Pan Jit International Inc. · TWSE:2481
Pan Jit International — HSBC Taiwan Executive Forum 2018
29 slides from Pan Jit International's conference presentation, May 24, 2018
Slide 1: PANJIT International Inc. Investor Relations
強茂集團 PANJIT International Inc. Investor Relations Mutual Trust and Learning and Accountability Customer Focus Collaboration Innovation Growth
Slide 2: Agenda
Agenda - Introduce PANJIT - Worldwide discrete market - Consumer Electronic - Automotive Market - Research & development - Q&A 2
Slide 3: PANJIT GROUP
PANJIT GROUP 無錫至極動能科技有限公司 強茂股份有限公司 Sumnergy PANJIT Found Jun. 2017 Found May. 1986 Business Item： Business Item BMS, Battery Pack Discrete Device、Package / test 璟茂科技股份有限公司 熒茂光學股份有限公司 PYNMAX MILDEX Found Mar. 2000 Found May. 2005 Business Item Business Item Wafer Fabrication Touch Panel ( Industry/ M
Slide 4: PANJIT Location
/ PANSigg PANJIT Location ConoucroR | San Jose Ela Phoenix Baa Guadaljara Brasilia Headquarters Kaohsiung f Fa vy #8 BB Headquarters i?) 32 BBE Sh Sales Office 9 = Re Ee BA Sales Office and Manufacturer v
Slide 5: About PANJIT
About PANJIT • Listed: TWSE：2481 (IPO:2000) • Headquarter : Kaohsiung, Taiwan • Market Position – Global Diodes ＃7 – Discrete company in Great China ＃1 • The Revenue – 2017 group revenue USD 391 Million, Operating profit USD 31 Million – Automotive segment USD 27 Million in 2017, Focusing in China M
Slide 6: Global Diode Ranking
Global Diode Ranking No. 2016 2017 1 Vishay 10% Vishay 11% 2 Rohm 9% Rohm 10% 3 ON Semiconductor 7% ON Semiconductor 8% 4 Microsemi 7% Infineon Technologies 7% 5 Infineon Technologies 7% Microsemi 7% 6 NXP 6% Diodes 6% 7 STMicroelectronics 6% PANJIT 5% 8 Diodes 6% STMicroelectronics 5% 9 PANJIT 5% N
Slide 7: Global Discrete Ranking
Global Discrete Ranking Ｎo. 2016 2017 1 Infineon Technologies 13% Infineon Technologies 14% 2 ON Semiconductor 8% ON Semiconductor 10% 3 NXP 8% Mitshubishi 6% 4 Mitsubishi 6% Nexperia 6% 5 STMicroelectronics 6% Rohm 6% 6 Vishay 5% Toshiba 5% 7 Toshiba 5% Vishay 5% 8 Rohm 5% STMicroelectronics 5% 9 R
Slide 8: IGBT – Global Competitor
IGBT – Global Competitor IGBT Manufacturers Ranking by Voltage Range No.1 No.2 No.3 No.4 No.5 400V and Less 600-650V 1200V 1700V 2500V-3300V 4500V and More • The IGBT device industry is about to change. With a growing electric vehicle market, the power module is becoming an essentials of the value c
Slide 9: Financial Highlight
Financial Highlight Consolidated Balance Sheet Unit: K’ USD 2018 Q1 % 2017 Q1 % Cash 55,902 8% 41,521 7% Receivable 147,767 20% 113,134 18% Stock 84,639 12% 59,916 10% Total Asset 727,709 100% 627,632 100% Short-term loans 76,012 10% 39,474 6% Payable 75,050 10% 53,038 9% Long-term loans 191,816 26%
Slide 10: Financial Highlight
Financial Highlight Consolidated Statements of Comprehensive Income Unit: K’ USD 2018 Q1 ％ 2017 Q1 ％ Diff Diode Div. 82,162 87% 65,541 70% 16,621 Touch Panel Div. 10,501 11% 22,113 24% -11,612 Solar Div. 1,800 2% 5,146 6% -3,346 other 17 0.% 187 0% -170 Net Revenue 94,480 100% 92,987 100% 1,493 Gros
Slide 11: 2018 Q1 Discrete BU Revenue
2018 Q1 Discrete BU Revenue Region Function ESD BJT 2% KR US Japan 4% SEA 3% 2% 1% Zener Schottky 4% 9% 35% EMEA 8% Switching 8% TW TVS GC 14% 7% 68% MOSFET 12% Recifier 23% 11
Slide 12: 2018 Q1 Discrete BU Financial Highlights
2018 Q1 Discrete BU Financial Highlights Unit: M’ USD 85 21 80 20 82 20 19 75 18 70 17 65 16 66 16 60 15 Revenue Gross Profit 2017 Q1 2018 Q1 2017 Q1 2018 Q1 11 10 10.5 9 10 10 9 9.5 8 9 8.5 7 8 6 7.5 8 6 7 5 Operating Profit Net Profit After Tax 2017 Q1 2018 Q1 2017 Q1 2018 Q1 12
Slide 13: Consumer Electronic Market
PAN BI SEMI CONDUCTOR Consumer Electronic Market
Slide 14: Consumer Electronic – TV
Consumer Electronic – TV AMOLED Capacity Share by Maker, Worldwide, 2016-2021 • Chinese AMOLED makers and foreigners relocating to China will be able to provide 35% worldwide AMOLED capacity by 2021 Source: Gartner., 2017/8 14
Slide 15: Consumer Electronic – HA
Consumer Electronic – HA Global Consumer Appliances Player by Revenue • The market for major household appliances is expected to reach $28.1 billion by 2021. (Home Improvement Research Institute) Source: J.D. Power., 2017/7 ; 東方證卷 Midea., 2017 15
Slide 16: Automotive Market
PAN BI SEMI CONDUCTOR Automotive Market
Slide 17: Global EV Sales Volumes
Global EV Sales Volumes Unit : K • The world's electric vehicle sales in 2017 will reach 1,150,000 units (48% growth compared to 2016), about 1.22% of the total car sales. 17
Slide 18: Global Car Sales Volumes
Global Car Sales Volumes Unit: Million 120 111 100 107 104 100 90 80 87 84 81 77 60 40 20 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 18
Slide 19: Automotive system
Automotive system Powertrain Sensor • Start-stop system • Ultrasonic sensor • Engine Control Unit • Front/Rear Camera ADAS • Electric Power steering • Millimeter Wave Radar wheel （EPS） • Lidar • APA • LDWS/FCW • BSD Motor Body & Comfort • Cooling Fan • Air conditioning • Oil Pump • Windshield wiper
Slide 20: Automotive ADAS Market
Automotive ADAS Market Source: HIS., 2017/8 20
Slide 21: Automotive Seating Market
Automotive Seating Market 2017 Source: IHS Automotive and Lear estimates., 2017/1 21
Slide 22: Automotive Lighting
Automotive Lighting Source: Varroclighting., 2017/8 22
Slide 23: Automotive Audio / Infotainment
Automotive Audio / Infotainment • Display Audio with CarPlay and Android Auto is fastest-growing segment • HTML5 and Android expected to be key technologies for Embedded Infotainment • Audio systems remain relevant in emerging market Source: IHS / Visteon., 2017/3 23
Slide 24: Automotive Audio / Infotainment
Automotive Audio / Infotainment Source: Visteon., 2017/7 24
Slide 25: Automotive TMPS
Automotive TMPS • Tire pressure monitoring system (TPMS) • Cars are all equipped with 4 TPMS Source: 東北證卷., 2017/8 25
Slide 26: Research & Development
PAN BI SEMI CONDUCTOR Research & Development
Slide 27: Major Product Development Trends & Future Applications
Major Product Development Trends & Future Applications 27
Slide 28: IGBT - Application
IGBT - Application IGBT 應用範圍 家電應用 工業應用 照明應用 消費應用 汽車領域 電磁爐 UPS 電子鎮流器 數碼相機 汽車點火氣 變頻家電(空調 馬達控制 調光器(Dimmer) 伺服驅動器 、冰箱、洗衣機) 風力/光伏發電 高速機車 電鍋 焊接氣 地鐵機頭 微坡爐 工業感應加熱 真空吸塵器 分立IGBT IGBT模塊 工業變頻器 28
Slide 29: Questions & Answers
Questions & Answers
PANJIT International — HSBC Taiwan Executive Forum 2018 on 6ix