Excellence Optoelectronics Holding Co., Ltd. · TWSE:3717
Excellence Optoelectronics — 2022 Masterlink Taiwan Corporate Day
48 slides from Excellence Optoelectronics's conference presentation, Mar 10, 2022
Slide 1: 2022 Masterlink Taiwan Corporate Day
Stock ID：6288 Excellence Opto. Inc. 2022 Masterlink Taiwan Corporate Day 2022.3.10 Held by: Masterlink Securities 0
Slide 2: Safe Harbor Notice
Safe Harbor Notice ⚫ This newsletter and related information published contain predictive information obtained from internal and external sources of the company. This type of expression is based on expectations of current conditions, but it is subject to the effects of known or unknown risks or unce
Slide 3: Agenda: Company News
1 Company News 2. Market and Operating Performance 3. Research and Innovation 4. Future Outlook 5. ESG Sustainable Development 6. Q&A 2
Slide 4: Company Profile: About Excellence Opto., Inc. (EOI)
Company Profile About Excellence Opto., Inc. (EOI) Excellence Opto., Inc. (EOI) was established in 1995 in Hsinchu Science Park. EOI is an automobile LED component and light module Professional Manufacturer EOI provides design, development and manufacturing service for global customers >40 11.7 42 O
Slide 5: Company Profile
Company Profile Founded: 1995 Chairman: Dr. Kuo-Hsin Huang President: Ms. Fanny Huang Capital: NT$ 18.27 billion Business Focus: Automotive LED Components and Modules, Energy Saving Products Employees: around 1,250 worldwide Operating Base: Taiwan, China, U.S.A, Spain, Germany Taiwan HQ located in C
Slide 6: Global Base of EOI
Global Base of EOI EOI US- California EOI US-Michigan EOI Pioneer- Michigan LXF- Shenzheng EOI DG- Dongguan EOI HQ- Chunan Germany Shanghai California Taiwan Beijing Spain Michigan MI Dundee Shenzheng Dongguan RD Factory Sales Logistics
Slide 7: Market and Operating Performance
1. Company News Market and Operating 2 Performance 3. Research and Innovation 4. Future Outlook 5. ESG Sustainable Development 6. Q&A
Slide 8: Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unit: USD thousand) 2020 2021 YoY Net Operating Revenue 134,839 129,032 (4%) Gross Profit 27,944 25,131 (10%) Gross margin(%) 21% 19% Operating Expenses (21,213) (23,106) 9% Operating expense ratio(%) 16% 18% Operating Income 6,731 2,026 (70%) Operati
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet 2020/12/31 2021/12/31 (Unit: USD thousand) Significant Accounts $ % $ % Cash and cash equivalents 44,751 23% 33,846 16% Notes receivable & accounts receivable 31,262 16% 27,861 13% inventories 40,170 21% 61,041 29% prepayments 2,574 1% 2,145 1% Long-term investments at equ
Slide 10: Comparison between Estimate and Actual for 2021 Revenue
Comparison between Estimate and Actual for 2021 Revenue Unit: USD in thousand 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 - Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep, Oct. Nov. Dec. Jan. to Dec. 2021 Estimate 12,578 12,325 14,643 13,089 13,634 14,451 14,434 15,337 16,437 15,
Slide 11: Monthly Consolidated Revenue Comparison- Jan. to Feb.
Monthly Consolidated Revenue Comparison- Jan. to Feb. Unit: USD in thousand 25,000 20,000 15,000 10,000 5,000 Jan. Feb. Jan.-Aug. 2021 11,643 10,460 22,104 2022 13,607 9,102 22,710 Growth Rate 17% -13% 3% Note: 1. The decrease in revenue from 2020 April to May was due to the COVID-19 pandemic which
Slide 12: Analysis of Less Revenue than Expectation
Analysis of Less Revenue than Expectation Unit: USD in thousand Description: 1. Global automotive chips and electronic material shortage caused automobile manufacturers to decrease production and affected approximately 16% of revenue. 2. In 2021, the average USD/NTD exchange rate is 28.009, which is
Slide 13: Analysis of Less Gross Profit than Expectation
Analysis of Less Gross Profit than Expectation Unit: USD in thousand Description: 1. Global port congestion and logistic corruption caused near two times of increase on delivery expenses and affect gross profit for about 3%. 2. Lead time of Key material(LED, automotive chips and PCB) was increased t
Slide 14: Operating Performance - Impact from Exchange Rate
Operating Performance -Impact from Exchange Rate Impact of Exchange Rate to Gross Margin - 28.50 -20,000,000 28.40 -40,000,000 28.30 -60,000,000 28.20 -80,000,000 28.10 -100,000,000 -120,000,000 28.00 -140,000,000 27.90 -160,000,000 27.80 2021/01 2021/02 2021/03 2021/04 2021/05 2021/06 2021/07 2021/
Slide 15: Information of Delivered Automotive Components
Information of Delivered Automotive Components Sales Quantity of Delivered Quantity of Delivered Quantity Automotive LED Automotive Modules of Automobile Over Over Over 1.61 49.2 11.73 Billion Million Million Counted Period: 2010~2021
Slide 16: 2021 Revenue by Product
2021 Revenue by Product 5% 6% 5% 5% Automotive 89% 90% Energy Saving Industrial 15
Slide 17: 2022 Jan.-Feb. Revenue by Product
2022 Jan.-Feb. Revenue by Product 4% 4% Automotive 92% Energy Saving Industrial 16
Slide 18: 2021 Revenue by Region
2021 Revenue by Region Unit: in USD thousand 5% North America: 93,138 9% 72% 13% China: 18,136 Taiwan: 11,959 Others: 5,799
Slide 19: 2022 Jan.-Feb. Revenue by Region
2022 Jan.-Feb. Revenue by Region Unit: in USD thousand North America: 16,270 China: 2,944 Taiwan: 1,426 Others: 2,070
Slide 20: Statistics of Vehicles Sold in America
Statistics of Vehicles Sold in America 2021 2020 Growth Ratio Jan. – Dec. Jan. – Dec. 3,424,888 3,517,829 -2.6% Passenger Car 11,654,294 11,062,712 5.3% Light Truck Total 15,079,182 14,580,541 3.4% Source：MarkLines Data Center • There are 15.08 million vehicles sold in the US in 2021. • EOI delivere
Slide 21: Operation Strategy: Market Role
Operation Strategy: Market Role EOI’s role as Tier2 (Module) and Tier3(Components) Car Assembly Automotive manufacturers OEM Tier1 System Integration System supply directly to OEM Tier2 Modules Module supply directly to Tier-1 Components and/or Tier 3 Components materials supply Automobile ODM/OEM S
Slide 22: Milestone of Optoelectronic Product Development
Milestone of Optoelectronic Product Development LED and laser testing equipment Laser Semiconductor Red and Green Laser Module LED Energy LED Signal Brand Saving Product LED street lighting LED Light LED Assembly Components LED Tier-3 automobile application LED Display OEM/ODM LED Automotive Tier-2
Slide 23: Service Performance for Automobile Makers
Projects by EOI Service Performance for More Than 40 Automobile Makers
Slide 24: ODM Performance of Electric Vehicles: Tesla Model 3
ODM Performance of Electric Vehicles TESLA Model 3
Slide 25: Research and Innovation
1. Company News 2. Market and Operating Performance 3 Research and Innovation 4. Future Outlook 5. ESG Sustainable Development 6. Q&A
Slide 26: Core Technologies Innovative Research and Development Team
6 Core Technologies Innovative Research and Development Team ⚫ 6 Core Technologies Innovative Development EOI has 6 Core Technologies: optical, mechanical, electronics and thermo technologies, LED Package and Software and firmware development and is fully capable of providing customization and diffe
Slide 27: LED Automotive Applications
LED Automotive Applications SiP (System in Package) HDR Image Processing Automotive and Driving Circuit Ambient LED Display Lights Flexible Transparent PCB LED Touch and Gesture and Augmented Reality Recognition Automotive Automotive Head-up Automotive Smart Technology Display Applications Dashboard
Slide 28: Vehicle smart lighting applications
Vehicle smart lighting can automatically sense the surrounding conditions and will project lighting or symbols to warn surrounding vehicles and pedestrians to achieve smart warning and improve road safety Digital Headlights offer light projection and adaptive high-beam system Door-open light, Warnin
Slide 29: Trend of Innovative Vehicle Technology
Trend of Innovative Vehicle Technology Design Safety Attractive ADAS (Advanced Driver Product Differentiation Assistance Systems) (LED Application) ADB (Adaptive Driving Trend of Beam) Innovative Vehicle Performance Technology New Function Product Cost Display Energy Consumption Communicability, LiF
Slide 30: Trend of Innovative Vehicle Design
Trend of Innovative Vehicle Design 29
Slide 31: Core Technologies Development Strategy
Core Technologies Development Strategy Luminous Efficiency LED light brightness Reliability EPI design LED Package Light Shape Control Core Technologies Development Strategy Application Module design Structure Lighting, Display and Sensor Platform Light Distribution Head Light、Digital Light Source d
Slide 32: EOI Production Location
EOI Production Location EOI Taiwan HQ EOI China Dongguan Plant EOI Michigan Dundee Plant Shenzheng LXF Plant
Slide 33: Increased Production Capacity in Response to New Orders
Increased Production Capacity in Response to New Orders Taiwan Headquarter 11 Production Line of Automotive LED Module China Dongguan Plant 7 Production Line of Automotive LED Module , and 1 Additional Production Line in 2022 America Michigan New Plant 2 Production Line of Automotive LED Module, and
Slide 34: Phase II construction in the Headquarter
Phase II construction in the Headquarter • The new building of EOI headquarter phase II construction will be the research and production center of EOI group to fulfill customers’ innovative design and the increasing long-term orders in the Future. • Expected to be enabled in the second quarter in 20
Slide 35: Dundee Plant in Michigan
Dundee Plant in Michigan • Size of land: 28,662 m2 • Total area of plant 1: 8,500 m2 • Max. SMT line of plant 1: 8 lines • Est. revenue of plant 1: USD 80M ✓ Passed Automobile Industry IATF 16949 Certification
Slide 36: New Dundee Plant in Michigan
New Dundee Plant in Michigan Long-term expanding plan in the future: Current Phase I production line Phase III Phase II 3~4 years Phase I Phase III 6~8 years Targeting to be Phase II the global leading supplier of innovative lights
Slide 37: Future Outlook
Agenda 1. Company News 2. Market and Operating Performance 3. Research and Innovation 4 Future Outlook 5. ESG Sustainable Development 6. Q&A
Slide 38: Global Vehicle Lights and Display Market Outlook
Global Vehicle Lights and Display Market Outlook ⚫ Headlight US$ 49.8B ⚫ Taillight ⚫ Inner Light $1.8B CAGR 21-25: ⚫ Side Light $4.4B 6.5% ⚫ Display CAGR 21-25: 8.3% US$ 35.6B $5.3B $15.5B CAGR 21-25: 4.8% $3.2B $1.4B CAGR 21-25: 12.4% $9.7B $4.4B $22.8B CAGR 21-25: 7.8% $16.9B CAGR 21-25: 8.8% 2021
Slide 39: Value-added Services
Value-added Services Customers Expectation to EOI ✓ Core Competitiveness LED component ✓ Value-added Services ✓ Innovative Product LED PCBA SMT Assembly ✓ Advanced Manufacturing etc. LDM PCBA SMT Assembly Optical/ Electric/ Mechanical LED component Innovative LED electric assembly
Slide 40: EOI's Big Application Markets
EOI’s Big 3 Application 3 Markets Development Application Using EOI’s own automotive LED product and OEM/ODM modules Hardware Vehicle Cooperate with the world-famous vehicle and automotive light manufacturers and is one of the suppliers of Tesla Hardware Provide illuminating and signal products + En
Slide 41: 5G Intelligence Application
5G Intelligence Application 5G networking Intelligent Transportation Environmental Monitoring Smart Lighting Interactive Digital Smart Security and Edge computing Charging Station Dashboard Protection 40
Slide 42: AIoT Multi-functional Streetlights Application
AIoT Multi-functional Streetlights Application 5G Small Cell LED Smart lighting ➢ Energy-Saving 80% less energy consumption Environment compared with conventional lights, Mercury-free, Non-UV detection ➢ Light Monitor Remote repair alarm, electric consumption analysis Intellectual Wireless Signal ➢
Slide 43: Future Outlook
Future Outlook Continuously develop and optimize LED light applications in automotive market with AEC-Q certification, increase LED light component sales to increase the market share, targeting to be the top 5 global automotive LED supplier Using the patented Uniflex technology for automotive light
Slide 44: ESG Sustainable Development
Agenda 1. Company News 2. Market and Operating Performance 3. Research and Innovation 4. Future Outlook ESG Sustainable 5 Development 6. Q&A
Slide 45: Benefit of Combination of LED and ESG in Automobile Industry
Benefit of Combination of LED and ESG in Automobile Industry COP “Paris LED decreases electric Agreement” consumption, improves optical delivery efficiency, decreases ESG carbon emission of vehicles, and also increases the available Innovative Automobile driving distance of every single LED charge E
Slide 46: Implementation and Honor of ESG
Implementation and Honor of ESG EOI established the “Corporate Governance and Sustainable Operation Committee” in 2020 to implement ESG and disclosed the first CSR in September 2021. The top 20 Taiwan sustainable benchmark enterprise founding member of the first CommonWealth sustainable community 45
Slide 47: EOI ESG Roadmap
EOI ESG Roadmap Issuance EOI’s first ESG report 2021 Top 51-64% in the Corporate Governance Evaluation System and keep improving Implementation of ISO 14064-1:2018 2022 Greenhouse gas verification and certification Implementation of certification of CSR Implementation of TCFD Plan to implement ISO-1
Slide 48: Thank You
Pioneer of Innovative Automotive Lighting Sources THANK YOU
Excellence Optoelectronics — 2022 Masterlink Taiwan Corporate Day on 6ix