HannsTouch - Investor Presentation 2019

和鑫光電
2019年法說會
01.10.2019

貴公司於法人說明會中發言應注意事項
敬啟者：
於法人說明會中，應注意預測性營業收入或獲利資訊之發言，且會中所揭露資訊（含簡報檔及口頭說明），不得有誇耀性或類似廣告宣傳之文字，不應任意發布尚未確定之消息或公開與事實不符之資料等，敬請落實轉達貴公司高層發言人員，以免違反本公司「對有價證券上市公司重大訊息之查證暨公開處理程序」第15條第1項第2款及第3款規定，或「對上市公司應公開完整式財務預測之認定標準」規定，致有編製財務預測之虞。

Safe Harbor Notice
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.

PART 01 財務報告

PART 02 營運回顧與展望

Agenda

PART 03 Q & A

綜合損益表
| 新台幣(佰萬) | 2019Q2 | | 2018Q2 | | 2019H1 | | 2018H1 | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 營業收入 | 1,215 | | 801 | | 2,074 | | 1,492 | |
| 營業毛利 | 454 | | 222 | | 749 | | 288 | |
| 營業利益 | 375 | | 152 | | 622 | | 149 | |
| 本期淨利 | 280 | | 153 | | 512 | | 56 | |
| EBITDA | 647 | | 439 | | 1163 | | 718 | |
| EPS (NT$) | 0.39 | | 0.21 | | 0.71 | | 0.08 | |

資產負債表
| 新台幣(佰萬) | 2019.06.30 | | 2018.12.31 | | 2018.06.30 | |
| --- | --- | --- | --- | --- | --- | --- |
| 現金及約當現金 | 606 | | 319 | | 765 | |
| 應收帳款淨額 | 424 | | 232 | | 390 | |
| 存貨 | 153 | | 123 | | 181 | |
| 流動資產 | 1,765 | | 1,317 | | 1,853 | |
| 不動產、廠房及設備 | 8,675 | | 8,831 | | 9,413 | |
| 投資性不動產淨額 | 5,687 | | 5,612 | | 5,482 | |
| 資產總額 | 17,896 | | 16,450 | | 17,441 | |
| 短期借款 | 1,413 | | 1,403 | | 1,070 | |
| 流動負債 | 2,027 | | 1,874 | | 2,119 | |
| 長期借款 | 6,625 | | 6,865 | | 7,734 | |
| 負債總額 | 9,681 | | 8,747 | | 9,860 | |
| 股東權益總額 | 8,215 | | 7,703 | | 7,581 | |
| 流動比率 | 87% | | 70% | | 87% | |
| 負債/股東權益比率 | 118% | | 114% | | 130% | |

現金流量表
| 新台幣(佰萬) | 2019H1 | 2018H1 |
| --- | --- | --- |
| 期初現金餘額稅前淨利(損) | 319 578 | 517 56 |
| 攤銷與折舊 | 497 | 580 |
| 營業活動現金流量 | 910 | 785 |
| 投資活動現金流量 | (174) | (528) |
| 籌資活動現金流量 | (450) | (8) |
| 期末現金餘額 | 606 | 765 |

PART 01 財務報告

PART 02 營運回顧與展望

Agenda

PART 03 Q & A

Smart Phone Marketing
Worldwide Mobile phone Annual Shipment and Forecast
| Smartphone | Shipments (000s) | | | | | | | | CAGR |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | '16 - '23 |
| Smartphone | 1,432,960 | 1,447,268 | 1,391,521 | 1,342,342 | 1,344,093 | 1,360,683 | 1,377,439 | 1,393,295 | 0% |
| Basic and Feature phone | 578,894 | 491,223 | 402,185 | 383,155 | 376,540 | 371,442 | 350,102 | 329,881 | -7% |
| Smartphone Y/Y Growth | 25% | 1% | -4% | -4% | 0% | 1% | 1% | 1% | |
| Basic and Feature phone Y/Y Growth | -4% | -15% | -18.1% | -5% | -2% | -1% | -6% | -6% | |
| Total | 2,011,854 | 1,938,491 | 1,793,706 | 1,725,497 | 1,720,633 | 1,732,125 | 1,727,541 | 1,723,176 | -1.9% |

Source: All New Integration

Notes:

因為華為與中美貿易戰因素，預估2019年智慧手機成長率為衰退趨勢。
智慧手機預計2020年停止衰退趨勢，之後以每年1%速度成長。
未來幾年將維持一年約13.5億支的市場規模。

Smart Phone Marketing
Worldwide Mobile phone Quarterly Shipment
| | | | | | | | | | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| (000s) | 2Q16 | 3Q16 | 4Q16 | 1Q17 | 2Q17 | 3Q17 | 4Q17 | 1Q18 | 2Q18 | 3Q18 | 4Q18 | 1Q19 | 2Q19 | 3Q19 | 4Q19 | 1Q20 |
| Smartphone | 338,664 | 371,880 | 403,570 | 309,946 | 341,616 | 376,635 | 419,071 | 308,577 | 340,996 | 361,009 | 380,939 | 301,360 | 330,205 | 336,632 | 374,145 | 295,900 |
| Smartphone Q/Q Growth | 6% | 10% | 9% | -23% | 10% | 10% | 11% | -26% | 11% | 6% | 6% | -21% | 10% | 2% | 11% | -21% |
| Smartphone Y/Y Growth | 5% | 8% | 6% | -3% | 1% | 1% | 4% | 0% | 0% | -4% | -9% | -2% | -3% | -7% | -2% | -2% |

Source: All New Integration

Notes:

2019年第二季智慧手機出貨量稍有回升，但是較去年同期衰退。
2019年第三季，因為中美貿易戰影響，預估持平於第二季出貨量。

Smart Phone Marketing

Worldwide Smart phone Shipment and Forecast by Brand
Source: All New Integration

Notes:

Samsung 在2018年總出貨跌破3億支，2019年出貨預估持續下修為2.8億支，GAGR為-2.2%。但仍穩居出貨排名第一的龍頭地位。
華為因為中美貿易戰因素，小幅下修出貨目標為1.9億支(原超過2億支)，但仍維持2019年出貨排名第二。
Apple 小幅下修出貨目標為1.7億支(原超過1.8億支)，維持2019年出貨前三。
大陸品牌Xiaomi/OPPO/ VIVO都維持正成長，但是中國市場被華為侵蝕，其多靠海外訂單支撐。

Trend by Smart Phone Display
Worldwide Smartphone Shipments and Forecast by Display Technology
| Technology | Shipments (000s) | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| AMOLED | 248,189 | 340,976 | 335,635 | 375,856 | 388,443 | 431,337 | 479,349 | 525,272 |
| a-Si | 805,753 | 636,798 | 519,037 | 503,378 | 488,847 | 459,911 | 410,477 | 372,010 |
| LTPS | 372,283 | 467,178 | 536,431 | 462,705 | 466,400 | 469,028 | 487,200 | 495,734 |
| Oxide | 6,735 | 2,316 | 417 | 403 | 403 | 408 | 413 | 279 |
| Total | 1,432,960 | 1,447,268 | 1,391,521 | 1,342,342 | 1,344,093 | 1,360,683 | 1,377,439 | 1,393,295 |

Source: All New Integration