2019 First Quarter

Investor Conference

Presented by Cheryl Yang

May 8, 2019

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WT’s forward-looking statements, which may include statements regarding its results of

operations, financial condition or business prospects, are subject to significant risks and

uncertainties and are based on WT’s current expectations.

Actual results may differ materially from those expressed or implied in these forward-looking

statements for a variety of reasons, including, among other things: the cyclical nature of our

industry; our dependence on introducing new products on a timely basis; our dependence on

growth in the demand for our products; our ability to compete effectively; our dependence on

key personnel; general economic and political conditions; possible disruptions in commercial

activities caused by natural and human-induced disasters, including terrorist activity and

armed conflict; and fluctuations in foreign currency exchange rates.

In addition, any financial information contained here within is presented in conformity with

International Financial Reporting Standards (IFRSs).

Except as required by law, our release of financial forecasts and forward-looking statements

at any particular time does not create any duty of disclosure, and we expressly disclaim any

obligation to publicly update or revise any forecasts or forward-looking statements, whether

as a result of new information, future events or otherwise.

Safe Harbor Statement

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1. Overview

2. Financial Update

3. Business Outlook

4. Recap of Recent Major Events

5. Questions and Answers

Agenda

4

1. Overview

Strong secular growth with economies of scale

A leading Asian semiconductor distributor, founded in 1993 and listed in

2000 (ticker: 3036 TT)

Strategic focus on Asia region and Automotive & Internet of Things (IoT)

applications

2018 revenues of NT$273bn, up 44% YoY

48 offices in Asia (33 offices in China and 15 offices in Korea, Taiwan, and

South Asia) with over 8,000 customers

Over 2,300 headcounts (over 700 sales, 250 PMs, and 500 FAEs)

Completion of warehouse semi automation (total 6 warehouses in Taiwan,

HK, Shenzhen China, Shanghai China, Korea, and Singapore)

Completion of B2B service platform for major vendors and customers

5

1. Overview

Offices Across Asia

Hsinchu

Bangkok, Thailand

Penang, Malaysia

Singapore

Seoul

Mumbai, N. India

Bangalore, S. India

New Delhi, N. India

Taichung

Pune, N. India

China Offices (33) Korea Offices (2)

Taiwan Offices (4)

Taipei, Headquarters

South Asia Offices (9)

Tainan

Harbin Shenyang Dalian Beijing Tianjin Qingdao Yantai Zhengzhou Jinan Xian Ningbo Shanghai Wuxi Suzhou Kunshan Nanjing Hangzhou Wenzhou Hefei Chengdu Mianyang Chongqing Changsha Wuhan Fuzhou Fuqing Xiamen Dongguan Shunde Guangzhou Zhuhai Hong Kong Shenzhen

Vietnam (2)

6

NR (Net Revenue)

1. Overview

5 9 10 14 21

30 34 39 41 47

64 71

80 88

108 114

144

189

273

0

50

100

150

200

250

300

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

NT$B

CAGR(2006~2010)=16% CAGR(2011~2015)=12%

YoY=27%

YoY=31%

YoY=44%

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Statement of Comprehensive Income

2. Financial Update

Unit: NT$M

1Q19

Amount % Guidance Amount % Amount %

Net Operating revenues 67,474 100.00% 65B~70B 85,762 100.00% -21% 49,635 100.00% 36%

Gross profit 2,322 3.44% 3.3%~3.5% 2,701 3.15% -14% 2,288 4.61% 1%

Operating expenses (1,300) -1.93% (1,420) -1.66% -8% (1,247) -2.51% 4%

Operating income 1,022 1.51% 1.4%~1.6% 1,281 1.49% -20% 1,041 2.10% -2%

Financing costs (527) -0.78% (538) -0.63% -2% (346) -0.70% 52%

Others (5) 0.00% 23 0.03% 18 0.04%

Earning before tax 490 0.73% 766 0.89% -36% 713 1.44% -31%

Income tax expense (105) -0.16% (175) -0.20% -40% (133) -0.27% -21%

Non-Controlling Interests - - - - - -

Profit after tax 385 0.57% 591 0.69% -35% 580 1.17% -34%

EPS (in dollars) 0.67 1.06 1.05

1Q19Key accounts

4Q18QoQ

1Q18YoY

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Balance Sheet

2. Financial Update

Unit: NT$M

Amount % Amount % Amount %

Cash and cash equivalents 2,360 3 3,335 4 2,542 3

Accounts receivable 34,692 38 36,127 39 31,765 41

Inventory 47,034 51 46,875 50 35,426 46

Other current assets 2,108 2 2,547 2 2,929 4

Non-current assets 5,398 6 4,941 5 4,837 6

Total Assets 91,592 100 93,825 100 77,499 100

Short-term loans 31,921 35 28,812 31 29,385 38

Accounts payable 32,055 35 37,998 40 22,239 29

Other current liabilities 3,091 3 4,474 5 3,451 4

Long-term loans - - 123 - 670 1

Other liabilities 1,245 2 610 1 1,703 2

Total Liabilities 68,312 75 72,017 77 57,448 74

Total Equity 23,280 25 21,808 23 20,051 26

Indices

Current ratio 129% 125% 132%

Debt/Assets ratio 75% 77% 74%

Debt/Equity ratio 293% 330% 287%

Gearing ratio 1.27 1.17 1.37

1Q19 4Q18 1Q18

Key accounts1Q19 4Q18 1Q18

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NR by Geography (Ship-to Destination)

2. Financial Update

80.7% 81.7% 86.0%

82.7% 82.1% 89.3% 90.1% 87.2%

8.5% 7.1% 6.0%

8.1% 7.9%

5.5% 4.2% 5.4%

8.1% 8.5% 5.7% 5.9% 6.1%

3.0% 3.5% 4.5% 2.2% 2.0% 1.8% 2.6% 3.4% 1.9% 1.9% 2.5%

0.5% 0.6% 0.5% 0.7% 0.5% 0.3% 0.3% 0.4%

0%

20%

40%

60%

80%

100%

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

China Taiwan Korea ASEAN Others

0

10

20

30

40

50

60

70

80

90

China Taiwan Korea ASEAN

4Q18

(Left)

vs.

1Q19

(Right)

Rev

en

ue (

NT

$B

)

QoQ +4% QoQ +1% QoQ +1%

Rev

en

ue (

NT

$B

)

0

10

20

30

40

50

60

70

China Taiwan Korea ASEAN

1Q18

(Left)

vs.

1Q19

(Right)

YoY +31% YoY +4% YoY -9%

YoY +43%

QoQ -24%

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NR by Customer Base

2. Financial Update

Rev

en

ue (

NT

$B

)

52.7% 50.7% 57.8% 56.2% 53.5%

68.2% 72.0%

62.8%

36.5% 38.5%

34.1% 34.7% 36.6%

26.5% 22.4%

30.4%

8.6% 8.8% 6.4% 6.3% 6.6% 3.4% 3.9% 4.7%

2.2% 2.0% 1.7% 2.8% 3.3% 1.9% 1.7% 2.1%

0%

20%

40%

60%

80%

100%

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

Taiwan Customer China Customer

Korea Customer ASEAN Customer

0

10

20

30

40

50

60

70

TaiwanCustomer

ChinaCustomer

KoreaCustomer

ASEANCustomer

QoQ -31%

QoQ +7%

QoQ -5% QoQ -3%

4Q18

(Left)

vs.

1Q19

(Right)

0

5

10

15

20

25

30

35

40

45

TaiwanCustomer

ChinaCustomer

KoreaCustomer

ASEANCustomer

1Q18

(Left)

vs.

1Q19

(Right) R

ev

en

ue (

NT

$B

)

YoY +52%

YoY +19%

YoY +1% YoY +2%

0

10

20

30

40

50

0

10

20

30

40

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NR by Application

2. Financial Update

Rev

en

ue (

NT

$B

)

QoQ -33%

QoQ 0% QoQ -13%

QoQ -9% QoQ -23%

4Q18

(Left)

vs.

1Q19

(Right)

Rev

en

ue (

NT

$B

)

YoY +72%

YoY +52%

YoY +10% YoY -15%

YoY -1%

1Q18

(Left)

vs.

1Q19

(Right) 31.2% 37.7%

41.9% 35.1%

31.2%

46.3% 52.3%

44.5%

22.6%

21.3% 19.7%

21.5% 22.9%

20.8%

18.9%

24.1%

19.5% 16.4%

17.2%

18.7% 20.1%

15.9% 13.7%

15.2%

14.9% 13.8% 11.4%

13.5% 14.0%

9.2% 7.3% 8.4%

7.8% 6.6% 6.4% 7.3% 7.5% 5.3% 5.4% 5.3%

4.0% 4.2% 3.4% 3.9% 4.3% 2.5% 2.4% 2.5%

0%

20%

40%

60%

80%

100%

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

Communication Computing

Consumer Industry & Instrument (I&I)

Automotive Others

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2. Financial Update

ROE vs. EPS

1.15 1.61 1.44 1.05 1.12 1.79 1.06 0.67

13.4%

18.8%

15.3%

11.6% 12.4%

19.2%

11.0%

6.8%

0%

5%

10%

15%

20%

0.00

0.50

1.00

1.50

2.00

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

EPS ROE%

13 13

2. Financial Update

0.19 0.18 0.17 0.23 0.24 0.12 0.13 0.18

11.7% 12.0%

10.6% 9.3% 9.8%

16.1%

11.4%

8.2%

0%

5%

10%

15%

20%

25%

0.00

0.05

0.10

0.15

0.20

0.25

0.30

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

NWC/Sales

ROWC

ROWC vs. NWC/Sales

14 14

2. Financial Update

68

61 60

80 83

49 46

65

0

30

60

90

2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19

AR INV AP Operating cash cycle

Operating Cash Cycle

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We currently expect 2Q19 :

Revenue : between NT$71 billion ~ NT$75 billion, at a forecast

exchange rate of 30.9 NT Dollars to 1 US Dollar

Revenue guidance between 5% ~ 11% QoQ growth and 33% ~

41% YoY increase

Gross profit margin : between 3.45% ~ 3.65%

Operating profit margin : between 1.6% ~ 1.8%

3. Business Outlook

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4. Recap of Recent Major Events

WT was ranked as Best Partner from NXP Semiconductors in 2018.

WT was ranked as Outstanding Supplier Business Management from ST

Microelectronics in 2018.

WT board of directors approved the convening of the 2019 annual

shareholders’ meeting on June 21, 2019.

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WT Microelectronics Co., Ltd.

Website : www.wtmec.com

Thank You !