Amiccom Electronics Corp. · TPEX:5272
Amiccom Electronics — On-line Investor Conference 2022-5-26
37 slides from Amiccom Electronics's conference presentation, May 26, 2022
Slide 1: 2022-5-26 On-line Investor Conference
Stock code：5272 AMICCOM Electronics Corporation 2022-5-26 On-line Investor Conference Contact window for investors Spokeswoman: Jessica Kan Lecturer Deputy Spokeswoman: Vicky Chao TEL：+886-3-560-1717 Assistant VP: F. L. Lin E-mail：ir@amiccom.com.tw 1
Slide 2: Disclaimer
Disclaimer The following presentation contains projections and statements related to future business performance developments involving AMICCOM Electronics Corp. that may be seen as forward-looking statements. Actual events and results may differ materially from what is projected in the forward-look
Slide 3: Agenda
AGENDA Company profile Financial overview Industry trends Product strategy Q&A 3
Slide 4: Company Profile
J AMICCOM Electronics Corporation AMiccoM 2A BSFRABRAA Company Profile
Slide 5: Company profile
Company profile Established at 09/23/2005 Headquarter：10F., No.18, Taiyuan St., Zhubei City, Hsinchu County 30265, Taiwan, R.O.C Capital：559,731,180 NTD 2021 Revenue：579,747,520 NTD 5
Slide 6: Company profile
Company profile Employee：98 (RD 68%, 50% with Master degree) Business content：Research、development、 design、manufacture and sale for RFIC Offices：Hsinchu、Taipei、Shenzhen、 Shanghai Product：RF IC、RF SOC 6
Slide 7: Financial Overview
J AMICCOM Electronics Corporation AMiccoM 2A BSFRABRAA Financial Overview
Slide 8: Income statement (2021 vs 2020)
Income statement (2021 v.s. 2020) unit：NTD’k Item 2021 2020 YOY Operation revenue 579,748 445,014 30% Gross profit 298,674 202,343 48% Gross margin 51% 45% -- Operation expense 257,028 242,156 6% Operation expense ratio 44% 54% -- Operation profit 41,646 -39,813 Turn loss into gain Operation margin
Slide 9: Revenue and Profit for 4 years
Revenue and Profit for 5 years NTD’K 700,000 120% Revenue Growth Rate 579,748 0.96 100% 600,000 553,240 30% 521,596 80% 500,000 445,014 60% 49% 49% 51% 45% 400,000 40% 0.22 300,000 20% 0% 200,000 ‐20% 100,000 ‐0.33 52,520 ‐40% 12,504 ‐ ‐0.61 ‐60% ‐18,542 ‐33,447 ‐100,000 ‐80% 2018 2019 2020 2021 Re
Slide 10: 2022Q1 Operation status
2022Q1 Operation status QoQ 12% 190,000 176,306 60% 190,000 176,306 60% 170,000 YoY 37% 170,000 157,658 150,000 55% 55% 150,000 55% 55% 128,238 130,000 130,000 53% 50% 50% 110,000 96,450 110,000 96,450 90,000 90,000 84,194 45% 45% 45% 70,000 57,819 YoY 67% 70,000 QoQ 15% 50,000 40% 50,000 40% 2021Q
Slide 11: EPS and dividend in 10 years
EPS and dividend in 10 years Payout ratio over 70% Payout ratio 89.31% 86.61% 86.63% % 2.97 2.67 2.68 1.00 91.46% 80.52% 1.64 89.65% 78.83% 2.31 2.32 1.38 0.96 1.13 1.65 1.50 0.89 1.11 0.22 0.86 -0.33 -0.61 year 年度 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Cash dividend from capital reserve
Slide 12: Revenue structure analysis
Revenue structure analysis NTD’K 300,000 250,000 200,000 150,000 100,000 50,000 0 2018 2019 2020 2021 2022Q1 2.4GHz Product Proprietary 211,051 208,775 210,838 257,904 90,753 Sub_1GHz Product 238,468 213,747 137,529 215,432 60,259 Standard Product 64,061 43,095 48,332 46,993 14,308 Others 39,660 55
Slide 13: Product sale distribution
Product sale distribution Audio/Voice Year 2020 Year 2021 8% Audio/Voice 5.8GHz 6% 5.8GHz Others 1% Others 2% 2% Standard Standard 11% 0% 8% Satellite Satellite 1% 2.4GHz 2% 2.4GHz 44% Sub_1GHz 47% 31% Sub_1GHz 37% Product type 2020 2021 2.4GHz 47% 44% Sub-1GHz 31% 37% Standard 11% 8% Others (Audio
Slide 14: 2022Q1 product sale distribution
2022Q1 product sale distribution Audio/Voice 5.8GHz Others 2% 2% 2% Standard… Satellite 1% 2.4GHz 51% Sub_1GHz 34% Product type 2022Q1 2.4GHz 51% Sub-1GHz 34% Standard 8% Others (Audio + 5.8GHz) 7% 14
Slide 15: Product sale region distribution
Product sale region distribution Year 2020 Year 2021 EURO KOREA KOREA 1% EURO 2% 2% 2% SINGAPORE SINGAPORE TAIWAN 4% 5% TAIWAN 31% 35% CHINA HONG KONG CHINA HONG KONG 6% 51% 7% 54% Region 2020 2021 Taiwan 35% 31% HK/China 58% 60% Korea/EURO/Singapore 7% 9% 15
Slide 16: 2022Q1 Product sale region distribution
2022Q1 Product sale region distribution EURO KOREA 4% 2% TAIWAN SINGAPORE… 36% CHINA 6% HONG KONG 44% Region 2022Q1 Taiwan 36% HK/China 50% Korea/EURO/Singapore 14% 16
Slide 17: Industrial trends
J AMICCOM Electronics Corporation AMiccoM 2A BSFRABRAA Industrial trends
Slide 18: Sub_1GHz/2.4GHz market
Sub_1GHz/2.4GHz market 2020~2030 IOT application market size (source: McKinsey Global institute, Nov. 2021) 2020 ~2030 CAGR ~23% 18
Slide 19: Sub_1GHz/2.4GHz market
Sub_1GHz/2.4GHz market 2016 ~2021 China smart home market size -- CAGR16% Source: 19
Slide 20: Sub_1GHz/2.4GHz market
Sub_1GHz/2.4GHz market Source: IDC《 China Quarterly Smart Home Device Tracker - Product Segment，2021Q4》 20
Slide 21: Sub_1GHz
Sub_1GHz 2014~2023 China smart electric meter market size 2018~2023 Year growth 5~6% 21
Slide 22: Sub_1GHz
Sub_1GHz 2017~2021 China smart water meter market size 22
Slide 23: Sub-1GHz/2.4GHz China RFID
Sub-1GHz/2.4GHz China RFID 2018~2024 China RFID market size (unit 0.1billin) 2018 ~2024 CAGR ~15% 23
Slide 24: Sub_1GHz
Sub_1GHz 2020~2030 Wi-SUN global market size 0.1billion 24
Slide 25: 2.4GHz ESL
2.4GHz ESL 2020~2027 Global ESL market size Source：www.gminsight.com 25
Slide 26: BLE Single-Mode Market
BLE Single-Mode Market BLE devices increase x2 in five years Source：BT SIG/ABI Research 2022 26
Slide 27: Product Strategy
| Ae AMICCOM Electronics Corporation AMiccoM 2A BSFRABRAA Product virategy
Slide 28: Main product line
Main product line 2.4GHz Sub_1GHz •KB/MS/Gaming •ESL •AMR •ETC •Smart Home •Toy/Remote controller •Car alarm 5.8GHz Audio AMICCOM • Remote controller •Audio/Video • Audio/Video •Gaming Headset •Smart Home •LNB •Fitness band •Switching box Bluetooth •Health/Medical Satellite LE 28 28
Slide 29: Product application (2.4GHz)
Product application(2.4GHz) Keyboard Wireless Game & Mouse Earphone Controller RFID Helicopter Rock Band card Baby ESL iRobot Monitor 29
Slide 30: Product application (Sub-1GHz)
Product application(Sub-1GHz) AMR Smart Home Smart City Switch Heater Controller Wireless Wireless temperature smoke controller detection Car Security Home security & Remote Wireless control door bell Smart Home Weather station Curtain control RC car 30
Slide 31: Product application (Bluetooth LE/Zigbee)
Product application(Bluetooth LE/Zigbee) BEL BLE Keyboard Weight scale sphygmoma & Mouse nometer BLE BLE blood Fitness band glucose meter BLE Smart Lock BLE Herat BLE beat belt Thermometer BLE Finder / Tracker RF4CE BLE Remote BLE Selfie Stick Smart toilet Controller 31
Slide 32: Product application (Wireless Audio)
Product application(Wireless Audio) Wireless MIC Wireless Headset Wireless Speakers Wireless Audio Guide Wireless Earphone 32
Slide 33: Product application (5.8GHz)
Product application(5.8GHz) Wireless Headset Unmanned Aerial Vehicle (5.8GHz) ) Wireless Audio Digital Wireless Microphone System (5.8GHz) ETC (5.8GHz) 33
Slide 34: Product application (Satellite)
Product application(Satellite) Low Noise Block Twin LNB downconverter(LNB) Quad LNB Octo LNB 34
Slide 35: 2022 New Product
2022 New Product RF SOC with ARM Cortex-M4 • A8112M4 Audio • 2.4GHz Wireless Audio SOC • 512KB Flash, 80KB SRAM • Low latency for niche application Bluetooth • A3127M4 • 2.4GHz Low power Bluetooth LE SOC LE • 512KB Flash, 80KB SRAM • BLE 5.1 AOA/AOD for direction finding • A9136M4 Sub_1GHz • 169/315
Slide 36: AMICCOM public information
AMICCOM Electronics Corporation public information Web site ‐‐ http：//www.amiccom.com.tw Click「investor Relations」and investor can access the following public information: Financials Shareholder Services Stock information Corporate Governance Also can visit MOPS website (mops.twse.co
Slide 37: Thank You! Q&A
| AMICCOM Electronics Corporation ‘amiccom 2 SFR ARRAA Thank You ! Q&A
AMICCOM Electronics — On-line Investor Conference 2022-5-26 on 6ix