Slide 1: MPI Corporation
MPI Corporation 6223.TT © MPI Corporation 2023. All Rights Reserved. Presentation Disclaimer The information herein contains forward-looking statements. We have based these forward- looking statements on our current expectations and projections about future events. Although we believe that these exp
Slide 2: Global Presence
1 2 3 4 5 Probe Card Photonics Advanced Thermal Test Celadon Automation Semiconductor Systems Test Since Since Since Since Since 1995 2001 2014 2015 2021 © MPI Corporation 2023. All Rights Reserved. 3 Global Presence MPI Offices MPI Representatives Locations Worldwide Taiwan MPI America MPI Suzhou C
Slide 3: The Powerhouse of Testing Solutions; Business Contents
The Powerhouse of Testing Solutions ~ IC Design Wafer Chip IC Function IC Probing Package/ Test Reliability Assembly Burn-in Advanced Semiconductor Test Probe Card Photonics Thermal Automation © MPI Corporation 2023. All Rights Reserved. Company Confidential 5 Company Confidential 1 Business Content
Slide 4: Probe Card
Probe Card © MPI Corporation 2023. All Rights Reserved. Advanced Wafer Sort Test Solutions Vertical / MEMS Cantilever Features Fine Pitch MEMS High Pin Count High Speed Substrate Hand-wired RF © MPI Corporation 2023. All Rights Reserved. 8
Slide 5: Global Probe Card Market Update
© MPI Corporation 2023. All Rights Reserved. 9 Global Probe Card Market Update Cantilever $235M，9.5% CAGR Memory 33% Semiconductor Vertical Non-Memory Probe Cards Non-Memory $353M，5.8% CAGR Applications 67% US$2.7B in 2025/ CAGR 8.9% 2024-29 MEMS $1041M，6.3% CAGR Source: TechInsights(2025/5) © MPI C
Slide 6: Top Probe Card Vendors Ranking
Total Own Make IC Probe Cards Venders (Rank) 2020 2021 2022 2023 2024 FormFactor USA 1 1 1 1 1 Technoprobe Italy 2 2 2 2 2 Micronics Japan Japan 3 3 3 3 3 MPI Corporation Taiwan 5 5 5 4 4 Japan Electronic Materials Japan 4 4 4 5 5 Top 10 Probe Cards Revenue ($M) 2023 2024 800 600 400 200 0 FORM TCH
Slide 7: Probe Card: Total Solution Provider
Probe Card: Total Solution Provider ⚫ Comprehensive Product Range for Circuit Testing 全方位的產品布局 MPI provides omnidirectional products to global customers, including fine pitch CPC, high speed VPC and low force MEMS solutions. ⚫ Solid Global Clientele 堅實的國際合作夥伴 MPI works closely with worldwide market
Slide 8: HPC/AI Probe Card Challenges
HPC/AI Probe Card Challenges AI Data Center HPC/AI Probe Card Future Trend High Pin Count High CCC (Current Carrying Capacity) AI AI Humanoid Smartphone AI PC AR/VR Robot Robo Taxi AIoT High Speed Source: TSMC © MPI Corporation 2023. All Rights Reserved. Company Confidential 15 Company Confidential
Slide 9: CPC & VPC Yearly Status; Gross Margin Between Global Peers
CPC & VPC Yearly Status CPC VPC Gross Margin 40,000,000 70% 35,000,000 60% 55% 56% 30,000,000 50% 48% 46% 25,000,000 42% 40% 20,000,000 30% 15,000,000 20% 10,000,000 5,000,000 10% 0 0% 2021 2022 2023 2024 2025 © MPI Corporation 2023. All Rights Reserved. Company Confidential 17 Company Confidential
Slide 10: Operating Margin Between Global Peers
Operating Margin Between Global Peers 60% 50% 40% 32.8% 30% 29.7% 27.3% 26.2% 25.0% 25.1% 25.0% 20% 19.2% 18.7% 18.9% 18.3% 16.2% 10% 0% 23 1Q 23 2Q 23 3Q 23 4Q 24 1Q 24 2Q 24 3Q 24 4Q 2025Q1 2025Q2 2025Q3 2025Q4 -10% F M J MPI © MPI Corporation 2023. All Rights Reserved. Company Confidential 19 Com
Slide 11: Thermal: Customer Focus
Hot and Cold Air Flow Environmental Temperature Test Applications & Industry Segments Semiconductor Automotive Aerospace Telecommunications Fiber Optic Electronics Sensors Advanced Technology © MPI Corporation 2023. All Rights Reserved. 21 Thermal: Customer Focus ⚫ Innovational Temperature System 創新
Slide 12: AST: Unique Market Leader
Engineering Probe Systems and RF Probe Products 50 – 300 mm 26 – 110 GHz Applications & Industry Segments DeviceCharacterization High Power RF & mmW Design Validation Failure Analysis Wafer Level Reliability Silicon Photonics Laser Cutter © MPI Corporation 2023. All Rights Reserved. 23 AST: Unique M
Slide 13: 2025 Revenue Breakdown
Financial Statements © MPI Corporation 2023. All Rights Reserved. 2025 Revenue Breakdown Other 1.7% Equipment 26.1% Probe Card 72.2% © MPI Corporation 2023. All Rights Reserved. Company Confidential 26 Company Confidential
Slide 14: Solid Performance
Solid Performance Revenue Gross Margin EPS 7,427 33.49 13,371 5,560 10,171 24.42 8,147 3,897 7,439 3,408 6,509 2,743 13.92 12.89 7.44 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Continuous revenue growth driven by Margin expansion is the result of Accelerating profit e
Slide 15: Balance Sheet and P&L
Balance Sheet NT$M 2025 2024 Cash and Cash Equivalents 5,437 23% 3,695 23% Fixed Assets 10,685 44% 6,973 42% Total Assets 24,002 100% 16,478 100% LT Debt 1,337 5% 1,304 8% Shareholders' Equity 14,578 61% 9,306 56% EBITDA 3,844 29% 2,794 28% *EBITDA=operating income + depreciation & amortization expe
Slide 16: Thank You
P&L NT$K 2025 2024 YoY Net Sales 13,371,181 100% 10,171,861 100% 31.5% Cost of Goods Sold 5,943,372 44% 4,610,891 44% 28.9% Gross Profit 7,427,809 56% 5,560,970 55% 33.6% 3,653,269 28% (3,078,298) 30% 18.7% Operating Expense 3,774,540 28% 2,482,672 25% 52.0% Operating Income 69,728 312,044 (77.7%) I