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TXC Investor Presentation 2016

May 4, 2016

52274_rns_2016-05-04_e9b06b50-4cc1-4359-ab6d-5486a792317d.pdf

Investor Presentation

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www.txccorp.com

Think of Frequency Think of

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Investment Conference May, 2016

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Think of Frequency, Think of TXC

Agenda

FINANCIAL RESULTS

  • MARKET OUTLOOK

  • PRODUCT HIGHLIGHTS

  • PRODUCT DEVELOPMENT

  • BUSINESS HIGHLIGHT

  • Q&A

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2

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3

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Revenue Trend

Unit: $NT in Million

0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~		 2,327
2,331
2,446
2,400
2,166
2,358
2,519
2,483
2,135
2,219
2,417
2,495
2,109
13.Q1
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
15.Q2
15.Q3
15.Q4
16.Q1
2014:
9,526
(+0.23%)
2015:
9,266
(-2.73%)
2013:
9,504
(-13.03%)
~~13Q1~~
~~13Q2~~
~~13Q3~~
~~13Q4~~
~~14Q1~~
~~14Q2~~
~~14Q3~~
~~14Q4~~
~~15Q1~~
~~15Q2~~
~~15Q3~~
~~15Q4~~
~~16Q1~~
Revenue(QoQ) ~~.~~
-21.9%		 ~~.~~
0.2%		 ~~.~~
4.9%		 ~~.~~
-1.9%		 ~~.~~
-9.8%		 ~~.~~
8.9%		 ~~.~~
6.8%		 ~~.~~
-1.4%		 ~~.~~
-14.0%		 ~~.~~
3.9%		 ~~.~~
8.9%		 ~~.~~
3.2%		 ~~.~~
-15.5%
Revenue(YoY) -2.8% -9.6% -17.8% -19.5% -6.9% 1.2% 3.0% 3.5% -1.4% -5.9% -4.0% 0.5% -1.2%

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Gross Profit Trend

Unit: $NT in Million

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----- Start of picture text -----

28.9%
25.5% 25.3%
Gross 24.3% 24.6%
Margin 22.9% 25.0% 22.1%
24.2% 24.0%
22.8% 23.5%
22.4%
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
2013: 2014: 2015:
2,194 2,331 2,235
(-12.52%) (+6.24%) (-4.12%)
800
Gross
700 609 634 630 610
Profit 600 522 566 557 549 509 579 533 491 581
500
400
300
200
100
0
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
Gross Profit (QoQ) -23.6% 8.4% -1.6% -1.4% -7.3% 13.8% 5.2% 4.1% -15.9% -7.9% 18.3% 8.4% -3.2%
Gross Profit (YoY) 0.0% -8.9% -18.3% -19.6% -2.5% 2.3% 9.3% 15.5% 4.7% -15.2% -4.6% -0.6% 14.4%
----- End of picture text -----

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Net Profit Trend

Unit: $NT in Million

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----- Start of picture text -----

11.8%
Net
10.6% 10.7%
Margin 10.1% 10.3%
9.4% 10.8%
10.2% 10.6% 10.4% 8.0% 10.2%
9.0%
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
2013: 2014: 2015:
450 935 995 938
Net
Profit 400 (-18.62%) (+6.42%) (-5.72%)
350
286
300 264 268 263 254
242 242
250 209 220 222 221 226
177
200
150
100
50
0
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1 15.Q2 15.Q3 15.Q4 16.Q1
Net Profit (QoQ) -35.9% 5.3% 20.0% -8.3% -8.3% 9.0% 10.7% -1.9% -16.0% -19.9% 61.6% -11.2% -11.0%
Net Profit (YoY) 5.0% -15.7% -27.3% -25.8% 6.2% 10.0% 1.5% 8.7% -0.5% -26.9% 6.7% -3.4% 2.3%
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Income Statement Highlight

Unit：$NT
in thousand		 2014 2015 YoY Q1 2015 Q1 2015 Q1 2016 Q1 2016 YoY
Net Revenue 9,526,243 9,265,656 -2.7% 2,135,069 2,108,973 -1.2%
Gross Profit 2,331,149 2,235,175 -4.1% 533,220 610,015 14.4%
Operating Profit 1,004,022 908,335 -9.5% 216,792 280,581 29.4%
Income before tax 1,145,755 1,087,610 -5.1% 243,611 256,887 5.4%
Net Income 995,174 938,203 -5.7% 221,065 226,166 2.3%
Gross Margin 24.5% 24.1% - 25.0% 28.9% -
Operating Margin 10.5% 9.8% - 10.2% 13.3% -
Net Margin 10.4% 10.1% - 10.4% 10.7% -

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7

Balance Sheet Highlight

~~Unit：$NT in~~
~~thousand~~		 ~~Q1 2015~~ ~~2015~~ ~~Q1 2016~~
~~Current Assets~~ ~~8,050,907~~ ~~8,573,807~~ ~~8,348,464~~
~~Fixed assets~~ ~~4,962,083~~ ~~4,570,352~~ ~~4,395,342~~
~~Total assets~~ ~~13,784,696~~ ~~15,580,415~~ ~~14,640,399~~
~~Current liabilities~~ ~~3,678,563~~ ~~3,444,554~~ ~~2,381,004~~
~~Long-term liabilities~~ ~~1,063,582~~ ~~1,396,615~~ ~~1,854,345~~
~~Total liabilities~~ ~~4,742,145~~ ~~4,841,169~~ ~~4,235,349~~
~~Shareholders' equity~~ ~~9,042,551~~ ~~10,739,246~~ ~~10,405,050~~
~~Debt ratio~~ ~~34.4%~~ ~~31.1%~~ ~~28.9%~~
~~Current Ratio~~ ~~218.9%~~ ~~248.9%~~ ~~350.6%~~
~~Quick Ratio~~ ~~170.3%~~ ~~197.1%~~ ~~275.6%~~
~~Net Value Per Share~~ ~~29.19~~ ~~34.67~~ ~~33.59~~

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8

Capital Expenditure of 2016

(Unit: $NT)

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----- Start of picture text -----

Amount: 500M
PCF
TCXO/ Sensors /
Amount: 100M
PSS/New Products
SMD X’TAL: 10KK
Factory + Facility
2015
CKG
NGB
Total Amount:
CKG
600 million
Amount: 150M
SMD X’TAL: 4KK
ACAP X’TAL
Factory + Facility
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9

Dividend Policy

(Unit: $NT)

0
1
2
3
4		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5		 (
2.2
2.2
2.2
2.5
2.5
Earning Per Share
3.48
3.79
3.02
3.21
3.03
Cash Dividend Per
Share

2.2
2.2
2.2
2.5
2.5
Stock Price (4/E )
43.55
46.00
43.55
39.90
41.10
Payout Ratio(% )
63.22
58.05
72.84
77.88
82.51
Yields(% )
5.05
4.78
5.05
6.27
6.08

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10

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11

Worldwide X’tal & Oscillator Market Updates

Worldwide X'tal & Oscillator Shipment Y2008~2017

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----- Start of picture text -----

20,000 30%
25% 25%
20%
15,000
15%
10%
10,000 5% 2% 2% 5%
1% 1%
2% -2% 2% 0%
5,000 -5%
-9% -10%
0 -15%
2008 2009 2010 2011 2012 2013 2014 2015(f) 2016(e) 2017(e)
WW Shipment(Million pcs) YoY Source: CS&A 2015
----- End of picture text -----

Worldwide X'tal & Oscillator Revenue Y2008~2017

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----- Start of picture text -----

4,000 25%
3,500 20% 20%
15%
3,000
10%
2,500
1% 5%
2,000 -1.4%
-3% -2% 0%
1,500 -6.5% -2% -1%
-5% -5%
1,000 -10%
500 -14% -15%
0 -20%
2008 2009 2010 2011 2012 2013 2014 2015(f) 2016(e) 2017(e)
WW Revenue(Million USD) YoY
Source: CS&A 2015
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12

2015 World Ranking

2015
Rank		 Company Name 2015
Revenue (M)		 Percent of Total
1 Epson Toyocom $427 14.1%
2 NDK $338 11.2%
3 KCD $301 9.9%
4 TXC $300 9.9%
5 KDS $201 6.6%
6 Vectron $163 5.4%
7 SiWard $95 3.1%
8 Hosonic $91 3.0%
9 RIVER $77 2.5%
10 Murata $69 2.3%
Other Companies $968 31.9%
Total Revenue $3,030 100.0%

Source: TXC, CS&A 2016

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13

Revenue Breakdown by Market Segments

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LIGHTING AUTOMOTIVE
OTHERS
6% 6% HOME AUTOMATION
5% 5%
5% 4% 5%
7%
MOBILE
COMMUNICATION
24%
25%
NETWORKING
37% 36%
19%
16%
MOBILE COMPUTING
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14

Revenue Breakdown by Products

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----- Start of picture text -----

Others KHz X’tal
XO/SO
5% 6%
10%
8% 7%
11%
TCXO
12%
9%
2%
5%
53%
8% 58% MHz X’tal
Sensor
6%
PSS
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15

Whether we have known it or not, the Internet of Things are already here

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----- Start of picture text -----

Wearable
Devices
connections are
Medical
Devices Tablet
TXC growth markets
Infrastructure Smartphone
Automotive
Servers
Smart
Home
----- End of picture text -----

The Internet of Things connections are exploding and creating endless possibilities of new smart applications

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16

The Internet of Things are driven by combination of technologies

1. Sensors

2. Connectivity

3. People & Process

These drive the changes in TXC; the way we learn, work, and innovate

TXC TXC TXC Diversified business Core Business Industry 4.0 and IBM (Sensors) (Timing) program training

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1. Sensors, sense and measure everything

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Vision / Optical / Position / Presence / Proximity
Ambient Light
Acceleration / Tilt
Motion / Velocity /
Displacement
Temperature
Electric / Magnetic
TXC
Diversified: more
sensors to launch
Humidity / Moisture
Leaks /
Levels
Acoustic / Sound /
Vibration
Chemical /
Force / Load / Flow Gas
Torque / Strain /
Pressure
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Source: TXC, IDC, ABI

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18

2. Connectivity, network and connect everything

TXC Core: total timing solutions provider

Ultra Stability

  • XO

  • • VCXO • S3-TCXO • OCXO

Miniature and Thin

  • Xtal

  • XO

  • TSX / TCXO

  • High Reliability • Xtal • XO

  • TSX / TCXO

Source: TXC, IDC, ABI

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3. People and Processes, integrate data for decision making

TXC

Industry 4.0 and IBM program training

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Training and continuing professional
development
Management of complex
systems, regulatory framework,
real-time
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Standardization, Safety and security, resource efficiency

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Source: TXC, IDC, ABI
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Smallest and thinnest high performance crystals and oscillators (TCXO) for smart phones, wearables, smart home

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  • 3G/4G LTE

  • • WiFi

  • • BT/BLE

  • • NFC

  • • GNSS

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Crystal Smallest and Thinnest 0.30mm 1.2x1.0x0.30mm

TSX

Smallest and Thinnest 1.6x1.2x0.55mm

TCXO/VCTCXO High stability ±0.5ppm Smallest: 1.6x1.2x0.55mm

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Ultra stability and accuracy Oscillators for telecommunication infrastructure (Base Station and Small cell)

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OCXO
Ultra Stability ±3ppb
Ultra Stability ±3ppb
Stratum 3/3E Grade
Stratum 3/3E
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S3-TCXO

High stability ±100ppb Ultra Stability ±100ppb Stratum 3 Stratum 3

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Source: Infonetics
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VCXO

Ultra Low Jitter 50fs Ultra Low Jitter  50fs High Frequency  700MHz Frequency up to 700MHz

XO, SO

Ultra Low Jitter 50fs Ultra Low Jitter  50fs High Frequency  800MHz Frequency up to 800MHz

Crystal

High Stability ±10ppm High Stability ±10ppm Fund. Frequency  400MHz Frequency up to 400MHz

32kHz RTC

High Stability ±5ppm High Stability ±5ppm Temperature Compensated Temperature Compensated

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23

High reliability crystals and oscillators comply with AECQ100 and 200 for automotive applications

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V2X, 802.11p
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Crystal (AEC Q200) Metal Can: -40~105ºC Glass: -40~150ºC Seam: -40~125ºC

XO (AEC Q100) Seam: -40~105ºC

TCXO (AEC Q100) Seam: -40~105ºC

Notes: G3:-40~85ºC / G2: -40~105ºC / G1: -40~125ºC / G0: -40~150ºC

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Smallest 3in1 ALS+PS sensors by ceramic packaging enable “Single aperture” design of smartphone and best IR isolation that reduce noise

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ALS+PS Sensors
PA122/PA22A Combo Ambient
Light + Proximity Sensors
•
Size: 2.5x2.0mm
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25

High Output Data Rate (ODR) and Anti-Magnetic Hysteresis

3-Axis E-Compass sensors for accurate heading direction, virtual reality, augmented reality applications and drones

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E-Compass Sensors
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PM131 • Size: 1.6x1.6mm

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Product Roadmap

Seam = Seam Seal Glass = Glass Seal

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Glass = Glass Seal
2016 2017 2018
 2520 G1 1210 (G2) 1612 (G1)  2520 G1
MHz Crystal 1612 Glass  2016 G2 ■ 3225 (G0) ■ 2016 (G0) ■ 2520 (G0) 1008 Crystal
■ 1612 (G1) 1210 Seam ■ 1612 (G0)
MHz Crystal 2016 TSX ■ 2016 ACAP TSX
Thermistor 1612 TSX
KHz Crystal  RTC SOP04 (G2)  RTC 3225
 5032 (G2)  3225 (G1)  5032 (G1)
XO/MO/SO  3225 (G3) 2520 (G3)  2520 (G1)  1612 (G2)  2016 (G1)  1612 (G1)
 2016 (G3)
3225 (25~200MHz)
VCXO 5032 (25~200MHz) 5032 (2 GHz) 3225 (2 GHz)
7050 (25~200MHz) 7050 (2 GHz)
3225 (G2) 7050 S-3 (G2) 3225 (G1)
TCXO 2520(G2) ■ 3225 TCXO 3225 S-3 (G2) 2520 (G1)
2016(G2) 1612 (G2) 2016 (G1)
3627 SC-Cut
9775 SC-Cut
OCXO 2525 SC-Cut 7050 SC-Cut
1409 AT-Cut
 2520 PS+ALS(PA22A)  RGB Sensor  Pulse Sensor
 4509 PS+ALS(PA233)  Pressure Gas Sensor
Sensor 1212 3-Axis E-compass  4509 PS+ALS (wide ALS) 0808 3-Axis E-compass
 2520 PS(PA224) 1010 3-Axis E-compass
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Product Size
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Note： ■ for automotive application

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Technology Roadmap

Present 2016 2017 2018 Quartz BlankHigh Speed Beveling - Ultra High Speed Beveling (MechanicalHFF- Lapping - Plate HFF etching+Polish - Process) Double Rotation CutDeep Etch - Quartz BlankInverted Mesa (200 MHz) Bi-Mesa (For Low - Inverted Mesa (MEMS Process) MHz & Small Size) (up to 400 MHz)Discrete Oscillator & Oven Control - OCXO ASIC CircuitsTemp Compensation (-40~105) - High Temp Comp (-40~125) w/ unique algorithm (Algorithm)3OT / PLL - Ultra low phase noise PLLMetal Seal – Kovar Seam/AuSn - Glass Vacuum Seal SealingGlass Seal - Low stress Direct SeamMetallic lid - Miniature package PackagingHTCC - Package with embedded heater - Wafer level trim & package (WLP)

Design Tools : 3-D Finite Element (Structural/ Thermal/ Electromagnetic)

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29

New diversified: Miniature PM2.5 Sensor by ceramic packaged, patent pending for Taiwan, USA, China, Japan and India. Engineering samples available by Q4 2016

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Particulate Particulate Matter Sensing
Size Filter Collector Oscillator
X Process Signal
Reference
Oscillator
Wireless
Module
PM2.5 Sensor/Module
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31

Summary

Revenue will grow steadily. Change in product mix will 01 contribute to better margins.

02 Gross margin is expected to be better than 2015.

New automotive, sensor, and networking related 03 products will be the driving force of sales in 2016.

Internet of Everything (IoE) and Vehicle to Everything 04 (V2E) will expand our market opportunities. Products in developing will continuously bring in new 05 sales leads.

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32

Q & A Thank you

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