GLOBAL MOBILE INTELLIGENCE(3312)

4Q20 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 +2%

QoQ +6.72%

YoY +7.67%

YoY +1.45pt

QoQ +1.02pt

YoY +0.23pt

Financial-Gross Margin

YoY +0.41

QoQ +0.22

YoY +0.27

Financial- Consolidated Earnings Per Share (In NT$)

Financial- Consolidated Income Statement- Quarterly

(In NT$ thousands)

4Q20 3Q20 4Q19 QoQ YoY

Net Sales 3,882,379 3,638,008 3,806,323 6.72% 2.00%

Operating costs 3,657,037 3,464,069 3,640,746

Gross Profit 225,342 173,939 165,577 29.55% 36.09%

Selling expenses 60,576 58,624 63,383

Administrative expenses 43,243 34,673 41,518

R&D expenses 8,813 5,741 5,238

Expected credit gain (2,598) (9,338) 338

Operating expenses 110,034 89,700 110,477

Operating income 115,308 84,239 55,100 36.88% 109.27%

Net non-operating income (6,976) (4,582) (5,603)

Net income before income tax

108,332 79,657 49,497

Income tax expense (income)

21,935 20,663 15,888

Net profit 86,397 58,994 33,609 46.45% 157.07%

EPS 0.69 0.47 0.28

Financial-Consolidated Income Statement - Yearly

(In NT$ thousands)

Ytd 20 Ytd 19 YoY

Net Sales 13,678,646 12,704,736 7.67%

Operating costs 13,003,476 12,106,748

Gross Profit 675,170 597,988 12.91%

Selling expenses 234,129 233,176

Administrative expenses 146,275 130,731

R&D expenses 24,022 19,783

Expected credit gain (4,766) (3,101)

Operating expenses 399,660 380,589

Operating income 275,510 217,399 26.73%

Net non-operating income and expenses

(27,290) (10,584)

Net income before income tax 248,220 206,815

Income tax expense(benefit) 50,646 51,898

Net Income 197,574 154,917 27.54%

EPS 1.58 1.31

Financial-Consolidated Balance Sheet

(In NT$ thousands)

Item 2020 4Q 2020 3Q 2019 4Q QoQ YoY

Cash and cash equivalents

1,228,978 1,101,417 481,942 11.58% 155.01%

Account receivable 2,824,659 2,877,025 3,182,176 (1.82%) (11.23%)

Inventories 804,619 655,431 680,348

Other current assets 301,092 310,915 318,984

Other non-current assets

357,833 123,239 77,023

Total Assets 5,517,181 5,068,027 4,740,473

Loans 1,306,497 1,118,017 1,189,699 16.86% 9.82%

Account payable 2,570,861 2,387,614 1,981,393 7.67% 29.75%

Other current liabilities

143,519 129,891 143,054

Total non-current liabilities

8,627 10,521 20,707

Total Liabilities 4,029,504 3,646,043 3,334,853

Total Equity 1,487,677 1,421,984 1,405,620

1 Company Profile

2 Financial Result

3 Outlook

4 Q&A

Outlook│New product agent

Company: StorArt Technology Co., Ltd. Capital: 400 million NTD Date Founded: February 2012 Introduction: The main design storage control chip, there are currently

more than 100 R&D personnel, and the average experience in the semiconductor field is more than 8 years.

Independently innovate and develop control chip design, verification, and testing processes, and currently accumulate more than 100 hardware and firmware patents.

GMI products are mainly promoted in the market Storage control chip (Wafer)S SD, eMMC, SD, UFS Storage products, monitoring products, consumer electronics,

etc...

Company: CENTERA PHOTONICS INC. Capital: 400 million NTD Date Founded: June 2010 Introduction: Dedicated to the integration of silicon optical platform for

microelectromechanical semiconductor technology.Small-size and high-precision optical connection module design and wafer-level process introduce mass-production-scale manufacturing capabilities. Gradually develop optoelectronic integrated chips (OE-IC) as higher-level optical communication components.

GMI products are mainly promoted in the market High-end optical communication module Network communication: data center, cloud computing, 5G base station,

industrial automation, remote information publishing system... etc. Image transmission: theaters, medical images, high-definition conference

systems, public security monitoring... etc.

Outlook│New product agent

Outlook│New product agent

Company: ADVANCED POWER ELECTRONICS CORP. (Code: 8261)

Capital: NT$800 million Date of establishment: July 1998 Introduction: The first IC design company in Taiwan to successfully integrate 6-

inch DMOS Provide overall power solutions, MOSFET, IGBT, Power ICs, and obtain ISO9001 certification. By the end of 2019, MOSTE shipped more than 31 billion chips

GMI products are mainly promoted in the market MOSFET: 12~250V and 400~900V IGBT: 400~1300V Used in computers, servers, graphics cards, charging piles,

communications and industrial fields.

Outlook│New product application

Zbit Nor Flash is introduced into major Taiwanese manufacturers, and shipments begin in the first quarter

TWS active noise reduction chip shipments exceeded 480,000 units in the fourth quarter of 20 years

Hearing aid market expects customers to start trial production in the second quarter

The shipment of Bluetooth bracelet chips exceeded 1.1 million in the fourth quarter of 20 years

2.5G Ethernet personal computers and broadband customers began to ship in large quantities

IOT Smart bulbs and smart socket clients import this year’s amplification

GaN power adapter, customer verification is completed, ready to import RFQ

WiFi-6 customers are expected to enter mass production in the second quarter

Outlook│Main sales

Operators and bidding market

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

Sales in the fourth quarter accounted for 23-

25% of overall revenue

QoQ成長38% (XDSL 262%, XPON 97%)

Desktop and notebook computers

Sales in the fourth quarter accounted for 19-

20% of overall revenue

QoQ grows 16%

Outlook│Overall assessment in 2021

Suppliers' production capacity is tight, and some end-customers have placed orders for this year ahead of

schedule

Wireless network The main growth momentum extends from the third quarter of 20 to 21 years, and the main

revenue comes from xPON, xDSL, AP Router, NB, IPTV, IP Cam, Dongle, Module, etc.

Ethernet Driven by PC and non-PC applications, growth momentum will continue to 21 years

Computer and peripheral applications ODM/OEM continues to pursue goods to extend to 21 years

Bluetooth SOC standard TWS enters the Red Sea market, wristbands, gamepads demand continuous heating

China Mobile's centralized direct supply strategy worked and began to contribute performance

Serious imbalance between supply and demand, assist customers to introduce alternative solutions to solve urgent

needs

ＴＨＡＮＫ ＹＯＵ！

Q & A