Faraday Technology 2008-Q3 IR Conference

Transcription

1 Faraday Technology IR Conference Oct 24, Q3 智原科技法人說明會 日期 : 2008 年 10 月 24 日 ( 星期五 ), 2:30 4:00 p.m. 地點 : 宏遠證券七樓會議室 ( 台北市信義路四段 236 號 ) 議程 : 2:30 2:40 p.m. 開場介紹 ( 黃其益副總 ) 2:40 2:50 p.m. 財務分析 ( 曾雯如部長 ) 2:50 3:00 p.m. 業務分析 ( 黃其益副總 ) 3:00 3:20 p.m. 業務展望 ( 黃其益副總, 張淑珍副部長 ) 3:20 4:00 p.m. Q&A Excel Your Idea to Silicon 2 1

2 Faraday s Business: & ASIC Licensing & Royalty customers handle their own chip integration, production & logistics Faraday's ASIC Design NRE Customer Logic ASIC Mass Production Mask (TCE, PSMC) Foundry (UMC) Packaging (SPIL, ASE) Testing (KYEC, etc.) Business leverage & scale ASIC mass production business gives us the scalability to grow license business 100% gross margin gives us the leverage for solid business model Excel Your Idea to Silicon 3 Financial Results Grace Tseng ( 曾雯如部長 ) 2

3 Faraday Operating Results Summary Unit: Million NTD 2008-Q Q3 Net Operating Revenues 1,473 1,188 1,401 Net Income EPS (NTD) Cash & Cash Equivalents 1,157 1,863 1,530 Total Assets 7,081 8,006 7,855 Total Liabilities 1,569 2,662 1,454 Stockholders Equity 5,512 5,344 6,401 Excel Your Idea to Silicon 5 Faraday Income Statement - QoQ Unit: Million NTD % 2008-Q2 % Change % Net Operating Revenues 1, , Gross Margin Operating Expenses (423) (28.7) (358) (30.1) Selling Expenses (16) (1.1) (19) (1.6) (15.8) - Administrative Expenses (58) (3.9) (40) (3.4) R&D Expenses (349) (23.7) (299) (25.1) 16.7 Operating Income Net Non-Operating Income (Loss) (16) (1.3) (196.8) -Interest Income Investment Gain (Loss) (12) (1.0) (100.0) - Foreign Exchange Gain (Loss) Inventory Obsolescence (13) (0.9) (11) (0.9) Others (2) (0.2) (750.0) Income Tax Benefit (Expense) (1) (0.1) (1) (0.1) 0.0 Net Income EPS (NTD) Excel Your Idea to Silicon 6 3

4 Faraday 2008-Jan.~Sep. Income Statement - YoY Unit: Million NTD 2008 Jan.-Sep. % 2007 Jan.-Sep. % Change % Net Operating Revenues 3, , Gross Margin 1, , (10.1) Operating Expenses (1,213) (31.8) (969) (26.2) Selling Expenses (98) (2.6) (82) (2.2) Administrative Expenses (158) (4.1) (135) (3.6) R&D Expenses (957) (25.1) (752) (20.4) 27.3 Operating Income (47.2) Net Non-Operating Income (Loss) (74.9) -Interest Income (13.6) - Investment Gain (Loss) (74.6) - Foreign Exchange Gain (Loss) (1) (0.0) (1,000.0) - Inventory Obsolescence (39) (1.0) (14) (0.4) Others (10) (0.3) (190.0) Income Tax Benefit (Expense) (2) (0.1) (3) (0.1) (33.3) Net Income , (55.4) EPS (NTD) Excel Your Idea to Silicon Sales Breakdown George Hwang ( 黃其益副總 ) 4

5 Sales Breakdown By Billing Methods - QoQ 2008-Q2 11.1% Design Service 4.0% ASIC MP 84.9% Design Service 6.8% 14.6% ASIC MP 78.6% Excel Your Idea to Silicon 9 Sales Breakdown By Customer Type - QoQ 2008-Q2 System House 45.4% Design House 48.0% System House 46.7% Design House 45.7% Foundry 6.6% Foundry 7.6% Excel Your Idea to Silicon 10 5

6 ASIC Sales Breakdown By Geography - QoQ 2008-Q2 China 12.3% China 11.8% Europe 17.4% Korea 0.6% Japan 4.6% USA 17.7% Taiwan 47.4% Europe 12.4% Korea 2.0% Japan 4.7% USA 16.7% Taiwan 52.4% Excel Your Idea to Silicon 11 ASIC Sales Breakdown By Application - QoQ 2008-Q2 Others Display 3.0% 5.2% Peripheral / Storage 16.0% Display 4.1% Others 3.6% Peripheral / Storage 25.9% Consumer 21.0% Consumer 14.4% Multimedia 17.5% Communic ation 37.3% Multimedia 20.2% Communic ation 31.8% Excel Your Idea to Silicon 12 6

7 ASIC Sales Breakdown By Technology - QoQ 0.35um 9.2% 2008-Q2 >0.45um 5.5% 90nm >0.45um 90nm 0.2% 7.0% 0.3% 0.13um 0.13um 0.35um 19.7% 24.6% 9.1% 0.25um 9.9% 0.22um 1.8% 0.162um 3.5% 0.25um 14.2% 0.162um 8.4% 0.22um 1.5% 0.18um 45.3% 0.18um 39.8% Excel Your Idea to Silicon 13 Royalty vs. Revenue - YoY 2008-Jan.~Sep Jan.~Sep. Licensing 74.1% Royalty 25.9% Licensing 74.8% Royalty 25.2% Excel Your Idea to Silicon 14 7

8 Faraday s High-speed IO Introduction Elly Chang ( 張淑珍副部長 ) Faraday s Opportunity in SoC Library / Memory HSIO Logic Peripheral CPU/DSP The trend of much higher design cost in advanced process forced system / fabless companies to focus on the software differentiation and core design The customers can leverage 3rd parties design service and, like library, memory, peripheral, and HSIO to reduce the design cost and risk Excel Your Idea to Silicon 16 8

9 Market Trend to Higher-speed Interconnect Majority Interface Baudrate 12 Baudrate (Gbps) Mobile Consumer Networking *Faraday internal data Increasing performance in computer system from CPU, memory, to all peripherals; data interface to be improved as well Increasing capacity in data storage stimulates the requirement for faster data transmission Increasing content richness in multi-media applications Excel Your Idea to Silicon 17 Faraday s HSIO Development Rich success experiences in HSIO USB more than 250 million ASIC chips shipment SATA - more than 6 million ASIC chips shipment PCIe expected to get 10 projects in 2008, to be mass production in 2009 Faraday is committed to develop HSIO internally to provide the best cost/performance for customers Keep investment in developing leading edge architecture and technologies for networking applications, which can then be leveraged to consumer and mobile applications Excel Your Idea to Silicon 18 9

10 Faraday s HSIO Technology Roadmap Networking 2.5G 2.5G/3.125/6.4G 6.4G 11G 8G/10G/11 G Consumer 1.5G/2.5G/3G 1.5G/2.5G/3G/5G 6G 2.5G/3G/5G/6G 11G 8G/11 G SATA II PCIE Gen1/Gen2 USB2.0 GPON/GEPON SGMII SATA II PCIE Gen1/Gen2 USB3.0 SDH 2.5G OIF-CEI-2 6G XAUI SATA III PCIE Gen2 PCIE Gen3 SDH 10G CPRI OIF-CEI-2 11G 45nm 130nm 55nm 90nm Excel Your Idea to Silicon 65nm 19 Business Outlook George Hwang ( 黃其益副總 ) 10

11 Q4 Business Outlook ASIC MP revenue is expected to be weaker in Q4 compared to Q3, followed the same historical pattern Gross margin is expected to be higher in Q4 due to the product mix change, and the continual effort in driving cost reduction New product for display initiates mass production in Q4 More high-potential volume and advanced-process projects to be taped out in Q4 Excel Your Idea to Silicon 21 For more information, please visit: Or contact: Dr. George Hwang, VP & Spokesperson Grace Tseng, Finance Director Jumei Shih, IR Manager +886.(0) ext.8982 / IR@faraday-tech.com 11