RichWave Technology Corp.

Jun 2019

Vision

World RF IC Leader

by Technology and Innovation

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2019 Q1 P&L

2019 Q1 2018 Q4 QoQ 2018 Q1 YoY

Amount: NT$ MN Amount % Amount % % Amount % %

Net Sales 425 100.0% 606 100.0% -29.9% 662 100.0% -35.8%

Gross Margin 161 37.9% 210 34.6% -23.3% 205 31.0% -21.5%

Operating

Expense174 40.9% 164 27.1% 6.1% 155 23.4% 12.3%

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Operating Profit -13 -3.0% 46 7.5% -128.3% 50 7.6% -126.0%

Non-Op.

Profits(Loss) -1 -0.2% 1 0.2% -200.0% -6 -0.9% 83.3%

Net Income

before Tax-14 -3.2% 47 7.7% -129.8% 44 6.6% -131.8%

Net Income after

Tax-11 -2.6% 40 6.6% -127.5% 36 5.4% -130.6%

EPS -0.18 0.65 0.60

Net Sales 2014-2019

1,716

2,161

2,666 2,650

-0.6%

+24.2%

+25.9%

+23.4%

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Unit: NT$ million

1,382

1,716

425

2014 2015 2016 2017 2018 2019

Gross Margin Trend 2016-2018

30.0%

40.0%

50.0%

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32.5%

37.1%

31.0%

37.9%35.1%

36.3%

32.1%34.6%

31.5% 33.0%33.2%

32.2%

34.6%

0.0%

10.0%

20.0%

2016 2017 2018 2019Q1 Q2 Q3 Q4

Revenue by Products

500

750

51

66

45

38

68

39

64

45

59

21

5 6

13

13

Others

FM

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-

250

1Q'18 2Q'18 3Q'18 4Q'18 1Q'19

522 602

554 510

343

10 59 13 FM

LTE

WiFi

Unit: NT$ Million

High Integration WiFi FEM & High Power PA Gain Weighting

11%

30%34% 33% 31% 28%

2%

3% 3% 4%3%

LNA

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34% 33%40% 37% 39%

12% 14%6% 12% 11%

1Q'18 2Q'18 3Q'18 4Q'18 1Q'19

SW

PA

FEM

Business Highlights – WiFi

Won Broadcom 11ax reference design for platforms

4x4 performance segment – 2G FEM & 5G FEM

2x2 main stream – 5G FEM

Won Quantenna 11ac reference design for platforms

4x4 performance segment & main stream – 5G FEM

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Business Highlights – WiFi

Won WiFi 11ac FEM design for AP/Gateway:

China: Router for China Telecom, 10GPON for China mobile, Enterprise AP for for

Ruiji and H3C, GPON for Nokia Bell

Southeast Asia: GPON home gateway for Reliance, Router for Philippians’

telco, Vietnam telco, DSL for TRUE Thailand telco

EU: Repeater for Telefonica, Home gateway for Liberty Global, Router for

Freebox, DSL for Vodafone, GPON for Russia telco, Router for Italian telco, STB for

France telco, Residential gateway for UK telco, Cable modem & STB for Sagemcom

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America: AP for Netgear, AP/Base station for Arlo, Cable modem for

Mexico, Argentina cable operators, GPON for Brazil telco, GPON for Telmex

Won WiFi FEM/SW design for:

Doorbells for Amazon

Samsung IP Cam

Google home

Business Highlights – Mobile

Started to ship WiFi 11ac 2.4GHz & 5GHz FEMs for:

LG smart phone, Motorola smart phone, Quectel

modules for IoT

Won WiFi 11ac 2.4GHz & 5GHz FEMs design for:

Lenovo PAD, Sharp smart phone

Won LTE LNA design for:

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Samsung smart phone, Quectel LTE modules for IoT

Won WiFi/LTE SW design for:

Motorola smart phone, Nokia feature phone, Lora

modules

Business Highlights – Automotive

Won 2G Rx FEM and 5G full FEM design for WiFimodules for automotive for GM

Won LTE SW design for LTE modules for automotive telematics for Bosch

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