Safe Harbor Notice. MPI Corporation.

Transcription

1 MPI. (6223.TT) Safe Harbor Notice 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. 2 1

2 Company at a Glance Founded July, 25, 1995 Paid-in Capital NTD$ 795M ( the latest ) Employees 122 ( ) 3 Business Portfolio Q % 33% Q % 27% Q % 42% Q % 3% % 1% 2% 3% 4% 5% 6% 7% 8% 9% 1% Probe card LED 4 2

3 Net Sales by Geographic NT$ MM ,5 TW 16% Rest of Asia 18% USA 3% EU 2% Rest of SG Asia 7% 5% 4, 3,5 CN 65% TW 56% 3,826 3,969 3, 214 LED Equipment Div. 214 Probe card Div. 2,787 2,678 2,5 2, 1,5 1,697 1,749 1,519 1,645 1,412 1, Taiwan China Sigapore EU USA RoW Total % 24.1% 4.4% 1.4% 19.7% 4.3% 1% 5 Agenda Business Contents Semi-conductor (Probe Card) LED RF Probe & AST 6 3

4 Semi-conductor Internet of things Is Becoming The Next Growth Driver 8 4

5 28~215 Revenue of Wafer Foundry in China 1 billion RMB (E) 215(F) Revenue YoY -12.2% -17.1% 48.8% -2.3% 16.1% 15.% 9.6% 1.1% 6% 5% 4% 3% 2% 1% % -1% -2% -3% Source: Topology Research Institute,214/ ~215 Revenue of IC Manufacturing in China 1 billion RMB Revenue YoY 16.% 19.9% 12.5% 27.7% 3% 25% 2% 15% 1% 5% % Source: Topology Research Institute,214/12 1 5

6 Portable Devices Chip-Makers INTEL, 6.5% On Sep 25 th 214, Intel purchased 2% stakes of Spreadtrum INTEL,.% SPREADTRUM, OTHERS, 17.1% MEDIATEK, 14.4% OTHERS, 18.% MEDIATEK, 28.% 213 SPREADTRUM, 14.% 214 (F) QUALCOMM, 62.% QUALCOMM, 4.% Source: RBC Capital Markets & Economic Times 11 Product Mix of CPC (Cantilever) 9% 8% 7% 7% 66% 71% 77% Top 2 92% 6% 5% 4% 3% 2% 29% 33% 29% 22% Top 15 Top 1 82% 88% 1% % 1% 1% % 1% Q1'14 Q2'14 Q3'14 Q4'14 Top 5 7% LCD Driver IC Logic Niche Memory % 2% 4% 6% 8% 1% 12 6

7 CPC Pin-Shipment PIN 5, B/B Ratio , 4, 35, 3, 25, 2, 15, 1, ,.2 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. 13 VPC Pin-Shipment PIN 45, 4, B/B Ratio , 2. 3, 25, 2, 15, 1, , Jan. Feb. Mar Apr May Jun Jul Aug Sep Oct Nov Dec. 14 7

8 CPC and VPC Yearly Trend 212 ~214 PIN 6,, 5,, 6.8% 4,, 71.8% 65.5% 39.2% 3,, 2,, 1,, 28.2% 34.5% CPC 3,843,213 3,994,67 5,99,357 VPC 1,512,955 2,14,168 3,284, Gross Margin Between Competitors 6% 5% 4% 39.8% 5.1% 43.5% 49.4% 46.1% 43.2% 49.5% 42.7% 49.7% 49.1% 47.% 3% 2% 1% % -1% 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 FFI MJC JEM MPI 16 8

9 Operating Margin Between Competitors 3% 2% 1% 15.1% 8.7% 16.% 12.8% 11.9% 14.4% 14.6% 19.% %.6% 4.5% 7.6% -1% -2% -3% -4% -5% -6% 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 FFI MJC JEM MPI 17 LED 18 9

10 LED Top 1 Chipmakers and Packagers Company Name Headquarter Market Share % Company Name Headquarter 1. Epistar + Forepi Taiwan 14.6% 2. San an China 1.8% 3. LG Innotek South Korea 6.8% 4. Samsung LED South Korea 6.1% 5. Elec-Tech China 5% 6. Seoul Opto South Korea 4.3% 7. Lextar Taiwan 4.% 8. Tongfang Opto China 3.7% 9. Genesis Photonics Source: IHS Inc. 214 Q1 Taiwan 3.2% 1. Nichia Japan 2. Osram Germany 3. Samsung Electronics South Korea 4. Seoul Semi South Korea 5. Lumileds USA 6. Cree USA 7. LG Innotek South Korea 8. Everlight Taiwan 9. Toyoda Gosei Japan 1. MLS China 19 Flip-Chip is Becoming the Next Growth Die Bond Wire Bond Molding Testing & Sorting (Handler) SMD Series, XLamp Series and COB Series Taping 2 1

11 214 Shipment Amount Unit Shipment revenue Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Shipment Amount by Geographic Unit Taiwan China Over Sea Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 22 11

12 RF Probe & AST 23 RF Probe 24 12

13 AST 25 Who Are Our Target Customers? *IDM: Integrated Device Manufacturer. **OSAT: Outsourced Semiconductor Assembly and Test Stand alone Industrial Research facilities Gov t Labs and institutes University Research University Teaching Labs RESEARCH MARKET EDUCATION MARKET,

14 Thank you!