Gogoro Inc.

Good day and thank you for standing by. Welcome to the Gogoro Q2 2026 earnings conference call. At this time all participants are in a listen-only mode. After the speaker's presentation there will be a question and answer session. To ask a question during the session over the phone lines you will need to press star 1 and 1 on your telephone and you will hear an automated message advising your hand is raised. To withdraw your question you can press star 1 and 1 again. Alternatively, you may submit your questions via the webcast by typing it into the box and clicking submit. Please be advised today's conference is being recorded. Right now, I'd like to hand the conference over to your first speaker today, Wendy Lee.

Please go ahead. Thank you, operator. Welcome to GoGrowth's 2026 Second Quarter Earnings Conference Call hosted by our CEO, Henry Chiang, and CFO, Bruce Aitken. Hopefully by now you've had an opportunity to review our earnings release and investor presentation, both of which are available on the Investors Relations section of our website. Henry will begin with an overview of our business performance and strategic priorities, followed by Bruce, who will review our financial results in greater detail. We will then open the call for Q&A. Before we begin, please note that today's discussion contains four looking statements including statements regarding our business outlook, future financial performance, growth, product launches, and future priorities and strategic initiatives. These statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to today's earnings release in our SEC filings for additional information. A more detailed discussion of the risks and uncertainties that could cause actual results to differ materially is contained in our earnings release issued today and in our filings with the SEC, including our annual report on Form 20-F, each of which is readily available on the investor relations section of our website and at www.sec.gov. Any forward-looking statements, including our guidance, speak only as of today's date. and we undertake no obligation to update them except as required by law. Today's discussion will also include certain non-IFRS financial measures, reconciliations to the most directly comparable IFRS measures and additional information can be found in our earnings release. And with that, let me turn the call over to Henry.

Thanks, Wendy. Thank you everyone for joining us today. The second quarter marks an important milestone for Gogoro. Over the past two years, we've remained focused on strengthening the fundamentals of our business, improving operational discipline, simplifying our cost structure, and executing a more focused product strategy. This quarter, we're beginning to see those efforts translate into tangible business results. Revenue returned to year-over-year growth. The gross margin reached its highest quarterly level in more than five years. Operating cash flow continued to strengthen. At the same time, Our newest products gained encouraging customer traction and supported a recovery in our market position. Taken together, these results reinforce our confidence that the strategy we've been executing is working. More importantly, they demonstrate that we're building a healthier business, one capable of delivering both sustainable growth and improving profitability. Let me begin with our products. One of the priorities we've discussed over the past year has been transforming our product portfolio from the ground up, reaching new customer segments while preserving the Gogoro writing experience. I'm pleased to say that the first phase of our multi-year product renaissance is off to an exceptional start. Easy, our Disney Toy Story series and Gogoro Luna represent the first wave of a broader product strategy designed to strengthen our core franchise, attract new consumers and expand our addressable market. The EZ family is strategically designed for consumers seeking simple, hassle-free everyday mobility and its performance continues to exceed our expectations. During the quarter, it contributed more than one-third of our scooter sales revenue and attracted family-oriented consumers into the Gogoro ecosystem. We continue to see family-oriented consumers as an important pillar of Gogoro's long-term growth strategy. Gogoro is the leading scooter brand among female riders. As part of our strategy to expand our product portfolio to this targeted consumer group, we introduced Gogoro Luna toward the end of the quarter, our newest premium scooter designed specifically for female riders. Gogoro Luna is more than just a new model. It represents the next phase of our product portfolio strategy. Showing absolute empathy for our consumers is the guiding principle behind Gogoro's product development. Our goal was to create a scooter that women find effortless to ride, beautiful to look at, and practical for daily use. As daily life grows increasingly busy and women balance more roles, we believe a Gogoro product should serve as a true partner and supporter, matching the rhythm of life. Helping people navigate each day smoothly and empowering them to embrace every role with ease and confidence. This was our core motivation in crafting a brand new product tailored specifically for women. We believe this scooter will become a benchmark in the female scooter market. and results have already proven that our empathy truly resonates with consumers. We believe one standout innovation is its innovative, effort-saving center stand, requiring just 47 kilograms of stepping force, making parking significantly easier, particularly for petite riders and in tight urban spaces. The early market response has been very encouraging, Rather than relying on a single flagship model, we're building a portfolio designed around distinct customer needs. We believe this approach better positions us to expand our addressable market while strengthening the long-term competitiveness of our hardware business. We are also encouraged by the improvement in our market position. During the quarter, our market share recovered to approximately 6%, reflecting stronger customer demand for our newest products. While Taiwan's overall scooter market remains competitive, we believe our recent launches demonstrate that innovation Thoughtful product positioning and disciplined execution continue to differentiate Gogoro. Ultimately, our goal is not simply to launch more scooters. We are building a broader and more relevant product portfolio that can bring more consumers into the Gogoro ecosystem, expand our addressable market, and create a stronger foundation for sustainable growth. Beyond hardware, our recurring energy business continues to provide the stability that sets Gogoro apart. Our subscriber base grew to approximately 677,000, reflecting continued year-over-year growth. Although the continued success of entry-level vehicles has modestly affected average revenue per subscriber, the expansion of our subscriber base Thank you very much. In Q2, we delivered our strongest operating performance to date, with expenses coming in below budget while continuing to improve year over year. More importantly, these improvements are now translating into tangible financial progress and strengthening the underlying economics of the network. What is particularly exciting is seeing this progress validate the thesis behind Gogoro Network. We remain deeply committed to delivering clean, efficient and increasingly accessible energy to urban communities, and we are encouraged to see the business model increasingly demonstrate both operational scalability and financial viability. As we continue to scale the network, improve efficiency, and expand adoption, we believe we are building not only a more profitable business, but also a sustainable energy platform that can play an important role in the future of urban mobility. This is what we are passionate about building and seeing the model increasingly validated by both our operating results and financial performance gives us tremendous confidence in the opportunity ahead. Looking ahead, our priorities remain unchanged. We'll continue executing our focused product strategy. We'll continue improving the efficiency and profitability of the Gogoro network. And we'll continue allocating capital with discipline while investing in opportunities that support sustainable long-term growth. Before I hand the call over to Bruce, I'd like to take a moment to recognize that today's call marks his final earnings call as Gogoro's Chief Financial Officer, following our recent announcement. Bruce has been an exceptional partner over the past eight years and has played an instrumental role in building the financial foundation that supports Gogoro today. I'll have an opportunity to say more before we conclude the call, but on behalf of all of us Bruce, thank you for your leadership and your many contributions. With that, let me turn the call over to Bruce.