zone 1 11

Winmate Global Support and Service Network

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Munich
Beijing Toronto
Tokyo
Atlanta
Taipei
Singapore
Germany Service
Center Beijing Office Taiwan HQ Winmate USA TTX Canada
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Q & A

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