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Raydium Call Transcript 2023

Aug 10, 2023

52350_rns_2023-08-10_923c7bf1-1e38-4166-92b6-5ef102c54eb0.pdf

Call Transcript

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3592 TT

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瑞鼎科技 . Raydium Semiconductor Corp 2Q23 Earnings Conference

2023/8/10

DISCLAIMER

  • The content mentioned in this presentation is the information obtained by the based on information and current situation. If there is further

  • company company development or adjustment in the future, the company will disclose the information in accordance with the law, but will not update or amend this presentation.

  • The content of this report is not investment advice.

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Confidential. © Raydium, all rights reserved.

Agenda

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Company Facts
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2Q23 Financial Result
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3

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Recent Major Events and Key Messages
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4

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Q&A
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Company Facts
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2 2Q23 Financial Result 3 Recent Major Events and Key Messages

4 Q&A

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Confidential. © Raydium, all rights reserved.

Company Introduction

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Confidential. © Raydium, all rights reserved.

Revenue Mix by Product Line

Large-Sized Small & Medium Automotive & Display Driver IC Display Driver IC GD (LDDI) (SMDDI-AMOLED)

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Mobile/Tablet/NB
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TV
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General Display
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NB
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TCON & PMIC
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Monitor
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Mobile / Wearable
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40%
47% 18%
13%
4%
3%
37%38%
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Products for Applications

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LCD
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AMOLED
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Confidential. © Raydium, all rights reserved.

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Consolidated Revenue (2019~1H 2023)

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Unit：NT Billion
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LDDI SMDDI Automotive/GD TCON/PMIC
30
24.83
25
22.82
20
13.93 14.43
15
10
8.41
5
2019 2020 2021 2022 1H 2023
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Company Facts

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2Q23 Financial Result
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3 Recent Major Events and Key Messages

4 Q&A

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Consolidated Income Statement (2Q23 QoQ &YoY)

Unit: NTD Million

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Consolidated Income Statement (1H23 YoY)

Unit: NTD Million

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Consolidated Balance Sheets-2023/6/30

Unit: NTD Million

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Consolidated Revenue (2Q22~2Q23)

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LDDI SMDDI Automotive/GD TCON/PMIC
Unit: NT Billion
9
8
7.02
7
6
4.75
5
4.20
3.90 3.66
4
3
2
1
2Q22 3Q22 4Q22 1Q23 2Q23
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Revenue Mix by Product Line (2Q22~2Q23)

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LDDI SMDDI Automotive/GD TCON/PMIC

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UNIT：%
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100%
3% 4% 4% 5% 4%
14%
18% 16%
18% 20%
80%
60%
41% 37% 42%
40%
50% 46%
20%
33% 32% 37% 38% 38%
0%
2Q22 3Q22 4Q22 1Q23 2Q23
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Confidential. © Raydium, all rights reserved.

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1 Company Facts
2 2Q23 Financial Result
3 Recent Major Events and Key Messages
與答
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4 Q&A

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Confidential. © Raydium, all rights reserved.

Recent Major Events - 1/2

 For past 5 years, cash payout ratio maintains at around 80%

  • Important item in 3Q23 board meeting

  • Acquisition of real estate

  • 「

  • 2023/7- Awarded 2023 Taiwan Best-in-

Class 100」

Dividend and Payout Ratio

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Unit：NTD
100% 80
70
81% 80% 80% 80%
77%
75% 60
50
50% 45 40
41
30
25% 20
10
10.5
7 8
0% 0
2018 2019 2020 2021 2022
Payout ratio(%) Dividend EPS
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Recent Major Events - 2/2

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Achievement of ESG
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Diversification of board members Woman board director

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42%

Higher than 1/3 are independent board directors

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95%↑

High board participation rate

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Competitive compensation - ( Top 3 non supervisor employee’s Acquired the ESG report compensation median AA 1000 TYPE Ⅱ among TWSE companies) Moderate level

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Completed and uploaded first ESG report

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Completed and uploaded English annual financial report (2022/1Q 2023 )

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Confidential. © Raydium, all rights reserved.

Recent Key Messages - 1/2

  • Revenue target: 2H23>1H23 and 2H23>2H22 in revenue

  • Gross margin stay stable

  • Inventory level return to healthy and manageable level

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Recent Key Messages - 2/2

  • LDDI – clientele expansion

  • AMOLED

  • Smartphone ：a) higher penetration rate ; b) Spec upgrade

  • Foldable smartphone unfold new opportunities for AMOLED

  • Auto TDDI in MP and processing qualification by multiple clientele

  • DDI/T-con/PMIC ：Total solution

  • Micro LED : ready for MP in wearable applications

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1

1 Company Facts 2 2Q23 Financial Result 3 Recent Major Events and Key Messages 與答 4 Q&A

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Confidential. © Raydium, all rights reserved.

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Confidential. © Raydium, all rights reserved.

We Differentiate By Technology

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