FocalTech — Interim / Quarterly Report 2015

Jun 18, 2015

June, 2015

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----- Start of picture text ----- About FocalTech 關於敦泰電子----- End of picture text -----

Date of Merger (FocalTech+Orise) January 2[nd] , 2015 敦泰與旭曜合併基準日 104 年 1 月 2 日 TSE ticker[股票代號] 3545

Capital 股本 (as of 15’/5/31)

NT$ 4,177 million

Market Cap. 市值 (as of 15’/5/31) NT$ 13,950 million Employee # 員工人數 (as of 15’/5/31) 767 ppl

767 ppl

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----- Start of picture text ----- San Jose 北京 Xi’an聖荷西 (CN) 西安(USA) (CN)Zhubei Shanghai竹北 上海2 in TW 台灣(TW) (CN)7 in CN 中國Hsinchu Hangzhou1 in US 美國新竹 杭州(TW) (CN)ShenzhenNanchang南昌深圳 Xiamen(CN)(CN) 廈門(CN)CONFIDENTIAL@2015 FocalTech Systems. All rights reserved3----- End of picture text -----

Product Lines產品線

LCD Driver IC顯示驅動IC

• SOC整合單晶片

• Source Driver (SD)源極

• Gate Driver (GD)閘極

• Feature Driver (SD+TCON)

• Timing Controller (TCON)時序控制

Application應用

TFT:

• Small size – Mobile phone, Wearable device, GPS, DSC, CIS, E-tag…手機、 穿戴式、導航、相機、車用、電子標籤等

• Medium size – Tablet, NB, MNT, Consumer products…平板、筆電、監視 器、消費性等

• STN: Fax machine, Calculator…傳真機、 計算機等

Touch Controller IC觸控IC

Mobile phone, Tablet…手機、平板等

• Self-Capacitive自電容

• Mutual-Capacitive互電容

Integrated Driver Controller (IDC)

Mobile phone手機

趨動觸控整合單晶片

Fingerprint Solution指紋辨識

Mobile phone手機

• Swipe type滑動式

• Area type按壓式

CONFI DENTIAL @2015 FocalTech Systems. All rights reserved

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• About Super In-cell關於Super In-cell :

  • Adopt self capacitive sensing technology採用自電容技術

  • Support multi-finger sensing支援多指觸控

  • Simpler panel structure and easy for MP簡易面板架構/易於生產

 Lower cost than out-cell or other in-cell成本較外掛式/其他in-cell低

• Support high resolution display beyond FHD支援高解析度面板

• Support larger display size up to 10”支援至10吋之較大尺寸面板

• Support both LTPS & a-si TFT LCD支援非晶矽與低溫多晶矽面板

• Make display slimmer, lighter & brighter使面板更輕、更薄、更透亮

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 About IDC關於IDC :

• A SOC integrates LCD driver & touch controller驅動觸控整合單晶片

• Simplify in-cell touch display module structure簡化內嵌觸控面板模組架購

• Reduce the external components減少外部元件

• Lower power consumption降低功耗

• Minimize compatibility issues between 2 components減少零組件相容性問題

• :

• Super In-cell + IDC

  • Better display performance強化顯示效果

  • Lower cost & fewer suppliers降低成本/減少供應商

  • Simpler production process & shorter product lead time簡化製程與縮短產品 生產週期

 Slimmer product design達到輕薄設計

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• Strong patent portfolio in Super In-Cell with IDC

在SIC及IDC技術上具有堅強專利組合

• Cooperate with multiple LCD makers in TW, JP, CN & KR 與台/日/中/韓面板業者合作

• Support HD, FHD & beyond

支援HD/FHD或更高解析度

• Launch 5 IDC solutions in 2015

  • 104年推出5顆IDC產品

• Production starts in 2H 2015

104年下半年開始量產

• Draw great interests from numerous handset makers

吸引眾多手機客戶關注

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• Proficiency in LCD driver & touch technology 專精顯示驅動與觸控技術

• Complete product portfolio & lineups for small-medium sized panel 擁有中小尺寸顯示與觸控面板應用所需之完整產品線與產品組合

• Broad customer base: display & module makers, touch module makers, OEM/ ODM makers 廣大客群：顯示/模組商、觸控模組商、系統廠

• Quick response to customer needs by strong technical supports 堅強技術支援以快速回應客戶需求

• One stop shopping for LCD driver ICs & touch controller ICs 顯示驅動IC與觸控IC一站式採購

• Better compatibility with bundled sales 組合銷售增加產品相容性

• Leading edge in advanced technology: in-cell touch solutions 前瞻技術：內嵌式觸控

• Extending to emerging technology via self-owned capabilities and partnership: fingerprint solutions

利用自有技術與產業合作延伸觸角至新興指紋辨識技術

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----- Start of picture text ----- (Pro Forma) Company Revenue擬制性營收NT$ MM5,0004,500 4,388 Revenue4,000 3,8073,387 3,3563,5003,000 2,8532,4292,5002,0001,5001,000500013'Q4 14'Q1 14'Q2 14'Q3 14'Q4 15'Q1----- End of picture text -----

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----- Start of picture text ----- (Pro Forma) Financial Results 擬制性經營成果NT$ MMGross ProfitNet Profit1,000600971903742654200 448 432 362 3762428213'Q4 14'Q1 14'Q2 14'Q3 14'Q4 15'Q1-200 -56-153----- End of picture text -----

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----- Start of picture text ----- Shipments出貨量M units800700600500400 73763630020037210013302012 2013 2014 2015 Q1----- End of picture text -----

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Reviewed, Amt: in NT$ M核閱，金額：百萬元新台幣

	3 months ended on季度結束於	2015/3/31	2015/3/31	2014/12/31Pro Forma	2014/12/31Pro Forma	QoQ
	Net Revenue銷貨收入	2,429.1	100.0	2,865.3	100.0	-15%
	Cost of Rev.銷貨成本	2,053.1	84.5	2,503.5	87.4	-18%
	Gross Profit營業毛利	376.0	15.5	361.8	12.6	4%
	Op. Exp.營業費用	521.9	21.5	507.3	17.7	3%
	Income from Op.營業淨利	(145.8)	-6.0	(145.5)	-5.1	0%
	Non-Op. Income & Exp.營業外收入及支出	95.4	3.9	4.5	0.2	2043%
	IBIT稅前淨利	(50.4)	-2.1	(141.0)	-4.9	-64%
	Income Tax所得稅費用	(5.2)	-0.2	(11.8)	-0.4	-56%
	Net Income本期淨利	(55.6)	-2.3	(152.8)	-5.3	-64%
	EPS每股盈餘	(0.13)		(0.37)		-64%

Note1: 2015 EPS- -based on weighted average outstanding common shares.104年每股盈餘係依加權平均流通在外股 數計算

Note2: 2014 EPS- -based on outstanding common shares of 417,365.8K on 2015/3/31.103年每股盈餘係依104年3月 31日流通在外普通股417,365.8仟股計算

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Reviewed, Amt: in NT$ M核閱，金額：百萬元新台幣

CONFI	As of於	2015/3/31	2014/12/31 Pro Forma	QoQ
	Total Assets總資產	15,929	13,674	14%
	Cash Equivalent約當現金	7,307	7,680	-5%
	AR應收帳款	1,797	2,162	-20%
	Inv.存或	2,879	3,320	-15%
	Total Lia.總負債	3,593	3,800	-6%
	Short-term Loans短期借款	219	317	-44%
	AP應付帳款	1,169	1,362	-16%
	Convertible Bonds可轉債	945	938	1%
	Shareholder Eqt.股東權益	12,336	NA
	Net CF In (Out)淨現金流入(出)	777	1,270	-64%
	CF fm Operation營運現金流量	(225)	1,351	700%
	ROE-annualized股東權益報酬率	NA	NA
	AR Days應收帳款天數	74	56
	DENTIAL Inv. Days存貨天數	138	109

@2015 FocalTech Systems. All rights reserved

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----- Start of picture text ----- Thank you !----- End of picture text -----

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