Kinik Co. · TWSE:1560

Kinik — Q3 2022 Earnings Presentation

37 slides from Kinik's earnings presentation, Oct 28, 2022

  1. Slide 1: 3Q22 Investor Conference

    3Q22 Investor Conference 28 Oct. 2022 1

  2. Slide 2: Disclaimers

    Disclaimers • The prospective statements released or mentioned in this presentation are based on our company’s data as well as the current situation. • The forward-looking statements contained in this presentation are affected by risks, uncertainties, and people’s inferences. As a result, actual res

  3. Slide 3: Outline

    Outline • Welcome William Lee, DBU President/Spokesman Tony Pai, Vice President/Acting Spokesman • Company Overview • 3Q 2022 Financial Results • 2022 Outlook • Q&A • Appendix: KINIK Visions/Missions, Products, Plants information 3 Copyright© KINIK COMPANY, All Rights Reserved.

  4. Slide 4: Company Overview

    Company Overview  Company established in 1953; Taiwan Stock Code 1560  Capital : TWD 1,431M  Employees： ~2200 worldwide. (~1800 in Taiwan.)  2021 revenue TWD 6,028 MM , EPS 4.78.  Main Products by 3 Business Units ABU: Abrasives BU Subsidiaries: KTC & Hongia DBU: Diamond BU SBU: Semiconductor M

  5. Slide 5: 3Q22 Consolidated Income statement

    3Q22 Consolidated Income statement  3Q22 revenue is TWD 1,815 MM, -2.3% than 2Q22. Gross margin is 36.4% (-3.7 ppt). EPS 2.43.  1Q~3Q22 revenue is TWD 5,318 MM, YoY +18.4. Gross margin is 37.4% (+7.4 ppt). EPS 7.35. Accounting Period Income 3Q22 2Q22 1Q~3Q22 1Q~3Q21 3Q22 over 1Q~3Q 2022 (all in th

  6. Slide 6: Gross & Operating Margin & EPS

    Gross & Operating Margin& EPS  3Q22 gross margin is 36.4%(-2.3 ppt), operating margin is 20.5% (-5.2 ppt) EPS=2.43.  The gross margin gain from exchange rate is 1.6% (comparing to 2Q22’s base) 6 Copyright© KINIK COMPANY, All Rights Reserved.

  7. Slide 7: 3Q22 Sales Performance by BU

    3Q22 Sales Performance by BU ABU: Grinding Wheel DBU: CMP Pad Conditioner SBU: Reclaim Wafer Hongia: Grinding wheel KTC: Grinding Wheel in Thailand  KINIK revenue QoQ decreased 2.3%.  ABU: Demands were Impacted by the pandemic and high inventory. Resulted in QoQ 6.2% decreased.  DBU: Diamond disk

  8. Slide 8: 1Q~3Q22 Sales Performance by BU

    1Q~3Q22 Sales Performance by BU ABU: Grinding Wheel DBU: CMP Pad Conditioner SBU: Reclaim Wafer Hongia: Grinding wheel KTC: Grinding Wheel in Thailand  KINIK overall sales YoY increased 18.6%. 8 Copyright© KINIK COMPANY, All Rights Reserved.

  9. Slide 9: 3Q22 Diamond Disk Sales (1/2)

    3Q22 Diamond Disk Sales (1/2) Diamond Disk Sales Ratio by Region 9 Copyright© KINIK COMPANY, All Rights Reserved.

  10. Slide 10: 3Q22 Diamond Disk Sales (2/2)

    3Q22 Diamond Disk Sales (2/2) • Advanced tech-nodes(5/3 nm) sales ratio is increased from 31% to 32.3%. Remark：Data regards to one specific customer. 10 Copyright© KINIK COMPANY, All Rights Reserved.

  11. Slide 11: 3Q22 Test/Reclaim Wafer Sales

    3Q22 Test/Reclaim Wafer Sales  Sales: 910 MM, QoQ +6%.  Keep full capacity running in 3Q22. Sales ratio of test wafer is 43%, which is the same as 2Q22. By the slightly higher ASP of test wafer and the TWD depreciation, these factors resulted in the sales growth in 3Q22. 11 Copyright© KINIK COMPAN

  12. Slide 12: 2022 Outlook

    2022 Outlook  Expected revenue growth 10~20%, gross margin 36~42%, and operating margin 20~26%. (As were 5~10%, 32~38%, and 16~22% respectively in April 2022)  ABU Grinding Wheel: – 4Q22 might still be impacted by lower demands. Dedicated to cost optimization and lean production, and with more hig

  13. Slide 13: Q&A

    Q &A Thanks for your attention KINIK’s investor rel ationship mai l: ir@kinik.com.tw 13 Copyright© KINIK COMPANY, All Rights Reserved.

  14. Slide 14: Appendix

    Appendix Company Philosophy, Mission, and Vision  Introduction of KINIK Products  Plants Information Company Milestone 14 Copyright© KINIK COMPANY, All Rights Reserved.

  15. Slide 15: KINIK Company

    KINIK Company 15 Copyright© KINIK COMPANY, All Rights Reserved.

  16. Slide 16: Products Introduction

    中砂產品介紹 Products Introduction 16 Copyright© KINIK COMPANY, All Rights Reserved.

  17. Slide 17: CMP Diamond Disk

    CMP鑽石碟 Diamond Disk CMP (Chemical Mechanical Polish) 化學機械拋光，主要用於先進IC製程中，透過拋光墊與拋 光液同時透過機械與化學反應加工晶圓表面，達到表面晶圓材料的移除及整體的平坦化，才能接續後 續製程以及提高良率。而鑽石碟的功用就是在拋光晶圓的同時去加工拋光墊，以移除拋光時的副產 物及穩定拋光速率並提升良率及延長拋光墊使用壽命，是先進IC拋光製程中非常重要的一環。 CMP (Chemical Mechanical Polish) is widely used for advanced IC manufacturing processes

  18. Slide 18: CMP Pad Conditioner

    CMP鑽石碟 Pad Conditioner 中砂鑽石碟用於半導體化學機械研磨製程中修整研磨墊以達到理想移除率及平坦度。 KINIK diamond disk is used on semi-conductor CMP process in order to make the pad reach the desirable removal rate and uniformity. Conventional Disk DiaGrid® I-DiaGrid® S-DiaGrid® Advanced Disk：High Performance / Long Life Time Pyradia® O-

  19. Slide 19: Metal-free O-Pyradia Diamond Disk

    Metal-free O-Pyradia® 鑽石碟  O-Pyradia CMP pad conditioner for advanced customer’s tightened metal contamination control. Pyradia Type O-Pyradia Pyradia Tip Height Control Photo Material of Substrate Polymer Metal Strong Metal O-Pyradia Diamond Free LM(Ni ; Cr Bonding Material Polymer powder) Bonding

  20. Slide 20: Reclaim Wafer

    再生晶圓 Reclaim Wafer 中砂的再生晶圓之製程特色以延性輪磨(Ductile Mode Grinding)加工取代傳統 研磨(Lapping)加工，目的是降低加工之變質層，減少化學藥品污染，且可提高加工 精度，為最先進之再生晶圓製程。 The features of the KINIK reclaimed wafers are refurbished by ductile mode grinding used to replace traditional lapping to lower the strained thickness on the surface and chemi

  21. Slide 21: Semiconductor Grinding Wheel

    Semiconductor Grinding Wheel  The Wafer grinding wheels are used in the in-feed grinding process of semiconductor wafers such as Si, SiC, and advanced 2.5D/3D package (Cu/compound…etc.). The in-feed grinding process consists of rough and fine grinding processes. Wafer grinding wheels are made of di

  22. Slide 22: Diamond Roller

    Diamond Roller  The diamond rollers are used to sophisticatedly dress the complex and high precision form of grinding wheels (e.g. Al2O3, SiC, cBN wheels) for automatic shaping high volume production of high precision transmission components such as ball screws, guides, bearings, gears, tools, auto

  23. Slide 23: Tools for Semiconductor & photoelectric

    To o l s f o r S e m i c o n d u c t o r & p h o t o e l e c t r i c 中砂以最新電鑄、成型與燒結技術製造成的精密鑽石切割刀。搭配特殊的 金屬與樹脂等結合劑，使切割軟刀具備高剛性、低磨耗且具備良好的自銳性； 適合在各類精密陶瓷、硬脆材料、磁性材料，光學玻璃，印刷電路板與半導體 封裝材料的切割應用。 KINIK Company announces the introduction of Super Hubless Dicing Blade with resin, metal and nickel matrices. The dic

  24. Slide 24: Tools for Semiconductor & photoelectric

    To o l s f o r S e m i c o n d u c t o r & p h o t o e l e c t r i c 多孔質陶瓷真空吸盤 Porous Ceramic Chuck Table 多孔質陶瓷孔洞均勻微細、不發塵、可具靜電消散特性， 應用於真空吸盤具備吸力均勻、局部吸附性、不產生印痕、 工作效率及精度高等優點，可充分應用於半導體研磨、清洗、 切割及檢測等設備。 – High-performance, High-precision, Uniform suction force. – Partial chucking without sagging. – Chucki

  25. Slide 25: Ultra Precision Machining Tools

    金屬精密加工刀具 U l t r a P r e c i s i o n M a c h i n i n g To o l s 中砂提供電子業、PCB板、木工業及金屬加工業所需的單晶（SCD）、聚晶鑽（PCD）、 立方氮化硼（PcBN）等鑽石刀具已逾20年。 近年積極投入生產高精度、更微小之SCD、PCD 及 PcBN產品供光學業、精密模具等加 工技術使用，如：單晶鑽石車刀與銑刀、PcBN微小徑銑刀等。 KINIK company already has more than 20-year experience in providing all kinds of diamond tools f

  26. Slide 26: PVD/CVD Coating Service

    PVD/CVD 鍍膜 PVD/CVD Coating Service 中砂鍍膜代工中心2000年成立，在PVD/CVD真空鍍膜領域深耕近20 年，不斷投入相關鍍膜設備及開發TiN、TiCN、TiAlN、DLC、Diamond鍍 膜技術等。同時持續將研究成果應用至各個產業，提供給客戶高效能的鍍膜 應用工具，包括機械加工、精密模具、3C產品、汽車、通訊、醫療、光學及 電子產業等。 Established in 2000, KINIK Coating Center has 20 years of experiences in PVD/CVD coating. KINIK persistently i

  27. Slide 27: Traditional Grinding Wheel & Diamond/CBN Grinding Wheel

    傳統砂輪及鑽石/CBN砂輪 Traditional Grinding Wheel & Diamond / CBN Grinding Wheel 中砂提供各式平面、內外圓、無心及雙平面等工件研磨及切斷用的傳統、 BD及電鑄砂輪。 主要產業應用包含精密機械業的滑軌及齒輪研磨與砂輪成形修整用的鑽石滾 輪、鋼鐵業的輥筒研磨、工具製造業的高速鋼鑽頭、CNC及PCD/PcBN刀具等 研磨、半導體業的晶圓減薄及倒角研磨、高效率硬脆材料如SiC研磨用的蜂巢砂 輪、光學模具模仁拋光等。 KINIK provides various grinding wheels for surface, internal &

  28. Slide 28: Traditional Grinding Wheel & Diamond/CBN Grinding Wheel

    傳統砂輪及鑽石/CBN砂輪 Traditional Grinding Wheel & Diamond / CBN Grinding Wheel 28 Copyright© KINIK COMPANY, All Rights Reserved.

  29. Slide 29: Traditional Grinding Wheel & Diamond/CBN Grinding Wheel

    傳統砂輪及鑽石/CBN砂輪 Traditional Grinding Wheel & Diamond / CBN Grinding Wheel 29 Copyright© KINIK COMPANY, All Rights Reserved.

  30. Slide 30: Traditional Grinding Wheel & Diamond/CBN Grinding Wheel

    傳統砂輪及鑽石/CBN砂輪 Traditional Grinding Wheel & Diamond / CBN Grinding Wheel 30 Copyright© KINIK COMPANY, All Rights Reserved.

  31. Slide 31: Plant

    廠區 Plant 總 公 司 Head Office 鶯歌廠區 Yingge Factory 239010 新北市鶯歌區中山路64號 No.64, Zhongshan Rd., Yingge Dist., New Taipei City 239010, Taiwan TEL:+886 2 2679-1931~40 Grinding Wheel & Diamond Disk 樹林廠區 Shulin Factory 238010 新北市樹林區中山路2段151巷16號 No.16, Ln. 151, Sec. 2, Zhongshan Rd., Shulin Dist., New Taipei Ci

  32. Slide 32: Plant

    廠區 Plant 竹北廠區 Zhubei Factory 302059 新竹縣竹北市十興路260號 No.260, Shixing Rd., Zhubei City, Hsinchu County 302059, Taiwan TEL:+886 3 550-7160~5 竹科廠區 Hsinchu Science Reclaim & Test Wafer Park Factory 350401 苗栗縣竹南鎮科北五路6號 再生晶圓 & 測試晶圓 No. 6, Kebei 5th Rd., Jhunan Township, Miaoli County 350401, Taiwan TEL:+886

  33. Slide 33: Plant

    廠區 Plant 鴻記工業股份有限公司 Hongia Industry Co, Ltd. 239018 新北市鶯歌區福安街7巷3號 No. 3, Lane 7, Fu-An St., Yingge Dist., New Taipei City 239018, Taiwan TEL:+886 2 2679-1006 Email : hongia-sale@kinik.com.tw www.hongia.com.tw Electroplated Diamond Wheel 電鑄砂輪 金力泰國有限公司 Kinik - Thai Co., Ltd. 225 Moo 7 , Khok Pip, Sima

  34. Slide 34: Milestone

    榮耀記事 Milestone 2021年11月榮獲行政院「第26屆國家品質獎 全面卓 越類 - 績優經營獎」。 Nov. 2021, Honored with “BUSINESS MERIT AWARD of Total BUSINESS EXCELLENCE” at the 26th NATIONAL QUALITY AWARD from the Executive Yuan, R.O.C. https://nqa.cpc.tw/NQA/Web/Awards26th_Content.aspx?p=f2b6e812- 92aa-49c3-8149-1e005a0fe706 34 Copyrig

  35. Slide 35: Milestone

    榮耀記事 Milestone 2021年10月榮獲經濟部「2022年第30屆台灣精品獎 - 12吋再生晶圓」。 Oct. 2021, Honored with “Taiwan Excellence Award - 12" Reclaimed Wafers” from the MOEA, R.O.C. https://www.taiwanexcellence.org/tw/award/product/1110433 Copyright© KINIK COMPANY, All Rights Reserved. 35

  36. Slide 36: Milestone

    榮耀記事 Milestone 榮獲經濟部第四屆卓越中堅企業獎 Honored with 4th Taiwan mittelstand Award from the MOEA, R.O.C, in 2017. 榮獲經濟部2013年 第14屆 工業精銳獎 機械、運輸工業類 Honored with 14th Industrial Sustainable Excellence Award from the MOEA, R.O.C, in 2013. 榮獲經濟部台灣百大品牌獎 Honored with the Top 100 Taiwan Brands Award from the MOEA, R.O

  37. Slide 37: Milestone

    榮耀記事 Milestone 榮獲經濟部2006年台灣優良品牌獎 Honored with the Taiwan Superior Brand Award from the MOEA, R.O.C, in 2006. 榮獲第十屆經濟部產業科技發展傑出獎 Award of Excellence, the 10th R.O.C. MOEA Industrial Technology Advancement Award in 2002. 全國第一家砂輪公司榮獲國家傑出精品獎 The first grinding wheel plant won Excellent Product Award in 1

Kinik Company — Q3 2022 Earnings Presentation on 6ix