2015Q3 Investor conference Strategic marketing Jacky_Chou (周德雲) Investor relations (IRO) Vivian_Mao (毛廷方) 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: 540) 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) Sitronix product strategy Mobile display (產品策略) 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 (89.97%) SOC Touch Controller IC ( 觸控 IC 及 其他非顯示器 IC ) Subsidiaries (87.12%) (45.76%) (69.53%) 2 Sitronix Confidential. Do Not Copy or Distribute. Mobile Display Driver IC update 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 (14Q4 MP) - Zero Cap. WVGA_800x480 (13Q4 MP) HD720_1280x720 (14Q4 MP) 3 Sitronix Confidential. Do Not Copy or Distribute. SOC (昇佳) update -- Light relative sensor 2012Q4 (MP) Ambient Light Sensor (環境光傳感器) Smartphone market > 80M (2014) 2 in 1 P-sensor for smartphones: CMOS Circuit Standard P-sensor ALS + P-sensor (IR LED) P-sensor with motion gesture control (手勢偵測/控制_應用) ALS + P-sensor with gesture (IR LED) Proximity Sensor support 2D gesture control (2方向手勢控制) support 4D gesture control (4方向手勢控制) (距離傳感器) CMOS circuit P-sensor with small sensor hole (小孔徑_應用) ALS + P-sensor (Laser) -- MEMS sensors Accelerometer (加速度傳感器) 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. SOC Touch Products Support touch + DDI total solution Industrial C-Touch •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) Automotive STN / Mono TFT •車用音響顯示 (Audio) •車載儀表顯示(Dashboard) 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) Smartphone In-cell touch TDDI • Smartphone display driver with touch 5 Sitronix Confidential. Do Not Copy or Distribute. I & A Display Driver IC update Industrial DDI : 2014 > 250M pcs Medical devices Health care products Wearable & sport devices Automotive DDI : 7~ 9 inch display < 6 inch display 6 Sitronix Confidential. Do Not Copy or Distribute. Internet of things (IOT) _ 物聯網相關應用 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 / Touch IC 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 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 controller V V - Power IC V V - MCU / DSP V - - Light sensor V - - MEMS sensor V - - Product line 8 Sitronix Confidential. Do Not Copy or Distribute. 2014~2015 Monthly revenue review (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 6,337,663 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% 15.4% -0.4% 1,530,254 29.7% 31.8% 1,798,491 23.3% 2015 YoY Month 790,106 528,502 780,067 42.8% 737,812 641,564 703,388 20.4% 770,813 811,272 21.8% Quarterly amount 27.0% 39.1% 37.1% 2,098,675 5.0% 22.4% YoY Quarter 15.8% 2,082,764 17.6% 24.8% 2,085,032 19.2% 21.7% 2,181,372 5,763,524 Jan.~Aug. 23.9% Revenue by product mix (Quarterly) _季營業額依產品別 19.8 % 22.4 % 2012 Sitronix Confidential. Do Not Copy or Distribute. 2013 2014 2,098 2,082 2015 10 2012~2014 Revenue & EPS review YoY growth 19.8 % 2015上半年(1H)合併營收 : 營收淨額 4,181,439 千元 YoY (1H) + 25.61 % 2,098 7595M 2014(f) 2,082 YoY growth 22.4 % 2015 6338M 2013 2014 YoY growth 13.3 % 2013 2012 Year 2015 2014 2013 2012 5178M 2015上半年(1H)合併營業利益 : 營業淨利 418,512 千元 營業利益率 10.01% 營業毛利率 27.15% EPS (1H) 2.98 (YoY: +21.6%) 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% 2012 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 sensor ) 19.8 % 22.4 % Sensor 10% 13.3 % 2016 target 10,000M ntd SP DDI – 8% FP DDI -- 43% Unit: M ntd 12 Sitronix Confidential. Do Not Copy or Distribute. Thank you Strategic marketing: Jacky_Chou ( 周德雲 ) Tel: +886-2-2659 1276 Ext: 2206 Mobile phone : +886 922 443 880 E-mail: [email protected] Sitronix Confidential. Do Not Copy or Distribute. 2015Q2 Consolidated income statement (合併營收季報) Item Net Sales (營業收入淨額) 2Q15 1Q15 Results Results 2,082,764 2015 1-6 2,098,675 4,181,439 4Q14 3Q14 2Q14 1Q14 Results Results Results Results 2,181,372 2,085,033 1,798,491 2014 Total 7,595,150 1,530,254 Gross Profit (銷貨毛利) 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% Operating Expense (營業費用) 350,335 17% 366,214 18% 716,549 385,002 18% 335,410 16% 311,214 17% 285,622 19% 1,317,248 17% Operating Income (營業淨利) 175,340 8% 243,172 11% 418,512 206,122 9% 204,522 10% 185,825 10% 152,025 10% 748,494 10% Income before Tax (稅前淨利) 179,122 8% 241,853 12% 420,975 269,520 12% 231,901 11% 177,955 10% 168,400 11% 847,776 11% Net Income (淨利) 153,078 7% 197,709 350,787 237,017 11% 195,579 146,576 139,402 718,574 10% EPS(元) 1.33 2015 1.65 9% 2.98 1.97 1.60 9% 1.23 8% 1.22 9% 6.02 2014 註:採用 IFRS 編制基礎。 2015Q2 Consolidated Balance Sheet (合併資產負債表) Item 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 AR (應收帳款) 943,147 994,373 913,775 894,974 753,387 707,720 Inventory (存貨) 1,759,585 1,317,271 1,048,468 935,256 1,213,008 1,332,576 Total Liability (負債總計) 3,487,090 2,509,965 2,232,944 1,607,721 1,698,321 1,575,554 AP (應付帳款) 1,293,716 1,054,514 964,759 812,049 675,301 794,596 Shareholder Eqt. (股東權益) 3,812,708 4,278,636 4,089,758 3,820,593 3,652,090 3,847,264 Total Assets (資產總計) Current Assets (流動資產) Cash & Equivalents (現金及約當現金) 註:採用 IFRS編制基礎。 SOC (鈊創) Products -- DSP (Digital audio) 8/16/32 bit MCU -- Card reader (e-Payment) SOC (極創) Products -- AC side Power management & PWM IC Power Management IC 16 Sitronix Confidential. Do Not Copy or Distribute.