RichWave Technology Corp.

Dec 2017

Outlooks for 2017Q4 & 2018

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Continue Innovation and Brand Recognition

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Embedded-WiFi Connects IoT Point to Multi-Point – Enterprise Outdoor/Indoor Applications

Source: SIPSS-GLOBAL

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Product Range

Source: SIPSS-GLOBAL

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Segments Embedding WiFi & Players

•TP-Link, ASUS, Netgear, Belkin, Buffalo… Retail Router

• Cisco, HP/Aruba, HUAWEI Enterprise Router

• Hike-Vision, Netgear, Nest IP Cam

• Roku, Xiaomi STB/ OTT

• Nintendo, SONY, Microsoft Gaming

• Amazon, Google, Harman, Xiaomi, Alibaba Smart Speaker

• Samsung, LG, Xiaomi Smart TV

• ASUS, Samsung, LG, TCL, Xiaomi, Meizu Smart Phone

• KOR/JPN module companies Automotive

• ASUS- Zenbo, Softbank- Pepper, Anki- Cozmo AI/ Robotics

• Gemtek, Azureware, WNC, Fujitsu, Panasonic IoT

Richwave confidential 7

Segments 2017 (f) 2020 (f) Growth (%) Remarks

AP Router (DSL, Cable, PON)

350 400 14% M units

STB/OTT 380 460 21% M units, 2020

Smart Phone 1,517 1,697 11.91% M units

Game Consoles 135.2 184 36% M units

Smart Speaker 8.3 94 1075% M units, US,2016

IoT 20,000 30,000 50% M units

Smart TV 104 114 9.6% M units, 2018

Smart Home 65 320 392% M units

Automotive (info..) 1,062 7,914 645% US$M, 2016

PC/Laptop/ Tablet 435 433 -0.5% M units, 2016

Source: IDC, IHS, Accelerating Biz analysis, frost & Sullivan, Ovum, Statista, IDATE, artner, Voicebot.ai, Edison Research, Digital Market Outlook, ABI Research

Total Addressable Market for RichWave in next 3 years Our market share is around 8% in WIFI RFFE , around 40% in SW

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Wi-Fi standards of 11.ac / 11ax keep multiples growth in MIMO for Speed & Capacity

802.11ax

2.4/5 Ghz

20MHZ 80MHZ 40MHZ 160MHZ

12x12 MIMO

600.4 Mbps 9607.8 Mbps

9.6 Gbps

Source: adrenaline.uol.com.br

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WiFi Generation Migration: Increasing Bandwidth, Modulation & MIMO

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Source: ARRIS Investor Day 2017

Cable & STB Drives WiFi Adoption

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Living-Room WiFi-Connectivity Fast Increase

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WiFi-in-Smart Speaker Grows Rapidly

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WiFi is Adopted from IOT, Home, M2M to Cloud and Everywhere

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Growth Strategy & Advantages

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Armed with over 100 Design References by Main-Chip partners

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Antenna output 5GHz 11ac

5GHz 11n

2GHz 11ac

2GHz 11n

PA/LNA/SW V V V V

FEM (PA+LNA+SW)

V V V V

FEM(LNA+SW) V V V V

Enterprise FEM (PA+LNA+SW)

V V V V

Mobility FEM (PA+LNA+SW)

V V V V

Source: D-Link

RichWave has Complete WiFi RFFE Solutions WiFi RFFE is Key for Performance: MU- MIMO Features Increase # RF Front End PA for range, LNA for Sensitivity. RFFE Quantity Proportional to MIMO

Main Chipset (5GHz)

Main Chipset (2.4GHz)

CP

U

LNA PA SWITCH

LNA PA SWITCH

LNA PA SWITCH

LNA PA

LNA PA SWITCH

LNA PA SWITCH

LNA PA SWITCH

LNA PA SWITCH

SWITCH

Diplexer/ Filter

PFEM

FEM

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Our WiFi 802.11ac Win by Performance

Output Power

L

H

Data Connected Video Stream

Set-top box

IOT

Data Connected

Parameter RichWave Ref.

5GH FEM

H Pout @1.8% EVM 22.5dBm 22.5dBm

M Pout @1.8% EVM 20dBm 19dBm

L Pout @1.8% EVM 16dBm 16dBm

2GHz FEM

Pout @3% EVM 27dBm 26dBm

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Annually Solid Growth over 30% in WiFi 2017Q3 FEM with QoQ growth is over 55% by 802.11ac Brand/Carriers.

2017Q3 WiFi Overall QoQ growth is 14%, YoY growth is over 30%.

Driven by 11ac worldwide share, MIMO 2x2 and 3x3, and increasing Range-coverage.

Unit: NT$ Million Unit: NT$ Million

94 95 102

159 22 40 29

18 89 102 120

106

0

50

100

150

200

250

300

16Q4 17Q1 17Q2 17Q3

FEM-Brand/Carrier FEM-Cable PA 1200

1250

1300

1350

1400

1450

1500

1550

2015 2016 2017Q1~Q3

1319

1,529

1,476

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FEM engaged in Router & STB/OTT with Big Brands worldwide

3.23 6.09 7.54 8.1 13.3

30.1

63.5 70.5

80.78

133

0

20

40

60

80

100

120

140

2016Q3 2016Q4 2017Q1 2017Q2 2017Q3

Quantity Sales

M Units/ NT$ Million +64%

Our quality and performance are armed with the world level.

Q4 revenue will increase over Q3 QoQ both in China & Europe.

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Smart speakers Grab in USA & China brands

Amazon Echo extended voice assistant from home to Business and the era of intelligent assistant is coming!

Xiaomi AI Speaker [Small Love Classmate] The millet family can control 85 million IoT devices to create the "IoT + AI" ecosystem.

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Win 27% Growth on Brand Players in LTE

LTE SW growth 27% QoQ mainly come from China top brand.

Continue penetrating into global brands in 2017 2H.

Unit: NT$ Million

30.3 33.4 42.3

4.7 5.0

4.6

1.1

5.2

3.0

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Q1 Q2 Q3

LTE SW LTE LNA Femtocell

Unit: NT$ Million

+21%

+14%

0

20

40

60

80

100

120

140

62

89

130

2015 2016 2017Q1~Q3

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SoC Projects keep increasing shipments in H2

FM continues to win in Korea flagship phones after Note 8.

Wireless long-distance HD video increased the shipments to smart home, car backup, drone… with our proprietary transceiver.

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Unit: NT$ Million

Trend in Revenue >20% growth

Unit: Million pcs

0

400

800

1200

1600

2000

2400

2012 2013 2014 2015 2016 2017Q1-Q3

860

1,113

1,382

1,716

2,161

1,951

302 420

564 656

823 702

Revenue Shipment

+24%

+29.4%

+24%

+26%

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Revenue by Product Portfolio

Product Portfolio Migration toward High-GM PA and FEM

0

100

200

300

400

500

600

700

800

Q1 Q2 Q3

Product Portfolio

WiFi LTE FM Wireless Video

74.20% 73.90%

78.40%

6.10% 6.70%

7.10% 11% 11%

9.50% 8.60

%

8.30% 4.90%

Unit: NT$ Million

0

100

200

300

400

500

600

Q1 Q2 Q3

RFFE components Portfolio in Wi-Fi

SW FEM PA LNA

30.4%

22.9%

17.2%

3.7%

30.9%

20%

18.3%

4.7%

33.4%

25%

15%

4.9%

Unit: NT$ Million

+10.5%

+14.32%