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CHAMPION — Investor Presentation 2016
Nov 28, 2016
52308_rns_2016-11-28_18cb13b6-39a9-4081-9a2c-7bf6ebe6b48b.pdf
Investor Presentation
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股票代號Code:3257
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虹冠電子工業股份有限公司 Champion Microelectronic Corp.
2016 年法人說明會 2016 Investor Conference
President Haiping Dun PhD. Vice President Sandy Peng Spokesman November 28, 2016
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Safe Harbor Statement
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Champion's statements of its current expectations are forwardlooking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements.
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• Except as required by law, Champion undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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Brief Introduction
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Founded ：Dec. 30, 1998
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Capital ：NT651,458 thousand (@31.5 ≒ USD 20,681 thousand)
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- IPO ：Mar. 21, 2011
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- Chairman： Liu, Ta-Kuang
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President： Dun, Haiping Ph.D.
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Product: AC-DC power management analog IC design
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Location：
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Headquarter：Hsinchu, Taiwan
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5F, No. 11, Park Ave. 2, Science-Based Industrial Park Hsinchu, Taiwan
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Taipei Office
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21F., No.96, Sec. 1, Sintai 5th Rd., Sijhih Dist., New Taipei City, Taiwan
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US Office
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960 Saratoga Ave, Suite #125, San Jose, California, USA
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Champion’s Opportunities
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In 1998, Europe announced that 75W above electric appliances have to use Power Factor Correction (PFC) and many countries follow the rules, such as:
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Europe-EN 61000-3-2
UK-BSEN 61000-3-2
Japan-JIC-C-61000-3-2
China-CCC (China Compulsory Certificate) EPA Energy Star and 80 Plus
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PFC applications include LED lighting, household electric appliance, TV, LED display, cloud computing server power, Gaming power: X-Box
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Major national rules setting bring great opportunities for Champion
2013/11 draft 2013/3 EnergyStar 2014/7 CREE innovate in DataCenter ErP PC LED lamps Storage 1.0 effective EC 617/2013 (to reach PF 98%) effective 2014/9 draft 2007/7 2013/3 EnergyStar EnergyStar EnergyStar Lamps 1.0 PC 4.0 have to design in APFC Gaming1.0effective effective (EPS Lv5)
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Corporate Governance Evaluation Ranking Results Champion vs. other IC design industries
| Code | Company Name | 2015Y Grade |
2014Y Grade |
|---|---|---|---|
| 3257 Champion top21%~35% A |
Champion | top21%~35% | A |
| 3438 | AAT | top21%~35% | A- |
| 6286 | Richtek | top21%~35% | A- |
| 8261 | APEC | top21%~35% | A- |
| 6415 | Silergy | top36%~50% | B |
| 3588 | LD | un-top50% | A- |
| 8081 | GMT | un-top50% | A- |
| 4947 | On-Bright | un-top50% | B |
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| Dividend History In NT$ |
Dividend History In NT$ |
Dividend History In NT$ |
Dividend History In NT$ |
Dividend History In NT$ |
Dividend History In NT$ |
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|---|---|---|---|---|---|---|---|---|---|
| Dividends Year |
Shareholders' Meeting |
EPS | Per Share | Cash Dividend Amount |
Stock Dividend Amount |
Total | |||
| Cash Dividend |
Stock Dividend |
Total | |||||||
| 2015 | 2016/6/20 | 2.39 | 0.65 | 0.85 | 1.50 | 39,027,435 | 51,035,920 | 90,063,355 | |
| 2014 | 2015/6/29 | 5.58 | 2.75 | 0.85 | 3.60 | 152,180,710 | 47,037,680 | 199,218,390 | |
| 2013 | 2014/6/26 | 4.85 | 2.5 | 0.6 | 3.10 | 130,531,700 | 31,327,600 | 161,859,300 | |
| 2012 | 2013/5/10 | 3.05 | 1.5 | 0.6 | 2.10 | 58,092,000 | 23,236,800 | 81,328,800 | |
| 2011 | 2012/6/12 | 2.37 | 1.57 | 0 | 1.57 | 60,802,960 | 0 | 60,802,960 | |
| 2010 | 2011/6/24 | 3.03 | 2 | 0 | 2.00 | 83,456,000 | 0 | 83,456,000 | |
| 2009 | 2010/6/25 | 1.58 | 0.8 | 0.2 | 1.00 | 25,600,000 | 6,400,000 | 32,000,000 | |
| 合計 | 11.77 | 3.1 | 14.87 | 549,690,805 | 159,038,000 | 708,728,805 | |||
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| 6 |
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5 yeas Income Statements
| 5 yeas Income Statements | 5 yeas Income Statements | 5 yeas Income Statements | 5 yeas Income Statements | 5 yeas Income Statements | 5 yeas Income Statements |
|---|---|---|---|---|---|
| In NT Thousand | |||||
| Item/Year | 2012 | 2013 | 2014 | 2015 | 2016Q3 |
| Revenue | 549,724 | 734,874 | 1,004,640 | 854,565 | 624,067 |
| Gross profit | 255,726 | 404,012 | 575,841 | 433,475 | 310,791 |
| GrossMargin | 46% | 55% | 57% | 51% | 50% |
| Operating expenses | 189,204 | 209,905 | 264,835 | 282,915 | 201,655 |
| Operatingincome | 66,522 | 194,107 | 311,006 | 150,560 | 109,136 |
| Income before tax | 116,617 | 210,519 | 356,967 | 181,419 | 107,588 |
| NetIncome | 115,734 | 208,720 | 303,142 | 141,650 | 104,619 |
| EPS (NT$) | 3.05 | 4.85 | 5.58 | 2.39 | 1.62 |
| Capital | 387,280 | 522,127 | 553,384 | 600,421 | 651,457 |
| Book valueper share | 19.95 | 25.29 | 27.47 | 25.37 | 24.25 |
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Revenue & EPS
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Revenue EPS
(In NT$ thousand )
1,200,000 6
1,000,000 5
800,000 4
600,000 3
400,000 2
200,000 1
0 0
2012 2013 2014 2015 2016 YTDQ3
Revenue 549,724 734,874 1,004,640 854,565 624,067
EPS (NT$) 3.05 4.85 5.58 2.39 1.62
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2015 YTD Q3 Revenue NT617,948 thousand, EPS NTD1.74 2016 YTD Q3 Revenue NT624,067 thousand, EPS NTD1.62
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AC/DC vs. DC/DC 2016 Q3 vs.2015 Q3 Revenue by Product
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2016 Q3 AC/DC vs. DC/DC Revenue Ratio
25%
AC/DC
DC/DC
75%
2015 Q3 AC/DC vs. DC/DC Revenue Ratio
17%
AC/DC
DC/DC
83%
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| Reveune byProduct | 2016Q3 | 2015Q3 |
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| AC/DC | 75% | 83% |
| DC/DC | 25% | 17% |
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DC/DC Sales by Revenue
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2016 Q3 vs. 2015 Q3 YoY 47%
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DC/DC Sales by Quantity
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2016 Q3 vs.2015 Q3 YoY 62%
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High-end MOS Super Junction Growth Trend
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Selling into China Channel instead of Europe & US competitors successfully
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2016Y vs. 2015Y momentous growth strength and has kept on growing , gross margin almost 30%
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20,000
15,000
10,000
5,000
Discrete-SJ Quantity
Discrete-SJ Revenue
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2015Y 2016Y
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2016Y Monthly Revenue Statement
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | Average | Amount | ||||||||||||||||||||||||||||||||||||
| 2016Y | 81,952 | 62,003 | 66,865 | 73,773 | 65,352 | 65,312 | 68,557 | 68,999 | 71,251 | 70,178 | 69,425 | 694,245 | |||||||||||||||||||||||||||||||||||
| 2015Y | 76,044 | 60,235 | 63,783 | 70,075 | 73,506 | 69,581 | 67,735 | 68,912 | 68,068 | 73,426 | 69,137 | 691,374 | |||||||||||||||||||||||||||||||||||
| YoY | 5,908 | 1,768 | 3,082 | 3,698 | -8,154 | -4,266 | 822 | 78 | 3,183 | -3,248 | 287 | 2,871 | |||||||||||||||||||||||||||||||||||
| YoY % | 7.77% | 2.93% | 4.83% | 5.28% | -11.09% | -6.13% | 1.21% | 0.11% | 4.68% | -4.42% | 0.42% | 0.42% | |||||||||||||||||||||||||||||||||||
2016Y Jan. ~Oct. Monthly Revenue NT69,425 thousand on average 2015Y Jan. ~Oct. Monthly Revenue NT69,137 thousand on average YoY 0.42%
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Product Applications
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LCD TV
LED Street light /顯示屏…..
CM6807:PFC+standby controller CM6901:For 150W~220W HB Resonant converter
CM6807:PFC+standy-by CM6900/01:HB/FB Resonant converter
虹冠電子 Champion Micro
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PC Computer
Cloud Computing Server Power
CM6800:Combo PFC+PWM CM6802:Combo PFC+PWM CM6805:Combo PFC+PWM CM6502:PFC controller CM6901:HB/FB Resonant converter CM02/03:Switching controller CM11.6:Standby controller
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CM6565:Interleaving DCM PFC CM6502:PFC controller CM6901:HB/FB Resonant converter CM02/03:Switching controller CM11.6:Standby controller
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Gaming Power
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CM6500/02:PFC controller CM6901:HB/FB Resonant converter , X-Box
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Major Customers
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虹 冠 電 子
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AC-DC IC Products R&D Milestone
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Champion Power Discrete Product Roadmap
IGBTIGBT
SiC DiodeSiC Diode
HV Schottky DiodeHV Schottky Diode
SR MOSFETSR MOSFET
SJ (Multi EPI / Deep Trench) MOSFETSJ (Multi EPI / Deep Trench) MOSFET
PFC DiodePFC Diode
HV VDMOSFETHV VDMOSFET
2001 ~ 2010 2011 2012 2013 2014 2015 2016 2017 2018~ Year
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節能減碳 綠色科技 的領航先驅
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Green To Be Energy Innovator Your Power Solution Partner
To Be
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Thank You For Your Attention
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