8016:TT Investor Conferences Q1 2016 Strategic Marketing Director Jacky Chou 周德雲 0 Investor Relations Officer Vivian Mao 毛廷方 Sitronix Confidential. Do Not Copy or Distribute. 關於我們 Company Name Sitronix Technology Corp. Established July 9, 1998 Market capitalization 350M USD Vincent Mao President William Wang Employees 330 (Group: 565) Headquarters Hsinchu, Taiwan Sales offices Taipei, Shenzhen, Shanghai IPO Listing December 25, 2003 Subsidiaries Headquarters Tai Yuen Hi-Tech Industrial Park, Hsinchu, Taiwan 1 Chairman and CEO 產品策略 Mobile Mobile display display Industrial Industrial & & Automotive Automotive display display SOC SOC Mobile Display Driver IC Industrial Display Driver IC Automotive Display Driver IC Touch Controller IC (手機顯示器) (工控顯示器) (車載顯示器) 其他非顯示器 IC ) Subsidiaries (71.43%) ( 觸控 IC 及 Subsidiaries (87.12%) (45.76%) 2 (63.89%) Sitronix Confidential. Do Not Copy or Distribute. 產品組合: 高成長 & 高毛利 High growth, low baseline High gross margin & niche markets Mobile MobileDDI DDI 3 Touch TouchProducts Products Sitronix Confidential. Do Not Copy or Distribute. Mobile Mobile Display Display Driver Driver Ics手機螢幕驅動晶片 Ics手機螢幕驅動晶片 Small Small size size DDI DDI :: QQVGA QQVGA (160x120) (160x120) -- Zero Zero Cap. Cap. QCIF QCIF (220x176) (220x176) -- Zero Zero Cap. Cap. QVGA QVGA (320x240) (320x240) -- Zero Zero Cap. Cap. WQVGA (400x240) Zero WQVGA (400x240) - Zero Cap. Cap. 2014: 2014: 2015: 2015: > > 450M 450M pcs pcs > 500M pcs > 500M pcs Wearable / healthcare / sports devices / IOT … Smartphone Smartphone DDI DDI 2014-15: 2014-15: HVGA HVGA 480x320 480x320 (Q4 (Q4 14 14 MP) MP) -- Zero Zero Cap. Cap. WVGA 800x480 (Q4 13 MP) WVGA 800x480 (Q4 13 MP) HD720 HD720 1280x720 1280x720 (Q4 (Q4 14 14 MP) MP) > > 30M 30M pcs pcs > 80M pcs > 80M pcs HVGA HVGA 480x320 480x320 (Q4 (Q4 14 14 MP) MP) -- Zero Zero Cap. Cap. WVGA WVGA 800x480 800x480 (Q4 (Q4 15) 15) -- Zero Zero Cap. Cap. HD720 HD720 1280x720 1280x720 (Q1 (Q1 16) 16) -- Zero Zero Cap. Cap. FHD 1920x1080 (2016) Zero Cap. FHD 1920x1080 (2016) - Zero Cap. 4 2014: 2014: 2015: 2015: Smartphone Smartphone DDI DDI 2016: 2016: Sitronix Confidential. Do Not Copy or Distribute. 昇佳 SOC SOC Light sensors Smartphone Smartphone market market Q4 Q4 2012 2012 MP MP 2014: >80M 2014: >80M pcs pcs 2015: 2015: >100M >100M pcs pcs Ambient Light Sensors (環境光傳感器) CMOS Circuit 2-in-1 P-sensors for smartphones √ IR LED standard ABL + P-sensors √ IR LED gesture control ABL + P-sensors Proximity Sensors (距離傳感器) supports both 2D & 4D √ Laser P-sensors with small sensor holes CMOS circuit MEMS sensors CMOS Circuit MEMS Process Sitronix Confidential. Do Not Copy or Distribute. 2014 2014 Tablet Tablet market market 2015 2015 -- 2016 2016 Smartphone Smartphone market market > > 20M 20M (2015) (2015) 5 Accelerometers (加速度傳感器) SOC SOC Touch Products觸控產品 C-Touch STN / Mono TFT •中央資訊顯示器 (CID) •車載音響導航顯示器 (Audio) •後座娛樂顯示器 (Entertainment) Industrial •車用音響顯示 (Audio) •車載儀表顯示(Dashboard) Touch + DDI total solution Color TFT •中央資訊顯示器 (CID) •車載音響導航顯示器 (Navigation) •後座娛樂顯示器 (Entertainment) Automotive In-cell touch TDDI • Smartphone display drivers with touch 6 Smartphone Sitronix Confidential. Do Not Copy or Distribute. 工控Industrial 工控Industrial Display Display Driver Driver ICs ICs Office Automation & Home automation Industrial Instruments Portable medical devices / Healthcare products / Wearable & sports devices Industrial Industrial display display driver driver IC IC shipment shipment 7 >250M >250M pcs pcs Sitronix Confidential. Do Not Copy or Distribute. 車載Automotive 車載Automotive Display Display Driver Driver ICs ICs < < 66 inch inch displays displays 77- 99 inch inch displays displays Segment TN Character TN Graphic STN Mono TFT 8 Color TFT Sitronix Confidential. Do Not Copy or Distribute. 物聯網相關應用及產品供應商 Smart home Smart grid Sitronix Confidential. Do Not Copy or Distribute. Smart city Intelligent transportation systems Electric vehicles Internet of cars 9 Mobile internet devices Mobile payment Internet of Things (IOT) 物聯網相關應用 TN TN // STN STN // mono mono TFT TFT // color color TFT TFT display display driver driver IC IC ABL ABL sensors sensors // P-sensors P-sensors // GGsensors sensors // ee ++ G-sensors… G-sensors… Power Power IC IC // Touch Touch IC IC // Wearable devices 10 e-Payment e-Payment MCU MCU systems... systems... Sitronix Confidential. Do Not Copy or Distribute. 10 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 - - P-sensors V - - MEMS sensors V - - Product line 11 市場滲透依產 市場滲透依產品線 11 Revenue by product 營收依產品類別 YoY 22.0% YoY 19.8 % YoY 22.4 % Sitronix Confidential. Do Not Copy or Distribute. 2013 2014 2,098 2,082 2,473 2,610 2015 2015 12 2012 12 Monthly revenue 月營收, 2013 - 2016 NTD thousands 2013 Quarterly 2014 YoY Quarterly 2015 YoY Quarterly 1 2 3 4 5 6 7 8 9 10 11 12 481,202 553,150 15.0% 790,106 42.8% 360,529 416,200 15.4% 528,502 27.0% 560,904 -0.4% 1,530,254 780,067 39.1% 2,098,675 514,822 612,759 19.0% 737,812 20.4% 470,939 610,847 29.7% 641,564 5.0% 574,885 31.8% 1,798,491 703,388 22.4% 2,082,764 533,193 632,679 18.7% 770,813 21.8% 559,603 689,981 23.3% 811,272 17.6% 762,372 24.8% 2,085,032 891,903 17.0% 2,473,988 611,181 739,879 21.1% 851,738 15.1% 587,379 700,228 19.2% 860,924 22.9% 741,265 21.7% 2,181,372 898,019 21.1% 2,610,681 YTD 6,337,663 562,878 436,088 610,670 609,179 1,404,609 1,421,849 1,703,466 1,807,739 7,595,150 19.8% 9,266,108 22.0% 2016 YoY 882,133 11.6% 882,133 11.6% Sitronix Confidential. Do Not Copy or Distribute. 13 Unit: NTD thousands Accounting standard: IFRS 13 營收 & EPS, 2012 - 2015 2,610 9.266B 2015 2,473 7.595B 2,098 2014 2,082 2015 6.338B 2013 2014 5.178B 2012 2013 2012 2015 2015 2014 2014 2013 2013 2012 2012 Q1 Q1 EPS EPS Q2 Q2 Q3 Q3 GM GM EPS GM EPS EPS GM EPS 1.65 29% 1.33 25% 1.97 1.65 29% 1.33 25% 1.97 1.22 29% 1.23 27% 1.60 1.22 29% 1.23 27% 1.60 Q4 Q4 GM GM EPS EPS 26% 26% 26% 26% 0.99 24% 0.99 24% Annual Annual GM GM EPS EPS GM GM 4.95 27% 4.95 27% 1.97 27% 6.02 27% 1.97 27% 6.02 27% 1.15 23% 3.63 24% 1.15 23% 3.63 24% 0.72 24% 0.77 26% 0.72 24% 0.77 26% 0.61 29% 0.87 26% 0.78 24% 0.74 24% 3.01 25% 0.61 29% 0.87 26% 0.78 24% 0.74 24% 3.01 25% 14 Year Year 14 2016 成長動能: mobile DDI & SOC ( P & G sensors ) 2011 2012 2013 2014 Gross Margin 26% 25% 24% 27% EPS 2.48 3.01 3.63 6.02 Cash Dividend 2 2.5 3 4.5 15 Unit: $100 M NTD 15 Thank you Investor Relations Officer Vivian Mao 毛廷方 Tel: +886-2-2659 1276 Ext: 2395 Mobile phone : +886 918 378 547 E-mail: [email protected] Web site: http://www.sitronix.com.tw 16 Strategic Marketing Director Jacky Chou 周德雲 Tel: +886-2-2659 1276 Ext: 2206 Mobile phone : +886 922 443 880 E-mail: [email protected] Office: 台北市內湖區瑞光路608 608號6 608 6樓 Sitronix Confidential. Do Not Copy or Distribute. Q3 2015 合併損益表 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 7,595,150 651,189 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 1.65 2014 Unit: NTD thousand (except EPS) Accounting standard: IFRS 17 Gross Profit (銷貨毛利) 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) Unit: NTD thousand Accounting standard: IFRS 18 Q3 2015合併資產負債表 SOC SOC 鈊創 -- DSP (digital audio) 8/16/32 bit MCU -- Card reader (e-Payment) SOC SOC 極創 -- AC side power management & PWM IC 19 Power Management IC Sitronix Confidential. Do Not Copy or Distribute. 多元化應用 Smartphone Smartphone DDI DDI Automotive Automotive DDI DDI 20 Small-size Industrial DDI DDI Small-size color color TFT TFT DDI DDI Industrial Sitronix Confidential. Do Not Copy or Distribute.