Sino-american Silicon Products Inc. · TPEX:5483
Sino-american Silicon Products — TPEx Investor Conference 2015
24 slides from Sino-american Silicon Products's conference presentation, Jul 20, 2015
Slide 1: TPEx Investor Conference
TPEx Investor Conference 20 July, 2015
Slide 2: Legal Disclaimer
Legal Disclaimer This document is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. SAS’s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future,
Slide 3: SAS Business Sector (Solar)
SAS Business Sector (Solar) Silfab in Italy Sino-American Silicon Products Inc. 3
Slide 4: SAS Company Profile
SAS Company Profile Established : 1981 Paid-in Capital : NTD 5.8 B Employees : about 4,350 (worldwide) Headquarter : Hsinchu Science Park, Taiwan R.O.C. Products : semiconductor wafer(3”~12”), solar wafer / cell / module / power plant Revenue : 2015 Jan~ Jun NTD 13.9B Jun ~all time high~ 2.59B (unit
Slide 5: SAS Milestones
SAS Milestones 1981 Sino-American Silicon Products Inc. established …… 1998 New owners and management team join SAS 1999 SST established in China 2000 Enter Solar Ingot / Wafer Business 2001 SAS IPO in Taiwan ( 5483 TT ) 2006 SAS Fab-1 construction completed in Chunan 2007 Sapphire Business Unit est
Slide 6: Organization Structure
Organization Structure sapphire semiconductor solar SAS 40.44% 71.29% 80% 100% 24.7% Sunrise Crystalwise GWC SSR Accusolar formerly (GlobalWafers SSY (British Cayman (Accusolar Co., Sino Sapphire Co., Ltd. Co.,Ltd, Taiwan) (Yilan Branch) Ltd. Taiwan) Islands) 100% 100% 100% Sepalco 100% SST GT GWJ S
Slide 7: SAS Group (Solar)
SAS Group (Solar) Europe Taiwan ALEO (Germany) SAS HQ Hsinchu SAS Yilan (Fab 3) Philippines Taiwan SSR (Project Palo) SAS Chunan (Fab1 & Fab-2) 7
Slide 8: SAS Consolidated Financial Statements
SAS Consolidated Financial Statements unit: NTD M 2013 % 2014 % 2015.Q1 % Revenue 22,215 100 27,821 100 6,795 100 GM 2,439 11 3,498 13 1,064 16 OI 629 3 1,447 5 594 9 PBT 128 - 1,925 7 462 7 PAT 295 1 1,128 4 206 3 Total Debt & Debt ratio 19,088 48 19,304 47 18,165 43 ROE (%) 1.62 5.76 3.87 EPS 0.57
Slide 9: SAS – Solar Separate Financial Statements
SAS – Solar Separate Financial Statements unit: NTD M 2013 % 2014 % 2015.Q1 % Revenue 5,209 100 9,176 100 2,508 100 GM (1,356) (26) (719) (8) (14) (1) OI (1,623) (31) (1,064) (11) (107) (4) PBT 122 2 1,138 12 206 8 PAT 295 6 1,128 12 206 8 Total Debt & Debt ratio 11,112 38 10,272 33 10,399 32 ROE (%
Slide 10: Global Inverter Shipments by Region
Global Inverter Shipments by Region Source: GTM Research 12 Feb, 2015 China raised solar target to 17.8GW in 2015 10
Slide 11: SAS Sunrise Inc. (SSR)
SAS Sunrise Inc. (SSR) Company name: SAS Sunrise Inc. (SSR) Established : Jun 2015 Business scope : Solar Power Plant Project Palo (Sepalco) . Location : Palo Philippines . Capacity : 50MW . Groundbreaking on 3 July 2015 . Commercial operation from beginning of 2016 . Output 71M(KWH) per yea
Slide 12: Solar cell tariff to US market
Solar cell tariff to US market ※ US Commerce department final decision (7 July 2015) Anti-dumping duties for solar cell Taiwan average 19.5% Anti-dumping & Anti-subsidy duties for solar cell China average 31% Impact to Taiwan & China solar industry Taiwan : Regain competitiveness to US sol
Slide 13: SAS Business Sector (SEMI) GlobalWafers Co., Ltd.
SAS Business Sector (SEMI) GWC fab in Niigata, Japan GlobalWafers Co., Ltd. 13
Slide 14: GWC Company Profile
GWC Company Profile Established : 2011 (spin off from SAS) Paid-in Capital : NTD $3.493 B Employees : about 2,600 (worldwide) Headquarter : Hsinchu Science Park, Taiwan, R.O.C Products : 3”~12” semiconductor wafer Revenue : 2015 Jan~ Jun NTD 8.0 B Million NTD 20,000 15,000 10,000 5,000 -
Slide 15: GWC Milestones
GWC Milestones 1981 Sino-American Silicon Products Inc. established …… 1998 New owners and management team join SAS 1999 SST established in China 2001 SAS IPO in Taiwan (5483 TT) 2008 Acquired GlobiTech Incorporated, TX, USA 2011 Company spin off – SAS / GWC / SSC 2012 Acquired Covalent Silicon, Jap
Slide 16: GWC Milestones
GWC Milestones 102年 12月 • 台灣智慧財產管理制度 103年 09月 (TIPS)認證通過。 •股票公開發行 • 獲得國健署102年度健 康職場啟動標章認證肯 定。 101年04月 • 收購日商Covalent 103年10月 Materials Corp.旗下半 103年 07月 •股票登錄興櫃買賣 導體矽晶圓事業部。 • TS16949：2009 • 股本3,175,000仟元。 認證通過 102年 08月 • ISO14001認證通過 100年10月 • 環球晶圓正式成立，股本 1,800,000仟元
Slide 17: GWC Group (Semi)
GWC Group (Semi) GWJ Japan Taiwan GWJ Oguni GWJ Niigata GWC HQ Hsinchu GWJ Tokuyama GWJ Sekikawa China USA SST Kunshan Globitech TX 17
Slide 18: GWC Consolidated Financial Statements
GWC Consolidated Financial Statements unit: NTD M 2013 % 2014 % 2015.Q1 % Revenue 15,570 100 15,922 100 4,044 100 GM 3,663 23 3,728 23 1,019 25 OI 2,194 14 2,336 14 688 17 PBT 2,204 14 2,679 16 665 17 PAT 1,948 12 2,095 13 476 12 Total Debt & Debt ratio 7,939 37 8,184 38 7,148 31 ROE(%) 14.95 15.91
Slide 19: GWC wafers are used in..
GWC wafers are used in.. MOS applications: Logic, Memory, CIS, MROM, 3D Nor/Nand Flash, Driver ASIC.. Handheld PC, Tablet TV Sensor MOS Application Game 8” 12” Sensor Transformer ≦8” ≦6” Discrete Power MOSFET Shinkansen EV Industrial applications: Automobile, AC/DC power supply, lighting, Solar inve
Slide 20: Global Semiconductor Market Scale
Global Semiconductor Market Scale 20
Slide 21: Semiconductor Market Forecasts
Semiconductor Market Forecasts Source : IC Insights 2015-02-17 To exceed 0NE TRILLION units in 2017 21
Slide 22: GWC Tier-1 Client base
GWC Tier -1 Client base ASIA US/ Europe 22
Slide 23: Dividend Policy
Dividend Policy Year EPS Dividend 2010 10.5 NTD 5.5 S 2011 1.02 NTD 0.85 A 2012 (4.9) - S 2013 0.57 NTD 1.0 2014 2.06 NTD 1.8 2015.Q1 0.35 Year EPS Dividend G 2011 - spin off 2012 3.44 NTD 2.8 W 2013 6.14 NTD 5.5 C 2014 6.60 NTD 5.7 2015.Q1 1.40 23
Slide 24: Q&A
Q&A
Sino-American Silicon Products — TPEx Investor Conference 2015 on 6ix