YAGEO — Investor Presentation 2021

Nov 24, 2021

YAGEO Corporation

November, 2021

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.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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Our Vision: Innovative Service Around the Globe

Our Mission: Empowering the Future with Innovative Component Solutions

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Copyright © 2021 YAGEO Corp. All Rights Reserved

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A Provide total solutions 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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Continue to grow organically and through M&A and become a passive component power house

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D
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Continue to enhance our expertise in both manufacturing craft and technologies advancement

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B
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Provide innovative and customized services such as design-in, EDI, JIT, VMI, and online B2B services to our clients

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C
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Expand our global presence and scale through our global sales and network, distributors, and bluechip focused customers

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Copyright © 2021 YAGEO Corp. All Rights Reserved

YAGEO was founded in 1977, public listed on TWSE since 1993.

• Our expanded global community and footprint makes us an industry leader with greater opportunities for our employees and customers, and increased ability for high-growth segments and applications.

• ➢ No. 1 in Chip resistors

• ➢ No. 1 in Tantalum capacitors

• ➢ No. 3 in MLCCs

• ➢ No. 2 in Power Beads Inductors

• Market caps exceeded NTD$ 215 billion as of October 29[th] , 2021 .

• Included in the MSCI Taiwan Index , FTSE/TWSE Taiwan 50 Index , and TWSE Taiwan Employment Creation 99 Index .

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US$3 billion Revenue 30,000 Employee Worldwide

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40 Manufacturing Sites

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47 20 Sales Offices R&D Centers

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Copyright © 2021 YAGEO Corp. All Rights Reserved

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◼ YAGEO is a global provider of passive component solutions, offering the broadest selection of passive component technologies from some of the industry’s most recognized brands. With a leading portfolio of chip resistors, tantalum, MLCC, film, and aluminum electrolytic capacitors, circuit protection, magnetics, antennas, sensors, actuators, wireless components and modules, transformer, connector, inductor, and cable systems as well as global production and sales capabilities designed to meet the diverse requirements of customers and a full range of end-market segments.

• YAGEO is a world leading total service provider of passive electronic components, with 40 manufacturing sites and 20 R&D centers worldwide.

• YAGEO currently is the world No.1 in chip-resistors, No.1 in tantalum capacitors, and No. 3 in MLCCs.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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• As total passive component solution provider, YAGEO offers innovative global logistics, electronic data interchange, design-in services, web-based self-helped platforms, and online B2B interfaces with advanced IT solutions and other ease-of-doingbusiness tools.

• YAGEO products are widely used in all kinds of electronic applications, including automotive, industrial, 5G, IoT, cloud/data center, telecommunications, power supplies, medical, aerospace, alternative energy, computers and peripherals, and consumer electronics.

• YAGEO has a strong and diversified customer profile, including global brand customers, leading EMS, ODM/OEM, and distributors.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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• November 12[th] , 2019, YAGEO announced to acquire KEMET with total equity valued US$ 1.64 billion in cash. This merger completed on June 15[th] , 2020.

• YAGEO reached 2nd highest revenue of NTD$ 67.7 billion in 2020. As of October 29[th] , 2021, total market capitalization exceeded NTD$ 215 billion.

• YAGEO delivered 22.5% of ROE, 25.8% of Operating Margin, and 19.2% of Net Profit Margin with EPS of NT$ 27.58 in 2020.

• YAGEO has been publicly listed on the Taiwan Stock Exchange since 1993 and is included in the MSCI Taiwan Index, FTSE/TWSE Taiwan 50 Index , and TWSE Taiwan Employment Creation 99 Index.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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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

High Voltage Portable Devices

Aerospace/ Defense

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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9 Copyright © 2021 YAGEO Corp. All Rights Reserved

Brand :

EMS / OEM :

Distributor :

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Copyright © 2021 YAGEO Corp. All Rights Reserved

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Chip Resistors - Ranked No. 1 Tantalum Capacitors - Ranked No. 1

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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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MLCCs - Ranked No. 3

Power Bead Inductors - Ranked No. 2

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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
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

Copyright © 2021 YAGEO Corp. All Rights Reserved

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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.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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By Product By Region
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%
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* By Customer HQ Region

Copyright © 2021 YAGEO Corp. All Rights Reserved

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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.

Copyright © 2021 YAGEO Corp. All Rights Reserved

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YAGEO 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)			Q-Q Change %	Amount in NTD Million Y-Y Amount % Change % 21,953 100.0 33.9 (15,009) (68.4) 15.3 6,945 31.6 9.5 ppts (2,700) (12.3) (0.1) ppts 4,245 19.3 9.6 ppts (675) (3.1) 4.5ppts 3,570 16.3 149.8 (897) (4.1) 3.0 ppts 2,673 12.2 156.0 2,666 12.1 156.2 5.42 156.1 3Q20
	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

Copyright © 2021 YAGEO Corp. All Rights Reserved

17

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

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18

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

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YAGEO Consolidation (reviewed) - The financial data is based on T-IFRS Cash and cash equivalents Notes & Accounts Receivable Inventory Other Current Assets Long-Term Investment Net Properties Other Assets Total Assets Short-Term Loans Notes & Accounts Payable Other Current Liabilities Long-Term Loans Other Liabilities Total Liabilities Total Equity Total Liabilities & Equity ROE (Quarterly) ROE (Annualized)			Q-Q Change %	Amount in NTD Million 3Q20 Y-Y Amount Change % 40,128 14.9 13,164 51.5 13,858 43.3 2,158 9.4 9,476 53.9 40,285 5.1 64,548 (4.8) 183,615 12.5 39,691 27.4 11,597 48.5 13,954 11.0 36,046 (39.8) 16,328 62.3 117,615 11.8 66,000 13.8 183,615 12.5 4.1% 5.4 ppts 19.8% 13.8 ppts (Y2020)
	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

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20

YAGEO Consolidation (reviewed)

Amount in NTD Million

Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Investing Activities Net Cash Provided by (Used in) Financing Activities FX Difference Net Increase (Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents , Beginning of Period Cash and Cash Equivalents , End of Period		3Q21 Amount	2Q21 Amount	Q-Q Change %	3Q20 Y-Y Amount Change % 6,670 5.4 (2,055) 41.8 (3,240) (124.3) 524 (167.3) 1,899 139.7 38,229 8.7 40,128 14.9
		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

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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

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Thank you!