Sunplus Technology Co., Ltd. · TWSE:2401
Sunplus Technology — Q2 2018 Earnings Presentation
24 slides from Sunplus Technology's earnings presentation, Aug 13, 2018
Slide 1: 2Q 2018 Investor Conference
2Q 2018 Investor Conference August 13, 2018 Spokesman: Wayne Shen Tel: 886-3-5786005 ext.2350 E-mail: wayne@sunplus.com Make difference
Slide 2: Sunplus Affiliates
Sunplus Affiliates Profession Shareholding Stock code Sunplus Technology Co., Ltd. (592m shares) 100% TWSE#2401 Automotive IC & IP Design Generalplus Technology Co., Ltd. (109m shares) Speech/Music, LCD, Digital Video & Image SoC Turnkey 48% TWSE#4952 Solutions, Micro-Controllers Sunext Technology C
Slide 3: Sunplus Group
Sunplus Group iCatch Technology Sunext Technology Still & Action camera Intelligent Driving & Ultra High-Definition DVD/Automotive/Audio IC & IP Generalplus Technology Consumer IC/ Wireless Sunplus Innovation charger Technology UVC & HID Application Jumplux Technology Automotive MCU & USB Media Cont
Slide 4: Sunplus Product Portfolios
Sunplus Product Portfolios AVM/BSD In-Vehicle CD/ DVD Player Infotainment RSE Karaoke/Video boombox Display Audio Soundbar 3 Make difference
Slide 5: Sunplus Research & Technologies
Sunplus Research & Technologies • Dolby, DTS, Hi- • 2D/3D AVM • CarPlay Res • De-interface, 3D • Android Auto • Surround sound comb filter, SNR • CarLife • EQ, Virtual Bass, • DeHaze • WebLink SRC, AEC, NR,.. Image/ Phone Audio Video Link 4 Make difference
Slide 6: IP Solutions
IP Solutions -Experience Optimized IP Solutions for SoC Design IC Design & IP Design Service Media I/F (Audio/Video) MIPI RX IP，HDMI Tx IP，LVDS IP， AUDIO ADC AUDIO DAC，VIDEO DAC… Data/Com I/F (Networking/Datacom) 10/100 ETHERNET PHY，USB 2.0，USB 3.0 DDR 3/2 PHY，SerDes… SoC Companion SAR ADC，Pipeline
Slide 7: Human Resources
Human Resources Global Employees Production 9% Administration Global Employees/ R&D 26% R&D 1,331 / 863 65% 42% Master above Sunplus HR Other 42% Sunplus HR/ R&D R&D 58% 282 / 163 58% Master above * Data by 2018/6/30 6 Make difference
Slide 8: Q2 Consolidated Results
Q2 Consolidated Results (NT$ million) 2018Q2 2018Q1 2017Q2 QoQ YoY Net Sales 1,799 100% 1,430 100% 1,830 100% 26% (2%) COGS 1,103 61% 880 62% 1,086 59% 25% 2% Gross Margin 695 39% 549 38% 743 41% 27% (6%) R&D Expenses 467 26% 454 32% 449 25% 3% 4% SG&A Expenses 205 11% 219 15% 226 12% (6%) (9%) Oper
Slide 9: 1H Consolidated Results
1H Consolidated Results (NT$ million) 2018 1H 2017 1H YoY Net Sales 3,228 100% 3,308 100% (2%) COGS 1,984 61% 1,991 60% (0%) Gross Margin 1,245 39% 1,317 40% (6%) R&D Expenses 921 29% 887 27% 4% SG&A Expenses 424 13% 436 13% (3%) Operating Net Profit (Loss) (100) (3%) (8) (0%) 1186% Non-Op. Gain (Lo
Slide 10: 2018 Affiliates' Contribution
2018 Affiliates’ Contribution 2Q '18 Net Sales : 1,799 MNT$ 2Q '18 Net Income MNT$ Others Sunplus 21% 17% 102 Sunext 1% Generalplus 34 47% SunplusIT 3 14% Sunplus Generalplus SunplusIT Sunext (25) 1H '18 Net Sales : 3,228 MNT$ 1H '18 Net Income Others Sunplus 151 22% 18% Sunext 2% 34 Generalplus Sun
Slide 11: Q2 Consolidated Balance Sheet
Q2 Consolidated Balance Sheet Amount: NT$million Total Assets Cash & S-T Investment Account Receivable Inventory L-T investment (equity method) Intangible Assets Total Liabilities Account Payable Total Shareholder Equity Net Cash Folw in(out) From Operation From Investment From Financing Capex 1H'06
Slide 12: Cash Flows
Cash Flows (NT$ million) 2018Q2 2018Q1 2017Q2 QoQ YoY From Operation 120 (179) (105) (167.1%) (215.1%) From Investment (313) (200) (75) 56.9% 320.3% From Financing (287) 151 114 (289.5%) (352.8%) Net Cash Flow in (out) (465) (236) (59) 97.5% 683.1% Cash and Cash equivalents 3,455 3,921 3,879 (11.9%)
Slide 13: Non-Operating Gain
Non-Operating Gain (NT$ million) 2018Q2 2018Q1 2017Q2 QoQ YoY Other Income 25 22 14 12% 75% Exchange Gain (Loss) (11) 17 19 (165%) (156%) Gain on Disposal of Investment 23 88 33 (73%) (28%) Investment Gain Recognized under (5) 1 4 (605%) (223%) Equity Method Non-Operating Gain 36 147 34 (76%) 4% (NT
Slide 14: Consolidated Net Sales & Gross Profit
Consolidated Net Sales & Gross Profit NT$ million GP YoY: GP YoY: -6% -6% GP QoQ: +27% 41% 38% 39% 40% 39% 1,830 1,799 3,308 3,228 1,430 743 695 1,317 1,245 549 2Q '17 1Q '18 2Q '18 1H '17 1H '18 COGS Gross Profit Gross Margin COGS Gross Profit Gross Margin 13 Make difference
Slide 15: R&D Expenses (Sunplus only)
R&D Expenses (Sunplus only) NT$ million 41% 39% 37% 35% 36% 30% 121 126 121 114 112 112 1Q '17 2Q '17 3Q '17 4Q '17 1Q '18 2Q '18 R&D Expense R&D Expense of Sales 14 Make difference
Slide 16: Consolidated Operating Net Profit
Consolidated Operating Net Profit NT$ million YoY: -65% YoY: +1186% QoQ: -119% 67 0% 4% 23 -3% 1% 1H '17 -8 1H '18 2Q '17 1Q '18 2Q '18 -9% -100 -123 Operating Net Profit Operating Margin Operating Net Profit Operating Margin 15 Make difference
Slide 17: Consolidated Net Profit
Consolidated Net Profit NT$ million YoY: -187% YoY: -104% QoQ: -328% 346 28 11 2% 1% -1% 10% 2Q '17 1Q '18 2Q '18 0% -25 1H '17 1H '18 -14 Net Profit Net Profit Margin Net Profit Net Profit Margin 16 Make difference
Slide 18: Financial Statement
Financial Statement 1 0.72 0.72 40% 42% 42% 39% 0.09 42% 0.2 40% -0.02 8.52 8.47 7.87 7.56 6.82 3.23 2013 2014 2015 2016 2017 2018 1H Consolidated Net Sales (BNT$) Gross Margin EPS 17 Make difference
Slide 19: Sunplus interim shareholders' meeting
Sunplus interim shareholders’ meeting Date：2018/9/12 Place：Newton Hall, No. 1 Industrial East 2nd Road, Hsinchu Science Park Discussion：The Company's original shareholding of shares and cash increase of share options of the subsidiary “iCatch Technology Co., Ltd." was transferred to all shareholders
Slide 20: SunplusiT
SunplusiT - Smart Imaging and Man-Machine Interaction Enabler UVC Application HID Application NB Cam Backend ISP MCU Web Cam RF Dashboard Cam Optical Sensor Document Scanner Controller Easy Gesture Solution 19 Make difference
Slide 21: Sunext IC Solutions
Sunext IC Solutions - Driving to Intelligent Automation Intelligent Driving Ultra High-Definition 3D Printer 4K UHD BD Barcode Printer HD BD IP CAM Driver USB DVD/CD for Automotive 20 Make difference
Slide 22: iCatch Product Portfolios
iCatch Product Portfolios - Catch the beauty of Life Still Cameras Action Cameras Automotive DSC Sport Cam Cameras Mirror-less Drone Cam Dash Cam 360 Cam Dual Recording VR Cam AVM e-Mirror 21 Make difference
Slide 23: Jumplux
Jumplux - Automotive MCU for Mobile Device USB Media HUB for CarPlay USB PD + Wireless Charger 48V PMIC + MCU USB PD/BC 22 Make difference
Slide 24: Q & A
& sunpLus “WAX! mliiiiiie Make difference