旺矽科技股份有限公司 6223.TT. For BofAML 2018 APAC TMT Conference Only

Transcription

1 旺矽科技股份有限公司 6223.TT For BofAML 2018 APAC TMT Conference Only

2 Presentation Disclaimer The information herein contains forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us, including, among other things: the intensely competitive Semi-conductor, and LED industries and markets; Cyclical nature of the semiconductor industry; Risks associated with global business activities; General economic and political conditions. All financial figures discussed herein are prepared pursuant to IFRS. All audited figures will be publicly announced upon the completion of our audited process. 2

3 公司簡介 Photonics Automation Division Established Advanced Semiconductor Test (AST) Division Established MPI Corporation Founded MPI on Taiwan OTC Thermal Test Division Established Founded July, 25, 1995 Paid-in Capital NTD$ 799M ( the latest ) Employees 1514 ( ) 3

4 營業內容 80% Probe Card LED New Business Unit Revenue 4,500,000,000 70% 60% 66% 68% 72% 64% 4,400,000,000 4,300,000,000 4,200,000,000 50% 4,100,000,000 40% 4,000,000,000 30% 34% 30% 3,900,000,000 20% 23% 23% 13% 3,800,000,000 3,700,000,000 10% 0% 5% 0% 2% ,600,000,000 3,500,000,000 4

5 營收分布 NT$ MM Europe 3% Rest of Asia 4% Taiwan 9% China 5% Rest of Europe 1% Asia 13% 4,500 4, Malaysia 25% China 58% USA 25% Taiwan 56% 4,199 3,969 3,788 3, LED Equipment Div Probe card Div. 3,407 3,000 2, ,000 1, , , TAIWAN CHINA USA RoW Total % 19.2% 19.2% 17.8% 100% 5

6 議程 Business Contents Semi-conductor (Probe Card) Photonics Automation (LED) Thermal & AST Financial Statements 6

7 半導體事業部 ( 探針卡 ) For BofAML 2018 APAC TMT Conference Only 7

8 全球探針卡市場概況 35% Memory Applications Epoxy /CPC Advanced P/C Probe Cards $1.37 bn in 2016 CAGR 6.2% Non-Memory 65% Applications Blade/ Tungsten $15.9m Epoxy/Cantilever $166m Advanced Probe Cards $660m 8

9 前十大探針卡供應商 ( ) (Rank) FormFactor, Inc. USA Micronics Japan Co., Ltd. Japan Technoprobe Italy Japan Electronic Materials Japan MPI Corporation Taiwan SV TCL Singapore Microfriend Korea Korea Instrument Korea Cascade Microtech USA FEINMETALL Germany

10 CPC & VPC CPC VPC 10

11 出貨產品結構及主要客戶 90% 80% 70% 73% 76% 68% 66% Top 20 94% 60% 50% Top 15 91% 40% 30% 20% 10% 0% 31% 33% 26% 23% 1% 1% 1% 1% LCD Driver IC Logic Niche Memory Top 86% 10 Top 75% 05 0% 20% 40% 60% 80% 100% 11

12 CPC 及 VPC 成長趨勢 PIN 6,000,000 CPC VPC Gross Margin % 50% 49% 5,000,000 4,000,000 47% 46% 48% 47% 3,000,000 45% 46% 45% 44% 2,000,000 43% 1,000,000 42% 41% % 12

13 全球同業毛利率比較 60% 50% 40% 46.6% 45.4% 40.8% 44.5% 46.7% 44.0% 49.7% 41.8% 41.1% 36.8% 30% 20% 10% 0% 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 F M J MPI 13

14 全球同業營利率比較 30% 20% 10% 10.7% 9.0% 1.8% 6.9% 13.7% 16.7% 15.6% 12.3% 7.2% 0% 0.2% -10% -20% -30% 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 F M J MPI 14

15 發光二極體事業部 (LED) For BofAML 2018 APAC TMT Conference Only 15

16 LED 事業部概覽 Product LED, PD, LD, OLED, µled or other RD > 200 Production Capacity > 150/month 8 BUs Green 16

17 部門里程碑 推出第一台半自動 LED 晶圓點測機 推出 LEDA 品牌 正式推出 SkyWalker 品牌 PA 部門成立 推出自動化光學檢測 (AOI) 系列 挑揀速度突破 85ms 推出 3GP 點測機系列及 M76 挑揀機 推出 T200 Tester 及晶粒點測機 (DP76) 系列 部門英文名稱改為 Photonics Automation 全球累計銷售突破 10,000 台點測機 (Prober) 推出 M60D 全自動高速挑揀機並同時突破 55ms 挑揀速度 17

18 主要產品線 Probing System Wafer Flip chip Single die Testing System Mass production software Integrated spectrum meter Integrated source meter Chip Sorting Mapping sorter Inspection System Chip after dicing Chip after sorting Package Probing Panel Bottom probing Single package Package Testing From low to high power Package Level Chip Scale Package (CSP) Foil to Foil (FTF) Wafer Tape Die Packaging Substrate Photodiode(PD) LED Package Probing 18

19 最大至 8 吋量測完整解决方案 P7202 P7602P P9000 3GS P80C4 4G P9000 4G P9002 NEW A2000P A3000 NEW M76FP M76V M60D 19

20 2018 年每月出貨數量 Unit Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 20

21 LED 2017 年目標市場 Automotive Night Vision, Reverse Radar to Panorama View for Autopilot System IR LED Eye Scanning for E-wallet IR LED (Fujitsu and Samsung) VR (2016 Market size 14m USD) IR LED Inside-out Tracking : HTC Vive Outside-in Tracking : Oculus Rift (Facebook) More Manufacturers: Tencent, Nitendo, Microsoft and Dell 21

22 新產品事業部 (Thermal/AST) For BofAML 2018 APAC TMT Conference Only 22

23 Thermal Market size: roughly USD$30m Industries: Telecom / Automotive 23

24 AST Market size: roughly USD$120m Industry: Foundry/IC design houses engineering stage process 24

25 財務報表 For BofAML 2018 APAC TMT Conference Only 25

26 資產 Amount: NT$ Million 3Q Q 2016 Cash and Cash Equivalents % % Fixed Assets 3,578 46% 3,485 48% Total Assets 7, % 7, % LT Debt 233 3% 242 3% Shareholders' Equity 3,826 49% 3,817 52% EBITDA *EBITDA=operating income + depreciation & amortization expenses 26

27 營收 NT$1, ' Q3 2016' Q3 Net Sales 3,293, % 3,637, % Cost of Goods Sold 1,976,647 60% 1,998,477 55% Gross Profit 1,316,688 40% 1,638,704 45% Operating Expense 1,096,500 33% 1,160,009 32% Operating Income 220,218 7% 478,862 13% Investment Income & Others 24,937-3,524 Net Income (before tax) 189,617 6% 405,531 11% EPS (before tax) Net Sales NT$ 1, , , , , , ,000 0 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 27

28 Thank You