Slide 1: 2Q 2017 Investor Conference
2Q 2017 Investor Conference August 15, 2017 Spokesman: Wayne Shen Tel: 886-3-5786005 ext.2350 E-mail: wayne@sunplus.com
Slide 2: Sunplus Affiliates
Sunplus Affiliates 2017Q2 Sunplus Technology Co., Ltd. (592m shares) 100% Automotive IC & IP design TWSE#2401 Generalplus Technology Co., Ltd. (109m shares) 52% Consumer IC TWSE#4952 74% Sunext Technology Co., Ltd. (64m shares) ODD & Motor Drive IC Emerging#4921 Sunplus Group iCatch Technology Inc.
Slide 3: Automotive and Home Solutions
Automotive and Home Solutions 2017Q2 - Excellent User Experience Automotive Audio DVD CarPlay/ Karaoke Portable & Android Auto/CarLife Boombox Desktop AVM Soundbar ADAS Smart Speaker
Slide 4: Automotive Products
Automotive Products 2017Q2 ITU-T Lab AVM+ADAS Display Audio Provide customer Single platform CarPlay, Android acoustic pre-test realizing 2D/3D AVM Auto, CarLife Apple accepted and ADAS products Integrated high Sunplus report Integrated HW AVM performance engine to save audio/video proce
Slide 5: IP Solutions
IP Solutions 2017Q2 - Experience Optimized IP Solutions for SoC Design Media I/F Data/Com I/F SoC Companion (Video/Audio) (Networking/Datacom) MIPI RX IP, HDMI Tx IP, 10/100 ETHERNET SAR ADC, Pipeline LVDS IP, AUDIO ADC, PHY, USB 2.0, USB 3.0, ADC, PLL, SPREAD AUDIO DAC, VIDEO DDR 3/2 PHY, SerDes… S
Slide 6: Human Resources
Human Resources 2017Q2 28% Administration Global Employees/ R&D 1,383/ 885 41% Master above Sunplus HR/ R&D 64 R&D % 8% Production 300/ 176 59% Master above * Data by 2017/6/30
Slide 7: 2017 Q2 Consolidated Results
2017 Q2 Consolidated Results 2017Q2 (NT$ million) 2017Q2 2017Q1 2016Q2 QoQ YoY Net Sales 1,830 100% 1,479 100% 2,084 100% 24% (12%) COGS 1,086 59% 905 61% 1,178 57% 20% (8%) Gross Margin 743 41% 574 39% 905 43% 30% (18%) R&D Expenses 449 25% 438 30% 508 24% 2% (12%) SG&A Expenses 226 12% 210 14% 309
Slide 8: 2017 1H Consolidated Results
2017 1H Consolidated Results 2017Q2 (NT$ million) 2017 1H 2016 1H YoY Remark Net Sales 3,308 100% 3,886 100% (15%) Home DVD shrinking COGS 1,991 60% 2,203 57% (10%) Gross Margin 1,317 40% 1,683 43% (22%) Exchange rate, ASP down R&D Expenses 887 27% 970 25% (9%) SG&A Expenses 436 13% 548 14% (21%) Op
Slide 9: 2017 Affiliates' Contribution
2017 Affiliates’ Contribution 2017Q2 2017 Q2 Net Sales 2017 Q2 Net Income Sunnext NT$1,830m NT$28m Others Sunplus Sunplus 2% 19% Others 11% SunplusIT 17% -35% 9% Generalplus Generalplus 53% 53% Sunnext 1% SunplusIT 0% 2017 1H Net Sales 2017 1H Net Income NT$3,308m NT$346m Sunnext Others Sunplus Othe
Slide 10: 2017 Q2 Consolidated Balance Sheet
2017 Q2 Consolidated Balance Sheet Amount: NT$million Total Assets Cash & S-T Investment Account Receivable Inventory L-T investment (equity method) Intangible Assets Total Liabilities Account Payable Total Shareholder Equity Net Cash Folw in(out) From Operation From Investment From Financing Capex
Slide 11: 2017 Cash Flows
2017 Cash Flows 2017Q2 (NT$ million) 2017Q2 2017Q1 2016Q2 QoQ YoY Remarks From Operation (105) (355) 78 (70.5%) (233.6%) Inventory up From Investment (75) 464 144 (116.1%) (151.7%) Bought fund From Financing 114 (993) 58 (111.4%) 96.7% Hedge loan Net Cash Flow in (out) (59) (865) 302 (93.1%) (119.7%
Slide 12: 2017 Non-Operating Gain
2017 Non-Operating Gain 2017Q2 (NT$ million) 2017Q2 2017Q1 2016Q2 QoQ YoY Remarks Other Income 14 15 25 (5%) (43%) Exchange Gain (Loss) 19 (39) (18) (150%) (210%) Gain on Disposal of Investment 33 494 75 (93%) (56%) Tatung stock sold in Q1 Loss on Valuation of Financial Asset (35) (117) (50) (70%) (
Slide 13: Consolidated Net Sales & Gross Profit
Consolidated Net Sales & Gross Profit 2017Q2 NT$ million GP YoY: GP YoY: -18% -22% GP QoQ: +30% 43% 43% 41% 40% 2,084 39% 3,886 1,830 3,308 905 1,479 1,683 743 1,317 574 2Q '16 1Q '17 2Q '17 1H '16 1H '17 COGS Gross Profit Gross Margin COGS Gross Profit Gross Margin 13
Slide 14: R&D Expenses
R&D Expenses 2017Q2 NT$ million 41% 35% 26% 27% 29% 27% 133 129 133 126 123 121 1Q '16 2Q '16 3Q '16 4Q '16 1Q '17 2Q '17 R&D Expense R&D Expense of Sales 14
Slide 15: Consolidated Operating Net Profit
Consolidated Operating Net Profit 2017Q2 NT$ million YoY: -25% YoY: -105% QoQ: -190% 165 89 67 4% 4% 4% 2Q '16 1Q '17 2Q '17 0% -5% -75 1H '16 1H '17 -8 Operating Net Profit Operating Margin Operating Net Profit Operating Margin 15
Slide 16: Consolidated Net Profit
Consolidated Net Profit 2017Q2 NT$ million YoY: +21% YoY: +1247% QoQ: -91% 318 346 21% 10% 1% 2% 1% 23 28 26 1H '16 1H '17 2Q '16 1Q '17 2Q '17 Net Profit Net Profit Margin Net Profit Net Profit Margin 16
Slide 17: Q&A
& sunptus Q&A wn