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ASMedia Technology 2017 Investor Conference
Date：5/11/2017
Disclaimer
The information presented and referred herein are based upon the information obtained internally and externally from our company. In light of the forward-looking operational results, financial condition and business results, they might be different from those information expressly or impliedly presented herein due to various factors, including but not limited to market risks, supply chains, market demand and our upcoming high-quality products. We undertake no obligation to publicly update or revise any statements regarding those information presented and referred herein in the event of any further changes or updates to the information presented herein.
Company profile and Milestones
Product and Application
Business performance
Q & A
3
Company profile
Established ：2004. 03.24
Capital ：NT$ 571 million
Employees ： 210
Chairman ：Jerry Shen
CEO ：Chewei Lin
Core Business ：
1.High speed interface controller
2.High speed device controller and others
Environment Friendly & Hazardous Material Free
High speed interface controller
74.5%
High speed device
controller and others
25.5%
2004
2007
2009
2011
2012
2012
2015
Asmedia was incorporated with a paid-in capital of NT$0.2 billion.
Increased paid-in capital to NT$0.4 billion by cash injection
Increased paid-in capital to NT$0.2 billion by cash injection
Increased NT$7.5 million through Employee Stock Warrants and cash injection , the paid-in capital amounted to NT$0.56 billion.
Asmedia becomes publicly traded Company in the Taiwan Stock Exchange Corporation.
Issuance of 732,000 shares for Employee Restricted Stock Award and paid-in capital increased to NT$0.57 billion.
Increased paid-in capital to NT$0.3 billion by cash injection
Company Milestones(Capital)
Company Milestones
200８ 201７
2009 Taiwan 1st USB3.0 certified chip vendor
2014 Demonstrate World
1st USB 3.1/10G Host & device controller
2012 Selected as Intel Thunderbolt Recommended parts
2011 KGD ASM1051
2015
World 1st USB3.1 Gen2 host & device Certified
2010 ISO 9001 Cetified
2011 USB3.0 Host controller Certified by USB IF
2014 SATA-Express MP RAID solution
2016
1st type C integrated USB3.1 Gen2 Device controller Certified and MP
2016
integrated high speed I/O Hub MP
Company Facts and Milestones
Product and Application
Business performance
Q & A
7
Technology roadmap
130nm 85nm 55nm
Gen2 Gen3
Process
Speed
Spec
Core Product and Application
High
speed
interface
controller
High speed
device
controller
and others
Product Product drawing
Switch
(25%)
PCIe
(50%)
Customer
USB
(25%)
External Device (HDD or SSD Enclosure/ Hub /Docking )
MB/NB/DT/ add-on card /Thunderbolt peripheral application
MB Host 2 ports Host
HDD
(NB&DT) External Device
for DT
USB 3.1 to
SATA
3Gb/6Gb
USB 3.0 Hub
Controller
NB DT Thunderbolt
MB
NB
DT/NAS
Embedded
Docking
ODM/OEM
Consumer
electronics
ODM/OEM
Global HDD/SSD
supplier
Company Facts and Milestones
Product and Application
Business performance
Q & A
10
Performance(1)-Revenue and Net Income
$11.89 $15.24 $15.56 $20.57 $6.98
$0.87
$2.28
$2.07
$3.50
$1.15
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
$0
$5
$10
$15
$20
$25
2013 2014 2015 2016 2017Q1
Revenue Net Income
Unit： NT$ 100M
Performance(2)-2017Q1 YoY Revenue and Operating Expense
Unit: NT$ K
YoY費用: +11%
YoY Rev : +68%
132,919 148,116
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2016Q1 2017Q1
Operating Expenses
$414,919
$698,488
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
2016Q1 2017Q1
Revenue
+ YoY OPX : +11%
Performance(3)-Sales breakdown
％
35 43
37
25
65 57
63
75
0
10
20
30
40
50
60
70
80
90
100
2013 2014 2015 2016
High speed interface controller High speed device controller and others
Performance(4)-Revenue by product
$0
$5
$10
$15
$20
$25
2013 2014 2015 2016
4.1 6.6 5.8 5.2
7.76
8.67 9.79 15.32
High speed interface controller
High speed device controller and others
Unit： NT$ 100M
Performance(5)- 2016 Income Statement
2016 2015
Item Amount %
Amount % YoY
Net Revenue 2,056,711 100% 1,555,521 100% 32%
COGS (1,083,092) -53% (817,854) -53%
Gross Profit 973,619 47% 737,667 47% 32%
Operating expenses (574,111) -28% (528,760) -34% 9%
Operating Income 399,508 19% 208,907 13% 91%
Net Non-Operating Income (1,275) 0% 26,284 2% -105%
Income before Income Tax 398,233 19% 235,191 15% 69%
Net Income 350,017 17% 206,566 13% 69%
EPS (NTD) 6.19 3.66
Unit: NT$ K
Performance(6)- 2017Q1 YoY Income Statement
2017Q1 2016Q1
Item Amount %
Amount % YoY
Net Revenue 698,488 100% 414,919 100% 68%
COGS (391,845) -56% (205,539) -50%
Gross Profit 306,643 44% 209,380 50% 46%
Operating expenses (148,116) -21% (132,919) -32% 11%
Operating Income 158,527 23% 76,461 18% 107%
Net Non-Operating Income (28,543) -4% (4,503) -1% 534%
Income before Income Tax 129,984 19% 71,958 17% 81%
Net Income 115,363 17% 62,374 15% 85%
EPS (NTD) 2.03 1.10
Unit: NT$ K
2014 2015 2016 2017Q1
Item Amount %
Amount % Amount %
Amount %
Current Asset 1,288,014 88% 1,416,500 87% 1,743,586 87% 1,849,698 88%
Fixed Asset 95,897 7% 121,169 7% 154,962 8% 153,238 7%
Intangible assets & Others 81,411 6% 87,214 5% 104,344 5% 101,230 5%
Total Assets 1,465,322 100% 1,624,883 100% 2,002,892 100% 2,104,166 100%
Current Liabilities 219,922 99% 279,123 100% 446,420 100% 429,412 100%
Non-Current Liabilities 1,674 1% 204 0% 134 0% 134 0%
Total Liabilities 221,596 15% 279,327 17% 446,554 22% 429,546 20%
Total Equity 1,243,726 85% 1,345,556 83% 1,556,338 78% 1,674,620 80%
Performance(7)-Balance Sheets
Unit: NT$ K
Performance-Consolidated Income Statement
2014 2015 2016 2017Q1
Item Amount %
Amount % Amount %
Amount %
Net Revenue 1,523,927 100% 1,555,521 100% 2,056,711 100% 698,488 100%
COGS (886,983) -58% (817,854) -53% (1,083,092) -53% (391,845) -56%
Gross Profit 636,944 42% 737,667 47% 973,619 47% 306,643 44%
Operating expenses (416,598) -27% (528,760) -34% (574,111) -28% (148,116) -21%
Operating Income 220,346 14% 208,907 13% 399,508 19% 158,527 23%
Net Non-Operating Income 42,125 3% 26,284 2% (1,275) 0% (28,543) -4%
Income before Income Tax 262,471 17% 235,191 15% 398,233 19% 129,984 19%
Net Income 228,022 15% 206,566 13% 350,017 17% 115,363 17%
EPS (NTD) 4.04 3.66 6.19 2.03
Unit: NT$ K
