Slide 1: TSRC – Global Specialty Polymers
2026 TSRC – Global Specialty Polymers Investor Conference, 20 May 2026
Slide 2: Disclaimer
Disclaimer The information presented and referred herein are based upon the information obtained internally and externally from our company. Forward-looking operational results, financial condition and business results might be different from those information expressly or impliedly presented herein
Slide 3: Agenda
AGENDA 1. Introduction • Mingyi Wu, Deputy Spokesperson 2. 2025 & 1Q2026 Financial • Edward Wang, CFO Performance 3. 2026 Business Highlights & • Joseph Chai, CEO Market Outlook 4. Summary • Joseph Chai, CEO 5. Q&A 2026 TSRC Confidential and Proprietary P.3
Slide 4: Introduction
[1] Introduction Mingyi Wu, Deputy Spokesperson
Slide 5: 2025 & 1Q2026 Financial Performance
[2] 2025 & 1Q2026 Financial Performance Edward Wang, CFO
Slide 6: 2025 Financial Highlights
2025 Financial Highlights In NT$M 2024 2025 YoY Revenue 37,209 36,473 (2%) Gross Profit 4,116 3,576 (13%) Operating Profit 1,377 983 (29%) Non-Operating 406 132 (67%) Income before Tax 1,783 1,115 (37%) Net income 862 448 (48%) EPS (NT$) 1.04 0.54 (48%) 2026 TSRC Confidential and Proprietary P.6
Slide 7: 1Q2026 Financial Results
1Q2026 Financial Results In NT$M 1Q25 4Q25 1Q26 QoQ YoY Revenue 10,377 8,361 10,331 24% 0% Gross Profit 1,191 841 1,266 51% 6% Operating Profit 493 314 651 107% 32% Non-Operating 150 116 194 67% 29% Income before Tax 643 431 845 96% 31% Net income 330 269 436 62% 32% EPS (NT$) 0.40 0.32 0.53 62% 32%
Slide 8: 1Q2026 Revenue by Geography
1Q2026 Revenue by Geography 10,377 10,331 887 923 8,361 1,512 1,362 705 Others 1,069 Europe Americas 7,858 7,809 6,486 Asia 1Q25 4Q25 1Q26 Amount in NT$M 2026 TSRC Confidential and Proprietary P.8
Slide 9: 1Q2026 Major Equity Investment
1Q2026 Major Equity Investment ISRPL ARL-TSRC 177 190 145 51 27 4 Amount in NT$M Note: numbers shown as TSRC’s investment income of each investee. 2026 TSRC Confidential and Proprietary P.9
Slide 10: Navigating a Volatile Business Environment
Navigating a Volatile Business Environment US$/MT NR-BD price gap (RHS) ICIS BD CFR NEA (LHS) 2,500 1,200 1,000 2,000 800 600 1,500 400 200 1,000 0 500 (200) (400) 0 (600) Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24 Jul-25 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22 Jan-23 Jan-24 Jan-25 Jan-26 2026 TSRC
Slide 11: 2026 Business Highlights & Market Outlook
[3] 2026 Business Highlights & Market Outlook Joseph Chai, CEO
Slide 12: Strong 1Q2026 Financial Performance amid industry headwinds
Strong 1Q2026 Financial Performance amid industry headwinds ♦ Solid 1Q26 financial results driven by: ➢ Higher volume sales ➢ Discipline supply chain management and timely pricing action ♦ Feedstock and raw material supply disruptions created additional opportunities ♦ Time-tested procurement strate
Slide 13: Significant impact of Middle East conflict on the market
Significant impact of Middle East conflict on the market ♦ Supply disruptions through the entire value chain – crude, feedstock, C4/C5, synthetic rubbers …etc. ♦ Rapid increase in cost of raw materials followed by higher energy and utilities costs ♦ Longer supply chain lead time and higher transport
Slide 14: Volatile market outlook expected for the remaining of 2026
Volatile market outlook expected for the remaining of 2026 ♦ Uncertain tariff policy and geopolitical conflicts are expected to continue to negatively impact global economic growth ♦ The Middle East conflict will cast a long shadow on the petrochemical value chain in terms of supply disruption and c
Slide 15: Addressing market challenges with smart actions and resilience
Addressing market challenges with smart actions and resilience ♦ TSRC has demonstrated consistently its capability in managing disruptions and navigating crisis ➢ Key monomers procurement strategy enabled security of supply at market competitive price ➢ Strategic supply chain footprints to deliver q
Slide 16: Endeavor to deliver positive outcome in 2026
Endeavor to deliver positive outcome in 2026 ♦ Prudent cost management and rigorous demand-supply planning ♦ Discipline and timely execution on raw material procurement, pricing action, and supply chain optimization ♦ Continue focus on enabling our customer to be successful and delivering technology
Slide 17: Summary
[4] Summary Joseph Chai, CEO
Slide 18: Summary
Summary ♦ Swift respond and timely 01 action on market opportunities delivered solid 1Q2026 result ♦ 2026 market outlook is 02 expected to be volatile and uncertain ♦ However, proven resilience 03 capability and discipline execution can enable TSRC to capture upside financial results 2026 TSRC Confi
Slide 19: Q&A
Q&A 2026 TSRC Confidential and Proprietary P.19
Slide 20: Thank You
TSRC CORPORATION