Slide 1: Forcelead Technology Corp. 1Q 2025 Results Investor Presentation
Forcelead Technology Corp. 6996. TWO 1Q 2025 Results Investor Presentation Wayne Kuo May 26th , 2025 www.forcelead.com.tw 1 For Public Use
Slide 2: Safe Harbor Statement
The contents of this presentation are based on available information, and the Company’s views when made. The information in this presentation may contain descriptions of the future prospects of the Company and its subsidiaries, and are subject to risks and uncertainties, which may cause actual resul
Slide 3: Outline
Outline About Forcelead Company Highlights and Industry Trends Financial Data Sustainability Initiatives
Slide 4: About Forcelead
About Forcelead
Slide 5: About Forcelead
About Forcelead ‘‘ Shaping the colorful future; Driving the display revolution.’’ Company Profile Business Model Forcelead Technology Corporation • Global market leader in mid-sized and small-sized Auto display driver ICs Ticker: 6996.TWO • Comprehensive product line: Proprietary products Establishe
Slide 6: Company Highlights and Industry Trends
Company Highlights and Industry Trends
Slide 7: Company Highlights
Company Highlights Why Forcelead Growth Drivers Smart cockpit trend: fueling demand for Automotive contents account for over 84% of total revenue. upgraded automotive displays. Diverse customer portfolio: Chinese Co-developing with car makers: gaining market share through proprietary brands
Slide 8: Industry Trends
Industry Trends Automotive Displays Undergoing Major Transformation Smart cockpits are driving a surge in the number of displays and specification upgrades. Design trends are continuously evolving. Display technologies are advancing. Safety technologies are being integrated. According to IEK, the ma
Slide 9: Auto DDI – Intelligent Cockpit
Auto DDI – Intelligent Cockpit • The rising trend of smart cockpits drives global demand and technology change Automotive Display E-rearview mirror Driver IC HUD Side mirror Side mirror Center console Cluster instrument Rear-seat entertainment
Slide 10: Smart Cockpit Boosts Auto Display Units
Smart Cockpit Boosts Auto Display Units • Tailored specifications developed in collaboration with automakers Display Unit/ Per Car Rationale, Market Traditional Center Console 1 Spec. Change, OEM / AM Traditional Digital Cluster 1 Spec. Change, OEM New E-Rearview Mirror 1 Emerging, OEM / AM New E-Si
Slide 11: Shifting Trends in Smart Cockpit Design
Shifting Trends in Smart Cockpit Design Digital information is becoming driver-safety oriented: Information for the driver is displayed through a combination of a compact instrument cluster, a large head-up display (HUD), and a large central console.
Slide 12: HUD Adoption Becoming a Mainstream Trend
HUD Adoption Becoming a Mainstream Trend HUD Is Becoming The Future Standard. HUD market is growing at an annual rate of approximately 22% and continues to expand.* AR head-up displays that project information 10 meters ahead In the China market, HUD-equipped vehicle volume grew of the driver, cover
Slide 13: Safety Technology Integration – Instrument Cluster Warning Lights with OSD Design
Safety Technology Integration – Instrument Cluster Warning Lights with OSD Design • OSD (On-Screen Display) is an instrument technology featuring an independent backup control circuit. • It enhances reliability by ensuring that warning and malfunction indicator icons are displayed correctly. • In re
Slide 14: Complete Product Lines
Complete Product Lines ● Cluster Display ● Rear-seat entertainment displays. ● E-rearview Mirror Display ● Auto display design ● Head-up Display, HUD ● High brightness, low power consumption ● 3-by-1 circular control knobs ● OSD technology Major Products Head-up Display, HUD 3-by-1 circular control
Slide 15: Automotive Industry
Automotive Industry Patents Characteristics Patents granted across High Entry Barriers Taiwan, the U.S., Japan, Long validation cycles: meet zero- China, and South Korea defect standards and pass AEC- Q100 certification requirements Custom specifications developed Automotive-grade reliability wi
Slide 16: Financial Data
Financial Data
Slide 17: Revenue
Revenue ▪ Revenue (FY2024): NT$2.97 bn (+11.77% YoY) ▪ EPS (FY2024): NT$15.37 ▪ Revenue (1Q 2025): NT$624m (–13.75% QoQ, –8.52% YoY) Details 1Q25 4Q24 Q/Q 1Q24 Y/Y Revenue (NT‘000) 624,295 723,821 -13.75% 682,455 -8.52% Gross Profit Margin% 39.03% 38.42% +0.61% 39.16% -0.13% Operating Margin% 17.35%
Slide 18: Sales Mix
Sales Mix ▪ Increasing automotive revenue share supports long-term gross margin expansion Product Type 2020 2021 2022 2023 2024 1Q2024 2Q2024 3Q2024 4Q2024 1Q2025 Auto 40.44% 43.91% 65.12% 75.80% 84.56% 82.33% 84.77% 86.25% 84.60% 87.85% Non-Auto 59.56% 56.09% 34.88% 24.20% 15.44% 17.67% 15.23% 13.7
Slide 19: Income Statement
Income Statement NT$ / Year 2021 2022 2023 2024 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 Sales ( 000’) 3,532,757 2,809,051 2,656,536 2,969,215 682,455 778,742 784,197 723,821 624,295 GPM % 56.86% 41.10% 36.04% 40.30% 39.16% 41.32% 42.00% 38.42% 39.03% Opex/sales % 18.62% 16.34% 17.41% 18.63% 17.70% 1
Slide 20: Sustainability Initiatives
Sustainability Initiatives
Slide 21: Sustainability Initiatives
Sustainability Initiatives The latest ESG report is available on our company website (www.forcelead.com.tw). Dec: established The Sustainability and Risk Management Committee. Completed a greenhouse gas self- inventory since 2022.
Slide 22: Q&A Thank You
Q&A Thank You. 2025 Forcelead Technology Corporation. All rights reserved.