Andes Technology Corp. · TWSE:6533

Andes Technology — Q3 2020 Earnings Presentation

52 slides from Andes Technology's earnings presentation, Nov 9, 2020

  1. Slide 1: Andes Technology Q3 2020 investor conference

    Y BAIS APRA SERS 2020/11/09 TECHNOLOGY

  2. Slide 2: 投資安全聲明

    投資安全聲明 除簡報內所提供之歷史信息外，簡報事項係屬預測性陳述，受 到風險及不確定性因素影響，可能造成實際結果與陳述內容發 生不符，這些不確定性因素包括但不限於：天氣、競爭性產品 及其定價的影響、產業及市場對半導體產品之供給及需求移轉 、新產品大量量產之能力、技術急遽演進、半導體產業景氣以 及整體經濟環境之變化。 2

  3. Slide 3: 簡報大綱

    簡報大綱 01 公司簡介 02 營運成果 03 產品應用 04 新產品及生態系統 05 總結

  4. Slide 4: 公司簡介

    公司簡介 http://www.andestech.com

  5. Slide 5: 晶心亮點

    晶心亮點 • 2005年3月設立於台灣新竹科學園區。 • 根基穩健的高科技上市公司。 • 員工人數達210人；80%為工程師。 • EETimes評為全球60家最具潛力半導體新創公司。(2012) • 獲得TSMC 2015年新的 IP OIP Award 。 • 晉升為RISC-V國際聯盟(前身為RISC-V基金會) 首席會員。 (2020) • 獲得Al Global Media頒發「2020年最傑出嵌入式處理器IP供應商」。 晶心任務 • 創新架構高效能/低功耗嵌入式處理器。 晶心利基 • 智能及環保之電子設備 • 雲端應用,人工智慧及物聯網

  6. Slide 6: 重要里程碑

    重要里程碑  200+ commercial licensees  Geographically distributed in Taiwan, China, Korea, Japan, Europe, and USA Andes-  400+ license agreements signed Embedded SoC  AndeSight™ IDE:  19,000+ installations IP / EDA Design Service / Foundries  Eco-system:  160+ partners Development Environment Misc

  7. Slide 7: 營運成果

    營運成果 http://www.andestech.com

  8. Slide 8: IP 授權合約數穩健成長

    IP 授權合約數穩健成長 160 600 140 500 120 400 100 80 300 60 200 40 100 20 0 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 3Q20 IP授權合約數 1 2 3 6 12 16 16 24 27 27 31 39 43 141 120 累計IP授權合約數 1 3 6 12 24 40 56 80 107 134 165 204 247 388 508 8

  9. Slide 9: 2020年前三季營業收入

    2020年前三季營業收入 YoY -13.6% About us (單位:新台幣千元) 400,000 361,647 350,000 312,427 300,000 250,000 200,000 150,000 100,000 50,000 - Q1-Q3 19 Q1-Q3 20 9

  10. Slide 10: 2020年第三季營業收入

    2020年第三季營業收入 QoQ YoY +2.9% -18.1% (單位:新台幣千元) About us 140,000 127,851 120,000 101,797 104,768 100,000 80,000 60,000 40,000 20,000 - 3Q19 2Q20 3Q20 10

  11. Slide 11: 2020前三季前十大客戶之應用分析

    2020前三季前十大客戶之應用分析 單位: 新台幣千元 前十大客戶貢獻63%的營收 80,000 About us 70,000 37% 60,000 63% 50,000 40,000 30,000 20,000 10,000 - 11

  12. Slide 12: 2020年第三季權利金收入

    2020年第三季權利金收入 QoQ YoY +19.3% +29.6% About(單位:新台幣千元) us 40,000 36,969 35,000 30,976 30,000 28,519 25,000 20,000 15,000 10,000 5,000 - 3Q19 2Q20 3Q20 12

  13. Slide 13: 2020年前三季權利金收入

    2020年前三季權利金收入 YoY +34.3% About us (單位:新台幣千元) 120,000 100,439 100,000 80,000 74,785 60,000 40,000 20,000 - Q1-Q3 19 Q1-Q3 20 13

  14. Slide 14: 2020年前三季權利金應用分析

    2020年前三季權利金應用分析 單位: 新台幣千元 前十大權利金客戶貢獻88%的權利金 60,000 12% About us 50,000 40,000 30,000 88% 20,000 10,000 - 14

  15. Slide 15: 2020年前三季權利金收入

    2020年前三季權利金收入 (單位:新台幣千元) (單位:家數) 120,000 45 40 110,000 40 100,000 33 35 90,000 80,000 28 30 25 70,000 25 60,000 20 50,000 15 15 40,000 15 30,000 9 10 20,000 5 10,000 1 2 5 - 0 1-3Q 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 權利金 445 660 1,285 10,819 12,232 13,320 38,287 74,953 106,716 100,439

  16. Slide 16: 營業毛利與毛利率

    營業毛利與毛利率 (單位:新台幣千元) About us 140,000 100.00% 120,000 80.00% 100,000 60.00% 80,000 60,000 40.00% 40,000 20.00% 20,000 - 0.00% 3Q19 2Q20 3Q20 營業毛利 127,528 101,654 104,177 毛利率 99.75% 99.86% 99.43% 16

  17. Slide 17: 營業費用

    營業費用 QoQ YoY +7.9% +6.9% (單位:新台幣千元) About us 140,000 123,.667 122,474 132,148 120,000 100,000 61,600 54,211 58,233 80,000 研發費用 14,991 管理費用 60,000 27,644 推銷費用 27,360 40,000 54,465 20,000 42,904 36,881 - 3Q19 2Q20 3Q20 17

  18. Slide 18: 營業利益(損失)

    營業利益(損失) QoQ YoY - -824% (單位:新台幣千元) About us 10,000 5,000 3,861 - 3Q19 2Q20 3Q20 -5,000 -10,000 -15,000 -20,000 (20,820) -25,000 -30,000 (27,971) 18

  19. Slide 19: 營業利益率

    營業利益率 QoQ YoY -6.25 PT -29.72 PT About us (%) 5.00% 3.02% 0.00% 3Q19 2Q20 3Q20 -5.00% -10.00% -15.00% -20.00% -20.45% -25.00% -26.70% -30.00% 19

  20. Slide 20: 合併淨利(淨損)

    合併淨利(淨損) QoQ YoY - -821 % (單位:新台幣千元) About us 10,000 4,077 5,000 - 3Q19 2Q20 3Q20 -5,000 -10,000 -15,000 -20,000 -25,000 (17,696) -30,000 (29,407) -35,000 20

  21. Slide 21: 合併淨利率(淨損率)

    合併淨利率(淨損率) QoQ YoY -10.69 PT -31.26 PT About us (%) 5.00% 3.19% 0.00% 3Q19 2Q20 3Q20 -5.00% -10.00% -15.00% -20.00% -17.38% -25.00% -28.07% -30.00% 21

  22. Slide 22: 每股盈餘

    每股盈餘 QoQ YoY -0.28 -0.79 About us (單位:元) 0.30 0.10 - 3Q19 2Q20 3Q20 (0.30) (0.41) (0.60) (0.69) (0.90) 22

  23. Slide 23: 2020年前三季銷售分析-收入模式

    2020年前三季銷售分析-收入模式 矽智財授權收入 權利金收入 技術服務收入 維護服務收入及其他 About us 12% 36% 20% 32% 23

  24. Slide 24: 2020年前三季銷售分析-地區別

    2020年前三季銷售分析-地區別 台灣 美國 中國 韓國 歐洲 日本 About us 1% 5% 23% 42% 28% 24

  25. Slide 25: 2020年前三季銷售分析-客戶應用

    2020年前三季銷售分析-客戶應用 3% 3% Video& Audio 3% About us 3% 24% MCU IoT 7% AI Sensing 10% Navigation Others 17% Networking 14% Automotive Storage 14% *Based on agreement number 25

  26. Slide 26: 2020年前三季銷售分析-產品別

    2020年前三季銷售分析-產品別 N8 1% 2% Customized IP 22% V3 1%1% RISC-V 2% D25 44% 2% 23% N9 Custom Computing 5% N25 Service 6% 34% D10 AX25 8% N10 N22 14% NX25 N13 10% N7 ACE AndeSight 10% 13% EVB OTHERS 26

  27. Slide 27: 2020年第三季銷售分析-RISC-V

    2020年第三季銷售分析- RISC-V (單位:新台幣千元) 69,057 70,000 About us 60,000 52,593 44,511 50,000 41,894 38,554 40,000 31,683 27,111 30,000 21,349 20,000 42.5% 7,664 54.0% 41.2% 21.0% 10,000 21.2% 7.3% - 3Q19 2Q20 3Q20 V3 RISC-V Custom Computing 27

  28. Slide 28: 產品應用

    產品應用 http://www.andestech.com

  29. Slide 29: 晶心概況

    晶心概況  A 15-year-old public CPU IP company  1.5B+ Andes-Embedded SoC annually in 2019 GNU Toolchains  A founding premier member of the RISC-V International  An active role in RISC-V International & its LLVM extension task groups RISC-V Board Director Vice Chair of Technical Steering Committee RIS

  30. Slide 30: 晶心嵌入各式各樣新的應用

    晶心嵌入各式各樣新的應用 Sensor Hub WiFi/ BT/ GPS/ FM (combo) NFC Smart Speakers: Bike Sharing: X-Trail: Controller Touch WiFi IoT GPS Ctrl ADAS Ctlr Storage Screen Controller Controller Switch: Andes Embedded in Smart Phones Game Flash Ctlr  In leading machine learning computers for datacenter  In tier-one s

  31. Slide 31: 晶心RISC-V已應用在邊緣到雲端運算的SoC

    晶心RISC-V已應用在邊緣到雲端運算的SoC Edge to Cloud ADAS Datacenter AI accelerators AIoT SSD: enterprise (& consumer) Blockchain 5G macro/small cells FPGA MCU Multimedia Security Wireless (BT/WiFi) 40nm to 7nm 5G Macro Many in AI

  32. Slide 32: 晶心RISC-V核心在SoC中被採用的數目

    晶心RISC-V核心在SoC中被採用的數目 o single core ooooo oooooooooooooooooooo…oooooooooooooooooooo 2-8 cores ooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooo

  33. Slide 33: 新產品及生態系統

    新產品及生態系統 http://www.andestech.com

  34. Slide 34: 晶心RISC-V產品概述

    晶心RISC-V產品概述 Best extensions to RISC-V AndeStar™ Architecture V5 AndesCore™ AndeSight™ Highly optimized Processors Tools Professional IDE design with Standby EDM COP Intf with high code & VIC leading PPA AndesCore uCore quality ITLB MMU/MPU DTLB Instr Instr LM Data LM Data Cache Intf Intf Cache DMA

  35. Slide 35: 晶心RISC-V產品路線圖

    晶心RISC-V產品路線圖 RV32/RV64 Vector Ext. Superscalar Benefits A25MP 27-Series: 45-Series: 512-bit SIMD raises Cache-Coherent AX25MP MobileNet by 30x 1-4 Cores Dual Issue (CNN for mobile vision) Vector Ext. MemBoost MemBoost NX27V N45/NX45 boost performance D45/DX45 by 50% Linux with A25 A27/AX27 A45/AX45

  36. Slide 36: Andes V5適用於廣泛的運算架構

    Andes V5適用於廣泛的運算架構 AndeStar™ V5 CPUs Conventional Computing Domain Specific Architecture Architecture (DSA) RV32/64 Andes Extension N/D-series Leading PPA Embedded Processor Define custom instruction to N22 N(X)25 D25… IoT, Sensing, Storage, Audio, GPS handle time critical codes A-series High Perfor

  37. Slide 37: 晶心RISC-V處理器在AI的各種應用

    晶心RISC-V處理器在AI的各種應用 Data Center Automotive Mobile AR/VR Surveillance • ADAS, HDR • > 10 cameras Smart Home • Face unlock Vector CPUs • Bokeh Smart Camera • Avatar • Intelligent HMI • SLAM • Barge-in • Gesture recognition Smart IoT Devices • High resolution • Beamforming • Speech to text • > 1 camera

  38. Slide 38: Andes RISC-V DSP 指令集延伸

    Andes RISC-V DSP 指令集延伸 • Andes contributed market-proven DSP(SIMD) as P-Extension • Designed to accelerate slow video, audio/voice and low data rate DSP workloads Real world speedup using P-Extension DSP MP3 decode 2 RV32P AMR voice codec 3.7 ML-KWS (keyword spotting) 5.2 PNET (90% of Face Detection

  39. Slide 39: 晶心向量處理器(NX27V)

    晶心向量處理器(NX27V) - One for All Implementations *512b Cloud Computing – Datacenter, HPC, Server *256b NX27V Edge Computing – 5G, Vision Processing Endpoint Computing – Natural Language Processing *128b * Configurable compute data width (VLEN)

  40. Slide 40: Andes 客製化指令集延伸

    Andes 客製化指令集延伸  ACE unlocks RISC-V’s Potential of DSA • Define ACE instruction to handle time critical codes • Another approach to co-processor or accelerators  All-in-one COPILOT development environment • Automation tool and ease of use • Extensions are easy to re-use, can be used as a library

  41. Slide 41: Taking RISC-V Cores to Next Level

    Taking RISC-V Cores to Next Level Andes is the world-leading supplier shipping the commercial RISC-V cores to market with the support of P-Extension • D25F, A(X)25(MP), A(X)27, A(X)45 V-Extension • NX27V, NX45V Custom-Extension • Entire 25, 27, 45 series (w/ ACE* support) *: Andes Custom Extension

  42. Slide 42: 晶心RISC-V產品的優勢

    晶心RISC-V產品的優勢 Performance • Leading PPA and code size & Extensibility • Rich data processing in P, V, and ACE Configurability • Flexible configurations for rich features • Compiler optimizations, and SW stacks Maturity • Comprehensive features in AndeSight IDE

  43. Slide 43: 積極參與RISC-V社群活動

    積極參與RISC-V社群活動  Contributing hardware architecture extensions  Chair of the P-extension (Packed SIMD/DSP) Task Group  Co-chair of Fast Interrupts Task Group  Closely reviewing activities of other Task Groups

  44. Slide 44: 晶心協助強化RISC-V生態系統

    晶心協助強化RISC-V生態系統  More choices for customers are good  Andes works closely with partners to grow RISC-V ecosystem

  45. Slide 45: 晶心在RISC-V上的定位

    晶心在 RISC-V上的定位 Complete product portfolio Reliable RISC-V core IP vendor Extreme low power consumption, high computing efficiency World’s leading P-, V- and Custom-Ext. Capable RISC-V cores Professional custom computing service 45

  46. Slide 46: 生態系統: Andes 與 Knect.me

    + HE Awe: Andes &i Knect.me

  47. Slide 47: Knect.me 生態系統

    Knect.me 生態系統  Built up the community to help FlashFetch Flash/ AndesCore Data RAM ROM/ AHB Intf RAM DMA AHB Masters SPI developing IoT products (quad speed) LMBRG LMBRG AHB Bus AHB Slaves MAC/PHY Crypto Engine Matrix OTP for password,  To knect solutions for silicon IP’s, keys, etc. APB Bridge GP

  48. Slide 48: FreeStart Program

    FreeStart Program  FreeStart Evaluation Program (FSEP)  Support Package (FSSP)  For all RISC-V enthusiasms and  For all educator/researcher  $20K for 1st year, including  Fixed-Configuration N22 RTL • 1 year e-service  Sign simple evaluation agreement directly on • FreeStart AE250 RTL website

  49. Slide 49: Event Promotion

    Event Promotion RISC-V CON RISC-V CON Silicon Valley Beijing RISC-V CON Shanghai RISC-V CON RISC-V CON Hsinchu Shenzhen RISC-V CON series RISC-V Roadshow & Workshop Series TSMC symposium & OIP series RISC-V Summit in San Jose 2020: Diamond Sponsor

  50. Slide 50: 總結

    總結 http://www.andestech.com

  51. Slide 51: A Trusted Computing Expert

    A Trusted Computing Expert Successfully rolled out new series of RISC-V cores (w/ leading P-, V- and Custom-Ext.), custom computing service and FreeStart program to extend more oppty. Andes Aggressively involved in RISC-V International new technology development, contributing and Technology leveragi

  52. Slide 52: Thank You

    Thank You http://www.andestech.com +886-3-5726533 52

Andes Technology — Q3 2020 Earnings Presentation on 6ix