Visco Vision Inc. · TWSE:6782
Visco Vision — Visco Vision Inc. Pre-listing Investor Conference (October 2022)
27 slides from Visco Vision's conference presentation, Oct 26, 2022
Slide 1: Visco Vision Inc. Investor Conference
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Slide 3: Agenda
i 4. Visco Competitiveness 5. Next Steps 6. Conclusion
Slide 4: 1. Visco Vision Introduction
1. Visco Vision Introduction | Visco Vision briefing | Milestones |Group Structure
Slide 5: Positioning: The Silicone Hydrogel Expert
Positioning : The Silicone Hydrogel Expert Capital :NTD547Million . Capacity > 33Million pieces per month Employees : 1,071A (bysep. 2022) (Taiwan: 112, Malaysia: 934, Japan: 22, China: 3) PQs G+ of=_4
Slide 6: Milestones
• • • • • • • • debut of the • • • • world’s first SiHy color contact lens
Slide 7: Group Structure
Group Structure Visco Technology Sdn. Bhd. Penang, Malaysia | Visco Vision Inc. Taoyuan, Taiwan From-eyes Co., Ltd. Trend Young Trading (Shanghai) Co., Ltd. Tokyo, Japan| Shanghai, China| 100% share 100% share Trend Young Vision Care Inc. Taipei, Taiwan |
Slide 8: 2. Industry Status
2. Industry Status Growth rate of global myopia population Global market—CAGR of contact lens market Global market—the increase of private label market size Growth trend—SiHy contact lens as the mainstream led by e big 4
Slide 9: Growth rate of global myopia population
| Growth rate of global myopia population Global myopia population is expected to grow from 3billion in 2020 to 3.8billion in 2030. The growth rate is around 27%. _ 1,950 million people 1,406 2000 2010 2020 2030 @ High myopia @ Myopia Source: Valuates Reports, CooperVision(2021) ; Contact Lens Spect
Slide 10: Global market CAGR
| Global market CAGR Global market CAGR is 4~6%. 140 126.6 120 100 80 60 40 20 0 2020 (e 2021 (f 2022 (f) 2023 (f 2024 (f me Market size: =@ Growth rate (USD 100million) Source : Valuates Reports, CooperVision(2021) ; Contact Lens Spectrum(2022/01) ; Visco internal data 2025 (f 2026 (f 4.5% 4.0% 3.5
Slide 11: Increase of private label share caused decrease of the big 4 share
| Increase of private label share caused decrease of the big 4 share The markets share of the major 4 is around 90%. The situation changed because of the emerging of the Local Kings. 2021 Private label market share increase constantly Gofmenfohmon Alcon CooperVision BAUSCE . 2020 a 12% | 12% 2019 a
Slide 12: SiHy contact lens as the mainstream led by the big 4
| SiHy contact lens as the mainstream led by the big 4 70% of global prescriptions issued by The big 4 growth comes from: ophthalmologists / optometrists are SiHy contact SiHy contact lens lenses, which has become the mainstream. AGU Significant increase of SiHy contact lens OASYS “se (BSSXUE el 202
Slide 13: 3. Financial Result Overview
3. Financial Result Overview | Growth of net profit margin | Profitability | Operation overview—revenue portfolio
Slide 14: Revenue and profits continue to hit record high
| Revenue and profits continue to hit record high Revenue and profits >, 2018-2021 revenue continue to hit 20 CAGR 43% record high 15 10 5) 2018 2019 2020 2021 2022 H1 Fe iscomition) 8 15 15 20 14 Growth rate 61% 94% 4% 29% 58% ==EPS 3.69 5.88 2.35 8.11 5.65
Slide 15: Profitability
| Profitability 50% Gross margin 45% a 0, 40% 43% 43% 43% 35% son ‘0 . ° . 30% Operating profit margin 25% 26% 20% 15% 0, 10% ne 5% 0% 2018 2019 2020 2021 2022 H1 == Gross margin 43% 43% 36% 43% 44% jm Operating 22% 17% 11% 21% 26% profit margin
Slide 16: Revenue Portfolio
| Revenue Portfolio China Japan ~ Visco subsidiary 2022H161% 2021 60% ding online channel 2022H1 4% 2021 5% 2022H1 13% 2022H1 22% 2021 18% 2021 17% a 4 , - 7 10
Slide 17: 4. Visco Competitiveness
4. Visco Competitiveness Leading position in the industry Competitive advantages and core technologies Global quality system certifications for medical device Global product licenses for medical device
Slide 18: Leading position in the industry
Leading position in the industry The only SiHy color contact lens manufacturer for private label in the world *One of the only two SiHy contact lens manufacturers for private label in the world *:mass production in global markets Source: Visco internal data 11
Slide 19: Competitive advantage and core technologies
| Competitive advantage and core technologies Exclusive SiHy formulation Exclusive formulation to ensure the lens performance at the leading position Outstanding surface treatment Exclusive technologies to improve wettability and extend comfort experience Va ww VISCO Professional lens design Precisi
Slide 20: Global quality system certifications for medical device
| Global quality system certifications for medical device Visco complete quality system certifications is not only a promise to customers that the lenses are safe and effective but also a path to bring better customers satisfaction. Quality system certifications er ISO 13485 MDSAP US QSR Japan FMA T
Slide 21: Global product licenses for medical devices
| Global product licenses for medical devices ChinaNMPA ~ = ~ Baran PMDA Taiwan TFDA ‘ . Philippines Malaysia MDL ® singapore Che cae TGA > " A | EU CE MDD>MDR ROK MFDS 61 Global li New Zealand MEDSAFE 14
Slide 22: 5. Next Steps
5. Next Steps | Europe, US, Japan markets: high-end optical products | Asian market—SiHy color contact lens
Slide 23: New products - the high-end optical products customers are waiting for
| New products-the high-end optical products that customers are waiting for Market share of all types of lenses spherical toric multifocal color 2021 2020 2019 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Visco multifocal and toric lenses will be available in Europe, US and Japan markets from 2023 so
Slide 24: The growth of SiHy color contact lens in Asian market could be expected
| The growth of SiHy color contact lens in Asian market could be expected Visco product portfolio 2021 23% 77% 2020 17% 83% 2019 18% 82% == Color = Others As the only SiHy color lens manufacturer, Visco will gain more market share 16
Slide 25: 6. Conclusion
6. Conclusion
Slide 26: Visco (6782), a company worthy of long-term investment
Visco(6782), a company worthy of long-term investment Management team of integrity . focus on bt SINESS Me age nent g tne is E E competitiveness Good business performance Expansion with cautiousness investment by corporate vision to maximize synergy Corporate governance attention on long-term value
Slide 27: Thank You!
Thank You!
Visco Vision — Visco Vision Inc. Pre-listing Investor Conference (October 2022) on 6ix