Danen — Investor Presentation 2017

Jun 23, 2017

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達能科技法人說明會 股票代碼: 3686-TW

06.23.2017

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投資安全聲明

除簡報內所提供之歷史信息外，簡報事項係屬預測性陳述， 受到風險及不確定因素影響，可能造成實際結果與陳述內容 發生顯著不符，這些不確定性因素包括：受到競爭性產品及 定價的影響、設計是否及時被客戶接受、新技術是否及時導 入利用、新產品大量量產之能力、產業及市場對太陽能產品 之供給及需求移轉、產業及市場是否供給過剩、製造產能可 得利用情況、終端市場之財務穩定性及其他風險等。

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大綱

• 太陽能市場需求成長

• 全球太陽能產業鏈產能與供需

• 產業技術發展趨勢

• 達能科技之營運展望

• Q&A

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市場需求成長

產業鏈產能與供需

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三年內年安裝需求有機會突破100GW

� Market growth rate will still keep at least 10-12% @ upside scenario.

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市調機構預估未來五年需求將持續成長

• Global solar market will keep continuous growth with record high in the coming 5 years

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Source: GTM Research, Q1. 2017

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成長動能來自逐漸擴散的新興國家及區域

• China, US and India will still be the top3 markets, while the rest of world will lead the market growth continuously.

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全球太陽能產業鏈產能與需求比較

� Capacity expansion mainly occurred in China, but slowing down <5%.

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----- Start of picture text ----- Demand2020D: 120.3GW2019D: 107.4GW2018D: 95.9GW8----- End of picture text -----

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供需將有機會逐漸回到穩定平衡狀態

• From the demand growth forecast, demand/supply balance will be reached gradually.

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市場概況總結

• Solar market will grow continuously in next 5 years even though with minor uncertainty

• New emergent countries and regions, such as Mid & South - America, Mid-East, Africa and the Rest Asia ( China, Japan excluded ) will become the main driving forces.

• Demand and Supply will reach a stable & balanced shape gradually

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產業技術發展趨勢

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電池技術演進與市場佔有率

� PERC process will dominate the market for both mono and multi silicon technology

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Source: ITRPV / Semi 2017

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電池轉換效率將持續提升

• Cost performance will drive P-multi wafers be the competitive product continuously, .

• DANEN will keep the leading position of best quality section

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Source: ITRPV / Semi 2017

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P型高效多晶矽仍然主導市場

� P-type high efficiency multi-wafers will still be the major product of Market

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----- Start of picture text ----- N- type 單晶矽P-type 單晶矽P-type 高效多晶矽(40%)----- End of picture text -----

Source: ITRPV, March 2017

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鑽石切片技術的發展趨勢

• With lowering wafer manufacturing cost advantage, wafer surface treatment (Black wafer) solution will be the key for driving the market share.

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Source: ITRPV / Semi 2017

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達能科技之營運展望

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達能晶片品質持續優於同業表現

• DANEN product quality advantage - Best conversion efficiency and best yield gain.

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資料來源：達能主要客戶提供

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達能看(2018-2022)太陽能市場展望

• 市場依然成長, 產業供需將逐漸穩定

• 印度及新興國家及區域成長將主導市場, 可降低中國 及美國政策調整產生的影響

• 台灣非核家園的政策推動仍然是台灣太陽能產業維持 與成長的重要寄託

• 產業技術更新之驅動將隨價值鏈供需變化, 效率與成本 是關鍵

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達能– 延伸經營的觸角至生物晶片產業

• 延續團隊在太陽能及半導體晶片的技術能力與經驗

• 延伸企業經營觸角，轉投資具中長期高成長潛力之技術公司，期為公司創造 長期營運績效。

• 2017年4月轉投資生物晶片公司- 台灣生捷科技:

  • 期能借重經營團隊長期在半導體及太陽能晶片所累積之管理能力與技術 商品化等核心競爭優勢，善用既有資源與資金，透過技術經驗合作與 投資方式，參與國際化生物科技技術領先之夥伴共同發展新的事業領域。

• 依研調機構評估，生物晶片的全球市場在今後數年間會以16% 的複合年成長率 發展、2020年預計基因檢測生物晶片技術市場會達74 億美元的規模。(2015年 基因檢測生物晶片技術市場為34億美元)

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總結

• 太陽能產業持續成長- 公司本業營運穩定因應

• 產品競爭優勢地位穩健- 高效產品為未來趨勢

• 財務結構健全- 各項營運指標領先產業

� 未來公司發展策略：

• 本業核心技術及團隊經驗延伸出可發展的技術與產品應用

• 公司已經展開生物晶片技術觸角，期待積極投入高成長潛力產業，為 公司創造長期營運績效.

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THANK YOU

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DANEN TECHNOLOGY CORP. No. 599, Huan-Nan Rd., Taoyuan High-Tech Industrial Park, Guanyin Shiang, Taoyuan County 328, Taiwan, R.O.C