Raydium — Call Transcript 2024

Nov 7, 2024

3592 TT

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瑞鼎科技 . Raydium Semiconductor Corp 3Q24 Earnings Conference

2024/11/07

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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3Q24 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 3Q24 Financial Result 3 Recent Major Events and Key Messages

4 Q&A

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Company Introduction

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Revenue Mix by Product Line

Large-Sized Display Driver IC LDDI &TCON & PMIC

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Monitor
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Small & Medium
Display Driver IC
(SMDDI-AMOLED)
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Mobile/Tablet/NB
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Automotive &
GD Driver IC
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CID/ICD/HUD
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47%
54%
13%
15%
3%
37%
31%
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Products for Applications

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LCD
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AMOLED
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Consolidated Revenue (2020~3Q 2024)

Unit：NT Billion

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Q1 Q2 Q3 Q4
28
24.83
22.82
24
6.66
4.20 18.35 18.69
20
14.43 3.90
16 4.92
6.20
6.74
12 4.25
7.02
5.02
6.45
8 3.83 6.23
4.75
3.04
4 7.70
6.04
5.20
3.31 3.66
2020 2021 2022 2023 1Q~3Q 2024
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Consolidated Revenue (2020~3Q 2024)

Unit：NT Billion

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LDDI/TCON/PMIC SMDDI Automotive/GD
28
24.83
22.82
24
11%
15%
18.35 18.69
20
15%
35%
14.43 17%
16
9%
45%
12
54%
43%
32%
8
54%
40%
4 59%
40%
31%
2020 2021 2022 2023 1Q~3Q2024
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1 Company Facts 2 3Q24 Financial Result 3 Recent Major Events and Key Messages 4 Q&A

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Consolidated Income Statement (3Q24 QoQ &YoY)

Unit: NTD Million

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Consolidated Income Statement (1Q~3Q24 YoY)

Unit: NTD Million

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- Consolidated Balance Sheets 2024/9/30

Unit: NTD Million

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Consolidated Revenue (3Q23~3Q24)

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Unit: NT Billion
LDDI/TCON/PMIC SMDDI Automotive/GD
7
6.45
6.20
6.04
6
5.02 4.92
5
4
3
2
1
3Q23 4Q23 1Q24 2Q24 3Q24
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Revenue Mix by Product Line (3Q23~3Q24)

UNIT：%

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LDDI/TCON/PMIC SMDDI Automotive/GD

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100%
14% 13% 14%
17% 17%
80%
60% 42% 50%
58% 55%
50%
40%
20%
41%
36% 31% 33%
29%
0%
3Q23 4Q23 1Q24 2Q24 3Q24
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1 Company Facts
2 3Q24 Financial Result
3 Recent Major Events and Key Messages
與答
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4 Q&A
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Recent Major Events

• Raydium and Mr. Yu-Kuo Huang, the Chairman & CEO, have been honored with the prestigious dual awards at the 2024 Asia Pacific Enterprise Awards (APEA)

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卓越企業領袖獎（ Master Entrepreneur Award ）

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卓越企業管理獎（ Corporate Excellence Award ）

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Recent Key Messages - 1/2

• Review of 3Q24 Operational Highlights

• 3Q24 revenue showed mild decline quarterly, however, cumulative revenue and EPS for the first three quarters have already exceeded last year’s full-year figures

• LDDI saw modest revenue growth due to rush orders in a cautious market.

• AMOLED smartphone DDIC revenue fell as some clients had pre-stocked in 2Q24

• Wearable TDDI continued to grow, driven by demand for high-end products.

• For Auto and general display (GD) segment, projects for integrated products (TDDI) are progressing to mass production, supporting steady revenue growth.

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Recent Key Messages - 2/2

• 4Q24 Business Highlights

• Q4 is a traditional off-season with expected weaker demand

• LDDIC demand for TVs and monitors remains soft, while notebook demand is

  • stable.

 AMOLED SMDDIC demand is expected to turn soft due to clients' year-end inventory adjustments. However, some customer’s new model launch will be a swing factor.

• Integrated TDDI for automotive display continues ramping with new products, clients, and models, with demand expected to be stable or slightly down amid year-end adjustments.

• We maintain our expectation that 2H24 revenue will surpass 2H23.

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1 Company Facts
2 3Q24 Financial Result
3 Recent Major Events and Key Messages
與答
4 Q&A
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Confidential. © Raydium, all rights reserved.

We Differentiate By Technology

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