ELAN Microelectronics Corp. 2Q15 Investor Conference 2015/08/04 1
Sales Breakdown by Product Line (Consolidated) Sales: NT$M 7,795 7,686 1,706 2,113 2,001 1,866 1,684 1,519 Touch: Touchscreen Chip, Touchpad, Fingerprint ID Non-touch: MCU, PC Peripheral, Consumer, Pointing Stick, Affiliated Co. Products 2
2Q15 Income Statement YoY Comparison (Consolidated) NT$M 2Q15 % 2Q14 % YoY(%) Sales 1,519 100 2,113 100 (28) Gross profit 643 42 985 47 (35) Sales expense 78 5 162 8 G&A expense 80 5 86 4 R&D expense 303 20 309 15 Operating profit 182 12 428 20 (57) Non-operating income & exp. (2) (0) 107 5 Profit before tax 180 12 535 25 (66) Net profit 144 10 440 21 (67) Belong Parent company 160 462 Non-Controlling Interests (16) (22) * EPS (NT$) 0.38 1.12 (66) * Based on the current 441 million shares (Unreviewed) * Based on the weighted average number of shares outstanding 3
2Q15 Income Statement QoQ Comparison (Consolidated) 2Q15 % 1Q15 % QoQ(%) Sales 1,519 100 1,684 100 (10) Gross profit 643 42 782 46 (18) Sales expense 78 5 99 6 G&A expense 80 5 81 5 R&D expense 303 20 315 19 Operating profit 182 12 287 16 (37) Non-operating income & exp. (2) (0) (9) 0 Profit before tax 180 12 278 16 (35) Net profit 144 10 222 13 (35) Belong Parent company 160 246 Non-Controlling Interests (16) (24) NT$M * EPS (NT$) 0.38 0.59 (36) * Based on the current 441 million shares (Unreviewed) * Based on the weighted average number of shares outstanding 4
1H15 Income Statement YoY Comparison (Consolidated) NT$M 1H15 % 1H14 % YoY(%) Sales 3,203 100 3,819 100 (16) Gross profit 1,425 45 1,769 46 (19) Sales expense 177 6 261 7 G&A expense 161 5 166 4 R&D expense 618 19 605 16 Operating profit 469 15 737 19 (36) Non-operating income & exp. (11) (0) 158 4 Profit before tax 458 15 895 23 (49) Net profit 366 12 735 19 (50) Belong Parent company 406 782 Non-Controlling Interests (40) (47) * EPS (NT$) 0.97 1.90 (49) * Based on the current 441 million shares (Unreviewed) * Based on the weighted average number of shares outstanding 5
Balance Sheets Jun. 30, 2015 (Consolidated) NT$M Current assets 8,070 Cash and cash equivalents 2,370 Current financial assets 552 A/R&A/N 1,092 Inventory 1,199 Other current assets 25 Other current financial assets 2,832 Non-current financial assets 1,282 Fixed assets 641 Other non-current assets 351 Total Assets 10,344 Current liabilities 3,214 Non- current liabilities 507 Total Liabilities 3,721 Capital stock 4,411 Capital surplus 923 Retained earnings 1,552 Other equity interest 205 Treasury stock (481) Non-controlling interests 13 Total Stockholders' Equity 6,623 6 (Unreviewed)
Cash Flow Statement Jun. 30, 2015 (Consolidated) NT$M Income before tax 458 Dep & Amort. 74 Dec.(Inc.) of A/R & N/R 195 Dec.(Inc.) of inventory (4) Dec.(Inc.) of investments-trading 76 Others (137) Operating cashflow 662 Inc.F/A (12) Dec.(Inc.) of investments (31) Dec.(Inc.)Time deposit with maturity over three-month 533 Acquisition of intangible assets (11) Others 7 Investment cashflow 486 Inc.(Dec.) in short-term loans payable 72 Inc.(Dec.) in guarantee deposits (9) Financing cashflow 63 Change in cash 1,211 Beg. Cash 1,159 End Cash 2,370 (Unreviewed) 7
ELAN, Enabling Smart TM Devices 2-in-1 & NB Tablet Smart Phone Smart-Touchscreen TM Any Pen/Active Pen Smart-Pad TM Smart-Pointing Stick TM Smart-LightingPad TM Smart-ID TM Pad Smart-Force Pad TM Smart-Touchscreen TM Any Pen Smart-Active Pen TM Fingerprint Smart-ID TM Smart-Gesture TM Smart-Force TM Smart-Touchscreen TM Any Pen Smart-Active Pen TM Fingerprint Smart-ID TM Smart-Gesture TM Smart-Force TM 8
Newly Launched Smart Phones with Smart-Touchscreen TM Sony E4g 4.7 Sony E4 5 LG X160C4 5 Sony Xperia C4 5.5 9
Smart-Touchscreen TM Single Layer Multi- Touch Solution for Ultra-Slim Border Feature Caterpillar Sensor Pattern Sony C5 Ultra 6 10
Pen Input Trend Microsoft Surface Line is heavily invested in Pen Input and transitioning to Active Capacitive with their release of Generation 3 Surface Pro The market demand is for scalability, with Electro Static as the optimal pen technology INTEL proposal of Universal Pen Concept Active Stylus 11
Distinguished Tablet Models with Smart-Touchscreen TM ACER Citizen 2.0mm Passive Stylus ASUS Z380KL/K/C/CG On Cell Multi-Touch 12
ELAN s Smart-Touchscreen TM Solution: Touch, Passive, and Active Pen on 2-in-1 Dell Inspiron 13 7000 Series HP Spectre x360 Passive stylus HP Pavilion x360 Convertible Demo And many more to come with Win 10! 13
Touch NB Percentage by Type 14
ELAN s Universal Pen/Touch Goal Pen 1 Pen 2 Pen 3 Passive Pen Universal Controller USI ELAN Touch Solution Smart Phone Tablet NB AIO 15
Phone model Iphone5S/6/6+ Meizu MX4 Pro Samsung S6 Huawei Mate 7 OPPO N3 LeTv Max Alg. vendor Authentec Goodix Egis PB PB PB Sensor Vendor Authentec (apple) Goodix Synaptics FPC (1020) FPC (1021) FPC 1025 Pixel Array 88*88 96*96 144 * 64 192*192 160*160 160*160 HTC M9+ Nubia Z9 Coolpad TipTop Pro OPPO R7+ Gionee E8 Huawei Honor 7 Meizu MX5 PB PB PB PB PB PB PB FPC1150 FPC(1140) FPC1025 FPC1025 FPC1021 FPC1025 FPC1155 208*80 192*56 160 * 160 160 * 160 160 * 160 160 *160 208* 80 16
Finger Print Reader Location 17
ELAN s Smart-ID TM Module Fingerprint sensor module FAC-120S/120C Capture area: 6x6 mm FAC-160S Capture area: 8x8 mm Silver Gold White Black FAC-820R Capture area: 4x10.5 mm FAC-519R Capture area: 2.6x9.8mm Specially formulated Epoxy resin and SiP packages available in surface staining, and the hardness is Mohs 6H of synthetic material, with advantage that the acid and alkali, and resistance to scratch. 18
FPR Comparison Table ELAN FPC Surface Coating / Sapphire Coating Algorithm Startek / PB PB Sensor Size (Pixel Array) FAC-120S (120*120) FAC-120C (120*120) FAC-160S (160*160) FAC-820R (80*208) FAC-519R(56*192) FPC1020 (192*192) FPC1021 / FPC1025 (160*160) FPC1150 / FPC1155 (80*208) FPC1140 / FPC1145 (56*192) FPC1022 / FPC1035 (88*112) PKG type SiP(system in package) No external components FPC2050 enhance IC ESD 15KV air W/O bezel Bezel is needed Hardness 6H 5H Noise Immunity Excellent Noise-Sensitive Process 0.35u 5M 0.18u 6M New Feature Under Glass NA 19
Smart-ID TM Business Models 1. Wafer ( Die ) 2. LGA Package 3. Molding Strip 20
Q & A