Slides
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1 Chicony Electronics Nov. 12, 2025 3Q25 Results Conference
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Safe Harbor Notice • Chicony’s statement of its current expectations are forward-looking statements which are subject to significant risks and uncertainties. • Actual results may differ materially from those contained in any forward-looking statements. 2
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Agenda 3 ► 3Q/1Q~3Q25 Financial Results ► 3Q/1Q~3Q25 Operating Results ► Business Outlook ► Commitment to ESG
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4 3Q/1Q~3Q25 Financial Results
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5 3Q25 Consolidated Income Statement GPM & OPM Improved 1.4ppt and 1.7ppt QoQ respectively NT$ Million 3Q 2025 % 2Q 2025 % QoQ % 3Q 2024 % YoY % Net Sales 24,808 100.0 24,494 100.0 1.3 27,721 100.0 -10.5 COGS (20,081) (80.9) (20,151) (82.3) (22,079) (79.6) Gross Profit 4,727 19.1 4,343 17.7 8.8 5,642 20.4 -16.2 Operating Expense (2,369) (9.6) (2,425) (9.9) (2,661) (9.6) Operating Profit 2,358 9.5 1,918 7.8 23.0 2,981 10.8 -20.9 Non-Operating Income1 426 1.7 972 4.0 479 1.7 Profit Before Tax 2,784 11.2 2,889 11.8 -3.6 3,460 12.5 -19.5 Tax (286) (1.2) (526) (2.1) (582) (2.1) Net Income 2,086 8.4 2,153 8.8 -3.1 2,397 8.6 -13.0 After Tax EPS 2.87 2.96 -3.0 3.29 -12.8 Profit Margins GPM 19.1% 17.7% +1.4ppt 20.4% -1.3ppt OPM 9.5% 7.8% +1.7ppt 10.8% -1.3ppt NPM 8.4% 8.8% -0.4ppt 8.6 -0.2ppt
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6 1~3Q25 Consolidated Income Statement Strict operating expense control kept opex ratio at 9.6% NT$ Million 1~3Q 2025 % 1~3Q 2024 % YoY % Net Sales 72,584 100.0 75,241 100.0 -3.5 COGS (59,206) (81.6) (59,891) (79.6) Gross Profit 13,377 18.4 15,350 20.4 -12.8 Operating Expense (6,958) (9.6) (7,532) (10.0) Operating Profit 6,420 8.8 7,818 10.4 -17.9 Non-Operating Income1 1,534 2.1 1,923 2.6 -20.2 Profit Before Tax 7,954 11.0 9,740 12.9 -18.3 Tax (1,292) (1.8) (1,892) (2.5) Net Income 5,831 8.0 6,630 8.8 -12.1 After Tax EPS 8.01 9.11 -12.1 Profit Margins GPM 18.4% 20.4% -2.0ppt OPM 8.8% 10.4% -1.6ppt NPM 8.0% 8.8% -0.8ppt
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7 3Q25 Consolidated Balance Sheet NT$ Million 3Q25 % 2Q25 % 3Q24 % Cash & Equivalent 18,657 18.7 20,581 22.1 21,362 21.1 Accounts Receivable 24,390 24.4 21,530 23.1 25,374 25.1 Inventories 16,662 16.7 14,711 15.8 16,138 16.0 Current Assets 73,122 73.1 68,395 73.3 74,970 74.2 Total Assets 100,020 100.0 93,337 100.0 101,070 100.0 Short Term Debt 9,270 9.3 2,930 3.1 4,773 4.7 Accounts Payable 23,761 23.8 19,386 20.8 24,248 24.0 Current Liabilities 50,561 50.6 48,730 52.2 48,435 47.9 Long Term Debt 159 0.2 167 0.2 81 0.1 Total Liability 51,362 51.4 49,531 53.1 49,118 48.6 Equities 48,657 48.6 43,806 46.9 51,952 51.4 Book Value Per Share 56.72 50.99 60.78 Net Cash 9,228 17,483 16,509 Current ratio (X) 1.45 1.40 1.55 Debt Ratio 51% 53% 49% Healthy Balance Sheet with NT$9.2B Net Cash; Debt Ratio 51%
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8 3Q/1Q~3Q25 Operating Results
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80,663 77,018 78,156 87,260 92,552 95,082 107,474 115,748 98,323 101,478 72,584 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1~3Q25 (NT$ mn) Continue Delivering Solid Revenue Growth 9 Secure resources for global top tier customers, with a balanced and diversified product portfolio +3% CAGR *Organic Growth
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►GPM/OPM recovered to 19.1%/9.5% in 3Q25, leading to 9% and 23% QoQ growth in gross profit and operating profit ► 3Q25 EPS was NT$2.87. 1~3Q25 EPS reached NT$8.01 1~3Q25 Summary 10
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11 Business Outlook
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2026 Outlook 12 ► 2026 Growth Drivers ‒ Windows 11 replacement cycle and higher penetration rate of AI PC expected to benefit keyboard, camera module and power adaptor businesses ‒ NB camera module ASP increase driven by spec upgrades cycle ‒ Rising penetration rate of LED backlight NB Keyboard ‒ Expanding into more applications for AI image product ‒ Higher exposure of high power, server power and telecom power ‒ More than NT$6B order on hand for Smart Building/Factory Solution
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13 Fueled by Windows 11 Transition, 1~3Q25 PC Shipment Grew 6.9% YoY Despite of sluggish US market impacted by import tariff and macroeconomic uncertainties, demand for Windows 11 PC is likely to push well into 2026 PC Market Annual Growth Source: IDC, October 2025 WW PC Growth Rate YoY 2024 1~3Q25 1% 6.9%
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Dividend Payout Ratio Increased to 80% since Y2025 14 5.66 5.24 5.92 5.22 8.45 7.80 8.71 10.26 10.35 12.43 4.30 4.25 4.45 3.80 5.90 5.50 6.10 7.50 7.80 10.00 76% 81% 75% 73% 70% 71% 70% 73% 75% 80% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Earnings Per Share Dividend Per Share Dividend Payout %
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15 Commitment to ESG Realize Sustainable Growth in the Tech Space
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► Water Conservation Total water withdrawal intensity decreased from 0.0257 in 2021 to 0.0216 in 2024, down by 16% ► Diversified and Equal Opportunities In 2024, the percentage of our worldwide female employees was 56.63% In 2024, the percentage of female managerial personnel was 16.23% Actively Facilitate ESG Development 16 Our Sustainability Targets & ESG Results ► Science-Based Targets by 2030 Officially approved by SBTi in September 2022 Scope 1+2 emission target: 56.8% reduction Greenhouse gas emission intensity decreased from 1.48 in 2020 to 0.70 in 2024, down by 52.7%, well ahead of target Scope 3 emission target: 44.2% reduction Greenhouse gas emission intensity decreased 11.2% from 2020 to 2024 ► Join RE100 We promised to use 100% renewable electricity by 2030 Chicony used 44% renewable energy in 2024 1 ► Corporate Governance TSEC Review for Listed and OTC Companies Ranked among top 6~20% in the 2024 review of corporate governance of listed and OTC companies 1 1 ► Net Zero by 2050 Committed to cutting greenhouse gas emissions to zero by 2050
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17 Thank You! Provide Customer Satisfaction | Ensure Welfare of Employees Create Company Development | Shape Good Human Relations 17