Slide 1: 4Q21 Investor Conference
4Q21 Investor Conference 2022/02/22 ELAN Microelectronics Corporation
Slide 2: Sales Breakdown by Product Line (Consolidated)
Sales Breakdown by Product Line (Consolidated) Sales: NT$M 15,100 18,328 2,206 3,539 4,708 4,647 4,156 5,036 4,974 4,162 • Touch: Touchscreen Controller, Touchpad, Biometrics • Non-Touch: MCU, Pointing Stick, Affiliated Co. Products
Slide 3: 4Q21 Income Statement YoY Comparison
4Q21 Income Statement YoY Comparison (Consolidated) NT$M 4Q21 % 4Q20 % YoY(%) Sales 4,162 100.0 4,647 100.0 (10.4) Gross profit 2,056 49.4 2,184 47.0 (5.9) Sales expense 143 3.4 170 3.7 G&A expense 142 3.5 138 2.9 R&D expense 638 15.3 515 11.1 OPEX 923 22.2 823 17.7 12.2 Operating profit 1,133 27.2
Slide 4: 4Q21 Income Statement QoQ Comparison
4Q21 Income Statement QoQ Comparison (Consolidated) NT$M 4Q21 % 3Q21 % QoQ(%) Sales 4,162 100.0 4,974 100.0 (16.3) Gross profit 2,056 49.4 2,539 51.0 (19.0) Sales expense 143 3.4 145 2.9 G&A expense 142 3.5 138 2.8 R&D expense 638 15.3 584 11.7 OPEX 923 22.2 867 17.4 6.5 Operating profit 1,133 27.2
Slide 5: 2021 vs. 2020 Income Statement
2021 vs. 2020 Income Statement YoY Comparison (Consolidated) NT$M 2021 % 2020 % YoY(%) Sales 18,328 100.0 15,100 100.0 21.4 Gross profit 9,116 49.7 7,054 46.7 29.2 Sales expense 606 3.3 542 3.7 G&A expense 530 2.9 437 2.8 R&D expense 2,315 12.6 1,858 12.3 OPEX 3,451 18.8 2,837 18.8 21.6 Operating pr
Slide 6: Balance Sheets
Balance Sheets December 31, 2021 (Consolidated) NT$M Current assets 12,070 Cash and cash equivalents 4,255 Current financial assets 773 A/R&A/N 2,971 Inventory 2,314 Other current assets 32 Other current financial assets 1,725 Non-current financial assets 2,423 Fixed assets 952 Other non-current ass
Slide 7: Cash Flow Statement
Cash Flow Statement December 31, 2021 (Consolidated) NT$M Income before tax 6,061 Dep & Amort. 257 Dec. of A/R & N/R 364 Inc. of inventory (659) Net loss (gain) on financial assets at fair value through loss (346) Dec. of A/P & N/P (118) Others (296) Operating cashflow 5,263 Inc. F/A (153) Dividend
Slide 8: 1Q22 Guidance
1Q22 Guidance Based on Current Assumptions of Future Prospects, ELAN Expects: • Consolidate Revenue to be Approximately between NT$ 4.0Billion and NT$ 4.2Billion • Gross Margin to be about 46.5% to 48.5% • Operating Margin to be about 24.8% to 27.8% • ELAN’s forward-looking statements are subject to
Slide 9: The Content Value of Human-Machine Interfaces (HMI) Keeps Growing
The Content Value of Human-Machine Interfaces (HMI) Keeps Growing Unit: M units 300 290 280 270 260 250 240 230 2021(F) 2022(F) 2023(F) 2024(F) 2025(F) Canalys forecasts, PC Analysis IDC Omdia Source 2021(F) 2022(F) 2023(F) 2024(F) 2025(F) CAGR Canalys forecasts,PC Analysis (2021/02) 258.2 266.3 273
Slide 10: Windows 11 Launch !
Windows 11 Launch ! Win 8 Upgrade to Win 10 Take 3 Years ; Win 10 To Win 11 is 6 Years
Slide 11: Windows 11 Eco-System will Bring Similar Core Inputs as Mac OS
Windows 11 Eco-System will Bring Similar Core Inputs as Mac OS MOC FPR on Power-Button (Touch ID) Haptic Touchpad
Slide 12: Windows 11 Touchpad UI for ELAN's Smart-HapticPad
Windows 11 Touchpad UI for ELAN’s Smart-HapticPadTM Windows 11 is 1st Windows OS with Haptic Software Built-in New Touchpad UI/Features: ELAN LRA Stack up ELAN Piezo Stack up - Global on/off toggle switch - Haptic feedback intensity slider Protect film Cover Glass Sponge Adhesive Adhesive Film senso
Slide 13: Windows 11 Fingerprint Security Requirements
Windows 11 Fingerprint Security Requirements Fingerprint Module Must Support Match-on-Chip (MOC) Commercial: required on devices launched from 2022/1 Consumer: required on devices launched from 2022/4 Year Windows 11 L2 Security Requirement: Fingerprint Module must Support Match-on-Chip (MOC) L2 req
Slide 14: ELAN Innovations Announced @ CES 2022
ELAN Innovations Announced @ CES 2022
Slide 15: CES 2022 Highlights – ELAN Smart-HapticPad & Touch Bar & USI1.0
CES 2022 Highlights – ELAN Smart-HapticPadTM & Touch Bar & USI1.0 HP Elite Dragonfly Lenovo Thinkpad Z13/Z16 Dell XPS 13 Plus Chromebook Smart-HapticPadTM Smart-HapticPadTM Touch Bar Touch Screen with USI1.0
Slide 16: CES 2022 Highlights – ELAN Smart-ID Inside
CES 2022 Highlights – ELAN Smart-IDTM Inside Asus Zenbook 14X Lenovo Thinkpad Z13/Z16 HP Probook 400 OLED All of Fingerprint Modules from ELAN are already M-O-C and fully compliant to Windows 11 Level 2 Security + Industry Leading Anti-Spoofing Capabilities built-in
Slide 17: CES 2022 Highlights – ELAN Foldable Touch with MPP2.0
CES 2022 Highlights – ELAN Foldable Touch with MPP2.0 ELAN Successfully Introduced the Foldable Technology into NB Market 2022 CES Innovation 17.3” OLED panel with MPP 2.0 Asus Zenbook 17 Fold OLED 10mm Increased loading and noise with thinner thickness
Slide 18: Windows 11: Leverage User Experience from Phone/Tablet to NB
Windows 11: Leverage User Experience from Phone/Tablet to NB Win 11 introduces 3F/4F Gestures on Touchscreen Personalization Frictionless Productivity Intuitive Widget Android APP Snap Layout/Docking Gesture Controls Dark Mode Build-in Teams Multiple Desktop Pen Updates
Slide 19: Q & A Thank You
Q&A T h a n k Yo u E L A N M i c ro e l e c t ro n i c s C o r p o ra t i o n