MPI Corporation.

(6223.TT)

BoA Merril Lynch Corporate Days

1

Corporation

The information herein contains forward-looking statements. We have based

these forward-looking statements on our current expectations and projections

about future events. Although we believe that these expectations and projections

are reasonable, such forward-looking statements are inherently subject to risks,

uncertainties and assumptions about us, including, among other things: the

intensely competitive Semi-conductor, and LED industries and markets;

Cyclical nature of the semiconductor industry; Risks associated with global

business activities; General economic and political conditions. All financial

figures discussed herein are prepared pursuant to ROC GAAP on an un-audited

unconsolidated basis. All audited figures will be publicly announced upon the

completion of our audited process.

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Safe Harbor Notice

Corporation

Company at a Glance

3

Founded July, 25, 1995

Paid-in Capital

NTD$ 786M (2012.12.31-the latest )

Employees 919 (2012.12.31)

Corporation

Business Portfolio

4

Corporation

1,001

14379

891 64

2,362

452

131

11

162

461

1,7491,645

131

18

158 126

1,412

737

142

22

319

47

0

500

1,000

1,500

2,000

2,500

Taiwan China Sigapore EU USA RoW

2009

2010

2011

2012

5

Net Sales by Region

Probe card Div. LED Equipment Div.NT$ MM

2012 of Total sales

53% 28% 5% 1% 12% 2%

Rest of Rest of Rest of Rest of Asia, Asia, Asia, Asia, 1.8%1.8%1.8%1.8%CN, CN, CN, CN, 74.5%74.5%74.5%74.5%

TW, TW, TW, TW, 21.2%21.2%21.2%21.2%USA, USA, USA, USA, 2.2%2.2%2.2%2.2% EU, EU, EU, EU, 0.3%0.3%0.3%0.3%EU, 1.1%EU, 1.1%EU, 1.1%EU, 1.1% Ro Ro Ro Ro Asia, Asia, Asia, Asia, 1.8%1.8%1.8%1.8%SG, SG, SG, SG, 8.38.38.38.3%%%%TW, TW, TW, TW, 71.3%71.3%71.3%71.3%

USA, USA, USA, USA, 17.5%17.5%17.5%17.5%

Corporation 6

R&D Expenses, Capex and Depreciation

280,868 253,164

346,377

439,274

386,516

12.83%

15.99%

8.80%

10.76%

18.86%

0%0%0%0%2%2%2%2%4%4%4%4%6%6%6%6%8%8%8%8%10%10%10%10%12%12%12%12%14%14%14%14%16%16%16%16%18%18%18%18%20%20%20%20%

0000100,000100,000100,000100,000200,000200,000200,000200,000300,000300,000300,000300,000400,000400,000400,000400,000500,000500,000500,000500,000

2008 2009 2010 2011 3Q of

2012

R&D % of Total Sales

94,564

33,229

134,128

225,637

294,195

101,268 104,004 93,306

63,553 56,356 000050,00050,00050,00050,000100,000100,000100,000100,000150,000150,000150,000150,000200,000200,000200,000200,000250,000250,000250,000250,000300,000300,000300,000300,000350,000350,000350,000350,000

2008200820082008 2009200920092009 2010201020102010 2011201120112011 3Q of 20123Q of 20123Q of 20123Q of 2012

CapexCapexCapexCapex Depreciation ExpensesDepreciation ExpensesDepreciation ExpensesDepreciation ExpensesCAPEX and Depreciation ExpensesR&D Expenses

NT$ 1,000 NT$ 1,000

Probe Card

7

Corporation 8

Product Mix of CPC (Cantilever)

Corporation

Major Customers of CPC

Fabless Foundry Testing House

9

Corporation

181,591

254,844

334,733

388,504

459,140

373,145

304,133

340,725

350,125

319,109

335,495

331,448

- - - - 50,000 50,000 50,000 50,000

100,000 100,000 100,000 100,000 150,000 150,000 150,000 150,000 200,000 200,000 200,000 200,000 250,000 250,000 250,000 250,000 300,000 300,000 300,000 300,000 350,000 350,000 350,000 350,000 400,000 400,000 400,000 400,000 450,000 450,000 450,000 450,000 500,000 500,000 500,000 500,000

JanJanJanJan FebFebFebFeb MarMarMarMar AprAprAprApr MayMayMayMay JunJunJunJun JulJulJulJul AugAugAugAug SepSepSepSep OctOctOctOct NovNovNovNov DecDecDecDec

Pin 2010 2011 2012

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Pin-Shipment & B/B Ratio

0.97

1.12

1.39

0.91

0.83 0.75

0.96

1.14

0.78

1.04 1.01

0.91

JanJanJanJan FebFebFebFeb MarMarMarMar AprAprAprApr MayMayMayMay JunJunJunJun JulJulJulJul AugAugAugAug SepSepSepSep OctOctOctOct NovNovNovNov DecDecDecDec

2010 2011 2012

Corporation 11

VPC (Vertical) Pin-Shipment

99,323 92,930

111,910

139,135 142,127

223,464

152,122

127,612

103,470

115,839

177,089

64,511

0

50,000

100,000

150,000

200,000

250,000

Jan. Feb. Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011 2012

Pin

Corporation

Major Customers of VPC

12

Corporation 13

Global Semi-Conductor Forecast

Global SemiGlobal SemiGlobal SemiGlobal Semi----Conductor Growth ForecastConductor Growth ForecastConductor Growth ForecastConductor Growth Forecast(Billion USD)(Billion USD)(Billion USD)(Billion USD) 2011201120112011 2012201220122012 2013201320132013 2014201420142014 2015201520152015 2016201620162016 2011~2016CAGR2011~2016CAGR2011~2016CAGR2011~2016CAGR

Global MarketGlobal MarketGlobal MarketGlobal Market 304.0 304.0 304.0 304.0 316.1 316.1 316.1 316.1 345.8 345.8 345.8 345.8 361.3 361.3 361.3 361.3 385.2 385.2 385.2 385.2 413.0 413.0 413.0 413.0 6.30%6.30%6.30%6.30%Growth(%)Growth(%)Growth(%)Growth(%) 1.5%1.5%1.5%1.5% 4.0%4.0%4.0%4.0% 9.4%9.4%9.4%9.4% 4.5%4.5%4.5%4.5% 6.6%6.6%6.6%6.6% 7.2%7.2%7.2%7.2% ----

Global SemiGlobal SemiGlobal SemiGlobal Semi----Conductor Application ForecastConductor Application ForecastConductor Application ForecastConductor Application Forecast(Billion USD)(Billion USD)(Billion USD)(Billion USD) 2011201120112011 2012201220122012 2013201320132013 2014201420142014 2015201520152015 2016201620162016 2011~2016CAGR2011~2016CAGR2011~2016CAGR2011~2016CAGRAutoAutoAutoAuto 24.1 24.1 24.1 24.1 25.1 25.1 25.1 25.1 26.7 26.7 26.7 26.7 28.5 28.5 28.5 28.5 31.2 31.2 31.2 31.2 33.8 33.8 33.8 33.8 7.0%7.0%7.0%7.0%CommunicationCommunicationCommunicationCommunication 78.9 78.9 78.9 78.9 83.7 83.7 83.7 83.7 89.8 89.8 89.8 89.8 93.8 93.8 93.8 93.8 99.3 99.3 99.3 99.3 105.4 105.4 105.4 105.4 6.0%6.0%6.0%6.0%ConsumerConsumerConsumerConsumer 46.0 46.0 46.0 46.0 46.4 46.4 46.4 46.4 48.7 48.7 48.7 48.7 49.8 49.8 49.8 49.8 51.4 51.4 51.4 51.4 52.8 52.8 52.8 52.8 2.8%2.8%2.8%2.8%Info.Info.Info.Info. 124.6 124.6 124.6 124.6 129.8 129.8 129.8 129.8 146.0 146.0 146.0 146.0 151.5 151.5 151.5 151.5 162.4 162.4 162.4 162.4 176.6 176.6 176.6 176.6 7.2%7.2%7.2%7.2%IndustryIndustryIndustryIndustry 26.9 26.9 26.9 26.9 27.5 27.5 27.5 27.5 30.7 30.7 30.7 30.7 33.8 33.8 33.8 33.8 36.8 36.8 36.8 36.8 40.2 40.2 40.2 40.2 8.4%8.4%8.4%8.4%MilitaryMilitaryMilitaryMilitary 3.5 3.5 3.5 3.5 3.6 3.6 3.6 3.6 3.9 3.9 3.9 3.9 3.9 3.9 3.9 3.9 4.1 4.1 4.1 4.1 4.2 4.2 4.2 4.2 3.7%3.7%3.7%3.7%Global SemiGlobal SemiGlobal SemiGlobal Semi 304.0 304.0 304.0 304.0 316.1 316.1 316.1 316.1 345.8 345.8 345.8 345.8 361.3 361.3 361.3 361.3 385.2 385.2 385.2 385.2 413.0 413.0 413.0 413.0 6.3%6.3%6.3%6.3%

LED

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Corporation

Turnkey Solution Provider

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Prober Sorter Handler Tapping

Chip Level Package Level

2 in 1 (Prober + Sorter)

Reduce spacing demand for capex

Reduce workforce

Process improvement

Corporation 16

Die Prober

Vertical and normal LED

LED AOI

Fully-Auto Wafer LoaderInspection Time : 5 min

Exchange Time 15 sec

COB Sorter

New Products in LED Packaging

Well suited for various

COB-type products

Corporation 17

2011 ~ 2012 MOCVD Request by Region

Source: DIGITIMES 2012/9

0%

10%

20%

30%

40%

50%

60%

70%

80%

RoW Japan S.K Taiwan China

2011 2012

Corporation 18

LED field application

Source: McKinsey&Company 2012

Corporation 19

LED Growth Geographically

Source: McKinsey&Company 2012

Corporation 20

LED Lighting Product Channels

Source: McKinsey&Company 2012

Corporation

bybybyby GeographyGeographyGeographyGeography by Productby Productby Productby Product

Geography & Product Mix

Country, PC, %

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Financial Statements

22

Corporation 23

Balance Sheet Highlight

Amount: NT$ Million Q3’ 2012 Q3’ 2011

Cash and Cash Equivalents 539 11.3% 863 16.5%

Long-term Investments 424 8.9% 472 9.0%

Fixed Assets 1,373 28.7% 1,084 20.8%

Total Assets 4,788 100% 5,220 100%

LT Debt 79 1.7% 89 1.7%

Shareholders' Equity 2,92 61.0% 3,104 59.5%

EBITDA 197 646****EBITDA=operating income + depreciation & amortization expensesEBITDA=operating income + depreciation & amortization expensesEBITDA=operating income + depreciation & amortization expensesEBITDA=operating income + depreciation & amortization expenses

Corporation 24

Income Statement

Net Sales NT$ 1,000

NT$1,000NT$1,000NT$1,000NT$1,000 YoY(%) YoY(%) YoY(%) YoY(%) Net Sales Net Sales Net Sales Net Sales 1,885,9041,885,9041,885,9041,885,904 100%100%100%100% 3,081,0693,081,0693,081,0693,081,069 100%100%100%100% -39%-39%-39%-39%Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold 1,023,4401,023,4401,023,4401,023,440 54.3%54.3%54.3%54.3% 1,770,3211,770,3211,770,3211,770,321 57.5%57.5%57.5%57.5% -42%-42%-42%-42%Gross Profit Gross Profit Gross Profit Gross Profit 862,464862,464862,464862,464 45.7%45.7%45.7%45.7% 1,310,7481,310,7481,310,7481,310,748 42.5%42.5%42.5%42.5% -34%-34%-34%-34%Operating Expense Operating Expense Operating Expense Operating Expense 663,242663,242663,242663,242 35.2%35.2%35.2%35.2% 756,145756,145756,145756,145 24.5%24.5%24.5%24.5% -12%-12%-12%-12%Operating Income Operating Income Operating Income Operating Income 198,885198,885198,885198,885 10.5%10.5%10.5%10.5% 553,712553,712553,712553,712 18.0%18.0%18.0%18.0% -64%-64%-64%-64%Investment Income & OthersInvestment Income & OthersInvestment Income & OthersInvestment Income & Others -2,308-2,308-2,308-2,308 -0.1%-0.1%-0.1%-0.1% 92,20292,20292,20292,202 3.0%3.0%3.0%3.0% -103%-103%-103%-103%Net Income (before tax)Net Income (before tax)Net Income (before tax)Net Income (before tax) 196,577196,577196,577196,577 10.4%10.4%10.4%10.4% 645,914645,914645,914645,914 21.0%21.0%21.0%21.0% -70%-70%-70%-70%EPS (before tax)EPS (before tax)EPS (before tax)EPS (before tax)

Q3' 2012Q3' 2012Q3' 2012Q3' 2012 Q3' 2011Q3' 2011Q3' 2011Q3' 2011

2.322.322.322.32 7.517.517.517.51

0000100,000100,000100,000100,000200,000200,000200,000200,000300,000300,000300,000300,000400,000400,000400,000400,000500,000500,000500,000500,000

Jan.Jan.Jan.Jan. Feb.Feb.Feb.Feb. Mar.Mar.Mar.Mar. Apr.Apr.Apr.Apr. MayMayMayMay Jun.Jun.Jun.Jun. Jul.Jul.Jul.Jul. Aug.Aug.Aug.Aug. Sep.Sep.Sep.Sep. Oct.Oct.Oct.Oct. Nov.Nov.Nov.Nov. Dec.Dec.Dec.Dec.2009200920092009201020102010201020112011201120112012201220122012