Slide 1: FocalTech Investor Conference
FocalTech 敦泰電子(Ticker 3545TT) Investor Conference法人說明會 2017/4/28
Slide 2: Q1 17' Income Statement
Q1 17’ Income Statement /106年第1季損益表 Unit in NT$ Million /單位: 新台幣佰萬元 17' Q1 16' Q4 QoQ 16' Q1 YoY Revenue/ 營業收入 2,161 2,694 ‐20% 2,309 ‐6% Gross Profit/ 營業毛利 498 627 ‐21% 432 15% Gross Margin/ 營業毛利率 23.0% 23.3% ↓ 30 bps 18.7% ↑430 bps Operating Expense/ 營業費用 482 515 ‐6% 524 ‐8% Operating Income/ 營業淨利
Slide 3: Balance Sheet
Balance Sheet /資產負債表 Unit in NT$ Million /單位: 新台幣佰萬元 2017.3.31 2016.12.31 QoQ 2016.3.31 YoY Cash & Market Securities/ 現金及其他金融資產 4,456 5,571 ‐20% 7,337 ‐39% Accounts Receivable/ 應收帳款 1,145 1,334 ‐14% 1,118 2% Inventory/ 存貨 3,031 2,538 19% 2,355 29% Other Current Assets/ 其他流動資產 146 123 19% 25% 117 Oth
Slide 4: 2017 Q1 Results Summary
2017 Q1 Results Summary /106年第1季總結 Revenue in Q1 was NT$ 2,161M, down 20% qoq and 6% yoy. Seasonality, appreciated NT dollars and weaker demands from low‐end segment are the major contributing factors for this result. Even though discrete drivers and touch controllers saw sequential declines, IDC
Slide 5: New Product Update (I)
New Product Update (I) /新產品狀況(I) Several smartphones using FocalTech’s LTPS FHD IDC solutions were announced in Q1. Hauwei’s newest model, Nova Series, is among them. 全球第一季發表的智慧型手機中，數款皆採用敦泰LTPS FHD IDC 方案，其中包 含華為最新Nova系列產品。 Huawei’s latest flagship model, P10 Plus, adopts FocalTech’s WQHD driver
Slide 6: New Product Update (II)
New Product Update (II) /新產品狀況(II) After the coating‐type fingerprint sensors entering into MP last year, FocalTech has successfully developed the cover lens‐type sensors, which will start proto‐type production for smartphones in Q2. 繼表面塗層式的指紋辨識產品於去年進入量產之後，敦泰支持玻璃蓋板結構的 指紋感測器即將於第2季度進入試量產。 FocalTec
Slide 7: Future Outlook (I)
Future Outlook (I) /未來展望 (I) Smartphone shipment in 17’Q2 is expected to grow compared to Q1 as handset makers start to build inventory for their new models. However, demand for low‐end products may be weaker than previous years. The uncertainties we brought up in last investor conference, such as
Slide 8: Future Outlook (II)
Future Outlook (II) /未來展望 (II) In the long run, the Company will continue focusing on mid to high‐end product segments in an attempt to maintain gross margin at a healthy level. 預期中高階產品出貨持續成長，產品組合改善，有助於保持良好的毛利率水準。 CONFIDENTIAL @2017 Caltech Systems Co., Ltd. All rights reserved 8
Slide 9: Thank you !
Thank you ! Copyright ©2017 FocalTech Systems Co., Ltd. All Rights Reserved. The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a n
Slide 10: Gross Margin
Gross Margin /毛利率 % 24 23.3 23.0 21 20.5 19.6 18.7 18.2 18 17.4 17.2 15.5 15 12 15' 1Q 15' 2Q 15' 3Q 15' 4Q 16' 1Q 16' 2Q 16' 3Q 16' 4Q 17'Q1 CONFIDENTIAL @2017 Caltech Systems Co., Ltd. All rights reserved 10