CHROMA — Earnings Release 2024

Jul 31, 2024

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致茂電子股份有限公司

2024年第2季業績說明會

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董事長兼總經理
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1

Disclaimer

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This presentation contains some forward-looking statements that are subject to substantial risks and uncertainties. Typically, these statements contain words such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “intend”, “plan”, “forecast”, “project”, “predict”, “potential”, “continue”, “may”, “should”, “will”, and “would” or similar words. You should consider these forward-looking statements carefully because such statements are only our expectations or projections about future events, and actual results may differ materially from those expressed or implied by such statements. The forward-looking statements in this presentation include, but are not limited to, growth rates for various markets estimated by third party sources, future products and technology development, widespread market acceptance of the hosted delivery model, future revenue growth and profitability. You should be cautioned that the forward-looking statements are no guarantee of our future performance. The forward-looking statements contained in this presentation are made only as of the date of this presentation and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances, except as required by law.

This presentation and the information contained herein are the property of Chroma Ate Inc.

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2

議程

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• 財務數據

• • 營運概況

• • 問與答

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財務數據

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2024年第2季合併損益表摘要

	合併損益表 (單位:佰萬新台幣，除每股盈餘為新台幣元)	2024.2Q %	2024.1Q % QoQ % 2023.2Q % YoY %
	淨營業收入	5,515 100%	4,418 100% 25% 4,416 100% 25%
	量測儀器事業部之合併營收(淨額)	5,234 95%	4,259 96% 23% 4,198 95% 25%
	威光自動化事業部之合併營收	192 3%	86 2% 123% 167 4% 15%
	其他	89 2%	73 2% 22% 51 1% 75%
	營業成本	(2,249) (41%)	(1,852) (42%) 21% (1,666) (38%) 35%
	營業毛利	3,266 59%	2,566 58% 27% 2,750 62% 19%
	營業費用 推銷管理費用 研發費用	(1,230) (22%) (522) (9%)	(1,181) (27%) 4% (1,103) (25%) 12% (485) (11%) 8% (433) (10%) 21%
	營業淨利	1,514 28%	900 20% 68% 1,214 27% 25%
	營業外收入及支出	291 5%	319 7% (9%) 144 3% 102%
	稅前淨利 所得稅費用	1,805 33% (368) (7%)	1,219 27% 48% 1,358 30% 33% (243) (5%) 51% (304) (6%) 21%
	本期淨利	1,437 26%	976 22% 47% 1,054 24% 36%
	淨利歸屬於: 本公司業主 非控制權益	1,407 26% 30 -	955 22% 47% 1,018 23% 38% 21 - 43% 36 1% (17%)
		$ 1,437 26%	$ 976 22% 47% $ 1,054 24% 36%
	每股盈餘(基本)	$ 3.34	$ 2.27 47% $ 2.42 38%
	每股盈餘(稀釋)	$ 3.31	$ 2.25 47% $ 2.42 37%

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2024年上半年合併損益表摘要

		合併損益表 (單位:佰萬新台幣，除每股盈餘為新台幣元)	2024.1H %	2023.1H % YoY %
		淨營業收入	9,933 100%	8,804 100% 13%
		量測儀器事業部之合併營收(淨額)	9,493 96%	8,247 94% 15%
		威光自動化事業部之合併營收	278 3%	450 5% (38%)
		其他	162 1%	107 1% 51%
		營業成本	(4,100) (41%)	(3,388) (38%) 21%
		營業毛利	5,833 59%	5,416 62% 8%
		營業費用 推銷管理費用 研發費用	(2,412) (24%) (1,007) (10%)	(2,145) (24%) 12% (870) (10%) 16%
		營業淨利	2,414 24%	2,401 28% -
		營業外收入及支出	610 6%	203 2% 200%
		稅前淨利 所得稅費用	3,024 30% (611) (6%)	2,604 30% 16% (587) (7%) 4%
		本期淨利	2,413 24%	2,017 23% 20%
		淨利歸屬於:		1,955 22% 21% 62 1% (18%)
		本公司業主 非控制權益
			$ 2,413 23%	$ 2,017 23% 20%
		每股盈餘(基本)	$ 5.61	$ 4.65 21%
		每股盈餘(稀釋)	$ 5.56	$ 4.61 21%

資產負債摘要及財務指標

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集團合併(單位：佰萬新台幣)		2024.6 月	2023. 12 月	+ / - %
資產負債摘要
現金及流動金融資產		6,394	4,794		33%
存貨		4,865	4,675		4%
短期負債		950	2,136	-	56%
長期負債		1,464	990		48%
股東權益		22,279	22,517		- 1%
總資產		35,984	33,482		7%
存貨週轉天數		209	217
應收帳款週轉天數		87	87
應付帳款週轉天數		129	128
淨負債資產比(%)		Net Cash	Net Cash
股東權益報酬率(%)		21%	18%
資產報酬率(%)		14%	12%
現金流量(單位：佰萬新台幣)	2024. 上半年	2023. 上半年	同期比較
未計利息稅項折舊及攤銷	3,423	2,978	15%
營業現金流入	2,994	1,105	171%
自由現金流量	2,228	457	388%

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股東報酬率及資產報酬率皆已年化。

自由現金流量 = 營運活動之淨現金流入 + ( 投資活動之淨現金流出 ) 。

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營運概況

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2024 年第 2 季及上半年產品銷售佔比與合併營收明細

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2024 年第 2 季及上半年	產品銷售佔比與合併營收明細
(單位:百萬新台幣)	2024.2Q % QoQ YoY 2024.1H % YoY	2023 %
量測及自動化檢測設備	1,736 43% 4% (25%) 3,408 46% (27%)	8,078 64%
半導體/ Photonics 測試解決方案	1,869 46% 57% 196% 3,063 41% 200%	2,963 24%
Turnkey Solutions	161 4% (41%) 11% 433 6% 100%	454 4%
其它	315 7% 24% 27% 570 7% 20%	1,035 8%
母公司營業收入	4,081 100% 20% 22% 7,474 100% 18%	12,530 100%
+量測事業體海外據點及測試設備相關子公司 致茂電子檢測設備事業體 (含海外量測事業子公司) 威光自動化 其他	1,153 33% 35% 2,019 7% 5,234 95% 23% 25% 9,493 96% 15% 192 3% 123% 15% 278 3% (38%) 89 2% 22% 75% 162 1% 51%	5,257 17,787 92% 658 4% 231 1%
集團營收	5,515 100% 25% 25% 9,933 100% 13%	18,676 97%

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2024年營運展望

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• 致茂電子集團 2024 年上半年累計合併營收達 99 億新台幣，較 2023 年同期成長 13% 。半導 。

• 體 / Photonics 測試解決方案為主要成長動能，上半年較去年同期成長 200%

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2024 年展望 :

• ✓ 公司預期下半年整營收將優於上半年，成長動能仍舊來自於半導體及 Photonics 測

• 試解決方案之出貨營收貢獻。

• ✓ SLT 檢測設備需求增長為半導體及 Photonics 測試解決方案之成長來源。

• ✓ 量測及自動化檢測設備則持續穩健成長。

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Green Revenue - Parent

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Chroma 2024

FTSE Russell ESG Scores:

• Overall: 4.1 , up 0.8 points from 2023

• Corporate Governance: 5.0

• Electronic & Electrical Equipment category ranking: 88th percentile

(Scores range from 0 to 5, with higher scores indicating better ESG performance.)

Note: Revenues are classified according to FTSE Russell’s Green Revenues Classification System (GRCS).

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Technology & Solution Milestones High Precision Test Solutions

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System Level Test Solutions

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Temperature-forcing Systems

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• ✓ -40℃~ +150℃ ​@Tc ✓ Up to 1,200W power dissipation

• 2021 2022

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• ✓ -70℃~ +150℃ ​@Tc ✓ Up to 1,000W power dissipation

2023

2024

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✓ -40℃~ +150℃ ​@Tc
✓ Up to 2,000W power
dissipation
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Hybrid Tri-temp Test Handler

• 3x3~120x120mm

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• -70 ~ +150℃ @Tc, up to 1.2kw dissipation

• • 500 kgf contact

• TSD (Tj) available

Model 3110 Gen2

Single Site Test Handler

• 3x3~120x120mm

• • 40 ~ +150℃ @Tc, up to 1.8kw dissipation

• • 500 kgf contact

• • TSD (Tj) available

• Model 3210

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FT & SLT Hybrid Test System

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• 5x5~120x120mm

• 4~24 sites

• -40 ~ +150℃ @Tc, up to 1.5kw/site dissipation

• 500 kgf/site contact

• TSD (Tj) available

• Warpage detection

• OHT integration

Model 3200

Advanced packaging of AI/HPC, automotive, IoT, cloud, network and data center chips

Semiconductor Measurement Solutions

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2D+3D Measurement

• •XY / Z Resolution: 30nm / 0.05nm

• •Sensor: BLiS

• •Light Source: Multiple Light Sources

• •Applications:

Probe Mark Indentation Depth 2D/3D CD & Surface Topography

2D+3D Measurement

• •XY / Z Resolution: 30nm / 0.05nm

• •Sensor: BLiS

• •Light Source: Multiple Light Sources

• •Applications:

RDL: ≧ 2 μm, AR3 TSV/VIA: ≧ 2 μm, AR15 OVL ≦ 0.2 μm

3D Metrology Measurement System

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BLiS technology
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Model 7980
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3D Metrology Measurement System

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BLiS technology
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Model 7981
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2023 2024
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BLiS: Broadband Light integrated System (Multi-sensors with different functions are integrated.)

Advanced Packaging: InFO, CoWoS, 3D IC

Photonics Test Solutions

PD/APD Burn-in System

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Model 58606

• ° °

• • Temp. : 40 ~ 180 C

• DUT pad size > 70um

• ± 2mA; ± 80V

2019

2021

VCSEL Module Test System

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Model 58625

• ° °

• • Temp.: -20 ~ 100 C

• LIV/ NF/ FF test

• Pulse width: ~ 100 us

2023

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HP LD Burn-in System

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Model 58605

• ° °

• • Temp. : 20 ~ 85 C

• Up to 6Amps of Pulse Driving

2024

VCSEL Wafer Test System II

Crystal Wafer Probing System

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Model 58636 Series
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Model 58216
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• • Temp.: -20 ~ 100 C

• 250B VNA

• Frequency: 220MHz

• LIV+NF two-in-one

• Min. die pitch : 0.4mm

OFC (optical fiber communication)

Consumer / Automotive Sensing; LiDAR

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Technology & Solution Milestones High Power Test Solutions

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Power Electronics Test Solutions

Bidirectional DC Source

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Regenerative AC Load

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Model 62000D Series

• Bidirectional: Source & Load with energy regen

• 6-18kW/3UH, Eff:92%

• 100V-1800V, 540A

Model 63800R Series

• Programmable AC Load with energy regen

• High Power Density: 15kW/3UH, Eff:90%

• 9kW-15kW, 350VLN

2021

2022

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2023
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2024

Regenerative Grid Simulator

Bidirectional DC Source

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Model 61800-100HV

• High power AC source with energy regen

• Optional regen AC Load

• Parallel up to 1MVA

• 105kVA, 500VLN-800VLN

Model 62450D-2000HL

• Bidirectional: Source & Load with energy regen

• High Power Density: 36-45kW/4UH,

• 2000V/180A, Dual range

Server PSU, BBU Testing & EV Power Electronics, Green Energy (PV, ESS, PCS, Battery/Fuel Cell), Battery Storage

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AI Server Power Test Solutions

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Power Supply Unit (PSU)
Battery Backup Unit
Power Shelf
AI Server (Source: Supermicro)
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Battery Backups

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Battery Backup Unit On-board DC-DC Converter
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Regenerative Grid Simulator DC Electronic Load Power Conversion Device ATS Bidirectional DC Source DC Electronic Load
Model 61815
•
15kVA
Model 62000D Series Model 63202A-20-1000
• 0 – 2000V 63202A-20-2000
• 0 – 540A • 2KW/Up to 2000A
Model 63200A Series
• 6kW – 45kW
Model 61800 • 2kW – 24kW
Model 8000 ATS
• 105kVA •
Up to 500kW
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• Model 62000D Series Model 63202A-20-1000 • 0 – 2000V 63202A-20-2000 • 0 – 540A • 2KW/Up to 2000A • 6kW – 45kW

• Model 8000 ATS • Up to 500kW

Electric Propulsion Test Systems

BMS Power HIL Testbed

Model 8630

• 1,200V/900A and 5V/5A

• For EV and ESS

E-Propulsion Test System

Model 1210

• 370kW/426Nm/25,000rpm

• For E-Scooter, EV and E-Bus

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E-Axle Test System

Model 1220

• 219kW/2,988Nm/3,300rpm (Per dyno motor)

• For EV, E-Bus and E-Truck

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2022 2023 2024
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Battery Pack Power HIL Testbed

Model 8610

• 1.2MW 1,700V 4,800A

• For EV and ESS

OBC and DC-DC Converter Power HIL Testbed

Model 8620

• 22kW/800V/75A

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• 6.6kW/12V/550A

• For EV and ESS

e-Propulsion/ Battery Pack/BMS/OBC/DD

Electric Vehicle Supply Equipment

EVSE ATS

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Model 61800-100 Grid Simulator

• 105kVA max./set

• Model 17040 Battery Simulator

• 360kW2ch or 180kW4ch

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….

Model 17040E Battery Simulator :

• 200kW /set => 1.2MW max

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Model 8000 EVSE ATS

• Supports multi-coupler testing with different EV charging interface, include the newest NACS (former TPC)

• Test Max. 720kW High Power DC EVSE

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2021 2022
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2023
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2024
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DC EVSE : 360kW
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EVSE

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Thank You

Copyright © 2023 Chroma ATE Inc. All rights reserved.