FICG — Call Transcript 2023

Nov 23, 2023

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2023 FIC Global Inc. KGI Earnings Call

2023/11/23 Copyright © Reserved By FIC Global Inc.

FIC Current Status

3CEMS Current Status Ubiqconn Current Status Group Business Motivation

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BALANCE SHEET HIGHLIGHTS

Unit ： NT$K

	2023.09.30	%	2022.09.30	%
Cash and cash equivalents	2,610,415	22	1,233,263	12
Accounts receivable, net	2,808,843	23	2,417,762	24
Current inventories	3,189,213	27	3,570,103	35
Property, plant and equipment	568,057	5	611,083	6
Right-of-use assets	545,149	5	380,597	4
Investment property, net	916,262	8	956,748	10
Total assets	11,951,846	100	10,161,016	100
Total liabilities	5,406,853	45	4,930,345	49
Total equity	6,544,993	55	5,230,671	51

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FIC Global Inc.
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STATEMENTS OF COMPREHENSIVE INCOME

STATEMENTS OF COMPREHENSIVE INCOME	STATEMENTS OF COMPREHENSIVE INCOME	STATEMENTS OF COMPREHENSIVE INCOME	STATEMENTS OF COMPREHENSIVE INCOME	STATEMENTS OF COMPREHENSIVE INCOME
Unit：NT$K
	2023.01.01~ 2023.09.30	%	2022.01.01~ 2022.09.30	%
Operating revenue	10,048,462	100	8,822,344	100
Operating costs	(8,362,651)	(83)	(7,680,446)	(87)
Grossprofit from operations	1,685,811	17	1,141,898	13
Total operating expenses	(1,063,045)	(11)	(858,424)	(10)
Net operating income	622,766	6	283,474	3
Total non-operating income and expenses	184,084	2	378,257	5
Tax expense	(148,312)	(2)	(86,956)	(1)
Profit	658,538	6	574,775	7
Profit, attributable to: Profit, attributable to owners ofparent	372,060	3	371,160	4
EPS（NTD）	1.70		1.74

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FIC Global Inc.
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FIC AUTOMOTIVE ELECTRONICS

HUD Market Shipment

Unit: Millions

Source: Soochow Securities

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FIC Global Inc.
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ARHUD CHINA MARKET STATUS

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WHUD LCOS
3D HUD AR TFT
DLP
CHUD HUD
LBS
USD
A HUD
$80~$200
Micro
HUD
LED
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FIC Global Inc.
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ARHUD THREE STEPS

3

1[ST] LINE IMMERSIVE 2027~2030 ARHUD INDUSTRY INTEGRATION HIGHEND MARKET

EXCHANGE

- GROWTH - USA 2 1[ST] & 2[ND] LINE ARHUD 2025~2027 CUSTOMIZE FOR UP&DOWN STREAM MID-MARKET ASIA - BALANCE - EUROPE

2[ND] LINE RECEIVE ARHUD LOWER MARKET INDO-PACIFIC - QUANTITIES -

1 2023~2025 EXPANDS MARKET SHARE

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FIC Global Inc.
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Germany IAA Mobility

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FIC Global Inc.
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CLUSTER / ECU / ADAS

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FIC Global Inc.
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3CEMS OPTICAL MODULES

MARKET STATUS

the AI trend drives an explosion in high-speed transmission demand, with 800G and 1.6T expecting the growth in 2024-2025.

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FIC Global Inc.
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3CEMS OPTICAL MODULES

MARKET STRENGTH

CURRENT CUSTOMER

COMPLETE PRODUCT LINE

10G~800G Optical Modules MP, development of 1.6T, including others like CFP, SFP+QSFP28, OSFP, TXFP, QSFPDD.

SUPREME TECHOLOGY

， Support 008004 (0.25*0.125mm)SMT Bare die COB, Die/Wire Bonding.

PROFOUND EXPERIENCE

Over 15 years of optical modules design manufacturing & SMT team.

2022 TOP 10 COMPANIES	2022 TOP 10 COMPANIES	2022 TOP 10 COMPANIES
RANK	2018	2022
1	Finisar	Coherent(Finisar) Innolight
2	Innolight
3	Hisense	Cisco(Acacia)
4	Accelink	HiSilicon
5	Broadcom	Accelink
6	Lumentum & Oclaro	Hisense
7	Acacia	Eoptolink
8	Intel	HGG
9	AOI	Intel
10	Sumitomo	Source Photonics

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FIC Global Inc.
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3CEMS OPTICAL MODULES MARKET FUTURE STATUS

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Unit: K

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4,000
3,000
2,000
1,000
0
2022 2023 2024 2025 2026 2027 2028
100G 200G 400G 800G
Source: Omdia
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FIC Global Inc.
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3CEMS SEMICONDUCTOR

COB Chip On Board

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WIRE DIE RESIN
PCB
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FIC Global Inc.
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3CEMS SEMICON SMT TECHNOLOGY

Semicon (COB)

SMT

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IC/BGA ACTIVE:
 3.2T Wire-Bond
OSFP-XD • SMT MP Smallest
0.27mm pitch
•
SMT+COB for
800G/1.6T smallest
0.125mm pitch
Flip-chip pitch(mm):
IC/BGA 主動件 : Fine-pitch(mm) 0.5mm  0.4mm  0.35mm  0.27mm 0.15~0.125 /Φ65~70µm Cap-
Chip 被動件 : 0201  01005 / 矽電容  008004 (T/R PASS) bond
(Bare die) CHIP PASSIVE:
COMMON SMD
BGA BGA(DSP) BGA(MCU) BCM87803A0-DIE1849 球
0.60.3 •
Smallest
008004(0201M)
0.40.2
2017 MP capability
LGA WLCSP QFP
0.07mm 0.250.125
• 01005 Yield Rate
Ceramic 99.996%
Silicon -bond
QFN SIP capacitor (40dppm) /2022
1.00.5
•
0201 Yield Rate
99.999%
(10dppm) /2022
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FIC Global Inc.
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Next… AI Server / AI PC

WW AI Chip market($M)

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source: ABI Research(Dec.2022)

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FIC Global Inc.
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UBIQCONN CAGR 38%

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Self-Brand, RuggON,
Transportation
Agriculture Established 2022/10/4
PAD Into Automotive & Keep Growing Logistic Sub-Company IPO
Business BMS business ChungHe Factory In the U.S.
3264
SATCOM 3200
進入航海設備 Business
Achieved
市場, 成為世
330 Million
SW Development
界級品牌戰略
ARM System, With Revenue
Android & Linux 夥伴
1638 1609
1509
1211 1221
844
90
573
345 506
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
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FIC Global Inc.
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UBIQCONN FUTURE PLAN SATCOM & BRAND

• SATCOM

• CREATE ECO-SYSTEM, COMPLELTE SYSTEM INTEGRATION CAPABILITY

• ，

• EXPAND MARKET ： GEO  MEO  LEO BECOME THE LEADER OF SATCOM BUSINESS IN TAIWAN.

• BRAND

• EXPAND SALES CHANNLES

• SW/HW INTEGRATION AND TOTAL SOLUTION

• KEEP INVESTING R&D

• • KEEP INVESTING SMART MANUFACTURING

• 2023 2024 2025 2026 2027 2028

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FIC Global Inc.
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BUSINESS GOAL

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FIC Global Inc.
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SATCOM

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35
%
30
%
25
%
20
%
15%
10
%
5%
0% 0% 16% 17% 18% 19% 20% 21% 22% 23%
2020 Market Share
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CAGR (2020-2026)

UBIQCONN GROUND EQUIPS

Source: Markets & Markets

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FIC Global Inc.
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SATCOM PASS 3 YEARS APPLICATION
3,500
海事 Marine 移動衛星應用 SATCOM 衛星通訊 SATCOM (LEO)( 低軌應用 ) 政府專案 GOVERNMENT 其他 OTHER
3,000 ----
2,500
15%
2,000
20784%
1,500
16%
1,000
-4%
500
0
2020 2021 2022
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Unit: 100 Million

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FIC Global Inc.
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LAUCH VEHICLE

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Phase 3 2023
LEO IoT
Phase 1 2011
GNSS
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UBIQCONN SATCOM APPLICATION BLUEPRINET

Phase 4 2024 LEO Land & Maritime Phase 2 2022 GEO / MEO Land & Maritime

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FIC Global Inc.
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Smart Agriculture Rextrom PX501C

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Global Defense Rextorm PM-521

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Green Transportation MT7030

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Intelligent Logistic VULCANX

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FIC Global Inc.
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GROUP BUSINESS MOTIVATIONS

AR HUD Augmented Reality Head-Up Display

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AI
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EMS / DMS
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SATCOM BRAND GEO / MEO / LEO Rugged Tablets

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FIC Global Inc.
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CORE COMPETIENCE

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O1/
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LBS PGU Technology, ARHUD MP Ready

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O2/
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LEO Receiver Antenna Technology and Box-Build Capability

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INNOVATION CAPABILITY
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O1/
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Optical Module Manufacturing with High Profits

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O2/
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IPC & Self-Brand for Military & Special Units

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O3/
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High-Precision Electronic DMS/EMS

ACHIEVING SUSTAINABLE OPERATIONS CAPABILITY: Join Design with Customer, LV/HM, Box-Build, and Turnkey Solution INNOVATION : AR HUD, AI Server, SATCOM Receiver Products

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FIC Global Inc.
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STRATEGY

(BCG Growth/Share Matrix)

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AR HUD
AI OPTICAL MODULE
SATCOM
AI PC
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FIC Global Inc.
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FIC Global Inc. Thank You

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