Sysgration Ltd. · TPEX:5309

Sysgration — Sysgration Investor Conference 2022

36 slides from Sysgration's conference presentation, Mar 22, 2022

1. Slide 1: Sysgration Ltd. Investor Conference

   法人說明會 Sysgration Ltd. (5309) 3/22/2022 Investor Relationship: Angel Dai sys5309@sysgration.com Sysgration Confidential 1 http://www.sysgration.com +886(2)2790-0088 2022/3/22

2. Slide 2: Outline

   01 經營策略方向 Mark Lee 02 2021營運績效摘要 Sam Lee Outline 03 營運成長動力 Sam Lee 04 Q&A Sysgration Confidential 2 http://www.sysgration.com 2022/3/22

3. Slide 3: 經營策略方向

   經營策略方向 Sysgration Confidential 3 http://www.sysgration.com 2022/3/22

4. Slide 4: 企業核心價值 Core Values

   企業核心價值 感 1 INTEGRITY 誠信 知 Exhibit Honesty and Ethicality at all time 感 CORE 2 PASSION 熱情 動 Fuels our work and guides what we do Core Values VALUES 感 Dedicated to the success of 3 COMMITMENT 合作 恩 our customers, employee and shareholders 感 4 INNOVATION 創新 性 That makes a difference Sysgration Confident

5. Slide 5: 營運方向與技術優勢

   營運方向與技術優勢 車用工業電子應用 能源儲能管理應用 Automotive Solutions Power and Energy Management 電動車 Electric Vehicle 1 儲能系統 Energy Storage System Tire Pressure 1. TPMS CAGR >9% 2. Expected 6 million EVs 3 1. ESS CAGR >45% Monitoring Systems in 2021 2. Global Power Shortage EV 3. Renewable Low Carbon 3. Bluetooth Paten

6. Slide 6: 全球電動車成長趨勢

   全球電動車成長趨勢 Millions Global Passenger Car Sales EV % 90.0 100.0% Data Source: https://canalys.com/newsroom/canalys-global-electric-vehicle-sales-2020 80.0 90.0% 70.0 80.0% 70.0% 60.0 60.0% 50.0 50.0% 40.0 40.0% 30.0 30.0% 20.0 20.0% 10.0 10.0% - 0.0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2

7. Slide 7: 工業車聯網應用

   工業車聯網應用 車身控制器 強固車用電腦 Body Control Module(BCM) Rugged Vehicle Terminal Vehicle Gateway 全地形車 CAGR: 16.83% 建設機械 CAGR: 4.2% Off Road ATV/UTV Construction Equipment 無線車用鏡頭 強固平板 Vehicle Surveillance Mobile Device Terminal ADAS System 卡車/車隊管理 CAGR: 15% Truck/Long Haul Truck 精準農業 CAGR: 13.1% 露營車 Fleet Manag

8. Slide 8: 元宇宙趨勢商機

   元宇宙趨勢商機 Millions 4.5 4 3.9 3.5 3 Remote Mentor 2.5 2.11 2 1.5 Document Navigation 0.96 1 0.5 0.41 0.17 0.25 0 2019 2020 2021 2022 2023 2024 IIoT Visualization Source: Statista 2021 Sysgration Confidential 8 http://www.sysgration.com 2022/3/22

9. Slide 9: 全球儲能市場成長趨勢

   全球儲能市場成長趨勢 GWh 不斷電系統 250 UPS ESS 200 150 100 分散式儲能 Distributed 50 ESS 0 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Before Meter After Meter Industrial After Meter Residential 2020 2021 2025 2030 10GWh 25GWh 70GWh 200GWh 貨櫃式儲能 Source: Statista InfoLink Container ESS Sysgration Confidentia

10. Slide 10: 低軌道衛星通訊趨勢

    低軌道衛星通訊趨勢 SpaceX Starlink OneWeb Telesat Lightspeed Amazon Project Kuiper Launched 1,445 146 1 0 Planned 12,000 (FCC Approved) 2,000 1,600 3,236 30,000 (Pending) Service Start 2020 2021 2023 2026 Orbit (Frequency) 560 km (Ku-band) 1,200 km (Ku-band) 1,000 km (Ka-band) 590-630 km (Ka-band) Required C

11. Slide 11: 2021 營運績效摘要

    2021 營運績效摘要 Sysgration Confidential 11 http://www.sysgration.com 2022/3/22

12. Slide 12: 2021 年營運成果

    2021 年營運成果 NT$ K 2021 年度/季度 第一季 第二季 第三季 第四季 合計 項目 金額 % 金額 % 金額 % 金額 % 金額 % 營業收入 490,457 100.0 590,482 100.0 678,466 100.0 695,273 100.0 2,454,678 100.0 營業成本 402,973 82.2 486,481 82.4 551,402 81.3 525,297 75.6 1,966,153 80.1 營業毛利 87,484 17.8 104,001 17.6 127,064 18.7 169,976 24.4 488,525 19.9 營業費用 86

13. Slide 13: 營業收入 Quarterly Revenue

    營業收入 NT$ K YOY % Historical High 800,000 140 Quarterly Revenue 118.77 678,466 695,273 700,000 120 590,482 600,000 100 490,457 86.20 500,000 80 407,835 72.35 70.48 400,000 364,373 341,958 60 300,000 284,571 269,912 264,828 220,692 214,806 37.59 40 200,000 28.94 19.26 100,000 25.65 20 - 0 2019Q1 2019Q

14. Slide 14: 營業毛利 Quarterly Gross Margin

    營業毛利 NT$ K % 180,000 Quarterly Gross Margin and Margin Rate 30.0 169,976 160,000 24.4 25.0 140,000 21.7 19.7 17.6 127,064 120,000 18.4 18.8 20.0 17.3 17.8 104,001 18.7 100,000 87,484 79,032 80,472 15.0 80,000 10.2 60,000 8.2 52,374 50,821 10.0 37,178 40,000 22,566 21,809 3.7 5.0 20,000 12,815 - - 20

15. Slide 15: 營業費用 Quarterly OPEX

    營業費用 NT$ K % 160,000 Quarterly OPEX and Ratio Over Revenue 60.0% 138,536 140,000 127,968 50.0% 49.2% 42.4% 120,000 42.8% 112,310 105,608 40.5% 98,208 40.0% 100,000 94,496 95,191 95,597 94,668 35.3% 90,195 86,731 34.5% 80,949 80,000 30.0% 22.2% 60,000 22.1% 17.7% 20.0% 16.2% 18.4% 40,000 14.0% 10.0%

16. Slide 16: 研發費用 RD Expenses

    研發費用 NT$ K % RD Expenses and Ratio over Revenue 200,000 189,409 20.00% 180,000 155,444 160,627 160,000 15.00% 140,000 128,953 14.91% 120,000 111,747 12.11% 100,000 10.00% 80,000 8.84% 60,000 7.35% 7.72% 5.00% 40,000 20,000 - 0.00% 2017 2018 2019 2020 2021 Sysgration Confidential 16 http://www.sysgra

17. Slide 17: 稅息折舊及攤銷前利潤 EBITDA

    稅息折舊及攤銷前利潤 EBITDA NT$ K Quarterly EBITDA & Ratio over Revenue % 80,000 69,217 15.00% 60,894 9.96% 60,000 10.00% 31,774 8.98% 34,551 40,000 4.02% 7.04% 5.38% 5.00% 20,000 14,664 1.82% 7,435 0.00% 0 -6.39% -5.05% -5.00% (20,000) (13,630) (18,185) (25,535) (28,322) -10.00% (40,000) (37,135) -11.57% -14

18. Slide 18: 稅後淨利 Quarterly Profit After Tax

    稅後淨利 NT$ K Quarterly Profit (Loss) After Tax 60,000 45,106 40,000 33,845 20,000 9,717 6,679 0 (6,793) (20,000) (15,430) (40,000) (39,661) (36,431) (60,000) (54,735) (59,229) (64,373) (80,000) (100,000) (106,422) (120,000) 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2

19. Slide 19: 每股盈餘 Quarterly EPS

    每股盈餘 NT$ / Share Quarterly EPS 0.40 0.29 0.22 0.20 0.06 0.04 0.00 (0.04) (0.10) (0.20) (0.26) (0.24) (0.40) (0.36) (0.39) (0.43) (0.60) (0.70) (0.80) 2019Q1 2019Q2 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 Sysgration Confidential 19 http://www.sysgration.com 2022/3/22

20. Slide 20: 近三年EPS

    近三年EPS NT$ / Share 2019 – 2021 EPS 1.00 0.62 0.50 0.00 (0.50) (0.64) (1.00) (1.50) (2.00) (1.88) (2.50) 2019 2020 2021 Sysgration Confidential 20 http://www.sysgration.com 2022/3/22

21. Slide 21: 負債比 Debt Ratio

    負債比 % Debt Ratio 70.00% 58.44% 60.00% 51.06% 50.00% 40.00% 35.53% 30.00% 2020/10 NT$500M 20.00% Convertible Bond 10.00% 0.00% 2019 2020 2021 Sysgration Confidential 21 http://www.sysgration.com 2022/3/22

22. Slide 22: 近三年營運趨勢

    近三年營運趨勢 NT$ K 85% YOY 2,500,000 2,454,678 2019 -2021 P/L Result 2,000,000 27% YOY 1,500,000 1,326,691 1,042,284 1,000,000 86% YOY 178% YOY 488,525 500,000 262,699 94,368 95,347 0 2019 2020 2021 2019 2020 2021 (98,315) (500,000) (284,759) Historical High 2019 2020 2021 (1,000,000) 營收 營業收入 Revenue 毛利營

23. Slide 23: 營運成長動力

    營運成長動力 Sysgration Confidential 23 http://www.sysgration.com 2022/3/22

24. Slide 24: 系統電子綜觀

    系統電子綜觀 1977 500+ 40+ 4 5309 Founded Worldwide Years Locations TW Stock Employees Design & Taiwan - Taipie/NanKang Publicly Trade Manufacturing China - Huizhou/ZhenJiang Capital: NT$1.5 B Service Experiences Market Value NT$6.5 B • Sysgration • TS-16949 Certificated • Rear-Seat • BLE TPMS ODM for • U

25. Slide 25: 經營市場與主要產品

    經營市場與主要產品 車用電子 能源管理 Automotive Solutions Power and Energy Management Rugged Head-Mount Tire Pressure AR Device Wireless Camera Li-Ion Battery Pack Monitoring Systems Li-Ion Based Around-View System for Semiconductor Fab Energy Storage Systems Infotainment System EV Battery Pack Body Control Module I

26. Slide 26: 系統電子高價值差異化創新

    系統電子高價值差異化創新 WW 2nd WW 1st & #1 WW 1st Multi-Band Universal RF TPMS BLE TPMS Tri-Band TPMS Internal TPMS External TPMS Tire Mounted Sensor (TMS) Voice Display Voice Truck Trigger Tool Receiver Receiver Repeater for Truck Sysgration Confidential 26 http://www.sysgration.com 2022/3/22

27. Slide 27: 全球胎壓偵測器法規與需求

    全球胎壓偵測器法規與需求 Country Car Sales Subtotal TPMS Legislation China 25,769,000 O USA 17,038,617 O Canada 1,928,468 O Germany 3,905,597 56,092,077 O Annual 300M Pcs OE Demands France 2,677,830 O plus 100M Aftermarket Demands UK 2,676,885 O Italy 2,095,680 O Japan 5,119,652 X India 3,464,125 11,247,347 X B

28. Slide 28: 全球電動車成長趨勢

    全球電動車成長趨勢 Millions Global Passenger Car Sales EV % 90.0 100.0% Data Source: https://canalys.com/newsroom/canalys-global-electric-vehicle-sales-2020 80.0 90.0% 70.0 80.0% 70.0% 60.0 60.0% 50.0 50.0% 40.0 40.0% 30.0 30.0% 20.0 20.0% 10.0 10.0% - 0.0% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2

29. Slide 29: 工業車聯網應用

    工業車聯網應用 車身控制器 強固車用電腦 Body Control Module(BCM) Rugged Vehicle Terminal Vehicle Gateway 全地形車 CAGR: 16.83% 建設機械 CAGR: 4.2% Off Road ATV/UTV Construction Equipment 無線車用鏡頭 強固平板 Vehicle Surveillance Mobile Device Terminal ADAS System 卡車/車隊管理 CAGR: 15% Truck/Long Haul Truck 精準農業 CAGR: 13.1% 露營車 Fleet Manag

30. Slide 30: 元宇宙應用和市場

    元宇宙應用和市場 石化 物流倉儲 Petrochemical Logistic & Warehousing 遠程協作 Remote Assist 視覺檢貨 Vision Picking 醫療 能源 Medical Energy 擴增實境作業書 AR SOP 遠距醫療 Telehealth 電信業者 智慧製造 Telecom Smart Manufacturing Sysgration Confidential 30 http://www.sysgration.com 2022/3/22

31. Slide 31: 鋰電相較鉛酸之優勢

    鋰電相較鉛酸之優勢 ◆ 更環保 ◆ 減少有害物質 ◆ 更高的能量密度 ◆ 更高的功率密度 ◆ 體積更小 ◆ 更長的生命週期 ◆ 降低維護成本 ◆ 降低空調成本 Sysgration Confidential 31 http://www.sysgration.com 2022/3/22

32. Slide 32: 儲能市場區隔

    儲能市場區隔 電網側 調頻服務 需量反映 削峰填谷 Before Meter AFC FRR Time Shift Grid Level 電 用電大戶 網 工商錶後 不斷電 After Meter Load Management 風/光儲能 位 UPS 階 Industry Peak Shaving 家用錶後 After Meter 家用儲能 Residential 動力 混合 能量 電池性能 Power Type Hybrid Type Energy Type Battery Performance Sysgration Confidential 32 http://www.sysgrati

33. Slide 33: 儲能產品

    儲能產品 UPS 不斷電系統 • 停電時可立即供電5~30分鐘，避免設備造 成損害 • 適用於半導體廠 • 穩定電源供電 分散式儲能 200度電 / 100KW • 提供十戶家庭二小時用電 • 取代柴油發電機, 緊急供電 • 免保養, 無須儲存柴油 • 無噪音, 無空污 • 夜間離峰充電, 舒緩用電 貨櫃式儲能 500~3000度電 • 適用於大型案廠儲能二小時用電 • 提供消峰填谷、降低契約容量及節電等效益 Sysgration Confidential 33 http://www.sysgration.com 2022/3/22

34. Slide 34: 系統電結論及展望

    系統電結論及展望 ◆俄烏戰爭對系統電營運暫無重大影響 Customers’ ◆產業前景展望 Satisfaction 1. 電動車TPMS市場需求強勁 Stakeholders’ Benefits 2. 半導體廠設備鋰鐵電池為綠能趨勢 3. 農耕機強固型工業電腦動能持續成長 Value Environment Differentiations Friendly ◆產能持續擴充、營運獲利逐季增長 Human Life Global Enhancement Sustainability ◆強化ESG公司治理、儲能碳中和政策 Sysgration integrates sustainability

35. Slide 35: Q&A

    Q&A Sysgration Confidential 35 http://www.sysgration.com 2022/3/22

36. Slide 36: Thank You

    Thank You Sysgration Confidential 36 http://www.sysgration.com 2022/3/22

Sysgration — Sysgration Investor Conference 2022 on 6ix