旺矽科技股份有限公司 6223.TT

櫃買市場業績發表會

6th Apr. 2017

2

Presentation Disclaimer

The information herein contains forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us, including, among other things: the intensely competitive Semi-conductor, and LED industries and markets; Cyclical nature of the semiconductor industry; Risks associated with global business activities; General economic and political conditions. All financial figures discussed herein are prepared pursuant to IFRS. All audited figures will be publicly announced upon the completion of our audited process.

公司簡介

3

Founded July, 25, 1995

Paid-in Capital NTD$ 796M (2017.3.31-the latest )

Employees 1454 (2017.3.31)

1995 2001

MPI Corporation Founded

Photonics Automation Division Established

2003

MPI on Taiwan OTC

2014

Advanced Semiconductor Test (AST) Division Established

2015

Thermal Test Division Established

營業內容

4

67% 70%

73% 68%

30%

18% 20%

25%

3% 3%

7% 7%

0

200,000,000

400,000,000

600,000,000

800,000,000

1,000,000,000

1,200,000,000

1,400,000,000

1,600,000,000

1,800,000,000

0%

10%

20%

30%

40%

50%

60%

70%

80%

2016' Q1 2016' Q2 2016' Q3 2016' Q4

Probe Card LED New Business Unit Revenue

營收分布

5

NT$ MM

China

54%

Malaysia

30%

Taiwan

9%

Europe

4%

Rest of

Asia 3%

Taiwan

65%

USA

22%

Europe

2%

China

3% Rest of

Asia

8%

2016 Probe card Div.

2016 LED Equipment Div.

2016 51.9% 15.4% 17.0% 15.7% 100%

1,519

576 420

272

2,787

1,697

958 783

531

3,969

1876

801 581 530

3,788

2178

647 713 660

4,198

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

TAIWAN CHINA USA RoW Total

2013 2014 2015 2016

Business Contents Semi-conductor (Probe Card)

Photonics Automation (LED)

Thermal & AST

Financial Statements

6

議程

半導體事業部 (探針卡)

7

櫃買市場業績發表會

6th Apr. 2017

全球探針卡市場概況

8

Probe Cards

Memory

Applications

Epoxy /CPC

Advanced P/C

Non-Memory

Applications

Blade/ Tungsten

Epoxy/

Cantilever

Advanced Probe

Cards

$1.3 billion in 2015 CAGR 5.1% 2015-2020

40%

60%

前十大探針卡供應商 (2009-2015)

(Rank) 2009 2010 2011 2012 2013 2014 2015

FormFactor, Inc. USA 1 1 2 2 1 1 1

Micronics Japan Co., Ltd. Japan 2 2 1 1 2 2 2

Technoprobe Italy 4 4 4 4 3 3 3

Japan Electronic Materials Japan 3 3 3 3 4 4 4

MPI Corporation Taiwan 6 5 6 6 5 5 5

Cascade Microtech USA 8 10 10 8 8 7 6

SV TCL Singapore 5 6 8 9 10 9 7

Will Technology Korea 7 7 7 5 6 10 8

Korea Instrument (KI) Korea 10 8 5 7 9 6 9

Microfriend Korea 9 9 9 10 7 8 10

9

CPC & VPC

CPC VPC

出貨產品結構及主要客戶

11

71% 70%

64% 65%

28% 29%

35% 34%

1% 1% 1% 1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

16'Q1 16'Q2 16'Q3 16'Q4

LCD Driver IC Logic Niche Memory

75%

86%

91%

94%

0% 20% 40% 60% 80% 100%

Top

05

Top

10

Top

15

Top

20

CPC月出貨針數及月接單出貨比

12

PIN

1.04

1.11

0.83

0.50

0.60

0.70

0.80

0.90

1.00

1.10

1.20

0

100,000

200,000

300,000

400,000

500,000

600,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 2016 2017 B/B Ratio

VPC月出貨針數及月接單出貨比

13

PIN

1.13

1.56

1.03

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

0

100,000

200,000

300,000

400,000

500,000

600,000

Jan. Feb. Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 2016 2017 B/B Ratio

CPC及VPC成長趨勢

14

PIN

46%

45%

44%

46%

40

41

42

43

44

45

46

47

48

49

50

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2013 2014 2015 2016

CPC VPC Gross Margin

38.1%

%

65.6%

34.4%

61.9%

61.4%

38.6%

49.4%

50.5%

全球同業毛利率比較

15

47.0%

42.2%

46.2% 46.6%

45.4%

40.8%

44.5% 46.7%

44.0%

49.7%

0%

10%

20%

30%

40%

50%

60%

14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4

F M J MPI

全球同業營利率比較

16

19.0%

9.9% 10.4% 10.7%

9.0%

1.8%

6.9%

13.7%

16.7% 15.6%

-30%

-20%

-10%

0%

10%

20%

30%

14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4

F M J MPI

發光二極體事業部 (LED)

17

櫃買市場業績發表會

6th Apr. 2017

LED事業部概覽

18

RD > 200

8 BUs

Product LED, PD, LD, OLED, µLED or other

Production Capacity > 150/month

Green

部門里程碑

19

推出第一台半自動LED晶圓點測機

推出LEDA品牌

PA部門成立 推出自動化光學檢測(AOI)系列

推出3GP 點測機系列及M76 挑揀機

推出T200 Tester及晶粒點測機 (DP76)系列

挑揀速度突破85ms

部門英文名稱改為 “Photonics Automation”

全球累計銷售突破10,000 台點測機(Prober)

推出M60D全自動高速挑揀機並同時突破55ms挑揀速度

正式推出SkyWalker品牌

主要產品線

20

Probing System Wafer Flip chip Single die Package Probing Panel Bottom probing Single package

Testing System Mass production software Integrated spectrum meter Integrated source meter Package Testing From low to high power

Chip Sorting Mapping sorter Package Level Chip Scale Package (CSP) Foil to Foil (FTF)

Inspection System Chip after dicing Chip after sorting

Wafer Tape Die Packaging Substrate Photodiode(PD) LED Package Probing

最大至8吋量測完整解决方案

21

3GS

P7202

P80C4

A2000P

M76FP M76V

4G

P7602P

P9000

P9000

P9002 4G

NEW

M60D

A3000

NEW

2016年每月出貨數量

22

Unit

(741) (953)

130

16

104

37

7

108

180

49

16

30 26

38

10

43

196

73

108

139

81

8

66

104 116

9

66 67

0

50

100

150

200

250

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2015 2016 2017

28% YoY

LED 2017年目標市場

23

IR LED Inside-out Tracking : HTC Vive Outside-in Tracking : Oculus Rift (Facebook) More Manufacturers: Tencent, Nitendo, Microsoft and Dell

Automotive

Night Vision, Reverse Radar to Panorama View for Autopilot System IR LED

Eye Scanning for E-wallet

IR LED (Fujitsu and Samsung)

VR (2016 Market size 14m USD)

新產品事業部 (Thermal/AST)

24

櫃買市場業績發表會

6th Apr. 2017

Thermal

25

http://www.mpi-thermal.com/media/

• Market size: roughly USD$30m • Industries: Telecom / Automotive

AST

• Market size: roughly USD$120m

• Industry: Foundry/IC design houses’ engineering stage process

26

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櫃買市場業績發表會

6th Apr. 2017

財務報表

資產

Amount: NT$ Million 2016 2015

Cash and Cash Equivalents 749 10% 473 7%

Fixed Assets 3,602 50% 3,505 53%

Total Assets 7,264 100% 6,651 100%

LT Debt 240 3% 250 4%

Shareholders' Equity 3,959 54% 3,684 54%

EBITDA 651 359 *EBITDA=operating income + depreciation & amortization expenses

28

營收

29

NT$1,000

Net Sales 4,961,755 100% 4,013,170 100%

Cost of Goods Sold 2,665,069 54% 2,220,098 55%

Gross Profit 2,296,686 46% 1,793,072 45%

Operating Expense 1,610,920 32% 1,476,271 37%

Operating Income 685,942 14% 319,840 8%

Investment Income & Others -34,454 39,674

Net Income (before tax) 560,837 11% 294,141 7%

EPS (before tax) 7.09 3.71

2016 2015

Net Sales NT$ 1,000

0

100,000

200,000

300,000

400,000

500,000

600,000

Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec.

2013

2014

2015

2016

Thank You

http://www.mpi-corporation.com