SDI — Annual Report 2017

Jun 12, 2017

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SDI Corporation
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( 2351 SDI )
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June 2017

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Contents
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•

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Company introduction Contents Products introduction

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Products analysis

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Financial performance

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Company milestone

• 1953 SDI founded and started from Stationery business

• 1983 step into Semiconductor Leadframe business

• 2002 approved by IDM customer and expend the international business

• 2011 integrated the dual gage copper material production

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Shuen Der The company The Electronic The company Manufactory reorganized into Component name was changed was founded by Shuen Der Industry Division was to SDI Corporation Mr. S.C. Chen Co., Ltd. established

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1953 1967 1983 1990
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Achieved Public listing China plant Achieved Implemented
ISO9001/ in Taipei, began QS9000 Oracle ERP
CNS12681 Taiwan operation system
1994 1996 1998 1999 2000
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SDI was elected New China plant Group achieved Nantou expansion revenue “Asia Top 100 Technology ISO/TS16949 Company achieve Plant Established ISO14001 10 billion DG material production expansion SDI Charity certification foundation NT$ scale alliance with Mitsubishi Shindoh 2004 2005 2007 2010 2011 INGENUITY certificated Win “The I-PULO 60th Pass Taiwan win “IF” ISO500001、 win “IF” 2014 Happy anniversary AEO design and CSR system Enterprise design certification “good award “ award design” award 2012 2013 2014 2015 2016

achieved ISO/TS16949 ISO14001 certification

2013

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Virginia, USA Sales office

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Osaka, Japan Menton, France Sales office Sales office Tokyo , Japan Sales office

Jiangsu, China Plant

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Nantou, Taiwan SDI Plant , TBT , CSM

Changhua, Taiwan Headquarter

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• ISO-9000 Certified 1994

• QS-9000 Certified 1999, SDC Certified 2000

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• ISO9000:2000 Edition Certified 2003

• ISO14000 Certified 2003

• ISO/TS16949 Certified 2004

• OHSAS 18000 Certified 2007

• QC080000: Certified 2009

• ISO500001 Certified 2016

• CSR 2016

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Product portfolio

Electronic products

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Product segment Electronic products
Others
VCM
6%
4%
產品介紹
LED
5%
Stationery
19%
IC
17% Power &
Discrete
Electronic
68%
81%
1Q 2017
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Leadframe product
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Premolding

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IPM SOIC SO8 QFN QFP PDIP
IC leadframe
Chip Card TO252 TO247
TO92 TO263 TO220
Power SOT23 SOT223 SOT323 SMX GBU Photo Coupler
and
Discrete
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Opto Industrial
Sensor
Audio
Dashboard
Consumer
Automotive
Light
Medical
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Electronic product portfolio
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Product	Y13	Y14	Y15	Y16	1Q17
Power & Discrete	電子產品組合調整 74.0% 73.1% 72.2% 65.7%				67.8%
IC	9.0%	7.1%	10.2%	16.2%	16.6%
LED	11.0%	8.2%	5.8%	4.9%	4.9%
VCM	4.0%	4.5%	4.7%	5.9%	4.5%
Others	2.0%	7.1%	7.1%	7.3%	6.2%

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End market application roadmap

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2020F
1Q2017
10.0% 7.0%
25.0%
15.0%
45.0%
35.7%
33.0%
29.3%
Auto
Industrial
comsumer
others
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Automotive quality requirement

	Requirement	Automotive	Industrial	Consumer
	Temperature	-40°C – 155°C	-10°C – 70°C	0°C – 40°C
	Operation life	15 years	5 – 10 years	1 – 3 years
	Humidity	0％– 100％	environment	low
	Defect Rate	車用品 Target :0	質要求 <<1％	＜3％
	Supply period	30 years	5 years	2 years

Source : 工研院電子報第10003期

Auto electronic standard AEC-Q100 grade

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High precision and reliable plating technique with

NiPdAu & Ag finish

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Heat Sink- Rivet technology and DG for high heat dispatch requirement

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Surface treatment on Cu/Ag /NiPdAu finish

for MSL-1 requirement

Clip – Complicated bending technique for high power and high current requirement

Integration of Power and IC device : High precision stamping capability for complicated and high density IC lead frame with riveted heatsink

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PPA/PCT

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PPA/PCT
High Brightness on
Silver layer
Reflector
Lead Frame
SMC: Silicone Molding
Good Reliability on
Compound
NiPdAu layer
MP Mass Production ES Engineering Sample
3.0x1.4 3.0x3.0 3.5x2.8 3.75x3.75 2.7x2.0 2.4x1.4
Interior Exterior
Lights Lights
Improving safety
& self-driving
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0.04mm
0.08mm
VCM SPRING
HAIR
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Emerging with Excellent Voice Coil Motor Spring

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Win trust from main customers

• 2015 win STMicroelectronics

• 「 Leadframe best supplier 」

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 2016 win Infineon Technologies AG 「 The best supplier of Back end Material 」

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30 Sheets Light Force Stapler

Innovative slide-arm patent Saving effort up to 50%

Increase 10% precision in parts than traditional one.

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Flat clinch patent can save 30％ paper space.

Traditional Parts

New Design Type

Traditional Type

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Twist pencil sharpener

Advance auto open / close lid patent Pencil shaving will not fall out.

Innovative ratchet mechanism patent Twist sharpening & 2X speed.

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Automated assembly Tolerance is only 0.01mm.

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Manual assembly

New Design Type

Traditional Type

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Precision Cutter

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Strong auto-lock withstands up to 3kg.

Precision injection technology makes thinned profile body & low deformation.

Blade expose

Unique blade limited slot patent stabilizes blade during cutting

New Design Type

Traditional Type

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2 Way Correction Tape

Unique swivel eraser patent Easy to use and refill

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The most complex mechanism in the industry.

Push button auto-lock patent Convenient to use

Simple gear set

New Design Type

Traditional Type

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ODM customer Tombow won 2013 new product award

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Correction Tape / Refillable

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Stationery customer
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Revenue & margin trend by Quarter

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21.9%
21.0%
21.1% 50
20.7%
19.4%
20% 45
18.2% [18.9%18.6%]
17.8% [17.9%]
17.5%
17.0%
40
15.2% 15.3%
14.9% [15.3%]
35
15% 財務資訊
13.5%
12.9%
12.6% 12.6%
30
11.1%
10.4% [11.0%] 10.4%
25
9.7% 9.8%
9.4%
10%
8.8% 8.7%
20
7.6%
6.7% [7.1%] 7.0%
15
4.9%
5%
10
5
0% -
1Q13 3Q13 1Q14 3Q14 1Q15 3Q15 1Q16 3Q16 1Q17
Gross Operating NT$ 100 M
營收Revenue(億元) Margin毛利率 營業淨利率Margin
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Revenue & margin trend by year

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20.8%
140
20%
17.8%
17.0%
120
15.1%
15%
100
13.0%
11.9%
80
9.6%
10%
8.6% 8.6%
60
7.3%
5.9%
40
5%
2.5%
20
0% -
2011 2012 2013 2014 2015 2016
NT$ 100 M
Gross Operating
營收Revenue(億元) 毛利率 營業淨利率
Margin Margin
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Item	2011	2012	2013	2014	2015	2016	1Q17
Gross margin	8.6%	~~年別經營績效~~ 13.0% 15.1% 17.8%			17.0%	20.8%	21.0%
Operating margin	2.5%	5.9%	7.3%	9.6%	8.6%	11.9%	12.9%
Op Exp %	6.1%	7.1%	7.8%	8.3%	8.4%	8.9%	8.1%
EPS	0.83	1.56	2.69	3.95	3.16	4.00	0.85
ROE	5.1%	8.5%	13.2%	16.7%	12.5%	15.4%

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SDI Corporation http://www.sdi.com.tw

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