YAGEO — Investor Presentation 2021

Oct 27, 2021

YAGEO GROUP

2021/10/27

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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• 3Q21 FINANCIAL RESULTS

• 3Q21 REVENUE BREAKDOWN

• Q&A

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Copyright © 2021 YAGEO Corp. All Rights Reserved

YAGEO Consolidation (unaudited)

YAGEO Consolidation (unaudite 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)	)		Q-Q Change %	Amount in NT$ Million Y-Y Amount % Change % 21,953 100.0 33.9 (13,751) (62.6) 25.9 8,203 37.4 3.8 ppts (2,700) (12.3) (0.1) ppts 5,503 25.1 3.8 ppts (675) (3.1) 4.4 ppts 4,828 22.0 84.3 (1,194) (5.4) 1.6 ppts 3,635 16.6 87.9 3,627 16.5 87.9 7.37 87.9 6,985 31.8 40.9 3Q20	Amount in NT$ Million Y-Y Amount % Change % 21,953 100.0 33.9 (13,751) (62.6) 25.9 8,203 37.4 3.8 ppts (2,700) (12.3) (0.1) ppts 5,503 25.1 3.8 ppts (675) (3.1) 4.4 ppts 4,828 22.0 84.3 (1,194) (5.4) 1.6 ppts 3,635 16.6 87.9 3,627 16.5 87.9 7.37 87.9 6,985 31.8 40.9 3Q20
	Amount % 3Q21	Amount % 2Q21
	29,389 100.0 (17,305) (58.9)	27,712 100.0 (16,354) (59.0)	6.1 5.8		33.9 25.9
	12,083 41.1 (3,586) (12.2)	11,357 41.0 (3,415) (12.3)	0.1 ppts (0.1) ppts		3.8 ppts (0.1) ppts
	8,498 28.9 403 1.4	7,943 28.7 412 1.5	0.3 ppts (0.1) ppts		3.8 ppts 4.4 ppts
	8,900 30.3 (2,072) (7.1)	8,355 30.1 (2,010) (7.3)	6.5 (0.2) ppts		84.3 1.6 ppts
	6,828 23.2 6,814 23.2	6,345 22.9 6,331 22.8	7.6		87.9
			7.6		87.9
EPS (NT$ Dollar)	13.85 9,842 33.5	12.82 9,401 33.9	8.0		87.9
EBITDA			4.7		40.9

• 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

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YAGEO Consolidation (unaudited) Amount in NT$ Million
1Q-3Q2021 1Q-3Q2020 Y-Y
Amount % Amount % Change %
Net Sales 80,849 100.0 45,447 100.0 77.9
Cost of Sales (48,132) (59.5) (27,234) (59.9) 76.7
Gross Margin 32,717 40.5 18,213 40.1 0.4 ppts
Operating Expenses (10,252) (12.7) (5,820) (12.8) (0.1) ppts
Operating Profit 22,465 27.8 12,393 27.3 0.5 ppts
Non-operating Items 1,249 1.54 (519) (1.1) 2.7 ppts
Income Before Tax 23,714 29.3 11,874 26.1 99.7
Income Tax (5,525) (6.8) (2,585) (5.7) 1.1 ppts
Net Income 18,190 22.5 9,289 20.4 95.8
Net Income (attributable to the parent) 18,150 22.4 9,272 20.4 95.7
EPS (NT$ Dollar) 36.79 20.03 83.7
EBITDA 26,679 33.0 15,289 33.6 74.5
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YAGEO Consolidation (unaudited)

• 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

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By Product By Region
MLCC
28%
Greater
China US
Other
30% 30%
Components
17%
Tantalum
21%
Wireless and 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
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By Segment**

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Def/Med
Consumer 6%
5%
Automotive
19%
Direct Sales
28%
Computer
25%
Global/GC
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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YAGEO Consolidation (unaudited)

Amount in NT$ Million

Cash and cash equivalents Receivables Inventory Total Assets Payables Net Financial Debts Total Liabilities Total Equity Net Financial Debt / Equity Net Financial Debt / EBITDA ROE (Quarterly) ROE (Annualized)		3Q21 Amount 47,649 18,176 19,752 204,557 17,366 33,482 129,715 74,842 44.7% 94.1% 9.5% 33.6% (Y2021)	2Q21 Amount		Q-Q Change % 14.7 (3.3) 11.7 3.4 5.6 2.7 0.5 8.7 (1.0) ppts (2.3) ppts 0.6 ppts	3Q20 Y-Y Amount Change % 40,128 18.7 13,164 38.1 13,858 42.5 181,046 13.0 11,597 49.7 37,817 (11.5) 114,100 13.7 66,946 11.8 56.5% (8.7) ppts 185.5% (91.4) ppts 5.6% 3.9 ppts 22.48% (Y2020) 11.1 ppts
			41,541 18,799 17,687 197,894 16,449 32,587 129,054 68,840 45.7% 96.4% 8.9%

- The financial data is based on T-IFRS

Copyright © 2021 YAGEO Corp. All Rights Reserved

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Thank you