Playnitride, Inc. · TWSE:6854
Playnitride — Investor Conference May 29, 2025
38 slides from Playnitride's conference presentation, May 29, 2025
Slide 1: Investor Conference May 29, 2025
PlayNitride Inc. 錼創科技-KY Investor Conference May 29, 2025
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. Product Applications V. Financial Performance III. New Technology Development VI. Prospect & Planning 3
Slide 4: Company Overview
—, I Company Overview
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: 2025Q1 Fundraising Completed
PlayNitride Inc. 錼創科技-KY 2025Q1 Fundraising Completed Total Fundraising: NT$2.774 Billion CB SPO • NT$100,000 per bond, 8,000 bonds • Subscription price: NT$188 per share, issued → NT$800 million raised 10,500,000 shares issued → NT$1.974 • Conversion price: NT$248.3 per share, billion raised 3-year
Slide 7: Main Shareholders
PlayNitride Inc. 錼創科技-KY Main Shareholders • SVIC • JKL • EPISTAR • Konly Venture Corporation（AUO Group） • LITEON Technology • Mr. Hsueh-Jen Sung • Chairman Charles Li
Slide 8: Capital Utilization
PlayNitride Inc. 錼創科技-KY Capital Utilization Capital Expenditure Working Capital Enhancement • Address production line equipment shortages, • Support company’s revenue growth and expanding capacity from 2,000+ to over 3,000 increase material inventory wafers • Spare parts/CoC process material invent
Slide 9: Overseas Companies (Multiple Production Sites) – Motivation for Establishment
PlayNitride Inc. 錼創科技-KY Overseas Companies (Multiple Production Sites) – Motivation for Establishment Geopolitical / Tariff-related Factors… • Established in May 2023: PlayNitride U.S. subsidiary • Ongoing expansion of U.S. subsidiary operations ICFC=In China, for China • China is an important mark
Slide 10: Impact of New Tariffs
PlayNitride Inc. 錼創科技-KY Limited Impact from Customer Tariffs Communication PlayNitride's direct Proactively engaging sales revenue from customers to address the U.S. market impacts and align on accounts for less than solutions. No tariff- 3%, so the impact on related order company operations is can
Slide 11: Product Applications
—, I Product Applications 11
Slide 12: MicroLED in CES
PlayNitride Inc. 錼創科技-KY 76" MicroLED in CES 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 for unparalleled pic
Slide 13: 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) 13
Slide 14: MicroLED in CES
PlayNitride Inc. 錼創科技-KY MicroLED in CES AUO Transparent MicroLED Display (source: Omdia Report) 14
Slide 15: 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) 15
Slide 16: 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 17: 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) 17
Slide 18: Wearable MicroLED Display
PlayNitride Inc. 錼創科技-KY Wearable MicroLED Display 1.39" 338ppi MicroLED Circular Display 18
Slide 19: New Technology Development
New Technology Development 19
Slide 20: To compete with OLED technology—High Voltage low current Tantium chip design
PlayNitride Inc. 錼創科技-KY To compete with OLED technology— High Voltage low current TantiumTM chip design Novel type of MicroLED design • Revolutionary product • Cd/A increase 80%-100% • Power saving ~40% Outperform OLED on Power consumption and lifetime “without any change of panel design.”
Slide 21: 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 21
Slide 22: The First Priority Is Being Stylish and Lightweight!
PlayNitride Inc. 錼創科技-KY The First Priority Is Being Stylish and Lightweight! Ref: internet
Slide 23: Monolithic Full-Color MicroLED Microdisplay for AI Glasses Applications
PlayNitride Inc. 錼創科技-KY Monolithic Full-Color MicroLED Microdisplay for AI Glasses Applications 5,644 PPI Full-Color MicroLED Microdisplay Technical Highlights: • A newly designed CMOS backplane specifically developed for MicroLED • Ultra-small size: 0.18 inch • High resolution: 720 × 720 • Industr
Slide 24: Business Strategy and Deployment
Business Strategy and Deployment 24
Slide 25: 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 26: Cost, Market Demand, Production Capacity
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 27: 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 28: Financial Performance
—, I Financial Performance 28
Slide 29: Revenue and EPS
PlayNitride Inc. 錼創科技-KY ✓ Revenue this quarter increased slightly compared to the same period last year. Revenue and EPS ✓ In Q1, the handling of CB/SPO underwriting fees impacted EPS. Revenue shows steady annual growth [Note] Non-operating income ：2022 NTD 206 million, 2023 NTD 49.4 million, 2024
Slide 30: Monthly revenue
PlayNitride Inc. 錼創科技-KY Monthly revenue Revenue Decline in (mn, NTD) March & April 2022 2023 2024 2025 350 ✓ COC customer demand 300 was lower than forecast 250 (Q1 and Q2 2025) 200 ✓ Mostly postpone their 150 demand or shift to new 100 model, not cancel order. 50 0 1 2 3 4 5 6 7 8 9 10 11 12
Slide 31: Gross Margin
PlayNitride Inc. 錼創科技-KY Gross Margin Revenue (nm, NTD) Gross Margin (%) Maintained product 800 50% gross margin 43.47% 45% 700 40% 40% 600 36.17% 32.61% 35% 30.67% 500 30% 400 25% 714 20% 300 16.15% 13.71% 525 15% 200 7.57% 353 323 300 10% 248 245 100 206 5% 0 0% 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2
Slide 32: Revenue Breakdown
PlayNitride Inc. 錼創科技-KY (mn, NTD) 800 Revenue Breakdown 700 600 500 400 300 200 100 0 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 CoC Technical Services Turnkey Solution Construction Services Equipment Others (mn, NTD) CoC CoC (mn, NTD) Services Turnkey Solution Construction Serv
Slide 33: Prospect & Planning
—, I Prospect & Planning 33
Slide 34: Ride the Wave of MicroLED, Leverage the Display Industry
PlayNitride Inc. 錼創科技-KY ⚫Add New Business Item ⚫Global Expansion In addition to CoC,Turnkey Solution, and NRE, In response to customer demands and the sales of transfer equipment is to be added. geopolitical considerations, we are expanding overseas manufacturing and operational sites. ⚫Continuous
Slide 35: Innovation Board to Fully Open in January Next Year
Breaking Tradition! Innovation Board to Fully Open in January Next Year — 13 Million Shareholders to Benefit Starting January 6, 2025, the restriction on qualified investors will be lifted, allowing more investors to participate in investments in innovative companies. Source form : 2024/12/17 tw.new
Slide 36: Innovation Board 2.0 Launched
Innovation Board 2.0 Launched Steady growth in number of shareholders： • Before listing: 228 shareholders • From Innovation Board listing (Aug 2022 ~ End of 2024): approx. 1,400 shareholders • After new Innovation Board system launched ~ just 4 months: → Number of shareholders doubled to 4,500 Total
Slide 37: PlayNitride Included in MSCI Index (2025/02/12)
PlayNitride Inc. 錼創科技-KY PlayNitride Included in MSCI Index (2025/02/12) • MSCI (Morgan Stanley Capital International) announced its quarterly index adjustment results on February 12. Ten new companies were added to the MSCI Global Small Cap Index, while 41 companies were removed. The adjustment is
Slide 38: Q&A Session
PlayNitride Inc. 錼創科技-KY Q&A Session Website 38