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TMC — Investor Presentation 2024
May 28, 2024
52014_rns_2024-05-28_8c57c923-4386-429e-a6f5-ed0d9043a60a.pdf
Investor Presentation
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Investor Conference
May.27 ,2024
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Safe Harbor Statement
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- The presentation provided forward-looking statements. These forward-looking statements may exceed judgment due to different conditions such as risks, uncertainties and assumptions, and actual results may differ materially from this statements. Due to the different conditions of these risks, uncertainties and assumptions, the forward-looking statements in this presentation may not occur as expected. Readers should not rely on forward-looking statements.
• TAIWAN MASK CORPORATION has tried to ensure the information in this presentation is correct, without omissions and out of date. In addition, except for legal requirements, TMC has no obligation to respond new information or future events, proactively update the expression of the future prospects, and will not be responsible for any losses directly or indirectly caused in this presentation or actions taken by relying on information.
- Without the permission of the company cannot copy, modify, recompile, delete or transmit any content in this presentation, or use any content for commercial purposes.
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Agenda
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Welcome
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Company Update
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Guidance
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Q&A
TMC
Lidon Chen, GM
Eve Yang, CFO
All
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©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Company Update
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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TMC Company Update
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SEMI recovering is not significant
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‘23 revenue: TMC (+3%) and group (-7%)
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‘24 1[st] Q Mask: Revenue +8% YoY, GM -10% YoY
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Good progress to serve strategic accounts (more 12”)
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N40 qualified. CAPEX 1.5-2.5 B$NT on advanced node
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‘24 1[st] Q TMC group: +18% YoY.
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GM: -9.5% YoY. Subsidiaries will turn positive.
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Eco steel project, ESG and new business.
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Production started for BH. Line-up with local suppliers
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Green/blue H2 will be production by Oct, ’24.
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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TMC Group
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Semiconductor
TMC
ESG, Sustainable
Smart Manufacturing
Group
Innova MTC TMC YC
Contact Lens Foundry Services Mask Investment
75% 100% 100% 100%
OTS Xsense Aptos DCT
Program
Test Equipment Submont Package 3D print
Eco Steel
100% 53% 47% 57%
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Business
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• TMC Share %
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Pilot Moment
Energy Memory
58% 53%
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©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Fabs of TMC Group Mask Expanding@ F2/3 Fab 1,2 (@HC)
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Fab 6 (@ZN)
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Fab 3/5/8 (@HC)
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Fab 7 (@TL): Pending
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©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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SEMI is Expecting to Recover @2nd H
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Growth Engine: AI
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Exceed 1T @ 2032
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Uncertainties: • Geopolitical, election,..
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• Real wars, …
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• Inflation, interest, exchange rate, …
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• New application
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Source from: Gartner Q1, 2024
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Semiconductor Mask Market
4% Growth for 2024
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Decline in 2023
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2024 grows from,
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New fab
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Technology
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• Applications
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Source from: SEMI, 2024.01
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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New Comers from CN
Geopolitical Effect, Expanding in CN!
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New players:
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A: QY, QF, NRMTC
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M: QCC, ZWMASK, SuperMask, Newwaymask, Starmask
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Source from: SEMI
Opportunities happening but with interference !
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Varied Application of TMC Mask
Healthy and Stable
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©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Financial Results 2024Q2 Projection
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Consolidated Revenue
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| 0 500 1,000 1,500 2,000 2,500 |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
1% 17% 4% -5% -21% 15% 9% -4% -2% 12% -300% -250% -200% -150% -100% -50% 0% 50% Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2(F) TMC MTC APTOS Xsense DCT INNOVA Pilot Moment 2,000~2,100 46% 49% 49% 55% 61% 57% 51% 52% 56% 55% 41% 39% 37% 33% 26% 22% 19% 22% 23% 20% 11% 8% 10% 7% 5% 5% 14% 5% 3% 6% 2% 3% 3% 2% 5% 9% 10% 12% 8% 10% 0% 0% 0% 1% 0% 0% 0% 1% 1% 0% 1% 1% 1% 1% 1% 1% 2% 2% 2% 3% N/A 0% 0% 0% 1% 3% 1% N/A 2% 6% 4% 5% 4% 4% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -21% -4% 12 |
||||||||||||||||||||||||||||||
| Q1 22 | ||||||||||||||||||||||||||||||
| TMC | 46% | 49% | 49% | 55% | 61% | 57% | 51% | 52% | 56% | 55% | ||||||||||||||||||||
| MTC | 41% | 39% | 37% | 33% | 26% | 22% | 19% | 22% | 23% | 20% | ||||||||||||||||||||
| APTOS | 11% | 8% | 10% | 7% | 5% | 5% | 14% | 5% | 3% | 6% | ||||||||||||||||||||
| Xsense | 2% | 3% | 3% | 2% | 5% | 9% | 10% | 12% | 8% | 10% | ||||||||||||||||||||
| DCT | 0% | 0% | 0% | 1% | 0% | 0% | 0% | 1% | 1% | 0% | ||||||||||||||||||||
| INNOVA | 1% | 1% | 1% | 1% | 1% | 1% | 2% | 2% | 2% | 3% | ||||||||||||||||||||
| Pilot | N/A | 0% | 0% | 0% | 1% | 3% | 1% | |||||||||||||||||||||||
| Moment | N/A | 2% | 6% | 4% | 5% | 4% | 4% |
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
13
Gross Margin
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Gross Profit Gross Margin
700
31%
600
27% 27%
26% 26%
26%
24%
500 23% 22~23%
400 18%
300
200
100
0
Q1 22 Q2 Q3 Q4 Q1 23 Q2 Q3 Q4 Q1 24 Q2 (F)
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©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Consolidated Income Statement-QoQ
| NT$ M Operating Revenue Operating Costs Gross Profit Gross Margin Operating Expenses Operating Expenses % Operating Profit Operating Margin Non-operating profits Net Income (loss) before tax Net Income EPS(NT$) |
1Q 24 1,850 -1,520 330 17.8% -346 -18.7% -16 -0.9% 646 630 674 3.16 |
4Q 23 1,881 -1,444 437 23.2% -223 -11.9% 214 11.4% -71 143 143 0.68 |
1Q 23 1,564 -1,137 427 27.3% -236 -15.1% 191 12.2% 28 219 208 1.01 |
QoQ Amount % -31 -2% 76 5% -107 -24% -5.4pps 123 55% 6.8pps -230 -107% -12.2pps 717 1013% 487 339% 531 371% 2.48 |
YoY Amount % |
|
|---|---|---|---|---|---|---|
| 286 18% |
||||||
| 383 34% |
||||||
| -97 -23% |
||||||
| -9.5pps | ||||||
| 110 47% |
||||||
| 3.6pps | ||||||
| -207 -108% |
||||||
| -13.1pps | ||||||
| 618 2207% |
||||||
| 411 188% |
||||||
| 466 224% |
||||||
| 2.15 |
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Q2nd, 2024 Guidance
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Based on our current business outlook
- Revenues
Expected to increase and range between NT$2.0 billion and NT$2.1 billion.
- Gross Margins
Expected to range between 22% and 23%.
- Operating Margins
Expected to range between 9% and 10%.
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Q & A
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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https://www.tmcnet.com.tw/ [email protected]
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
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Thank you !
©Taiwan Mask Corp. Property
2024/5/27 Taiwan Mask Corp. 管制 Security C
19