Focaltech Systems Co., Ltd. · TWSE:3545

Focaltech Systems — Q1 2022 Earnings Presentation

11 slides from Focaltech Systems's earnings presentation, Apr 26, 2022

1. Slide 1: FocalTech Investor Conference

   敦泰電子(3545)法人說明會 FocalTech Investor Conference 2022/04/26 The world leader in human machine interface solutions

2. Slide 2: Agenda

   Agenda  2022 Q1 Result Summary  Future Outlook  Q&A CONFIDENTIAL © 2021 FocalTech Systems Co., Ltd. All rights reserved 2

3. Slide 3: 免責聲明 DISCLAIMER

   免責聲明DISCLAIMER • 本簡報之內容可能包括本公司基於從各項來源所取得的資訊， 對於營運、財務狀況與企業發展情形的前瞻性預估。 • This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. • 因為包括但不限於市場需求、

4. Slide 4: Q1 22' Income Statement

   Q1 22’Income Statement /111年第1季損益表 Unit: NT$ Million /單位: 新台幣 佰萬元 22' Q1 21' Q4 QoQ 21' Q1 YoY Revenue/ 營業收入 3,893 5,597 -30% 4,350 -11% Gross Profit/ 營業毛利 1,542 2,778 -44% 1,629 -5% Gross Margin/ 營業毛利率 39.6% 49.6% ↓10% 37.4% ↑2.2% Operating Expense/ 營業費用 869 1,029 -16% 703 24% Operating Income/ 營業淨

5. Slide 5: 2022 Q1 Result Summary

   2022 Q1 Result Summary /111年第1季營運成果  2022年第1季營收為38.93億元，季減30%及年減11%，主要是受智慧型手機傳統淡季 及手機庫存調整影響。獲利方面，第1季毛利率為39.6%，由於售價轉嫁效應降低及 晶圓代工廠漲價的影響仍未停止，較上一季度衰退10個百分點，但與2021年同期比 較則成長2.2個百分點；稅後淨利7.23億元，比去年同期減少14%，每股盈餘3.57元。  2022’Q1 revenue was NT$3.89 billion, down by 30% quarter-over-quarter and 11% year- over-y

6. Slide 6: Q1 22' Balance Sheet

   Q1 22’Balance Sheet / 111年第1季資產負債表 Unit: NT$ Million /單位: 新台幣 佰萬元 22' Q1 21' Q4 QoQ 21' Q1 YoY Cash & Market Securities/ 現金及流動金融資產 11,363 11,103 2% 7,110 60% Accounts Receivable/ 應收帳款 2,295 3,255 -29% 1,823 26% Inventory/ 存貨 5,819 3,822 52% 2,021 188% Other Current Assets/ 其他流動資產 371 536 -31% 252 47

7. Slide 7: 2021 Cash Dividend

   2021 Cash Dividend/ 110年現金股利發放  敦泰電子董事會已於2022年4月25日決議通過並公告2021年度股利分配案，將發放 現金股利總額NT$34億元。以2021年稅後淨利約NT$61億元計算，配發率約55.8％， 約當於每股配發現金股利15.7元，依4月25日收盤價格118.5元計算，現金殖利率約 13.3％。  On April 25th, FocalTech’s board meeting approved 2021 cash dividend payment of NT$ 3.4bn. Based on 2021 net income of around N

8. Slide 8: Future Outlook (I)

   Future Outlook /未來展望 (I)  因全球通膨外加俄烏戰爭及近來供應鏈受到疫情的影響，電子產品如手機及NB的 銷售尚未回溫，下游在第二季的拉貨力道應不會太強，但敦泰有與客戶簽訂長期供 貨合約的保障，全年出貨仍會維持在相當水準，只是受手機目前庫存偏高，出貨狀 況有明顯遞延。  On top of the global inflation, Russia-Ukraine war and supply chain disruption caused by COVID-19, further weakened the demand of cellphone and NB. Howe

9. Slide 9: Future Outlook (II)

   Future Outlook /未來展望 (II)  因部份產品生產週期較長，生產成本也相對反應的比較慢，故生產成本依然會小幅 增加直到第二季末， 預估對整體毛利率影響在可控範圍。  Because the long production cycle of some products, which also reflects the slow rising of production cost, we expect the manufacturing cost will continue to increase until the end of 2022’Q2. Nevertheless,

10. Slide 10: Future Outlook (III)

    Future Outlook /未來展望 (III)  指紋產品在經過多年的耕耘後，產品已獲得數家大廠的認可，從今年第一季度開始 出貨呈現逆勢增長，預期在2022年應有較好的表現。  After years of efforts, FocalTech’s Fingerprint solutions have successfully penetrated tier- 1 clients. The shipment of Fingerprint sensor products has been increasing in spite of the slow market. We expect

11. Slide 11: THANKS

    THANKS Copyright © 2021 FocalTech Systems Co., Ltd. All Rights Reserved. The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a numbe

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