8016:TT Investor Conferences Q1 2016 Strategic Marketing Director Jacky Chou 周德雲 Investor Relations Officer Vivian Mao 毛廷方 0 Sitronix Confidential. Do Not Copy or Distribute. Company Overview Company Name Sitronix Technology Corp. Established July 9, 1998 Market capitalization 350M USD Chairman and CEO Vincent Mao President William Wang Employees 320 (Group: 520) Headquarters Hsinchu, Taiwan Sales office Taipei, Shenzhen, Shanghai IPO Listing December 25, 2003 Headquarters (Hsinchu Tai Yuen Hi-Tech Industrial Park, Taiwan) Subsidiaries 1 Taipei office Product Strategy Mobile display Industrial & Automotive display Mobile Display Driver IC Industrial Display Driver IC Automotive Display Driver IC (手機顯示器) (工控顯示器) (車載顯示器) Subsidiaries (71.43%) SOC Touch Controller IC ( 觸控 IC 及 其他非顯示器 IC ) Subsidiaries (87.12%) (45.76%) (63.89%) 2 Product mix: high growth & high gross margin High growth, low baseline High gross margin & niche markets Mobile DDI Touch Products 3 Sitronix Confidential. Do Not Copy or Distribute. Mobile Display Driver IC updates 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 : HVGA_480x320 (14Q4 MP) - Zero Cap. WVGA_800x480 (13Q4 MP) HD720_1280x720 (14Q4 MP) 2014 > 30M pcs Smartphone DDI (2016): HVGA 480x320 (Q4 14 MP) - Zero Cap. WVGA 800x480 (Q4 15) - Zero Cap. HD720 1280x720 (Q2 16) - Zero Cap. FHD 1920x1080 (Q4 15) - Zero Cap. 4 Sitronix Confidential. Do Not Copy or Distribute. SOC Light sensors Q4 2012 MP Smartphone market >80M (2014) Ambient Light Sensors CMOS Circuit 2-in-1 P-sensors for smartphones √ IR LED standard ABL + P-sensors √ IR LED gesture control ABL + P-sensors Proximity Sensors supports both 2D & 4D √ Laser P-sensors with small sensor holes CMOS circuit MEMS sensors Accelerometers CMOS Circuit MEMS Process Q4 2013 MP Tablet market 20M pcs (2014) Q4 2014 MP Smartphone market 5 Sitronix Confidential. Do Not Copy or Distribute. SOC Touch Products Industrial C-Touch •Central Information Display (CID) •Audio •Rear-seat Entertainment Systems Touch + DDI total solution Automotive STN / Mono TFT •Audio •Dashboard Color TFT •Central Information Display (CID) •Navigation •Rear-seat Entertainment Systems In-cell touch TDDI • Smartphone display driver with touch Smartphone 6 Sitronix Confidential. Do Not Copy or Distribute. SOC -- DSP (digital audio) 8/16/32 bit MCU -- Card reader (e-Payment) SOC -- AC side power management & PWM IC Power Management IC 7 Sitronix Confidential. Do Not Copy or Distribute. Industrial Display Driver ICs Office Automation & Home automation Industrial Instruments Industrial display driver IC shipment Portable medical devices / Healthcare products / Wearable & sports devices >250M pcs 8 Sitronix Confidential. Do Not Copy or Distribute. Automotive display driver IC Segment TN < 6 inch display 7~ 9 inch display Character TN Graphic STN Mono TFT Color TFT 9 Sitronix Confidential. Do Not Copy or Distribute. Supplier of IOT devices and solutions Mobile internet devices Mobile payment Smart home Smart grid Sitronix Confidential. Do Not Copy or Distribute. Smart city Intelligent transportation systems Electric vehicles Internet of cars 10 High product variety new applications TN / STN / mono TFT / color TFT display driver IC ABL sensors / P-sensors / G-sensors / e + G-sensors… Power IC / Touch IC / e-Payment MCU systems... Wearable devices 11 Sitronix Confidential. Do Not Copy or Distribute. Revenue by product type (quarterly) 季營業額依產品別 19.8 % Q1-Q3 11% 22.4 % Q1-Q3 31% Q1-Q3 58% 2012 Sitronix Confidential. Do Not Copy or Distribute. 2013 2014 2,098 2,082 2,473 2015 12 Monthly revenue, 2013 - 2015 (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 15.0% 1,404,609 553,150 416,200 560,904 19.0% 1,421,849 612,759 610,847 574,885 18.7% 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 Unit: NTD thousand Accounting standard: IFRS Sitronix Confidential. Do Not Copy or Distribute. 15.4% -0.4% 1,530,254 29.7% 31.8% 1,798,491 23.3% 24.8% 2,085,032 19.2% 21.7% 2,181,372 2015 YoY Month 790,106 528,502 780,067 42.8% 737,812 641,564 703,388 20.4% 770,813 811,272 891,903 21.8% 851,738 860,924 898,019 15.1% 9,266,108 22.0% Quarterly amount 27.0% 39.1% 37.1% 2,098,675 5.0% 22.4% 15.8% 2,082,764 17.6% 17.0% 18.7% 2,473,988 22.9% 21.1% YoY Quarter 19.7% 2,610,681 22.0% Jan. – Dec. Revenue YoY 22.0% 13 Revenue & EPS review, 2012 - 2015 2,610 9266M 2015 2,473 7595M 2,098 2014 2,082 2015 6338M 2013 2014 5178M 2012 2013 Q1-Q3 (2015) EPS YoY 2012 Year 22.2% Q1 EPS Q2 GM EPS 2015 1.65 29% 1.33 2014 1.22 29% 1.23 2013 0.72 24% 0.77 2012 0.61 29% 0.87 Sitronix Confidential. Do Not Copy or Distribute. Q3 Q4 Annual GM EPS GM EPS 25% 1.97 1.60 0.99 0.78 26% 4.95 1.97 27% 6.02 1.15 23% 3.63 0.74 24% 3.01 27% 26% 26% 26% 24% 24% GM EPS GM 27% 27% 24% 25% 14 2015 Growth Mobile DDI + SOC ( P + G sensors ) 19.8 % 22.4 % Sensors 10% 13.3 % 2016 target 10,000M ntd SP DDI – 8% FP DDI -- 43% Unit: M NTD 15 Sitronix Confidential. Do Not Copy or Distribute. Just-released & upcoming DDIs New: Small size DDI Medical / healthcare products Wearable / sports / IOT devices …. Feature phones Smartphone DDI HVGA 480x320 (Q4 14 MP) WVGA 800x480 (Q4 13 MP) HD720 1280x720 (Q4 14 MP) Industrial DDI < 5 inch New: HVGA 480x320 WVGA 800x480 HD720 1280x720 FHD 1920x1080 - Zero Cap. - Zero Cap. - Zero Cap. (Q1-Q2 16) - Zero Cap. New: > 6 inch display drivers Automotive DDI < 6 inch New: 7 - 9 inch display drivers 16 Sitronix Confidential. Do Not Copy or Distribute. Just-released & upcoming sensors Heartbeat detection App U/I Android OS Blood oxygen detection Samsung Display Galaxy Note 4 1440*2560, 515ppi , 5.7 inch Others Heart beat detection Blood Oxygen detection UV detection Light sensors 2016 Light sensors 2015 ABL + P-sensors (IR LED) ABL + P-sensors with gesture (IR LED) ABL + P-sensors with small sensor holes (laser) MEMS sensors 2015 G-sensors in tablets & smartphones Sitronix Confidential. Do Not Copy or Distribute. ABL + P-sensors (IR LED) ABL + P-sensors with gesture (IR LED) ABL + P-sensors with small sensor holes (2.4 x 1.2 m/m) ABL + P-sensors with small sensor holes (2.0 m/m) ABL + P-sensors with small sensor holes (1.5 m/m) MEMS sensors 2016 G-sensors (2 x 2) in smartphones G-sensors + e-Compass in smartphones 17 Application penetration by product line Consumer Industrial Automotive STN DDI V V V s-TFT DDI V V V m-TFT DDI V V V Touch controllers V V - Power ICs V V - MCU / DSP V - - Light sensors V - - MEMS sensors V - - Product line 18 Sitronix Confidential. Do Not Copy or Distribute. Thank you Investor Relations Officer Vivian Mao 毛廷方 Tel: +886-2-2659 1276 ext 2395 E-mail: [email protected] Strategic Marketing Director Jacky Chou 周德雲 Tel: +886-2-2659 1276 ext 2206 E-mail: [email protected] Website: http://www.sitronix.com.tw Taipei office: 6F., No. 608, Ruiguang Rd., Neihu Dist., Taipei City 114, Taiwan 台北市內湖區瑞光路608號6樓 19 Sitronix Confidential. Do Not Copy or Distribute. Q3 2015 consolidated income statement (合併營收季報) Item Net Sales (營業收入淨額) 3Q15 2Q15 1Q15 Results Results Results 2,474,988 2,082,764 2,098,675 2015 1-9 4Q14 3Q14 2Q14 1Q14 Results Results Results Results 6,656,427 2,181,372 2,085,033 1,798,491 2014 Total 1,530,254 7,595,150 Gross Profit (銷貨毛利) 651,189 26% 525,675 25% 609,386 29% 1,786,250 591,124 539,932 497,039 437,647 2,065,742 27% Operating Expense (營業費用) 405,156 16% 350,335 17% 366,214 18% 1,121,705 385,002 335,410 311,214 285,622 1,317,248 17% Operating Income (營業淨利) 246,033 10% 175,340 8% 243,172 11% 664,545 206,122 204,522 185,825 152,025 748,494 10% Income before Tax (稅前淨利) 300,896 12% 179,122 8% 241,853 12% 721,871 269,520 231,901 177,955 168,400 847,776 11% Net Income (淨利) 242,063 10% 153,078 7% 197,709 9% 592,850 237,017 195,579 146,576 139,402 718,574 10% 4.95 1.97 1.60 1.23 1.22 6.02 EPS(元) 1.97 1.33 2015 註:採用 IFRS 編制基礎。 1.65 2014 20 Q3 2015 consolidated balance sheet (合併資產負債表) Item 2015/9/30 2015/6/30 2015/3/31 2014/12/31 2014/9/30 2014/6/30 2014/3/31 Total Assets (資產總計) 6,515,668 7,299,798 6,788,601 6,322,702 5,428,314 5,350,411 5,422,818 4,808,743 5,614,364 5,058,980 4,626,392 4,140,921 4,102,502 4,167,250 Cash & Equivalents (現金及約當現金) 1,127,178 1,260,175 1,285,325 1,198,436 1,461,285 839,208 1,232,547 AR (應收帳款) 1,056,958 943,147 994,373 913,775 894,974 753,387 707,720 Inventory (存貨) 1,486,743 1,759,585 1,317,271 1,048,468 935,256 1,213,008 1,332,576 Total Liability (負債總計) 2,385,566 3,487,090 2,509,965 2,232,944 1,607,721 1,698,321 1,575,554 972,241 1,293,716 1,054,514 964,759 812,049 675,301 794,596 4,130,102 3,812,708 4,278,636 4,089,758 3,820,593 3,652,090 3,847,264 Current Assets (流動資產) AP (應付帳款) Shareholder Eqt. (股東權益) 21 註:採用 IFRS 編制基礎。