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Drive for better vision November 2025 INVESTOR PRESENTATION : HIMX
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Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full- year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company's SEC filings, including those risks identified in the section entitled "Risk Factors" in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended. Images of devices depicted in this presentation may be representative of those in which Himax has specification, or for reference-only and may not be associated with actual bill-of-material or design-win in the displayed image. Any association of such, without a confirmed disclosure of such by the Company or the Company's customer are coincidental. Himax is under strict customer disclosure guidelines on the release of such information. Forward Looking Statements 1
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Global Display and Imaging IC Design House Listed on NASDAQ NASDAQ: HIMX since 2006 Leading IC Provider Global top 10 fabless IC design company in 2021* US $1.2 Billion 2022 sales avg. 60 million ICs shipment per month 40% Global Market Share Driver IC for automotive displays * Global top 10 IC design company revenue, 2021. Source: TrendForce, March 2022 2
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Himax – Driver for Better Future AIoT - World leading WiseEye ultralow power AI sensing for endpoint AI - Total solution: AI processor + Always-on image sensor + AI algorithms - WiseEye PalmVein: ultralow power contactless biometric authentication - Plug-n-play WiseEye Module with low-code/no-code AI - WiseEye solution features in Dell’s laptops and DESMAN’s smart door lock - Ecosystem: Google, Microsoft, NVIDIA, Arm, EDGE AI FOUNDATION, and many others Automotive - Large-sized, high-resolution, curved, and touch feature for next-gen LCD and OLED displays - Automotive local dimming Tcon for high-contrast display enablement - Head-up display (AR-HUD) - WiseEye and 3D sensing for biometric sensing Optical product line-up/Metaverse - WLO (Diffractive optics, Waveguides, Lens and LPO/CPO) - Front-lit LCoS microdisplay - 3D sensing 3
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Mar 2006 Himax IPOs on Nasdaq. Raised $147M with Morgan Stanley October 2004 Formed Himax Display to focus on LCoS microdisplay technology Jun 2001 Himax Taiwan founded by B.S. Wu Sep 2015 AR pilot production shipment made to a major US customer Jul 2013 Signed investment agreement with Google Founder B.S. Wu pioneers flat panel technologies at Chimei Electronics as CTO Chairman Wu establishes Himax to meet DDIC demand for large panels and fast-growing medium & small panels Himax gains market share with design wins with leading technology products companies worldwide Offer industry-leading WiseEye endpoint AI and optical solutions, including CMOS image sensors, LCoS microdisplays, 3D sensing, and WLO. WLO shipments for mainstream applications with North American OEMs, now supporting LPO/CPO optical communication 2015 and Beyond1990s 2000s 2010s 2016 Volume shipment of AR related LCOS and WLO, OLED DDIC, and in-cell TDDI Aug 2016 Started expansion for next generation LCoS & WLO production lines 2017 Qualcomm & Himax jointly announced structured light- based 3D depth sensing solution Corporate Timeline For the last 30 years, we have worked with leading OEMs to develop the most recognized imaging and human interfacing technologies H2 2018 Smartphone TDDI ramped with OEMs Recognized Industry Leader Q2 2020 WiseEye Solution adopted by Google TFLM 2019 Industry- first auto TDDI MP Mar 2021 WiseEye1 AIoT Platform received Microsoft Azure IoT PnP Certification Q1 2022 Auto OLED IC 1Q22 ramp for EV Q1 2022 WiseEye features in Dell’s Laptops Jun 2024 Strategic investment in FOCI for LPO/CPO Collaboration 2020 Tablet TDDI MP Q1 2023 CES debuted WiseEye2 AI Processor Q2 2022 OLED Tablet MP Q3 2023 World’s first LTDI mass production Jun 2013 Himax completed taking out financing of Chimei H1 2022 Showcase industry- leading auto local dimming Tcon Q2 2024 SID 2024 exhibited 250K nits CS FL LCoS Q1 2024 CES debut touch for OLED auto & NB; In- cell TDDI for LCD NB Apr 2024 Debuted WiseEye PalmVein 4 2001 ~ 2006 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q4 2024 Small-scale 1st Gen CPO production Q1 2025 CES 2025 unveiled 400K nits ultra- luminous FL LCoS Q4 2024 WiseEye PalmVein MP in access control Q1 2025 Introduced Physical AI Agent w/ Seeed Studio leverage WiseEye
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Investment Highlights Leading imaging and human interfacing technology innovator ◼ Global display driver player with a wide range of display image processing technologies for panels of all sizes ◼ Human interfacing total-solution provider specialized in immersive, touchless and 3D perception related applications ◼ Thousands of patents for Himax’s IP and designs Diversified base of customers and revenues ◼ DDIC market share leader ◼ Penetration throughout all display market segments and with a leading position in several segments, including automotive ◼ Diversified revenues from traditional large and small/medium DDICs to TDDI, Timing controller, OLED, e-paper, WLO, 3D sensing, CIS, WiseEye Ultralow power AI sensing, LCOS microdisplays, and more ◼ Top-tier partnerships with major U.S. and Asian AP platform providers, device makers, and the world’s mega tech names ◼ Expect non-driver product lines to proliferate application / customer coverage, improve corporate revenue and profit margin Operational and public market performances ◼ 2022 record $1.2B in revenue. Ranked Global Top 10 Fabless IC Design Company in 2021 ◼ Long-term profitability potential with no fund raising since IPO ◼ Focus on delivering P&L improvement by executing on the technologies Himax alreadydeveloped for both driver IC and non-driver IC areas ◼ Committed to dividend policy to reward shareholders for their ongoing support while continuing technology investment Innovative new products capturing growth markets ◼ TDDI and OLED technologies fuel growth for core display driver ICs business ◼ Comprehensive automotive solutions for LCD and OLED displays, including DDIC, TDDI, LTDI, local dimming Tcon, and OLED touch ◼ WiseEye, AoS CIS, WLO, 3D sensing, and LCoS microdisplay drive leadership in future products across AIoT, smart home/office, automotive, AR/VR, LPO/CPO in HPC, medical devices, robotics, LiDAR, and AR-HUD applications Visionary management team 5
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Insider 24.4% Institutional 29.7% Mutual Fund 5.1% Hedge Fund 8.7% Retail 32.1% Shareholder Type Date: As of September 30, 2025 Mizuho Securities Asia Ltd. Kevin Wang Nomura Securities Donnie Teng Baird Equity Research Tristan Gerra Morgan Stanley Tiffany Yeh Analysts Source: https://www.nasdaq.com/market-activity/stocks/himx/advanced-charting 12 Month Trading Chart Himax on NASDAQ * Insider ownership includes executives and board members Nov.5, 2025Fiscal Year December 31 Last-Traded Price (11/5/2025) $9.08 Diluted Weighted Ave. Out. ADS 174.4M Equivalent ADS Out 174.5M Market Capitalization (11/5/2025) $1.58B Average Volume 1.24M Insider Ownership* 24.4% 6
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History of Dividend and Share Buyback $50 $33 $50 $13 $5 $12 $15 2007 2008 2010 2011 2024 Unutilized Portion Executed Share Buyback Executed Share Buybacks from 2007-2025 (US$M) HAS BEEN RETURNED TO SHAREHOLDERS INCLUDING DIVIDENDS AND SHARE BUYBACKS SINCE IPO NANA Himax Dividend and Policy ◼ Distributed a total of $923 million of cash dividend since IPO ◼ Dividends referenced primarily on prior year’s profitability and cash demand for future ◼ Typically pays out annual cash dividend at approximately the middle of the current calendar year, e.g., 2025 dividend payouts in July was for fiscal year 2024 ◼ Himax will continue to focus on maintaining a healthy balance sheet while driving sustainable long-term growth to deliver value for our shareholders through high dividends and share repurchases ◼ Initiated five share buyback programs totaling $178 million since 2007. The most recent announced share repurchase totaling $20 million on 2024/12/4 ◼ Repurchased a total of 47.3 million ADSs as of 3Q2025 at average purchase price per ADS: $3.20 Note: On 11/30/2018 & 12/3/2021 Himax chairman Dr. Biing-Seng Wu announced share purchase plans to purchase up to approximately $5 million and $10 million respectively of the Company's ADSs in the open market Himax Share Buyback 0.20 0.35 0.30 0.25 0.12 0.06 0.25 0.27 0.30 0.13 0.24 0.10 0.00 0.00 0.27 1.25 0.48 0.29 0.37 0.57 0.40 0.21 0.19 0.06 0.30 0.36 0.39 0.15 0.30 0.16 0.05 (0.08) 0.27 2.50 1.36 0.29 0.46 4.0 7.0 10.4 9.1 5.9 3.4 4.4 4.1 4.8 1.4 2.9 1.3 na na 2.1 15.0 7.3 5.1 4.9Yield (%) EPS Dividend per unit $1,074 MILLION 7 $40 $67 $56 $44 $21 $11 $42 $46 $51 $22 $41 $17 $47 $218 $84 $51 $64.5 2007200820092010201120122013201420152016201720182019202020212022202320242025 51.3%61.4%75.0% 119.0% 63.2% 100.0%83.3%75.0%77.5%89.0%81.4%61.7% 100.0% 50.0% 35.4% 100.0% 81.1% Dividend Payout Ratio (%) Total Payout (US$M)
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Q 3 2025 Summary and Q 4 2025 Guidance 3Q2025 2Q2025 3Q2024 QoQ YoY Revenues $199.2M $214.8M $222.4M -7.3% -10.5% Gross Margin (%) 30.2% 31.2% 30.0% -1.0% +0.2% Profit $1.1M $16.5M $13.0M -93.5% -91.8% Earnings per ADS $0.006 $0.095 $0.074 -93.5% -91.8% 2024 2023 YoY Revenues $906.8M $945.4M -4.1% Gross Margin (%) 30.5% 27.9% +2.6% Profit $79.8M $50.6M +57.6% Earnings per ADS $0.456 $0.290 +57.4% 4Q2025 Guidance Revenues Flat sequentially Gross Margin (%) Flat to slightly up, depending on the final product mix Profit 2.0 cents to 4.0 cents per diluted ADS 8
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Beijing, Shanghai, Suzhou Fuzhou, Ninbo, Foshan, Wuhan, Shenzhen, Hefei, Xiamen, Chongqing, Xian, Chengdu, Fuqing, Nanjing Sales, Design, Technical Support Irvine, CA Design San Jose, CA Sales Minneapolis, MN Design, Manufacturing Operations Sales/Marketing Detroit, MI Technical Support Tainan, Taipei, and Hsinchu in Taiwan Headquarters Design Manufacturing Operations Sales/Marketing Technical Support Investor Relations Asan, Bundang Sales Design Technical Support Tokyo Sales Technical Support ▪ Fabless semiconductor company with world leading visual imaging processing technologies ▪ Global market leader in TFT-LCD display driver and timing controller ICs ▪ 300+ customers across Taiwan, China, Japan, Korea, U.S. and Europe ▪ 2,586 patents granted and 371 patents pending approval worldwide as of September 30, 2025 ▪ NASDAQ-listed since March 2006 (HIMX) ▪ Around 2,200 employees worldwide; more than 90% are engineers ▪ Headquartered in Tainan, Taiwan with 8 R&D centers in Taiwan, China, Korea, and U.S., out of a total of 26 offices across Taiwan, China, Japan, Korea, Germany and U.S. Himax’s Global Reach HEADQUARTERS Tainan, Taiwan Forward Looking Statements A Global Semiconductor Company Munich Sales/Marketing 9
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Himax T echnologies, Inc. ◼ TFT-LCD drivers, EPD drivers, and OLED drivers ◼ Tcon and bridge IC ◼ Touch controllers (LCD / OLED) ◼ Pure in-cell touch TDDI ◼ WiseEye AI processors ◼ WiseEye modules ◼ 3D decoder processors ◼ ASIC service and IP licensing ◼ Power management ICs, P-gamma OP , level shifter and LED driver ◼ Wafer level optics ◼ CPO ◼ In-house WLO fab ◼ In-house color filter fab for LCoS ◼ LCoS modules for head-mounted display, head-up display and pico-projector applications ◼ Phase modulation for communication, holographic displays and AR-HUD ◼ Light guide ◼ In-house LC and module assembly facilities ◼ CMOS image sensors ◼ Ultralow power always-on (AoS) CMOS image sensors Himax T echnologies, L TD. Himax Display , Inc. Himax Imaging, L TD. Corporate Structure 10
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Our T echnologies Are Used by Consumer Brands Worldwide https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTabKNmci1qMtd9a99ttrYHqVy04D6NVDm0M18JLIdlYtm8cCcZSgBFM8zk
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We are a leader in display driver ICs used to enable large, small and medium-sized flat panel displays in TFT LCD and OLED Displays Who uses Himax DDICs In what devices can you find Himax DDIC technologies MARKETS WE SERVE Smartphones, tablets, automotive, monitors, notebooks, TVs, gaming, education, industrial, healthcare plus 100’s more applications that use all types of flat panel displays, covering TFT LCD and OLED. Display Driver IC (DDIC) 12
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Samsung 26% Novatek 22% LX Semicon 10% Raydium 7% Himax 7% ITH Corporation 5% Sitronix 4% Fitipower 4% Focal 2% Others 13% (24%) (22%) (12%) 2Q25 Driver Market Share (1Q25 Market Share %, Revenue) ◼ Large display driver IC business positions toward high end 8K/4K TV, gaming monitor and low power NB ◼ TDDI takes major shipment than DDIC in smartphone and tablet segments ◼ Share leader in automotive driver IC market. Collaborate closely with panel makers, Tier 1s, as well as car brands across continents ◼ Automotive OLED commenced MP in Q1 2022. Started Tablet OLED MP from Q2 2022 for a leading customer ◼ Offer comprehensive automotive OLED portfolio, comprising DDIC, Tcon, and on-cell touch controller, forming strategic partnerships with major leading panel makers in Korea, China and Japan ◼ Touch controller IC is engineered with industry-leading touch signal-to- noise ratio > 45 dB, ideal solution to meet the needs of flexible OLED panels. Also support glove-wearing & wet finger operations We provide a complete solution of image processing technologies and leverage our expertise in TV, monitor, NB, mobile devices, automotive and other mass-market technology releases Source: Omdia and company estimates (This covers TFT-LCD and OLED DDICs) Our DDIC Market Share (7%) (7%) 13
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Who uses Himax T ouch and TDDI T echnologies In what devices can you find Himax TDDI technologies LTPS FHD+ and HD+ Smartphone Tablet PC, NB & Smart Speaker A-Si HD+ Smartphone 8” and Large-sized Tablets, In-cell TDDI TDDI T echnologies Auto CID & Infotainment We provide technologies for touch sensor displays including in-cell touch and the fast-growing Touch and Display Driver Integration (TDDI) single-chips MARKETS WE SERVE Beginning with smartphones, expanded to tablets, automotive, NB and many other consumer electronic devices ◼ Smartphone: LCD TDDI widely adopted for entry & mid-range smartphones. High TDDI penetration and rapidly replace traditional DDIC ◼ Tablet: New in-cell TDDI refreshed tablet life cycle starting 1Q20. Himax, the primary supplier for non-iOS tablet tier-1 customers ◼ Automotive: Major supplier to leading panel customers, Tier-1s, and car brands. Automotive TDDI cumulative shipment > 100M as of today. Commenced world 1st LTDI MP in 3Q23. Automotive business remains the largest sales contributor ◼ Notebook: Expended into mid-sized displays with in-cell TDDI in 4Q23 Smartphone Tablet Automotive Notebook Automotive 14
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DDIC LCoS AI WLO 3D DDIC AI 3D AI DDIC DDIC LCoS DDIC TDDI TDDI DDIC TDDI DDIC TDDI DDIC TDDI DDIC TCON TCON TCON TCON TCON TCON LTDI TCON LTDI WLO WLO TCON TCON WiseEyeTM Local Dimming + Bridge Cascade Driver In-cell + Cascade In-cell + Cascade Microdisplay / Phase modulation 3D Sensing Diffraction, Diffusion, Light Guide Autonomous Driving Side e-Mirror Cluster e-Mirror RSE AR HUD Dash Cam Control Panels / Monitors CID Pillar-to-Pillar Display Driver State Monitor AI 3D WLO LCoS Leadership in Automotive Displays We offer comprehensive automotive display solutions covering DDIC, TDDI , TCON, LTDI and OLED. Moreover, we offer leading-edge non-driver solutions, covering LCoS, WLO, CIS, 3D sensing and WiseEye ultralow power AI sensing for advanced automotive applications TDDI TDDI TDDI TDDI TDDI TCON OLED OLED Tcon + DDIC OLED OLED TOUCH OLED Touch Controller TCON DDIC TOUCH TOUCH TOUCH TOUCH Car owner recognition 15
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WiseEye Ultralow Power AI Sensing Himax WiseEye ultralow power AI sensing technology brings AI to endpoint devices with extremely low power. We participate tier-1 endpoint-to-cloud ecosystems for broad market access. Himax CMOS image sensors include RGB, near infrared (NIR) and ultralow power Always-on Sensor (AoS) MARKETS WE SERVE WiseEye ultralow power AI sensing: ◼ NB, doorbell, door lock, tablet, battery security camera, smart home/office, retail, agriculture, palm vein authentication and many others CIS: ◼ Ultralow power AoS: IoT / human or object detection ◼ NIR: 3D sensing and WiseEye Ultralow power AI sensing ◼ RGB: Notebook, multimedia and smart home camera In what applications can you find Himax WiseEye ultralow power AI sensing technologies https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTabKNmci1qMtd9a99ttrYHqVy04D6NVDm0M18JLIdlYtm8cCcZSgBFM8zk Lite for Microcontroller WiseEye AI Ecosystem Partners 16
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In what applications can you find Himax WLO and 3D sensing Industry-leading WLO design know-how and mass production expertise in advanced optical components (lenses, DOEs, MLAs and CPO) Himax 3D sensing module solutions with advanced depth-perception features and key components MARKETS WE SERVE Wafer Level Optics (WLO): ◼ DOE (Structured light, ToF), diffuser, lens, and others ◼ Waveguide, Automotive in-cabin 3D, VR gesture control, among others ◼ CPO 3D sensing: ◼ E-payment, 3D naked eye laptop, smart door lock, automotive, access control, medical inspection, service robotics, industrial robotics, eye tracking and gesture controls for AR/MR/XR/VR WLO and 3D Sensing 3D ecosystem partners 17
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Who uses Himax LCoS micro display technologies Front-lit LCoS Technology • Compact form factor • Ultra luminous brightness Leading power efficiency • Simpler optical engine design and lower cost https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTabKNmci1qMtd9a99ttrYHqVy04D6NVDm0M18JLIdlYtm8cCcZSgBFM8zk We are the leader and long-term innovator of Liquid Crystal on Silicon (LCoS) displays and one of the companies capable of high-volume production runs of LCoS displays for the launch of mass-market devices MARKETS WE SERVE LCoS and Front-lit LCoS ◼ Industrial, consumer, gaming, sports, pico-projector, AR/VR smart glasses, automotive head-up displays and others Phase Modulation and Beam Steering ◼ Holographic display, AR-HUD, WSS, ADAS and LiDAR LCoS Microdisplays https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcSWoQWcCjwru1XG5iWB1kQhaXDOs3up2qNg9QCkskR3niSOqyJSwSwUAbk aR: Assisted Reality AR Glasses AR HUD (LCoS 2.0 Phase Modulation) AR Glasses: Hearing Aid 馬克扎克伯格說虛擬 世界是社交體驗的 “聖杯” Mark Zuckerberg says metaverse is 'Holy Grail' of social experience Audio-to-Text 馬克扎克伯格說虛擬 世界是社交體驗的 “聖杯” AR Gaming 18
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AR Glasses LCoS LCoS WLO AI LCoS WLO WLO MR Goggle + Eyeball Tracking AR HUD XR Headset + Gesture Control LCoS WLO AI3D VR HMD + Gesture Control WLOAI 3D WLOAI 3D Opportunities in Metaverse LCoS AIWLO 3D WiseEye Ultralow Power AI SensingMicrodisplay / Phase modulation 3D SensingDiffraction, Diffusion, Light Guide Himax owns exceptional Optics, 3D sensing, WLO and WiseEye AI solutions with mass production records. Diverse non-driver solutions fulfill different AR/MR/XR/VR metaverse related application needs in AR Displaying & Human Interface Sensing WLO3D Digital Twins / 3D Object Reconstruction 3D LCoS WLO 3D Sensing (SL/TOF) WiseEye AI Sensing • Micro Display • Pico Projector • Holographic Display • Diffuser • DOE • Lens • MLA • Waveguide • Gesture • Eye Tracking • Gesture • Object Detection • Voice Command • Face Recognition • Eye Tracking LCoS AI 3D WLO • 3D Reconstruction 19 3D Naked-Eye + Eye Tracking
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Market Opportunities by Products/ Applications, and Himax Strategies
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TDDI technology enables OEMs to manufacture thinner, better and less expensive phones Market Trends ◼ Expect higher TDDI penetration in automotive, tablet and expanding into notebook moving forward ◼ TDDI fits in consumer demand for slimmer devices ◼ Higher penetration of TDDI is refreshing smartphone /tablet/ automotive life cycle, creating higher content value and margin ◼ Panel features, size and quantity inside the car are increasing, driving higher demand of DDIC, TDDI, Tcon and touch for automotive 806 777 774 700 670 632 2023 2024 2025 2026 2027 2028 Unit Demand in Millions GROWTH OPPORTUNITY 1 TDDI Global Smartphone TDDI Demand Forecast 2023-2028 (Omdia, 2025) Himax Strategies and Market Position TDDI pure in-cell solution ◼ TDDI has been biggest growth driver since 2020 across smartphone, tablet, and auto ◼ Primary supplier for non-iOS tablet TDDI. Mass production started 1Q20. Himax tablet TDDI features active stylus for accurate handwriting and painting in premium tablet ◼ Himax dominates automotive TDDI technology TDDI with hundreds of secured design wins. Shipped cumulative > 100 million unit of automotive TDDI, far surpassing peers ◼ 1st in the industry to initiate LTDI (Large and Display Driver Integration) MP in 3Q23 for Geely Auto’s NEVs. Adoption increasing by global customers ◼ Himax’s integrated solution of TDDI / LTDI and local dimming Tcon has become standard development platform for increasing number of customers ◼ Comprehensive industry-leading automotive solutions for LCD and OLED displays, including DDIC, TDDI, LTDI, local dimming Tcon, and OLED touch, signifying increased content value on a per panel basis 21
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Himax Strategies and Market Position ◼ Leading market share of large DDIC ◼ Focus on high-end, high value-added products and strategies to support key customers ◼ Increased shipments of 4K solutions. Collaborate with major panel makers on the development of next generation 8K TVs. 8K TV is a strategic area for Himax as it represents a high barrier of entry for late comers and much more IC and Tcon used per device ◼ Leader in higher frame rate and low power solution in high end gaming monitor and NB market ◼ Continue to commit on OLED development. Our automotive OLED driver and Tcon commenced production in China flagship EV in 1Q22. Tablet OLED solution, Tcon and driver, entered MP starting 2Q22 with Chinese panel makers ◼ Not only DDIC, Himax also provides comprehensive TCON for a total solution to meet demands of high resolution, high frame rate and low power features in numerous displays such as 8K/4K TV, gaming monitor, low power NB, automotive (LCD and OLED) and OLED tablet ◼ Expand automotive and notebook/tablet OLED portfolio to include a touch controller IC along with existing DDIC and Tcon, providing a comprehensive OLED solution. Auto OLED on-cell touch IC commenced production in 3Q24 Market Trends ◼ Chinese panel makers, benefited from Korean fab restructuring and increased their global market share, will procure more volume from Taiwan DDIC supply chain ◼ Leading Chinese panel makers’ shipments continue to dominate the market. China ranked the No. 1 position with its total TFT-LCD capacity ◼ 4K TV penetration accelerates; 8K TV started to emerge ◼ Demands for more sophisticated and higher performing displays are rising in the automotive segment ◼ Smartphone OLED display adoption increased. The emergence of OLED DDIC for mid and large-sized OLED displays is evolving following the advancements in smartphone OLED GROWTH OPPORTUNITY 2 Display Driver IC (DDIC) 22
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Market Trends ◼ Smart AI devices demand boosts, but very few companies can provide ultralow power solutions in 24/7 content-aware AI ◼ Increasing adoption of Himax's WiseEye ultralow power AI sensing solution in endpoint AIoT applications, including surveillance, smart meter, smart home/office/agriculture, industrial, healthcare and retail, etc. Himax Strategies and Market Position Himax Ultralow Power CMOS Image Sensor (CIS): ◼ Our CIS includes near infrared (NIR) sensors for 3D sensing and ultralow power computer vision Always-on-Sensor (AoS). Good for multimedia and smart home applications, next-gen NB and AR/VR for mobile devices ◼ Support QVGA/VGA AoS and industrial first 2-in-1 RGB/NIR/AI sensor ◼ Reference design win for Google TensorFlow Lite Himax WiseEye Ultralow Power AI Sensing: ◼ WiseEye total solution: Composed of an industry-leading AoS, AI processor, and tinyML AI algorithm. Features ultralow power and context-aware AI, fit for various endpoint AI applications ◼ Support Dell NB production from 1Q22, DESMAN smart door lock in 3Q23 and other AIoT applications (video conference device, smart agriculture/home, medical). Acer also adopt WiseEye in its latest AI PC ◼ Reinforce go-to-market strategy by active collaboration with industry-leading AI ecosystem partners and customers, including Google TFLu, Microsoft Azure, Arm, EDGE AI FOUNDATION, Edge Impulse, Seeed Studio, among others ◼ WiseEye Module offers highly integrated, plug-and-play module board with Low-Code/No-Code AI ◼ WiseEye AI facilitates high-precision detection with features such as face mesh, facial landmark, hand gesture, and human pose and skeleton, expanding the intuitive, user-friendly interactive applications, all achieved with industry-leading ultralow power consumption ◼ WiseEye PalmVein features industry-leading ultralow power consumption and exceptional accuracy for contactless biometric palm vein authentication Ecosystem Partners Ultralow power AI sensing LG Innotek http://www.liteon.com/images/liteon_logo.gif https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTzJ236p0BA31zR_e3SZJWEEPXDX8qU--hxgtnIlv2JbHqG9dps0GqCvzhM https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQ08Pt8fed_dsCWq1Piqwz-mTp-QtAU4fQZBSeSuzZ6lS4wnz47yZKj4Sw https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTabKNmci1qMtd9a99ttrYHqVy04D6NVDm0M18JLIdlYtm8cCcZSgBFM8zk Lite for Microcontroller Who uses Himax CIS GROWTH OPPORTUNITY 3 WiseEye Ultralow Power AI Sensing 23
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Market Trends ◼ Wafer-Level Optics (WLO) remains one of the key technologies for structured light, Time-of- Flight (ToF) related 3D sensing, offering high optical efficiency, small form factors, and compliance with eye safety regulations for AR/VR, e-payment and access control applications ◼ Increasing 3D applications adopt our 3D sensing technologies for state-of-art Human Interface Sensing, such as gesture control, eye tracking and 3D reconstruction ◼ Emerging HPC/AGI systems are gradually incorporating optical communication to boost data transmission, enhance bandwidth, and reduce power consumption, leading to advanced MCM packages increasingly integrate CPO technology Himax Strategies and Market Position ◼ Himax has accumulated significant WLO design and mass production experience through collaborations with major global tech companies, offering a diverse range of optical components such as lenses, DOEs, and MLAs. Key products include AR glasses for renowned manufacturers, facial recognition solutions for handheld devices, and spatial computation and gesture control systems for VR goggles ◼ Collaborating with world’s leading AI semiconductor and foundry partner in CPO, incorporating FOCI's proprietary CPO connector technology with Himax's nano-scale WLO to create an industry- leading optical transmission solution for AI and HPC. Small-scale production of the first-gen silicon photonics packaging solution underway ◼ Offer market leading 3D decoder ASIC to customers who wish to design their own structured light 3D sensing solution. Good achievement in e-payment engagement in China. Welcomed by 3D industry in areas where privacy is of importance. Expand 3D processor offerings to cover Time of Flight (ToF). ToF is more effective for long-range 3D perception while structured light excels in high precision 3D detection for shorter distance Mini package Ultra-small size & package Wafer Level Process Integrated optics High accuracy Scalability in production GROWTH OPPORTUNITY 4 WLO 24 Silicon Photonics Packaging Technology XPU Optical fiber
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Market Trends ◼ Many top name multinationals and start-ups are investing heavily to develop the AR ecosystem, including applications, software, operating systems, system electronics and optics ◼ Capabilities in technology know-how and scalable manufacturing are significant barriers of entry to new market entrants and existing technology companies ◼ Himax can provide the integrated services of R&D, joint development and manufacturing expertise Himax Strategies and Market Position ◼ Leader in microdisplays with patent-protected technology, in-house facilities and shipping record ◼ Focus on AR goggle devices and HUD for automotive applications ◼ Customer list for AR goggle device covers many of world’s biggest tech giants ◼ Front-lit LCoS is one of the mainstream technologies for AR goggle devices. Commenced MP with global Tier 1 AR glasses device manufacturers since 2011 ◼ Introduced Phase Modulation technology for LCoS 2.0 microdisplay. Aiming holographic display for AR-HUD, LiDAR for autonomous driving or ADAS, WSS for WDM ◼ LCoS represents a long-term growth opportunity for Himax Proprietary Front-lit LCoS ◼ High brightness up to 350K nits at 200mW LED power ◼ Industry-leading form factor, 0.09 c.c. with super light weight only 0.2 grams ◼ Vivid color with 140% sRGB color gamut ◼ Mass production ready ◼ Strong IP protection AR Glasses AR- HUDIndustrial Helmet Pico Projector GROWTH OPPORTUNITY 5 LCoS Microdisplays 25 LiDAR WSS for Communication
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2025 YTD Financial Review
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$745 $918 $833 $692 $643 $633 $737 $771 $841 $692 $803 $685 $724 $672 $887 $1,547 $1,201 $945 $907 $629 719 975 1,069 1,521 1,156 1,165 1,297 1,337 1,516 1,309 1,464 1,311 1,323 1,192 1,256 1,165 711 689 674 490 -2000 -1500 -1000 -500 0 500 1000 1500 $100 $300 $500 $700 $900 $1,100 $1,300 $1,500 $1,700 $1,900 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 Revenue Units Sold Unit and Revenue History Units sold and revenue (In millions of units and millions of USD) We are one of the leading semiconductor companies in the world 27
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Revenue (US$M) $918 $833 $692 $643 $633 $737 $771 $841 $692 $803 $685 $724 $672 $887 $1,547 $1,201 $945 $907 Global market leader in driver ICs for large and small & medium-sized panels ◼ Large display driver business positions toward high end 8K/4K TV, gaming monitor and low power NB ◼ Leading position in auto display market for both LCD and OLED technologies. Comprehensive offerings including DDIC, TDDI/LTDI, local dimming Tcon and touch controller (OLED). Industry 1st to achieve auto TDDI MP . Anticipate auto sales remain Himax’s major sales contributor ◼ Market leader in tablet TDDI with mass production from 1Q20. Well dominate non-iOS tablet as primary supplier to customers Innovative non-driver technologies in advanced Tcon, WiseEye AI, Wafer Level Optics, 3D sensing, CIS and LCoS microdisplays ◼ Outstanding performance in high value added Tcon including 8K/4K TV, gaming monitor, low power NB, automotive, ePaper & OLED ◼ WiseEye AI: Collaborates with global endpoint-AI solution partners by actively engaging endpoint-to-cloud platforms, ecosystem partners and end-point AI customers in NB, surveillance, shared bike, door lock, smart home/office and palm vein authentication ◼ Highlights the application versatility of WLO in advancing CPO for optical communication, vital for the advancement of AI and HPC ◼ Enlarge LCoS microdisplay for AR/VR, pico projector. Extend to phase modulation LCoS technology for AR-HUD, LiDAR and WSS ◼ Global leaders’ preferred partners in the joint development of non-driver category / optical technologies for emerging applications Category Product Mix A Balanced Product Mix 28 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 81.9% 78.2% 71.3% 57.0% 42.7% 41.4% 29.7% 26.9% 32.4% 34.0% 32.8% 36.0% 35.3% 27.1% 25.7% 22.0% 18.6% 13.9% 11.0% 15.5% 16.7% 22.0% 34.8% 44.6% 44.6% 53.9% 53.1% 48.6% 46.0% 44.5% 45.0% 45.8% 58.1% 62.3% 64.8% 66.5% 69.0% 69.3% 2.60% 5.1% 6.7% 8.2% 12.7% 14.0% 16.4% 20.0% 19.0% 20.0% 22.7% 19.0% 18.9% 14.8% 12.0% 13.2% 14.9% 17.1% 19.7% Large Panel Drivers S/M Panel Drivers Non-Driver $629
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$158 $195 $184 $182 $184 $171 $157 $178 $158 $173 $161 $160 $144 $56 $67 $60 $53 $55 $57 $51 $61 $64 $64 $54 $55 $55 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 China Sales ROW Sales ◼ 2024 auto driver business was the largest revenue contributor. Auto, Tcon and WiseEye AI business all enjoy higher GM than corporate average ◼ Robust auto demand derived from display inside the auto increase in number, size and feature, implying more demand for auto drivers ICs ◼ 2021 GM set a new high for favorable price and product mix amid severe capacity shortage period ◼ High margin segments supporting our long- term growth ◼ Leadership in Auto: A leading supplier with leading technology spec (DDIC/TDDI/Tcon/OLED). First mover in auto TDDI, LTDI and local dimming Tcon now broadly adopted as standard platform by main auto makers. Demand unfolding with a trend in new energy vehicle (NEV) ◼ Leadership in tablet: A dominate supplier with leading technology spec in TDDI and tablet OLED ◼ New revenue stream: Ultralow power WiseEye AI, OLED and WLO (CPO) Margin improved with favorable product mix $692 $803 $685 $724 $672 $887 $1,547 $1,201 $945 $907 $629 23.6% 24.2% 24.4% 23.3% 20.5% 24.9% 48.4% 40.5% 27.9% 30.5% 30.6% -40.0% -30.0% -20.0% -10.0% 0.0 % 10. 0% 20. 0% 30. 0% 40. 0% 50. 0% 60. 0% 0.0 200 .0 400 .0 600 .0 800 .0 100 0.0 120 0.0 140 0.0 160 0.0 180 0.0 200 0.0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 Revenue & Gross Margin US$M in Revenue and Gross Margin % Geographical Revenue Mix & Quarterly GM US$M in Revenue and Quarterly Gross Margin % 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 36.0% 30.5% 28.1% 21.7% 31.4% 30.3% 29.3% 32.0% 30.0% 30.5% 30.5% 31.2% 30.2% Gross Margin is a Key Business Focus 29
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◼ Given the persistent macroeconomic headwinds, we continue to be diligent with strict budget and expense control measures, with full-year 2024 OPEX declining 5.6% YoY . We remain committed to R&D and customer engineering in strategic areas with growth potential ◼ The decreased OPEX ratio in 2024 was mainly a result of strict cost controls amidst prevailing macroeconomic headwinds, along with lower employee bonus compensation, as the amortized portion of bonuses in 2023 was higher than that in 2024, and offset by higher employee salary ◼ 2022 OPEX up 12.8% YoY , primarily a result of the vested portion of the annual bonus compensation awarded to employees in 2022 and previous years, along with increased salaries and R&D expenses ◼ 2018 & 2019 higher capex to meet the demands of 3D sensing total solution, projector module or optics ◼ 2019 completion of the new WLO facility, including additional WLO capacity, active alignment equipment and extra office ◼ 2019 Profit declined due to adverse product mix change, weaker market demand and intensified competition 25.2 50.9 27.7 8.6 (13.6) 47.1 436.9 237.0 50.6 79.8 37.6 $0.15 $0.30 $0.16 $0.05 ($0.08) $0.27 $2.50 $1.36 $0.29 $0.46 $0.22 -$15 $35 $85 $135 $185 $235 $285 $335 $385 $435 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 Profit and EPS (US$M/ US$) OPEX and % of Total Sales (US$M/ %) Rev $692 $803 $685 $724 $672 $887 $1,547 $1,201 $945 $907 $629 OPEX and the Bottom Line $132 $135 $159 $166 $156 $163 $203 $230 $220 $208 $155 19.1% 16.8% 23.2% 22.8%23.20% 18.4% 13.2% 19.1% 23.3% 23.0% 24.7% $30 $80 $130 $180 $230 $280 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 30
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◼ Well-manage R&D investment & expense for customer engineering for strategic growth including WLO, CIS, TDDI, Auto, OLED, 3D sensing & WiseEye ultralow power AI image sensing. Full-year 2024 OPEX declined 5.6% YoY ◼ Annual bonus expense includes share-based compensation and cash award from 2014 to 2024: $11.1mn, $6.2mn, $10.2mn, $6.9mn, $4.1mn, $0.4mn, $5.4mn, $31.0mn, $47.3mn, $31.4mn and $20.0mn $94 $96 $118 $123 $115 $122 $151 $176 $171 $160 $120 $38 $39 $41 $43 $41 $41 $52 $54 $49 $48 $35 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 R&D Expense Operating Expense ex. RD Operating and R&D Expenses (US$M) EBITDA (US$M) 47.5 73.8 47.7 28.6 11.0 82.2 567.2 300.7 70.8 103.7 64.9 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 9M25 Total Operating Expense (US$M) 4 132 135 159 166 156 163 203 230 220 208 155 Performance History 31
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Income Statement 32
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* Short-term secured borrowings is guaranteed by restricted deposit Balance Sheet 33
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Cash Flow Statement 34
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Dr. Biing-Seng Wu, Chairman of the Board - Dr. Wu, the founder of Himax, previously served as President, CEO and Director of Himax Taiwan. As a pioneer of TFT-LCD panel industry in Taiwan, Dr. Wu has been active in the TFT- LCD panel industry with profound experience. With significant numbers of patents related to Flat Panel Display and 3D sensing granted worldwide, Dr. Wu has made significant contributions to Taiwan panel industry including the completion and operation of Taiwan’s very first TFT-LCD plant, the winner of Outstanding Industry Contribution Award at the Gold Panel Awards 2009 from Ministry of Economic Affairs, etc. Dr. Wu holds a B.S. degree, an M.S. Degree and a Ph.D. Degree in Electrical Engineering from National Cheng Kung University. With well-recognized outstanding research and development capabilities, Dr. Wu received numerous awards including National Invention Award of Taiwan from Taiwan Executive Yuan in 1992, Research Achievement Awards from Industrial Technology Research Institute for two consecutive years in 1992 and 1993, ERSO Award from Pan Wen Yuan Foundation in 2008, 2011 NCKU Outstanding Alumni Award, etc. Jordan Wu, President, CEO and Director - Mr. Jordan Wu, co-founder, President and Chief Executive Officer of Himax Technologies Inc., a NASDAQ-listed fabless IC design company headquartered in Tainan, Taiwan. Prior to co-founding Himax, he served as CEO of TV Plus Technologies, Inc. in Taiwan and CFO and Executive Director of DVN Holdings Ltd. in Hong Kong. Prior to that, he was an investment banker in Hong Kong with Merrill Lynch (Asia Pacific) Limited, Barclays de Zoete Wedd (Asia) Limited and Baring Securities, specialized in cross-border capital markets and M&A. Mr. Wu holds a B.S. degree in Mechanical Engineering from National Taiwan University and an M.B.A. degree from the University of Rochester, USA Jessica Pan, Chief Financial Officer - Jessica joined Himax in 2006 and has played an integral role at Himax on finance, accounting, financial planning and analysis, forecasting and tax. Jessica served as interim Chief Financial Officer from October 2010 to January 2012. Prior to joining Himax, Jessica worked as Assistant Finance Manager for Advanced Semiconductor Engineering, Inc. from 2002 to 2006 and as Auditor at Arthur Andersen LLP in Taiwan from 1998 to 2001. She holds a B.S. degree in Agriculture Chemistry from National Taiwan University and an M.B.A. degree from the State University of New York at Buffalo, USA Management T eam 35
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Karen Tiao, Head of IR/PR Tel: +886-2-2370-3999 hx_ir@himax.com.tw Mark Schwalenberg, Director Investor Relations - US Representative MZ North America Tel: +1-312-261-6430 HIMX@mzgroup.us www.mzgroup.us Company Auditor SEC Legal Counsel Corporate Counsel Contact Us