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FocalTech — Interim / Quarterly Report 2022
Sep 15, 2022
52342_rns_2022-09-15_49bddde6-bd3a-4f20-aba1-4fa387d92226.pdf
Interim / Quarterly Report
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敦泰電子 法人說明會 (3545)
FocalTech Investor Conference
2022/07/29
The world leader in human machine interface solutions
Agenda
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2022 Q2 Result Summary
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Future Outlook
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Q&A
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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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。
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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.
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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。
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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.
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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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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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Q2 22’Income Statement /111年第2季損益表
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Unit: NT$ Million /單位: 新台幣佰萬元
| 22' Q2 | 22' Q1 | QoQ | 21' Q2 | YoY | |
|---|---|---|---|---|---|
| Revenue/ 營業收入 | 3,327 | 3,893 | -14.5% | 5,772 | -42.4% |
| Gross Profit/ 營業毛利 | 1,127 | 1,542 | -26.9% | 2,908 | -61.2% |
| Gross Margin/ 營業毛利率 | 33.9% | 39.6% | ↓5.7% | 50.4% | ↓16.5% |
| Operating Expense/ 營業費用 | 1,105 | 869 | 27.2% | 869 | 27.2% |
| Operating Income/ 營業淨利 | 22 | 673 | -96.7% | 2,039 | -98.9% |
| Non Operating Income/ 營業外收入 | 186 | 222 | -16.2% | 362 | -48.6% |
| Profit before Tax/ 稅前淨利 | 209 | 895 | -76.6% | 2,401 | -91.3% |
| Profit after Tax/ 稅後淨利 | 83 | 723 | -88.5% | 2,099 | -96.0% |
| EPS(Basic)/ 每股盈餘(基本) | 0.44 | 3.57 | 10.43 |
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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Q2 22’Balance Sheet / 111年第2季資產負債表
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Unit: NT$ Million /單位: 新台幣佰萬元
| 22' Q2 | 22' Q1 | QoQ | 21' Q2 | YoY | |
|---|---|---|---|---|---|
| Cash & Market Securities/ 現金及流動金融資產 | 8,497 | 11,363 | -25.2% | 7,939 | 7.0% |
| Accounts Receivable/ 應收帳款 | 1,875 | 2,295 | -18.3% | 2,554 | -26.6% |
| Inventory/ 存貨 | 8,066 | 5,819 | 38.6% | 1,944 | 314.9% |
| Other Current Assets/ 其他流動資產 | 241 | 371 | -35.0% | 415 | -41.9% |
| Non Current Asset/ 非流動資產 | 6,769 | 6,649 | 1.8% | 3,589 | 88.6% |
| Total Assets/ 資產總計 | 25,448 | 26,497 | -4.0% | 16,441 | 54.8% |
| Current Liabilities/ 流動負債 | 8,853 | 6,565 | 34.9% | 4,823 | 83.6% |
| Non Current Liabilities/ 非流動負債 | 5,301 | 5,284 | 0.3% | 703 | 654.1% |
| Owner's Equity/ 股東權益 | 11,294 | 14,648 | -22.9% | 10,915 | 3.5% |
| Total Liabilities and Owners' Equity/ 負債與權益 | 25,448 | 26,497 | -4.0% | 16,441 | 54.8% |
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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Future Outlook /未來展望 (I)
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- 在終端市場需求減緩及降價壓力的雙重影響之下，導致敦泰第二季營收及獲利衰退。 目前來說，終端市場需求疲軟的現象也從手機產品逐步擴及至個人電腦產品。
The decline of sales and profit in 2[nd] quarter was caused by the combination of weak demand and the drop in selling price. The weak end market demand is wide spread, which covers all consumer sectors from cellphones to personal computers.
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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Future Outlook /未來展望 (II)
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市場需求放緩一旦開始，隨之引起的是存貨水準過高的問題。過去兩年，許多製造 商由於擔心供應鏈斷鏈及晶片短缺造成不齊套料，影響到未來的生產計畫，因此多 已超額準備庫存，但這也造成了手機和個人電腦等產業目前普遍存在庫存過高的問 題，而這些庫存可能需要幾個季度來消化。
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The onset of weak demand usually leads a pile up of inventory. This time, due to the
interruption of supply chain and the shortage of chips in the past two years, most manufacturers have prepared extra inventories as a common practice. As a result, the inventory pile up this time has created a big problem. This inventory situation is affecting the entire cellphone and personal computer industry and may take multiple quarters to correct.
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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Future Outlook /未來展望 (III)
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公司與客戶目前維持緊密協商及合作，希望能儘速解決目前庫存過高的問題。公司 與客戶簽訂的供貨合約( LTA)在短期內雖然無法立刻解決目前庫存過高的問題，但 這些供貨合約(LTA)提供了敦泰一個恰當的機制去與客戶共同協商出未來的長期出 貨計畫，以實現雙贏的局面。
We are working closely with our customers to cope with the inventory issue. The LTA we had signed with the customers appears not a short-term tool to fix the over inventory problem, but provides us a good platform to work with our customers towards a win-win situation in longer term.
CONFIDENTIAL
© 2021 FocalTech Systems Co., Ltd. All rights reserved
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Future Outlook /未來展望 (IV)
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儘管目前全球經濟充斥著負面的消息，但敦泰還是有一個令人振奮的亮點，那就是我們的 車載產品。敦泰車載部門的IDC(TDDI)產品在市場中持續成長。統計今年上半年車載In-cell 產品出貨量，已超越2021年全年的表現。現階段，敦泰已經晉升為世界頂級供應商之一， 並期待車載相關產品的營收能夠在下半年持續成長。
Amid the bad economic news all around, there is a shining spot; that is our automotive business. FocalTech’s IDC (TDDI) for automotive sector continues to grow in contrast to the declining consumer market. The shipment of our In-cell products in the first 6 months this year exceeds the shipment of whole year in 2021. Currently ranked as the world’s top supplier, we expect the sales for automotive applications will continue to increase in the 2[nd] half of the year.
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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www.focaltech-electronics.com