WTC — Management Reports 2018

Aug 24, 2018

==> picture [93 x 26] intentionally omitted <==

==> picture [420 x 33] intentionally omitted <==

Copyright[©] by Walsin Technology Corporation | All rights reserved.

==> picture [368 x 45] intentionally omitted <==

JP Morgan 4th Annual Asia Tech Tour

==> picture [161 x 48] intentionally omitted <==

( : 2492.TW)

華新科技份有限公司 2018 年8 月 27 日

==> picture [12 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

Copyright[©] by Walsin Technology Corporation | All rights reserved.

Contents

1. 營收表現

2. 推動未來成長之關鍵應用 3. 被動元件巿場展望 4. 華新科技短至中期經營重點

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

華新科2016~2018年第二季_各季度合併財務表現

單位：台幣百萬元；每股盈餘為元

==> picture [747 x 354] intentionally omitted <==

註：本公司於8/6依規定公布2018年7月份營運成果如下：營業收入 5,507百萬元；稅前淨利 3,531百萬元(稅前淨利率64.1%)；稅後淨利 2,729百萬元(稅後淨利率49.6%)；每股盈餘 5.65元

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

2013 ~ 2018年7月 _月合併營收成長趨勢

100 Million (NTD) 台幣億元

==> picture [678 x 409] intentionally omitted <==

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

2015~2018年第二季_各季營收、毛利及營業淨利趨勢

==> picture [379 x 216] intentionally omitted <==

==> picture [379 x 225] intentionally omitted <==

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

營業毛利
----- End of picture text -----

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

單位：台幣百萬元 營業收入

營業淨利

==> picture [62 x 17] intentionally omitted <==

2018年1H華新科各區域及通路銷售比重

2018年1H各區域銷售金額比重

==> picture [266 x 251] intentionally omitted <==

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

美洲
4%
歐洲
3%
亞洲
12%
大中華地區
81%
----- End of picture text -----

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

2018年1H各通路銷售金額比重

==> picture [234 x 234] intentionally omitted <==

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

品牌代工
4.7%
直銷
48.5%
經銷
46.8%
----- End of picture text -----

==> picture [62 x 17] intentionally omitted <==

2018年1H華新科各終端應用銷售比重

2018年1H各終端應用銷售比重

==> picture [356 x 339] intentionally omitted <==

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

車用
5.5%
消費性電子
14.7%
網通
28.8%
電腦暨週邊
22.0%
工業用
29.1%
----- End of picture text -----

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

推動未來成長之關鍵應用

==> picture [229 x 19] intentionally omitted <==

==> picture [12 x 16] intentionally omitted <==

==> picture [297 x 470] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

全球聯網汽車市場

==> picture [480 x 315] intentionally omitted <==

 隨著全球定位系統和其 他駕駛輔助服務的增強， 聯網汽車的巿場需求持 續飆升，預計2020年聯 網汽車將佔全球9200萬 輛汽車的75％

 根據Stratistics MRC， 2017年至2026年間全球 聯網汽車市場將以16.1％ 的年複合增長率成長。

資料來源 : Mordor Intelligence, Mar, 2018

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

全球5G連接巿場

全球5G連接巿場

==> picture [428 x 308] intentionally omitted <==

 初期5G服務可能會在2018年 年末在美國率先出現，但在 韓國､日本及美國等市場陸續 部署後，中國將迅速取得領 先地位。

 根據IDC預估，2018年智慧型 手機出貨量將達到14.62億支。 出貨量將從2019年開始穩步 上升，並在2022年達到16.54 億支。

 印度､5G和6英吋大顯示面板 將推動2019年智慧型手機銷 量。

資料來源 : CCS Insight, April 6, 2018, and IDC, May 31, 2018

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

全球 IoT 巿場

• 物聯網市場預計將 從2016年的1570億 美元產值上升至 2020年的4570億美 元，實現28.5％的複 合年增長率。

 主要應用領域包括 智慧城市，工業物 聯網，醫療健康， 智慧家庭，聯網汽 車和可穿戴設備。

Data source: GrowthEnabler & MarketsandMarkets analysis, Jan. 2018

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

被動元件巿場展望

• 受內建與外接式聯網車用需求將持續增長影響，聯網車用級被動元 件的供應將持續吃緊。

• 自2018年中開始，5G及其週邊衍生應用的需求將飛速成長。

• 全球被動元件的供給將持續受限於設備交期､原材料和有限的產業 人才，其中尤以MLCC情況為最。

• 至目前為止，巿場上沒有新的有能力提供大規模品質可靠的完整系 列產品的被動元件供應商。

• 也因此，本公司預估被動元件的供應將長期吃緊，並在未來成為常 態。 市場需求則可能受到短期區域經濟的影響略有波動。

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

全球MLCC供需情況預估

全球 MLCC 供給 vs. 需求 預估

==> picture [600 x 224] intentionally omitted <==

==> picture [535 x 33] intentionally omitted <==

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

2016 2017 2018e 2019e 2020e
Total world wide shipment quantity (Bpcs) Total world wide demand quantity (Bpcs)
----- End of picture text -----

資料來源 : 華新科技 2018 年 8 月

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

華新科技短至中期經營重點

• 擴大產能並重新佈署各廠產能以滿足市場需求並最大限度地減少 潛在的區域影響。

• 繼續投資於產品研究發展，其中尤以MLCC系列產品之研發為最， 以彌補巿場結構性瓶頸。

• 來自於車用MLCC､車用晶片電阻擴展､ 5G天線和RF元件解決方案 等方面更好的產品組合。

• 透過PSA平台進行產品整合以拓展電感器和射頻解決方案之供應。

• 積極聚焦於日本重點客戶的滲透率。

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==

謝謝

本資料均屬機密，僅供指定之收件人使用，未經寄件人許可不得揭露、複製或散佈本信件。

This message and any attachments are confidential and may be legally privileged. Any unauthorized review, use or distribution by anyone other than the intended recipient is strictly prohibited. If you are not the intended recipient, please immediately notify the sender, completely delete this documents, and destroy all copies. Your cooperation will be highly appreciated.

==> picture [229 x 19] intentionally omitted <==

==> picture [18 x 16] intentionally omitted <==

==> picture [62 x 17] intentionally omitted <==