Phoenix Silicon International Corp. · TWSE:8028
Phoenix Silicon International — Q2 2025 Earnings Presentation
22 slides from Phoenix Silicon International's earnings presentation, 2025
Slide 1: PSI Roadshow in Q2,2025
PSI Roadshow in Q2,2025 Q2 2025
Slide 2: Safe Harbor Notice
Safe Harbor Notice • Psi’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward-looking statements. • Information as to those factors that could cause actual r
Slide 3: Agenda
Agenda • PSI Value Proposition • Financial Performance • Market Trends and Competitive Analysis • Key Messages From PSI Phoenix Silicon International Corporation Confidential 2
Slide 4: PSI Value Proposition Redefined — PSI Leads in Tech Scale Cost
PSI Value Proposition Redefined — PSI Leads in Tech Scale Cost Through these core strengths, PSI empowers PSI’s Core Strengths semiconductor manufacturers to significantly Sustainability Goals reduce production costs, enhance operational Client Benefits efficiency, and meet sustainability objectives
Slide 5: PSI At a Glance
PSI At a Glance Sustainability & ESG Company Overview • Resource-efficient manufacturing • Phoenix Silicon International (PSI), 8028TT • Promoting circularity in semiconductors • Founded: 1997 Market position Financial Snapshot • WW NO.1 reclaim fab • Revenue in 2024: NTD 3.55 Billion • WW NO.1 thin
Slide 6: Financial Performance
Financial Performance
Slide 7: Financial Highlights
Financial Highlights 2025Q1 M TWD Revenue GPM OPM 1,200 NT$ 1,082M 37.3% 24.0% 37.3% 40% 34.7% 1,100 31.7% 26.7% 30% 1,000 900 19.3% 19.1% 24.0% 20% 20.1% 18.5% 800 13.6% 10% 700 5.3% 5.2% 600 0% 23Q4 24Q1 24Q2 24Q3 24Q4 25Q1 revenue GM% OPM% Phoenix Silicon International Corporation Confidential 6
Slide 8: PSI's CaPeX and Capital Intensity Trend
PSI’s CaPeX and Capital Intensity Trend Phoenix Silicon International Corporation Confidential 7
Slide 9: Financial Matrix
Financial Matrix Item 2025Q1 2024Q4 2024Q1 Shipment (Kpcs, 12"-equiv. Wafer) 2,099 1,963 1,519 Net Revenue (NT$ Millions) 1,082 1,050 735 Gross Margin 37.3% 34.7% 19.1% Operating Margin 24.0% 20.1% 5.2% Net Profit Margin 21.3% 19.0% 8.6% EPS (NT$) 1.34 1.16 0.36 ROE (annualized) 21.2% 19.9% 6.4% Ope
Slide 10: Market Trends & Competitive Analysis
Market Trends & Competitive Analysis
Slide 11: Directly Benefiting From Advanced Nodes
Directly Benefiting From Advanced Nodes • PSI 70-75% from Advanced node • PQ both increasing, higher spec reclaimed wafers emerging Phoenix Silicon International Corporation Confidential 10
Slide 12: PSI is Leading in sub-5nm Reclaim Wafers
PSI is Leading in sub-5nm Reclaim Wafers PSI Phoenix Silicon International Corporation Confidential 11
Slide 13: WW NO.1 Reclaim Capacity
WW NO.1 Reclaim Capacity PSI 950 840 800 680 630 640 Phoenix Silicon International Corporation Confidential 12
Slide 14: WW No.1 Reclaim in Quantity and Quality
WW No.1 Reclaim in Quantity and Quality 15nm MP 2026 19nm MP 26nm MP 2021 Q3 2020 Q2 32nm MP 2016 Q3 Phoenix Silicon International Corporation Confidential 13
Slide 15: WW No.1 Lights out Wafering Fab
WW No.1 Lights out Wafering Fab Decline in Labor Demand (2021-2027) 100% 2021 Baseline year with full labor demand 40% 2023 15% 5% Significant drop due to automation 2025 Continued decline with technology adoption 2027 2021 2023 2025 2027 Minimal labor required with full automation Phoenix Silicon I
Slide 16: Thinning From Power to Advanced Packaging
Thinning From Power to Advanced Packaging Thickness(um) 12” SiC 775 775 12” Si 400 260 210 190 8” SiC/GaN 300 200 150 125 8” Si 200 100 50 30.5 25 25 2015 2018 2020 2023 2025 2026 Phoenix Silicon International Corporation Confidential 15
Slide 17: Technology Development Highlights
Technology Development Highlights • Reclaim ramping for 2nm node • Test wafer production ramping 2025 • 8” GaN/SiC BGBM qual. • 12” Si Power MOSFET BGBM qual. • Carrier qualification ✓ Advanced Packaging ✓ HBM stacking • Reclaim qualification for sub 2nm • Carrier production ramping 2026 • Carrier q
Slide 18: Market Trends– TWD Appreciation
Market Trends– TWD Appreciation Immediate Impact Analysis: • 1% revenue and 0.5% margin impact per 1% TWD rise. • A one-time 2% inventory impact and 1% margin impact. Strategic Response and Outcome: • Expanding capacity more aggressively to offset the margin loss. • Currency pressure accelerates ope
Slide 19: Market Trends– Reciprocal Tariff
Market Trends– Reciprocal Tariff Immediate Impact Analysis: • Very limited impact given customer strength, FOB terms, and <10% revenue. PSI’s Strategic Response: • Evaluate USA ecosystem to determine best landing strategy – brown or green. • Collaborate with customers to redefine wafer cycling flow
Slide 20: Key Messages From PSI
Key Messages From PSI Phoenix Silicon International Corporation Confidential 19
Slide 21: Leading future, Harvesting return
Leading future, Harvesting return ◼ Enlarge leading position in reclaim business • Shipments rising, with >30% YoY; capacity to reach near 1000kwpm next year • Evaluate expansion opportunity in Taiwan and USA beyond 2028 ◼ Explore new business territories within core competence • New carrier wafer b
Slide 22: Https://www.psi.com.tw ir@psi.com.tw
Https://www.psi.com.tw ir@psi.com.tw Phoenix Silicon International Corporation Confidential 21
Phoenix Silicon International — Q2 2025 Earnings Presentation on 6ix