CHROMA — Interim / Quarterly Report 2012

Mar 7, 2013

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Your Testing Quality is Our Commitment.

致茂電子股份有限公司 2012 年第 4 季公司概況 財務長應正 董事長兼總經理黃欽明

2013

2013 年 2 月 22 日

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Disclaimer

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 forwardlooking 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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議程

• 公司簡介 • 本季重點摘要 • 財務數據 • 營運概況 • 問與答

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公司簡介

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公司簡介

• 成立於 1984 ，為自有品牌之自動化檢測解決方

• 案供應商。商品包含提供產業相關之測試儀器 設備及整合自動化測試系統。

• 經營宗旨：精密、可靠、創新。

• 2012 年總營業收入 : $41.74 億新台幣

• 2012 年淨利 : $9.45 億新台幣

• 員工人數 1,245, 37% 為研發人員 ( 截至 2012 年 12 月 )

• 致茂獲經濟部工業局評為第一屆台灣卓業中堅

企業

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營業收入 研發費用
研發費用占營收比
5,640
未合併
5,338
15%
14%
4,174
4,158
13%
12%
3,444
11%
603 630 637
557
481
2008 2009 2010 2011 2012
佰萬新台幣
:
單位
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財務表現

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測試設備事業合併營收 未合併母公司盈收 淨利 營業毛利
營業利益率
新材料事業合併營收 其他 未合併 1,812
威光自動化事業合併營收
55%
54% 54%
14,886 1,523
14,148 51%
52%
12,228
11,747
1,105
10,914
945
863 29%
25%
24%
21%
5,640 5,338
4,174
4,158
3,444 19%
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
佰萬新台幣 佰萬新台幣
: :
單位 單位
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財務表現

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股東權益報酬率 股利分配
現金股利
未合併 未合併
股票股利
26%
5.05
4.06
20%
3.80
18%
3.38
14%
12% 2.50
2.52
2.50
2.00 2.00 2.00
0.50
0.30 0.40
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
新台幣元
:
單位
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致茂電子全球據點

全球員工人數： 1,639 � , 分公司 x16, 經銷商 x58

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香港: 新匯 美國: 爾灣/ 湖森林
坦佩/ 亞利桑那
歐洲: 荷蘭/ 芬蘭 日本: 新橫濱
中國: 深圳/東莞/ 廈門/蘇州
南京/ 上海/ 北京/ 重慶
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產品結構

自動化測式解決方案

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電力電子
43.5%
電力電子 LCD 面板 / 視頻
LCD 面板 / 50.8% 10.8%
視頻
6.7%
被動元件
7.0%
被動元件
7.8%
其他
7.4% * 半導體 9.0%
其他 6.3%
客製化系統
客製化系統
1.6% LED 6.6% 1.7% LED 3.1 % 半導體 16.7%
太陽能
18.2% 太陽能 2.8%
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Year 2011
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Year 2012

* 其他包含服務收入、 Tesla 代工及政府專案。

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本季重點摘要 財務數據

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本季重點摘要

營業收入 營業毛利 營業利益率

• 總營業收入 : $9.11 億新台幣， 季減少 28% ，年增加 2%

• 營業毛利率 : 57%

• 營業利益率 : 19%

• 淨利 : $1.83 億新台幣， 季減少 42% ，年增加 6%

• 2012 年第四季摘要 :

• 營業毛利率提升，為過去八季度以 來最高。

• 本季主要營收來自於半導體營業收

。 入增加，季成長 17%

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1,694
1,465
1,289 1,266 57%
55% 56%
53% 53% 53%
52%
1,122
50%
911
891 875
29%
26%
24%
24%
22%
19% 19%
15%
1Q’11 2Q’11 3Q’11 4Q’11 1Q’12 2Q’12 3Q’12 4Q’12
佰萬新台幣
:
單位
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2012 年第四季損益表季比較 / 年比較

	季損益表季	季損益表季	季損益表季	季損益表季	季損益表季
未合併 (單位:百萬新台幣 除每股盈餘為新台幣元) 營業收入 銷貨成本 營業毛利 營業費用： 管銷費用 研發費用 營業利益 營業外收入 營業外支出 稅前淨利(虧損) 所得稅利益(費用) 稅後淨利 每股盈餘		4季’2012 %		3季’2012 % 季比較 %	4季’2011 % 年比較 % 891 100.0% 2% (421) (47.3%) (6%) 470 52.7% 10% (186) (20.8%) 3% (152) (17.1%) - 132 14.8% 30% 73 8.2% (36%) - - n/a 205 23.0% (2%) (32) (3.6%) (44%) 173 19.4% 6% $ 0.46 6%
		911 100.0%		1,266 100.0% (28%)
		(396) (43.5%)		(614) (48.5%) (36%)
		515 56.5%		652 51.5% (21%)
		(191) (20.9%) (152) (16.7%)		(200) (15.8%) (5%) (177) (14.0%) (14%)
		172 18.9%		275 21.7% (37%)
		47 5.2% (18) (2.0%)		95 7.5% (51%) (15) (1.2%) 20%
		201 22.1% (18) (2.0%)		355 28.0% (43%) (41) (3.2%) (56%)
		183 20.1%		314 24.8% (42%)
		$ 0.49		$ 0.84 (42%)

營業外收入包含長期投資收益共計 6 佰萬新台幣 ( 季減少↓ 87%) ，含日茂為獲利 3 百萬新台幣 ( 季減少↓ 86%) ，威光為獲利 2 仟 4 佰萬新台幣 ( 季上升↑ 60%). 匯兌損失共計 1 仟 6 佰萬新台幣。

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2012 年全年累計損益表 / 年比較

未合併 (單位:百萬新台幣 除每股盈餘為新台幣元) 營業收入 銷貨成本 營業毛利 營業費用： 管銷費用 研發費用 營業利益 營業外收入 營業外支出 稅前淨利(虧損) 所得稅利益(費用) 稅後淨利 每股盈餘		2012年 %		2011年 % 年比較 % 5,338 100.0% (22%) (2,562) (48.0%) (26%) 2,776 52.0% (18%) (827) (15.5%) (8%) (630) (11.8%) 1% 1,319 24.7% (34%) 413 7.8% (37%) (14) (0.3%) 186% 1,718 32.2% (36%) (195) (3.7%) (23%) 1,523 28.5% (38%) $ 4.06 (38%)
		4,174 100.0%
		(1,905) (45.6%)
		2,269 54.4%
		(757) (18.1%) (637) (15.3%)
		875 21.0%
		261 6.3% (40) (1.0%)
		1,096 26.3% (151) (3.6%)
		945 22.7%
		$ 2.52

營業外收入包含長期投資收益共計 1 億 1 仟 6 佰萬新台幣 ( 年下滑↓ 55%) 。全年累計日茂為獲利為 4 仟 3 佰萬新台幣 ( 年下滑 ↓ 14%) ，威光為獲利 7 仟 9 佰萬新台幣。 ( 年下滑↓ 28%) 。 匯兌損失共計 3 仟 4 佰萬新台幣。

2012 年全年累計損益表 / 年比較 ( 合併 )

合併 (單位:百萬新台幣 除每股盈餘為新台幣元) 營業收入 銷貨成本 營業毛利 營業費用： 管銷費用 研發費用 營業利益 營業外收入 營業外支出 稅前淨利(虧損) 所得稅利益(費用) 稅後淨利(未含少數股權） 少數股權 稅後淨利	合併 (單位:百萬新台幣 除每股盈餘為新台幣元) 營業收入 銷貨成本 營業毛利 營業費用： 管銷費用 研發費用 營業利益 營業外收入 營業外支出 稅前淨利(虧損) 所得稅利益(費用) 稅後淨利(未含少數股權） 少數股權 稅後淨利	2012年 %	2012年 %	2011年 % 年比較 % 14,148 100.0% (17%) (10,231) (72.3%) (19%) 3,917 27.7% (13%) (1,615) (11.4%) 2% (662) (4.7%) 3% 1,640 11.6% (34%) 195 1.4% (25%) (27) (0.2%) 144% 1,808 12.8% (36%) (304) (2.2%) (27%) 1,504 10.6% (37%) 19 0.2% n/a 1,523 10.8% (38%)
		2012年 %
		11,747 100.0%
		(8,328) (70.9%)
		3,419 29.1%
		(1,655) (14.1%) (681) (5.8%)
		1,083 9.2%
		147 1.3% (66) (0.6%)
		1,164 9.9% (223) (1.9%)
		941 8.0%
		4 0.0%
		945 8.0%

資產負債摘要及財務指標

未合併(單位：佰萬新台幣) 資產負債摘要 現金及流動金融資產 存貨 短期負債 長期負債 股東權益 總資產 存貨週轉天數 應收帳款週轉天數 應付帳款週轉天數 淨負債資產比(%) 股東權益報酬率(%) 資產報酬率(%) 現金流量(單位：佰萬新台幣) 未計利息稅項折舊及攤銷 營業現金流入 自由現金流量		12月. 2012 547 1,073 380 - 7,795	12月. 2011 + / - % 654 - 16% 1,373 - 22% 50 660% - - 7,765 - 9,547 - 195 130 81 - 20% 16% 季成長 2012年全年 年成長 (38%) 1,298 (32%) (72%) 1,213 (30%) n/a 415 (70%)
		9,559
		234 154 89 -
		12%
		10%
	第4季’ 2012 第3季’ 2012 253 406 167 591
	(3) 543

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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營業收入佔比（依產品別）

(單位：新台幣佰萬) 電力電子 被動元件 ＬＣＤ面板/ 視頻 半導體 LED 太陽能 客製化系統 其他 總計	2012年 % 2011年 % 年比較 2,121 50.8% 2,321 43.5% (9%) 328 7.8% 371 7.0% (12%) 453 10.8% 362 6.7% 25% 696 16.7% 485 9.0% 44% 129 3.1% 352 6.6% (63%) 115 2.8% 970 18.2% (88%) 70 1.7% 84 1.6% (17%) 262 6.3% 393 7.4% (33%) 4,174 100.0% 5,338 100.0% (22%)

營業收入佔比（依產業別）

創新、整合、市場

單位：營收新台幣佰萬 / ％

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$ 4,208 $ 4,158 $ 3,444 $ 5,640 $ 4,174
100%
5%
17% 31% 35% 24%
80%
60%
40%
20% 48% 40% 44% 45% 47%
0%
2008 2009 2010 2011 2012
Other Sectors Clean IC Panel (Video & LCM) Power (Power & Component)
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* 潔淨科技包含太陽能、 LED 、電池及電動車相關。

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2013 年年度展望

2012 年營業收入主要將來自於半導體及 LCD 事業之銷售貢獻，分別各成長 44% 及 25% 。電力電子事業營收仍舊穩健。 預期 2013 年主要營收成長來自於半導體及 LED 事業，受惠於 IC 封測技術發展 與 LED 照明市場滲透率之成長。 積極推展整合式測試解決方案 (turnkey solutions) 以獲取新興市場之契機，特 別是在 LED 照明與電池模組市場。 2012 年美國、歐洲及日本之銷售增長 18% ，營收佔比提升至 21% 。未來期許 。 藉由提高世界級大廠客戶採用率與顧客滿意度，佔比目標達成至 30% 公司董事會通過 2012 年股利政策擬配發每股現金 2 元新台幣。

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致茂榮獲『第一屆卓越中堅企業』獎

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創新測試解決方案
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FPD, 視頻色彩 測試解決方案

• Support 4Kx2K ultra high resolution TV

• Comply with HDMI 1.4b standard

• 3D / HDCP / EDID / CEC test functions

(Model: 22294-A)

• High density design for high efficient productivity

• Full protection from ESD

• Latest signaling in LVDS / eDP / MIPI / V by One

• Fully protection in OVP / OCP / OTP

• Temperature consistency up to 2 ℃

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OLED 測試解決方案

• Design for large size OLED panels (eg. OLED TV)

• Optional thermal control solution

• Cost-effective testing solution

• Rated number 1 among end-users

(Model: 58166)

• Individual PMU for each UUT

• Test Function: electrical characteristics, brightness, programmable driving waveform

• Modular OLED test cards

• Maximum 34 UUTs/system

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(Model: 58131)
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電力電子 測試解決方案

• Bi-directional AC source with full 4-quadrant capability

• High power 60KVA with 1 & 3-phase output

• Parallelable up to 300KVA

• Grid simulating for PV inverter testing

• EV charger / battery inverter for smart grid application

(Model: 61800)

• Compact size 4-phase power meter

• Measure 3-phase AC line and DC line with one unit

• Individual channels application for multi-UUT ATS

• Meet IEC62301 standard

(Model: 66204)

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被動元件與電子安規 測試解決方案

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New Patent
(Model: 19036)
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• AC & DC Hi-Pot, IR, DCR, Impulse 5 in 1 test function

• Built-in 4-terminals scanner

• 200MHz Sampling rate (IWT)

• High speed contact check function (HSCC)

• Application: Motor, Transformer, Choke

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(Model: 11300)
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• 300A max DC output (World-leading)

• Measure frequency response from 20Hz~1MHz

• Forward / Reverse current

• L- I curve test function

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半導體 /IC 測試解決方案

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• 50/100 MHz clock rate

• 1024 I/O pins

• Up to 1024 sites parallel testing

• Various VI options

• Flexible HW architecture (Interchangeable I/O, VI, ADDA)

(Model: 3380)

• FT + SLT Handler – Two In One

• Auto tray loading/unloading & device sorting

• Tester zero waiting time

• Tri-temp IC test function

• Close-Loop Active Thermal Control (ATC) Module

• Unity PTC (Passive Thermal Control)

• Cooling Pipe

• High power cooling function

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(Model: 3110)
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半導體 /IC 測試解決方案

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New
(Model: 3160C)
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• 1X4 Quad sites, Flexible DUT Configuration.

• Chamberless tri-temperature

• Vision alignment

• Sorter arm RCAA function for engineering adjustment.

• Temperature range from -55 up to 150 ℃

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Patent
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• Reliable high-speed pick & place handler

• PoP Function

• � Air damper for contact balance

• IC-in-socket protection

• � Tri-Temp Control � Invention patents: 190373, 190377, 1227324 & 125307

• (Model: 3260)

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LED/ 照明 測試解決方案

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(Model: 58173-FC)
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• Wide LED power test range (200V/2A)

• Chroma Huge Photo Detector

• (Measurement Angle=148 ° )

• Unique chuck design providing more accurate measurement

• Unique on-screen intuitive pin adjustment

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New Patent
(Model: 58158-SC)
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• High speed and low labor cost

• Test LED lamps in steady states

• All-in-one measurement function

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LED/ 照明 測試解決方案 26

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• Fully auto assembly and test

• High throughput

• Low labor cost

• Module design

• Easy-to-change type

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Automation MES
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Test & Measurement
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Video: Worldwide First LED Bulb Automatic Assembly & Test Line

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太陽能 測試解決方案

• Applied Wafers: mono/poly/quasi crystalline wafers, both 5” and 6”

• Inspection Items: 2D geometry, front-side surface, back-side surface, sawmarks

• � UPH: 3000~3600

(Model: 7200)

• Compact size 2KW solar array simulator

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• User define I-V curve profile with high response

• Constant power profile with 3 times capability

• Test for micro-inverter and DC-DC optimizer

(Model: 62150H-600S/1000S)

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電動車 測試解決方案

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• Applicable for EV/PHEV test

• Flexible hardware & software architecture

• Meets QC/T 895 & GB/T 24347 test requirement

• Credibility: Used by China Motor( 中華汽車 ), BYD ( 比亞迪 ), VW ( 上海大眾 ), Changan Automotive ( 長安汽車 )

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• Worldwide first SAE J1772 communication protocol automatic test system (ATS) certification issued by UL.

• Applicable for AC level 1 & AC level 2 EVSE

• Open architecture software platform

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電池芯 / 電池模組 測試解決方案

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• High precision output and measurement up to 0.02%

• Independent channel execution & testing

• High sampling rate

• CC/CC-CV/CP charge/discharge mode

(Model: 17011)

• 32ch New Patent � Charge/discharge mode � Regenerative efficiency: 85%

• 16ch

• 8ch � Driving cycle simulation � High precision measurement accuracy � Fast current conversion

• (Model: 17020)

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電池芯 / 電池模組 測試解決方案

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(Model: 17030)

• High power /voltage (250kW/900V) charge/discharge test

• Dynamic current waveform for EV driving cycle test

� Life cycle test for smart grid storage battery

• Regenerative efficiency: 90%

• Software integrating for data logger/chamber/CAN bus

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雷射二極體 測試解決方案

• For Burn-In, Reliability and Life Testing

• Up to 800 channels

• � Up to 150 ℃

• Batch processing via device carrier-sharing design

(Model: 58601)

• Full Turn-Key Automated Test

• � High precision and large capacity carrier � Fully automated alignment for fiber-coupled tests

• Automated optical inspection

• Highly accurate TEC temperature controller with stability up to ± 0.01

(Model: 58620)

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www.chromaate.com

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The World for You & for Me… Thank You!

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