EMC — Investor Presentation 2022

Dec 13, 2022

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台光電子材料股份有限公司 全球環保暨高階基材的領航者

法人說明會簡報 111年11月

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免責聲明

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本簡報之內容可能包括本公司基於從各項來源所取得的資訊， 對於營運、財務狀況與企業發展情形的前瞻性預估。 因為包括但不限於市場需求、價格波動、競爭態勢、供應鏈變 動、全球經濟局勢、匯率波動及其他本公司無控制力之風險等 各種因素，實際的營運、財務狀況與企業發展情形，可能會與 本公司於預測中明示或默示敘述有差異。 本簡報之內容若有對未來之前瞻性預估，僅反映本公司於發佈 當時之看法。本公司並無義務於日後情況變更時，更新前瞻預 估。

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2021年無鹵材料全球市佔第一

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Global Green Laminate Market

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5G 基礎建設發展的趨勢: 無鹵, 高密速連結, 高速, 高頻

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Halogen Free HDI High Speed AAU AiP MIMO[RRU] Phone-5G High Frequency BBU mmWave Phone-4G ADAS Phone-3G 77GHz AI Server Switch-800G 26.56 GHz Server- PCIe5 Infotainment NB- USB4.0 Switch-400G 16GHz 14GHz E-Mobility

NB- USB3.0

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Switch-100G ECU Server- PCIe4 12.89GHz 8GHz Server- PCIe3 Switch-40G 4GHz 5GHz

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高階CCL ( HDI & 高速高頻)

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• High-end CCL market grows at 16% CAGR (2022-2025)

• Overall CCL market grows at 5% CAGR (2022-2025)

Overall CCL Market

High-end CCL Market

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Source: Goldman Sachs Global Investment Research, Oct 2022

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高速 CCL – 日本/臺灣合計市佔達 75%

High speed CCL 2017 market share

High speed CCL 2021 market share

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Source: Goldman Sachs Global Investment Research, Oct 2022

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台光電子高速 CCL成長強勁 – 4年內全球市佔從0跳升到16%

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Source: Goldman Sachs Global Investment Research, Oct, 2022

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未來五年，全球伺服器出貨量將有強勁的成長

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EMC expects to gain significant share in next generation platform

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800G
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Source: DIGITIMES, 2022/9

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交換器產品在未來幾年仍具備高成長性

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EMC expects to gain significant share in 400G platform

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Source: Arista, 2022/5

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5G 手機出貨量持續強勁成長

， EMC takes the majority share in the 5G smart phone CAGR is 22% from 2022-2024

Unit: Million

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Source：Goldman Sachs Global Investment Research, Oct 2022

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在美國具有CCL的生產據點

EMC is the only CCL manufacturer, among all Taiwanese & Chinese makers, having production capacity in the USA meeting President Biden’s “Made in USA” initiative requirement.

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9433 Hyssop Dr, Rancho Cucamonga, CA 91730, United States

Arlon, a CA-based company at Rancho Cucamonga, makes specialty laminates and prepregs for PCBs used in the aerospace, defense and semiconductor industries, also known as Arlon EMD.

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生產基地及月產能

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EMC monthly laminate capacity will increase by 30% and reach 4.6mn sheets/mon in 3Q,2023

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EMC (HS)
Huangshi
CCL: 900k sheets
PP: 4.8kk meters
Manpower: 700+
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EMC (KS) Kunshan CCL: 1.35kk sheets PP: 3.3kk meters Manpower: 1,200+ +300K SHT/M in 1Q, 2023 +450K SHT/M in 3Q,2023 EMC (TW) Taoyuan CCL: 500k sheets PP: 1.8kk meters Manpower: 600+ +300K SHT/M in 2024 EMC (TW) Hsinchu CCL: 150k sheets PP: 1.1kk meters Mass Lam: 800k ft2 Metal Core: 40k pnls Manpower: 200+ EMC (ZS) Zhongshan CCL: 950k sheets PP: 2.1kk meters Manpower: 900+

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- 公司簡介 全球生產基地及主要據點

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Japan
UK Kunshan, China
MN MN Germany
MN Huangshi, China
OH
Korea
SJ & SA, CA
Zhongshan, China
RC, CA France
CA
Taiwan,
HQ
Production facility
Distributor
Representative office
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企業社會責任報告書

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營收穩定成長

營收：新台幣億元

400.0 2003 ： 23.76 億元 → 2021 ： 385.0 億元 350.0 (2003 ~ 2021)18 年 CAGR=17.0% 300.0 250.0 200.0 150.0 100.0 50.0 0.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

營收

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經營績效穩定成長

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每股現金股息暨股息配發率

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元
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損益表摘要

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單位:新台幣百萬元

營業收入 營業毛利 營業利益

繼續營業部門稅前淨利 所得稅費用 稅後淨利

基本每股盈餘(新台幣元)

營業毛利率(%) 營業利益率(%) 稅後淨利率(%)

3Q22	2Q22	QoQ	3Q21	YoY
9,883	9,983	-1.0%	10,776	-8.3%
2,549	2,297	11.0%	3,078	-17.2%
1,598	1,454	9.9%	2,250	-29.0%
1,630	1,448	12.6%	2,264	-28.0%
(322)	(364)	11.5%	(471)	31.7%
1,308	1,084	20.7%	1,793	-27.1%
3.93	3.25	20.9%	5.38	-27.0%
25.8%	23.0%		28.6%
16.2%	14.6%		20.9%
13.2%	10.9%		16.6%

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資產負債表摘要

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單位:新台幣百萬元

單位:新台幣百萬元 現金及約當現金 應收帳款+應收票據 存貨 不動產、廠房及設備 資產總計	3Q22 金額 百分比 7,526 18.1% 13,309 31.9% 4,710 11.3% 13,742 33.0% 41,688 100.0%	2Q22 3Q21 金額 百分比 金額 百分比 9,596 21.5% 5,568 15.9% 13,246 29.7% 13,631 38.9% 6,196 13.9% 5,336 15.2% 12,711 28.5% 7,883 22.5% 44,653 100.0% 35,059 100.0%
短期借款 應付帳款 長期借款	4,730 11.3% 6,880 16.5% 3,969 9.5%	3,942 8.8% 2,827 8.1% 8,869 19.9% 8,828 25.2% 3,674 8.2% 964 2.8%
業主權益	20,948 50.2%	19,421 43.5% 18,178 51.8%
負債及權益	41,688 100.0%	44,653 100.0% 35,059 100.0%

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Q & A

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