Raydium — Call Transcript 2025

May 8, 2025

3592 TT

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瑞鼎科技 . Raydium Semiconductor Corp 1Q25 Earnings Conference

2025/05/08

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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1Q25 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 1Q25 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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50%47%
13%
16%
3%
37%
34%
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Products for Applications

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LCD
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AMOLED
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Consolidated Revenue (2021~1Q 2025)

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Q1 Q2 Q3 Q4
Unit：NT Billion
28
24.83
24.38
22.82
6.66 5.69
21
4.20
18.35
3.90
4.92
6.20
6.74
14
7.02
5.02
6.45
6.23
5.83
7
4.75
7.70
6.04 5.83
5.20
3.66
0
2021 2022 2023 2024 1Q 2025
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Consolidated Revenue (2021~1Q 2025)

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LDDI/TCON/PMIC SMDDI Automotive/GD

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Unit：NT Billion
28
24.83
24.38
22.82
11%
15%
21 15%
18.35
35%
17%
14 45% 53%
43%
5.83
7
54%
16%
40%
40% 32%
50%
34%
0
2021 2022 7.41 2024 1Q 2025
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1 2

Company Facts

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1Q25 Financial Result
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3 Recent Major Events and Key Messages

4 Q&A

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Consolidated Income Statement (1Q25 QoQ &YoY)

Unit: NTD Million

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Consolidated Balance Sheets-2025/3/31

Unit: NTD Million

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Consolidated Revenue (1Q24~1Q25)

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LDDI/TCON/PMIC SMDDI Automotive/GD
Unit: NT Billion
8
6.45
6.2
6.04
5.83
5.69
6
4
2
0
1Q24 2Q24 3Q24 4Q24 1Q25
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Revenue Mix by Product Line (1Q24~1Q25)

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LDDI/TCON/PMIC SMDDI Automotive/GD

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UNIT：%
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100%
13% 14% 17% 18% 16%
75%
58% 55% 50% 49% 50%
50%
25%
33% 34%
29% 31% 33%
0%
1Q24 2Q24 3Q24 4Q24 1Q25
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1 Company Facts
2 1Q25 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

 Company was ranked in the second tier (top 6%–20%) of listed companies in the Corporate Governance Evaluation for two consecutive years, 2023 and 2024.

Corporate Governance 3.0

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Recent Key Messages - 1/2

• Review of 1Q25 Operational Highlights

• Revenue showed modest QoQ growth despite the off-season, mainly benefiting

  • from:

  • Subsidies provided by the Chinese government for consumer products

  • Pull-in orders by end customers due to uncertainties under U.S. tariff policies

• By product lines:

  • LDDI: Revenue posted slight growth, supported by healthy pull-in for TV and monitor applications; NB displays remained relatively stable

  • AMOLED: Shipments for smartphone AMOLED DDIC remained robust; for wearable devices continued to grow, driven by the expansion of high-end features

  • Auto & GD: Revenue declined slightly due to seasonality

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Recent Key Messages - 2/2

 2Q25 Business Highlights

• Key factors impacting Q2 include:

• customer in to U.S. tariff uncertainties some

• Varying strategies response pulled in orders, while others remained cautious

• Increased FX volatility may affect performance

• • Reduced impact from China’s subsidy policies

• Market demand implications from these factors remain to be seen

• Product line trends:

• LDDI : Modest IT demand growth;TV demand softened due to short-term adjustments

• • AMOLED DDIC : Steady smartphone shipments; continued growth in wearables driven by high-end applications

• Auto & GD DDIC: Stable demand

• Overall, Q2 demand is expected to grow modestly, with FX effects remaining a variable

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1 Company Facts
2 1Q25 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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