虹冠電子工業股份有限公司 Champion Microelectronic Corp 年法人說明會 2016 Investor Conference. November 28, 2016

Transcription

1 股票代號 Code:3257 工業股份有限公司 Champion Microelectronic Corp 年法人說明會 2016 Investor Conference President Haiping Dun PhD. Vice President Sandy Peng Spokesman November 28,

2 Safe Harbor Statement Champion's statements of its current expectations are forwardlooking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. Except as required by law, Champion undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise. 2

3 Brief Introduction Founded :Dec. 30, 1998 Capital :NT651,458 thousand USD 20,681 thousand) IPO :Mar. 21, 2011 Chairman: Liu, Ta-Kuang President: Dun, Haiping Ph.D. Product: AC-DC power management analog IC design Location: Headquarter:Hsinchu, Taiwan 5F, No. 11, Park Ave. 2, Science-Based Industrial Park Hsinchu, Taiwan Taipei Office 21F., No.96, Sec. 1, Sintai 5th Rd., Sijhih Dist., City, Taiwan US Office New Taipei 960 Saratoga Ave, Suite #125, San Jose, California, USA 3 3

4 Champion s Opportunities In 1998, Europe announced that 75W above electric appliances have to use Power Factor Correction (PFC) and many countries follow the rules, such as: Europe-EN UK-BSEN Japan-JIC-C China-CCC (China Compulsory Certificate) EPA Energy Star and 80 Plus PFC applications include LED lighting, household electric appliance, TV, LED display, cloud computing server power, Gaming power: X-Box Major national rules setting bring great opportunities for Champion 2013/3 CREE innovate in LED lamps (to reach PF 98%) 2013/11 draft EnergyStar DataCenter Storage 1.0 effective 2014/7 ErP PC EC 617/2013 effective 2007/7 EnergyStar PC 4.0 have to design in APFC 2013/3 EnergyStar Gaming1.0effective (EPS Lv5) 2014/9 draft EnergyStar Lamps 1.0 effective 4 4

5 Corporate Governance Evaluation Ranking Results Champion vs. other IC design industries Code Company Name 2015Y 2014Y Grade Grade 3257 Champion top 21%~35% A 3438 AAT top 21%~35% A Richtek top 21%~35% A APEC top 21%~35% A Silergy top36%~50% B 3588 LD un-top 50% A GMT un-top 50% A On-Bright un-top 50% B 5

6 Dividend History In NT$ Dividends Shareholders' Meeting Per Share Cash Dividend Amount Stock Dividend Amount Year EPS Cash Stock Total Total Dividend Dividend /6/ ,027,435 51,035,920 90,063, /6/ ,180,710 47,037, ,218, /6/ ,531,700 31,327, ,859, /5/ ,092,000 23,236,800 81,328, /6/ ,802, ,802, /6/ ,456, ,456, /6/ ,600,000 6,400,000 32,000,000 合計 ,690, ,038, ,728,805 6

7 5 yeas Income Statements In NT Thousand Item/Year Q3 Revenue 549, ,874 1,004, , ,067 Gross profit 255, , , , ,791 Gross Margin 46% 55% 57% 51% 50% Operating expenses 189, , , , ,655 Operating income 66, , , , ,136 Income before tax 116, , , , ,588 Net Income 115, , , , ,619 EPS (NT$) Capital 387, , , , ,457 Book value per share

8 Revenue & EPS Revenue (In NT$ thousand ) 1,200,000 EPS 6 1,000, , , , , YTDQ3 0 Revenue 549, ,874 1,004, , ,067 EPS (NT$) YTD Q3 Revenue NT617,948 thousand, EPS NTD YTD Q3 Revenue NT624,067 thousand, EPS NTD1.62 8

9 AC/DC vs. DC/DC 2016 Q3 vs.2015 Q3 Revenue by Product 2016 Q3 AC/DC vs. DC/DC Revenue Ratio 25% Reveune by Product 2016Q3 2015Q3 AC/DC 75% 83% DC/DC 25% 17% AC/DC DC/DC 75% DC/DC Sales by Revenue 2016 Q3 vs Q3 YoY 47% 2015 Q3 AC/DC vs. DC/DC Revenue Ratio 17% DC/DC Sales by Quantity 2016 Q3 vs.2015 Q3 YoY 62% AC/DC DC/DC 9 83% 9

10 High-end MOS Super Junction Growth Trend Selling into China Channel instead of Europe & US competitors successfully 2016Y vs. 2015Y momentous growth strength and has kept on growing, gross margin almost 30% 20,000 15,000 10,000 5, Y 2016Y Discrete-SJ Quantity Discrete-SJ Revenue 10

11 2016Y Monthly Revenue Statement in NT Thousand 800, , , , , , , , Average Amount 2016Y 81,952 62,003 66,865 73,773 65,352 65,312 68,557 68,999 71,251 70,178 69, , Y 76,044 60,235 63,783 70,075 73,506 69,581 67,735 68,912 68,068 73,426 69, ,374 YoY 5,908 1,768 3,082 3,698-8,154-4, ,183-3, ,871 YoY % 7.77% 2.93% 4.83% 5.28% % -6.13% 1.21% 0.11% 4.68% -4.42% 0.42% 0.42% 8,000 6,000 4,000 2, ,000-4,000-6,000-8,000-10, Y Jan. ~Oct. Monthly Revenue NT69,425 thousand on average 2015Y Jan. ~Oct. Monthly Revenue NT69,137 thousand on average YoY 0.42% 11 11

12 Product Applications LCD TV CM6807:PFC+standy-by CM6900/01:HB/FB Resonant converter Champion Micro LED Street light / 顯示屏.. CM6807:PFC+standby controller CM6901:For 150W~220W HB Resonant converter PC Computer CM6800:Combo PFC+PWM CM6802:Combo PFC+PWM CM6805:Combo PFC+PWM CM6502:PFC controller CM6901:HB/FB Resonant converter CM02/03:Switching controller CM11.6:Standby controller Cloud Computing Server Power CM6565:Interleaving DCM PFC CM6502:PFC controller CM6901:HB/FB Resonant converter Gaming Power CM02/03:Switching controller CM11.6:Standby controller CM6500/02:PFC controller CM6901:HB/FB Resonant converter, X-Box 1 12

13 Major Customers 13

14 AC-DC IC Products R&D Milestone 14 14

15 Champion Power Discrete Product Roadmap IGBT SiC Diode HV Schottky Diode SR MOSFET SJ (Multi EPI / Deep Trench) MOSFET PFC Diode HV VDMOSFET 2001 ~ ~ Year 15

16 節能減碳 綠色科技 的領航先驅 16 16

17 To Be Green Energy Innovator Your Power Solution Partner 17 17

18 Thank You For Your Attention 18