Innolux Corp. · TWSE:3481
Innolux — Investor Presentation (August 2026)
18 slides from Innolux's investor presentation, Aug 18, 2026
Slide 1: 2026 Second Half Institutional Investor Conference
2026 Second Half Institutional Investor Conference August 18, 2026
Slide 2: Disclaimer
Disclaimer Innolux Corporation’s statements of its current expectations and estimates are forward-looking statements subject to significant known and unknown risks and uncertainties and actual results may differ materially from those contained or implied in the forward-looking statements. These forw
Slide 3: Agenda
Agenda Market Overview Corporate Strategies Financial Results Q&A 2
Slide 4: Executive Summary
Executive Summary Market Outlook • DISPLAY business continue to be affected by consumer sentiment and component cost hikes • NON-DISPLAY business grows steadily Market Consensus- Stable EPS • Market consensus for Innolux earning estimates (EPS NT$) remain positive throughout FY 2026 to FY 2028 3
Slide 5: Key Product Application Highlights
Key Product Application Highlights TV Monitor • TV panel shipment area grows while •High-end gaming and OLED models are the volume declines, as China makers leverage key pillars supporting shipment momentum High-gen lines for larger-size products •Higher component costs inflate retail prices, • Enfo
Slide 6: Key Product Application Highlights
Key Product Application Highlights Notebook Non-commodity (Industrial) •Brands built defensive inventories and •Edge AI drives surging demand in industrial, consumers bought in early in H1 to hedge healthcare, avionics, and marine sectors, against the expected component shortage, boosting high-margi
Slide 7: Agenda
Agenda Market Overview Corporate Strategies Financial Results Q&A 6
Slide 8: Long-Term Strategy to Create Shareholder Value
Long-Term Strategy to Create Shareholder Value Maximize Shareholder Return Increasing ROE & Capital High-Margin Allocation Agile Business Competitive Product Mix Return Core Fabs Profitability Capacity Lean Capex Facility Optimized Capacity Supply Chain Optimal Converg Management Asset ence Utilizat
Slide 9: Approaches to Increase ROE
Approaches to Increase ROE ROE 1 to 3 Years > 3 Years Growth driver: Increase high-margin business High-margin business with high entry barrier revenue contribution • Diversification for NON-COMMODITY SEMICONDUCTOR • Strategic margin expansion within COMMODITY • Bigger contribution of NON-DISPLAY Sm
Slide 10: Advanced IC packaging transformation strategy TGV (Through-Glass-Via)
Advanced IC packaging transformation strategy TGV(Through-Glass-Via) Key strategic focus: Glass core substrate (Glass Part) Glass core Substrate Glass core with Metallization TGV & Metal RDL-First Process Mature Chip-First Fine-Pitch Combined structure as Connections substrate for high-end packagi
Slide 11: Advanced Package Cooling & Warpage Comparison
Advanced Package Cooling & Warpage Comparison PROCESS Flip-Chip with ABF substrate RDL-First Package Molding Exposed DIE Molding Compound (Thinned) DIE DIE ABF Substrate RDL Bumps Cooling Efficiency : Poor Cooling Efficiency : Excellent DIE DIE Direct THIN CLOTHING Thermal path Heat trapped by moldi
Slide 12: Glass Core Substrate —Enhanced Power Delivery Performance per Unit Area
Glass Core Substrate —Enhanced Power Delivery Performance per Unit Area PROCESS Organic Substrate (Current) Glass Substrate (Next-Gen) DIE DIE Glass Substrate Organic Substrate Current industry-standard material Emerging alternative material Risk of Warpage Mechanical Benefits Electrical Benefits Fl
Slide 13: FOPLP and GSP Market Growth & Key Drivers
FOPLP and GSP (Glass Substrate Packaging) Market Growth & Key Drivers Key growth drivers $8 AI & HPC applications Billion Largest contributors to market growth 45.6% of total FOPLP market revenue by 2030 Market Revenue (USD) AI accelerator adoption Increasing demand from AI accelerators & $ 65
Slide 14: Agenda
Agenda Market Overview Corporate Strategies Financial Results Q&A 13
Slide 15: Operation Performance by Domain
Operation Performance by Domain Revenue share by domain Gross margin by domain 100% 24% Revenue 25% 26% Average GM 31% (NT$ million) 80% 42% Product Type 8% 12% 16% 1H26 % share 1H26 60% 16% 13% 40% Non-display 54,746 42% 11-15% 68% 63% 57% 53% 20% 45% Non-commodity 17,215 13% 16-20% 0% Commodity 58
Slide 16: Statements of Comprehensive Income Highlights
Statements of Comprehensive Income Highlights (NT$ million) 2Q 2026 1Q 2026 QoQ % 2Q 2025 Net Sales 63,700 100.0% 66,645 100.0% -4.4% 56,231 100.0% Cost of Goods Sold 54,424 85.4% 57,026 85.6% -4.6% 51,519 91.6% Gross Profit 9,275 14.6% 9,619 14.4% -3.6% 4,712 8.4% Operating Expenses 7,642 12.0% 8,1
Slide 17: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights (NT$ million) 2026.6.30 2026.3.31 2025.6.30 Cash & Short Term Investment 84,408 58,552 39,280 Inventory 46,883 46,701 37,549 Total Assets 402,705 387,254 317,451 (1) Short Term Debt 34,452 33,378 18,259 Long Term Debt 26,558 18,391 3,974 (2) Total Equity 227,430
Slide 18: INNOLUX
INNOLUX 17