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VANGUARD 20 26 Second Quarter Results Investor Conference August 4, 2026
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2Q26 Investor Conference - 2 Agenda • Welcome • 2Q26 Consolidated Financial Results • Remark • Q & A
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Disclaimer This presentation material contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. 2Q26 Investor Conference - 3
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2Q26 Result Highlights Amount : NT$ Million Net Revenue 14,245 12,532 11,699 Net Income Attributable to Shareholders of the Parent 2,975 2,246 2,043 EPS (NT$) 1.56 1.18 1.10 Cash and Financial Instruments 44,751 46,537 60,903 Equity Attributable to Shareholders of the Parent 62,976 68,416 57,941 713 642 627Total Wafers Shipped (Kpcs) 2Q26 Amount 2Q25 Amount 1Q26 Amount 2Q26 Investor Conference - 4
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Statements of Comprehensive Income 2Q26 Investor Conference - 5 Amount: NT$Million QoQ YoY Selected Items from Statements of Comprehensive Income Amount % Amount % Amount % % % Net Revenue 14,245 100.0 12,532 100.0 11,699 100.0 13.7 21.8 Cost of Revenue (9,640) (67.7) (8,861) (70.7) (8,419) (72.0) 8.8 14.5 Gross Profit 4,604 32.3 3,671 29.3 3,280 28.0 25.4 40.4 Operating Expenses (1,704) (12.0) (1,584) (12.6) (1,384) (11.8) 7.5 23.1 Operating Income 2,901 20.4 2,087 16.7 1,897 16.2 39.0 53.0 Net Non-operating Income 412 2.9 350 2.8 485 4.1 17.8 (15.0) Income before Income Tax 3,313 23.3 2,437 19.4 2,382 20.4 36.0 39.1 Net Income 2,894 20.3 2,164 17.3 2,013 17.2 33.7 43.8 Net Income Attributable to: Shareholders of the Parent 2,975 20.9 2,246 17.9 2,043 17.5 32.4 45.6 Non-controlling Interests (81) (0.6) (82) (0.7) (30) (0.3) (1.5) 166.8 2,894 20.3 2,164 17.3 2,013 17.2 Diluted EPS (NT$) 1.56 1.18 1.10 32.2 41.8 1Q26 2Q252Q26
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Balance Sheets & Key Indices Amount : NT$ Million Amount % Amount % Amount % Total Assets 219,187 100.0 219,206 100.0 157,093 100.0 Cash & Financial Instruments 44,751 20.4 46,537 21.2 60,903 38.8 Accounts Receivable 8,080 3.7 7,203 3.3 6,421 4.1 Inventories 7,848 3.6 7,505 3.4 6,409 4.1 Total Current Assets 67,501 30.8 71,174 32.5 79,102 50.4 Property, Plant and Equipment 132,305 60.4 128,157 58.5 60,266 38.4 Short-term Loans 730 0.3 2,211 1.0 3,242 2.1 Notes and Accounts Payable 2,014 0.9 1,865 0.9 1,303 0.8 Cash Dividends Payable 8,403 3.8 0 0.0 8,400 5.3 Accrued Liabilities and Others 39,004 17.8 43,814 20.0 24,879 15.8 Total Current Liabilities 50,152 22.9 47,890 21.8 37,824 24.1 Total Non-current Liabilities 76,124 34.7 76,601 34.9 55,247 35.2 Equity Attributable to Shareholders of the Parent 62,976 28.7 68,416 31.2 57,941 36.9 Non - controlling interests 29,936 13.7 26,298 12.0 6,082 3.9 Total Equity 92,911 42.4 94,714 43.2 64,022 40.8 Key Indices A/R Turnover Days 51 51 49 Inventory Turnover Days 73 74 69 Debt Ratio 58% 57% 59% Current Ratio 135% 149% 209% Net Working Capital 17,350 23,284 41,279 Selected Items from Balance Sheets Jun. 30, 2026 Mar. 31, 2026 Jun. 30, 2025 2Q26 Investor Conference - 6
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Cash Flows 2Q26 Investor Conference - 7 Amount : NT$ Million 2Q26 1Q26 2Q25 Selected Items from Cash Flows Amount Amount Amount Cash - Beginning of Period 44,353 39,635 59,787 - Income before Income Tax 3,313 2,437 2,382 - Depreciation & Amort. 2,227 2,192 2,086 - Changes of Notes and Accounts Receivable (1,150) (824) 232 - Changes of Inventories (343) (568) (274) - Contract liabilities from LTA 1,710 5,974 1,156 - Income Taxes Paid (558) 133 (511) - Changes of Notes and Accounts Payable/ Others 560 2,088 (3,100) From Operation 5,759 11,432 1,971 - (Increase) Decrease in Financial Assets (825) 327 613 - Acquisitions of PP&E and Intangible Assets (13,272) (25,280) (8,673) - Received Government Subsidy - PP&E 2,859 0 0 - Refundable Deposit and Others 34 6 26 From Investment (11,204) (24,947) (8,034) - (Decrease) Increase in Short-term Loans (1,480) (3,308) 3,242 - (Decrease) Increase in Long-term Loans (500) 3,500 0 - Issuance of Bonds 0 10,964 0 - Changes in Non-Controlling Interests 3,815 6,143 1,657 - Others (157) 806 (152) From Financing 1,678 18,105 4,747 Net (Decrease) Increase in Cash (3,767) 4,589 (1,315) Effect of Exchange Rate Changes (80) 128 (693) Cash - End of Period 40,506 44,353 57,779
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Remarks 2Q26 Investor Conference - 8
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Net Revenue & Gross Margin 2Q26 Investor Conference - 9
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Revenue Breakdown by Technology 2Q26 Investor Conference - 10
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Revenue Breakdown by Platforms 2Q26 Investor Conference - 11
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2Q26 Result Summary & Guidance Comparison 2Q26 Result Guidance Wafer Shipment +11% QoQ to increase by 11% to 13% QoQ Blended ASP +3% QoQ to increase by 2% to 4% QoQ Gross Profit Margin 32.3% to be between 31% and 33% 2Q26 Investor Conference - 12
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3Q26 Guidance 2Q26 Investor Conference - 13 Wafer shipment to increase by 1% to 3% QoQ; Blended ASP to increase by 2% to 4% QoQ; Based on the exchange rate assumption of 1 USD to 32.0 NTD: Gross profit margin to be between 32.5% and 34.5%.
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Q & A 2Q26 Investor Conference - 14
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Http://www.vis.com.tw 2Q26 Investor Conference - 15