Semilux International Ltd. · NASDAQ:SELX
Semilux International — SPAC Merger (October 2023)
25 slides from Semilux International's SPAC merger presentation, Oct 23, 2023
Slide 1: Semilux International Ltd. / Taiwan Color Optics, Inc. Investor Presentation
SEMILUX INTERNATIONAL LTD. TAIWAN COLOR OPTICS, INC. Investor Presentation • October 2023
Slide 2: PIPE Presentation Disclaimer
PIPE PRESENTATION DISCLAIMER THIS PRESENTATION AND I TS CONTENTS ARE CONFIDENTIAL AND ARE NOT F OR RELEASE, REPRODUCTION, PUBLICATION OR DISTRI BUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR IN OR INTO OR FROM ANY JURISDICTION WHERE SUCH RELEASE, REPRODUCTION, PUBLICATIO
Slide 3: PIPE Presentation Disclaimer
PIPE PRESENTATION DISCLAIMER Confidential Information The information contained in this Presentation is confidential and being provided to you solely for the purpose of assisting you in familiarizing yourself with SPAC and the Co mpany in connection with their proposed Transaction. Neither this Pres
Slide 4: Table of Contents
TABLE OF CONTENTS I. COMPANY OVERVIEW II. FINANCIAL OVERVIEW 4
Slide 5: Today's Presenters
TODAY’S PRESENTERS SEMILUX INTERNATIONAL LTD. / TAIWAN COLOR OPTICS, INC. CHENGHE ACQUISITION CO. YP Chang ‒ Chairman, Co-CEO Richard Qi Li ‒ Chairman 20+ years of experience 20+ years of experience CN Liu ‒ CTO Shibin Wang ‒ CEO and Director 10+ years of experience 15+ years of experience Deborah C
Slide 6: Chenghe Acquisition Co.
Chenghe Acquisition Co. Chenghe Acquisition Co. (NASDAQ: CHEA) Ken Hitchner Richard Qi Li is a Special Purpose Acquisition Company Chairman of Advisory Board Chairman of Board 28+ years of experience 20+ years of experience Chenghe Board and Executive bring decades of global leadership experience fr
Slide 7: I. Company Overview
SemiLux Qc I. COMPANY OVERVIEW
Slide 8: Overview
OVERVIEW SIGNIFICANT GROWTH AV MARKET For level 2+ of autonomous driving, LiDAR can achieve more precise environmental mapping and positioning KEY SEMICONDUCTOR CHIP DESIGN FOR LIDAR AND ADB SOLUTIONS Offer LiDAR and ADB modular solutions that provide high-performance, cost-efficiency, and vehicle-g
Slide 9: Investment Highlights
INVESTMENT HIGHLIGHTS • Regulatory environment and consumer preferences leading to the rapid development of LiDAR and 1 Rapidly growing LiDAR and ADB market ADB market • System-on-chip design are the core building blocks for LiDAR and ADB 2 Breakthrough LiDAR and ADB design with semiconductor compon
Slide 10: Meet Our Team
MEET OUR TEAM 3 CO-FOUNDERS Alan Wang YP Chang Kirk Huang Co-CEO Chairman and Co-CEO Vice President 20+ years of experience 20+ years of experience 25+ years of experience OTHER LEADERSHIP Chun-Nien Liu Mark Chang CTO Chief Engineer 10+ years of experience 25+ years of experience Charles W. Tu – Deb
Slide 11: Semilux/TCO Is Your Key Semiconductor Provider
SEMILUX/TCO IS YOUR KEY SEMICONDUCTOR PROVIDER Tier-2 Qualified Supplier Join Foxconn’s MIH for Laser Headlight (1) open EV Platform Tier-1 Partnership Qualified Supplier OEM Partnership OEM Partnership University & Industry Collaboration Laser Light Module ADB Headlight Solid-State LiDAR Design Des
Slide 12: MIH Open EV Platform to Access Autonomous Customers
MIH OPEN EV PLATFORM TO ACCESS AUTONOMOUS CUSTOMERS Partners Reference Design Customers(1) Modular Solutions Reference Adoption Solid-State LiDAR ADB / Laser Headlight LiDAR and ADB Solution Provider (1) Ceer and Stellantis currently do not have any relationship with TCO. 12
Slide 13: Differentiated Distribution Model Enables Rapid Growth
DIFFERENTIATED DISTRIBUTION MODEL ENABLES RAPID GROWTH Expected Global Auto Manufacturers(1) Fabless and IC Chipset Design OEMs / Tier-1 supplies such as Foxconn and Pegatron supply to auto manufacturers around the globe SemiLux provides Advanced Solutions Advanced R&D advanced LiDAR and ADB solutio
Slide 14: Win the Interests from OEM / Tier-1 Partners
WIN THE INTERESTS FROM OEM / TIER-1 PARTNERS Cost Effective Robust & Reliable Calibration-Easy Mass-Production Silicon photonic integration circuit design Products designed to meet vehicle quality Wafer level optical design System-on-Chip mass production and fit whole CMOS processing standards enabl
Slide 15: Overview of the Semiconductor Ecosystem
OVERVIEW OF THE SEMICONDUCTOR ECOSYSTEM(1) Segment Description Companies Chip Intellectual • Companies in this segment license their chip designs - as software building blocks, called IP Cores - for wide use Property (IP) Cores Electronic Design • Engineers design chips (adding their own designs on
Slide 16: Advantages of Our Design Inhouse Model
ADVANTAGES OF OUR DESIGN INHOUSE MODEL SemiLux has chosen the business model to position itself for rapid growth in a quickly evolving market Cost Effective Evolving Technology Greater Demand Experienced Team Solutions Provider § With respect to our IC chipset § Manufacturing LiDAR systems at § Comp
Slide 17: Strategy for Business Development
STRATEGY FOR BUSINESS DEVELOPMENT Strategy SemiLux provides IC design, optical SemiLux plans to work with the Taiwan SemiLux has formed partnerships with components, and the delivery of laser- semiconductor ecosystem to provide Tier-1 suppliers to provide LiDAR and based sources for the development
Slide 18: Strengths of Our Business Model
STRENGTHS OF Global Top 10 IC Design Company(1) USD $M 2021 Rank 2020 Rank Company 2021 Revenue 2020 Revenue YoY Auto manufacturers purchase OUR BUSINESS 1 2 3 1 3 2 Qualcomm NVIDIA Broadcom $29,333 $24,885 $21,026 $19,407 $15,412 $17,745 51% 61% 18% SemiLux products from OEMs MODEL such as Foxconn
Slide 19: A Rapidly Growing Automotive Sector
A RAPIDLY GROWING AUTOMOTIVE SECTOR Automotive Sales (USD $B) Vehicle Sales by SAE(1) Level (% of Vehicles) 1 2 9 10 $3,800 21 43 $3,027 $2,755 52 23 70 18 32 17 2020 2025E 2030E 2019 2025E 2030E Automotive Sales Level 0 Level 1 Level 2 Level 3 Level 4 A combination of increasing automotive sales an
Slide 20: Massive Total Addressable Market
MASSIVE TOTAL ADDRESSABLE MARKET Underlying Secular Tailwinds • Changing customer preferences and regulations that prioritize safety are Global Market Size 2025E leading to greater adoption of autonomous-driving and advanced driver assistance systems $11.6B • With increasing urbanization, there is a
Slide 21: II. Financial Overview
SemiLux Qc II. FINANCIAL OVERVIEW
Slide 22: Illustrative Transaction Framework for Public TCO
ILLUSTRATIVE TRANSACTION FRAMEWORK FOR PUBLIC TCO Transaction Highlights Implied Sources & Uses Deal Structure Sources ($M) Uses ($M) • Taiwan Color Optics (TCO) shareholders rolling 100% of their equity and will own a pro forma equity ownership of 72.6% TCO Equity Rollover $380 TCO Equity Rollover
Slide 23: Selected Publicly Traded Companies
SELECTED PUBLICLY TRADED COMPANIES Optical and Electrical LiDAR Solutions Components • Established team with a proven track record • Fabless ICs Design for OEM/Tier-1 system of ADB and LiDAR products • High-growth • Established players in the optical / • Providers of software and/or • Expanding marg
Slide 24: Illustrative Valuation Benchmarking
ILLUSTRATIVE VALUATION BENCHMARKING EV / 2024E Revenue Optical and Electrical Components LiDAR Solutions Median: 2.7x Median: 8.0x 11.7x 11.2x Median: 4.3x 4.8x 4.0x 2.9x 2.7x 2.3x Source: FactSet as of 7/21/2023 24
Slide 25: Thank You
OLD DECK BEHIND THIS >> Thank You 25