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國巨股份有限公司

公司簡報

2025 年 2月

免責聲明

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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.

關於國巨

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Built Into Tomorrow

Headquartered in Taipei, Taiwan, we harness our expertise to provide innovative, dependable solutions, enhancing our customers' products for a safer, more efficient, and interconnected future.

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1977 40,000+ 100+ $4B 2K+ 273K+
Founded Global Locations Yearly Patents Global
Employees Worldwide Revenues Customers
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PRINCIPAL BRANDS

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集團使命與願景

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OUR MISSION

Utilize our expertise to deliver innovative, reliable solutions that elevate our customers' products, shaping a safer, more efficient, and interconnected future.

OUR VISION

Leverage our manufacturing scalability, comprehensive product offering, and the ingenuity of our global talent to build robust, sustainable, and resilient relationships with our customers.

營運策略

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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 B Continue to grow organically and through M&A and become a passive component power house

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

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Expand our global presence and scale through our global sales and network, distributors, and blue-chip focused customers

公司簡介

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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.

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No. 1 in Chip resistors
No. 1 in Tantalum capacitors
No. 3 in MLCCs
No. 3 in Inductors
Market caps reached around NTD$ 289.9 billion as of February 10[th] , 2025.
Included in the MSCI Taiwan Index, FTSE/TWSE Taiwan 50 Index, FTSE4Good TIP Taiwan ESG Index, and TWSE Taiwan Employment Creation 99 Index.

世界級的被動元件領導供應商

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YAGEO is the world’s only electronic component and service provider who has all three of the main pillars of the passive component industry—resistors, capacitors, and inductors, with each of the products having the leading position among its peers.
YAGEO has extended its product portfolio to circuit protection components, wireless components and sensors. After years of international acquisitions and internal product portfolio optimization, YAGEO has transformed to a premium solution provider with high design-in capability and extensive reach into those hard to penetrate segments and markets.
YAGEO has strong global presence with 35 sales offices, 53 manufacturing sites, and 20 R&D centers in 32 nations worldwide.

世界級的被動元件領導供應商

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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-doing-business tools.
YAGEO products are widely used in all kinds of electronic applications, including AI, automotive, industrial, 5G/6G, IoT, cloud/data center, medical, aerospace, alternative energy, telecommunications, power supplies, computers and peripherals, and consumer electronics.
YAGEO has a strong and diversified customer profile, including global brand customers, leading EMS, ODM/OEM, and distributors.

世界級的被動元件領導供應商

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◼ YAGEO closed the merger deal of Nexensos , a global leader in premium platinum thin-film temperature sensors, in an allcash transaction of EUR 79.4 million in April 2023 . YAGEO continued to close another merger deal of Telemecanique Sensors in November 2023, a leading global specialist in mission-critical electromechanical and electronic sensors, in an all-cash transaction of EUR 686 million .

◼ YAGEO completed the merger of a leading inductor maker Chilisin in January 2022, through a share-swap transaction. Earlier, YAGEO also completed the mergers of KEMET in June 2020 and Pulse Electronics in December 2018, with total equity valued US$ 1.64 billion and US$ 740 million in cash, respectively.

In 2023, YAGEO reached its 2[nd] highest revenue of NTD$ 107.6 billion with 33.5% of Gross Margin, 19% of Operating Margin, EPS of NT$ 41.8, and 13.6% of ROE.

– 完整產品線滿足各產業應用所需

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IoT/ Medical/ Automotive Alternative Energy Industrial Monitoring/Power Communications High Reliability Consumer Computer Related Telecom Aerospace/ Defense High Voltage Portable Devices

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Chip Resistors Leaded Resistors MLCC Tantalum Capacitor Film Capacitor Aluminum ECap
METCOM Inductors Wireless Antenna RF filters Inductor Circuit Protection
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– 客戶涵蓋全球領導廠商多元客戶群

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Brand :

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EMS / OEM :

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Distributor :

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產量位居全球前三大

Chip Resistors - Ranked No. 1

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YAGEO
34%
Others
43%
KOA
9%
Vishay Rohm
2% Panasonic
6%
6%
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Tantalum Capacitors - Ranked No. 1

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Others
4%
Vishay
10%
KEMET
Panasonic
46%
14%
AVX
26%
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產量位居全球前三大

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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
15% KEMET
2% Murata
AVX 15%
TDK Taiyo Yuden
Taiyo Yuden
3% 3% 13% 12%
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3Q2024 合併營收比重

NT$ 31,738 M QoQ +1% YoY +16%

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By Customer HQ

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QoQ change
Regions 2Q24 3Q24
(ppts)
US 26% 26% 0
Europe 20% 19% (1)
China 25% 25% 0
Rest of Asia 29% 30% 1
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3Q2024 合併營收比重

NT$ 31,738 M QoQ +1% YoY +16%

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QoQ change
Applications 2Q24 3Q24
(ppts)
Automotive 20% 20% 0
Industrial 32% 29% (3)
Telecom 9% 9% 0
Computing & ESs 22% 25% 3
Consumer 12% 12% 0
Aero/Def/Med 5% 5% 0
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In Q3 Segment was reclassed, moving Medical from Industrial to Aerospace / Defense / Medical

3Q2024 合併損益表

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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 Noncontrolling Interests Net Income (attributable to the parent) EPS (NT$ Dollar) EBITDA		Amount % 31,418 100.0 (20,380) (64.9) 11,038 35.1 (4,556) (14.5) 6,482 20.6 923 2.9 7,406 23.6 (1,919) (6.1) 5,486 17.5 (34) (0.1) 5,453 17.4 10.85 8,664 27.6 2Q24	Q-Q Change % 1.0 0.9 0.1 ppts 0.2ppts 0.3 ppts (1.2ppts) (0.9 ppts) 1.4ppts 0.4 ppts (0.0ppts) 0.4ppts 1.5 0.3ppts	Amount in NT$ Million Y-Y Amount % Change % 27,396 100.0 15.9 (18,290) (66.8) 12.4 9,106 33.2 2.0 ppts (3,724) (13.6) (0.7ppts) 5,382 19.6 1.3 ppts 893 3.3 (1.5ppts) 6,275 22.9 (0.2 ppts) (1,346) (4.9) 0.2ppts 4,930 18.0 (0.1 ppts) (88) (0.3) 0.2ppts 4,841 17.7 0.1ppts 9.65 14.1 7,486 27.3 0.6ppts 3Q23
	Amount % 31,738 100.0 (20,560) (64.8) 11,178 35.2 (4,542) (14.3) 6,636 20.9 556 1.8 7,192 22.7 (1,508) (4.8) 5,683 17.9 (34) (0.1) 5,649 17.8 11.01 8,857 27.9 3Q24	Amount % 2Q24
		31,418 100.0 (20,380) (64.9)			15.9 12.4
		11,038 35.1 (4,556) (14.5)			2.0 ppts (0.7ppts)
		6,482 20.6 923 2.9			1.3 ppts (1.5ppts)
		7,406 23.6 (1,919) (6.1)			(0.2 ppts) 0.2ppts
		5,486 17.5 (34) (0.1)			(0.1 ppts) 0.2ppts
		5,453 17.4			0.1ppts
		10.85 8,664 27.6			14.1
					0.6ppts

Q-Q/Y-Y Change of Net Sales, Cost of Sales , and EPS is in %, the rest of Changes is in percentage point.

The financial data is based on T-IFRS

3Q2024 營業外收入及支出

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YAGEO Consolidation (reviewed)


*GEO Consolidation (reviewed)* Foreign Exchange Gain (Loss) Net Interest Income (Expense) Investment Income on Equity-Method Others Total		2Q24 287 632 98 (94) 923	Q-Q Change % (126.3) (14.4) (4.7) (97.1) (39.8)	Amount in NT$ Million 3Q23 Y-Y Change % 179 (142.3) 503 7.4 80 17.4 131 (102.1) 893 (37.7)
	3Q24
	(76) 541 94 (3)
	556

The financial data is based on T-IFRS

Q1-Q3 2024 合併損益表

YAGEO Consolidation (reviewed)

Amount in NT$ Million

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

3Q2024合併資產負債表摘要

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YAGEO Consolidation (reviewed)


*GEO 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 % 2.1 (3.1) 1.3 (0.0) 4.2 (7.1) (4.3) 6.1 (0.0) (2.1 ppts) (8.8 ppts) (0.1 ppts)	Amount in NT$ Million As of Sep 30 Y-Y 2023 Change %
	As of Sep 30 2024	As of Jun 30 2024	Q-Q Change %
	94,244 22,832 26,798	92,332 23,569 26,466	2.1 (3.1) 1.3	82,624 14.1 21,151 7.9 25,099 6.8
	358,391	358,563	(0.0)	314,475 14.0
	15,484 22,721	14,855 24,447 212,571 145,993	4.2 (7.1)	14,618 5.9 11,518 97.3
	203,432 154,959		(4.3) 6.1	175,752 15.7 138,723 11.7
	358,391	358,563	(0.0)	314,475 14.0
	14.7% 71.0% 3.8% 14.5%	16.7% 79.8% 3.9% 14.3%	(2.1 ppts) (8.8 ppts) (0.1 ppts)	8.3% 6.4 ppts 39.2% 31.7 ppts 3.7% 0.1 ppts 13.1%

The financial data is based on T-IFRS

3Q2024合併現金流量表

YAGEO Consolidation (reviewed)

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

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		2Q24 Amount 5,254 (5,146) 6,969 1,366 8,443 83,889 92,332	Q-Q Change % 57.6 (24.7) (123.3) (163.6) (77.4) 10.1 2.1	Amount in NT$ Million 3Q23 Y-Y Amount Change % 9,654 (14.2) (3,514) 10.3 2,205 (173.7) 456 (290.7) 8,801 (78.3) 73,823 25.1 82,624 14.1
	3Q24 Amount 8,282 (3,876) (1,624) (869) 1,912 92,332 94,244	2Q24 Amount
		5,254 (5,146) 6,969 1,366
		8,443 83,889
		92,332

The financial data is based on T-IFRS

3Q2024營運資金管理

YAGEO Consolidation (reviewed)

		2Q24 23,569 65 26,466 119 14,855 64 35,180	Q-Q Change % (3.1) 2.1 1.3 (0.5) 4.2 5.4 (2.9)	Amount in NT$ Million 3Q23 Y-Y Change % 21,151 7.9 69 (3.0) 25,099 6.8 126 (6.2) 14,618 5.9 70 (3.2) 31,632 7.9	Amount in NT$ Million 3Q23 Y-Y Change % 21,151 7.9 69 (3.0) 25,099 6.8 126 (6.2) 14,618 5.9 70 (3.2) 31,632 7.9
	3Q24 22,832 67 26,798 118 15,484 67 34,146
					7.9 (3.0)
					6.8 (6.2)
					5.9 (3.2)
					7.9

Accounts Receivable DSO Inventory DOH-Total Company (Amt) Accounts Payable DPO Net Working Capital

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The financial data is based on T-IFRS

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! 謝謝你 Thank you!

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AI assistant

YAGEO — Investor Presentation 2025

52008_rns_2025-02-13_ffad56ef-b4b3-4e86-8996-52f3a5c26d07.pdf

國巨股份有限公司

公司簡報

免責聲明

關於國巨

Built Into Tomorrow

PRINCIPAL BRANDS

集團使命與願景

OUR MISSION

OUR VISION

營運策略

公司簡介

世界級的被動元件領導供應商

世界級的被動元件領導供應商

世界級的被動元件領導供應商

– 完整產品線 滿足各產業應用所需

– 客戶涵蓋全球領導廠商 多元客戶群

EMS / OEM :

產量位居全球前三大

Chip Resistors - Ranked No. 1

Tantalum Capacitors - Ranked No. 1

產量位居全球前三大

MLCCs - Ranked No. 3

Inductors - Ranked No. 3

3Q2024 合併營收比重

NT$ 31,738 M QoQ +1% YoY +16%

3Q2024 合併營收比重

NT$ 31,738 M QoQ +1% YoY +16%

3Q2024 合併損益表

YAGEO Consolidation (reviewed)

3Q2024 營業外收入及支出

YAGEO Consolidation (reviewed)

Q1-Q3 2024 合併損益表

YAGEO Consolidation (reviewed)

3Q2024合併資產負債表摘要

YAGEO Consolidation (reviewed)

3Q2024合併現金流量表

YAGEO Consolidation (reviewed)

3Q2024營運資金管理

YAGEO Consolidation (reviewed)

! 謝謝你 Thank you!

More from YAGEO

YAGEO Investor Presentation 2025

– 完整產品線滿足各產業應用所需

– 客戶涵蓋全球領導廠商多元客戶群