Slide 1: Beautify the World with AI Innovations
Beautiful AI Beautify the World with AI Innovations Company Presentation Q1 2025 |1
Slide 2: Disclaimer
Disclaimer This presentation (the “Presentation”) has been prepared by Perfect Corp. (“Perfect”). The information contained in this Presentation is in summary form and does not purport to be complete. This Presentation has been prepared without taking into account the objectives or particular requir
Slide 3: Perfect Corp.
Perfect Corp. #1 Beauty & Fashion Tech SaaS Company That Makes Your World Beautiful VISION Transform the world with AI Innovations MISSION • Empower individuals to create amazing photo & videos with the power of AI technologies • Help brands solve pain points with a modern optimized shopping experie
Slide 4: Perfect's Path To Becoming the Leader in Beauty & Fashion AR & AI
Perfect’s Path To Becoming the Leader in Beauty & Fashion AR & AI In 10 years, we have partnered with over 801 brands1 and grown to offer over 891K SKUs1 for try-on at our Beauty, Skincare, Shoes, Jewellery, and Fashion SaaS platform. 801 666 Number of Brands 525 435 398 320 274 210 139 40 73 2015 2
Slide 5: Perfect Corp. Global Footprint
Perfect Corp. Global Footprint Global presence across all major beauty/fashion markets Headquartered in Taipei and Global Offices in New York, Paris, Tokyo, Lithuania and Shanghai Lithuania, LTU Paris, FR Operational in 11 Cities in over 9 San Jose, US New York, US Porto, PRT Shanghai, CN Tokyo, JP
Slide 6: Perfect's Leadership Team
Perfect’s Leadership Team Seasoned management team working together for over a decade Alice Chang Louis Chen Johnny Tseng Wayne Liu Iris Chen Founder, CEO EVP and CSO SVP and CTO President of Americas & VP of Finance & Accounting CGO ▪ CEO of CyberLink from ▪ 20+ years with ▪ 25+ years with ▪ 13+ ye
Slide 7: Perfect's Advisory Board
Perfect’s Advisory Board Professional advisory team to share industry insights and exchange thoughts on the market Adrien Jacques Geiger Kay Durairaj, MD, FACS CEO Facial Plastic Surgeon L'Occitane en Provence Beauty by Dr. Kay Angelica Ramos Munson Steven R. Feldman, MD, PhD Professor of Dermatolog
Slide 8: Pillars that Meet Consumer & Brands Demands
is a company 4 Pillars that Meets Consumer & Brands Demands |8
Slide 9: Perfect's Beautiful AI – the Fusion of Beauty & AI
Perfect’s Beautiful AI – the Fusion of Beauty & AI Perfect has an unique business model that allows us to utilize the identical technology to serve both enterprises (2B) & consumers (2C). By testing products in retail market, we gather valuable feedbacks to optimize product offerings and provide ins
Slide 10: Perfect Completes Acquisition of Wanna from Farfetch
Perfect Completes Acquisition of Wanna from Farfetch (Jan. 7, 2025) A Strategic acquisition of Wanna makes Perfect Corp. group as the only AR/AI VTO solution provider with complete solutions for Beauty & Fashion in the market. With full range from makeup, watch, jewelry, shoe, bag, scarves and cloth
Slide 11: A Strategic Merger with WANNA
11 A Strategic Merger with WANNA: Elevating Beauty & Fashion Virtual Try-On to Unmatched Excellence Global leader in beauty & fashion tech solutions Pioneer in Fashion & Accessories Try-On AR Makeup & Jewelry AI Skin Analyzer AR Eyewear AR Shoes AR Clothing AR Necklace AR Scarf AR Bag AR Watch & Jew
Slide 12: AI/AR Technologies
AI/AR Technologies | 12
Slide 13: Perfect Corp.'s AI Innovation Journey
Perfect Corp.'s AI Innovation Journey AI GAN & Deep Gen-AI Diffusion Large Language Task-Based AI for Learning Model & GPT Beauty & Fashion Perfect Corp. combined Generative Perfect Corp. began vast experiments to Perfect Corp.’s PerfectGPT framework Perfect expanded its AI ecosystem with task- Adve
Slide 14: Data Empowers Our Advanced Beauty Tech and Innovates Product R&D
Data Empowers Our Advanced Beauty Tech and Innovates Product R&D 3,900 -point 20+ Real-time facial 3D live meshes backed by visual computing Makeup textures 6 10m+ Jewellery texture mappings to Training data sets across deliver highly realistic material all ethnicities for AI deep learning reflectio
Slide 15: Enterprise B2B Solutions
Enterprise B2B Solutions | 15
Slide 16: From Physical Trials to Virtual Try-On (VTO)
From Physical Trials (Try Before You Buy) to Virtual Try-On (VTO) In the world of beauty, more product trials bring more sales. Thus, brands make enormous efforts to encourage trials. Obstacles Preventing Users from more Physical Trials Physical Trials are Time Consuming Sanitary Concerns Tester Ava
Slide 17: Beauty 3.0 → AI + AR for Full Category Experience
Beauty 3.0 → AI + AR for Full Category Experience Beauty 3.0 AI + AR Beauty VTO Skin Analysis Fashion, Watch, Jewellery Personalization Recommendation | 17 | 17
Slide 18: Complete AI Beauty Solutions (Makeup, Face, Hair, and Body)
18 Complete AI Beauty Solutions (Makeup, Face, Hair, and Body) AI Makeup AI Face AI Hair AI Body Solutions Solutions Solutions Solutions ▪ AI Makeup VTO ▪ AI Face Attributes VTO Solutions AI Analysis Solutions [NEW] ▪ AI Body Reshape ▪ AI Makeup Transfer ▪ AI Face Shade ▪ Hair Color VTO ▪ Hair Type
Slide 19: The Rise of Skin Opportunities
The Rise of Skin Opportunities Product Sales & Marketing ▪ AAAA ▪ AAAA Skin Diagnosis Aesthetic Beauty ▪ Consumers spending more on Skincare ▪ The Aesthetic Beauty Market is booming products and services than ever! with younger consumer visits ▪ Brands/Retailer prioritizing Skincare ▪ Effective Skin
Slide 20: AI Skin Solutions (Unique HD & Live Camera Analysis)
20 AI Skin Solutions (Unique HD & Live Camera Analysis) 3D Face Model 3D reconstruction algorithm, without HW aids AI Skin AI Skin (Skincare Pro) Enterprise Solution for Clinics & Aesthetics ▪ HD Skin Analysis ▪ HD Skin Analysis ▪ Live Camera Skin Analysis ▪ Cloud base CRM ▪ Skincare Simulation (bef
Slide 21: Unique AI Skin Diagnosis with HD Capabilities Attracted Med Spa & Clinics
Unique AI Skin Diagnosis with HD Capabilities Attracted Med Spa & Clinics The AI skin diagnostic tool utilizes deep learning technology to provide users with real-time and high definition skin analysis by simply using an iPad/iPhone. This solution has achieved reliable test results for dermatology p
Slide 22: Fashion AI Solutions for Jewelleries and Watches
Fashion AI Solutions for Jewelleries and Watches Unique 2D-3D and high polygon 3D virtual try-ons to elevate online luxury shopping experiences for jewelry and watch brands Earrings Watches Glasses Rings Bracelets Mix & Match Stacking Set Please refer to Perfect’s website for more information: https
Slide 23: B2C Consumer Apps
B2C Consumer Apps | 23
Slide 24: YouCam Mobile Apps
YouCam Mobile Apps Beautiful AI Technology Contributes to Aesthetic Beauty and Self-Confidence with Gen AI features for photo, video, and camera users. #1 AR Makeover Powerful Selfie #1 Makeup Dynamic Image Versatile AI Art Smart Online AI All-in-One AI App Camera Editor Video App Enhancer Generator
Slide 25: YouCam Makeup – Your Personal AI Makeup Artists and Selfie Editor
YouCam Makeup – Your Personal AI Makeup Artists and Selfie Editor VTO for lipstick, eye makeup, Easily beautify photos Try more than 20 Try 100+ hair colors and Refine facial features to Easily enhance selected contour, foundation, and blush, and automatically remove hairstyles with the AI trendy ha
Slide 26: YouCam Perfect – All-in-One Photo Editing App Powered by AI
YouCam Perfect – All-in-One Photo Editing App Powered by AI Easily beautify, enhance, and Use AI to easily erase Try popular photo effects Easily enhance selected Turn portraits into stunning Add AI Selfie filters in edit photos and videos to unwanted items in like vintage filters, body areas while
Slide 27: AI Makeup Transfer
AI Makeup Transfer Recreate desired makeup look from one image, now supports eyes, face, and lip makeup Reference AI Transferred Reference AI Transferred Original Reference AI Transferred Reference AI Transferred 1 Please note that results generated by generative AI may vary, depending on the traini
Slide 28: YouCam Video Generative AI for Video and Photo
YouCam Video Generative AI for Video and Photo AI Video Enhancer AI Image to Video AI Video Photo Face Swap ▪ Upscale and Boost ▪ Make Stunning AI Videos ▪ Photo Face Swap Video Quality from One Photo ▪ Video Face Swap ▪ Powerful AI Video ▪ Advanced Algorithms, ▪ Multiple Face Swap Enhancement Text
Slide 29: YouCam Online Editor for Image Enhancement and Creation
YouCam Online Editor for Image Enhancement and Creation ▪ AAAA ▪ AAAA AI Image Extender AI Portrait Generator ▪ Unleash infinite imagination with ▪ Fashion-forward glamour AI portraits seamless image expansion ▪ Animal companion portraits ▪ Customize your photos with versatile ▪ Wedding bliss transf
Slide 30: Financial Highlights & Key Metrics
Financial Highlights & Key Metrics | 30
Slide 31: Strong Organic Growth and Highly Scalable Cost Structure
Strong Organic Growth and Highly Scalable Cost Structure ($ in USD millions) Revenue Gross Profit & Margin 86% 85% 81% 12.5% 78% 78% 78% FY24 YoY % 82% FY21-24 Avg GP % 47 60 43 54 40 47 35 12.1% 41 YoY growth 16 12 14 11 FY21 FY22 FY23 FY24 1Q'24 1Q'25 FY21 FY22 FY23 FY24 1Q'24 1Q'25 Gross Profit S
Slide 32: Positive Operating Cash Flow and Strong Balance Sheet Position
Perfect’s Positive Operating Cash Flow and Strong Balance Sheet Position The Company had a positive operating cash flow of $4.3 million in the first quarter of 2025. The positive operating cash flow demonstrated the company's ability to generate sufficient cash flow to support business operations. E
Slide 33: Solid & Stable Growth in Profitability
Solid & Stable Growth in Profitability ($ in USD millions) Adjusted Net Income1 & Its Margin 8.3 7.0 5.4 13.1% 13.8% 12.6% 11.3% 10.6% 2.0 1.5 -6.7% Adjusted Net Income (2.7) Adjusted Net Income Margin (%) 2021 2022 2023 2024 1Q'24 1Q'25 1 Adjustments include one-time and non-recurring items as well
Slide 34: Business Outlook for 2025
Business Outlook for 20251 ($ in USD millions) • Taking into account the recent advancements of Revenue products powered by AI and AR technology, the growing demand for our enterprise SaaS solutions, 13-14.5% and the strong momentum in the mobile beauty app Estimated 12.5% YoY growth subscription bu
Slide 35: Perfect's Q1 2025 Financial Performance
Perfect’s Q1 2025 Financial Performance • Total Q1 Revenue was $16.0 million, compared to $14.3 million in the same period of 2024, +12.1% YoY. • AR/AI cloud solutions and subscription revenue was $14.1 million, compared to $12.4 million in Q1’24, +13.3% YoY. • Licensing revenue was $1.6 million, co
Slide 36: Mobile Beauty App Business Has Been Growing Strong
Perfect’s Mobile Beauty App Business Has Been Growing Strong In the first quarter, active subscribers increased by 7.9% from the same period last year! 7.9% YoY Growth 1000 K 900 K 800 K 700 K 600 K 500 K 400 K 300 K 200 K 100 K K Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'
Slide 37: Scalable SaaS Business Model with Continued Expansion in Brands and SKUs
Perfect’s Scalable SaaS Business Model with Continued Expansion in Brands and SKUs Number of Brands by Quarter SKUs* by Quarter CAGR of 23% CAGR of 27% 801 891 732 708 686 806 822 666 775 627 645 745 601 704 679 655 509 525 591 483 556 463 434 448 510 517 405 473 377 439 355 411 329 388 289 347 243
Slide 38: Multiple Avenues To Drive Growth
Multiple Avenues To Drive Growth We see significant growth opportunities from existing brands, new brands, new verticals, as well as from new Gen AI features launched in mobile app and synergistic M&A. Deepen Penetration Expand Into Skincare AI Penetrate to Fashion Innovate Premium Pursue Within Top
Slide 39: Key Partnership
Key Partnership | 39
Slide 40: Perfect Forms Strategic Partnerships With World Class Tech Giants
Perfect Forms Strategic Partnerships With World Class Tech Giants This creates truly omnichannel support for our clients. Global Tech Giants Asian Tech Giants #1 Search #1 Video One of the Most- #1 Mobile #1 Social & Digital #1 Video Social Engine Platform used Camera E-commerce Payment Platform Pla
Slide 41: 360° Beauty Tech Solutions Support Optimized Omnichannel Strategies
Perfect’s 360° Beauty Tech Solutions Support Optimized Omnichannel Strategies Whether online or offline, we are where our clients need us. Physical Stores E-commerce 360° Approach Shoppertainment Social Media | 41 | 41
Slide 42: Perfect's Proven Track Record in Supporting Client Success
Perfect’s Proven Track Record in Supporting Client Success We help drive brands’ sales, conversion, and customer engagement. Brand Perfect Solution Used ROI Improvement Customer Testimonials “Now this [high -touch] experience has been enabled by high Live AR Training for tech AI and AR to create a m
Slide 43: Perfect's ESG Commitment
Perfect’s ESG Commitment | 43
Slide 44: Perfect Is Green Tech & an ESG Facilitator
Perfect Is Green Tech & an ESG Facilitator Consumers’ growing awareness of sustainability will further accelerate brands’ adoption of AR & AI, creating stronger tailwinds for Perfect. Everyone can benefit from Beauty AR & AI Technology Support the industry in furthering Industry sustainable beauty a
Slide 45: ESG Story of Kao
ESG Story of How Kao leveraged Perfect’s beauty tech to achieve amazing ESG results! Perfect has helped Kao to become more sustainable KAO’s ESG Achievements by the Numbers: ◼ 56 Tons Reduces Plastic Waste per Year ◼ 1 Million Simulations per Week ◼ 22 Try-ons per Visitor Scan Barcode to Try It Your
Slide 46: The AI & AR powerhouse helping beauty & fashion brands
The AI & AR powerhouse helping beauty & fashion brands to achieve successful digital transformation | 46 | 46