Pan Jit International Inc. · TWSE:2481

Pan Jit International — Investor Conference by President Securities Corp. 2019

37 slides from Pan Jit International's conference presentation, Nov 14, 2019

Slide 1: PANJIT International Inc.
International Inc. SEMI CONDUCTOR
Slide 2: Agenda
Nov. 2019 • About PANJIT • Application and Market Trend • New Team • Automotive • New Technologies Focus • Financial Info
Slide 4: PANJIT Overview
PANJIT Overview TWSE : 2481 (2001 IPO) Founded in 1986 Corporate Headquarters: Kaohsiung, Taiwan Capital: $111 Million USD 2018 Consolidated revenue: $379 Million USD 2019 YTD (Sep) Consolidated revenue : $226 Million USD Approximately 3,000 employees worldwide 1 front-end fabrication sites 2 back-e
Slide 5: PANJIT Group
PANJIT Group PANJIT Est. May 1986 Product: Discrete Packaging & Testing PANJIT PYNMAX Est. Mar 2000 GROUP Product: Wafer Foundry SUMNERGY Est. Jun 2017 Product: BMS, Battery Pack Copyright© 2019 PANJIT International Inc. All rights reserved.
Slide 8: PANJIT & PYNMAX
PANJIT ＆ PYNMAX 5”6”Schottky Wafer Discrete Package / test 4”5”6” Epitaxial Wafer Diodes 4”Rectifier Diode Wafer Transistors SMD 4” TVS Wafer TO 4”Zener Wafer Bridge Axial Glass 8 Copyright© 2019 PANJIT International Inc. All rights reserved.
Slide 10: Packaging & Testing
Packaging & Testing Gangshan Package: Small Signal Devices Capacity: 1,400 KK /month Wuxi Package: Power Package Devices Capacity: 550 KK /month 10 Copyright© 2019 PANJIT International Inc. All rights reserved.
Slide 11: Global Diode Ranking & Market Share
Global Diode Ranking & Market Share Unit : M’ USD 2018 2017 Global Diode Market 6,393 5,903 10.8%10.8% 10.2% 9.7% 9.0% 8.5% 7.8% 7.1% 5.9% 5.9% 5.6% 5.2% 4.9% 4.9% 4.4% 4.3% 3.9% 3.2% 3.2% Vishay ON Semi Rohm Nexperia Diodes STMicro Infineon PANJIT Microchip Shindengen 11 Copyright© 2019 PANJIT Inte
Slide 12: Global Discrete Ranking & Market Share
Global Discrete Ranking & Market Share 16% 14.4% Unit : M’ USD 2018 2017 14% Global Discrete Market 22,731 20,448 12% 10.0% 10% 8% 13.7% 5.9% 6% 5.6% 5.4% 5.3% 5.2% 5.0% 10.4% 4% 3.3% 2.9% 2.9% 6.2% 5.7% 2.4% 5.4% 5.6% 5.4% 1.5% 4.9% 2% 1.6% 1.6% 1.5% 1.6% 1.4% 1.4% 3.6% 2.8% 3.0% 1.1% 1.6% 0.9% 0.2
Slide 13: 2019 Highlight
2019 Highlight Set up New Global RD center from Tier one DISCRETE wafer supplier R&D Centre : US San Jose, KR Incheon, TW Zuibe New Tier one Automotive customer increased significantly Front-side fab foundry outsource(8”) New Technologies development, MV Shielded Gate Trench MOS, HV SuperJunction MO
Slide 15: Application Segment
Application Segment Automotive Industrial Power • Body • Solar Junction Box • xEV • LED Lighting • Quick charger • ADAS • Robotic • Battery module • Infotainment • Medical Equipment • UPS • Motor • Motor Consumer Communication Computing • UHD TV • Networking • Desktop PC • Set Top Boxes • PoE • Note
Slide 16: Semiconductor Power Discrete Market Trend
Semiconductor Power Discrete Market Trend 2019-2023 CAGRS Total market 6.74% • The major demand side of the Automotive Elec. 10.52% discrete semiconductor will still be Industrial Elec. 9.52% the Asia-Pacific region with 50% 0% 2% 4% 6% 8% 10% 12% market size, also the US & EU Unit: M’ USD region wi
Slide 17: PanJit growth driver: GC area, EU & US market
PanJit growth driver : except for GC area, PanJit will also focus on EU & US market in Automotive application and Industrial application Market Size 2019-2023 12000 Unit: M’ USD JP JP 10000 805 2017 8000 EMEA 2742 ü EMEA ü 2404 JP JP 1441 640 6000 EMEA EMEA 1791 1698 Asia Pacific Asia Pacific 4310 3
Slide 20: PANJIT Automotive 2019 YTD (Sep) Revenue breakdown
PANJIT Automotive 2019 YTD (Sep) Revenue breakdown Region TW System Function 1.9% ADAS 4.0% Others Other US GC1 12.0% 9% 7.6% Sensor TVS 15.8% Lighting Switching 3.0% 24% 26.0% 6% Motor 3.0% KR & JP 24.0% Powertrain MOSFET 4.0% 18% GC2 xEV 25.8% 7.0% Infotainment / Body & General Instrument Comfort
Slide 21: PANJIT Automotive Market Channel – 2019 YTD (Sep)
PANJIT Automotive Market Channel – 2019 YTD (Sep) AU 2019 YTD Sales Channel by region Sales Channel 100% Direct account 90% 19% 31 80% 70% 60% 82 77 88 94 94 50% 40% 67 30% 20% 10% 23 18 12 6 6 0% CN1 CN2 EUSEA KR & JP US / PJA TW Agent 81% Direct Account Agent 21 Copyright© 2019 PANJIT Internationa
Slide 25: MV/HV MOSFET application
MV/HV MOSFET application Power rating [W] •10W A 150W 1KW 5KW Telecom power • 600V/650V SJ MOSFET • 40V~200V MV MOSFET LED Lighting • 600V~800V SJ MOSFET Server power • 100V~250V MV MOSFET • 600V/650V SJ MOSFET • 40V~80V MV MOSFET Display • 600V~800V SJ MOSFET • 40V~60V MV MOSFET Adaptor & Charger •
Slide 26: MOSFET Package Trend
MOSFET Package Trend Alt Energy (EVC, Solar) TO-247 4L TO247 TO-247 Source Down Cloud TO-220 (Telecom) TO-247 TO-220F Power88 TOLL LFPAK 88 TO247 Source Down Cloud (Server) TO-220 Power88 TOLL LFPAK 88 Auto Potential (OBC) Solutions D2PAK TO-247 TOLL IPAK Wireless Power56 TO-220F SOT223 LFPAK 56 Con
Slide 27: MOSFET Market Share (Discrete)
MOSFET Market Share (Discrete) 2018 MOSFET Market share Unit : M’ USD Revenue MOSFET Company 2017 2018 Others Infineon Technologies 1,753.6 1,938.6 18.6% ON Semiconductor 854.5 978.3 Infineon 26.0% Renesas Electronics 609.9 611.7 PANJIT 0.6% STMicroelectronics 450.6 547.0 Rohm 2.2% Toshiba 492.6 523
Slide 28: IGBT Target Technology to Applications
IGBT Target Technology to Applications 2012 – 2022 Ultrathin devices, < 50um 400 V Rooftop Solar Inverters New market Ultra narrow mesa based Solar, UPS, Motor Control 650 V leading edge PIM, IPM, Discretes performance High/Med/Low Speed, RC SCR for Automotive High Power Modules 750 V Dual Side Cool
Slide 29: IGBT Market Share (Discrete)
IGBT Market Share (Discrete) 2018 IGBT Market Share Unit : M’ USD Revenue MOSFET Company 2017 2018 Others 12.5% Infineon Technologies 424.4 469.2 Trinno 1.2% ON Semiconductor 127.8 146.3 Toshiba 3.1% Infineon 36.3% Fuji Electric 132.8 145.9 Renesas 3.2% Littelfuse 28.2 111.8 STMicroelectronics 57.0
Slide 30: SiC Diode Application Specific
SiC Diode Application Specific 1200V SiC Diodes Battery charger, OBC, Traction drives Market share 2018: 8% Key FOM: Surge capability, SMD package, Low Rth 650V SiC Diodes (Fast) 1200V SiC Diodes Power supplies/PFC Industrial Drives, DCDC Market share 2018: 60% Market share 2018: 5% Key FOM: Qc x Vf
Slide 32: Results summary 2018 vs 2019 YTD (Q3)
Results summary 2018 vs 2019 YTD (Q3) Gross EBITDA Cash Flow from Revenues EPS Margin & Margin Operating Activities FY 2018 NTD NTD 2,037 Mn 22.3% NTD 2.41 NTD 1,835 Mn 11.4Bn 17.9% Gross EBITDA Revenues EPS 2019 YTD Margin & Margin Cash Flow from NTD NTD 1,148 Mn Operating Activities 20.9% NTD 1.02
Slide 33: PANJIT Group Rev & Semiconductor BU Rev
PANJIT Group Rev & Semiconductor BU Rev Unit: M’ NTD 3500 3,070 3,087 3,076 2,972 3000 2,892 2,845 2,834 2,774 2,649 2,546 2,538 2,4832,433 2,465 2500 2,337 2,3802,321 2,3562,287 2,039 2,0482,007 2000 1500 1000 500 0 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 201
Slide 34: 2018 vs 2019 YTD (Sep) Semiconductor revenue breakdown
2018 vs 2019 YTD(Sep) Semiconductor revenue breakdown Application Regional Function 2018 Communication KR US JP BJT Computing 4% SEA 4% 2% 1% ESD 3% 12% 4% 4% Zener Schottky EMEA 8% 34% Consumer 38% 8% Switching Automotive 8% 8% TW 13% TVS 6% Industry GC 15% 68% MOSFET Recifier Power 14% 23% 23% 201
Slide 35: PANJIT Group 2019 YTD & 2018 - Rev & GP
PANJIT Group 2019 YTD & 2018 - Rev & GP 2019 Group Rev & GP 1500 25.0% 30.0% 21.3% 21.9% 22.7% 25.0% 19.8% 18.9% 20.5% 19.3% 18.7% 1000 801.1 818.1 796.1 783.0 20.0% 741.7 755.9 761.1 777.1 737.3 550.1 15.0% 500 10.0% 185.3 108.7 142.9 155.7 170.3 178.8 148.5 151.0 176.1 5.0% 0 0.0% Jan Feb Mar Apr
Slide 36: PANJIT Semiconductor BU 2019 YTD & 2018 - Rev & GP
PANJIT Semiconductor BU 2019 YTD & 2018 - Rev & GP 2019 Semiconductor BU Rev & GP 1500 25.2% 30.0% 20.6% 21.4% 21.6% 25.0% 20.0% 18.5% 19.8% 1000 17.5% 17.6% 20.0% 728.3 740.5 741.3 780.6 799.2 772.4 761.0 753.9 718.1 538.5 15.0% 500 10.0% 183.6 107.5 137.1 147.1 160.5 171.2 135.3 134.0 163.0 5.0% 0

PANJIT International — Investor Conference by President Securities Corp. 2019 on 6ix

Pan Jit International — Investor Conference by President Securities Corp. 2019

Slide 1: PANJIT International Inc.

Slide 2: Agenda

Slide 3: About PANJIT

Slide 4: PANJIT Overview

Slide 5: PANJIT Group

Slide 6: PANJIT Sales & RD sites

Slide 7: PANJIT Manufacturing sites

Slide 8: PANJIT & PYNMAX

Slide 9: PANJIT Product Function

Slide 10: Packaging & Testing

Slide 11: Global Diode Ranking & Market Share

Slide 12: Global Discrete Ranking & Market Share

Slide 13: 2019 Highlight

Slide 14: Application and market Trend

Slide 15: Application Segment

Slide 16: Semiconductor Power Discrete Market Trend

Slide 17: PanJit growth driver: GC area, EU & US market

Slide 18: New Team

Slide 19: Automotive

Slide 20: PANJIT Automotive 2019 YTD (Sep) Revenue breakdown

Slide 21: PANJIT Automotive Market Channel – 2019 YTD (Sep)

Slide 22: New Technologies focus

Slide 23: Power Discrete Technologies

Slide 24: PanJit Focus Power Discrete Technologies

Slide 25: MV/HV MOSFET application

Slide 26: MOSFET Package Trend

Slide 27: MOSFET Market Share (Discrete)

Slide 28: IGBT Target Technology to Applications

Slide 29: IGBT Market Share (Discrete)

Slide 30: SiC Diode Application Specific

Slide 31: Financial Info

Slide 32: Results summary 2018 vs 2019 YTD (Q3)

Slide 33: PANJIT Group Rev & Semiconductor BU Rev

Slide 34: 2018 vs 2019 YTD (Sep) Semiconductor revenue breakdown

Slide 35: PANJIT Group 2019 YTD & 2018 - Rev & GP

Slide 36: PANJIT Semiconductor BU 2019 YTD & 2018 - Rev & GP

Slide 37: Thank You