Sponsored by TWSE / Co-organized by QIC and CSC 2020.4.6~10

Stock ID: 6288

7th Taiwan CEO Week On Air

Excellence Opto. Inc.

Presenter: Fanny Huang

Safe Harbor Notice

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This newsletter and related information published contain predictive information obtained from internal and external sources of the company. This type of expression is based on expectations of current conditions, but it is subject to the effects of known or unknown risks or uncertainties. Therefore the actual results may be different from the presentation.

Except for the requirements of the Law, the company is not

obliged to update its representation of the future prospects in response to the occurrence of new information or future events.

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

Founded 1995

Chairman Dr. Kuo-Hsin Huang (33 Years in LED Industry)

President Ms. Fanny Huang

(25 Years in LED Industry)

Capital NT$1.711 billion

Business Focus

Automotive LED Components and Modules, System Design (ODM), Energy Saving Products

Employees around 1, 250 worldwide

Operating Base

Taiwan, China, U.S.A, Germany, Spain

Factories Taiwan, China, U.S.A

EOI Headquarters is at National Chunan Science Park, Taiwan

Company Profile

Who is EOI?

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Pioneer of Innovative Light Source in Automotive!

2017 IATF 16949 Certificatio

n

2013 OHSAS 18001 Certification

2012 ISO 14001

Certification

2005 TS 16949

Certification

2000 TAF

Certification

2000 QS 9000

Certification

1998 ISO 9001

Certification

1998

LED Package

Uniflex Linear Patented Technology

2019`

2000 Energy-Saving

Consumer Products

2004 Automotive LED Module

Tier 2 Part Module Supply

2010 Ford F-150 Modules

2015 Innovative LED

Light Source

2018

Energy Saving Signal

1995

Optoelectronics Detection

Laser

1995 2000 2015 2020 2005 2010

Energy Saving Industry

Optoelectronic Industry

Testing Instrument

Industry

Automotive Industry

Innovative LED Lighting Source

Technology and Product Milestones

Global Base of EOI

Factory Sales RD Logistics

Taiwan

Dongguan Dundee

Shenzheng

Grandrapid

California Spain Beijing

Shanghai

EOI HQ, Chunan, Taiwan EOI US-Michigan I LXF, China EOI US- California EOI US-Michigan II EOI DG, China

Germany

OEM

Tier1

Tier2

Tier 3

Car Assembly

System Integration

Modules

Components

Automotive manufacturers

System supply directly to OEM

Module supply directly to Tier-1

Components and/or materials supply

EOI’s role as Tier 2~3 supplier

Roles in Supply Chain

EOI’s ODM/OEM Supply Chain

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

Energy Saving (7%)

Industrial (3%)

Automotive (90%)

Main Product and Its Contribution

Ratio of Revenue 2019

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Chip Size

Luminous Flux 2 ~ 16 lm

9 ~ 14 mil

Chip Size

Luminous Flux 2 ~ 7 lm

9 ~ 12 mil

Chip Size

Luminous Flux 2 ~ 14 lm

9 ~ 14 mil

Chip Size

Luminous Flux 50 ~ 1500 lm

40 ~ 55 mil

Chip Size

Luminous Flux 10 ~ 75lm

14 ~ 24 mil

SMD

Medium Power

PLCC slug

Through Hole

20mA ~ 50mA

PLCC

IR & UV

High Power

提供完整之LED元件系列 LED Components Series

LED for interior and exterior light

sources of vehicles

PLCC2 – 3528(W/R/G/B/)

PLCC4- 3528 RGB

PLCC-2214 R/G/B

PLCC6 RGB 3in1

SMD R/G/B

PLCC2 - 3528(P/R//U/)

PLCC4 - 3528(P/R/U/)

PLCC4 With lens 30˚- 3528(P/R/U)

PLCC6 0.5W(P/R/U)

More than 150 LED components passed AEC-Q

STL F1/F2 – HDL LED

STL E10 series

STL E7/ E9 series

PLCC4 1-3W series

STL –E7/E9 ( W/R/Y )

PLCC4 – 1-3W

STL-2720

EOI LED For Automotive

EOI’s LEDs in CAR

Storage Light Ambient & Reading

Indicator & backlight

Hi/Lo Head Light

Daytime Running

Position Light

Turn & Signal

Rear Turn & Signal

Tail & Brake

Front Fog

CHMSL Rear Fog

Side Mirror Turn Signal

Side Marker

Service Performance for More Than 40

Automobile Makers

Projects by EOI

O E M / O D M 應用實績

Ford F-150 Pickup 2015

EOI’s Project in North America

The oldest car in the world The world's second best selling car 14

Tesla Model 3

EOI plays two different roles in this newly launched project:

Tier 2 – EOI Uniflex Modules for RCL Tail Tier 3 – EOI’s LED for lift gate tail

210,000 vehicles (Europe)

320,000 vehicles

88,000 vehicles

350,000 vehicles

77,000 vehicles

220,000 vehicles F150 RCL

KL RCL & LGL

U540 RCL & LGL

Tesla M3 RCL & LGL

WD RCL & LGL

DT RCL

DJ RCL

F250 RCL

CX482 RCL & LGL

68,000 vehicles

320,000 vehicles

100,000 vehicles

220,000 vehicles

EOI High Runner Production Programs 2020

2019 2018

Growth Ratio Vehicles Sold Vehicles Sold

Passenger Car 4,813,233 5,354,506 -10.1%

Light Truck 12,234,492 11,919,737 2.6%

Total 17,047,725 17,274,243 -1.3%

Source：MarkLines Data Center

New Cars Sold in USA in 2018 and 2019

In 2019, new cars sold in US was 17.04 million vehicles.

EOI shipped products of 2.58 million vehicles to US, i.e. one of

every 6.2 new vehicles sold in 2019 used EOI’s products.

>300M pieces > 8.68M Vehicle > 35.78M sets

Vehicles: More than 8.68 million vehicles LED Modules: More than 35.78 million modules LED Components: More than 300 million pieces

LED Modules LED Components

Automotive Industry Achievement Last 10 Years

Vehicles

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

Electronics Circuit Design

Mechanical Mold Design

Thermo Heat Flow Analysis

Optical Optical Test

LED Package

Innovation

Advanced Innovative Teams

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21

Software

LMS-200 Integrating Sphere

Comprehensive Hardware and Software

Measurement and Test Instruments

0

X-Ray

SEM

Photometric

Near Field

EMC

Thermal

CMM

Vibration Environmental

TAF Optical Laboratory

Front Lamp with UniFlex Linear Module

Multiple spot

Light pipe

UniFlex Linear High uniformity Flexible to meet customers’

special needs Excellent visual effect

Corresponding Dynamic lighting function

Roadmap of Headlamp

Incandescent Lamp

Fuel Lamp

HID Lamp

Hi-Low Beam Combo Multi-Headlamp Module

LED Assembly Lamp

Consist of 3 pieces Low Beam Modules and 2 pieces High Beam Modules Work with Intelligent System Flexible Design with High/Low Beam Easy for Maintenance Streamline Design

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Mini LED Future Application

Mini LED

Vehicle Smart

Dashboard

Smart Headlight

Car Head-Up Display

Ultra-Small Pitch RGB LED Display (Pitch < 0.7 mm)

LED Display for Cinema, Theater

Touch and Gesture Recognition Technology

Flexible Transparent Circuit Board and AR

WLP (Wafer Level Package)

AI Image Recognition Technology

HDR High Quality Image Processing and Drive Circuit

Notes: major focus

LED Headlight Module Technology Integration and Customized Design

Smart Headlights ADB/AFS System Various Road Reference

PES single lens near/fog light

LED headlight module

MR Multiple Reflection Far/Near Light

Multi-Focus Multi-Module LED Combined Headlight

Compound Eye Far/Near Unity LED Headlight Module

PES Single Lens Far/Near Unity

LED Headlight Module

Geometric Optical Design of Vehicle Lighting System

Computer Aided System Design Analysis Application

Circuit Driver and Solution Integration

Signal Detection and Control System Application

Europe

Taiwan

Japan China USA

Building: 89,360 SF Land: 9.94 Acrs

Expanding China market and customers Expanding China's modules’ capacity

To establish strategic partners in Japan

Increasing investment in USA Adding production lines and warehouse in Michigan, USA

Adding European warehouses for European orders Setup EOI GmbH in Germany

Integrate relevant industries resources in Taiwan and to provide innovative and versatile products for automotive customers

Germany Spain

CA

MI

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Operation Strategies

EOI Taiwan Headquarters

EOI China DongGuan Plant

EOI Michigan Dundee Plant

Increased Production Capacity in Response to New Orders

2019 Q4: Install machines 2020 Q1: Get certification of IATF 16949 2020 July: Customers’ audit

Plant: 89,360 SF Land: 9.94 Acres

New Dundee Plant in Michigan

1st Stage

3rd Stage

Three Stages for EOI Dundee

Long-term plans for production lines: 1st Stage: Current building

2nd Stage: Next 4~6 years

3rd Stage: Next 7~10 years Target: To become top 5 PCBA suppliers for automotive lighting

2nd Stage

(1) Construction period of the building: 2019/Q4 ~ 2021/6 (2) Installation of machinery and equipment: 2021/7 (3) The appearance of the new construction:

Appearance Simulation Drawing of New Building of the Headquarters

Headquarters is scheduled for the second phase of the building.

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

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Comparison of Consolidated Income

Unit: USD thousand

28.53%

26.98%

33

Comparison of Consolidated Income Before Tax

Unit: USD thousand

127.97%

21.27%

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Comparison of Consolidated Assets

Unit: USD thousand

14.11%

15.66%

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Book Value Per Share

Unit: USD

15.15%

3.72%

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ROA & ROE

2.50% 4.14%

5.10% 4.00%

7.45% 9.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

2017/12/31 2018/12/31 2019/12/31

ROA ROE

Revenue-2020 Jan~Feb Compared with Same Period in 2019

Unit: USD thousand

10,303 11,017

21,320

10,717 10,229

20,945

-

5,000

10,000

15,000

20,000

25,000

Jan Feb Jan&Feb 2019 2020

2020 Jan~Feb Revenues by Region

USD in thousand

18,188, 87%

1,425, 7%

1,179, 5% 154, 1%

North America

China

Taiwan

Others

Sales by Products

Consolidated Statement of Comprehensive Income

(Unit: USD thousand exchange rate@ 30.912)

2019 2018 YoY

Net Operating Revenue 139,162 109,596 27% Gross Profit 27,212 21,837 25%

Gross margin(%) 20% 20% Operating Expenses (18,950) (16,299) 16%

Operating expense ratio(%) 14% 15% Operating Income 8,262 5,538 49%

Operating margin(%) 6% 5% Net Non-operating Income (361) 978 (137%) Income before Tax 7,901 6,515 21% Income Tax Expense (1,228) (1,714) (28%) Net Income 6,673 4,801 39%

Net margin(%) 5% 4% Earnings Per Share(USD) 0.04 0.03 33%

ROE(%) 9.00% 7.45% 40

Consolidated Balance Sheet

(Unit: USD thousand exchange rate: 29.95) 2019/12/31 2018/12/31 $ % $ %

Cash and cash equivalents 34,666 21% 30,084 21% Notes receivable & accounts receivable 27,058 17% 22,459 16% inventories 38,357 23% 38,394 27% prepayments 1,646 1% 3,489 2% Long-term investments at equity 394 0.2% 425 0.3% Property, plant and equipment 40,756 25% 38,348 27% Right-of-use assets 4,846 - - 0% Total assets 163,952 100% 141,749 100% Current liabilities 60,269 59,393 Long-term borrowings (including Bonds Payable) 20,902 6,586 Total liabilities

86,112 53% 66,704 47%

Ordinary shares

57,081 57,081

Equity attributable to owners of the Company

77,840 75,045

Total equity 77,840 47% 75,045 53% Book value per share(USD) Important financial indicators

0.455 0.439

Current ratio(%) 177.04 162.27 Debt ratio(%) 52.49 47.06

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42

1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

Provide vertical integration services for customers and quickly provide one stop shopping of source components, modules, and displays for automotive customers. With excellent R&D teams of optical, mechanical, electronics and thermo technologies, EOI is able to quickly deliver innovative designs and solutions, and to fully meet or exceed customers’ expectation. Sales Strength:

• More than 18 years in automotive industry. • More than 21 years in energy saving industry with Core technology. • Served more than 40 OE car markers as a Tier-2 and Tier-3 supplier • Build up strategic partnership with world-class automotive lighting customers. • Build up energy saving sales channel in North America. • Most automotive modules orders are long-term for 3~12 years.

Pursue zero-defect’s determination and execution Provide innovative light sources based on OE car makers’ demand for future trends.

Locations in multiple countries which are close to the key customers.

High employers’ satisfaction and centripetal, stable professional management teams. The global major car manufacturers and automotive lighting companies have high interest to cooperate with EOI in new Dundee plant in the USA.

Continuously develop innovative LED light sources for automotive market and comply with AEC-Q verification, to expand sales of LED and to increase market share. Expect to become the world's top five automotive LED suppliers

1

3 Smart LED car headlight development. Expect to become an Important supplier of head lamp modules in the world

To develop tiny pitch Mini LED display for automotive instrumentation and large LED display. Expect to become one of major suppliers in the world.

4

2 Continuously use patented technology to expand the application surface to various headlights such as automobile taillights, brake lights, directional lights and daytime running lights. Expected module shipments to exceed 20% of the US market

Continue to develop more cost-effective LED outdoor lighting and green light products such as the number of lights, and participate in the service of smart cities. Expect to become one of major suppliers in the world.

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Conclusion

Business Goal

1. Become a leading supplier of innovative light sources and quick solutions of automotive projects worldwide.

Establish a sustainable and excellent enterprise with happy customers, employees and share holders, and to make big contribution to the world.

2.

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1. Company Profile

2. Products and Market

3. Research and Innovation

4. 2019 and 2020 Operation Report

5. Future Outlook

6. Q&A

Agenda

Q & A

We sincerely hope that our efforts will bring better life to human beings. 49

Appreciate your patient listening and professional advice.

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