GLOBAL MOBILE INTELLIGENCE(3312)

1Q21 Result Briefing

Except for historical information contained herein, the matters set forth in this

presentation are forward looking statements that are subject to risks and

uncertainties that could cause actual results to differ materially, including the

impact of competitive products and pricing, timely design acceptance by our

customers, timely introduction of new technologies, ability to ramp new products

into volume, industry wide shifts in supply and demand for semiconductor products,

industry overcapacity, availability of manufacturing capacity, financial stability in

end markets, and other risks.

Disclaimer

1 Company Profile

2 Financial Result

3 Outlook

4 Q&A

Since 1995 Capital 1.25 billion Headquarter: Taipei

12 locations in China, Hong Kong, Taiwan

Company profile

IPO in 2010 #3312

>190 employees

1 Company Profile

2 Financial Result

3 Outlook

4 Q&A

Financial-Consolidated Revenue (In NT$ thousands)

YoY +36.8%

QoQ +5.5%

YoY +0.59pt

QoQ -0.9pt

Financial-Gross Margin

YoY +0.31

QoQ -0.17

Financial- Consolidated Earnings Per Share (In NT$)

Financial- Consolidated Income Statement- Quarterly

(In NT$ thousands)

1Q21 4Q20 1Q20 QoQ YoY

Net Sales 4,095,776 3,882,379 2,994,045 5.50% 36.80%

Operating costs 3,895,287 3,657,037 2,865,083

Gross Profit 200,489 225,342 128,962 (11.03%) 55.46%

Selling expenses 75,638 60,576 55,432

Administrative expenses 29,623 43,243 32,972

R&D expenses 11,821 8,813 4,719

Expected credit gain 8,827 (2,598) 3,700

Operating expenses 125,909 110,034 96,823

Operating income 74,580 115,308 32,139 (35.32%) 132.05%

Net non-operating income 7,379 (6,976) (5,715)

Net income before income tax

81,959 108,332 26,424

Income tax expense (income)

16,663 21,935 1,400

Net profit 65,296 86,397 25,024 (24.42%) 160.93%

EPS 0.52 0.69 0.21

Financial-Consolidated Balance Sheet

(In NT$ thousands)

Item 2021 1Q 2020 4Q 2020 1Q QoQ YoY

Cash and cash equivalents

1,002,746 1,228,978 803,516 (18.41%) 24.79%

Account receivable 3,271,870 2,824,659 2,865,686 15.83% 14.17%

Inventories 845,724 804,619 725,423

Other current assets 380,907 301,092 322,046

Other non-current assets

355,293 357,833 75,633

Total Assets 5,856,540 5,517,181 4,792,304

Loans 1,321,344 1,306,497 1,302,682 1.14% 1.43%

Account payable 2,818,033 2,570,861 1,918,266 9.61% 46.91%

Other current liabilities

159,028 143,519 113,594

Total non-current liabilities

6,106 8,627 17,113

Total Liabilities 4,304,511 4,029,504 3,351,655

Total Equity 1,552,029 1,487,677 1,440,649

1 Company Profile

2 Financial Result

3 Outlook

4 Q&A

Outlook│New product agent

Company: PHYPLUS MICROELECTRONICS Capital: RMB 16.47 million Date of establishment: : May 2015

Introduction: Committed to the development of low-power RF chip technology and

communication protocol stacks for independent intellectual property rights, and provide low-power wireless communication chips and solutions.

Provide BLE BT 2.4G SOC solution, BT Mesh Alliance BQB certification. By 2020, more than 100 million chips will be shipped, an annual growth rate

of 30-50%

GMI products are mainly promoted in the market: BLE BT : 4.2 / 5.0 / 5.1 Used in smart bracelets, smart switches, electronic tags, smart speakers, BLE

positioning and electronic scales.

Outlook│New product agent

Company: Everest Semiconductor Capital: RMB 20million Date of establishment: : Jul 2005

Introduction: The first company in China to do audio ADC, DAC, and CODEC. Provide high-efficiency audio digital-analog mixed-signal chip

ADC, DAC and CODEC products, and obtain 15 national intellectual property rights.

The number of shipments in 2020 will exceed 80 million, with an annual growth rate of 20-30%.

GMI products are mainly promoted in the market: AUDIO CODEC, ADC, DAC It is used in smart home, voice remote control, smart speaker,

POS machine, PC market and security monitoring and other fields.

Outlook│New product agent

Company: Hong Kong Derun Microelectronics Capital: HKD 20million Date of establishment: : Jun 2018

Introduction: A leading manufacturer of highly integrated intelligent power

supply system solutions. The main solution: USB Type-C comprehensive protection-port

overvoltage and ESD protection. International safety certification-OCP multi-stage adjustment

intelligent LOAD SWITCH.

GMI products are mainly promoted in the market: Laptops and Desktop / Note Book Monitor and Displays Dongle/Docking USB PD for Charger

Outlook│New product agent

Company: NeuronBasic Capital: USD 12 million Date of establishment: : Jun 2018

Introduction: The world's first design company to successfully integrate CIS into AI

SoC Provides a complete single crystal edge computing artificial intelligence solution.

It has obtained a US IC invention patent. It has the advantages of low power consumption and low cost, and high compatibility interface, which can successfully shorten the development time.

Start shipping in early 2020.

GMI products are mainly promoted in the market: NB1001 can run independently, detect, identify and apply to battery-

powered products Used in smart homes, smart toys and smart peripherals that need to

be quickly upgraded

Outlook│New product agent

Company: Chipbetter Microelectronics Inc. Capital: RMB 200 million Date of establishment: : Oct 2018

Introduction: Main investor UMC, Xiaomi The main product is FEM (micro base station, IOT, UWB) Established for two years, the products have been

successfully imported into the resource pool of international large factories.

GMI products are mainly promoted in the market: Router WIFI5/6. Micro base station, CPE meets mobile, China Unicom, and

telecommunications frequency bands. UWB is accurately positioned in industry customers,

hospitals, pensions, chemical industries...

Outlook│New product application

Zbit NOR FLASH, Taiwanese manufacturers have shipped more than 7 million units in 21 years

StorArt Hengyu Technology (storage control chip), a major land-based factory has shipped more

than 800,000 units in 21 years

APEC Fuding Advanced (MOSFET), major Taiwanese manufacturers expect large quantities of

shipments in the third quarter

Hearing aid market expects small shipments from customers in the third quarter

Bluetooth bracelet chip shipments have exceeded 2.2 million in 21 years

IOT has shipped 4.1 million units in 21 years

WIFI-6 terminal customers enter mass production, and shipments in 21 years have exceeded 1

million

Outlook│Main sales

Operators and bidding market

IPTV/ AP Router / XPON/ XDSL/ IP-CAM

Sales in the first quarter accounted for 22-25% of

overall revenue

YoY grows 4%(XPON 76.5%)

Desktop and notebook computers

Sales in the first quarter accounted for 17-19% of

overall revenue

YoY grows 140%

Outlook│Overall assessment in 2021

Under the influence of WFH, 5G mobile phone, and automotive market demand, the production capacity of

major suppliers is tight, and there is no clear supply in the second half of the year.

Wireless network The main revenue comes from xPON, xDSL, AP Router, NB, IPTV, IP Cam, Dongle, Module,

etc. Customer demand remains strong in the second half of the year.

Ethernet Promoted by the volume of PC, non-PC and 2.5G, demand continues to rise.

Computer and peripheral applications ODM/OEM manufacturers continue to pursue the goods to extend

to 21 years.

Netcom products the direct supply strategy for large-scale land-based customers has worked, and

performance continues to ferment.

Memory category price increase, specifications increase, overall performance is expected to continue to

grow.

ＴＨＡＮＫ ＹＯＵ！

Q & A