國巨股份有限公司

2021 年 11 月

This presentation has been prepared by YAGEO Corporation (the “Company”). This presentation and the materials provided herewith do not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to purchase securities in a proposed offering should be made solely on the basis of the information contained in the offering circular published in relation to such proposed offering, if any.

The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. None of the Company nor any of its affiliates, advisors or representatives will be liable (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation.

公司願景：提供全球創新服務

公司目標：創新零組件解決方案以成就未來

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A
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提供完整解決方案 with broad product selections (resistors, capacitors, inductors, and wireless/power components) across all market segments with focus on new technologies (5G, automotive(EV), industrial, and IoT)

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E
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持續成長動能 organically and through M&A and become a passive component power house

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D
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管理財與技術財並重 Continue to enhance our expertise in both manufacturing craft and technologies advancement

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B
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提供創新及客製化服務 such as design-in, EDI, JIT, VMI, and online B2B services to our clients

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C
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全球化完整佈局 through our global sales and network, distributors, and blue-chip focused customers

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4
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國巨公司成立於1977年，並於1993年起在台灣證券交易所上市。

為全球領先的被動元件完整服務供應商，其生產及銷售據點涵蓋亞洲、歐洲及美洲。國巨公司為提供客戶「一次購足服務」，供應完整的電阻、電容、功率及無線元件等被動元件，以滿足客戶各種不同領域應用的需求。
➢ 晶片電阻全球第一大
➢ 鉭質電容全球第一大
➢ 陶瓷電容全球第三大
➢ 功率型磁珠電感全球第二
截至2021年10月底，總市值超過新台幣2,152億元。
目前為MSCI全球標準型台灣指數、英國富時台灣50指數、銳聯臺灣就業創造99指數的成份股。

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US$3 billion Revenue 30,000 Employee Worldwide

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40 47 Manufacturing Sites 20 Sales Offices R&D Centers

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5
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國巨公司成立於1977年，為全球領先的被動元件服務供應商，其生產及銷售據點涵蓋亞洲、歐洲及美洲。國巨公司提供客戶「一次購足服務」，供應完整的電阻、電容、保護及無線元件等關鍵零組件，以滿足客戶各種不同領域應用的需求。
國巨現今為全球第一大晶片電阻(R-Chip)供應商、全球第一大鉭質電容(Tantalum Capacitor)供應商、全球第三大積層陶瓷電容 (MLCC)供應商，在全球有廣大的經銷點- 國巨目前有47個行銷/ 服務據點、40座生產基地、6座JIT即時發貨中心及20個研發中心。
國巨多元化的產品都瞄準在關鍵的垂直市場，包括5G科技、汽車應用、工業規格、醫療、航太、智慧型手機、個人電腦、電源管理、綠電能等。主要客戶群包括全球領先的品牌客戶、 EMS/ODM/OEM和經銷商等。

為進一步擴充產品組合、提供全球客戶一站式服務，國巨於2018年度併入保護元件廠-君耀公司及美國無線元件廠-普思(Pulse)，並於 2020年6月併購美國基美(KEMET)，增添未來集團營運成長動能及發揮綜效。
2020年度的合併營收為新台幣677億元，截至2021年10月底，公司資本額為新台幣49.6億元，總市值超過新台幣2,152億元。
2020年度的營業淨利率達25.8%，每股稅後盈餘(EPS)為新台幣 27.58元，純益率為19.2%，股東權益報酬率為22.5%。
國巨為MSCI全球標準型台灣指數的成份股、英國富時(FTSE/TWSE) 台灣50指數成份股、銳聯台灣就業創造99指數成份股。

Automotive

Consumer

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Chip Resistors

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METCOM Inductors

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IoT/ Medical/ Communications High Reliability

Monitoring/Power

Alternative Energy

Industrial

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Computer Related

Portable Devices

Aerospace/ Defense

High Voltage

Telecom

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Tantalum Capacitor

Film Capacitor

MLCC

Aluminum ECap

Leaded Resistors

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Circuit Protection

Wireless Antenna

RF filters

Inductor

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8
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8 Copyright © 2021 YAGEO Corp. All Rights Reserved

品牌客戶:

組裝代工客戶:

經銷代理商:

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晶片電阻 - 全球第一鉭質電容 - 全球第一
Others
7%
Panasonic
YAGEO 13%
KEMET
34%
Others 43%
43%
Vishay
12%
KOA
9% AVX
Vishay Rohm 25%
2% Panasonic
6%
6%
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陶瓷電容 - 全球第三

功率型磁珠電感 - 全球第二

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Pulse
Murata
SEMCO
31% 22%
19%
Others
35%
YAGEO
13%
+
Others
KEMET
15%
Delta
2%
25%
AVX Taiyo Yuden Eaton
TDK
3% 3% 13% 18%
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By Product

By Region*

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MLCC
28%
Greater
China US
Other
30% 30%
Components
17%
Tantalum
21%
Wireless & Japan/Asia
Power 20% Europe
14% 20%
Resistor
20% NT$ 29,389 M
QoQ +6.1%
YoY +33.9%
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* By Customer HQ Region

By Channel

By Segment**

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Def/Med
Consumer 6%
5% Automotive
19%
Direct Sales
28%
Computer
25%
Global
Distributors
52%
Industrial
EMS 31%
20%
Telecom
14%
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NT$ 29,389 M QoQ +6.1% YoY +33.9%

* * Based on the company’s estimation from distributors, direct sales, and EMS customers.

By Product

By Region*

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MLCC
28%
Greater US
China 28%
Other 30%
Components
17%
Tantalum
21%
Wireless &
Power Japan/Asia Europe
15% 21% 21%
Resistor
19%
NT$ 80,849 M
YoY +77.9%
By Customer HQ Region
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By Channel By Segment
Def/Med
6%
Consumer
5% Automotive
19%
Direct Sales
29%
Computer
24%
Global
Distributors
51%
Industrial
31%
EMS
Telecom
20%
15%
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NT$ 80,849 M YoY +77.9%

* * Based on the company’s estimation from distributors, direct sales, and EMS customers.

YAGEO Consolidation (reviewed)

		Q-Q Change %
Amount % 29,389 100.0 (17,305) (58.9) 12,083 41.1 (3,589) (12.2) 8,494 28.9 422 1.4 8,916 30.3 (2,073) (7.1) 6,844 23.3 6,830 23.2 13.88 3Q21	Amount % 2Q21
	27,712 100.0 (16,354) (59.0)	6.1 5.8
	11,357 41.0 (3,415) (12.3)	0.1 ppts (0.1) ppts
	7,943 28.7 412 1.5 8,355 30.1 (2,010) (7.3)	0.2 ppts (0.1)ppts
		6.7 (0.2) ppts
	6,345 22.9 6,331 22.8	7.9
		7.9
	12.82	8.3

Q-Q/Y-Y Change of Net Sales, Cost of Sales, Income Before Tax, Net Income, EPS is in %, the rest of Changes is in percentage point.
The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

EO Consolidation (reviewed) Net Sales Cost of Sales Gross Margin Operating Expenses Operating Profit Non-operating Items Income Before Tax Income Tax Net Income Net Income (attributable to the parent) EPS (NT$ Dollar)	EO Consolidation (reviewed) Net Sales Cost of Sales Gross Margin Operating Expenses Operating Profit Non-operating Items Income Before Tax Income Tax Net Income Net Income (attributable to the parent) EPS (NT$ Dollar)		Amount in NTD Million Y-Y Amount % Change % 45,447 100.0 77.9 (28,493) (62.7) 68.9 16,953 37.3 3.2 ppts (5,820) (12.8) (0.1) ppts 11,133 24.5 3.3 ppts (519) (1.1) 2.7 ppts 10,614 23.4 123.6 (2,288) (5.0) 1.8 ppts 8,326 18.3 118.7 8,309 18.3 118.6 17.95 105.2 1Q-3Q2020	Amount in NTD Million Y-Y Amount % Change % 45,447 100.0 77.9 (28,493) (62.7) 68.9 16,953 37.3 3.2 ppts (5,820) (12.8) (0.1) ppts 11,133 24.5 3.3 ppts (519) (1.1) 2.7 ppts 10,614 23.4 123.6 (2,288) (5.0) 1.8 ppts 8,326 18.3 118.7 8,309 18.3 118.6 17.95 105.2 1Q-3Q2020
		Amount % 1Q-3Q2021
		80,849 100.0 (48,132) (59.5)		77.9 68.9
		32,717 40.5 (10,255) (12.7)		3.2 ppts (0.1) ppts
		22,462 27.8 1,268 1.57		3.3 ppts 2.7 ppts
		23,730 29.4 (5,525) (6.8)		123.6 1.8 ppts
		18,205 22.5 18,166 22.5		118.7
				118.6
		36.83		105.2

Q-Q/Y-Y Change of Net Sales, Cost of Sales, Income Before Tax, Net Income, EPS is in %, the rest of Changes is in percentage point.
The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NTD Million

Foreign Exchange Gain (Loss)-Realized Foreign Exchange Gain (Loss)-Unrealized Net Interest Income (Expense) Investment Income on Equity-Method Others Total	3Q21 (133) 453 (8) 94 16 422	2Q21		Q-Q Change % 490.3 1,035.0 20.6 4.7 95.3 (2.4)	3Q20 Y-Y Change % (9) 1,372.3 (600) (175.5) (115) (93.2) 84 11.6 (35) (145.1) (675) (162.6)
		34 (48) (10) 99 337
		412

- The financial data is based on T-IFRS

		Q-Q Change %
3Q21 Amount	2Q21 Amount
46,093 19,937 19,858 2,361 14,586 42,340 61,440	41,541 18,799 17,687 2,405 14,235 42,036 61,191	11.0 6.1 12.3 (1.8) 2.5 0.7 0.4
206,614	197,894	4.4
50,555 17,220 15,490 21,717 26,507	48,699 16,449 19,838 22,455 21,614	3.8 4.7 (21.9) (3.3) 22.6
131,489 75,125	129,054 68,840	1.9 9.1
206,614	197,894	4.4
9.5% 33.6% (Y2021)	8.9%	0.6 ppts

- The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NTD Million

3Q21 Amount	2Q21 Amount	Q-Q Change %
7,030 (2,914) 789 (353)	5,452 (4,816) (500) (25)	28.9 (39.5) (257.7) 1,330.5
4,552 41,541	111 41,430	4,001.7 0.3
46,093	41,541	11.0

- The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NTD Million

Accounts Receivable DSO Inventory DOH-Total Company (Amt) DOH-R+C Finished Goods (Qty) Accounts Payable DPO Net Working Capital		3Q21 19,937 64 19,858 102 78 17,220 82 22,575	2Q21		Q-Q Change % 6.1 4.7 12.3 8.8 36.4 4.7 1.0 12.7	3Q20 Y-Y Change % 13,164 51.5 60 5.9 13,858 43.3 94 8.4 35 123.5 11,597 48.5 80 2.0 15,425 46.4
			18,799 61
			17,687 94 57
			16,449 81
			20,037

- The financial data is based on T-IFRS

AI assistant

YAGEO Investor Presentation 2021

52008_rns_2021-11-24_2961e5aa-d572-4b5a-be47-e90df7e15c21.pdf

國巨股份有限公司

國巨公司成立於1977年，並於1993年起在台灣證券交易所上市。

Automotive

Alternative Energy

品牌客戶:

陶瓷電容 - 全球第三

功率型磁珠電感 - 全球第二

By Product

By Region*

By Channel

By Segment**

By Product

By Region*

NT$ 80,849 M YoY +77.9%

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

- The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NTD Million

YAGEO Consolidation (reviewed)

Amount in NTD Million

Thank you!

AI assistant

YAGEO — Investor Presentation 2021

52008_rns_2021-11-24_2961e5aa-d572-4b5a-be47-e90df7e15c21.pdf

國巨股份有限公司

國巨公司成立於1977年，並於1993年起在台灣證券交易所上市。

Automotive

Alternative Energy

品牌客戶:

陶瓷電容 - 全球第三

功率型磁珠電感 - 全球第二

By Product

By Region*

By Channel

By Segment**

By Product

By Region*

NT$ 80,849 M YoY +77.9%

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

- The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NTD Million

YAGEO Consolidation (reviewed)

Amount in NTD Million

Thank you!

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