FocalTech — Interim / Quarterly Report 2021

Aug 9, 2021

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敦泰電子(3545)法人說明會

FocalTech Investor Conference

2021/7/30

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

2

2021 Q2 Results Summary /110年第2季總結 (1)

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 隨著產業需求旺盛，敦泰第2季出貨進入高檔；同時，由於觸控、IDC產品市場價格 繼續上揚，推高Q2營收達57.72億元，較Q1季增33%，年增109% 。從去年第2季 度因新冠疫情的低點開始，連續四個季度的成長，再創公司單季歷叱新高。

 With the warming up of market demand in Q2, FocalTech shipments increased to a new high. At the same time, due to the tightness of supply, the ASP of IDC and touch controller continued to rise, which led Q2 revenue reaching NT$5.77 billion; 33% increase QoQ or 109% increase YoY. This represents a revenue increase of 4 straight quarters since the last dip in Q2 of 2020 due to the impact of Covid-19. This also sets a historical high since the inception of FocalTech 16 years ago.

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

3

2021 Q2 Results Summary /110年第2季總結 (2)

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 主力產品IDC在第2季因應市場售價普遍上漲而大幅提升，推升Q2毛利率達50.4%， 較上季提升13個百分點，帶動單季稅後純益達20.99億元，季增逾1.5倍，年增近 20倍，每股純益為NT$10.43元，獲利創敦泰自2013年上市後單季最高紀錄。

 Due to the drastic ASP increase in Q2, the gross margin of Q2 jumped to 50.4 %. This led to the quarter net profit after tax reaching NT$1.04 billion, representing a 151% QoQ increase or more than 19 folds YoY increase. The EPS of NT$10.23 was achieved for the quarter. This sets a record high since FocalTech IPO in 2013.

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4

Q2 21’Income Statement /110年第2季損益表

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Unit in NT$ Million /單位: 新台幣佰萬元

	21' Q2	21' Q1	QoQ	20' Q2	YoY
Revenue/ 營業收入	5,772	4,350	33%	2,768	109%
Gross Profit/ 營業毛利	2,908	1,629	79%	613	374%
Gross Margin/ 營業毛利率	50.4%	37.4%	↑13%	22.16%	↑28%
OperatingExpense/ 營業費用	869	703	24%	506	72%
OperatingIncome/ 營業淨利	2,039	925	120%	107	1806%
Non Operating Income/ 營業外收入	362	53	583%	29	1148%
Profit before Tax/ 稅前淨利	2,401	978	145%	136	1665%
Profit after Tax/ 稅後淨利	2,099	837	151%	101	1978%
EPS(Basic)/ 每股盈餘(基本)	10.43	4.24		0.38	2645%

CONFIDENTIAL

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

5

Q2 21’Balance Sheet / 110年第2季資產負債表

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Unit in NT$ Million /單位: 新台幣佰萬元

	21'Q2	21'Q1	QoQ	20'Q2	YoY
Cash & Market Securities/ 現金及流動金融資產	7,939	7,110	12%	4,290	85%
Accounts Receivable/ 應收帳款	2,554	1,823	40%	1,418	80%
Inventory/ 存貨	1,944	2,021	-4%	2,748	-29%
Other Current Assets/ 其他流動資產	415	252	65%	209	99%
Non Current Asset/ 非流動資產	3,589	2,861	25%	2,846	26%
Total Assets/ 資產總計	16,441	14,067	17%	11,511	43%
Current Liabilities/ 流動負債	4,823	4,681	3%	3,277	47%
Non Current Liabilities/ 非流動負債	703	691	2%	324	117%
Owner's Equity/ 股東權益	10,915	8,695	26%	7,910	38%
Total Liabilities and Owners'Equity/ 負債與權益	16,441	14,067	17%	11,511	43%
Net Worth per share/ 每股淨值	50.36	41.3		26.46
AR Days	34	36		48
Inventory Days	61	62		106

CONFIDENTIAL

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

6

Future Outlook /未來展望 (1)

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• 智慧型手機晶片供給已接近當下晶圓代工產能上限，因此在既有產能的限制及新產 能開出緩慢的情況下，預期各類型的IC在下半年的出貨狀況成長空間有限。

• While the industry-wide chip supply has reached capacity limit, and the wafer production capacity expansion has to take time. Significant increase in IC shipment volume becomes difficult in the short term.

• 預料晶圓代工及後段生產成本將於Q3開始有比較明顯的上漲，因此相關產品的售 價亦可能驅於持續上漲，預料下半年營運將隨之正向發展。

• Foundry wafer price and back-end manufacturing costs will continue to rise rather sharply in Q3, which may lead the ASP to continue rising and push up the overall operations.

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

7

Future Outlook /未來展望 (2)

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 隨著營收規模擴大，敦泰亦積極多角化布局，強化非手機領域之應用產品。而包括 平板、NB、車用的產品都已或將陸續進入量產狀態。

 With the expansion of revenue base, FocalTech is also actively diversifying the application of nearly all products into the non-mobile phone sectors. Products including tablets, NB, and automotive are all entering mass production at various stages.

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

8

Future Outlook /未來展望 (3)

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 在AMOLED面板方面，敦泰將持續搶攻小尺吋觸控方案，從硬式面板擴及至柔性 面板，逐步增加在韓系及大陸面板廠的市佔率。此外，亦積極開發AMOLED驅動 IC，將開始出貨於穿戴式的應用上，並規劃送樣多個手機客戶。

• In the area of AMOLED display, in addition to our breakthrough

performance in TP products for both rigid and flexible panel types, FocalTech is also actively engaged in the field of driver ICs. FocalTech is starting to volume ship products for wearable applications and plans to ship samples for multiple cellphone customers soon.

CONFIDENTIAL © 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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