Global Unichip Corp. — Interim / Quarterly Report 2015

Mar 24, 2016

Global Unichip Corp.

GUC Proprietary & Confidential Security C

• Company introduction

• 4Q15 Financial Results

• Business Update

• Q&A

P2

• Established at Hsinchu Science Park, Taiwan, 1998

• IPO on TWSE (symbol: 3443), 2006

• • Largest shareholder TSMC, current share 35%

• • Audit Committee established by Board of Directors, June 2008

• • Board Members:

• Dr. FC Tseng Chairman; Vice Chairman of TSMC

• Jim Lai Board Member; President; Former TSMC USA Director

• Lora Ho Board Member; CFO of TSMC

• Dr. Cliff Hou Board Member; Vice President, Design and Technology Platform of TSMC

• KC Shih Board Member; Founder of GUC

• Benson Liu Independent Director; Former Chairman and CEO of Bristol- Myers Squibb

• (Taiwan) Ltd. – Dr. Chein-Wei Jen Independent Director; Former Director of Institute of

• Electronics at National Chiao Tung University, Taiwan

• Dr. Wen-Yeu Wang Independent Director; Ph. D. of the Science of Law, Stanford Law School ,

• Stanford University, Professor of College of Law, National Taiwan University – Dr. Peter Wu Independent Director; Former President of National Chiao Tung University, Taiwan

P3

==> picture [320 x 167] intentionally omitted <==

Global Unichip Headquarters

No. 10, Li Hsin 6th Rd., Hsinchu Science Park, Hsinchu City 30078, Taiwan Tel: +886-3-564-6600 Fax: +886-3-564-6000

==> picture [153 x 179] intentionally omitted <==

==> picture [215 x 134] intentionally omitted <==

==> picture [226 x 131] intentionally omitted <==

Global Unichip North America

2700 Zanker Road, Suite 168 San Jose, CA 95134, USA Tel: +1-408-382-8900 Fax: +1-408-321-8299

Global Unichip Japan

Yokohama Landmark Tower 16F, 2-2-1, Minatomirai, Nishi-ku, Yokohama 220-8116, Japan Tel: +81-45-222-8256 Fax: +81-45-222-8259

Global Unichip Taipei

8F, No. 246, Sec. 1, Neihu Rd., Neihu Dist., Taipei City 11493, Taiwan Tel: +886-2-8797-5658 Fax: +886-2-8797-5655

P4

Global Unichip Korea #423 G-five Central plaza 1685-8 Seocho-Dong, Seocho-Ku, Seoul,137-070, Korea TEL: +82-2-553-3842 FAX: +82-2-553-3846

==> picture [199 x 211] intentionally omitted <==

==> picture [268 x 134] intentionally omitted <==

Global Unichip Europe B.V. Van Leijenberghlaan 232, 1082 DC Amsterdam, The Netherlands TEL: +31-20-7184888 FAX: +31-20-7184889

Global Unichip China

Unit 1806, Hong Yi Plaza, No.288, Jiu Jiang Rd., Huangpu District, Shanghai 200001, China TEL: +86-21-3366-5868 FAX: +86-21-3366-5878

==> picture [199 x 210] intentionally omitted <==

P5

==> picture [574 x 367] intentionally omitted <==

----- Start of picture text -----

Unit: NT$M
4Q15 3Q15 4Q14
Net Sales 1,992 2,090 1,618
Net Income 171 123 92
EPS (NT$) 1.28 0.92 0.68
Total Assets 5,402 5,167 4,931
Total Liabilities 1,874 1,808 1,498
Total Equity 3,528 3,359 3,433
ROE (%) (1) 4.96 3.74 2.72
----- End of picture text -----

(1) Quarterly net income divided by average equity

P6

Selected Items from Consolidated Statements of Comprehensive Income

Unit: NT$M

	4Q15 QoQ		3Q15	4Q14	YoY
Net Sales NRE Turn Key Others Gross Margin %	1,992 -5% 440 9% 1,489 -3% 63 -57% 623 14% 31.3%		2,090 404 1,539 147 545 26.1%	1,618 228 1,293 97 469 29.0% (119) (261)	23% 93% 15% -35% 33%
SG&A Exp	(139) 7% (299) 10%		(130) (271)		17%
R&D Exp					15%
Operating Income	185 28%		144	89 5.5% 7 (4) 92 5.7% 0.68	108%
%	9.3%		6.9%
Non-Operating Items	12		2
Income Tax Net Income %	(26) 171 39% 8.6%		(23) 123 5.9%		86%
EPS (NT$)	1.28		0.92

P7

Net Sales NRE Turn Key Others Gross Margin SG&A Exp R&D Exp Operating Income Non-Operating Items Income Tax Net Income EPS (NT$)	Amount % 9,014 -1% 1,870 21% 7,056 78% 88 1% 2,071 23.0% (491) -5.4% (870) -9.7% 710 7.9% (4) -0.1% (93) -1.0% 613 6.8% 4.58 2012*	Amount % 6,177 -31% 1,487 24% 4,578 74% 112 2% 1,600 25.9% (456) -7.4% (827) -13.4% 317 5.1% 31 0.6% (59) -1.0% 289 4.7% 2.16 2013*	Amount % 6,952 13% 1,773 26% 4,941 71% 238 3% 1,885 27.1% (457) -6.6% (953) -13.7% 475 6.8% 38 0.6% (75) -1.1% 438 6.3% 3.27 2014*	Unit: NT$M
				Amount % 7,762 12% 1,664 22% 5,605 72% 493 6% 2,194 28.3% (507) -6.6% (1,125) -14.5% 562 7.2% 20 0.3% (88) -1.1% 494 6.4% 3.69 2015*
	Amount	Amount	Amount
	9,014 1,870 7,056 88	6,177 1,487 4,578 112	6,952 1,773 4,941 238
	2,071 (491) (870)	1,600 (456) (827)	1,885 (457) (953)
	710 (4) (93)	317 31 (59)	475 38 (75)
	613	289	438
	4.58	2.16	3.27

* YoY revenue growth rate

P8

Business Update

P9

• NRE revenues from advanced technologies accounted for 92% of 4Q15 NRE revenues, up 113 % YoY

• Turnkey revenues from advanced technologies accounted for 76% of 4Q15 Turnkey revenues, up 14% YoY

• Total revenues from advanced technologies accounted for 80% of 4Q15 revenues, up 24% YoY

• GUC completed first tsmc 10nm low power DDR4 controller IP

• *Please visit GUC’s website (http://www.guc-asic.com) for details.

Note: advanced technologies definition means 65nm and below.

P10

==> picture [557 x 260] intentionally omitted <==

----- Start of picture text -----

90nm Above 65nm 40nm 28nm 16nm
3% 1% 2% 1% 3%
100%
13% 18% 11% 16%
34%
80%
29% 25% 35% 33%
60%
26%
22%
22%
40% 34% 24%
17%
20% 34% 30%
26%
21% 20%
0%
4Q14 1Q15 2Q15 3Q15 4Q15
----- End of picture text -----

P11

==> picture [439 x 191] intentionally omitted <==

----- Start of picture text -----

NRE
90nm Above 65nm 40nm 28nm 16nm
3% 8% 6% 9%
100%
18%
80% 33%
26% 49%
70%
60% 67%
25%
38%
40% 18%
20% 15% 12%9% 19% 11% 9%7%
16% 6% 6% 12% 8%
0%
4Q14 1Q15 2Q15 3Q15 4Q15
----- End of picture text -----

==> picture [464 x 249] intentionally omitted <==

----- Start of picture text -----

Turnkey
90nm Above 65nm 40nm 28nm
3%
100%
11% 9%
28% 24%
32%
80% 31%
27%
27% 32%
60%
25%
29%
40%
40% 20%
45%
40%
20% 31%
22% 24%
0%
4Q14 1Q15 2Q15 3Q15 4Q15 P12
----- End of picture text -----

==> picture [9 x 10] intentionally omitted <==

Taiwan USA China Japan Korea Europe

==> picture [544 x 289] intentionally omitted <==

----- Start of picture text -----

5%
100% 8%
18% 17% 16% 5%
6%
3%
80% 12% 11% 27%
27%
23%
11% 17%
60% 7% 15%
14% 7% 14%
40% 22% 26% 34% 27%
31%
20%
23% 22% 21%
17%
14%
0%
4Q14 1Q15 2Q15 3Q15 4Q15
----- End of picture text -----

P13

==> picture [9 x 9] intentionally omitted <==

Communication Computer Consumer Others

==> picture [534 x 258] intentionally omitted <==

----- Start of picture text -----

4%
100% 9% 8% 10%
16%
80% 19%
40% 50%
45%
53%
60% 19%
6%
2% 1%
40% 5%
46% 45% 44% 44%
20% 34%
0%
4Q14 1Q15 2Q15 3Q15 4Q15
----- End of picture text -----

P14

==> picture [10 x 11] intentionally omitted <==

90nm Above 65nm 40nm 28nm 16nm

==> picture [576 x 260] intentionally omitted <==

----- Start of picture text -----

2% 1% 1% 2%
100%
14%
20%
24%
80% 46%
26%
23% 30%
60%
22%
25%
21%
40%
52%
37%
20% 27% 27%
0%
2012 2013 2014 2015
----- End of picture text -----

P15

NRE

==> picture [9 x 8] intentionally omitted <==

90nm Above 65nm 40nm 28nm 16nm

==> picture [676 x 166] intentionally omitted <==

----- Start of picture text -----

8% 1% 4% 6%
1%
100%
80% 40% 53% 38%
55%
60%
35%
28%
40% 20% 18%
20% 24% 25% 12% 13%
11% 8%
0% Turnkey
2012 2013 2014 2015
90nm Above 65nm 40nm 28nm
----- End of picture text -----

==> picture [500 x 197] intentionally omitted <==

----- Start of picture text -----

4%
100% 14% 9%
21%
80% 48% 24% 31%
27%
60%
25%
24%
40% 62%
48%
35%
20% 28%
0%
2012 2013 2014 2015 P16
----- End of picture text -----

==> picture [9 x 10] intentionally omitted <==

Taiwan USA China Japan Korea Europe

==> picture [564 x 279] intentionally omitted <==

----- Start of picture text -----

8% 9%
100% 13% 11%
9% 6%
11%
80% 38% 16%
24%
14%
14%
10%
60% 11%
13%
40% 14% 33% 30%
42%
19%
20%
19% 18%
8% 10%
0%
2012 2013 2014 2015
----- End of picture text -----

P17

==> picture [9 x 9] intentionally omitted <==

Communication Computer Consumer Others

==> picture [579 x 249] intentionally omitted <==

----- Start of picture text -----

100% 7% 10% 12% 8%
20%
80%
34%
45% 47%
15%
60%
15%
3%
15%
40%
58%
39% 42%
20% 30%
0%
2012 2013 2014 2015
----- End of picture text -----

P18

Thank you !

==> picture [323 x 216] intentionally omitted <==

http://www.guc-asic.com

irinfo@guc-asic.com

P19