Pan Jit International Inc. · TWSE:2481
Pan Jit International — Macquarie Greater China Conference 2018
41 slides from Pan Jit International's conference presentation, May 10, 2018
Slide 1: PANJIT International Inc. Investor Relations
強茂集團 PANJIT International Inc. Investor Relations Mutual Trust and Learning and Accountability Customer Focus Collaboration Innovation Growth
Slide 2: Agenda
Agenda - Introduce PANJIT - Worldwide discrete market - Consumer Electronic - Automotive Market - Research & development - Q&A 2
Slide 3: PANJIT GROUP
PANJIT GROUP 無錫至極動能科技有限公司 強茂股份有限公司 Sumnergy PANJIT Found Jun. 2017 Found May. 1986 Business Item： Business Item BMS, Battery Pack Discrete Device、Package / test 璟茂科技股份有限公司 熒茂光學股份有限公司 PYNMAX MILDEX Found Mar. 2000 Found May. 2005 Business Item Business Item Wafer Fabrication Touch Panel ( Industry/ M
Slide 4: PANJIT Location
/ PANSigg PANJIT Location ConoucroR | San Jose Ela Phoenix Baa Guadaljara Brasilia Headquarters Kaohsiung f Fa vy #8 BB Headquarters i?) 32 BBE Sh Sales Office 9 = Re Ee BA Sales Office and Manufacturer v
Slide 5: About PANJIT
About PANJIT • Listed: TWSE：2481 (IPO:2000) • Headquarter : Kaohsiung, Taiwan • Market Position – Global Diodes ＃7 – Discrete company in Asia pacific ＃1 • The Revenue – 2017 group revenue USD 397 Million, Operating profit USD 31 Million – Automotive segment USD 27 Million in 2017, Focusing in China
Slide 6: Global Diode Ranking
Global Diode Ranking No. 2016 2017 1 Vishay 10% Vishay 11% 2 Rohm 9% Rohm 10% 3 ON Semiconductor 7% ON Semiconductor 8% 4 Microsemi 7% Infineon Technologies 7% 5 Infineon Technologies 7% Microsemi 7% 6 NXP 6% Diodes 6% 7 STMicroelectronics 6% PANJIT 5% 8 Diodes 6% STMicroelectronics 5% 9 PANJIT 5% N
Slide 7: Global Discrete Ranking
Global Discrete Ranking Ｎo. 2016 2017 1 Infineon Technologies 13% Infineon Technologies 14% 2 ON Semiconductor 8% ON Semiconductor 10% 3 NXP 8% Mitshubishi 6% 4 Mitsubishi 6% Nexperia 6% 5 STMicroelectronics 6% Rohm 6% 6 Vishay 5% Toshiba 5% 7 Toshiba 5% Vishay 5% 8 Rohm 5% STMicroelectronics 5% 9 R
Slide 8: 2017 Diode BU Revenue
2017 Diode BU Revenue Unit: M’ USD Revenue 320 300 280 311 290 295 260 270 240 2014 2015 2016 2017 by region Function ESD BJT Americas 5% 2% 9% Zener 7% EMEA Switching 12% Schottky 7% 37% TVS Asia pacific 8% 79% Recifier MOSFET 24% 10% 8
Slide 9: Diode BU Financial Highlight
Diode BU Financial Highlight Unit: M’ USD 320 80 315 75 76 310 311 305 70 300 295 65 67 295 290 60 Revenue Gross Profit 2016 2017 2016 2017 40 44 42 35 40 35 40 38 30 36 34 25 25 32 32 30 20 Operating Profit Net Profit Before Tax 2016 2017 2016 2017 9
Slide 10: Financial Highlight
Financial Highlight Consolidated Balance Sheet Unit: K’ USD 2017 % 2016 % Cash 32,234 4.9% 27,133 4.4% Receivable 146,837 22.1% 136,323 22.0% Stock 74,539 11.2% 57,777 9.3% Total Asset 663,254 100.0% 620,068 100.0% Short-term loans 59,591 9.0% 27,035 4.4% Payable 78,512 11.8% 54,852 8.8% Long-term l
Slide 11: Financial Highlight
Financial Highlight Consolidated Statements of Comprehensive Income Unit: K’ USD 2017 ％ 2016 ％ Diff Diode Div. 310,722 79.5% 280,171 70.4% 30,551 Touch Panel Div. 58,949 15.1% 74,388 18.7% -15,439 Solar Div. 20,804 5.3% 44,920 11.3% -24,116 other 228 0.1% (1,398) -0.4% 1,626 Net Revenue 390,703 100.
Slide 12: WW Discrete Semiconductor Forecast
WW Discrete Semiconductor Forecast Worldwide Discrete Semiconductor Forecast (by region, $M) 25,000 17,831.99 18,233.63 20,132.75 20,458.96 20,710.31 21,789.71. 22,756.27 2,439 20,000 2,362 2,307 2,268 11.1% 2,246 3,974 2,138.47 3,774 2,167 3,530 17.3% 3,559 3,501 15,000 3,173 3,163 4,756 4,588 4,35
Slide 13: WW Discrete Semiconductor Forecast
WW Discrete Semiconductor Forecast 25,000.00 917.33 894.25 2,087.82 20,000.00 820.54 848.91 867.22 2,145.47 2,226.52 2,202.42 2,181.11 2,675.99 786.00 804.00 2,677.61 2,096.01 2,108.85 2,777.23 2,737.57 2,669.88 15,000.00 3,377.18 2,562.98 3,376.18 2,615.01 3,402.02 3,380.83 3,268.13 3,058.99 3,047.
Slide 14: Consumer Electronic Market
PAN BI SEMI CONDUCTOR Consumer Electronic Market
Slide 15: Consumer Electronic – Panel
Consumer Electronic – Panel Growth rate: 4% 15
Slide 16: Consumer Electronic – TV
Consumer Electronic – TV AMOLED Capacity Share by Maker, Worldwide, 2016-2021 • Chinese AMOLED makers and foreigners relocating to China will be able to provide 35% worldwide AMOLED capacity by 2021 Source: Gartner., 2017/8 16
Slide 17: Consumer Electronic – Sever
Consumer Electronic – Sever Unit: Thousand set WW server shipment • The GAR for server shipment from 2017-2022 is 6.5% Source: DIGITIMES., 2017/9 17
Slide 18: Consumer Electronic – HA
Consumer Electronic – HA Global Consumer Appliances Player by Revenue • The market for major household appliances is expected to reach $28.1 billion by 2021. (Home Improvement Research Institute) Source: J.D. Power., 2017/7 ; 東方證卷 Midea., 2017 18
Slide 19: Consumer Electronic – HA
Consumer Electronic – HA • Focusing on good business areas Source: Panasonic., 2017/5 19
Slide 20: Automotive Market
PAN BI SEMI CONDUCTOR Automotive Market
Slide 21: Global EV Sales Ranking
Global EV Sales Ranking 2012-2017 Global EV Sales by Region 1200 1000 36 46 218 800 Others 24 21 Japan 600 283 158 US Europe 14 23 400 209 China 115 8 32 200 5 182 435 29 116 4 96 283 27 96 56 66 114 0 30 5 10 36 2012 2013 2014 2015 2016 2017 Electric vehicles include pure electric vehicles and plug
Slide 22: Global EV Sales Volumes
Global EV Sales Volumes • The world's electric vehicle sales in 2017 will reach 1,150,000 units (48% growth compared to 2016), about 1.22% of the total car sales. 22
Slide 23: Global Car Sales Volumes
Global Car Sales Volumes Unit: Million 120 111 100 107 104 100 90 80 87 84 81 77 60 40 20 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 23
Slide 24: Automotive system
Automotive system Powertrain Sensor • Start-stop system • Ultrasonic sensor • Engine Control Unit • Front/Rear Camera ADAS • Electric Power steering • Millimeter Wave Radar wheel （EPS） • Lidar • APA • LDWS/FCW • BSD Motor Body & Comfort • Cooling Fan • Air conditioning • Oil Pump • Windshield wiper
Slide 25: Automotive
Automotive Source: IHS Automotive and Lear estimates., 2017/1 25
Slide 26: Automotive ADAS Market
Automotive ADAS Market Beyond The Headlights: ADAS and Autonomous Sensing • Multiple cameras being used on cars • New sensors such as Radar, LiDAR and ultra sonic are being used to enhance the features for ADAS • Sensing systems are also used for in-car monitoring driving analysis, and car security
Slide 27: Automotive ADAS Market
Automotive ADAS Market Source: HIS., 2017/8 27
Slide 28: Automotive Seating Market
Automotive Seating Market • Seating – growth market Source: Adient., 2017/8 28
Slide 29: Automotive Seating Market
Automotive Seating Market 2017 Source: IHS Automotive and Lear estimates., 2017/1 29
Slide 30: Automotive Lighting
Automotive Lighting Source: Varroclighting., 2017/8 30
Slide 31: Automotive Audio / Infotainment
Automotive Audio / Infotainment • Display Audio with CarPlay and Android Auto is fastest-growing segment • HTML5 and Android expected to be key technologies for Embedded Infotainment • Audio systems remain relevant in emerging market Source: IHS / Visteon., 2017/3 31
Slide 32: Automotive Audio / Infotainment
Automotive Audio / Infotainment Source: Visteon., 2017/7 32
Slide 33: Automotive TMPS
Automotive TMPS • Tire pressure monitoring system (TPMS) • Cars are all equipped with 4 TPMS Source: 東北證卷., 2017/8 33
Slide 34: Automotive TMPS
Automotive TMPS • According to OCIA, the TPMS shipment in the OEM market will be 348 Million. Among of all region, the Chinese market demands the most. 34
Slide 35: Research & Development
PAN BI SEMI CONDUCTOR Research & Development
Slide 36: Major Product Development Trends & Future Applications
Major Product Development Trends & Future Applications 36
Slide 37: IGBT - Application
IGBT - Application Field Application Hybrid Electric and Electric Vehicle Power and Automotive Chargers Industrial Avionics and Marine Propulsion, Heavy Vehicles, Products Induction Heating, Welding UPS Data Center, Hospital, Industry Motor Commercial Motor Drive, System Industrial Applications (Fan
Slide 38: IGBT – Global Competitor
IGBT – Global Competitor IGBT Manufacturers Ranking by Voltage Range No.1 No.2 No.3 No.4 No.5 400V and Less 600-650V 1200V 1700V 2500V-3300V 4500V and More • The IGBT device industry is about to change. With a growing electric vehicle market, the power module is becoming an essentials of the value c
Slide 39: Power SiC – Market Size
f \ PANSigd Power SiC — Market Size CONDUCTOR ) \ df rr SiC device market size split by application (Source: Power SiC: Materials, Devices, Modules, and Applications report, Yole Développement, August 2017) @ Rail (including auxiliary power) ™ PFC/power supply ® EV/HEV (including on-board charger) =
Slide 40: Power GaN – Market Size
[PANS Power GaN — Market Size CONDUCTOR: GaN power device market size split by application ($M) (Source: Power GaN 2017: Epitaxy, Devices, Applications, and Technology Trends 2017 report, Yole Développement, October 2017) $500M $400M = & @ $300M 3 = = $200M $100M a $M = — = — 2016 2017 2018 2019 202
Slide 41: Questions & Answers
Questions & Answers
PANJIT International — Macquarie Greater China Conference 2018 on 6ix