Slide 1: Drive for better vision – Investor Presentation February 2025
Drive for better vision : HIMX February 2025 INVESTOR PRESENTATION
Slide 2: Forward Looking Statements
Forward Looking Statements Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the
Slide 3: Global Display and Imaging IC Design House
Global Display and Imaging IC Design House Leading IC Provider US $1.2 Billion 40% Global Market Share Listed on NASDAQ Global top 10 2022 sales Driver IC for NASDAQ: HIMX fabless IC design avg. 60 million ICs automotive displays since 2006 company in 2021* shipment per month * Global top 10 IC desi
Slide 4: Himax – Driver for Better Future
Himax – Driver for Better Future Automotive - Large-sized, high-resolution, curved, and touch feature for next-gen LCD and OLED displays - Automotive local dimming Tcon for high-contrast display enablement - Head-up display (AR-HUD) - WiseEye and 3D sensing for biometric sensing AIoT - World leadin
Slide 5: Recognized Industry Leader
Recognized Industry Leader For the last 30 years, we have worked with leading OEMs to develop the most recognized imaging and human interfacing technologies 1990s 2000s 2010s 2015 and Beyond Founder B.S. Wu pioneers flat panel Chairman Wu establishes Himax to meet DDIC Himax gains market share with
Slide 6: Investment Highlights
Investment Highlights Leading imaging and human interfacing technology innovator ◼ Global display driver player with a wide range of display image processing technologies for panels of all sizes ◼ Human interfacing total-solution provider specialized in immersive, touchless and 3D perception related
Slide 7: Himax on NASDAQ
Himax on NASDAQ 12 Month Trading Chart Fiscal Year December 31 February 12, 2025 Last-Traded Price (2/12/2025) $9.14 Diluted Weighted Ave. Out. ADS 175.1M Equivalent ADS Out 174.9M Market Capitalization (2/12/2025) $1.60B Average Volume 3.4M Insider Ownership* 24.4% * Insider ownership includes exec
Slide 8: History of Dividend and Share Buyback
History of Dividend and Share Buyback $1,005 HAS BEEN RETURNED TO SHAREHOLDERS INCLUDING DIVIDENDS AND SHARE BUYBACKS SINCE IPO MILLION Dividend Payout Ratio (%) Total Payout (US$M) Executed Share Buybacks from 2007-2024 (US$M) 119.0% 100.0% 100.0% 100.0% Unutilized Portion Executed Share Buyback 75
Slide 9: Q4 2024 Summary and Q1 2025 Guidance
Q4 2024 Summary and Q1 2025 Guidance 4Q2024 3Q2024 4Q2023 QoQ YoY Revenues $237.2M $222.4M $227.7M +6.7% +4.2% Gross Margin (%) 30.5% 30.0% 30.3% +0.5% +0.2% Profit $24.6M $13.0M $23.6M +89.0% +4.4% Earnings per ADS $0.140 $0.074 $0.135 +88.8% +4.3% 2024 2023 YoY Revenues $906.8M $945.4M -4.1% Gross
Slide 10: A Forward Looking Semiconductor Company / Himax's Global Reach
AForward Semiconductor GlobalLooking Statements Company Himax’s Global Reach ▪ Fabless semiconductor company with world leading visual imaging processing technologies ▪ Global market leader in TFT-LCD display driver Asan, Bundang Sales Design and timing controller ICs Technical Support Munich Tokyo
Slide 11: Corporate Structure
Corporate Structure Himax Technologies, Inc. Himax Technologies, LTD. Himax Display, Inc. Himax Imaging, LTD. ◼ TFT-LCD drivers, EPD drivers, and OLED ◼ LCoS modules for head-mounted display, ◼ CMOS image sensors drivers head-up display and pico-projector ◼ Ultralow power always-on (AoS) CMOS ◼ Tcon
Slide 12: Our Technologies Are Used by Consumer Brands Worldwide
Our Technologies Are Used by Consumer Brands Worldwide https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTabKNmci1qMtd9a99ttrYHqVy04D6NVDm0M18JLIdlYtm8cCcZSgBFM8zk
Slide 13: Display Driver IC (DDIC)
Display Driver IC (DDIC) We are a leader in display driver ICs used to enable large, small and medium-sized flat panel displays in TFT LCD and OLED Displays MARKETS WE SERVE Smartphones, tablets, automotive, monitors, notebooks, TVs, gaming, education, industrial, healthcare plus 100’s more applicat
Slide 14: Our DDIC Market Share
Our DDIC Market Share 3Q24 Driver Market Share We provide a complete solution of image (2Q24 Market Share %, Revenue) processing technologies and leverage our expertise Others in TV, monitor, NB, mobile devices, automotive 13% and other mass-market technology releases Focal ◼ Large display driver IC
Slide 15: TDDI Technologies
TDDI Technologies Automotive We provide technologies for touch sensor displays including in-cell touch and the fast-growing segment of Touch and Display Driver Integration (TDDI) single-chips Automotive MARKETS WE SERVE Smartphone Tablet Beginning with smartphones, expanded to tablets, automotive, N
Slide 16: Leadership in Automotive Displays
Leadership in Automotive Displays We offer comprehensive automotive display solutions Dash Cam covering DDIC, TDDI , TCON, LTDI and OLED. Moreover, AI DDIC TCON we offer leading-edge non-driver solutions, covering e-Mirror LCoS, WLO, CIS, 3D sensing and WiseEye ultralow power DDIC TCON AI sensing fo
Slide 17: WiseEye Ultralow Power AI Sensing
WiseEye Ultralow Power AI Sensing Himax WiseEye ultralow power AI sensing technology brings computer vision AI to endpoint devices with extremely low power. We participate tier-1 endpoint- to-cloud ecosystems for broad market access. Himax CMOS image sensors include RGB, near infrared (NIR) and ult
Slide 18: WLO and 3D Sensing
WLO and 3D Sensing We offer industry leading WLO design know-how and mass production expertise in advanced optical components, such lens, DOE, MLA, and LPO/CPO. Himax 3D sensing offers module solutions with leading depth perception feature and key components, 3D decoder IC for structured light and T
Slide 19: LCoS Microdisplays
LCoS Microdisplays AR HUD AR Glasses (LCoS 2.0 Phase Modulation) We are the leader and long-term innovator of Liquid Crystal on Silicon (LCoS) displays and one of the companies capable of high-volume production runs of LCoS displays for the launch of mass-market devices AR Gaming Front-lit LCoS Tech
Slide 20: Opportunities in Metaverse
Opportunities in Metaverse Himax owns exceptional Optics, 3D sensing, WLO and WiseEye AI solutions with mass production records. The diverse non-driver solutions fulfill different AR/MR/XR/VR LCoS WLO metaverse related application needs in AR AI 3D WLO AR Glasses Displaying & Human Interface Sensing
Slide 21: Market Opportunities by Products/Applications, and Himax Strategies
Market Opportunities by Products/ Applications, and Himax Strategies
Slide 22: TDDI Growth Opportunity
GROWTH OPPORTUNITY 1 TDDI Market Trends ◼ Expect higher TDDI penetration in automotive, tablet and expanding into notebook moving forward Global Smartphone TDDI Demand Forecast ◼ TDDI fits in consumer demand for slimmer devices ◼ Higher penetration of TDDI is refreshing smartphone /tablet/ automotiv
Slide 23: Display Driver IC (DDIC) Growth Opportunity
GROWTH OPPORTUNITY 2 Display Driver IC (DDIC) Market Trends ◼ Chinese panel makers, benefited from Korean fab restructuring and increased their global market share, will procure more volume from Taiwan DDIC supply chain ◼ Leading Chinese panel makers’ shipments continue to dominate the market. China
Slide 24: WiseEye Ultralow Power AI Sensing Growth Opportunity
GROWTH OPPORTUNITY 3 WiseEye Ultralow Power AI Sensing Market Trends Who uses Himax CIS ◼ Smart AI devices demand boosts, but very few companies can provide ultralow power solutions in content-aware AI ◼ Increasing adoption of Himax's WiseEye ultralow power AI sensing solution in endpoint AIoT appl
Slide 25: WLO and 3D Sensing Growth Opportunity
GROWTH OPPORTUNITY 4 WLO and 3D Sensing Market Trends Himax WLO for 3D sensing ◼ Wafer-Level Optics (WLO) remains one of the key technologies for structured light, Time-of- Flight (ToF) related 3D sensing, offering high optical efficiency, small form factors, and compliance with eye safety regulatio
Slide 26: LCoS Microdisplays Growth Opportunity
GROWTH OPPORTUNITY 5 LCoS Microdisplays Market Trends Front-lit LCOS advantages ◼ Many top name multinationals and start-ups are investing heavily to develop the AR ◼ Compact form factor ◼ brightness ecosystem, including applications, software, operating systems, system electronics and ◼ Power effic
Slide 27: 2024 YTD Financial Review
2024 YTD Financial Review
Slide 28: Unit and Revenue History
Unit and Revenue History We are one of the leading semiconductor companies in the world Units sold and revenue (In millions of units and millions of USD) $1,900 Revenue 1,521 1,516 1,464 1,337 1,309 1,311 1,323 1,1561,165 1,297 1500 Units Sold 1,192 1,256 1,165 $1,700 1,069 975 1000 $1,500 719 711 6
Slide 29: A Balanced Product Mix
A Balanced Product Mix Category Product Mix Large Panel Drivers S/M Panel Drivers Non-Driver 2.60% 5.1% 6.7% 8.2% 12.7% 14.0% 16.4% 20.0% 19.0% 20.0% 22.7% 19.0% 18.9% 14.8% 12.0% 13.2% 14.9% 17.1% 15.5% 16.7% 22.0% 34.8% 44.6% 44.6% 53.9% 53.1% 48.6% 46.0% 44.5% 45.0% 45.8% 58.1% 62.3% 64.8% 66.5%
Slide 30: Gross Margin is a Key Business Focus
Gross Margin is a Key Business Focus Revenue & Gross Margin Geographical Revenue Mix & Quarterly GM 200 0.0 US$M in Revenue and Gross Margin % 60. 0% US$M in Revenue and Quarterly Gross Margin % 48.4% China Sales ROW Sales 180 0.0 50. 0% 40.5% 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3
Slide 31: OPEX and the Bottom Line
OPEX and the Bottom Line OPEX and % of Total Sales Profit and EPS (US$M/ %) (US$M/ US$) $280 $435 $2.50 23.2% 22.8% 23.20% 23.3% 23.0% 19.1% 18.4% 19.1% 16.8% $385 13.2% $230 $208 $335 $203 $230 $220 $285 $1.36 $180 $159 $166 $163 $156 $235 $135 436.9 $132 $185 $130 $135 $0.46 $0.30 237.0 $0.29 $0.2
Slide 32: Performance History
Performance History Operating and R&D Expenses (US$M) EBITDA (US$M) R&D Expense Operating Expense ex. RD Total Operating Expense (US$M) 132 135 159 166 156 163 203 230 220 208 567.2 $54 $49 $52 $48 $41 $43 $41 $41 300.7 $39 $38 $176 $171 $160 $123 $151 $118 $122 103.7 $94 $96 $115 73.8 82.2 70.8 47.
Slide 33: Income Statement
Income Statem For the Fiscal Period Ended Revenues Cost of revenues Gross profit Gross margin Operating expenses Research and development General and administrative Sales and marketing Total operating expenses Operating income Non-operating income (loss) Profit before income taxes Income tax expense
Slide 34: Balance Sheet
Balance Sheet * Short-term secured borrowings is guaranteed by restricted deposit 33
Slide 35: Cash Flow Statement
Cash Flow statemen Depreciation and amortization Share-based compensation expenses Finance costs Income tax expense (benefit) Inventories write downs Others Changes in: Decrease (increase) in accounts receivable (including related parties) Decrease in inventories Increase (decrease) in accounts paya
Slide 36: Management Team
Management Team Dr. Biing-Seng Wu, Chairman of the Board - Dr. Wu, the founder of Himax, previously served as President, CEO and Director of Himax Taiwan. As a pioneer of TFT-LCD panel industry in Taiwan, Dr. Wu has been active in the TFT-LCD panel industry with profound experience. With significant
Slide 37: Contact Us
Contact Us Company Eric Li, Chief IR/PR Officer Corporate Tel: +886-6-505-0880 Counsel hx_ir@himax.com.tw Karen Tiao, IR Relations SEC Legal Tel: +886-2-2370-3999 Counsel hx_ir@himax.com.tw Mark Schwalenberg, Director Auditor Investor Relations - US Representative MZ North America Tel: +1-312-261-64