Q2 2015 Investor Conference 東tr當t稅g總c 應當rk稅t總ng Jacky Chou Sitronix Confidential. Do Not Copy or Distribute. Brief Company Overview Company Name Sitronix Technology Corp. Established July 9,1998 Market capitalization 300M USD Chairman and CEO Vincent Mao President William Wang Employees 320 (Group: 520) Head office Hsinchu, Taiwan Sales office Taipei, Shenzhen, Shanghai IPO Listing December 25, 2003 Subsidiaries Head office (Hsinchu Tai Yuen Hi-Tech Industrial Park, Taiwan) Product Strategy Mobile display Industrial & Automotive display Industrial Display Driver IC Mobile Display Driver IC Automotive Display Driver IC SOC Touch Controller IC Sensors 10% Subsidiaries Subsidiaries (89.97%) (87.12%) (45.76%) (69.53%) 2 Sitronix Confidential. Do Not Copy or Distribute. Mobile Display Driver IC Small size DDI : QQVGA(160x120) - Zero Cap. QCIF(220x176) - Zero Cap. QVGA(320x240) - Zero Cap. WQVGA(400x240) - Zero Cap. 2014 > 450M pcs Wearable / health care / sports devices / IOT … Smartphone DDI : WVGA_800x480 (13Q4 MP) 2014 > 30M pcs Smartphone DDI – 2015 : HVGA_480x320 (14 Q4 MP) - Zero Cap. WVGA_800x480 (13 Q4 MP) HD720_1280x720 (14 Q4 MP) 3 Sitronix Confidential. Do Not Copy or Distribute. SOC -- Light relative sensors Am益總稅nt L總g約t 東稅nsor CMOS Circuit 2012 Q4 (MP) Smartphone market > 80M (2014) 2 in 1 P-sensor for smartphones: 東t當n礎當r礎 收-s稅nsor ALS + P-sensor (IR LED) 收-s稅nsor w總t約 mot總on g稅st註r稅 contro股 ALS + P-sensor with gesture (IR LED) 收ro資總m總ty 東稅nsor supports 2D gesture control supports 4D gesture control CMOS circuit 收-s稅nsor w總t約 sm當股股 s稅nsor 約o股稅 ALS + P-sensor (Laser) -- MEMS sensors Acc稅股稅rom稅t稅r CMOS Circuit MEMS Process 2013Q4(MP) Tablet PC market > 20M pcs (2014) 2014Q4(MP) ~ 2015 Smart phone market 4 Sitronix Confidential. Do Not Copy or Distribute. Industrial & Auto Display Driver IC Industrial DDI : 2014 > 250M pcs Medical devices Health care products Wearable & sport devices Automotive DDI : 7~ 9 inch display < 6 inch display 5 Sitronix Confidential. Do Not Copy or Distribute. Application penetration by product line 基ons註m稅r 帳n礎註str總當股 A註tomot總v稅 東TN DD帳 款 款 款 s現TFT DD帳 款 款 款 m-TFT DD帳 款 款 款 To註c約 contro股股稅r 款 款 - 收ow稅r 帳基 款 款 - 應基極 / D東收 款 - - L總g約t s稅nsor 款 - - 應E應東 s稅nsor 款 - - 收ro礎註ct 股總n稅 6 Sitronix Confidential. Do Not Copy or Distribute. Internet of things (IOT) Smart Home STN / TFT driver IC / ABL sensor / P-sensor Smart Grid (Electric / water / Gas meter ) TN / STN driver IC Wearable devices STN / TFT driver IC / ABL sensor / G-Sensor Internet of Vehicles TN / STN / mono TFT / color TFT display driver IC G1 G2 Wearable device G3 + RF Sitronix Confidential. Do Not Copy or Distribute. 7 Wearable applications -- Smart watch display Android wear OS supported display resolution 240x240 -- QVGA 320x320 -- HVGA Size Sitronix Confidential. Do Not Copy or Distribute. 1.6 inch 8 2014 - 2015 monthly revenue (K) ntd 1 2 3 4 5 6 7 8 9 10 11 12 Total 2013 481,202 360,529 562,878 514,822 470,939 436,088 533,193 559,603 610,670 611,181 587,379 609,179 Quarterly amount 2014 YoY Quarterly Month amount 2015 YoY Month 790,106 528,502 780,067 42.8% 20.4% 21.8% 15.0% 1,404,609 553,150 416,200 560,904 19.0% 1,421,849 612,759 610,847 574,885 31.8% 1,798,491 737,812 641,564 703,388 18.7% 770,813 1,703,466 632,679 689,981 762,372 21.1% 1,807,739 739,879 700,228 741,265 7,595,150 19.8% 6,337,663 15.4% -0.4% 1,530,254 29.7% Quarterly amount 27.0% YoY Quarter 37.1% 39.1% 2,098,675 5.0% 15.8% 22.4% 2,082,764 23.3% 24.8% 2,085,032 19.2% 21.7% 2,181,372 Jan. ~ Jul. 25.0% Unit: NTD thousand Accounting standard: IFRS Sitronix Confidential. Do Not Copy or Distribute. 9 Revenue by product (quarterly) 19.8 % 22.4 % 2012 Sitronix Confidential. Do Not Copy or Distribute. 2013 2014 2,098 2,082 2015 10 2012 - 2014 Revenue & EPS 淨o淨 growt約 19.8 % H1 YoY: + 25.61 % 2,098 7595M 2014(f) 2,082 2015 淨o淨 growt約 22.4 % 6338M 2013 2014 淨o淨 growt約 13.3 % 5178M 2013 2012 H1 EPS YoY: + 21.63 % 2012 Year 2015 2014 2013 2012 Q1 Q2 Q3 EPS GM EPS GM 1.65 1.22 0.72 0.61 29% 1.33 1.23 0.77 0.87 25% 29% 24% 29% 27% 26% 26% Q4 Annual EPS GM EPS GM EPS GM 1.60 0.99 0.78 26% 1.97 1.15 0.74 27% 6.02 3.63 3.01 27% 24% 24% 23% 24% 24% 25% 11 Sitronix Confidential. Do Not Copy or Distribute. 2015 Growth Mobile DDI + SOC ( P + G sensors ) 19.8 % 22.4 % Sensors 10% 13.3 % 2016 target 10,000M ntd Smart phone DDI – 8% Feature phone DDI -- 43% Unit: M ntd 12 Sitronix Confidential. Do Not Copy or Distribute. Thank you Strategic Marketing Jacky Chou Tel: +886-2-2659 1276 Ext: 2206 Mobile phone : +886 922 443 880 E-mail: [email protected] Sitronix Confidential. Do Not Copy or Distribute. Q2 2015 consolidated income statement 帳t稅m N稅t 東當股稅s ( ) 2Q15 1Q15 R稅s註股ts R稅s註股ts 2,082,764 2015 1-6 2,098,675 4,181,439 4Q14 3Q14 2Q14 1Q14 R稅s註股ts R稅s註股ts R稅s註股ts R稅s註股ts 2,181,372 2,085,033 1,798,491 2014 Tot當股 7,595,150 1,530,254 存ross 收rof總t ( ) 525,675 25% 609,386 29% 1,135,061 591,124 27% 539,932 26% 497,039 27% 437,647 29% 2,065,742 27% 採p稅r當t總ng E資p稅ns稅 ( ) 350,335 17% 366,214 18% 716,549 385,002 18% 335,410 16% 311,214 17% 285,622 19% 1,317,248 17% 採p稅r當t總ng 帳ncom稅 ( ) 175,340 8% 243,172 11% 418,512 206,122 9% 204,522 10% 185,825 10% 152,025 10% 748,494 10% 帳ncom稅 益稅for稅 T當資 ( ) 179,122 8% 241,853 12% 420,975 269,520 12% 231,901 11% 177,955 10% 168,400 11% 847,776 11% N稅t 帳ncom稅 ( ) 153,078 7% 197,709 350,787 237,017 11% 195,579 146,576 139,402 718,574 10% E收東( ) 1.33 2015 1.65 9% 2.98 1.97 1.60 9% 1.23 2014 8% 1.22 9% 6.02 Unit: NTD thousand (except EPS) Accounting standard: IFRS Q2 2015 consolidated balance sheet 帳t稅m 2015/6/30 2015/3/31 2014/12/31 2014/9/30 2014/6/30 2014/3/31 7,299,798 6,788,601 6,322,702 5,428,314 5,350,411 5,422,818 5,614,364 5,058,980 4,626,392 4,140,921 4,102,502 4,167,250 1,260,175 1,285,325 1,198,436 1,461,285 839,208 1,232,547 943,147 994,373 913,775 894,974 753,387 707,720 帳nv稅ntory ( ) 1,759,585 1,317,271 1,048,468 935,256 1,213,008 1,332,576 Tot當股 L總當益總股總ty ( ) 3,487,090 2,509,965 2,232,944 1,607,721 1,698,321 1,575,554 A收 ( 1,293,716 1,054,514 964,759 812,049 675,301 794,596 3,812,708 4,278,636 4,089,758 3,820,593 3,652,090 3,847,264 Tot當股 Ass稅ts ( ) 基註rr稅nt Ass稅ts ( ) 基當s約 & Eq註總v當股稅nts ( ) AR ( ) ) 東約當r稅約o股礎稅r Eqt. ( ) 付 帳FR東 Unit: NTD thousand Accounting standard: IFRS SOC To註c約 收ro礎註cts Supports touch + DDI total solution Industrial C-Touch •CID •Audio •Rear-Seat Entertainment Systems Automotive STN / Mono TFT •Audio •Dashboard Color TFT •Central Information Display (CID) •Navigation •Rear-Seat Entertainment Systems Smartphone In-cell touch TDDI • Smartphone display driver with touch 16 Sitronix Confidential. Do Not Copy or Distribute. SOC ( ) 收ro礎註cts -- DSP (Digital audio) 8/16/32 bit MCU -- Card reader (e-Payment) SOC ( ) 收ro礎註cts -- AC side Power management & PWM IC Power Management IC 17 Sitronix Confidential. Do Not Copy or Distribute.