簡報資料

Q4 2015
Investor Conferences
帳nv稅stor R稅股當t總ons Off總c稅r
Vivian Mao
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 offices
Taipei, Shenzhen, Shanghai
IPO Listing
December 25, 2003
Subsidiaries
Headquarters
Tai Yuen Hi-Tech Industrial Park, Hsinchu, Taiwan
Product Strategy
Mobile display
Mobile
Display
Driver IC
Industrial & Automotive display
Industrial
Display
Driver IC
Automotive
Display
Driver IC
SOC
Touch
Controller IC
Sensors 10%
Subsidiary
(89.97%)
Subsidiaries
(87.12%)
(45.76%)
(69.53%)
Mobile Display Driver ICs
Small size DDI :
QQVGA (160x120) - Zero Cap.
QCIF (220x176) - Zero Cap.
QVGA (320x240) - Zero Cap.
WQVGA (400x240) - Zero Cap.
2014 > 450M pcs
Wearable / healthcare / sports devices / IOT …
Smartphone DDI :
WVGA 800x480 (Q4 13 MP)
2014 > 30M pcs
Smartphone DDI 2015:
HVGA 480x320 (Q4 14 MP) - Zero Cap.
WVGA 800x480 (Q4 13 MP)
HD720 1280x720 (Q4 14 MP)
SOC
Light sensors
Q4 2012 MP
Smartphone market
Am益總稅nt L總g約t 東稅nsors
CMOS Circuit
> 80M (2014)
2-in-1 P-sensor for smartphones:
東t當nd當rd 收-s稅nsor
ALS + P-sensor (IR LED)
收-s稅nsor w總t約 g稅st計r稅 contro股
ALS + P-sensor with gesture (IR LED)
收ro資總m總ty 東稅nsors
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rs
CMOS Circuit
MEMS Process
Q4 2013 MP
Tablet PC market
> 20M pcs (2014)
Q4 2014 MP 2015
Smart phone market
SOC
Touch Products
Supports touch + DDI
total solution
Industrial
C-Touch
•CID
•Audio
•方ear-Seat Entertainment Systems
Automotive
STN / Mono TFT
•Audio
•Dashboard
Color TFT
•Central Information Display (CID)
•Navigation
•方ear-Seat Entertainment Systems
Smartphone
In-cell touch TDDI
• Smartphone display drivers with touch
Industrial & Auto Display Driver ICs
Industrial DDI :
2014
> 250M pcs
Medical devices
Health care products
Wearable & sports devices
Automotive DDI :
7 - 9 inch displays
< 6 inch displays
The 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 /Touch IC
Internet of Vehicles TN / STN / mono TFT / color TFT display driver IC
G1
d
G2
Wearable devices
G3 +
RF
Sitronix Confidential. Do Not Copy or Distribute.
7
Application penetration by product line
Cons計m稅r
帳nd計str總當股
A計tomot總v稅
東TN DD帳
款
款
款
s-TFT DD帳
款
款
款
m-TFT DD帳
款
款
款
To計c約
contro股股稅rs
款
款
-
收ow稅r 帳Cs
款
款
-
應C業 / D東收
款
-
-
L總g約t s稅nsors
款
-
-
應E應東 s稅nsors
款
-
-
收rod計ct 股總n稅
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%
737,812
641,564
703,388
20.4%
21.8%
15.1%
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
24.8% 2,085,032
770,813
811,272
891,903
21.1%
851,738
1,807,739
739,879
700,228
741,265
7,595,150
19.8%
6,337,663
Unit: NTD thousand
Accounting standard: IFRS
15.4%
-0.4% 1,530,254
29.7%
31.8% 1,798,491
23.3%
Quarterly
amount
2,098,675
15.8%
5.0%
22.4%
2,082,764
17.6%
17.0%
Quarter
37.1%
27.0%
39.1%
YoY
18.7%
2,473,988
19.2%
21.7% 2,181,372
7,507,165
Jan. - Oct. 22.0%
Revenue by product (quarterly)
19.8 %
Q1 - Q3
11%
22.4 %
Q1 - Q3
31%
Q1 - Q3
58%
2012
2013
2014
2,098 2,082 2,473
2015
Revenue & EPS, 2012 - 2015
2,473
Jan. - Oct.
Revenue YoY
22.0%
2,098
淨o淨 growt約
19.8 %
2,082
7595M
2015
淨o淨 growt約
22.4 %
6338M
2014
淨o淨 growt約
13.3 %
5178M
2013
2012
Year
2015
2014
2013
2012
Q1
Q2
Q3
Q4
Annual
EPS
GM
EPS
GM
EPS
GM
EPS
1.65
1.22
0.72
0.61
29%
1.33
1.23
0.77
0.87
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
29%
24%
29%
27%
26%
26%
26%
24%
24%
GM
EPS
GM
27%
27%
24%
25%
Q1-Q3
EPS
YoY
22.2%
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
Thank you
Strategic Marketing Director
Jacky Chou
+886-2-2659-1276 ext 2206
[email protected]
Investor Relations Officer
Vivian T.F. Mao
+886-2-2659-1276 ext 2395
[email protected]
Sitronix Confidential. Do Not Copy or Distribute.
Q3 2015 consolidated income statement
帳t稅m
N稅t 東當股稅s
(
)
3Q15
2Q15
1Q15
R稅s計股ts
R稅s計股ts
R稅s計股ts
2,474,988
2,082,764
2,098,675
2015
1-9
4Q14
3Q14
2Q14
1Q14
R稅s計股ts
R稅s計股ts
R稅s計股ts
R稅s計股ts
6,656,427
2,181,372
2,085,033
1,798,491
2014
Tot當股
1,530,254 7,595,150
存ross 收rof總t
(
)
651,189 26%
525,675 25%
609,386 29% 1,786,250
591,124
539,932
497,039
437,647 2,065,742 27%
Op稅r當t總ng
E資p稅ns稅
(
)
405,156 16%
350,335 17%
366,214 18% 1,121,705
385,002
335,410
311,214
285,622 1,317,248 17%
Op稅r當t總ng
帳ncom稅
(
)
246,033 10%
175,340 8%
243,172 11%
664,545
206,122
204,522
185,825
152,025
748,494
10%
帳ncom稅 益稅for稅
T當資
(
)
300,896 12%
179,122 8%
241,853 12%
721,871
269,520
231,901
177,955
168,400
847,776
11%
N稅t 帳ncom稅
(
)
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
E收東( )
1.97
1.33
2015
1.65
2014
Unit: NTD thousand (except EPS)
Accounting standard: IFRS
Q3 2015 consolidated balance sheet
帳t稅m
2015/9/30
2015/6/30
2015/3/31 2014/12/31 2014/9/30 2014/6/30 2014/3/31
Tot當股 Ass稅ts
(
)
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
C當s約 & Eq計總v當股稅nts
(
)
1,127,178
1,260,175
1,285,325
1,198,436
1,461,285
839,208
1,232,547
AR
(
1,056,958
943,147
994,373
913,775
894,974
753,387
707,720
帳nv稅ntory
(
)
1,486,743
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
(
)
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
C計rr稅nt Ass稅ts
(
)
A收
(
)
)
東約當r稅約o股d稅r Eqt.
(
)
Unit: NTD thousand
Accounting standard: IFRS
SOC
-- DSP (Digital audio)
8/16/32 bit MCU
-- Card reader (e-Payment)
SOC
-- AC side power management & PWM ICs
Power Management ICs