FocalTech — Interim / Quarterly Report 2024

Aug 9, 2024

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敦泰電子(3545)法人說明會

FocalTech Investor Conference

2024/08/09

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.

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

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Agenda

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• 2024 Q2 Result Summary

• Future Outlook

• New Products

• Q&A

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2024 Q2 Results Summary /113年第2季總結(I)

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 第2季觸控IC因AMOLED手機持續成長，而表現出色，IDC產品則因價格持續下滑， 。 供應鏈備貨意願低，拉貨力道弱，造成營收衰退 至於車載相關產品，因大陸新能源 車出口遭歐美加徵關稅，整體車載市場成長未達預期，導至營業額比第一季度降低。 2024年第二季的營收為新台幣29.77億元，與前一季(QoQ) 相比，衰退16.4%，與去 年同期(YoY)相較，衰退4.3% 。

 In Q2 2024, AMOLED touch IC sales revenue grows significantly due to the demand of AMOLED-based smart phones continue to increase. On the other hand, sales of IDC (TDDI) for LCD-based phones decreased due to the price erosion, which has been continuing over several quarters. As for automotive IDCs, due to the high tariff imposed on China mainland by EU and US, the growth in this sector did not meet the previous expectation. Overall sales revenue in Q2 was NT$2.977 billion, a quarterly (QoQ) decrease of 16.4% and an annual (YoY) decrease of 4.3%.

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

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2024 Q2 Results Summary /113年第2季總結(II)

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 因出貨動能轉往AMOLED的顯示屏靠攏，此趨勢導致產品銷售組合改變，使得毛 利率提升到24.3%，較上季增加2.1%，但由於整體營業額較上季為低的關係，毛 利額降至新台幣7.22億。營業費用較上季減少至新台幣7.21億，第二季營業淨利 為新台幣1佰萬元。受惠於業外收入，稅後淨利為新台幣1.06億元，本季每股盈餘 新台幣0.51元。

 Due to sales growth of higher-margin AMOLED touch ICs, the gross profit rate reached 24.3%, an increase of 2.1% QoQ. However, due to lower total sales revenue, gross profit amount fell to NT$722 million. On the other hand, operation expense reduced to NT$721 million, thus the net operation profit in Q2 was NT$1 million. Benefiting from non-operating income, net profit after tax was NT$106 million. EPS for this quarter was NT$0.51.

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

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2024 Q2 Income Statement /113年第2季損益表

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Unit: NT$ Million /單位: 新台幣佰萬元

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24' Q2 24' Q1 QoQ 23' Q2 YoY
Revenue/ 營業收入 2,977 3,561 -16.4% 3,112 -4.3%
Gross Profit/ 營業毛利 722 792 -8.8% 638 13.2%
Gross Margin/ 營業毛利率 24.3% 22.2% ↑2.1% 20.5% ↑3.8%
Operating Expense/ 營業費用 721 784 -8.0% 601 20.1%
Operating Income/ 營業淨利 1 8 -86.9% 37 -97.2%
Non Operating Income/ 營業外收入 105 103 1.6% 99 5.8%
Profit before Tax/ 稅前淨利 106 111 -4.7% 137 -22.4%
Profit after Tax/ 稅後淨利 106 112 -4.7% 103 3.6%
EPS(Basic)/ 每股盈餘(基本)
0.51 0.54 ↓0.03 0.51 0.00
(Unit: NTD /單位:新台幣元)
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2024 Q2 Balance Sheet / 113年第2季資產負債表

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Unit: NT$ Million /單位: 新台幣佰萬元

	24' Q2	24' Q1	QoQ	23' Q2	YoY
Cash & Market Securities/ 現金及金融資產	9,954	9,374	6.2%	6,721	48.1%
Accounts Receivable/ 應收帳款	1,003	1,340	-25.1%	1,180	-15.0%
Inventory/ 存貨	2,871	2,811	2.1%	3,593	-20.1%
Other Current Assets/ 其他流動資產	320	300	6.5%	223	43.3%
Non Current Asset/ 非流動資產	5,240	5,373	-2.5%	6,426	-18.5%
Total Assets/ 資產總計	19,388	19,198	1.0%	18,143	6.9%
Current Liabilities/ 流動負債	5,494	5,159	6.5%	4,148	32.4%
Non Current Liabilities/ 非流動負債	4,246	4,387	-3.2%	4,952	-14.3%
Owner's Equity/ 股東權益	9,648	9,652	0.0%	9,043	6.7%
Total Liabilities and Owners' Equity/ 負債與權益	19,388	19,198	1.0%	18,143	6.9%
Net Worth per share/ 每股淨值 (Unit: NTD /單位:新台幣元)	43.72	43.72	-	41.58	↑2.04

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

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Future Outlook /未來展望(I)

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• 第三季將進入傳統旺季。隨著蘋果和三星發布新的AI手機，預計將帶動高階手機市場的強 勁銷售。另一方面，有跡象顯示手機中低階IDC（TDDI）IC價格趨穩，顧客開始備貨。因 敦泰的產品涵蓋手機多個領域，預計下半年營收將有較好的成長機會。

 The third quarter is traditionally a hot season. As many cellphone makers are beginning to introduce new AI-based smart phones, stronger sales is expected in the high-end mobile phone segment this year. At the same time, the price pressure on mid-to-low-end IDC (TDDI) ICs may have come near an end. We start to see volume demand increase now. Because FocalTech's products cover many segments of mobile phones, we expect to see some revenue growth in the coming quarters.

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

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Future Outlook /未來展望(II)

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• 敦泰持續投入研發，開發高端的LCD IDC(TDDI) 產品，經過多年的努力，敦泰的產品在 車載、NB、家電、工控等領域的營收逐步提升，將成為敦泰的重要獲利來源。隨著 AMOLED產品的應用越來越普及，敦泰作為觸控產業的領先廠商，也將持續推出更具 有競爭力的新產品，增強公司的長期獲利能力。

 FocalTech continues to invest in R&D to develop higher-end LCD IDC(TDDI) products. With years of effort, the sales revenue in Automotive, NB, AIoT, and Industrial Control segments has been increasing noticeably. These new segments will also become an important source of profit for FocalTech. On the other hand, the AMOLED based products are also becoming more popular, FocalTech, as a leader in the touch ICs, will continue to launch new products in both touch IC and display drivers to improve the company's long-term profits.

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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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www.focaltech-electronics.com