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ICHIA — Investor Presentation 2017
Jul 21, 2017
52057_rns_2017-07-21_fa99284a-eeb4-4b5a-a313-23f501fef419.pdf
Investor Presentation
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ICHIA TECHNOLOGIES, INC.
A leading component player in the world.
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Investor Conference
Jul 21,2017
Agenda
Times Content 14:00~14:30 Registration 14:30~15:30 2017 Operation 15:30~16:00 Q&A 16:00 Ending
2
Consolidated Statements of Income 2Q/2017
Unit: In NT$ thousands
| In NT$ thousands | Q2/2017 | Q1/2017 | ||
| 金額 | % | 金額 | % | |
| Net Sales | 1,748,313 | 100 | 1,474,123 | 100 |
| Cost of Sales | 1,736,369 | 99 | 1,413,436 | 96 |
| Gross Profit | 11,944 | 1 | 60,687 | 4 |
| Operating Exp. | 107,468 | 6 | 104,065 | 7 |
| Gain From Operations |
(95,524) | -5 | (43,378) | -3 |
| Non-Operating Income & Exp. |
14,539 | 1 | (62,563) | -4 |
| Earnings Before Income Tax |
(80,985) | -4 | (105,941) | -7 |
P.S. Figures shown above are consolidated and unaudited.
Revenue Breakdown by BU
Consolidated Statements of Income 2017 H1
| In NT$ thousands | 2017H1 | 2016H1 | ||
|---|---|---|---|---|
| 金額 | % | 金額 | % | |
| Net Sales | 3,222,436 | 100 | 2,813,883 | 100 |
| Cost of Sales | 3,149,805 | 98 | 2,723,630 | 97 |
| Gross Profit | 72,631 | 2 | 90,253 | 3 |
| Operating Exp. | 211,533 | 7 | 224,680 | 8 |
| Gain From Operations |
(138,902) | -5 | (134,427) | -5 |
| Non-Operating Income & Exp. |
(48,024) | -1 | 10,361 | 1 |
| Earnings Before Income Tax |
(186,926) | -6 | (124,066) | -4 |
Unit: In NT$ thousands
P.S. Figures shown above are consolidated and unaudited.
Operation Ability
MVI BU Business highlight & outlook
MVI Products Application Change
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3C Waterproof
Mobile
Phone
Automotive
Wearable
Mobile
IP Phone
Phone
IP Phone
Automotive
Yr 2017
Yr 2014
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-
Mobile Phone/IP Phone Parts will keep Dropping.
-
LIM/Co-Mold(Waterproof) application Parts are Good Potential Market.
-
Wearable Parts/Automotive Parts has bright Future.
Core Competencies of ICHIA
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Prodduct 按鍵 穿戴 汽車按鍵 IML
New C New I
Application 模組 VR 塑膠機構 膜內射出
機構整合元件
Business FPC/PCBA Parts
事業處
Unit
LSR 細線路 SMT
按鍵 錶帶 汽車內飾
Product Co-Mold FPC板 上件板
橡 / 塑 機構 模具 製程 機構 印刷 細線路 IC/SMT
Ability
成型 設計 開發 整合 電測 噴漆 蝕刻 上件
9
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The Business Trend
IOT/物聯網
電動車
IML/ New C
AR/VR/MR/VR
智慧手錶/手環
LIM / LIM
智慧型手機
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Automotive Trend
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未來 3~5 年
輕量化 中國 智能化
汽車發展
節能減排,改善能源結構 實現虛擬到實體轉換,
並將車輛減重15%以上 實現無人化
固定傳輸到移動傳輸
信息化
與互聯網結合
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Approaching Strategy
IML
Infortainment Sub-assembly
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Key Fob
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11
Automotive Parts Road Map
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創
新
技
術 CAPACITIVE
IML PC+GF -- 用料轻量
TOUCH Switch
,
化 造型简约化
公
司
技
術
公司現有產品的改良或修正 產品型態的擴充
2-shoot,painting+laser (核心能力再利用)Sub-assy,FIM
現有客户 新客户
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Yr 2017 to Near Future
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Waterproof
Mobile
Mobile
Phone
Phone
IP Phone
Wearable Waterproof
IP Phone
Automotive
Automotive
Wearable
Yr 2017 Near Future
---->產品組合平均,風險分散
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FPC BU Business highlight & outlook
| 2017 FPC Product Applicatin outlook 15 application 2017 H1 2017 H2 Auto 35% qualified and MP for Sxx, Steady gowth demanding from China display maker(Txx). Comsumer 55% Enlarged on HD LCM businesss appliaction( pitch 80um with BVH) High volume production with profitable Yield rate. (HW, XM) new business D/S COF 2% steady increase on TP appliaction(25/25um) provide Trial run total solution( COF+bonding). co-develop with Drive IC makder OFC +5G 3% PP for Finisar HW & Hisense qualification volume production for Finisar sample build for HW |
2017 FPC Product Applicatin outlook 15 application 2017 H1 2017 H2 Auto 35% qualified and MP for Sxx, Steady gowth demanding from China display maker(Txx). Comsumer 55% Enlarged on HD LCM businesss appliaction( pitch 80um with BVH) High volume production with profitable Yield rate. (HW, XM) new business D/S COF 2% steady increase on TP appliaction(25/25um) provide Trial run total solution( COF+bonding). co-develop with Drive IC makder OFC +5G 3% PP for Finisar HW & Hisense qualification volume production for Finisar sample build for HW |
2017 FPC Product Applicatin outlook 15 application 2017 H1 2017 H2 Auto 35% qualified and MP for Sxx, Steady gowth demanding from China display maker(Txx). Comsumer 55% Enlarged on HD LCM businesss appliaction( pitch 80um with BVH) High volume production with profitable Yield rate. (HW, XM) new business D/S COF 2% steady increase on TP appliaction(25/25um) provide Trial run total solution( COF+bonding). co-develop with Drive IC makder OFC +5G 3% PP for Finisar HW & Hisense qualification volume production for Finisar sample build for HW |
|
|---|---|---|---|
| application | 2017 H1 | 2017 H2 | |
| Auto 35% |
qualified and MP for Sxx, | Steady gowth demanding from China display maker(Txx). |
|
| Comsumer 55% |
Enlarged on HD LCM businesss appliaction( pitch 80um with BVH) |
High volume production with profitable Yield rate. (HW, XM) new business |
|
| OFC +5G 3% |
PP for Finisar HW & Hisense qualification |
volume production for Finisar sample build for HW |
|
| D/S COF 2% |
steady increase on TP appliaction(25/25um) |
provide Trial run total solution( COF+bonding). co-develop with Drive IC makder |
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Auto business Roadmap-Dispaly
GM
•
Car Before market
•
Luxary Car
50%
•
Top 5 LCM makter
Battery Control
Dashboard
Central control
20%
AV/Rear Mirror
2016 2017 2018 2019
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OFC business
| # of Items for OFC | 4Q15 |
2016 9mth | 4Q16 | 2017(E) | 2018(e) |
|---|---|---|---|---|---|
| Sample Award |
75 | 37 | 10 | 50+ | 5+(new cusotmer) |
| Sample Approved |
- | 31 | 36 | 60+ | 5+(new cusotmer) |
| Mass Production | - | 1 | 20 | 1H:4+ 2H:15+ |
2+(new cusotmer) |
• OFC:
-
solid demanding(double to H1) from umid-end product(tesa/rosa) appliaction
-
qualified by HW, Hisence( china major players).
17
Comsumer business outlook
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Ixx, Txx,
M-led/ Amoled
Gxx, Txx, 2-metal COF
(pitch 20um)
TP/PMoled
D/S COF
NT Jxx, Axx, Ixx
pitch:50um
Axx, Hxx
HD Display
pitch:80um Axx, Gxx
Device(S phone)
+
BTB connect
BVH
Axx, Oxx Device(IOT) SMT+FA
BTB connect
CT SMT+FA
Device(phone)
BTB connect
SMT+FA
CC NC
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Market Trends
AMOLED TV
■ Dimension
-
Fine Pitch
-
Lead Width ,Total Pitch Control
■ Function
-
High Density
-
Thin thickness
AMOLED Phone
- Flexible
Flexible Panel
19
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D/S COF Supplier
Mterial Process Product Maker
PI Metalization ichia
LxxxxLGIT
MSAP
D/S
JxxxxJMC
COF
SPUTTERING
STEMCOSxxxx
ETCHING FLEXCEEDFxxxx
20
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DS COF Capability
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Input Outer Leader L/S 120um/180um, 153 channels
Input Inner Leader L/S 16um/42um, 493 channels
Top
Output Inner Leader L/S 8um/12um, 2368 channels
Output Outer
L/S 10um/14um, 2368 channels
Leader
PTH Hole/Pad 25um/75um
Bottom
Base Film UBE SGA Type 25um
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21
ichia's Strength
Homemade material
Pre-drill
Low material cost
High peeling strength
COF+Bonding one stop shop
Oppty. from IC design house
Easier change to sputtering
- Use thicker PI
22
Fine Pitch Pattern Roadmap
| Item | 2014 | 2015 | 2016 | 2017~ | |
|---|---|---|---|---|---|
| Min. pitch Min. Lead width |
M/P | 50um pitch (25/25um) 40um p (20/20 |
itch um) |
40um pitch (18um width) 20um pitch (8um width) |
|
| R & D | |||||
| Lead width tolerance | +/- 5 um | +/- 5 um | +/- 5 um | +/- 3 um | |
| Total pitch tolerance | +/-5 um | +/-5 um | +/-5 um | +/-2 um | |
| Cu Thickness | 12um | 8um |
Semi-additive :
Min line & space :8um / 12um
Min lead width :8 um (Cu thickness:8um)
23
FPC Product Application
2017H1
FY 2017(F)
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Auto, 40%
Consumer,
51%~55%
1%~3%
4%~5%
24
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Summary
Recovery of the profitability:
- Re-entry into consumer market by get into Highend China Brand Mobile Phone for Revenue increased.
- Improve the Yield rate after MP in May, June and July.
- Manage the Efficiency , Cost reduction on material, Mission of operation team
- Balance the finance gap in 1st H of 2017 and Ready for Positive turn for 2018 onward.
Q & A
歡迎聯繫
Larry Sun 孫永祥 Spokesman Tel : +886-3-3973345 ext. 11802 E-mail : [email protected]
Patrick Tsai 蔡沛成 Investor Relations Tel : +886-3-3973345 ext. 11808 Mobil: +886-987-816-292 E-mail : [email protected]
- Company Website http://www.ichia.com.tw/ Financial details - http://mops.twse.com.tw/mops/web/index