YAGEO Corporation

August 2022

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.

Our Vision: Innovative Service Around the Globe

Our Mission: Empowering the Future with Innovative Component Solutions

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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

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. 3 in Inductors
Market caps exceeded NTD$ 186 billion as of July 29[th] , 2022 .
Included in the MSCI Taiwan Index , FTSE/TWSE Taiwan 50 Index , and TWSE Taiwan Employment Creation 99 Index .

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US$3.9 billion 49 Revenue 45,000 Manufacturing Sites Employee Worldwide

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47 20 Sales Offices R&D Centers

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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, inductors, magnetics, circuit protection, antennas, sensors, actuators, wireless components and modules, transformer, connector, 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 49 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 and inductors.

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.

June 30[th] , 2021, YAGEO announced to acquire Chilisin through a share-swap transaction. This merger completed on January 5[th] , 2022.
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 its highest revenue of NTD$ 106.5 billion in 2021. As of July 29[th] , 2022, total market capitalization exceeded NTD$ 186 billion.
YAGEO delivered 31.0% of ROE, 40.4% of Gross Margin, and 27.3% of Operating Margin, with EPS of NT$ 46.46 in 2021.
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.

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Automotive

Alternative Energy

Industrial

Monitoring/Power

IoT/ Medical/ Communications High Reliability

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Consumer Computer Related

Telecom

Aerospace/ Defense

High Voltage

Portable Devices

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Chip Resistors

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METCOM Inductors

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MLCC

Leaded Resistors

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Wireless Antenna

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Tantalum Capacitor

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RF filters

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Film Capacitor

Inductor

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Aluminum ECap

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Circuit Protection

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9
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9 Copyright © 2022 YAGEO Corp. All Rights Reserved

Brand :

EMS / OEM :

Distributor :

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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

Inductors - Ranked No. 3

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CHILISIN
Murata 13%
SEMCO
31%
19%
Others
40%
TDK
20%
YAGEO
13%
+
Others
KEMET
15%
2%
Murata
AVX Taiyo Yuden 15%
TDK Taiyo Yuden
13%
3% 3% 12%
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By Product By Region
MLCC NT$ 31,322 M
20% QoQ +3.9%
YoY -2.0%
Greater
US
China
Tantalum 27%
26%
Other 21%
components
16%
Magnetics Resistor
29% 14% Japan/Asia Europe
26% 21%
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By Channel By Segment
NT$ 31,322 M Def/Med
QoQ +3.9% Consumer 4%
YoY -2.0% 6%
Automotive
20%
Direct Sales
37%
Global
Distributors
Computer
43%
23%
Industrial
30%
EMS Communication
20% 17%
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By Product
MLCC
NT$ 61,456 M
21%
YoY +2.5%
Other Tantalum
components 22%
15%
Resistor
14%
Magnetics
28%
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By Region
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Greater
US
China
27%
25%
Europe
Japan/Asia 21%
27%
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By Channel By Segment
NT$ 61,456 M
Def/Med
YoY +2.5% Consumer 5%
7%
Automotive
20%
Direct Sales
36%
Global
Distributors
45% Computer
23%
Industrial
28%
EMS Communication
19% 17%
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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) YAGEO Consolidation (reviewed)
	2Q22 Amount % 31,322 100.0 (19,169) (61.2) 12,153 38.8 (4,266) (13.6) 7,887 25.2 480 1.5 8,367 26.7 (2,437) (7.8) 5,930 18.9 5,927 18.9 11.05 9,413 30.1	1Q22 Amount %
		30,134 100.0 (18,649) (61.9)
		11,485 38.1 (3,999) (13.3)
		7,487 24.8 569 1.9
		8,056 26.7 (1,786) (5.9)
		6,270 20.8 6,244 20.7
EPS (NT$ Dollar)		11.59 9,031 30.0

EBITDA

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
All figures of 2Q21 include Chilisin (proforma), except EBITDA.

Amount in NT$ Million

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)	1H2022 Amount % 61,456 100.0 (37,818) (61.5) 23,638 38.5 (8,265) (13.4) 15,373 25.0 1,049 1.7 16,423 26.7 (4,223) (6.9) 12,200 19.9 12,171 19.8 22.65 18,445 30.0	1H2021 Amount %		Y-Y Change % 2.5 3.1 (0.4) ppts 0.3ppts (0.2) ppts 0.4ppts 3.4 (0.8) ppts (0.1) 7.0 (1.2) 9.6
		59,984 100.0 (36,676) (61.1)
		23,308 38.9 (8,195) (13.7)
		15,113 25.2 775 1.3
		15,888 26.5 (3,677) (6.1)
		12,210 20.4 11,379 19.0
EPS (NT$ Dollar)		22.93 16,836 28.1
EBITDA

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
All figures of 1H21 include Chilisin (proforma), except EBITDA.

YAGEO Consolidation (reviewed)

Amount in NT$ Million

Foreign Exchange Gain (Loss) Net Interest Income (Expense) Investment Income on Equity-Method Others Total	2Q22 487 54 89 (149) 480	1Q22		Q-Q Change % (9.0) 59.3 82.4 (210.8) (15.6)	2Q21 Y-Y Change % 45 987.6 (11) 568.2 58 53.2 188 (178.9) 279 71.9
		534 34 49 (48)
		569

- The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed) Cash and cash equivalents Receivables Inventory Total Assets Payables Net financial debts Total Liabilities Total Equity Total Liabilities & Equity Net Financial Debt / Equity Net Financial Debt / EBITDA ROE (Quarterly) ROE (Annualized)	YAGEO Consolidation (reviewed) Cash and cash equivalents Receivables Inventory Total Assets Payables Net financial debts Total Liabilities Total Equity Total Liabilities & Equity Net Financial Debt / Equity Net Financial Debt / EBITDA ROE (Quarterly) ROE (Annualized)			Q-Q Change % (5.1) 7.5 10.3 4.0 8.8 (1.1) 2.8 5.7 4.0 (0.4) ppts (0.7) ppts (0.6) ppts	As of June 30 Y-Y 2021 Change % 46,341 11.1 25,241 2.4 20,975 37.4 231,411 14.7 18,749 0.9 32,587 (35.7) 140,771 9.7 90,640 22.4 231,411 14.7 47.3% (28.4) ppts 107.5% (49.6) ppts 7.3% (1.8) ppts Amount in NT$ Million
		As of June 30 2022	As of March 31 2022
		51,469 25,855 28,822	54,251 24,060 26,123
		265,365	255,165
		18,915 20,957	17,392 21,190
		154,439 110,926	150,174 104,992
		265,365	255,165
		18.9% 57.9% 5.5% 23.2%	19.3% 58.6% 6.1%

The financial data is based on T-IFRS
Net Financial Debt and its ratio as of Jun 30, 2021 exclude Chilisin.
Cash and cash equivalents: including high liquidity assets categized as Financial Asset Measured at Fair Value-current and Financial Assets at amortized cost-current.

YAGEO Consolidation (reviewed)

Amount in NT$ Million

1Q22 Amount	Q-Q Change %	2Q21 Amount	Y-Y Change %
6,850 (4,793) (1,611) 3,321	(15.0) (157.5) 52.8 (97.6)	7,044 (2,942) (1,222) (665)	(17.4) (319.5) 37.7 112.1
3,766 39,126	(291.2) 9.6	2,215 31,305	(425.1) 37.0
42,893	(16.8)	33,520	6.5

The financial data is based on T-IFRS

YAGEO Consolidation (reviewed)

Amount in NT$ Million

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Q-Q Y-Y
2Q22 1Q22 2Q21
Change % Change %
Accounts Receivable 25,855 24,060 7.5 25,241 2.4
DSO 73 70 3.6 68 6.5
Inventory 28,822 26,123 10.3 20,975 37.4
DOH-Total Company (Amt) 131 126 4.2 96 36.7
Accounts Payable 18,915 17,392 8.8 18,749 0.9
DPO 86 88 (1.9) 84 3.3
Net Working Capital 35,762 32,791 9.1 27,467 30.2
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The financial data is based on T-IFRS

AI assistant

YAGEO Investor Presentation 2022

52008_rns_2022-09-07_954e8e0b-04ea-4fc4-bef7-9ecd5d171b95.pdf

YAGEO Corporation

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

Brand :

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

MLCCs - Ranked No. 3

Inductors - Ranked No. 3

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

Amount in NT$ Million

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

Amount in NT$ Million

YAGEO Consolidation (reviewed)

Amount in NT$ Million

Thank you!

AI assistant

YAGEO — Investor Presentation 2022

52008_rns_2022-09-07_954e8e0b-04ea-4fc4-bef7-9ecd5d171b95.pdf

YAGEO Corporation

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

Brand :

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

MLCCs - Ranked No. 3

Inductors - Ranked No. 3

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

Amount in NT$ Million

YAGEO Consolidation (reviewed)

YAGEO Consolidation (reviewed)

Amount in NT$ Million

YAGEO Consolidation (reviewed)

Amount in NT$ Million

Thank you!

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