HannsTouch — Interim / Quarterly Report 2016

Nov 28, 2016

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和鑫光電股份有限公司

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Safe Harbor Notice
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We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.

We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

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Agenda
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1 財務報告 2 2 營運回顧與展望 4 3 Q & A

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損益表
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新台幣 佰萬	Q3 2016	Q3 2016	Q3 2015	Q3 2015	YTD 2016	YTD 2016	YTD	2015
營業收入	833	100%	1,023	100%	1,815	100%	3,154	100%
營業毛利(損失)	384	46%	238	23%	-375	-21%	526	17%
營業利益(損失)	330	40%	185	18%	-519	-29%	388	12%
本期淨利 (損失)	199	24%	183	18%	-847	-47%	213	7%
EBITDA	595		575		356		1,392
EPS (NT$)	0.27		0.24		-1.15		0.29

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資產負債表
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新台幣 佰萬	Sep.30, 2016	Sep.30, 2016	Sep.30, 2015	Sep.30, 2015
現金及約當現金	659	5%	2,026	13%
應收帳款淨額	330	2%	435	3%
存貨	141	1%	223	1%
不動產、廠房及設備	9,879	68%	11,021	68%
資產總額	14,651	100%	16,207	100%
短期負債	3,498	24%	6,514	40%
長期負債	2,311	16%	699	4%
負債總額	7,693	53%	8,576	53%
股東權益總額	6,958	47%	7,631	47%
流動比率		39%	54%
負債/股東權益比率		111%	112%

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現金流量表
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新台幣 佰萬	YTD 2016	YTD 2015
稅前淨利	-845	213
攤銷與折舊	1,097	1,053
營業活動淨現金	721	1,320
投資活動淨現金	-1,973	165
籌資活動淨現金	-345	-539
現金餘額	659	2,026

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營業收入 與 毛利
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( 新台幣 佰萬 )

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Revenue GP(%)
1,200 60%
40%
21%
1,000
46% 20%
0%
800
-20%
-46%
600 -40%
1,005 -119% -60%
833
400
-80%
422
560
-100%
200
-120%
0 -140%
2015Q4 2016Q1 2016Q2 2016Q3
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營運回顧與展望
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• 手機在2016年預估成長率為個位數

三星與Apple仍是Top 2 品牌廠，但中國品牌快速掘起

 中國品牌崛起，有利SDC的AMOLED面板銷售，另一方面也給 大陸LTPS及AMOLED廠成長空間

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Global Smartphone Market Share

Global Smartphone Shipments (million)

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• 中國品牌大量使用AMOLED，進行差異化設計，取得市場份額

 2015年約購入50M台AMOLED面板，2016將成長到85M台 AMOLED，包括flexible AMOLED

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• 手機及行動裝置成長的驅動力: 朝高解析度發展，而LTPS、AMOLED 實現顯示技術的運用

Size Mix

Average Size

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Resolution Mix (PPI)
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Upside potential

• Flexible display penetration

• Narrow Bezel

• ASP drop

Smartphone Backplane Technology

OLED Unit Demand Forecast (M)

Smartphone OLED Penetration

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900 835
CAGR 23% 1
800 Automotive 712 60
23
700 Smart WatchTablet (’16~’20) 593 54 18 1
600 Smartphone 0
48
466 13
500
365 42
400 12
751
300 262 33 9 639
161 18 7 531
200
4 - 3
100
154 [ 238 323 413 ]
-
2014 2015 2016F 2017F 2018F 2019F 2020F
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Source: IHS, AKT internal estimates

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 AMOLED在智慧手機運用比率將逐年增加，將成為主流顯示運用技術

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 AMOLED在智慧手機成長速度超過預期，2016年將超過20%  Flexible AMOLED市場需求的預期不斷提升，在2016年約佔 16%，2018年將超過40%

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Thanks for Your Attention!

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