UMEC — Investor Presentation 2018

Nov 22, 2018

環隆科技股份有限公司 Universal Microelectronics Co., Ltd. (股票代號：2413) 法人說明會

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2018年11月23日

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AGENDA

1 公司簡介 2 產品應用與發展 3 市場佈局 4 營運展望

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AGENDA

1 公司簡介

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• INITIAL OPERATION

• » January 1984

• EMPLOYEES :

• » Taiwan — 650

• » China — 4000

• » Vietnam - 1000

• CAPITAL :

• » US$ 43,209,000

• INITIAL PUBLIC OFFERINGS :

• » October 1998

• ANNUAL SALES :

公司簡介

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Headquarters Taichung Taiwan

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Shenzhen Factory

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Taichung Factory

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Meizhou Factory

• » US$ 106,244,432.17(2018 1-10月)

• PLANT FLOOR AREA :

• » 32,100 m[2 ] ---- Taiwan HQ and Factory )» 72,200 m[2 ] ---- Shenzhen Factory

• » 9,200 m[2 ] ---- Longyan Factory

• » 7,200 m[2 ] ---- Meizhou Factory

• » 13,000 m[2 ] ---- Hanoi Factory

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Hanoi Factory

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Longyan Factory

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Global Office & Sites

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AGENDA

2 產品應用與發展

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Product Segmentation

		Product Segmentation	Product Segmentation	Product Segmentation
	MAGNETIC	POWER ICP LCM Universal Microelectronics Co., Ltd UMEC
			ICP
*** RF transformer Telecommunications Power Transformer Inductor Products* Custom Design Transformer/ Inductor*		*** DC/DC Converters AC Open Frame Power Adapter Hot-swappable* Redundant Power**	DMS/ EMS Marine & GPS Product* Automotive Radar Wearable Device * BLE related Consumer	*** 3.5inch ~ 19inch COG, FOG, POG Lamination, OCR Film on Sensor Glass* LCM assembly*

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Certification

• CERTIFICATIONS :

• » Taiwan Factory — ISO 9001

— ISO 14001

— ISO/TS 16949

— ISO 13485

— TL 9000

— UL / TUV

— SONY GP

— MFi Manufacturing

• » China Factory — ISO 9001

— ISO 14001

— ISO/TS 16949

— UL / TUV

— QC 080000

— SONY SPP

— OHSAS 18001

— MFi Manufacturing

• » Vietnam Factory — ISO 9001

— UL / TUV

— ISO 14001

— MFi Manufacturing

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2017 Sales Revenue Update

2017 ANNUAL SALES: US$121,821,970.

● By Territory

● By Product Line

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Magnetic Component Product

 Total Capacity: 20KKpcs/ month

RF Baluns/Transformers

SMD Transformer

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Common Mode Choke
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SMD Inductor

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ISDN S/U-interface Data Coupling
Transformers Transformers
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Common Mode Chock for
ADSL/VDSL
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Transformer for Power
Applications
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XDSL Transformers/POTS Transformer & Inductor
Inductors by Ringing Core Design
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Flat Wire
Common Mode Choke
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Transformer

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Magnetic Component Product

IC Manufacturer	Technical	Total Capacity : 20kkpcs per month. Telecom Transformers/Inductors : 9kkpcs per month (Ferrite EE5, EP7, EP10, EPX10, EP13, EPC13, RM4, RM5, RM6, TKH7---) LAN, ISDN, T1/E1, T3/E3 Transformers/Inductors : 3kkpcs/ per month (Ferrite Ring core T2.5~T10 ----) Power Transformers/Inductors : 8kkpcs per month (Ferrite EF16~EF32/11, EE40,-------)
ADI	HomePlug/VDSL2
Broadcom	ADSL/ADSL2+/VDSL2/ADSL2+/ VDSL3/G.FAST HomePlug/VDSL/VDSL2
Broadcom(Gigle)	HomePlug
Ikanos(Globespan)	ADSL/ADSL2+/G.SHDSL/VDSL
Ikanos(Globespan,Conexant)	ADSL2+/G.SHDSL/VDSL/VDSL2
Lantiq	Power
Intel ( Lantiq, Infineon)	ADSL/ADSL2+/MDSL/SDSL /VDSL/VDSL2/G.FAST
Level One	DDS
Marvell (DS2)	G.hn/HomePlug
MicroSemi (Zarlink, Legerity)	ADSL/ADSL2+/POTS
Mstar, Qualcomm(Atheros,Intellon), Silicon Labs	HomePlug
Realtek, Metanoia, Sckipio	G.FAST/VDSL2
Sigma Designs (CopperGate)	G.hn/HomePlug/HPNA3
Silicon Labs	VoIP (Power)
Texas Instruments, STM	Power
Teridian	Analog
Triductor, INTEL(Lantiq), Metanoia	VDSL2

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Power Supply Product

DC/DC Brick For Telecom / Datacom & Industrial Control System

AC / DC Adapter

Encapsulated 1/2, 1/4, 1/8 and 1/16 Brick series are available from 50W to 350W.

Adapters are available with power range from 3W to 160W.

For Telecom / Datacom & DC/DC Cu Case Industrial Control System

AC / DC Open Frame

I.T.E Power Supply are available with power range from 5W to 880W.

Industrial DC/DC Module series are available from 6W to 60W.

For Telecom / Datacom and Industrial Control System

Redundant(CRPS)

DC/DC Multilayer Converter

Redundant PoE Switch Application with range: from 250W to 2000W.

Hi Density DC/DC Board Mount Modules are available from 50W to 420W.

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For Datacom System
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For Color Laser Printer, Multifunction Printer

For Networking System

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Information & Communication Product

DMS/ EMS

• Marine Products

• GPS System

• Radar

• Fish Finder, Transducer

• Marine Chart Plotter

• Trolling Motor Control System

• Solid State Marine Radar

• Automotive Products

• Automotive FMCW Radar

• Car Multimedia System

• Power Lift Gate module

• Consumer Products

• Wearable & IOT Devices

• Controlling Center Platform & System in

• ZigBee/ Wi-Fi/BT

• Industrial Android Rugged Tablet Solution

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Automotive Radar Solution

RTCA DOW BSD/LCA FCW Camera BACKUP AID RCW FCTA Solution DOW BSD/LCA 79G SRR Function  Blind Spot Detection 77G MRR Sensor-Fusion RTCA  Lane Change Assistance  Front Cross Traffic Alert  Door Open Warning  Forward Collision Warning  Rear Cross Traffic Alert  Rear Collision Warning  Backup Aid

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LCM Process & Product

Polarize on Glass

Chip On Glass

Film On Board

Film On Sensor Glass

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FPC On Glass
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Lamination(OCR)

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Optical Communication

 Ultra High Speed AOC :

 HDMI, DVI, USB3.0, SFP+, QSFP+

 Component:

 CWDM/DWDM

 Fused Biconical Taper （ FBT)

Target Application:

 Medical Imaging Equipment

• Cloud Computing

• Telecommunications

• Conference Room Video System

• Factory Automation Systems

• LED signboards and Kiosk.

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8CH Compact
USB3.0 AOC
CWDM
(5Gbps)
SFP+ Transceiver QSFP+ Transceiver
(10Gbps) (40Gbps)
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AGENDA

3 市場佈局

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市場佈局

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MAGNETIC POWER ICP(EMS/ODM) OPTICAL LCM

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Finland
SWEDEN
Germany Russia
Belgium
UK
Belarus
France
Bulgaria
Italy
Japan
SPAIN China
Israel Korean
Taiwan
India
Vietnam
Singapore
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Mexico
Argentina
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AGENDA

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4 營運展望
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營運展望

環隆科技創立以來公司對產品的創新一直勇往直前,從不鬆懈, 如; 雲端數據中心伺服器及多埠交換機所使用的KW級的熱插拔冗 餘大電源供應器已被多家通訊交換機大廠所認證及採購. DC/DC直流轉換電源也積極佈局於鐵道應用,如車廂LED照明, 門控系統,空調系統,資料採集系統,鐵道交換機…等,在普通軍工 /工業則有車載及加固計算機…等,正在市場上順利推展。

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2018電磁產品銷售結構分析:

• 1.)通訊產品ADSL技術因市場轉移至VDSL為主流,較2017有近63%衰 退,VDSL技術仍為通訊產品主力佔整體營收達29.62%.

• 2.)下一代銅線寬頻通訊G.fast技術下半年有顯現成長力道,較去年(2017)同期 成長13.9%.但佔整體營收只有1.39%,後續此技術成長仍為可期,依市調機構報 告2019整體市場將有6倍成長.

• 3.)通訊產品往高頻化發展,線路對雜訊抑制的需求,促成CMC的需求與成長,整 體營收達5.97%,較2017有38.5%成長.

• 4.)電力線通訊產品,今年成長雖持平,但仍佔整體營收達6.75%.

• 5.)Osram照明用變壓器及電感均較2017年成長,分別為15.82%及21.58%,在 整體營收佔比上分別為27.22%及8.06%.

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營運展望

未來展望:

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公司跨足電磁領域超過三十年，擠身世界級前端供應商，長期與國際IC大 廠(Broadcom, Intel(Lantiq), Metanoia …etc.) 合作開發。隨著以下新技 術新產品的發展，電磁零件產業的發展未來仍具極強的成長性。 1.電力線通訊(PLC)市場在智慧電網(Smart Grid/Energy Meters)與智慧 家庭(Smart Home)的應用 需求正快速茁壯。

2.寬頻網路通訊由ADSL, VDSL, G.fast技術一路成長,目前隨育樂影音等對 網路頻寬的需求， 帶動市場不斷成長,環科持續發展用於G.FAST技術第二, 三代及G.fast結合DSL技術的磁性元件。另據市場研究公司Dell'Oro Group最新報告顯示，雖然起步較慢，但是由於運營商完成了G.fast Amendment 3修訂版芯片和系統的試驗和測試，預計G.fast收入將會增 長。 2019年G.fast收入預計將增長約600%。

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營運展望

• 未來展望: 3.配合4C產業的發展車用電子電磁元件,在車用通訊(控制器區域網路CAN), 倒車超音波雷達,電源管理,電動車的自動照明及電池充電等應用

• 4.配合光纖網路發展需求大量高頻變壓器(1G-10G)來配合。

5.環科已建立車用電子被動元件AEC-Q200驗證能力及IATF16949系統認 證, 供未來車用電子被動元件推展。

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營運展望

今年業務的檢討

1. 電源營收成長： 。 前十月累計銷貨共 9.23 億元，較去年同期 8.39 億元，成長 10% 2. 產品銷售組合優化： 提高毛利率較佳產品 DC/DC Converter 銷貨佔比，從 2016 年 7.9% ，到 。 2017 年 12.9% ，今年前十月則提高至 17.3%

產品分類	2016年	2017年	2018年
A/Dpower supply	28.4%	30.9%	28.9%
External Adapter	63.2%	55.6%	52.3%
D/D converter	7.9%	12.9%	17.3%

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營運展望

明年業務的展望 這幾年 UMEC 電源產品事業處不管在市場客戶端或新產品開發，都在努 力轉型中，以增加營收來提高各廠稼動率並改善毛利率。

1. 累積營收增加的動能： 開拓 D/D Converter 應用於軍功和軌道等市場，聚焦於網路通訊、醫療 設備與雲端運算、資料中心等設備建置之電源需求，並導入日本市場 等策略合作客戶。

2. 持續投入綠能產品開發： 今年十月底已完成經濟部能源局業界能專計畫：三相100KW「具電廠 級功能之太陽光電變流器」開發，並將持續關注LED照明、儲能應用和 。 風力發電等綠能產業等市場發展及產品需求

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營運展望

• 24GHz 汽車防撞雷達除國内車廠持續出貨外, 年底也將有中國前

• 裝車廠開始量產使用

• 77GHz 汽車雷達年底開始量產,涵蓋超短距,短距,及中長距的 ADAS 應用. 研發計畫將導入無人駕駛車雷達智慧導航。

• 因應全球法規(中國自2019年/歐美2020年起)强制商用車安裝警 示系統,77GHz 汽車雷達與影像偵測融合成功導入中國及歐美市場, 將於19年Q1開始出貨

• 各類海用及IoT應用之委託設計及代工產品，皆有不錯進展及成績。

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營運展望

光收發模組業務展望分析:

1、通訊市場預計在2019年就會進入5G，預計幾年Data Center數據傳輸量 呈現大幅成長，100G、400G光收發模組將大量使用於大型數據中心。 2、未來5G基地台密度將是原有4G數量倍數增加，同時傳輸速度之提升，頻 寬不斷升級，各大電信商的光收發模組需求也將倍增。 3、進入5G後將配合物聯網(IOT)將跨入各種應用，窄頻物聯網（NB-IoT） 陸續開始商用，客製化收發模組未來將帶入新產品多樣化的開發。

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108年業務展望

1、雖然8K電視（解析度7680 x 4320）市場才剛起步，但到2022年預計將 成長到500萬台以上。已推出18Gbps速率2.0產品，升級的HDMI 2.1頻寬可 達56G，能夠有效地支援8K解析度的視訊，滿足家用視頻傳輸的最高要求。

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營運展望

2、USB3.1主動光纜產品的開發，USB是跨平台整合最廣的連線介面，包括 手機、電腦、電視、車載等應用，其影響力遍及整個介面應用領，同時資料 傳輸量可到達10G。但消費者發現市場產品一般這個介面的速度僅僅只有5G， 因為大多電腦主機板及手機產品規格尚無法支援。 用戶對於硬體平台的速度追求將越來越苛刻，對資料存儲、手機及影像應 用等速度的要求將更加提高。在已經推出的10G USB產品上，未來計畫升級 至20G的速度，同時開發客製化的產品，在醫療系統、工業的自動生產、遠 距監控等應用能開發新的業務。

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營運展望

光被動零組件今年受到客戶去庫存化及整體國際市場需求趨緩影 響,1-10月營收台幣 8,415萬。

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營運展望

明年展望：

1. 全球因5G市場的啟動,由於高頻寬需求,將會帶動100G DWDM器件及模

• 組的需求大增,既有的100G器件及模組可望因此受惠。

2. 為符合未來設備商對零組件的小型化需求,目前也積極投入微型化的100G DWDM模組開發,屆時,亦能對營業收入有極大之貢獻。

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Thanks for Your Attention!