ZERO ONE — Investor Presentation 2021

Mar 24, 2021

General Manager / Nancy Huang

Zero One Technology Co., Ltd. ©2014.8.5

Agenda

• Company Profile and Overview

• Operating Strategy and Project Structure

• 2020 Operations Review

• Financial Conditions & Analysis

• Value Proposition & Future Operation Prospects

• Q & A

2

Disclaimer

• ➢

This document is provided by ZERO ONE TECHNOLOGY CO., LTD. Except for the numbers and information included in the Company's financial statements, the information contained in this document has not been audited or reviewed by any accountants or independent experts. The Company does not give any representations or warranties (express or implied) as to the accuracy, completeness, or correctness of such information or opinions. This document is provided as of the date herein and will not be updated to reflect any changes hereafter. The Company, its affiliates and their representatives do not take any responsibility nor accept any liability for any damage caused by their negligence or any other reasons, nor do they accept responsibility or liability for any loss or damages arising from the use of this document or the information contained herein or anything related to this document.

➢ This document may contain forward-looking and strategic statements, including but not limited to all statements which address activities, events or developments that the Company expects or anticipates to hold in the future based on the projections of the Company going forward, as well as various factors and uncertainness beyond the Company's control. Therefore, the actual results may differ materially from those contained in these forward-looking statements. Please do refer to the information on MOPS website as the main basis if any adjustment has been made.

➢

This presentation is not and cannot be construed as an offer to purchase or sell securities or any other financial products nor considered as a solicitation of an offer.

3

Company Profile & Overview

4

OUTLINE

• Founded in ：1980

• TPEX：2000

• TWSE：2002

• Capitals：NT$1.25 billion

• Employees：270 persons

• Partners：More than 1,000

Consecutive annual growth of revenue for 12 years

Unit: NT$ Million 12000 10000 8000 6000 4000 2000 0

• 2020 operating revenues：NT$ 9.8 billion (2020 Consolidated，YoY +10.3%)

5

2017 Zerone Milestones 2015 2014

2015 More cultivation into the AI market, and built a platform for deeper learning for enterprises

2013

Strategically entered into the management of the big data market to enhance IT application solutions for enterprises

Efforts were put in into transmitting contents of cloud to ground, and proactively strategized the information security market and service structures

2010 security market and service structures Successfully entered the enterprise storage market and seized the booming business for private cloud needs

In order to fully capture the cloud market, invested in the team of Cloud service consultants, and set up a new subsidiaryWingWill

To further expand the distribution of diversified brands, a new subsidiaryPETAcom , was also established

6

Brand performances ranked No. 1 in the Taiwan market

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7

Exclusive Distribution Brands in Taiwan

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8

Operating Strategy & Project Structure

9

Speedy shift of customers’mindsets with Zerone’s enhanced consulting services!

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Enhance
Efficiency
for Partners
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• Assemble-free solution validation which provides the total package of product and service display. • Collaborate by offering consultation in sales helps lowering the threshold of SI in applying new technology, thus by shortening the time spent in market expansion.

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Create
stronger
bonds with
Customers
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• Sales strategy aims at solving the pain points of the customers, with which the main principal is to create needs and provide the analysis of the benefits for transformation.

• Enhance after-sale implementation service, and change customers’ - -

• mindsets from budget oriented to need oriented .

10

Zerone Group continues to engage in digital transformation

Create a ecosystem for ZeroneZerone partners!!

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for ZeroneZerone
Focus on distribution of 2011 partners!!
enterprise IT markets Attract excellentttract excellent manufactures – provide innovative
technologies to help enterprises transform
Collaborate with partners –simplify complicated
2021 technologies for easy application
2014 Help enterpriseselp enterprises – fuilfill and satisfy customers’
Enhancement in the
providing of better needs with practical application
services & solutions Achieve the Common Good - create the upward
spiral of mutualism
2017 2019
Create cross-brand supply chains to satisfy
Proactive response to market
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Attract excellentttract excellent manufactures – provide innovative technologies to help enterprises transform Collaborate with partners –simplify complicated technologies for easy application

Help enterpriseselp enterprises – fuilfill and satisfy customers’ needs with practical application

Achieve the Common Good - create the upward spiral of mutualism

Create cross-brand supply chains to satisfy the needs of market integrations

Proactive response to market trends; develop diversification in investment.

11

Product Distribution Strategy & Value chain

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Team
Internet
System
management
Information
AI&Big Data security
-
Value Added
Integration
Back up
Cloud
PI analysis
Storage
Training Sales
Center Team
We Commit To Excellence
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12

A model of ecosystem of partners platform of ZERONE

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Solution Delivery Vendor Linking Service Landing
Project management Solution projects Availability、 Technical The definition of Management of
& verifying help partners performance innovation & service levels Service contracts
structural reliability increase sales values & management integration
Value- Needs confirmation Projects Trending process
definition commercialization Connect optimization
7 * 24
Customers of
人工智慧 technical support
大數據
SMLE
Sales & 網路 資訊安全 Execution CRM
promotion
備份備援 雲端
The scope of After-sales training
industries 系統管理 儲存 for customers
視訊監控 Tracking
Project exhibition
視訊監控 center
Demographics Products
maintenance center
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13

Cross Brand Integrated Solutions Accelerate market implementation of the 4 domains

Improve & upgrade functions of IT infrastructure and provide digital transformation solutions for all industries

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14

Provide diversified

& integrated services for partners

• Founded in 2001

• 300+ courses per year (For PM/Sales/SE/IT)

• 5,000+ participants per year

◆ Certified by manufacturers including: Cisco, F5, Ipswitch, NetApp, NVIDIA, Nutanix, Symantec, TrendMicro, VMware

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Identity Automation Business Control
Operations
Security
Policy
Data
App
Exhibition
Center
Training
Center
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Operations
Security
Policy
Data
App
Exhibition
Center
Training
Center
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15

Zerone Group provides diversified & precise marketing services

(Updated: 2020)

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+30K
marketing
490
5,300 lists
customer
fans @FB
activities +180
(2019)
live
200
streams
+500
trainings/
subscription
certification
courses @Youtube
(2019)
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16

2020 Operations Review

17

2020 Operations Review

ACCUMULATED SALES REVENUE IN 2020 – 9.834

ACCUMULATED SALES REVENUE IN 2019-8.915

Cloud Platform & Application 19% Big Data & Application 5%	IT Infrastructure 29% Internet & Information Security 47% Others<1% BILLIONS Cloud Platform & Application 18% Big Data & Application 7%	IT Infrastructure 29% Internet & Information Security 47% Others<1% BILLIONS Cloud Platform & Application 18% Big Data & Application 7%	IT Infrastructure 29% Internet & Information Security 47% Others<1% BILLIONS Cloud Platform & Application 18% Big Data & Application 7%	IT Infrastructure 29% Internet & Information Security 47% Others<1% BILLIONS Cloud Platform & Application 18% Big Data & Application 7%
		Sales revenue ( Unit : thousand)		Sales revenue ( Unit : thousand)
	Product Category	2020	Product Category	2019
	IT infrastructure	$2,889,703	IT infrastructure	$2,341,572
	Internet & information security	$4,621,943	Internet & information security	$4,334,514
	Cloud platform & application	$1,844,467	Cloud platform & application	$1,651,780
	Big data & application	$474,176	Big data & application	$580,651
	Others	$4,029	Other	$6,653
	Consolidated operating revenue	$9,834,318	Consolidated operating revenue	$8,915,170

18

Financial Conditions & Analysis Chief Officer of Financial Management Division / Michelle Chin

19

Unit : NT$ 100 M HISTORICAL REVENUE IN 10 YEARS

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100
97
80 88
30% growth in
47% growth
3 years
in 2 years
60
66
58
56
51
40 48
42
39 39
34
20
0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
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20

BAR CHART OF CONDENSED INCOME STATEMENT

OPERATING REVENUES GROSS PROFITS OPERATING EXPENSES NET PROFITS

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Unit：NT Million
440
26%
349 541
496 1,046
17%
896
252
225 195 401 10%
321 353 682
579 588
9,834
8,915
6,647
5,932 5,967
2016 2017 2018 2019 2020
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21

Condensed Consolidated Balance Sheet

	Unit：NT$ Million	Unit：NT$ Million	Unit：NT$ Million	Unit：NT$ Million	Unit：NT$ Million	Unit：NT$ Million
Items	2020/12/31		2019/12/31		YOY
	Amount	%	Amount	%	Amount	%
Cash and financial assets- current	1,237	23%	1,100	21%	137	12%
Notes, trade receivable	2,140	39%	2,034	39%	106	5%
Inventories	1,242	23%	1,320	25%	-78	-6%
Long-term investment	454	8%	364	7%	90	25%
Total assets	5,471	100%	5,225	100%	246	5%
Short-term borrowings	-	0%	150	3%	-150	-100%
Trade payables	2,245	41%	2,035	39%	210	10%
Total liabilities	2,802	51%	2,799	54%	3	0%
Total equity attributable to owners of the Company	2,657	49%	2,420	46%	237	10%
Non-controlling interests	12	0%	6	0%	6	100%
Total equity	2,669	49%	2,426	46%	243	10%

22

Financial Index Anal sis y

Horizontal Item 2016 2017 2018 2019 2020 Average Debts ratio (%) 41.61 42.16 49.83 53.55 51.21 49.80 Current Ratio(%) 216.56 211.43 174.47 162.00 167.54 179.33 Quick Ratio(%) 184.13 178.19 130.09 126.59 121.91 92.59 Average 95.05 101.10 97.33 80.39 77.49 53.34 Collection Days Average Inventory 29.39 31.73 43.81 51.48 53.20 90.60 Turnover Days Average 73.44 81.29 88.81 83.91 88.81 81.52 Payables Days

23

EPS & Dividend Payout Ratio of Previous Years

Unit: NT$ Dollar

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4.00
3.55
3.00
2.85
3.00
2.06
2.00
1.85
2.00
1.61
1.50
1.30
1.20
1.00
81% 85%
73% 70%
65%
0.00
2016 2017 2018 2019 2020
EPS Cash/Stock Dividend Dividend Payout Ratio
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Unit: NT$ Dollar

ROE of Previous Years

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4.00 25%
3.55
20%
2.85
3.00
17.3% 15%
2.06
1.85 15.1%
2.00
1.61
11.5% 11.7% 10%
9.5%
1.00
5%
0.00 0%
2016 2017 2018 2019 2020
每股盈餘 EPS 股東權益報酬率 ROE
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25

Value Proposition & Future Operation Prospects

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FY19~FY20 Affirmation from manufacturers

• 2020 wins AXIS 2019 Best Distributor Award

• 2020 wins NVIDIA 2019 Best distributor

• 2020 wins TREND MICRO 2019 Best team award for technical services

• 2020 wins Veeam 2019 The Best Distributor of the Year

• 2019 wins CISCO 2019 Distributor Growth of the Year

• 2019 wins F5 2019 Best distributor award

• 2019 wins F5 APAC DS2 Program FY19 Champion

• 2019 wins NetApp 2019 Distributor Of the Year (GCASK)

• 2019 wins Nutanix FY19 Best distributor

• 2019 wins Progress│ipswitch 2019 Best Performing Partner

• 2019 wins Veritas 2019 the best channel partners award in Great China

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Best
Distributor
of the Year
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• 2019 wins Veritas FY19 Award for the distributor with excellent growth

• 2019 wins VMware 2019 Award for the distributor with yearly record-breaking sales results

27

Distribution Value proposition

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Value-added service
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Distribution strategy
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Continue to deepen Expand Customer the scope of business relationship Technique Market trends introduction Process Solid optimization foundation - Integration & Value added innovation application

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Zerone Group commits to helping customers achieve great success

Leading brands in IT that satisfy market needs

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Provide partners with Sales
resources for market Certified by manufacturers &
expansion Marketing equipped with ample experience
in domain integration capability
Technique
Ecosystem of Partners platform One-stop service to satisfy
customer needs
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29

Future Operation Prospects

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30

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Thank you for attending the online investor conference
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Zero One Technology Co., Ltd. ©2014.8.5