SDI — Interim / Quarterly Report 2021

Aug 23, 2021

SDI Corporation ( 2351:TT SDI )

1

SDI at a Glance

Business Segments

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Stationery Stationery
17% 15%
Electronic Electronic
83% 85%
2020 2Q21
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Financial Performance
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Employees

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Total 2,552 employees worldwide
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R&D center : 137 engineers
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Market Position
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Power L/F Stationery
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Leadframe
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No.1
No.4 No.1
Taiwan
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資料來源 : SEMI Industry Research and Statistic , April 2020

2

Company History

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SDI was elected
Shuen Der
Manufactory “ Asia Top 100
was founded by The Electronic Technology Company ” 5th Taiwan
Mr. S.C. Chen
Component Nantou Plant Mittelstand
Division was established expansion DG material production alliance with Mitsubishi CertificatedISO500001、 Award
Shindoh CSR system
60th anniversary
1967 1996 1998 2007 2012 2015 2018
1953 1983 2005 2010 2013 2016 2019
Public
listing in
Taipei,
Taiwan China plant
#2351 SDI expansion
The company
name was Established SDI
changed to Charity INGENUITY
foundation
SDI Corporation China plant win “IF” design & 25th National Quality
began I-PULO win “IF” “good design” Award Business
operation design award award Excellence Award
LEED Gold Certification
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3

Global Locations

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Menton, France
Osaka, Japan
Sales office
Sales office
Tokyo , Japan
Sales office
Virginia, USA
Sales office
Jiangsu, China Plant
工廠
Changhua, Taiwan
銷售辦事處
Headquarter
Nantou, Taiwan
SDI Plant , TBT , CSM
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4

Quality System Certification

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• CSR 2019 Certified 2020

• IECQ HSPM QC 080000:2017 Certified 2019

• IATF16949:2016 Certified 2018

• ISO 45001:2018 Certified 2020

• CNS 45001:2018 Certified 2020

• ISO 9001:2015 Certified 2017

• ISO14001:2015 Certified 2017

• ISO 50001:2018 Certified 2019

• AEO Certified 2013

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5

Electronic Products Applications

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Automotive Industry • Motor control units
• Home applications : Air conditioners ,
washing machines , Micro wave
• Traction : High speed train ,subway power Unit
• 5G base station
• Comfort & Control ADAS Application
• ICE Powertrain • Radar system
• xEV e-Power train • Body system
• Parking Brake • Steering & Suspension • Computing ,
• BMS • Sensor Consumer • Mobile device
• DSC-Inverter • Powertrain • Power charger
• Security : smart card
• VCM Spring
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6

Our Future Trend

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World Market Position
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MHT
10.8%
Others CWT
34.8%
9.5%
US$
3,174M Shinko
8.3%
SDI
ASM 7.4%
Pacific
7.4%
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Power Market Position
SDI
16.9%
Others
38% Jihlin
US$ 13%
733M
CWT
10.4%
TSP
Enomoto 9.5%
8.2%
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End Market Application

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100%
8% 7% 6% 6% 5% 4%
90%
28%
80% 31% 31% 30% 29%
34%
70%
60%
29%
50% 30%
29%
32% 34%
31%
40%
30%
20% 39%
34% 36%
31% 30%
27%
10%
0%
2017 2018 2019 2020 1Q21 2Q21
Automotive Industrial Comsumer Others
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Source : SEMI Industry Research and Statistics, April 2020

7

Our Future Trend

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8

Core competence

High precision and reliable plating technique with NiPdAu & Ag finish

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Heat Sink- Rivet technology and DG for high heat dispatch

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Complicative dual gauge rolling

Surface treatment on Cu/Ag/NiPdAu finish for MSL-1 requirement

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

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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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0.08mm
HAIR
0.04mm
VCM
SPRING
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Emerging with Excellent Voice Coil Motor Spring

9

Stationery Products

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Light Force Stapler
Correction Tape
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Innovative slidearm patent Saving effort up to 50%

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

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Innovative ratchet mechanism patent Twist sharpening & 2X speed

Flat clinch patent can save 30％ paper space

FREE FLOW Whiteboard Marker

Ti-coated scissors

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• S-Curve design patent • Reducing Cutting 75% force • Titanium-coated blades stay sharp beyond 500,000 cuts

Cartridge refillable Ink Feed system patent Long-lasting tip made in Japan

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Precision cutter
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Strong auto-lock withstands up to 3kg Unique blade limited slot patent stabilizes blade during cutting

Tape Dispenser

Sound reduction patent Reducing noise by 15 dB

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50% Less Effort
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10

Our Customers

Leadframe

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Stationery
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11

Financial Performance

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EPS & DIVIDEND PAYOUT
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Return On Equity

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Revenue and Operating Margin

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12

Statements of Comprehensive Income

(In Thousands of dollars)	2Q21	1Q21	2Q20	2Q21 over 1Q21	2Q21 over 2Q20
Net Revenue	2,764,685	2,452,214	2,048,754	12.7%	34.9%
Gross Profit	560,613	481,275	303,119	16.5%	84.9%
Gross Margin	20.3%	19.6%	14.8%	0.7%	5.5%
Operating Expenses	220,348	213,637	172,277	3.1%	27.9%
Operating Income	340,265	267,638	130,842	27.1%	160.1%
Operating Margin	12.3%	10.9%	6.4%	1.4%	5.9%
Non-operating Income	(35,039)	(24,993)	(22,878)	-40.2%	-53.2%
Net Income to Shareholders of the Parent Company	224,214	185,031	69,482	21.2%	222.7%
Net Profit Margin	8.4%	7.8%	4.1%	0.6%	4.3%
EPS (NT$)	1.23	1.02	0.38	21%	223.7%

13

Balance Sheets

(In Thousands of NT$)	2021.6.30	2021.6.30	2021.3.31	2021.3.31	2020.6.30	2020.6.30
	Amount	%	Amount	%	Amount	%
Cash & Marketable Securities	648,603	6	951,606	8	976,857	9
Accounts Receivable	2,131,134	18	1,933,107	17	1,607,355	15
Inventories	3,632,079	31	3,092,900	28	2,806,757	27
Net PP&E	4,441,214	38	4,384,275	39	4,362,590	41
Total Assets	11,727,661	100	11,240,155	100	10,526,937	100
Current Liabilities	3,318,672	29	3,126,926	28	2,569,244	24
Long-term Interest-bearingDebts	2,030,674	17	1,917,837	17	2,253,262	22
Total Liabilities	5,349,346	46	5,044,763	45	4,822,506	46
Total Shareholders' Equity	6,378,315	54	6,195,392	55	5,704,431	54

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Q&A

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Thank you for listening.

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