Transcend - Investor Presentation 2022

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創見資訊法人說明會
2022年第四季

關於創見

1988年成立	Made in Taiwan	全球共 13家分公司
全球超過 1,200位員工	超過2,000 多種產品	2001年股票公開上市

Notes:

台灣25大國際品牌

創見連續15年獲得全球權威品牌價值調查機構 Interbrand 認可為2021年「台灣最佳國際品牌」
台灣排名25大品牌之一，品牌價值高達0.86億美金

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全球據點
歐洲
亞洲
總部

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日本
台灣
總部
台灣
工廠
韓國
德國
英國
荷蘭

中國
美國

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洛杉磯
矽谷
馬里蘭
香港
北京
上海
深圳

Notes:

Manufacturing Bases

生產據點

| 1,000萬 pcs 生產能力/月 | 自動化生產線系統 | 16條高速 SMT生產線 |
| --- | --- | --- |
| 建築面積 35K m2 | 各式環境測試設備 | 5+ ISO認證 |

Notes:

多元化產品

內接式固態硬碟
行動固態硬碟
外接式儲存裝置
個人雲端儲存裝置

行車記錄器
穿戴式攝影機
蘋果升級方案
讀卡機
記憶體模組
隨身碟
記憶卡
配件

嵌入式解決方案

固態硬碟
記憶卡
Flash產品
記憶體模組
SD Cards
microSD Cards
CompactFlash Cards
CFast Cards
MMC
PATA DOM
USB Drives
DDR5
DDR4
DDR3
DDR2/DDR/SDRAM
2.5” SSDs
M.2 SSDs
PCIe SSDs
mSATA SSDs
Half-Slim SSDs
2.5” PATA SSDs

工業應用領域
創見嵌入式解決方案廣泛應用於不同領域的工業應用。

網路通訊

運輸

自動化

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醫療
車載資訊娛樂系統
導航系統
醫療平板
核磁共振儀與超音波系統
資料中心
影音串流伺服器
自動化控管
流程和終端控制系統

AIoT

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數位娛樂

軍事防禦

嵌入式應用

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強固型電腦
地面導控站與軍事通信系統
智慧工廠
無人商店
老虎機
擴增實境(AR)與虛擬實境(VR)裝置
工業電腦與嵌入式平板
無風扇嵌入式電腦

Notes:

Transportation
Healthcare
Networking and Telecom
Automation
Defense
Embedded Application
Gaming
AIoT

嵌入式軟體解決方案
管理

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安全
救援

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監控

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椰踢椰.png

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Control Center
TCG Opal Toolbox? ATA Security Toolbox
UFD Security Toolbox
One Touch Recovery
Scope Pro

SaaS 解決方案可即時大規模優化邊緣裝置。
軟體操作介面簡單、直觀，使用者可輕鬆管理加密裝置。
專為嵌入式解決方案所設計，能使企業快速救援丟失的數據。

可幫助用戶透過直觀的介面監視及管理SSD狀態。

Notes:

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2022新品介紹

嵌入式解決方案
112層 3D NAND SSD
引領極智未來，為人工智慧、5G、與元宇宙應用?提供極速、穩固的儲存解決方案。

| MTE720T | MTE710T | MTE670T | MTE370T |
| --- | --- | --- | --- |

| SSD470K | SSD460K | MTS970T | MTS960T |
| --- | --- | --- | --- |

| MTS570T | MTS560T | MSA470T | HSD460I |
| --- | --- | --- | --- |

Notes:

嵌入式解決方案
斷電保護SSD
SLC Mode SSD
DDR5
記憶體模組
保障高工作負載的資料完整性。
速度、穩定性與可靠度的革命性進化。
高性價比儲存解決方案。

| DDR5 DIMM | MTS862K | MTS462K | SSD420P |
| --- | --- | --- | --- |
TCG Oapl SSD
進階加密技術，保障機密資料安全。

| MTE712A | MTE672A | MTE470A | SSD452A |
| --- | --- | --- | --- |

Notes:

嵌入式解決方案
MLC SSD
實現卓越的運作效能、最佳的耐用度以及可靠性。

| MTS802M | MTS602M | MTS402M | MTS810M | MTS410M |
| --- | --- | --- | --- | --- |
工業用
記憶卡
工業用
隨身碟
高耐用特性，適合車載電腦、醫療儀器、智慧監控...等
高密集讀寫應用。

| SDC460T | USD460T | CF180I | CFX602I | JF180I |
| --- | --- | --- | --- | --- |

Notes:

消費性產品
SSD
專為電競玩家、影音工作者、與商務辦公所打造。

| MTE250S | MTE110Q | SSD225S | MTS825S | MTS425S |
| --- | --- | --- | --- | --- |
MacBook擴充卡
DDR5
記憶體模組
行動固態?硬碟
記憶卡

| Unbuffered DIMM | ESD380C | ESD260C | SDC340S | JDL330 |
| --- | --- | --- | --- | --- |

Notes:

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成功案例

醫療精簡型電腦解決方案
平台?法國第一的精簡型電腦製造商 I 公司，致力為公私立醫院及醫療機構提供IT解決方案。
應用?I 公司製造用於醫療院所的Itium系列精簡型電腦解決方案，以利於訪問主要伺服器時保留患者資料。此外， I 公司開發之Itium Nomade系列電腦醫療推車亦需要高可靠性之SSD，以確保先進醫療設備的數據傳輸性能。
創見產品
TS128GMSA470T
128GB SATA3 mSATA SSD w 3D BiCS3 TLC NAND Flash
TS256GMSA470T
256GB SATA3 mSATA SSD w 3D BiCS5 TLC NAND Flash
TS128GSSD470K
128GB 2.5" SATA3 SSD w 3D BiCS5TLC NAND Flash

Confidential

Notes:

[NL office – Case Sharing]
I Company Successful Story

Mission:

Transcend is preferred partner to I company, #1 French thin client brand
The company was founded in 1987 in Paris, France
The initial contact with I-company was made on France’s largest medical fair, HIT Paris in May 2017 Because of chip shortage, the real beginning of this partnership had been delayed to Q4 2018
Transcend cannot be involved directly with I-company because they have externalized most of manufacturing process to China
I-company does the final assembly , i.e. storage adding and homemade software installation-, testing and shipping in France
I-company is purchasing all its software solutions to Avnet for final assembly. In order to keep costs down because of severe competition from foreign thin client’s manufacturers, I-company has decided that Transcend solutions should be purchased thru Avnet.
Transcend has been visiting I-company top management at their headquarters in France in 2018. We are in direct link with I-company regarding the qualification and technical support

Transcend is managing the following points for I-company
1) Doing Spec-in with sample delivery
2) Managing solution changes
3) Yearly worldwide forecast management
4) EOL Management
5) Compliancy management (CoO, CE, FCC…)
6) Future projects negotiation
7) Customization requests
8) Technological watch
19) RMA and tech support

Needs / Solutions
We provide fixed BoM, customer based P/N SSD for thin client solutions
For Itium range (thin client used in public/private hospitals) :
- TS032EPTDE1500E ► TS32GMSA450T
- TS064EPTDE1500E ► TS32GMSA450T
For Itium Nomade range (computerized medical trolley) :
- TS064FSTDE1500E ► TS64GSSD450K

Result

Sold quantities so far:
2.5K pcs of TS032EPTDE1500E ► TS32GMSA450T
2.4K pcs of TS064EPTDE1500E ► TS64GMSA450T
2.2K pcs of TS064FSTDE1500E ► TS64GSSD450K

Transcend has suggested I-company to spec-in new BiCS4 SSD range (MSA452T and SSD452K) for future projects
TS128GMSA452T
TS64GSSD452K

樹莓派（Raspberry Pi）電腦
平台
知名英國電子系統設計產品經銷商 P 公司推出樹莓派（Raspberry Pi）系列電腦，由專業工程師在物聯網應用?原型設計中大量使用。
應用
樹莓派系列電腦需要在單板電腦安裝具備寬溫特性之大容量 microSD 記憶卡，確保專業工程師應用時實現卓越的可靠性及效能。
創見產品
TS64GUSD460T
64GB microSD card U1/V10 with 3D BiCS5 NAND flash

Confidential

Notes:

[UK Office – Case Sharing]
Mission:

Transcend's business partner, is the first company to produce a low cost, credit card sized PC that has the capability to enable people of all ages to explore computing and coding. It is a charitable organization founded in 2009 in the UK.
P company provides the foundation with the ability to distribute their product. We work directly with the foundation, the distributor and the manufacturing company of the product in the UK to provide their unique customized solution which is bundled with these PC’s.
TSRASPI10-16G (OS software, Customized packaging and product logo)
Raspberry PI (Models, 0,1,2,3,4) (Versions, zero, W, A+, B+, B, 3+)
Ultimate goal is to be the only supplier for the Raspberry PI

Needs / Solutions
It took us two years of time and effort to win the business with the foundation and company P.
Conducting many meetings and samples along with visiting the manufacturing plant.
We provide a flexible service to the customer as demand can come in spikes with the release of new products and continuous updates to the OS.
It is critical that we provide this service and solution to the customer.
HQ help provide new F/W solutions for the customer ASAP to ensure customer satisfaction.

Result
Annual demand of 1-200K pieces dependent on the success of the new PC’s.
Sole supplier for Company P and the manufacturing site in the UK.
Very close and friendly relationship with Company P, the foundation and the manufacturing plant.

無線區域網路設備
平台
中國前三大電信設備製造商 Z 公司供應多模式基頻模組（BBU，Baseband Unit），可用於室內外整合的基地站。

應用
多模式BBU應用於5G無線網路通訊，需要-40°C至85°C之寬溫儲存，以克服各種天氣條件。
創見產品
TS1GSH72V1H-I
8GB DDR4 2133Mhz ECC-SO-DIMM with Samsung DRAM and normal operation at Wide Temp.

TS128GMTS570T-I
128GB M.2 SATA3 SSD with 3D BiCS5 NAND and normal
operation at Wide Temp.

Confidential
* 寬溫下工作溫度範圍為 -40°C 至 85°C

Notes:

Company Name:中兴通讯股份有限公司 ZTE Corporation
中兴平台型号：全制式BBU
平台信息：Linux（细节保密）
平台应用：通信设备5G BBU
创见导入产品：TS1GSH72V1H-I、TS32GMTS400I

Background:
Prior to 2018, our collaboration with ZTE Corporation are mostly based on wired network projects. With excellent qualities and delivery capabilities of our network, we have obtained the testing opportunities of the wireless BBU project. Serving as a determining factor for the survival of the firm, the 5G BBU is the most important project of Company Z.

Project details:
In January 2018, we received the selection notice for Company Z’s RAM and SSD during the selection stage of this project. According to Company Z’s specification demands, we recommended our TS1GSH72V1H-I and TS32GMTS400I. In the sample test phase, we conducted more than five technical discussions for the special features of these projects. We provided various monitoring parameters, especially to TS32GMTS400I, to conform with the special requirements of Company Z. We recommend Company Z to optimize its optimization software according to actual application scenarios.

Result:
We successfully imported TS1GSH72V1H-I and TS32GMTS400I into Company Z’s 5G BBU project, and obtained 4K/M orders for TS1GSH72V1H-I 12K/M and TS32GMTS400I.

5G測試平台
平台
L 公司為全球測試設備製造行業的先驅兼供應商，為無線消費電子產品開發商提供先進的測試解決方案。全球70%的無線設備均曾接受 L 公司解決方案之檢測。
應用
L 公司開發及製造IQgig-5G系列波測試系統，為用於測試設備並完全整合的多頻段解決方案。該系統由簡單的介面構成，使製造業實現高效率之跨設備測試。此類產品需具備高可靠度與可擴展性之SSD以提供先進的5G環境。
創見產品
TS256GSSD470K
256GB 2.5" SATA3 SSD with BiCS5 3D TLC NAND flash

IQgig-5G-hp

Confidential

Notes:

SV Office – Case Sharing: LitePoint Successful Story

Transcend SV has been working with LitePoint, a testing device manufacturer functioning as a subsidiary of the major testing industry player Teradyne, since 2015 having originally met with them to support 2.5” I-Grade SSD options for a potential project using a more rugged system design. This project did not come to be, but the relationship was maintained and followed up on consistently over a multi-year period. During this time Transcend SV had discussions and meetings with multiple commodity managers, supply chain executives and engineers, but at no point was an opportunity for new qualification afforded.

In January 2019, Transcend SV again reached out to re-engage with LitePoint to discuss support of their testing devices with the newer 64L 3D TLC technology as well as with the early stage 64L 3D TLC (High Endurance). At this time Micron’s original SSD solution was EOL, and LitePoint was open to the idea of qualifying a new solution for future use. Transcend SV worked to promote a highly appealing solution and successfully persuaded LitePoint to both set up a direct account (T/T in Advance) and purchase samples for internal qualification. The project requires EAU of ~4.5K units of SSD and may incorporate 7.5K EAU of DDR4, but currently that is supported using Kingston ETT chips. For the time, Transcend SV will focus support on the SSD.

These samples of TS256GSSD450K and TS256GSSD450K-V were shipped at the end of Q1 / beginning of Q2, and testing was able to successfully complete by ~May 2019. At this point, LitePoint confirmed that they would begin to purchase Transcend product (TS256GSSD450K) once the remaining stock of Micron SSDs were exhausted. They provided a forecast and advised that they work with 2 CM partners, Sanmina San Jose and Flex Suzhou. Transcend SV set up a direct account with Sanmina San Jose and quickly received POs for ~1850pcs for Q4 2019 production. Transcend SH was incorporated to support Flex Suzhou directly and processed the first order for 630pcs of TS256GSSD450K in August 2019, recently having received a follow up order for 350pcs in November 2019.

賭場遊戲機
平台
西班牙遊戲業全球領導者 U 公司，在拉丁美洲及義大利尤居於領先地位，為全世界賭場及電動遊樂場開發各式各樣的遊戲平台與軟體。
應用
U 公司開發之新遊戲平台「Sensation」由雙面Full HD?螢幕和20多種遊戲組合而成，此種遊戲平台經常擺放在供電不穩的酒吧和遊戲廳，因此需要可靠、資料毀損率低及高耐用性的SSD，同時必須能夠承受意外斷電之發生。
創見產品
TS80GSSD550I
80GB 2.5”SATA3 SSD with BiCS5(SLC mode) NAND flash

Confidential

Notes:

Mission
Unidesa contacted us in 2018, their mission was to find an SSD with a password protected hidden partition. Additionally, they required an SSD that could survive an intensive sudden power loss test. Customer tested SSD420K, SSD420K with IPS, and SSD510K with OP 7%. After testing for close to 4 months, customer decided to adopt SuperMLC.

Needs/Solutions
In order to meet the password protected hidden partition, Transcend suggested SSD510K with customized controller to support TCG Opal 2.0. Transcend provided a personalized tool so the customer could set the hidden partition LBA and set of commands to enable, disable, unlock, and revert. During the development process, Unidesa found some SATA speed issues caused by the Advantech platform. Transcend technical team worked with Advantech and SMI to localize the issues and improve performance.

Results
Customized TS32GSSD510K and TS64GSSD510K have been adopted in the new gaming platform “Sensation”. Transcend will supply Unidesa for the rest of the platform’s life cycle. Unidesa is very pleased with the SSD performance and the support from Transcend. 3D TLC Bics4 samples are being tested for future projects.

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財務資訊

2022Q3 合併損益表
單位：新台幣百萬元；每股盈餘為元
| | 2022Q3 | |
| --- | --- | --- |
| | 金額 | % |
| 銷貨收入 | 3,066 | 100 |
| 銷貨成本 | (2,629) | |
| 營業毛利 | 437 | 14.2 |
| 營業費用 | (280) | (9.1) |
| 營業淨利 | 157 | 5.1 |
| 營業外收入/支出 | 466 | 15.2 |
| 稅前淨利 | 623 | 20.3 |
| 本期淨利 | 484 | 15.8 |
| 每股盈餘 | 1.13 | |
| 2022~Q3 | |
| --- | --- |
| 金額 | % |
| 9,522 | 100 |
| (7,350) | |
| 2,172 | 22.8 |
| (922) | (9.7) |
| 1,250 | 13.1 |
| 2,035 | 21.4 |
| 3,285 | 34.5 |
| 2,408 | 25.3 |
| 5.61 | |
| 2021~Q3 | |
| --- | --- |
| 金額 | % |
| 10,816 | 100 |
| (7,538) | |
| 3,278 | 30.3 |
| (975) | (9.0) |
| 2,303 | 21.3 |
| 205 | 2.0 |
| 2,508 | 23.3 |
| 2,045 | 18.9 |
| 4.77 | |

2022Q3 合併資產負債表
單位：新台幣百萬元
| | 2022/9/30 | |
| --- | --- | --- |
| | 金額 | % |
| 總資產 | 21,449 | 100 |
| 流動資產 | 16,174 | 75.4 |
| 現金及約當現金 | 3,659 | 17.1 |
| 金融資產-流動 | 6,735 | 31.4 |
| 應收帳款 | 1,414 | 6.6 |
| 存貨 | 4,244 | 19.8 |
| 非流動資產 | 5,275 | 24.6 |
| 金融資產-非流動 | 536 | 2.5 |
| 不動產、廠房及設備 | 4,182 | 19.5 |
| 總負債 | 2,019 | 9.4 |
| 流動負債 | 1,405 | 6.6 |
| 應付帳款 | 559 | 2.6 |
| 權益總計 | 19,430 | 90.6 |
| 財務指標 | | |
| 股東權益報酬率 | 16.53% | |
| 資產報酬率 | 14.97% | |
| 2021/12/31 | |
| --- | --- |
| 金額 | % |
| 22,439 | 100 |
| 16,774 | 74.8 |
| 2,018 | 9.0 |
| 7,074 | 31.5 |
| 1,625 | 7.2 |
| 5,775 | 25.7 |
| 5,665 | 25.2 |
| 741 | 3.3 |
| 4,544 | 20.3 |
| 2,604 | 11.6 |
| 2,402 | 10.7 |
| 1,417 | 6.3 |
| 19,835 | 88.4 |
| | |
| 12.77% | |
| 11.29% | |
| 2021/9/30 | |
| --- | --- |
| 金額 | % |
| 21,615 | 100 |
| 16,118 | 74.6 |
| 1,640 | 7.6 |
| 7,509 | 34.7 |
| 1,618 | 7.5 |
| 5,188 | 24.0 |
| 5,497 | 25.4 |
| 375 | 1.7 |
| 4,733 | 21.9 |
| 2,276 | 10.5 |
| 2,081 | 9.6 |
| 1,286 | 6.0 |
| 19,339 | 89.5 |
| | |
| 14.10% | |
| 12.62% | |

2022Q3 合併現金流量表
單位：新台幣百萬元
| | 2022~Q3 | 2021~Q3 |
| --- | --- | --- |
| | 金額 | 金額 |
| 合併稅前淨利 | 3,285 | 2,508 |
| 營業活動之現金流量 | 3,744 | 1,564 |
| 投資活動之現金流量 | 586 | 750 |
| 籌資活動之現金流量 | (2,625) | (1,360) |
| 匯率影響數 | (64) | (51) |
| 本期現金及約當現金增加數 | 1,641 | 903 |
| 期初現金及約當現金餘額 | 2,018 | 737 |
| 期末現金及約當現金餘額 | 3,659 | 1,640 |

產品銷售佔比變化

Chart

Category	工控產品	消費型產品	策略性產品
2022Q3	0.623	0.222	0.155
2021	0.572	0.263	0.165

地區銷售佔比變化

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2022Q3
2021

2020Q3-2022Q3 獲利比率及每股盈餘情況

Chart: 比率

Category	每股盈餘	毛利率	淨利率
20Q3	0.48	0.184	0.074
20Q4	0.61	0.185	0.089
21Q1	1.3	0.244	0.16
21Q2	1.91	0.347	0.216
21Q3	1.55	0.315	0.189
21Q4	1.14	0.257	0.139
22Q1	1.82	0.249	0.226
22Q2	2.67	0.291	0.381
22Q3	1.13	0.143	0.158
註: 2020Q3~2022Q3流通在外股數為4.29億股

2017-2021 股利發放及殖利率情況

Chart: 比率

Category	現金股利	資本公積發放現金股利	股利殖利率
2017	5.8	0.2	0.07717041800643087
2018	4.4	0.6	0.07254788160185723
2019	3.6	0.9	0.06536897152818129
2020	2.55	0.5	0.044030604879457196
2021	5.2	0.8	0.08587342549949946

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Transcend Investor Presentation 2022

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Transcend — Investor Presentation 2022

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