Megawin
Technology Co., Ltd.
Institutional Investor Conference(H2 2023)

Code: 3122
Date: Nov. 8, 2023
Spokesperson:
Alex Liao
Director, Operation & Marketing Div.
(TEL) 886-3-6234096(E-mail) sholder@megawin.com.tw
This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

2Safe Harbor Notice
Megawin's statements of its current expectations are forward-looking statements
subject to significant risks and uncertainties and actual results may differ materiallyfrom those contained in the forward-looking statements.
Except as required by law, we undertake no obligation to update any forward-lookingstatement, whether as a result of new information, future events, or otherwise.

This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

3Overview▰ Established
June, 1999

▰ Chairman & CEO▰ BusinessDevelopment, design, and salemicrocontrollers(a MCU-based IC design house)

Kenny Wen▰ Main products▰ Employees
81 (Taiwan: 70 & China: 11)▰ Capital
NTD 396 millions

This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

ARM Cortex-M0/M3 MCU,
8051 MCU,
USB MCU,
LDO/BLDC Series

4Agenda
This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

▰IOperation Performance &Financial Results▰IIProduct Application &Business Outlook▰
IIIQ&AI. Operation Performance&
Financial Results

This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

6KeyGrowth
Drivers forRevenue

NewCustomers

Total Solution
Provide total solution for customers

Best Cost-Performance Ratio
Achieve the best cost-performance ratio
This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

NewProductsNewApplications

7

Quarterly Revenue & Growth Rate
250,000

100%
80%

200,000

60%
40%

150,000

NTD'K

20%
0%
100,000-20%-40%

50,000-60%
0RevenueYoY Growth%

20Q3

23Q1

23Q2

23Q3

124,163 162,605 136,148 184,794 229,634 235,218 174,792 131,008 102,055 103,088 73,693

85,942

94,571

-34%

-7%

14%

20Q4
41%

21Q1
65%

21Q2
47%

This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

21Q385%

21Q445%

22Q128%22Q2-29%

22Q3-56%

22Q4-56%-58%-80%

8Operating Results (1/2)
50.0%
230,000
45.0%
40.0%

180,000

NYD'K

35.0%
130,000
30.0%
25.0%

80,00020.0%
30,00015.0%(20,000)

20Q3

20Q4

21Q121Q221Q321Q4

22Q1

22Q2

22Q3

22Q4

23Q123Q2

23Q3

Revenue營業收入124,163

162,605

136,148

184,794

229,634

235,217

174,792

131,008

102,055

103,088

73,69385,942

94,571Net Income
本期淨利(損)(Loss)

2,423

5,604

4,393

28,112

49,581

47,241

32,9797,320(10,842)(12,043)(18,094)(20,295)(7,978)

GM%
毛利率

25.6%

25.9%

29.1%

41.8%

47.8%

49.6%

48.6%

37.5%

24.3%

29.3%

32.6%

28.3%

31.0%

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Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

10.0%

9

Operating Results (2/2)
55.0%

1.50
1.30

45.0%

1.10
35.0%

0.90
25.0%

0.70

15.0%

0.50
0.30

5.0%
0.10
-5.0%

-15.0%(0.10)
20Q3

20Q4

21Q121Q221Q321Q4

22Q122Q2

22Q322Q423Q123Q2

23Q3GM%

25.6%

25.9%

29.1%

41.8%

47.8%

49.6%

48.6%

37.5%

24.3%

29.3%

32.6%

28.3%

31.0%

Net Margin%

2.0%

3.4%

3.2%

15.2%

21.6%

20.1%

18.9%

5.6%

-10.6%-11.7%-11.7%-24.6%-8.4%

EPS (NTD)

0.06

0.15

0.11

0.74

1.30

1.23

0.84

0.19

(0.28)(0.30)(0.46)(0.51)(0.20)

This document contains information on a new product under development by Megawin.
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(0.30)

II. Product Application&Business Outlook

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112023 Q1-Q3 MCU Growth
Analysis by Industry
100,000,000
90,000,000
80,000,000
70,000,000
60,000,000
50,000,000
40,000,000
30,000,000
20,000,000

With the highest
growth rate of35%10,000,000-Others

SecurityHome

Consumer

appliances

entertainment

Health careCommunication

2022 Revenue (Three Quarters Ended)

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Sensor &Lighting &Electronic

measurement

display

control &peripherals &motorbusiness2023 Revenue (Three Quarters Ended)Power products

Computer

12

MCU Breakdown by Industry

2022
Q1-3
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2023
Q1-3

132023 Megawin Top 10 Applications
17%

Motor i ndus try

13%

I ndus tr i a l i ns trume nt

10%

Mobi l e phone s c re e n

Ke y boa rd

9%

We i ghi ng produc ts

9%
5%

Wire le s s c ha rgi ng
I ndus tr i a l c ontrol &a utom a ti on

3%

3 C digita l homea ppl i a nc e s

3%

Hom e ne tw ork

2%

E le c troni c Loc k s

2%This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

14Continue to Cultivate
Overseas Markets▰ Opened up the Japanese market last year, successfully entered industrial
instruments and smart curtain applications▰ Entered Japan's beauty equipment application in Q3 this year
▰ Gradually enters the white goods, security, and motor-related product markets
in European countries.
Yearly Operating Results
By Region %China

Yearly Operating Results
By Gross Profit %Non-China

China

Non-China21%

29%

28%

22%

35%

39%

79%

71%

72%

78%

65%

61%

2021

2022

2023 Q1-Q3

2021

2022

2023 Q1-Q3

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Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

15

Inventory Status

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16Megawin Product Vision
Energy Saving

PowerManagement

Energy Storage

This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

Construct
MCU Platform

Construct MCUs
Required by theElectric Vehicle Industry

17

AEC-Q100 (Grade 2) Certified
Widely used in various automotive applications

Latest News
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18

MGEQ1C064AD48 Applications

Power Seat

Dashboard

Wireless Charging

Power Tailgate

Dynamic Taillights

Windshield Wipers

Windows Control

Automotive LightingThis document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

Energy Saving

Power Management

Energy StorageConstruct
MCU Platform

1. Energy Saving▰ Responding to green energy and carbon reduction, sustainable development, and MCU
power consumption reduction (Super low power)

 Extensive intelligence is the driving force for ULP MCU market growth▰ Ultra-Low-Power MCU (ULP MCU) Cooperate with foundry to develop ultra-low-power consumption technology (Device module, STD cell, PDK) Has been developed for more than two years and is expected to have results in Q4 2024
▰ ULP MCU Applications

 Wearable device Portable electronics

 Personal medical equipment
 Home automation

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 Smart sensor

19Energy Saving

Power Management

Energy Storage

Construct
MCU Platform

20

1.1. ULP MCU Market Size

According to MarketsandMarkets:
Global ULP MCU TAM

 Already over $4.2 billion in 2021
 Will grow to $12.9 billion in 2024
 Will jump to $100 billion by 2026

This document contains information on a new product under development by Megawin.
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Source:Data Bridge Market Research Market Analysis Study 2022
DMCA Protected © Data Bridge Market Research - All Rights
Reserved.

Energy Saving

Power Management

Energy Storage

Construct
MCU Platform

1.2. Brushless DC Motor (BLDC)▰ In order to improve the performance of BLDC itself, it is necessary to integrate with

SoC system electronic control IC;
Enables motors to run more efficiently and reduce energy consumption at lower cost
▰ Improve motor efficiency (80% to 90%); market as a system module

 Develop motor controller architecture (F/W)
 Develop high-voltage drive (Isolator)

 Develop MOSFET(Developed by the invested company, Chip1 Co., Ltd.) Integrate IGBT, SiC▰ The market size of BLDC motors is growing year by year, driving up the demand for
MCU drive control chips

 Global market size: USD17.3 billion in 2020, estimated to grow to USD27.2 billion in 2027,
with a CAGR of 6.6% (Note1)

 China's market size: 2018-2023 market size CAGR is 15%. The growth rate of the Chinese market
exceeds that of the global market (Note2)This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

Note 1: Quoted from Grand View Research statistics
Note 2: Quoted from Frost & Sullivan statistics

21

Energy Saving

Power Management

Energy Storage

Construct
MCU Platform

1.3. Promote BLDC via
Modular Platform

Ceil Fan

Crossflow FanThis document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

Hair Dryer

Servo Fan

Water Heat Exhaust

22

Energy Saving

PowerManagement

Energy Storage

Construct
MCU Platform

2. Lithium Battery Management▰ The era of lithium batteries has arrived(home/personal components/communication/transportation...);
Build a safe battery management system SoC to meet future needs and growth▰ Focus on BMS electronic control IC system▰ Establish a battery (Cell) characteristic laboratory▰ Develop battery protection algorithms▰ Battery metering module expected to be launched in December▰ Develop 24Bit ADC (had been verified)▰ Develop AFE SoC (plan to develop 12-16 string battery management AFE)
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23

Energy Saving

PowerManagement

Energy Storage

Construct
MCU Platform

2.1. BMS Market Size

▰ Global BMS market will be USD 7.2 billion
in 2022▰ Expected to reach USD 26.8 billion
by 2030▰ CAGR of 17.9% in 2022-2030
資料出處：Prescient & Strategic IntelligenceThis document contains information on a new product under development by Megawin.
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24

Energy Saving

PowerManagement

Energy StorageDevelop a More Convenient

Lithium Battery Management Suite
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Construct
MCU Platform25

Energy Saving

Power Management

2.2. Battery Energy Storage
Market Size

Market size in 2022
USD 5.8 billion
Expected to reach
USD 46.3 billion in 2030,
with a CAGR of 32%
Source: Verified Market ResearchThis document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

EnergyStorage

Construct
MCU Platform

26

Energy Saving

Power Management

EnergyStorage

Construct
MCU Platform

2.3. Energy Storage-Specific M3
Put into Mass Production• Support one set of CAN 2.0b

• Support AES 128 HW Encryption• 1Mbit/s speed• TRNG generate real random number• 11/29 bit identifier• ECB/CBC/CTR modes

CAN BUS

Security

AnalogOthers• 12 bit ADC x 3 set (18 CH), support• 12 bit Voltage DAC x 2• Operation Ampfiler x 3

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• Up to 256k FLASH and 64k SRAM
• LQFP64 / LQFP100 with 5V Torrance• SDIO card reader (SD/SDIO/MMC4.2)• DMA controller x 227

Energy Saving

Power Management

Energy StorageConstruct
MCU Platform

3. Developed Arduino Modules
for Industrial Application
Pin compatible to Arduino rich sensor and peripheralsSensor

RS-485Extend pins for megawin’s extended featureThis document contains information on a new product under development by Megawin.
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28

Energy Saving

Power Management

Energy Storage

4.1. Developing CIM AI with ITRI

▰ CIM (Computing In Memory) Significantly reduces the memory
bandwidth for AI processing

 Effectively reduces the power

consumption of AI computing▰ In 2023, megawin cooperates

with EOSL of ITRI* on CIM MCU
application solutions.

* Electronic and Optoelectronic System Research Laboratories (EOSL)
Industrial Technology Research Institute (ITRI)This document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

Construct
MCU Platform

29

Energy Saving

Power Management

4.2. CIM MCU Supports
Edge ComputingThis document contains information on a new product under development by Megawin.
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Energy Storage

Construct
MCU Platform30

III. Q & A

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Appendix
1. Consolidated Statement Of Comprehensive Income
2. Consolidated Balance SheetThis document contains information on a new product under development by Megawin.
Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.

33

Appendix 1:
Consolidated Statement Of Comprehensive Income

This document contains information on a new product under development by Megawin.
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34

Appendix 2:
Consolidated Balance Sheet (1/3)

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35

Appendix 2:
Consolidated Balance Sheet (2/3)

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Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.36

Appendix 2:
Consolidated Balance Sheet (3/3)

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37

Thank you!
www.megawin.com.tw

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Megawin reserves the right to change or discontinue this product without notice. Megawin Technology Co., Ltd. 2023 All rights reserved.