Slide 1: 2025 Q1 Earnings Updates
Drive for better vision : HIMX 2025 Q1 Earnings Updates
Slide 2: Forward Looking Statements
Forward Looking Statements Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the
Slide 3: 2025 Q1 Financial Summary
2025 Q1 Financial Summary Revenues at high end; GM in-line; Profits 2025 Q1 Sales & Breakdown exceeded guidance 11.6% Revenues $215.1M LDDIC • -9.3% QoQ; +3.7% YoY $25.0M • Guidance: Decrease 8.5% to 12.5% QoQ 18.4% GM 30.5% Non-Driver $39.6M • Flat QoQ; +1.2% YoY • Guidance: Around 30.5% SMDDIC • Y
Slide 4: Q1 Financial Summary by Segment
2025 Q1 Financial Summary by Segment LDDIC Revenue $25.0M • Flat QoQ despite seasonal downturn 2025 Q1 Sales & Breakdown SMDDIC Revenue $150.5M • -9.8% QoQ 11.6% Auto Driver Sales single digit decrease QoQ LDDIC LDDIC • Outperformed guidance of low teens decrease $25.0M $25.0M • Waning effect of CN
Slide 5: Q1 Operating Expenses & Profits
2025 Q1 Operating Expenses & Profits Operating Expenses $45.7M • -7.0% QoQ / -9.8% YoY • Strictly enforcing budget and expense controls amid ongoing macro challenges Operating Income $19.8M • 4Q24 $23.1M / 1Q24 $10.0M Operating Margin 9.2% • 4Q24 9.7% / 1Q24 4.8% Net Profit $20.0M • 4Q24 $24.6M / 1Q
Slide 6: Balance Sheet as of March 31, 2025
Balance Sheet as of March 31, 2025 Q1 Free Cash Balance Q1 Free Cash Balance Increased $281.0M • 4Q24 $224.6M / 1Q24 $277.4M Q1 Operating Cash Inflow $56.0M Q1 Inventories $129.9M US$M $500.00 Inventory Level $410.1 $400.00 $370.9 $335.2 $297.3 $300.00 $259.6 $217.3 $201.9 $203.7 $192.5 $200.00 $158
Slide 7: 2025 Cash Dividend
2025 Cash Dividend 37.0 Cents per ADS, Totaling $64.5M Payable on July 11, 2025 Payout Ratio: 81.1% of last year’s profit 6
Slide 8: 2025 Q2 Guidance
2025 Q2 Guidance Revenues Decrease 5% ~ Increase 3% QoQ Gross Margin Around 31.0% Net Profit 8.5 cents to 11.5 cents per diluted ADS 7
Slide 9: 2025 Q2 Outlook: Currency Impact
2025 Q2 Outlook Recent abrupt and significant NT dollar appreciation against US dollar Impact on our Q2 financial results is limited and has been accounted for in Q2 guidance Natural hedge for all our buying and selling activities The bulk of our R&D expenses, save for employee salaries, also US dol
Slide 10: 2025 Q2 Outlook: Tariffs
2025 Q2 Outlook Tariffs have not had a significant direct impact on Himax’s business • A negligible portion (~2%) of Himax’s products are shipped directly to U.S. Some customers requested early shipments to avoid tariff; many others deferred orders amid uncertainties Conservative Q2 revenue guidance
Slide 11: 2025 Q2 Outlook: Auto and Supply Chain
2025 Q2 Outlook Panel customers adopting a make-to-order model and keeping inventories lean Himax carefully monitors wafer-starts, maintain low inventory, rigorously control expenses Further optimizing costs by diversifying both foundry and backend packaging & testing • Milestone recently achieved i
Slide 12: 2025 Q2 Outlook: Innovative Fields and India
2025 Q2 Outlook Committed to a number of innovative fields: Ultralow power AI, AR glasses and CPO • Himax is a pioneer and leader in key technologies enabling these novel areas • Relatively less affected by macro; customer development efforts not slowed due to tariff • Expect these businesses to con
Slide 13: 2025 Q2 Outlook - LDDIC
2025 Q2 Outlook - LDDIC Q2 LDDIC sales to decrease single digit QoQ • Driven by customers’ pull forward orders in prior quarters, against the backdrop of CN gov. subsidies boosting domestic consumption • Monitor & NB IC sales to decrease QoQ • TV IC sales to increase QoQ, higher shipments to key end
Slide 14: 2025 Q2 Outlook – SMDDIC
2025 Q2 Outlook – SMDDIC Q2 SMDDIC sales to decline single digit QoQ Auto driver IC (DDIC & TDDI) • Driver sales to be down mid-teens QoQ, reflecting combined impact of tariffs & waning effect of CN auto subsidy program • TDDI cumulative shipments outpaced competitors; ~500 design-wins with majority
Slide 15: 2025 Q2 Outlook – Auto Advanced Technologies
2025 Q2 Outlook – Auto Advanced Technologies LTDI • Pioneer in LTDI technology. Support >30” or pillar-to-pillar display • Increasing number of customers adopt integrated LTDI & Tcon as standard platform ◼ Require > 4 LTDI chips & at least 1 local dimming Tcon per panel • Growing platform adoption o
Slide 16: 2025 Q2 Outlook - SMDDIC
2025 Q2 Outlook - SMDDIC Smartphone driver IC • Q2 sales to decline mid teens QoQ Tablet driver IC • Q2 sales to be up high-teens QoQ • Renewed demand from leading customers following several quiet quarters 15
Slide 17: 2025 Q2 Outlook – OLED Updates
2025 Q2 Outlook – OLED Updates Auto OLED • Strategic alliances with leading KR/CN/JP panel makers • Expand beyond premium cars, leveraging LCD expertise to drive OLED adoption • First-mover advantage to drive OLED leadership with DDIC, Tcon & on-cell touch • On-cell touch >45 dB SNR for glove-wearin
Slide 18: Non-driver Business Updates
Non-driver Business Updates Q2 non-driver revenue to increase low teens QoQ Q2 Tcon sales to increase high-teens QoQ • Due to increased shipment of Tcon for NB & Auto Strong auto Tcon position • Q2 auto Tcon sales to increase double digit QoQ • Unrivaled leader in local dimming Tcon for premium/main
Slide 19: WiseEye Ultralow Power AI Sensing
WiseEyeTM Ultralow Power AI Sensing WiseEyeTM Competitive edge in fast rising AI market Drive for AI Everywhere • Ultralow power; Context-aware, on-device AI • Enables endpoint AI, fit for battery-powered devices • Offload main processor to extend battery life Diverse AI applications • NB: Success o
Slide 20: WiseEye Module
WiseEyeTM Module Numerous production-ready modules for AIoT Low-Code / No-Code AI • Pre-trained low-/no-code AI for diverse use cases 3 1 2 • HPD, gender/age/ gesture recognition, voice HPD / On Looker People Count Head/Body Pose command, face mesh, thermal image sensing, palm vein authentication, a
Slide 21: WiseEye in AR Glasses
WiseEye in AR Glasses WiseEye enables real-time, context-aware AI at AR Glasses + AI single-digit mW, ideal for all-day battery life Eyeball Tracking WiseEye AI being adopted by a leading AR glasses platform + • Ongoing engineering engagements with several other prominent global AR tech names Always
Slide 22: WLO for CPO & Waveguide
WLO for CPO & Waveguide Himax-FOCI CPO partnership, announced June 2024 • First-gen small-scale production on track Leading Silicon Photonics Packaging Technology • Next-gen CPO solutions with FOCI, AI companies & foundry partner • FOCI achieved significant advancements in automated production & tes
Slide 23: Dual-Edge Front-Lit LCoS Microdisplay
Dual-Edge Front-Lit LCoS Microdisplay Display Week 2025 debut ultra-luminous, Front-Lit LCoS Microdisplay miniature Dual-Edge Front-lit LCoS Microdisplay • 0.09 c.c. size and 0.2 g weight • Ultra-luminous 350k nits and 1 lumen output LCoS at just 250mW max. total power consumption • Unparallelled op
Slide 24: Contact Us
Contact Us Company Karen Tiao, Head of IR/PR Corporate Tel: +886-2-2370-3999 Counsel hx_ir@himax.com.tw Mark Schwalenberg, Director SEC Legal Investor Relations - US Representative Counsel MZ North America Tel: +1-312-261-6430 HIMX@mzgroup.us Auditor www.mzgroup.us
Slide 25: Drive for better vision
—) Hirmmax Drive for better vision