Wave Power Technology, Inc. · TPEX:6895
Wave Power Technology — Q3 2023 Earnings Presentation
30 slides from Wave Power Technology's earnings presentation, December 2023
Slide 1: Wave Power Technology Inc. Investor Conference, Dec. 2023
Wave Power Technology Inc. Investor Conference, Dec. 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation may contain forward-looking statements based on current assumptions and forecasts made by management of Wave Power Technology Inc. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future result
Slide 3: Agenda
AGENDA 1、Company overview 2、Operational Performance 3、Market Outlook 4、Financial Information 5、Future Outlook 02
Slide 4: 1、Company overview
1、Company overview 03
Slide 5: Basic Information
Basic Information Company Name WAVE POWER TECHNOLOGY INC. Capital NTD 341,000,000 Chairman & CEO Dr. CH Chao General Manager Dr. Bob Chen Establishment December, 2002 Number of employee 92 persons Microwave tubes and spare parts for semiconductor process Main business tools 04
Slide 6: 2、Operational Performance
2、Operational Performance 09
Slide 7: Industrial coverage of 4H related products
Industrial coverage of 4H related products Defense microwave tube TWT, Magnetron Spare parts of semiconductor tools (feedthrough、brazing、 heater、magnet assembly) Others (microwave system、 Commercial microwave tube storage ring of accelerator) Magnetron 11
Slide 8: Applications of 4H related products
Applications of 4H related products 4H technology High power High frequency High vacuum High voltage Product Regime of core 1kW – 10's kW 1GHz – 10's GHz 10-10 torr 1kV – 10's kV technology Microwave tube ◎ ◎ ◎ ◎ Hermetic sealing ◎ ◎ Microwave system ◎ ◎ ◎ ◎ Mobile device Home appliance Typical plas
Slide 9: Applications of microwave tube in defense industry
Applications of microwave tube in defense industry Radar Aircraft Transponder Traveling-wave tube Magnetron Radar Defensive aircraft Defensive frigate 13
Slide 10: Applications of microwave tube in semiconductor industry
Applications of microwave tube in semiconductor industry magnetron Used in UV-curing process tool of AMAT Producer 14
Slide 11: Applications of spare parts in semiconductor industry (I)
Applications of spare parts in semiconductor industry(Ⅰ) Feedthrough Used in E-beam system Spare parts made by brazing of E-Scan inspection tool between heterogeneous materials and widely used in process tools of semiconductor industry 15
Slide 12: Applications of spare parts in semiconductor industry (II)
Applications of spare parts in semiconductor industry(Ⅱ) Used in CVD process tool of Novellus C2 Sequel heater Used in PVD process tool of AMAT Endura HP PVD Magnet assembly 16
Slide 13: Applications of spare parts in semiconductor industry (III)
Applications of spare parts in semiconductor industry(Ⅲ) Evaporator Logic testers of AI chips 16
Slide 14: Applications of other products in scientific instrument
Applications of other products in scientific instrument Assemblies made by Used in the storage ring of brazing between accelerator heterogeneous materials 17
Slide 15: 3、Market Outlook
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Slide 16: Semiconductor Industry
Semiconductor Industry Despite the cyclic slowdown of semiconductor industry in 2023, global semiconductor industry is expected to recover in 2024. Source of information： SEMI 22
Slide 17: Semiconductor Industry
Semiconductor Industry Information disclosed in the investor Revenue of ASML 2023 is conference of ASML in Oct. 2023 expected to grow by 30% as Revenue of ASML 2021~2023 compared to 2022. But revenue of 2024 is forecast to 300 be close to 2023 in a conservative 250 way considering uncertainties 200
Slide 18: National defense Industry
National defense Industry Defense budget of Taiwan Year 2015 2016 2017 2018 2019 2020 2021 2022 Budget 305.3 309.3 305.7 313.7 324.1 335.5 347.9 354.7 (NT B) Yearly growth 4.77 1.31 (1.16) 2.62 3.32 3.52 3.70 1.95 rate (%) Source of information：DGBAS, EY, Taiwan Defense budget of Taiwan is increasin
Slide 19: 4、Financial Information
4、Financial Information 30
Slide 20: Operating Revenue (By products)
Operating Revenue（By products） NT (k) Year 2020 2021 2022 As of Q3, 2023 Items Amount % Amount % Amount % Amount % Defense microwave tube 114,088 40.69 159,110 43.93 143,104 32.73 98,788 38.84 Commercial microwave tune 59,717 21.30 63,036 17.40 70,092 16.03 25,687 7.41 Sub-total of microwave tube 17
Slide 21: Financial Information
Financial Information NT (k) Year 2020 2021 2022 As of Q3, 2023 Items Operating revenue 280,382 362,191 437,189 301,489 Operating margin 132,544 187,787 230,025 145,060 Operating margin rate 47.27% 51.85% 53.00% 48.11% Net income after tax 63,548 90,380 113,762 57,540 EPS(NT) 2.05 2.92 3.67 1.83 450
Slide 22: 5、Future Outlook
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Slide 23: R & D results
R & D results Comparison between microwave heating and conventional furnace heating Heating Energy conversion Heating Heating Heating source mechanism efficiency (%) rate uniformity Microwave Volumetric (vacuum tube, 70%~75% Fast Poor (note) heating magnetron) Microwave wave Volumetric 35%~40% Fast
Slide 24: Applications of microwave generator -- MPCVD diamond, Li battery of EV
Applications of microwave generator -- MPCVD diamond、Li battery of EV Microwave = Microwave + Process system generator chamber ＊HVPS ＊microwave ＊magnetron uniformity ＊microwave components ＊control module 37
Slide 25: Applications of microwave system -- shoemaking
Applications of microwave system--shoemaking Schematic of our patented microwave system 35
Slide 26: Applications of microwave system – MPCVD diamond
Applications of microwave system – MPCVD diamond Patented technology of power combination of two microwave sources. Aiming at MPCVD diamond disk of a large area. Process gas (CH4、H2 、O2) 39
Slide 27: Applications of hermetic sealing -- medical
Applications of hermetic sealing--medical Transmission type X-ray equipment of NanoRay Biotech Dosage reduction by 80% Reduction of power consumption by 90% Technology provided by Wave Power Better image HV, High vacuum Hermetically sealed assembly of ceramic vacuum envelope and metal target/Be wind
Slide 28: Double-layer HV insulation section -- semiconductor
Double–layer HV insulation section--semiconductor With this component, all widely used SDS of ion implanters could be replaced by a cost- effective centralized gas supply system. The expensive process gas BF3 goes through the center pipe The space between inner insulation layer and outer insulation
Slide 29: Future orientation of development
Future orientation of development 1 Keeping pace with the ever-increasing semiconductor industry 2 Exploring more innovative applications of high power microwave 40
Slide 30: Thank You
THANK YOU Wave Power Technology Inc. Presentation
Wave Power Technology — Q3 2023 Earnings Presentation on 6ix