Slides
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Disclaimer • This presentation includes the Company’s assessment of its past, present, and future operating performance based on information available at the time of the briefing. Statements regarding expectations or forecasts constitute forward-looking statements. These statements involve risks and uncertainties that are beyond the Company’s control, and actual results may differ materially from those expressed or implied in such statements. • The Company makes no representation or warranty regarding such forward-looking statements, nor should they be regarded as a complete description of the Company’s future performance, industry conditions, or subsequent developments. Except as required by applicable laws and regulations, the Company undertakes no obligation to update or revise any forward-looking statements due to new information, future events, or other circumstances.
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Agenda 1. 1H 2026 Operational Summary 2. Plant Relocation Progress and Indian Market Growth 3. Industrial Inspection Technology & Application Updates 4. 2H 2026 Operational Outlook 5. Financial Highlights 6. Q&A
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1H 2026 Operating Performance 1H 2026 Operating Performance 1H 2026 Operating Performance 1H 2026 Operating Performance StrongGrowthMomentuminEmergingMarkets • Continued growth in the Indian market drove a rapid increase in revenue from emerging markets. • Make in India for local market growth SustainedBenefitsfromNewProjectsEnteringMassProduction • Multiple new projects have achieved stable mass production and shipment volumes. • Continued ramp-up of new product shipments has become an important driver of the Company’sprofit growth. ContinuedImprovementintheProductMixThroughHigher-ValueProdu cts • Increased the sales contribution of ODM module products, driving product mix optimization. • Increased the proportion of high-margin products, improving overall profitability. 28% 29% 27% 17% 43% 43% 31% 33% 16% 10% 12% 7% 13% 17% 30% 43% 2024 2025 2026 1H 2026 2H(F) FPD Module(ODM) FPD Module(OEM) Open Cell TFT-PD Cell SmoothProgressintheTFTSupplyChainTransition • The existing plant has completed strategic inventory preparation to support customer shipment requirements from 2026 to 2028. • Multiple products from the new plant have completed sample evaluations, with customer validation progressing steadily. Revenue Mix
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Plant Relocation and Growth in the Indian Market 1, Ensuring Supply to Customers During Plant Relocation 2, “Make in India” Initiatives Driving Growth in the Indian Market
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New Plant Qualification & Phased Production Ramp-up INX A2 Ceased Production (Sept. 2026) X Ray Products fab Transfer plan INCX confidential INCX confidential INX New Plant: Production Handoff & Supply Continuity Q4 Q1 Q2 Q3 2025 Q1 Q2 Q3 2026 A2 Safety Stock (Inventory) A2 Pre-build Phase Q3 Q4 2027 Safety Stock Coverage Through 2028 INCX Plant Relocation INCX India outsourcing
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6 6 1 Policy support National active TB screening mandate 2 Tender base CMSS & state tenders scaling to routine procurement 3 Telemedicine driving X-ray equipment pushed to rural community sites Shipment Qty YoY Growth X 1.6 FY2026 (YoY, Est.) Building a durable tender moat through deep partnerships with leading India-based solution providers. India Market Growth for FPD Module
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Structural Demand Curve: Policy + Tender + Telemedicine Convergence /uni5370/uni5EA6/uni5E02/uni5834/uni7684/uni6210/uni2ED1/uni4E0D/uni662F/uni77ED/uni671F/uni6025/uni55AE/uniFF0C2026 Q3-Q4 標案放量與INCX /uni4EE3/uni2F2F/uni5EE0/uni63D0/uni91CF/uni540C/uni6B65/uni5230/uni4F4D/uniFF0C/uni5F62/uni6210/uni4E2D/uni2ED1/uni671F/uni9700/uni6C42/uni66F2/uni7DDA。 6 Demand 25Q1 25Q2 25Q3 25Q4 26Q1 26Q2 26Q3 26Q4 ①NTEP／TB Mukt Bharat Proactive screening & early diagnosis ②CMSS / State Tenders Procurement scaling to routine deployment ③Rural Telemedicine X-ray equipment moves to community sites ④Local Supply Chain Shorter lead times, improved responsiveness ⑤India Tender Ramp-Up CMSS/state tenders scale to bulk delivery India OEM Sourcing Local CDSCO Production Filing Local Material Supplier OEM Mass Production Begins Make in India Production Ramp-Up India's growth is not a short-term rush order —2026 Q3-Q4 tender ramp-up and INCX OEM production scale-up arrive together, forming a mid-to-long-term demand curve. 6 India's DR detector demand growth over the past year is not driven by a single customer, but by the convergence of national TB policy, CMSS/state tenders, rural telemedicine rollout, and local partner delivery capability.
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On the Ground in Odisha: Field Validation of the India Ecosystem Strategy Field photos taken on-site at Aruha / Jaleswar, Odisha (GPS-verified) 1 Partnering deeply with India's leading solution providers to build an integrated ecosystem. An ecosystem play, not point sales. 2 Large-scale system integration capability; a primary contractor for government tenders. Large-scale system integration & tender execution. 3 Strong local distribution and regulatory execution capability, accelerating localization. Strong local distribution & regulatory delivery. 4 Core imaging module + SFO local manufacturing support, helping partners meet government requirements fastest. Core module + local manufacturing for fastest compliance. India's growth is highly scalable —not driven by a single order or one-off project, but built on a tender moat established with local partners cooperation On the Ground in Odisha: Field Validation of the India Ecosystem Strategy
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Industrial AXI Technology & Solutions 1, Development of Industrial FPD 2, System Solutions Support
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High-End Industrial Detector Product Line Non-Destructive Testing (NDT) – High Penetration . For AI server cold plate applications . For Battery Sub-micon/nano scale Maximum 450kV Ultra-High Radiation . Sylvia Pro: 320/450KV for high energy application High Frame-Rate Imaging for Operational Safety 84µm Pixel Pitch & 30FPS High- Speed Acquisition . High resolution / High frame rate High-Contrast Imaging Under Ultra-Short Exposure . High sensitivity, low dose, High frame rate for in-line AXI inspection Chip/PCBA Inspection – High Precision
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Industrial X-ray Business Development • Thriving Market Demand (AI Server Thermal Module & Component, DRAM Module) • Next-generation Advanced Semiconductor Packaging (TGV) • Customer Specific Requests (Packing/Sport)
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1. Larger substrate requirement from <300*300 mm to >510*515 mm~610*610 mm 2. 2026Q4: Customer qualification in progress 1. Tier 1 & Tier 2 customers completed qualification High energy Provides > 4um 3D CT for complex structures Target Market Customer Progress
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MCCP / MCL X-ray Test Performance & Result DRAM Module X-ray
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3.ContinueAcceleratingtheSupplyChainTransition • EnsuresufficientTFTinventorytosecurecustomersupply. • Acceleratevalidationatthenewplanttosupportthetransiti onstably. 4.ContinueExpandingProductionCapacityattheNewPlant • TherelocationofINCXproductionlineisscheduledtobecomplet edbySeptember. • Full-scaleproductionplannedtobegininNovember. • Continueadvancingmedicalregulatorycertificationforthene wplantareatoprepareformassproduction. 1.ContinueOptimizingtheProductMixtoImproveProfitabilit y • Continue increasing the sales contribution of ASP products. • Leverage outsourcing strategies to enhance production flexibility and manufacturing efficiency. 2.DeepenGlobalLocalizationtoStrengthenMarketCompetitive ness • FurtherdeveloplocalmanufacturingcapabilitiesinIndiaandl ocalrepairservicesintheAmericas.. 2H 2026 Outlook 5.ContinueExpandingintoNewApplicationMarkets • Focus on high-end precision inspection applications and activelyexpand into high-growth markets, including semiconductors, PCBA,andAIservers. • Continuedevelopinghigh-value-addedapplicationstocreat ethenextwaveofgrowthmomentumfortheCompany. 14% 12% 13% 14% 26% 32% 72% 62% 55% 2024 2025 2026 New Technology Shipments as a Percentage of Total Shipments Other IGZO Flex
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1. Basic EPS was calculated based on the net profit (loss) after tax attributable to the parent company for the current period / the weighted average number of ordinary shares outstanding 2. As of Jun. 30, 2026, the common stock capital was NT$ 416 million 3. EBITDA = Operating Profit + Depreciation and Amortization 4. All figures are prepared in accordance with the International Financial Reporting Standards (IFRS) Statement of Comprehensive Income Amount : NT$ Thousand 2026Q1~Q2 2025Q1~Q2 YoY % Net Sales 1,548,068 100.0% 1,087,584 100.0% 42.3% Cost of Goods Sold 1,124,288 72.6% 782,439 71.9% 43.7% Gross Profit 423,780 27.4% 305,145 28.1% 38.9% Operating Expenses 240,889 15.6% 231,012 21.2% 4.3% Operating Profit 182,891 11.8% 74,133 6.8% 146.7% Net Non-operating Income 39,866 2.6% 7,450 0.7% 435.1% Profit before Tax 222,757 14.4% 81,583 7.5% 173.0% Net Profit 184,757 11.9% 74,905 6.9% 146.7% Net Profir Attributable to Owners of Company 184,757 11.9% 74,905 6.9% 146.7% Basic EPS(NT$) 4.44 1.80 EBITDA 218,498 112,747
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Statement of Comprehensive Income Amount : NT$ Thousand QoQ % YoY % Net Sales 757,027 100.0% 791,041 100.0% -4.3% 550,817 100.0% 37.4% Cost of Goods Sold 540,982 71.5% 583,306 73.7% -7.3% 391,119 71.0% 38.3% Gross Profit 216,045 28.5% 207,735 26.3% 4.0% 159,698 29.0% 35.3% Operating Expenses 120,969 16.0% 119,920 15.2% 0.9% 111,241 20.2% 8.7% Operating Profit 95,076 12.6% 87,815 11.1% 8.3% 48,457 8.8% 96.2% Net Non-operating Income 15,032 2.0% 24,834 3.1% -39.5% (21,559) -3.9% -169.7% Profit before Tax 110,108 14.5% 112,649 14.2% -2.3% 26,898 4.9% 309.4% Net Profit 96,745 12.8% 88,012 11.1% 9.9% 32,043 5.8% 201.9% Net Profir Attributable to Owners of Company 96,745 12.8% 88,012 11.1% 9.9% 32,043 5.8% 201.9% Basic EPS(NT$) 2.33 2.12 0.77 EBITDA 112,932 105,566 68,040 2026Q2 2026Q1 2025Q2 1. Basic EPS was calculated based on the net profit (loss) after tax attributable to the parent company for the current period / the weighted average number of ordinary shares outstanding 2. As of Jun. 30, 2026, the common stock capital was about NT$416 million 3. EBITDA = Operating Profit + Depreciation and Amortization 4. All figures are prepared in accordance with the International Financial Reporting Standards (IFRS)
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1. Short term debt = (short-term bank loan + current portion of long term loan) 2. Net debt to equity = (short term debt + long term debt – cash & short term investment) / total equity Consolidated Balance Sheet Highlights Amount : NT$ Thousand 2026Q2 2026Q1 QoQ % 2025Q2 YoY % Cash and Cash Equivalents 867,461 908,618 -4.53% 844,037 2.78% Inventory 996,124 730,969 36.27% 503,487 97.85% Short Term Debt 60,000 60,000 0.00% 80,000 -25.00% Long Term Debt - - - - - Equity 1,557,899 1,548,283 0.62% 1,359,976 14.55% Total Assets 2,977,754 2,904,489 2.52% 2,398,338 24.16% Current Ratio 209.85% 233.88% 237.59% Net Debt to Equity -51.83% -54.81% -42.74%