Raydium — Call Transcript 2025

Feb 27, 2025

3592 TT

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瑞鼎科技 . Raydium Semiconductor Corp 4Q24 Earnings Conference

2025/02/27

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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4Q24 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 4Q24 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%
53%
13%
15%
3%
37%
32%
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Products for Applications

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LCD
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AMOLED
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Consolidated Revenue (2020~2024)

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Q1 Q2 Q3 Q4
28
24.83
24.38
22.82
6.66 5.69
21
4.20
18.35
3.90
14.43 4.92 6.20
6.74
14
4.25
7.02
5.02
6.45
3.83 6.23
7
4.75
3.04
7.70
6.04
5.20
3.31 3.66
0
2020 2021 2022 2023 2024
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Unit：NT Billion
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Consolidated Revenue (2020~2024)

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Unit：NT Billion
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LDDI/TCON/PMIC SMDDI Automotive/GD
28
24.83
24.38
22.82
11%
15%
21 15%
18.35
35%
14.43 17%
53%
14 9%
45%
43%
32%
7
54%
40%
59%
40%
32%
0
2020 2021 2022 2023 2024
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1 Company Facts 2 4Q24 Financial Result 3 Recent Major Events and Key Messages 4 Q&A

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Consolidated Income Statement (4Q24 QoQ &YoY)

Unit: NTD Million

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Consolidated Income Statement (2024 YoY)

Unit: NTD Million

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Consolidated Balance Sheets-2024/12/31

Unit: NTD Million

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Consolidated Revenue (4Q23~4Q24)

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Unit: NT Billion LDDI/TCON/PMIC SMDDI Automotive/GD
8
6.45
6.20
6.04
5.69
6
4.92
4
2
0
4Q23 1Q24 2Q24 3Q24 4Q24
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Revenue Mix by Product Line (4Q23~4Q24)

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LDDI/TCON/PMIC SMDDI Automotive/GD

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UNIT：%
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100%
14% 13% 14%
17% 18%
75%
50% 55% 50%
58%
49%
50%
25%
36% 33% 33%
29% 31%
0%
4Q23 1Q24 2Q24 3Q24 4Q24
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1 Company Facts
2 4Q24 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 - 1/2

 The cash dividend payout ratio has remained at approximately 80% over the past five years.

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單位：元
Dividend and Payout Ratio
100% 70
80% 80% * 80% 80% 80% 60
75%
50
45.0 40
41.0
50%
30
20
25% 22.2
15.2 10
10.5
0% -
2020 2021 2022 2023 2024
Payout ratio(%) Dividend EPS
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• The dividend payout ratio is calculated based on the share capital prior to the capital increase

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Recent Major Events - 2/2

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Recognized as an outstanding enterprise in the 2024 'Proactive Evaluation of Occupational Health and Safety Performance Disclosure in Sustainability Reports' by the Occupational Safety and Health Administration of the Ministry of Labor. 2024 17th TCSA Taiwan Corporate Sustainability Awards - Sustainability Report: Gold Award (Category 1) in the Electronic Information Manufacturing Industry - Comprehensive Performance: Outstanding Sustainability Performance Award for Taiwanese Enterprises"

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Awarded the 'Health Promotion Certification' by the Health Promotion Administration, Ministry of Health and Welfare

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Recent Key Messages - 1/2

• Review of 2024 / 4Q24 Operational Highlights

• FY2024 revenue recorded the level in a second-highest history, reaching post-

  • pandemic peak

• 4Q24 overall revenue declined quarter-over-quarter, primarily due to:

  • Seasonal impact of the off-peak period

  • Customer inventory adjustments

  • Lower ASP

• Automotive and general display (GD) driver ICs benefited from the continued mass production ramp-up of new Touch and Display Driver ICs (TDDI) projects, maintaining relatively stable growth momentum

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Recent Key Messages - 2/2

• 1Q25 Business Highlights

• Despite the industry’s off-season and fewer working days, demand is expected to grow, driven by China’s consumer product demand supported by subsidy

• The uncertainty of the new U.S. tariff policy may lead end customers to stock up, boosting IT market demand

• The shipment momentum across the three main product lines shows varied:

  • LDDI : StrongTV/Monitor demand, stable for notebooks.

  • AMOLED DDIC : Stable smartphone shipments, increased demand for wearables

  • Auto & GD DDIC: Slight decline in demand due to the off-season, but long-term stability is expected with contributions from new products, customers, and models

• Pricing pressure remains from panel makers requesting price cuts

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1 Company Facts
2 4Q24 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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