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MPI Corporation.

(6223.TT)

For J.P. Morgan’s Global TMT Conference 2015 Only

Presentation Disclaimer

These presentations and/or other documents have been written and presented by MPI Corporation. MPI Corporation is solely responsible for the accuracy and completeness of the contents of such presentations and/or other documents. J.P. Morgan does not have any responsibility for or control over the contents of such presentations and/or other documents. No endorsement is intended or implied notwithstanding the distribution of the presentations and/or other documents at J.P. Morgan’s Global TMT Conference 2015. The materials and information in the presentations and other documents are for informational purposes only, and are not an offer or solicitation for the purchase or sale of any securities or financial instruments or to provide any investment service or investment advice. Thank you for your cooperation.

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Founded July, 25, 1995

Paid-in Capital NTD$ 796M (2015.10.31-the latest )

Employees 1340 (2015.10.31)

Company at a Glance

Business Portfolio

70%

72%

65%

66%

30%

27%

34%

33%

1%

1%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2014' Q4

2015' Q1

2015' Q2

2015' Q3

Probe card LED Thermal AST & RF Probe

3

1,412

737

142 22

319

47

2,678

1,519

576

150 51

420

71

2,787

1,697

958

176

57

783

298

3,969

1,401

626

92 51

443 282

2895

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Taiwan China Sigapore EU USA RoW Total

2012 2013 2014 2015 1-3Q

2015 1-3Q

LED Equipment Div.

2015 1-3Q 48.4% 21.6% 3.2% 1.8% 15.3% 9.8% 100%

2015 1-3Q

Probe card Div.

NT$ MM

Net Sales by Geographic

China

63% Malaysia

15%

Taiwan

10%

Rest of

Asia

10%

Europe

2%

Taiwan

66%

USA

22%

Rest of

Asia

10%

Europe

2%

Business Contents Semi-conductor (Probe Card)

LED

RF Probe & AST

Thermal

Financial Statements

Agenda

4

For J.P. Morgan’s Global TMT Conference 2015 Only

Semi-conductor

2008 2009 2010 2011 2012 2013 2014(E) 2015(F)

Revenue 15.4 12.7 19 18.5 21.5 24.8 27.1 29.9

YoY -12.2% -17.1% 48.8% -2.3% 16.1% 15.0% 9.6% 10.1%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

0

5

10

15

20

25

30

35

10 billion RMB

Source: Topology Research Institute,2014/12

2008~2015 Revenue of Wafer Foundry in China

5

10 billion RMB

2012 2013 2014(E) 2015(F)

Revenue 50.11 60.09 67.6 86.3

YoY 16.0% 19.9% 12.5% 27.7%

0%

5%

10%

15%

20%

25%

30%

0

10

20

30

40

50

60

70

80

90

100

Source: Topology Research Institute,2014/12

2012~2015 Revenue of IC Manufacturing in China

75%

86%

91%

94%

0% 20% 40% 60% 80% 100%

Top 05

Top 10

Top 15

Top 2077%

76%

77% 78%

22% 22% 22% 21%

1% 2% 1% 1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

14'Q4 15'Q1 15'Q2 15'Q3

LCD Driver IC Logic Niche Memory

Product Mix of CPC (Cantilever)

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PIN

0.92 0.84

1.46

1.12

1.51

0.82

0.65

0.51

0.76

1.00

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

0

100,000

200,000

300,000

400,000

500,000

600,000

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

2013 2014 2015 B/B Ratio

CPC Pin-Shipment

PIN

1.13

1.55

1.15

1.39

0.81

1.40

0.91 1.03

1.06

0.74

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

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

2013 2014 2015 B/B Ratio

VPC Pin-Shipment

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CPC and VPC Yearly Trend 2012 ~2015

PIN

2012 2013 2014 2015 1-3Q

CPC 3,843,213 3,994,670 5,099,357 3,578,432

VPC 1,512,955 2,104,168 3,284,466 2,218,541

71.8% 65.5%

60.8%

66.9%

28.2%

34.5%

39.2%

33.1%

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

Gross Margin Between Competitors

46.1% 43.2%

49.5%

42.7%

49.7% 49.1%

47.0%

42.2%

46.2% 46.6%

0%

10%

20%

30%

40%

50%

60%

13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 14Q4 15Q1 15Q2

FFI MJC JEM MPI

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Operating Margin Between Competitors

12.8% 11.9%

14.4%

4.5%

7.6%

14.6%

19.0%

9.9% 10.4%

10.7%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 14Q4 15Q1 15Q2

FFI MJC JEM MPI

For J.P. Morgan’s Global TMT Conference 2015 Only

LED

9

2015 LED at a Glance

51%

16%

33%

2015 M&A

Cross-Industry

Horizontal Integration

Vertical Integration

19%

30%

51%

2015 M&A

EPI Packaging Lighting

Unit

70

119

164

142 145

131

121 113

183

98

44

12

130

16

104

37

7

108

180

49

16

30

0

20

40

60

80

100

120

140

160

180

200

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

2014 Shipment

2015 Shipment

2015 Shipment

10

Unit

5 5 3 0 1 3 5

0 2 2

116

11

87

35

5

103

172

45

9

27

9

0

14

2 1 2 3 4 5 1

0

20

40

60

80

100

120

140

160

180

200

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

Taiwan

China

Over Sea

2015 Shipment by Geographic

RF Probe & AST

For J.P. Morgan’s Global TMT Conference 2015 Only

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RF Probe

AST

12

Thermal

http://www.mpi-thermal.com/media/

Who Are Our Target Customers?

*IDM: Integrated Device Manufacturer. **OSAT: Outsourced Semiconductor Assembly and Test

Stand alone

Industrial

Research

facilities

Gov’t Labs

and institutes

University

Research

University

Teaching

Labs

EDUCATION

MARKET

RESEARCH

MARKET

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Financial Statements

For J.P. Morgan’s Global TMT Conference 2015 Only

Balance Sheet Highlight

Amount: NT$ Million 3Q 2015 3Q 2014

Cash and Cash Equivalents 549 8% 685 12%

Fixed Assets 3,384 51% 2,286 39%

Total Assets 6,659 100% 5,827 100%

LT Debt 252 4% 60 1%

Shareholders' Equity 3,680 56% 3,497 60%

EBITDA 338 457 *EBITDA=operating income + depreciation & amortization expenses

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Income Statement

NT$1,000

Net Sales 1,058,920 100% 3,009,613 100%

Cost of Goods Sold 578,472 55% 1,623,715 54%

Gross Profit 480,448 45% 1,385,898 46%

Operating Expense 386,084 36% 1,087,415 37%

Operating Income 94,834 9% 301,426 10%

Investment Income & Others 22,682 2% 37,228 1%

Net Income (before tax) 99,625 9% 275,804 9%

EPS (before tax) 1.25 3.47

2015' Q3 2015 1-3Q

Net Sales NT$ 1,000

0

100,000

200,000

300,000

400,000

500,000

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

2012

2013

2014

2015

R&D Expenses, Capex and Depreciation

CAPEX and Depreciation Expenses R&D Expenses

225,637

424,074

83,970

409,913

576,097

63,553 81,513

112,482 120,897

154,925

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

2011 2012 2013 2014 2015 1-3Q

Capex Depreciation Expenses

11%

20% 20% 18%

20%

0%

5%

10%

15%

20%

25%

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

2011 2012 2013 2014 2015 1-3Q

R&D % of Total Sales

NT$ 1,000 NT$ 1,000

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Thank You

http://www.mpi-corporation.com