Raydium — Call Transcript 2024

Aug 8, 2024

3592 TT

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瑞鼎科技 . Raydium Semiconductor Corp 2Q24 Earnings Conference

2024/08/08

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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2Q24 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 2Q24 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

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Large-Sized
Display Driver IC
LDDI &TCON & PMIC
TV
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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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Mobile / Wearable
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47%
56%
13%
14%
3%
37%
30%
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Products for Applications

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LCD
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AMOLED
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Consolidated Revenue (2020~1H 2024)

Unit：NT Billion

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Q1 Q2 Q3 Q4
28
24.83
24
22.82
6.66
4.20
20
18.35
3.90
16 4.92
14.43
6.74
12.49
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 1H 2024
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Consolidated Revenue (2020~1H 2024)

Unit：NT Billion

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LDDI/TCON/PMIC SMDDI Automotive/GD
28
24.83
24
11% 22.82
15%
20
18.35
35%
17%
16
14.43
9%
12.49
45%
12
14%
43%
32%
8
56%
54%
40%
4 59%
40%
30%
2020 2021 2022 2023 1H 2024
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1 Company Facts 2 2Q24 Financial Result 3 Recent Major Events and Key Messages 4 Q&A

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Consolidated Income Statement (2Q24 QoQ &YoY)

Unit: NTD Million

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Consolidated Income Statement (1H24 YoY)

Unit: NTD Million

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Consolidated Balance Sheets-2024/6/30

Unit: NTD Million

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Consolidated Revenue (2Q23~2Q24)

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LDDI/TCON/PMIC SMDDI Automotive/GD
Unit: NT Billion
7
6.45
6.04
6
5.02
4.75 4.92
5
4
3
2
1
2Q23 3Q23 4Q23 1Q24 2Q24
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Revenue Mix by Product Line (2Q23~2Q24)

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UNIT：%
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LDDI/TCON/PMIC SMDDI Automotive/GD

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100%
14% 13% 14%
16% 17%
80%
60% 42% 42% 50%
58%
55%
40%
20% 42% 41%
36% 29% 31%
0%
2Q23 3Q23 4Q23 1Q24 2Q24
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1 Company Facts
2 2Q24 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

• 2024/8/6 Announcement : Raydium’s Board of Directors’ resolution

• to invest in ARK Semiconductor Inc.

• Expected Number : Not Exceeding 2,478,000 shares

• Unit Price： USD 4.035 per share

• ：

• Expected Amount Not Exceeding USD10 million

• ：

• Cumulative Shareholding Percentage Not Exceeding 20%

• Current Ratio of Securities Investment to the Total Assets：1.73%

• Current Ratio of Securities Investment to the Equity Attributable to Owners of the Parent：3.096%

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Recent Key Messages - 1/2

• Review of 2Q24 Operational Highlights

• 2Q24 revenue showed mid-single-digit growth, reaching the highest level in eight

  • quarters

• Some AMOLED smartphone customers stocked up early in the second quarter, resulting in better-than-expected revenue.

• The demand for high-end wearable TDDI products remained strong.

• LDDI revenue grew as expected after customers completed production capacity

  • adjustments and restocked inventory levels.

• Automotive and general display (GD) driver ICs benefited from the continued mass production of integrated touch and display driver ICs (TDDI), achieving steady and strong growth momentum.

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Recent Key Messages - 2/2

• 3Q24 Business Highlights

• AMOLED DDIC continues to be introduced in New smartphone models, but some customers stocked in advance in the second which will slow up quarter,

• down the demand.

• The demand for high-end wearable AMOLED TDDI products remains strong, maintaining robust shipment momentum..

• LDDI customers are to their utilization rates expected adjust dynamically, with

• momentum remaining stable this quarter.

• Automotive and General Display (GD) DDIC will maintain moderate growth, supported by ongoing contributions from new projects..

• Revenue in the 2H24 is expected to grow compared to 2H23

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1 Company Facts
2 1Q24 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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