Playnitride, Inc. · TWSE:6854
Playnitride — Investor Conference September 2024
29 slides from Playnitride's conference presentation, Sep 12, 2024
Slide 1: Investor Conference
PlayNitride Inc. 錼創科技-KY Investor Conference September 12, 2024
Slide 2: Disclaimer
PlayNitride Inc. 錼創科技-KY Disclaimer The information provided in this presentation contains all forward-looking views and will not be updated as a result of any new information, future events, or the occurrence of any circumstances. PlayNitride Inc. (the company) is not responsible for updating or re
Slide 3: Outline
Outline I. Company Overview IV. Business Strategy and Deployment II. Market Overview V. Financial Performance III. Product Applications VI. Prospect & Planning 3
Slide 4: Company Overview
Company Overview 4
Slide 5: PlayNitride is a Taiwan-based company specializing in nitride semiconductor materials
PlayNitride Inc. 錼創科技-KY PlayNitride is a Taiwan-based company specializing in nitride semiconductor materials and applications. It was the first company listed on Taiwan‘s Innovation Board. The company’s main products are CoC (chip-on-carrier) and MicroLED displays. CoC technology is to integrate M
Slide 6: Market Overview
Market Overview 6
Slide 7: MicroLED Display Market: US$7.8bn, 2030
PlayNitride Inc. 錼創科技-KY MicroLED Display Market: US$7.8bn, 2030 MicroLED display revenue forecast (annual) 9,000 18.0% 8,000 16.0% 7,000 14.0% Revenue ($000) 6,000 12.0% 5,000 10.0% 4,000 8.0% 3,000 6.0% 2,000 4.0% 1,000 2.0% 0 0.0% 2022 2023 2024 2025 2026 2027 2028 2029 2030 Revenue ($million) 21
Slide 8: Product Applications
Product Applications 8
Slide 9: MicroLED in CES
PlayNitride Inc. 錼創科技-KY MicroLED in CES 76" Samsung MicroLED TV Samsung Electronics unveiled its newest MicroLED TV Lineup in CES 2024. The 2024 MicroLED lineup offers new models ranging from 50 to 140- inches (50, 63, 76, 89, 101, 114 and 140-inches) to provide consumers with a breadth of options
Slide 10: MicroLED in CES
PlayNitride Inc. 錼創科技-KY MicroLED in CES Samsung Transparent MicroLED Display (source: TechNews website) (source: Tom's Guide website) 10
Slide 11: MicroLED in CES
PlayNitride Inc. 錼創科技-KY MicroLED in CES AUO Transparent MicroLED Display (source: Omdia Report) 11
Slide 12: MicroLED in CES
PlayNitride Inc. 錼創科技-KY MicroLED in CES Interactive Transparent Window Rollable Rear Seat Entertainment 2024 CES Innovation Award 2024 CES Innovation Award AUO Automotive MicroLED Display (Source: AUO Website) 12
Slide 13: The outstanding performance of MicroLED displays at CES 2024
(source: TechNews website) PlayNitride Inc. 錼創科技-KY Continental creates world's first see-through car display in Swarovski crystal 2024 CES Innovation Award The outstanding performance of MicroLED displays at CES 2024 CarUX Automotive MicroLED Display FORVIA’s Skyline Immersive Display 2024 CES Inno
Slide 14: Large-sized MicroLED Display (Modular PCB)
PlayNitride Inc. 錼創科技-KY 2023 SID Best MicroLED-based Technology Large-sized MicroLED Display (Modular PCB) 166“ 5K P0.833 Waterfall Display 89“ 5K 32:9 P0.43 Curved Monitor (Seamless tiling by 324 modules) (Seamless tiling by 168 modules) 14
Slide 15: Interactive Installation Art
PlayNitride Inc. 錼創科技-KY Interactive Installation Art Designed 10 years ago by Random International, this contemporary artwork "To Light You Fade", originally adopting OLED organic light-emitting materials, was re-interpreted by PlayNitride, spliced by 2688 panels with tens of millions of MircoLED,
Slide 16: Wearable MicroLED Display
PlayNitride Inc. 錼創科技-KY Wearable MicroLED Display 1.39" 338ppi MicroLED Circular Display 16
Slide 17: MicroLED Is the Key for AR Glasses
PlayNitride Inc. 錼創科技-KY MicroLED Is the Key for AR Glasses 0.49" MicroLED µ-display • 1920*1080 (FHD) • 4536PPI • Full Color • >4,000,000 MicroLED 2.5µm chips 2023 SID Best AR/VR/MR Demo/Product 17
Slide 18: Business Strategy and Deployment
Business Strategy and Deployment 18
Slide 19: We Facilitate The MicroLED Ecosystem
PlayNitride Inc. 錼創科技-KY We Facilitate The MicroLED Ecosystem PlayNitride core technology MicroLED LED Wafer Pixel-type Pixel-type Chip Chip-On-Carrier Epitaxy Chip-On-Carrier Process (CoC) (COC) Display Product Module Mass ~ TFT / PM / PCB / Si Technology Driving Backplane Market available technolo
Slide 20: Reduce MicroLED Cost For Market Penetration
PlayNitride Inc. 錼創科技-KY Reduce MicroLED Cost For Market Penetration Manufacturing Cost (%) Shipment (thousand unit) 100% 900 800 80% 700 600 60% 500 400 40% 300 20% 200 100 0% 0 2021 2022 2023 2024 2025 2026 2027 2028 The Cost of 75-inch 3840x2160 LTPS/RGB MicroLED Display Cost vs. MicroLED TV ship
Slide 21: Cost, Production Capacity and Market Demand
PlayNitride Inc. 錼創科技-KY Consensus with partners has greatly Cost shortened the time for new technology to reach the market. Market Production Demand Capacity Cost Market Production Demand Capacity Micro LED technology enters into the triangle relationship of cost, production capacity and market dem
Slide 22: Business Deployment
PlayNitride Inc. 錼創科技-KY Mass Transfer Equipment Development/Sales Turnkey Solution Construction Services Technical Services • Automotive Display POC • AR/VR Display Co-development • Transparent Display Co-development • PCB-based Indoor Signage Co-development CoC Over 90% market share, the only comp
Slide 23: Financial Performance
Financial Performance 23
Slide 24: Revenue and EPS
PlayNitride Inc. 錼創科技-KY Revenue and EPS ü Revenue increases, maintaining the revenue momentum trend. ü Losses are gradually decreasing, 2024 cumulative revenue continues to surpass 2023. and EPS continues to improve. (mn, NTD) 0 1000 2023 900 2024 -1.09 800 700 (2) 600 500 2022 400 (4) 300 200 -4.7
Slide 25: Gross Margin
PlayNitride Inc. 錼創科技-KY Gross Margin 400 Revenue(mn, NTD) Gross Margin (%) 35% 2024 gross margin 32.61% 350 30.67% 30% increased significantly 25% ü Manufacturing costs 300 decreased 20% 16.15% ü Contribution from new 250 13.71% 15% business items/new 200 7.57% 10% customers 353 323 5% 150 248 245
Slide 26: Revenue Breakdown
(mn, NTD) PlayNitride Inc. 錼創科技-KY Due to market demand, 400 CoC's share exceeds 50%! Revenue Breakdown 350 300 250 200 150 100 50 59% 53% 0 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 CoC Technical Services Turnkey Solution Construction Services (mn, NTD) CoC (mn, NTD) Technical Services (mn, NTD) Tu
Slide 27: Prospect & Planning
Prospect & Planning 27
Slide 28: Ride the Wave of MicroLED, Leverage the Display Industry
PlayNitride Inc. 錼創科技-KY lAdd New Business Item lOptimistic about Revenue In addition to CoC,Turnkey Solution, and NRE, Momentum the sales of transfer equipment is to be added. Maintain the 2020-2023 revenue growth trend, continue to narrow losses, and move towards the road of break-even. lDiversify
Slide 29: Q&A Session
PlayNitride Inc. 錼創科技-KY Q&A Session Website 29