FocalTech — Interim / Quarterly Report 2021

Oct 29, 2021

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敦泰電子(3545)法人說明會

FocalTech Investor Conference

2021/10/29

The world leader in human machine interface solutions

免責聲明DISCLAIMER

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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。

• This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources.

• 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。

• The actual results of operations, financial condition, and business prospects may differ from those explicitly or implicitly indicated in those forward-looking statements for a variety of reasons, including but not limited to market demand, price fluctuations, competition, supply chain issues, global economic conditions, exchange rate fluctuation and other risks and factors beyond FocalTech’s controls.

• 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。

• The forward-looking statements in this presentation, if any, only reflect the current view of FocalTech as of the date of its release. FocalTech undertakes no obligation to update those forward-looking statements for events or circumstances that occur subsequently.

CONFIDENTIAL

© 2021 FocalTech Systems Co., Ltd. All rights reserved

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2021 Q3 Results Summary /110年第3季總結(1)

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 受惠於智慧型手機傳統旺季及市場價格持續上揚，推高Q3營收達62.72億元，較Q2 季增9%，年增64% 。從去年Q2因新冠疫情的低點開始，連續五個季度的成長，創 公司單季營收歷史新高。

 Benefited from the traditional high season and the continuous rising of ASP, the company’s revenue in Q3 reached NT$6.27 billion; 9% increase QoQ , or 64% increase YoY. This represents a revenue increase of 5 straight quarters since the last dip in Q2 of 2020 caused by the impact of Covid-19. This revenue also sets a historical new high since the inception of FocalTech 16 years ago.

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© 2021 FocalTech Systems Co., Ltd. All rights reserved

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2021 Q3 Results Summary /110年第3季總結(2)

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 主要產品在Q3因應市場售價普遍上漲，推升單季毛利率達54.5%，較上季提升4 個百分點，公司營業淨利達24億元，再創歷史新高，但由於所得稅認列之影響， 使得單季稅後純益減至18.27億元，較上季稍低但仍比去年同期大增5.82倍，每股 純益為NT$9.02元。

 Due to the continuing ASP increase, the gross margin in Q3 rose to 54.5%; 4 percentage points higher than in Q2. The operating profit reached NT$2.41 billion; setting another new record in company history. However, due to the increase of income tax payable, the net profit after tax was NT$1.83 billion, which represented more than 5-fold YoY increase. The EPS of Q3 was NT$ 9.02.

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© 2021 FocalTech Systems Co., Ltd. All rights reserved

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Q3 21’Income Statement /110年第3季損益表

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Unit in NT$ Million /單位: 新台幣佰萬元

	21' Q3	21' Q2	QoQ	20' Q3	YoY
Revenue/ 營業收入	6,272	5,772	9%	3,816	64%
Gross Profit/ 營業毛利	3,415	2,908	17%	815	319%
Gross Margin/ 營業毛利率	54.45%	50.37%	↑4%	21.35%	↑33%
Operating Expense/ 營業費用	998	869	15%	576	73%
Operating Income/ 營業淨利	2,417	2,039	19%	239	911%
Non Operating Income/ 營業外收入	-12	362	-103%	39	-131%
Profit before Tax/ 稅前淨利	2,405	2,401	0%	278	765%
Profit after Tax/ 稅後淨利	1,827	2,099	-13%	268	582%
EPS(Basic)/ 每股盈餘(基本)	9.02	10.43		1.06

CONFIDENTIAL

© 2021 FocalTech Systems Co., Ltd. All rights reserved

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Q3 21’Balance Sheet / 110年第3季資產負債表

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Unit in NT$ Million /單位: 新台幣佰萬元

	21' Q3	21' Q2	QoQ	20' Q3	YoY
Cash & Market Securities/ 現金及流動金融資產	9,686	7,939	22%	5,066	91%
Accounts Receivable/ 應收帳款	2,575	2,554	1%	1,487	73%
Inventory/ 存貨	2,494	1,944	28%	2,267	10%
Other Current Assets/ 其他流動資產	486	415	17%	247	97%
Non Current Asset/ 非流動資產	6,227	3,589	74%	2,876	117%
Total Assets/ 資產總計	21,468	16,441	31%	11,943	80%
Current Liabilities/ 流動負債	6,490	4,823	35%	4,213	54%
Non Current Liabilities/ 非流動負債	2783	703	296%	473	488%
Owner's Equity/ 股東權益	12,195	10,915	12%	7,257	68%
Total Liabilities and Owners' Equity/ 負債與權益	21,468	16,441	31%	11,943	80%

CONFIDENTIAL

© 2021 FocalTech Systems Co., Ltd. All rights reserved

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Future Outlook /未來展望(1)

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• 由於全球手機終端市場銷售不如市場預期，手機相關的晶片在Q4的需求預料將 趨減緩，但因上下游供應鏈存在長短料的情況，部份IC的需求依然十分強勁，供 需不平衡的問題仍需要一段時間調整，因此晶片短缺的狀況亦將持續發酵。

• General shipment of cellphone related products in Q4 will slow down slightly due to slow sales of cellphones in the end market. However, some IC’s are still in severe shortage. The unbalance of IC supply and demand is expected to continue for some time.

• 因晶圓代工費用於Q4將持續上漲，而產品平均售價上揚已近飽和，成本將面臨 轉嫁上的壓力，預料第4季的毛利率會較上一季有所下滑。

• Foundry wafer price will continue to rise in Q4. We expect that the overall Q4 gross margin may be lower than the previous quarter due to this cost increase.

CONFIDENTIAL

© 2021 FocalTech Systems Co., Ltd. All rights reserved

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Future Outlook /未來展望(2)

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 隨著既有產品線的營收規模擴大，敦泰亦持續多角化布局，除了積極進攻 AMOLED領域，開發驅動IC晶片，亦擴大LCD顯示、觸控及指紋辨識技術布局在 車用及工控等非手機應用市場，預期IDC(TDDI)明年在車用市場將開始量產出貨。  With the revenue increasing in recent years, FocalTech keeps diversifying our product portfolio and markets with the existing products and technologies such as display drivers, touch controllers and fingerprint sensors. New products include AMOLED display driver IC, IDC (TDDI) for automotive and Industrial applications. It is expected to have noticeable progress in automotive market starting 2022.

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© 2021 FocalTech Systems Co., Ltd. All rights reserved

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THANKS
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Copyright © 2021 FocalTech Systems Co., Ltd. All Rights Reserved. The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a number of factors that could cause actual results and developments to differ materially from those contained in the predictive statements. Therefore, such information is provided for reference purpose only and constitutes neither an offer nor an acceptance. FocalTech makes no warranties, express, implied or otherwise, regarding the accuracy or completeness of those information. FocalTech may change the information at any time without keeping recipients updated of any information contained in this document.

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