Alchip Technologies Ltd. · TWSE:3661
Alchip Technologies — Q3 2020 Earnings Presentation
13 slides from Alchip Technologies's earnings presentation, Nov 2, 2020
Slide 1: Alchip Technologies Investor Meeting
Alchip Technologies Investor Meeting Nov 2nd, 2020 1 1 Proprietary and Confidential Information
Slide 2: Safe Harbor Disclaimer
Safe Harbor Disclaimer This presentation contains forward-looking statements, including statements about business outlook and strategy, and statements about historical results that may suggest trends for our business. These statements are based on estimates and information available to us at the tim
Slide 3: Alchip at a Glance
Alchip at a Glance 480+ Employees (75% are engineers) Founded in $140M 2003 Revenues in 2019 IPO (TWSE) in 2014 420+ TSMC Tape-Outs since 2003 VCA $22M R&D Investment in 2019 3 3 Proprietary and Confidential Information
Slide 4: ASIC Applications
ASIC Applications HPC Consumer AI Automotive Crypto- FA/Robot Currency Providing best ASIC solution as #1 Fabless ASIC Network provider Medical Security IoT HS Network 4 4 Proprietary and Confidential Information
Slide 5: 3Q20 Quarterly Income statement
3Q20 Quarterly Income statement US$'000 2Q20 3Q20 QoQ (%) YoY (%) Revenue 54,957 67,684 23.2 132 COGs 35,793 46,349 29.5 197 Gross Profit 19,164 21,335 11.3 58 Op. Exp 10,476 11,898 13.6 18 Op. Income 8,688 9,436 8.6 174 Non. Op. -180 800 n.m. -38 Pre-Tax Profit 8,508 10,236 20.3 116 Income Tax -2,0
Slide 6: 3Q20 Operation Recap
3Q20 Operation Recap 3Q20 revenue came at US$67.7M, up 23% and 132%, QoQ and YoY, respectively 3Q20 revenue came higher-than-expected, due mainly to stronger than expected CPU shipments to China customers NRE milestones came as expected, multiple tape-outs in 3Q 3Q20 operating income reached US$
Slide 7: Revenue breakdown by application
Revenue breakdown by application Quarterly breakdown 18-20 Yearly breakdown 100% 100% 11% 14% 12% 13% 18% 22% 6% 4% 5% 4% 6% 80% 10% 80% 9% 9% 5% 14% 14% 14% 60% 60% 40% 79% 40% 73% 73% 66% 58% 59% 20% 20% 0% 0% 4Q19 1Q20 2Q20 3Q20 2019 1-3Q20 HPC Networking Consumer Niche HPC Networking Consumer Ni
Slide 8: Revenue breakdown by process node
Revenue breakdown by process node Quarterly breakdown 18-20 Yearly breakdown 100% 100% 21% 26% 29% 27% 38% 38% 35% 80% 80% 60% 60% 25% 33% 58% 53% 29% 41% 40% 41% 40% 30% 29% 20% 24% 20% 13% 11% 16% 15% 9% 8% 7% 6% 6% 4% 6% 3% 6% 4% 0% 2% 2% 1% 0% 2% 4Q19 1Q20 2Q20 3Q20 2018 2019 2020 55nm and lower
Slide 9: Revenue breakdown by region
Revenue breakdown by region Quarterly breakdown 18-20 yearly breakdown 100% 100% 11% 8% 16% 17% 22% 21% 21% 6% 6% 80% 80% 6% 5% 3% 6% 6% 46% 60% 60% 51% 70% 60% 62% 62% 40% 61% 40% 20% 20% 38% 21% 18% 14% 13% 16% 11% 0% 0% 4Q19 1Q20 2Q20 3Q20 2018 2019 2020 Japan China Taiwan Others Japan China Taiw
Slide 10: Industry and Company outlook
Industry and Company outlook China HPC IC demand remains Strong Demands from major China customers keep rising for both NRE and production China CPU shipments for both 16nm and 7nm still expected to be the major revenue driving force for 4Q20 and 2021 NRE demand overall is stronger than ever.
Slide 11: GDR Offering
GDR Offering Plan to raise US$100M by 10%+ issuance of new shares Company would trigger the GDR only @ reasonable capital market status To attract long-term stable foreign investors To prepare for strong production growth in near future To aggressively expend design resources and solutions
Slide 12: Investments
Investments ASICLand (Korea) A TSMC’s VCA member in Korea To tap into the Korean ASIC market through strategic alliance with local sales channel & engineers We expect this join force to win leading edge technology node projects from notable customers KQ Semiconductor technology industrial fund
Slide 13: Thanks!
Thanks! www.alchip.com 13 13 Proprietary and Confidential Information