Seoul Viosys Co., Ltd. · KRX:092190

Seoul Viosys — Q1 2022 Earnings Presentation

17 slides from Seoul Viosys's earnings presentation, May 9, 2022

Slide 1: 2022 1Q Financial Results
2022 1Q Financial Results EARNINGS RELEASE 2022.1Q 2022 May 9th Pls download our IR materials from the below page. 1) IR Book : (http://www.seoulviosys.com/kr/ir/data/) 2) Financial Statement : (http://dart.fss.or.kr) search code (092190) Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com
Slide 2: Disclaimer
Disclaimer This presentation material may contain forward-looking statements, as defined in the safe harbor provisions of KOSDAQ Disclosure Regulation. These forward-looking statements reflect Seoul Semiconductor’s current views with respect to future events and financial performance, and are subjec
Slide 5: 2022 1Q Earnings: Quarterly Sales and Profits
I. 2022 1Q Earnings _ 1) Quarterly Sales and Profits • Geopolitical Risk rises effecting IT demand amid low-season • UV sales rebounds / Micro LED sales growth continues Sales Unit: krw bn, % Profit Unit: % UV OPM WICOP EBITDA margin Others 131.2 130.5 121.7 22.2% 19.4% 18.5% 105.2 95.6 10.4% 8.5% 7
Slide 6: 2022 1Q Earnings: R&D Investment & Expense
I. 2022 1Q Earnings _ 2) 1Q R&D investment & Expense • R&D investment and SG&A expense drops vs. 2021 4Q R&D investments unit: krw bn, % Expense unit: krw bn, % % of R&D Investments to Sales SG&A R&D Investments Depreciation % of SG&A to Sales 15.5% 16.3% 9.6% 7.0% 6.3% 7.4% 5.7% 11.9% 10.8% 10.8% 1
Slide 7: 1Q Utilization and CAPEX
I. 2021 Earnings _ 3) 1Q Utilization and CAPEX • Utilization rate drops as global SCM issues still continues amid low seasonality • Capex slightly up on Micro LED business expansion (module & package) Utilization Rate unit: % CAPEX unit: krw bn utilization rate CAPEX 96.0% 53.0 91.1% 88.7% 44.3 64.8
Slide 8: 2022 1Q Earnings: Earnings analysis
I. 2022 1Q Earnings _ 4) Earnings analysis • Cost Increase : low mini/micro early stage yield / Capex increase from lineup expansion • Sales decrease : COGS increase during low season due to low demand  2Q forecast +15% increase / early orders ahead of high season Operating Loss (vs 4Q) Unit: krw,
Slide 10: Key Future Growth Momentum
III. 2022 1Q Guidance _ 1) Key Future Growth Momentum 2nd Generation LED products to spark triggering point of LED industry Application Key Theme Technology • Maintain global MS #1 in UV-C • UV • Auto bound Violeds sales starts Violeds • Design wins towards global household electronic companies incr
Slide 11: 2022 2Q Guidance
II. 2022 2Q Guidance _ 2) Guidance Raise guidance despite global SCM issues and demand concerns as co enters high seasonality accompanied with 2nd generation product growth 2Q Guidance QoQ YoY 20.3% -12.3% 1.15bn 1.05bn 131.2bn 9.8% -20.0% 95.6bn 2022.1Q 2022.2Q (E) 2021.2Q Copyright ⓒ Seoul Viosys
Slide 13: WICOP related patent Injunction
III. Appendix_ 1) WICOP related patent Injunction Article from ‘Semiconductor Today’ on WICOP patent lawsuit 29 April 2022 Patent Lawsuits over Phillps’ TV and Filament LED bulbs Copyright ⓒ Seoul Viosys Co., Ltd. 13 www.seoulviosys.com
Slide 14: VIOLEDs(UV) related patent Injunction
III. Appendix_ 2) VIOLEDs(UV) related patent Injunction Article from ‘Bloomberg’ on UV patent lawsuit 19 April 2022 Seoul Viosys obtains permanent injunction in US against Namsung Elec Copyright ⓒ Seoul Viosys Co., Ltd. 14 www.seoulviosys.com
Slide 15: Financial Ratios
III. Appendix_ 3) Financial Ratios Current Ratio (%) Debt Ratio (%) 81.5% 74.0% 71.6% 201.4% 199.3% 66.5% 186.3% 187.0% 58.6% 165.9% Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Net Debt Ratio (%) Inventory Turnover (days) 129.2% 95 117.9% 85 106.2% 75 105.4% 83.9% 50 50 Q1'21 Q2'21 Q
Slide 16: Condensed Financial Statement
III. Appendix_ 4) Condensed Financial Statement 2022.1Q 2021.Q4 2021.Q3 2021.Q2 2021.Q1 2021 2020 2020.Q4 2020.Q3 2020.Q2 2020.Q1 2019.Q4 2019.Q3 2019.Q2 (unit: million KRW) [Income Statement] Sales 95,642 105,196 130,551 131,161 121,769 488,677 431,282 120,485 120,661 103,235 86,901 91,548 90,668 8

Seoul Viosys — Q1 2022 Earnings Presentation on 6ix

Seoul Viosys — Q1 2022 Earnings Presentation

Slide 1: 2022 1Q Financial Results

Slide 2: Disclaimer

Slide 3: Table of Contents

Slide 4: I. 2022 1Q Financial Results

Slide 5: 2022 1Q Earnings: Quarterly Sales and Profits

Slide 6: 2022 1Q Earnings: R&D Investment & Expense

Slide 7: 1Q Utilization and CAPEX

Slide 8: 2022 1Q Earnings: Earnings analysis

Slide 9: II. 2022 2Q Guidance

Slide 10: Key Future Growth Momentum

Slide 11: 2022 2Q Guidance

Slide 12: III. Appendix

Slide 13: WICOP related patent Injunction

Slide 14: VIOLEDs(UV) related patent Injunction

Slide 15: Financial Ratios

Slide 16: Condensed Financial Statement

Slide 17: Thank You