Slide 1: 2024 Q4 and Full Year Earnings Updates
Drive for better vision : HIMX 2024 Q4 and Full Year Earnings Updates
Slide 2: Earnings Call Presenters
Earnings Call Presenters Jordan Wu Jessica Pan Eric Li President and Chief Financial Officer Chief IR/PR Officer Chief Executive Officer 1
Slide 3: Forward Looking Statements
Forward Looking Statements Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the
Slide 4: 2024 Q4 Financial Summary
2024 Q4 Financial Summary Revenues, GM & profits all surpassed 2024 Q4 Sales & Breakdown guidance 10.5% • Stronger orders, cost gains, better product mix LDDIC Revenues $237.2M Beat $25.0M • +6.7% QoQ; +4.2% YoY 19.2% • Guidance: slight decrease to flat QoQ Non-Driver $45.4M GM 30.5% Beat SMDDIC • +
Slide 5: 2024 Q4 Financial Summary by Segment
2024 Q4 Financial Summary by Segment LDDIC Revenue $25.0M • -18.6% QoQ 2024 Q4 Sales & Breakdown • Ongoing customer destocking from Q2 replenishment; rising CN price competition 10.5% SMDDIC Revenue $166.8M Beat LDDIC LDDIC • +7.4% QoQ (Guidance: flat QoQ) $25.0M $25.0M • Stronger-than-expected auto
Slide 6: 2024 Q4 Operating Expenses & Profits
2024 Q4 Operating Expenses & Profits Operating Expenses $49.2M • -19.1% QoQ / -6.0% YoY Operating Income $23.1M • 24Q3 $5.9M / 23Q4 $16.7M Operating Margin 9.7% • 24Q3 2.6% / 23Q4 7.3% Net Profit $24.6M • 24Q3 $13.0M / 23Q4 $23.6M EPS 14.0 cents • 24Q3 7.4 cents / 23Q4 13.5 cents 5
Slide 7: 2024 Full Year Financial Summary
2024 Full Year Financial Summary Revenues $906.8M 2024 Full Year Sales & Breakdown • -4.1% YoY • Weak global demand and market uncertainty 13.9% • Panel customers' cautious purchasing and LDDIC inventory control $125.9M -28.3% YoY • Strong auto IC sales with 20% YoY growth 17.1% • Auto TDDI and Tcon
Slide 8: 2024 Full Year Operating Expenses & Profits
2024 Full Year Operating Expenses & Profits Operating Expenses $208.0M • -5.6% YoY Operating Income $68.2M • 2023 $43.2M Operating Margin 7.5% • 2023 4.6% Net Profit $79.8M • 2023 $50.6M EPS $0.46 • 2023 $0.29 7
Slide 9: Balance Sheet as of December 31, 2024
Balance Sheet as of December 31, 2024 Q4 Free Cash Balance Q4 Free Cash Balance Increased • 24Q3 $206.5M / 23Q4 $206.4M $224.6M Q4 Operating Cash Inflow $35.4M Q4 Inventories • Compared to $3.1M outflow in 24Q3 $158.7M US$M $500.00 Inventory Level $410.1 $400.00 $370.9 $335.2 $297.3 $300.00 $259.6 $
Slide 10: 2025 Q1 Guidance
2025 Q1 Guidance Decrease 8.5% ~ 12.5% QoQ, Revenues implying flat ~ +4.6% YoY Around 30.5% Gross Margin up from 29.3% same quarter last year 9.0 cents to 11.0 cents per diluted ADS, Net Profit implying +26% to +54% YoY • Note: No customer pull-in from tariff factor in the Q1 revenue guidance 9
Slide 11: 2025 Q1 Outlook
2025 Q1 Outlook 2024 sales outperformed guidance every quarter Navigated limited market visibility as customers relied on rush orders for actual needs Met rush orders with inventory management & market responsiveness Auto IC sales remained the largest contributor in 2024 • ~50% of total sales • ~20%
Slide 12: 2025 Q1 Outlook Beyond Driver IC
2025 Q1 Outlook Beyond Driver IC WiseEye AI • Notable progress with leading notebook brands • Breakthroughs in smart door lock, palm vein authentication & smart home • Strong growth expected in 2025 and beyond Diverse Ultralow Power AI Use Cases Human Presence Face Mesh Door Lock Face + Palm Vein Bi
Slide 13: 2025 Q1 Outlook - WLO for CPO Updates
2025 Q1 Outlook - WLO for CPO Updates Announced FOCI partnership in June 2024 to integrate WLO into CPO for AI MCM Trial production in 2025, with customer timelines undisclosed CPO prospect not changed by DeepSeek disruptions CPO adoption trend in high-performance AI remains clear Rising customer sa
Slide 14: Himax Innovations at CES 2025
Himax Innovations at CES 2025 Showcased auto displays, WiseEye AI & advanced optics for AR/VR Rising enthusiasm in AR glasses with Gen AI 3 critical technologies for AR glasses: • 400K-nit Front-lit LCoS Microdisplay with superior power, size & display quality • WLO for waveguide with optimized ligh
Slide 15: Himax Innovations at CES 2025
Himax Innovations at CES 2025 Auto Display IC • Unveiled comprehensive LCD & OLED IC solutions, enhancing smart cabin interaction, safety, and user experience • Collaborated with AUO on Display HMI, enabling large-size, high-resolution, and freeform auto displays Knob on Display OLED Tcon / DDIC AUO
Slide 16: Himax Innovations at CES 2025
Himax Innovations at CES 2025 WiseEye-enabled AIoT • Production-ready WiseEye Modules with partners for AIoT • Applications included palm vein authentication, baby cry detection, people flow management & human sensing detection • Enabled fast, seamless integration for various AIoT deployments Palm V
Slide 17: 2025 Q1 Outlook - LDDIC
2025 Q1 Outlook - LDDIC Q1 LDDIC sales to increase single digit QoQ • Driven by CN government’s subsidies for household appliances • NB and monitor IC sales to increase QoQ • TV IC sales to down QoQ due to prior inventory purchases and seasonal effects Growing demand for premium NB with OLED and tou
Slide 18: 2025 Q1 Outlook – SMDDIC
2025 Q1 Outlook – SMDDIC Auto driver IC (DDIC & TDDI) • Driver sales rose ~20% YoY, surpassing global auto growth, driven by TDDI • Q1 auto IC sales to decline low-teens QoQ after quarters of surge demand, but increase mid-teens YoY • TDDI dominates with 50%+ market share, ~500 design-wins with 30%
Slide 19: 2025 Q1 Outlook - SMDDIC
2025 Q1 Outlook - SMDDIC Auto Display IC Innovations • Leads auto display IC innovations • TED integrates TDDI and local dimming Tcon into a cost-effective single chip • User-aware auto TDDI touch prevents cross-touch, enhancing driving safety • Knob-on-in-cell-display combines a physical knob with
Slide 20: 2025 Q1 Outlook – OLED Updates
2025 Q1 Outlook – OLED Updates Auto OLED • Strategic partnerships with leading KR/CN/JP panel makers • Expanding beyond premium cars, leveraging LCD expertise to drive OLED adoption • First-mover advantage to drive OLED leadership with DDIC, Tcon & on-cell touch • Set to lead OLED transition and gro
Slide 21: Non-driver Business Updates
Non-driver Business Updates Q1 non-driver revenue to decrease high teens QoQ Q1 Tcon sales to decrease mid-teens QoQ • Due to non-recurrence of a one-time ASIC Tcon shipment and moderated automotive Tcon demand Strong auto Tcon position • Unrivaled leader in local dimming Tcon for premium/mainstream
Slide 22: WiseEye Ultralow Power AI Sensing
WiseEyeTM Ultralow Power AI Sensing Competitive edge in fast rising AI market WiseEyeTM Drive for AI Everywhere • Ultralow power consumption • Context-aware, on-device AI • Seamless fusion of vision and other types of sensing • Enables endpoint AI, fit for battery-powered devices • Offload main proc
Slide 23: WiseEye Module
WiseEyeTM Module Numerous production-ready modules for AIoT PnP WiseEye Modules at CES 2025 • Powered by tiny, PnP WiseEye Modules • Low-/no-code AI platform for diverse use cases • HPD, gender/age/ gesture/face recognition, voice command, face mesh, thermal image sensing, pose estimation, and peopl
Slide 24: WiseEye Module
WiseEyeTM Module Physical AI Agent enablement • Perceive, process, and respond in real time Physical AI Agent • Leverage cloud-based LLM for advanced reasoning & interaction • Collaborate with Seeed Studio for SenseCap Watcher, a physical AI agent powered by WiseEye AI photo courtesy of Seeed Studio
Slide 25: WLO for CPO and Waveguide
WLO for CPO and Waveguide Himax-FOCI CPO partnership, announced June 2024 • Small-scale volume of first-gen CPO underway Cutting-edge CPO Solutions • Accelerated CPO MP timeline evident by increasing sample shipment • Advancing future generations of CPO in close collaboration with leading AI custome
Slide 26: Front-Lit LCoS Microdisplay
Front-Lit LCoS Microdisplay Ultra-luminous, 400k nits, Front-lit LCoS Front-Lit LCoS Microdisplay Microdisplay with 300 mW power consumption Showcased AR glasses POC at CES 2025 • 1,000-nit brightness to eye with 3rd party LCoS waveguide Ultra-bright, low-power, lightweight, compact Waveguide size w
Slide 27: Contact Us
Contact Us CompAany Eric Li, Chief IR/PR Officer Corporate Tel: +886-6-505-0880 Counsel hx_ir@himax.com.tw Karen Tiao, IR Relations SEC Legal Tel: +886-2-2370-3999 Counsel hx_ir@himax.com.tw Mark Schwalenberg, Director Auditor Investor Relations - US Representative MZ North America Tel: +1-312-261-6
Slide 28: Drive for better vision
—) Hirmmax Drive for better vision