KYEC 1Mar-19 KYEC 1Mar-19

Benchmark of

The Testing Industry

Wafer Test Service Assembly Service Burn-In Service IC Test Service Backend Support Turnkey Operation

King Yuan Electronic Corp., Ltd.

[TWSE: 2449]

20193

2

&

: (1) 20181231

3

1987 1990 1993 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018

: 19875 : : 2449.TW (1): NT$ 28,428.8M(1): NT$ 4,786.6M(1): 8,425

(burn-in)

4

3

2

14,000

5

4

6

8.8%21.3%51.2% 9.1%7.2%2.4%

7.7%20.6%53.4% 8.7%7.3%2.3%

80

2018

36.7%36.4% 3.4%20.9%2.6%

5

40.9%36.8% 3.0%15.7%3.6%

2018

2018

2018

2018

()

: Gartner 2017

6

5060 201848.0201848.8

2017 Company 2016 2017 change 2017 Company 2016 2017 change

1 Samsung Electronics 40,104 59,875 49.30% 26 Marvell Technology Group 2,408 2,394 -0.60%

2 Intel 54,091 58,725 8.60% 27 Maxim Integrated 2,223 2,380 7.10%

3 SK Hynix 14,681 26,370 79.60% 28 Qorvo 2,270 2,267 -0.10%

4 Micron Technology 13,381 22,895 71.10% 29 Robert Bosch 2,059 2,256 9.60%

5 Qualcomm 15,415 16,099 4.40% 30 Cypress Semiconductor 1,828 2,243 22.70%

6Broadcom Ltd. (formerly

Avago)13,233 15,405 16.40% 31 Osram 1,624 1,928 18.70%

7 Texas Instruments 11,899 13,506 13.50% 32 Nanya Technology 1,293 1,808 39.80%

8 Toshiba 9,918 12,408 25.10% 33 Mitsubishi 1,544 1,654 7.10%

9 Western Digital 4,170 9,159 119.60% 34 Microsemi 1,562 1,642 5.10%

10 NXP 9,314 8,750 -6.10% 35 Unigroup Spreadtrum RDA 1,765 1,600 -9.30%

11 ST Microelectronics 6,815 8,031 17.80% 36 Synaptics 1,435 1,556 8.40%

12 Infineon Technologies 7,033 7,872 11.90% 37 Cirrus Logic 1,443 1,555 7.80%

13 Apple 7,157 7,862 9.90% 38 Novatek 1,417 1,548 9.20%

14 MediaTek 8,725 7,837 -10.20% 39 Nichia 1,471 1,504 2.20%

15 Renesas Electronics 5,707 6,914 21.10% 40 Omnivision 1,255 1,431 14.00%

16 nVIDIA 4,576 6,537 42.90% 41 Vishay 1,236 1,374 11.20%

17 Sony 5,483 6,424 17.20% 42 Realtek Semiconductor 1,171 1,369 16.90%

18 Analog Devices 3,562 5,705 60.20% 43 Dialog Semiconductor 1,187 1,346 13.40%

19 ON Semiconductor 4,123 5,297 28.50% 44 Sanken 1,169 1,276 9.20%

20 AMD 4,038 5,085 25.90% 45 Nexperia 0 1,256 NM

21 HiSilicon Technologies 3,730 4,480 20.10% 46 Winbond Electronics 1,041 1,254 20.50%

22 Microchip Technology 3,065 3,766 22.90% 47 Diodes 941 1,054 12.00%

23 Skyworks Solutions 2,890 3,319 14.80% 48 Panasonic 1,054 1,051 -0.30%

24 Rohm 2,531 2,857 12.90% 49 Macronix International 671 1,048 56.20%

25 Xilinx 2,311 2,476 7.10% 50 Denso 947 990 4.50%:

4,000

7

Advantest T5571P / T5581H /T5585 / T5588T5371 / T5372 / T5377ST5382A / T5771T5335 / T5365 / T5334 /

T5335P

T6672 / T6673

T6575 / T6577

T6683

T6331

T6371

T6372

T6373

T2000-RF T2000

Agilent(Verigy) V1200 / V2000V3000 / V4400 HP93K / HP94K / HP83K HP93KIP / 94KIP HP93KPSRF HP93KPS / PS1600LTX-Credence Kalos / XWKalos II / HEXPkalos / Pkalos II Duo / QuartetSCX12 / ITS9KEXA / CVITS3KEXA /ASL1K / ASL3K-MSSapphire / D10

ASL3K-RF

Fusion-CX

Fusion-MX

Sapphire / D10

Fusion-MX

DiamondXTeradyne Catalyst / J750J750EX / iFlexUltra Flex IP750IP750EMP Flex-RFCatalyst-RFUltra Flex-RF J750EX / J750 /J750HD / ETS-364iFlex / Ultra FlexCatalystYokogawa TS6700ST6730KYEC M-series tester E-series tester I-series tester D-series tester E-series tester E-series tester

/ / /

SOC solution

High Power Solution

CIS Tester

MEMS G-sensor Tester

MEMS Microphone Tester

Integration Image Process & Optical

Integration of Motion & thermal socket

Integration of Acoustic chamber & kit design

Integration of Analog module & RF module

Integration of Hi-voltage module & Hi-current module

Logic Tester

LCD Driver Solution

8

1998 400

SoCCISLCDMEMS

9

E320logic

tester/512 channels

E320 tester/ analog

option for audio

devices

E320 logic tester

system

E320_P tester for power

management IC

2002 2004 2006 2008 2010 2012 2014 2016 2018

D-serial tester for TDDI/LCD Driver/2304

channels/1.3G

E320logic

tester/1024 channels

Tester for MEMSaccelerometer sensor

Tester for MEMSMicrophone

sensor

Tester for MEMSGyro/Hygrometer/

Environmental sensor

E320 tester/analog

option for baseband

E320 tester/RF option for GPS &

BDS

E320 tester/RF option for TV

tuner

E320 tester/RF option for blue

tooth (4.0)

D-serial tester for LCD driver/1536

channels

Tester for MEMSPressure sensor

Tester for LCD drivers

Tester for MEMS

Tester for analog/logic devices

Tester for memory

Tester for RF devices

M320 memorytester/1024 channels

E320logic

tester/1536 channels

2020

M320 memorytester/4608 channels

D-serial tester for TDDI/LCD Driver/2304

channels/1.6G

E320 tester/RF option for blue

tooth (5.0)E320 tester/RF

option for Wi-Fi 4

I300 CIS tester

I500 CIS tester

I1000 CIS tester

I2000 CIS

tester

I1000C CIS tester

I5000 CIS tester

I9000 CIS tester

I6000 CIS tester

I2000 CIS

tester

I7000 CIS tester

I1000HD CIS tester

Optical mouse

Motion sensor

3M pixel Automotive

5M pixelMIPI 1.0G MIPI 1.2G

23 M pixelMIPI 1.6G

8M pixel

16M pixel

MIPI 2.5G

CMOS

2002 2004 2006 2008 2010 2012 2014 2016 2018

10

I1000HD/ I2000XD

CIS tester

MIPI 3.0G

2020

I1000HD/ I2000XD

CIS tester

MIPI 3.5G

I1000HD/ I2000XD

CIS tester

MIPI 4.0G

11

KYE600 Oven

KYE601 Oven

KYE680 Oven

KYE700-32

Oven

HP600-6

Oven

HP600-12

Oven

HP600-20

Oven

HP600-16

Oven

HP600-20Z

Oven

Memory(DRAM / SRAM)

< 1 watt

< 1 watt / -40C

Logic (Chipset)< 1 watt

Network communication

10 watts

GPU500 watts

1996 1998 2000 2002 2006 2010 2012 2016 20182008 2014

Automotive120 watts

50 watts

GPU300 watts

20 watts

(Burn-In Oven)

KYE600/HP600 Oven

1000 watts

KYE600/HP600 Oven

1500 watts

2020

KYE600/HP600 Oven

2000 watts

22.0%

19.4%21.1%

18.9%

20.6% 19.6% 19.4%

15.9%

24.4%22.6% 22.2% 21.4%

24.5%23.4% 23.1%

20.7%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18

% %

20-251,200(1)270(1)2018

12: (1) 20181231

(WLCSP)

/ AOI()WLCSP

(WLCSP)/

(WLCSP)

Wafer

Wafer

Wafer

/

Waffle pack

AOI()

13

20

30

30

20

30

20

20

14

15

() 2017 2018 2018 2018 $19,686.9 $5,520.5 $5,673.8 $20,815.4 (%) 29.4% 29.7% 22.0% 25.8% $1,497.7 $449.0 $498.1 $1,734.9 $818.1 $241.0 $245.2 $909.1EBITDA $9,810.8 $2,627.8 $2,375.5 $9,446.1 () $1.87 $0.53 $0.34 $1.46 () $1.88 $0.53 $0.35 $1.47

16

Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 4,358 5,057 5,431 5,235 4,869 4,843 5,173 4,803 4,581 5,040 5,521 5,674 27.2% 30.6% 31.4% 28.4% 30.4% 31.4% 29.7% 26.0% 23.1% 28.1% 29.7% 22.0% 0%10%

20%

30%

40%

50%

60%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

()

()

17,128.5

20,081.719,686.9

20,815.4

4,802.6

5,673.8

0

5,000

10,000

15,000

20,000

25,000

2015 2016 2017 2018 Q4 '17 Q4 '18

()7,829.0

9,274.69,810.8 9,446.1

2,222.2 2,375.5

0

2,000

4,000

6,000

8,000

10,000

12,000

2015 2016 2017 2018 Q4 '17 Q4 '18

()

17

53.1%60.0% 58.0% 57.1% 56.5% 58.4%

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 Q4'17 Q4'18

45.7% 46.2% 49.8% 45.4% 46.3% 41.9%

0%

20%

40%

60%

80%

100%

2015 2016 2017 2018 Q4 '17 Q4 '18

7,136.7

9,211.5

5,249.8

8,680.8

1,158.71,673.6

0

2,000

4,000

6,000

8,000

10,000

2015 2016 2017 2018 Q4'17 Q4'18

()

/

12,784.314,090.6

15,286.9

12,004.5 12,242.1 13,074.015,009.9

17,047.0

7,418.26,234.1 5,617.4 5,395.0 5,605.2 4,799.2 4,722.3 4,786.6

0

5,000

10,000

15,000

20,000

2014/12/31 2015/12/31 2016/12/31 2017/12/31 2018/3/31 2018/6/30 2018/9/30 2018/12/31

Debt Cash

()23.1% 34.6% 40.3% 25.9%/ 25.4%

18

8,284.5 8,350.5 9,075.5

8,427.8

2,354.0 2,664.1

0

2,000

4,000

6,000

8,000

10,000

2015 2016 2017 2018 Q4'17 Q4'18

()

34.3% 41.9% 49.6%

19

Non-GAAP

100.0% 100.0% 25.8% 30.3% 13.1% 17.5% 8.6% 12.2%

(1) 45.4% 45.0%Note (1) = +

2018

2019118

http://www.kyec.com.tw

20