簡報資料

Q4 2015
Investor Conferences
Strategic Marketing Director
Jacky Chou 周德雲
Investor Relations Officer
Vivian Mao 毛廷方
0
Sitronix Confidential. Do Not Copy or Distribute.
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%)
1
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 :
WVGA_800x480 (13Q4 MP)
2014 
> 30M pcs
Smartphone DDI – 2015 :
HVGA_480x320 (14Q4 MP) - Zero Cap.
WVGA_800x480 (13Q4 MP)
HD720_1280x720 (14Q4 MP)
2
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I & A Display Driver IC updates
Industrial DDI :
2014
 > 250M pcs
Medical devices
Healthcare products
Wearable & sports devices
Automotive DDI :
7~-9 inch displays
< 6 inch displays
3
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昇佳
SOC
-- Light relative sensor
Q4 2012 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
 supports 2D gesture control (2方向手勢控制)
 supports 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
Q4 2013 MP
Tablet PC market
 > 20M pcs (2014)
Q4 2014 MP -> 2015
Smart phone market
4
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SOC
Touch Products
Supports 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
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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 devices
G3 +
RF
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6
6
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
7
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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
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
27.0%
39.1%
37.1%
2,098,675
5.0%
22.4%
15.8%
2,082,764
17.6%
17.0%
YoY
Quarter
18.7%
2,473,988
19.2%
21.7% 2,181,372
7,507,165
Jan. - Oct.
22.0%
Jan. - Oct.
Revenue YoY
22.0%
8
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
9
Revenue & EPS review, 2012 - 2014
2,473
Jan. - Oct.
Revenue YoY
22.0%
2,098
YoY growth
19.8 %
7595M
2014(f)
2,082
YoY growth
22.4 %
2015
6338M
2013
2014
YoY growth
13.3 %
5178M
2013
2012
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
Q1-Q3
EPS
YoY
22.2%
27%
27%
24%
25%
10
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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
11
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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
Office: 台北市內湖區瑞光路608號6樓
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]
12
Sitronix Confidential. Do Not Copy or Distribute.
DDI - new product development
Small size DDI (2015)
Feature phone
Small size DDI update:
Medical / Health care products /
Wearable / sports / IOT devices ….
Smartphone DDI update:
Smartphone DDI (2015)
HVGA 480x320 (Q4 14 MP) - Zero Cap.
WVGA 800x480 (Q4 13 MP)
HD720 1280x720 (Q4 14 MP)
Industrial DDI
 <5 inch
Automotive DDI  <6 inch
HVGA 480x320 (Q4 14 MP) - Zero Cap.
WVGA 800x480 (Q4 13 MP)
WVGA 800x480 (Q4 15) - Zero Cap.
HD720 1280x720 (Q1 16) - Zero Cap.
FHD 1920x1080 (Q4 15) - Zero Cap.
> 6 inch display driver
7 ~9 inch display driver
13
Sitronix Confidential. Do Not Copy or Distribute.
Different display technologies for a wide range of
applications
Mobile
Automotive DDI
Phone DDI
Small-size
Industrial DDI
Color TFT DDI
14
Sitronix Confidential. Do Not Copy or Distribute.
Sensors: new applications
Heartbeat detection
(心率偵測)
app U/I
(Android
OS)
Blood oxygen detection (血氧飽和濃度偵測 )
Samsung
Display
Others
Galaxy Note 4
1440*2560,
515ppi , 5.7 inch
指紋辨識
心律偵測
(Heart beat detection)
血氧飽和濃度偵測
(Blood Oxygen detection)
紫外線偵測
(UV detection)
Light sensor (2016)
Light sensor (2015)
ALS + P-sensor (IR LED)
ALS + P-sensor with gesture (IR LED)
ALS + P-sensor (Laser)
MEMS sensor (2015)
G-sensor  Tablet PC + Smartphone
ALS
ALS
ALS
ALS
ALS
+ P-sensor (IR LED)
+ P-sensor with gesture (IR LED)
+ P-sensor with small sensor hole (2.4x1.2 m/m)
+ P-sensor with small sensor hole (2.0 m/m)
+ P-sensor with small sensor hole (1.6 m/m)
MEMS sensor (2016)
G-sensor (2 x 2)  Smartphone
G + e-Compass, Q1 16  Smartphone
15
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
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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
1.65
2014
17
註:採用 IFRS 編制基礎。
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)
18
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
Subsidiaries
Headquarters
(Hsinchu Tai Yuen Hi-Tech Industrial Park, Taiwan)
Welcome to our new Taipei office
台北市內湖區瑞光路608號6樓
Reception / lobby
Gym
Break out area
Sitronix Confidential. Do Not Copy or Distribute.
Meeting rooms
Break out area Meeting point
20