Slide 1: Elite Material Co., Ltd.
1 Elite Material Co., Ltd. Global Leader of High-end Eco-friendly Laminates Presentation May, 2025
Slide 2: Disclaimer
2 Disclaimer This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. The actual results of operations, financial condition, and business prosp
Slide 3: Agenda
3 Agenda A. 1Q25 Financial Results P.4 B. Lead over Competition Expanding P. 8 C. EMC Advantages for Growth P.10 Technology Scale / Geo-diversity D. Q&A P.13 Page 3
Slide 4: 1Q Results -- Statement of Comprehensive Income
4 1Q Results -- Statement of Comprehensive Income Unit: NT$ million 1Q25 4Q24 1Q24 QoQ YoY Revenue 21,680 18,562 12,902 16.8% 68.0% Gross profit 6,590 5,281 3,738 24.8% 76.3% Operating profit 4,540 3,525 2,536 28.8% 79.0% Income before tax 4,667 3,370 2,614 38.5% 78.6% Tax expenses (1,200) (726) (63
Slide 5: 1Q Results -- Balance Sheets & Key Indices
5 1Q Results -- Balance Sheets & Key Indices Unit: NT$ million 1Q25 4Q24 1Q24 Amount % Amount % Amount % Cash & Equivalent 18,427 21.1% 14,988 19.7% 12,625 21.3% A/R+N/R 30,239 34.6% 25,897 34.0% 17,963 30.3% Inv 10,558 12.1% 9,437 12.4% 6,668 11.2% PPE 23,842 27.3% 21,387 28.1% 17,838 30.1% Total A
Slide 6: 1Q Results -- Revenue by Platform
6 1Q Results -- Revenue by Platform Strong growth in Infra reflects share gains in high end segments +99% Growth Rate by Platform (QoQ) Growth Rate by Platform (YoY) 30% +23% +28% 16% +1% Infrastructure Mobile Device A & I & Others Infrastructure Mobile Device A & I & Others Page 6
Slide 7: Lead over Competition Expanding
7 Lead over Competition Expanding EMC Q1 revenue 55% higher than peers combined (vs. 22% year ago) NT$ billion 25 21.7 20 55% 15 13.9 12.9 22% 10.6 10 5 0 1Q24 2Q24 3Q24 4Q24 1Q25 EMC TW1+TW2 Page 7
Slide 8: Lead over Competition Expanding
8 Lead over Competition Expanding EMC reached #1 in high speed in 2023 and share is still growing • Global No. 1 - mSAP, HDI, Halogen-Free laminate provider. • Global No. 1 – High-Speed Laminate provider. 8 Page 8
Slide 9: Lead over Competition Expanding: High-end CCL market
9 Lead over Competition Expanding High-end CCL (HDI & High-Speed/ Frequency) • High-end CCL market grows at 28% CAGR (2024-2027) • Overall CCL market grows at 12% CAGR (2024-2027) • EMC expects to outgrow high-end CCL market Overall CCL Market High-end CCL Market Source: Goldman Sachs Global Investm
Slide 10: EMC Advantages: Technology Differentiator - HDI
10 EMC Advantages Technology Differentiator - HDI E M C C o n f i HDI Anylayer HDI mSAP HDI* IC d e EMC Substrate n t 1997 2010 2017 2020 i a l Japan Competitors HDI Anylayer HDI mSAP HDI IC Substrate Taiwan Competitors HDI China Competitors HDI * The only mSAP and substrate material maker from outs
Slide 11: EMC Advantages: Scale & Geo-Diversity
11 EMC Advantages Scale & Geo-Diversity 11 Page 11
Slide 12: The Corporate Social Responsibility Report
12 The Corporate Social Responsibility Report Page 12 12
Slide 13: Q&A
13 Q&A Page 13