Slide 1: Macroblock Inc. Investor Presentation
Macroblock Inc. Investor Presentation | 2022.03.22 BofA 2022 APAC TMT Conference
Slide 2: About Macroblock
—— About — Macroblock
Slide 3: Company profile overview
Company profile overview MBI MBI Founded in June 1999 (Shanghai office) (Korea office) Market cap.: US$290mil Employees: > 250 R&D employees: > 50% Leading LED display driver IC design house MBI (SG) Jun Xin (Singapore Patent ownership: >170 patents (Shenzhen subsidiary) successfully fil
Slide 4: LED driver ICs
LED driver ICs LED RGB Mini-LED Lighting direct view FALD display backlight • Traditional • TV/Monitor • LED lighting (AC- LED display • Laptop/tablet DC/ DC-DC) • Fine-pitch/XR • CID • LED architectural • Mini-LED • VR lighting • Micro-LED • LED automotive lighting • Gaming/ Home entertainment
Slide 5: Growth strategy
Growth strategy Expanding overall addressable market FALD backlight driver IC New Products Automotive (OE) for NB, tablets, gaming monitors and Mini LED display, Module (mini/ micro large-sized TV extended reality (XR), LED) design-in with global tier-1 brands (2021) gaming display FALD
Slide 6: Mini/Micro-LED applications
Mini/Micro-LED applications <P4-P3: Outdoor Fine-Pitch LED <P3-P1.2: Fine-Pitch LED <P1.2-P0.5: Mini-LED <P0.5: Micro-LED Pitch Size (mm) 3.9 2.5 2.0 1.6 1.2 0.9375 0.75 0.625 0.5 0.1 Viewing Distance 8m 5m 4.0m 3.5m 2.5m 2m 1.5m 1.3m 1m 20cm P6-P2.0: Mini-LED FALD backlight panel Simulation / Exten
Slide 7: Mini-LED FALD backlight
—— Mini-LED —— FALD backlight
Slide 8: The mini-LED backlight market continues to grow
The mini-LED backlight market continues to grow Source: 行家說
Slide 9: Mini-LED FALD backlight tech enhances LCD viewing experience
Mini-LED FALD backlight tech enhances LCD viewing experience Gaming NB 17.3” 16.0” 15.6” >500 local dimming zones HDR1000 Twice as bright as OLED MBI Inside │ Controlling more local dimming zones per driver IC │ FPC space saving │ Achieving narrow-bezel design │ A cost effective display driver IC ar
Slide 10: MBI's competitive edge in the mini-LED FALD backlight market
MBI’s competitive edge in the mini-LED FALD backlight market Superior product spec Time multiplexing architecture, higher driving current, higher refresh rate, lower TCO and better display quality Continuous innovation VRR technology MBI continuously innovates and optimizes the mini-LED FALD backlig
Slide 11: MBI mini-LED FALD backlight driver IC solution roadmap
MBI mini-LED FALD backlight driver IC solution roadmap MBI 64CH 6334 AEC-Q100 certified 500- 2000Z MBI MBI MBI MBI MBI 48CH 5353Q 6353Q* 6328 6329 6353 300- 300- >1000Z >1000Z 500- 2000Z 2000Z 1000Z MBI 32CH 6322 MBI MBI >500Z 6340 6360 16CH >2000Z <500Z VR Tablet/NB CID Monitor/TV *AEC-Q100 certifi
Slide 12: Fine-pitch RGB display
—— Fine-pitch —— RGB display
Slide 13: Mini/micro-LED market is expected to expand vigorously in the future years
Mini/micro-LED market is expected to expand vigorously in the future years <P1.1 P1.2-1.6 LED display LED display MS MS 2021 8% 2021 49% 2025 15% 2025 55% CAGR CAGR 46% 31% │ P1.2-P1.6 segment has the highest market value in the LED fine pitch display market │ As the market moves towards the miniatu
Slide 14: MBI offers cutting-edge fine-pitch RGB display driver IC solution
MBI offers cutting-edge technology fine-pitch RGB display driver IC solution that leads industry upgrades Common technological MBI’ s “New Basics” defines the technical specs required for challenges faced by the fine-pitch LED displays: fine-pitch LED display market: Retaining good image quality wit
Slide 15: Common cathode driver IC solutions will dominate fine/ultra-fine-pitch market
Common cathode driver IC solutions will dominate the fine/ultra- fine-pitch LED display market Common cathode driver IC solutions can potentially save S power consumption by 10%-15%. The PCB layout is more complicated potentially increasing W the costs of driver ICs. Common cathode driver IC solutio
Slide 16: MBI has successfully obtained the common cathode patent
MBI has successfully obtained the common cathode patent Macroblock has successfully obtained the common cathode patent (in the US and Taiwan) that uses DLL circuit blocks in the circuit design to develop high performance LED driver ICs. MBI’s common cathode driver ICs support 16-bit grayscale Highly
Slide 17: Emerging market opportunities for LED fine-pitch displays
Emerging market opportunities for LED fine-pitch displays Indoor displays Benefiting from the high resolution and high HDR market demand, the new indoor display application market begins to grow. Outdoor displays Commercial and recreational activities resume in the post- pandemic era. Outdoor fine-p
Slide 18: LED display XR applications revolutionize the movie industry
LED display XR applications revolutionize the movie industry High-end fine-pitch LED display is capable of creating realistic XR environment for film production and cinematic experience. It is an end-to-end solution that integrates the value chain of the movie industry. DEVELOPMENT PRE- PRODUCTION P
Slide 19: Global virtual production market size is expected to reach US$3.1 billion by 2026
Global virtual production market size is expected to reach US$3.1 billion by 2026 100 SITES in 2020 >170 SITES in 2021 Source: Disguise/ Research and Markets
Slide 20: The benefits of virtual production
The benefits of virtual production Shadows and Real-time light reflections Immersive Pre-vis adjustments to are natural experience substantially movie sets, when using an potentially saves lighting and LED display makes acting production time shooting backdrop easier and money │ XR/ Virtual producti
Slide 21: MBI's driver IC solution meets the high-tech requirements of virtual production
MBI’s driver IC solution meets the high-tech requirements of virtual production 400-1500nits brightness range. 3840-7680Hz high refresh Inbuilt Gen-Lock technology Low brightness is used for rate meets professional synchronizes LED displays with shooting and high brightness is shooting requirements
Slide 22: Mini-/Micro-LED technologies
04 Mini-/Micro- LED technologies
Slide 23: Mini/Micro-LED sustainable growth strategy
Mini/Micro-LED sustainable growth strategy Developing mass transfer technology, manufacturing and molding key know-how Highly-integrated Mass transfer Mini/micro-LED LED driver IC technology COB module Focusing on growing highly- Creating value for customers by integrated LED driver IC business as p
Slide 24: Mini/Micro-LED mass transfer technology
Mini/Micro-LED mass transfer technology Key technologies Stamping Molding and adhesion Testing and monitoring PCB precision and warpage control COC Yield Rate 1st repair 2nd repair 99.99% 100% COC
Slide 25: Financial report
—— Financial -—— report
Slide 26: Financial performance at a glance
Financial performance at a glance
Slide 27: Consolidated income statement (QoQ)
Consolidated income statement (QoQ) QoQ NTD (thousand) 2021Q4 2021Q3 (2021Q4 VS 2021Q3) Net Sales 728,752 100.0% 1,044,188 100.0% -30.2% Gross Margin 366,073 50.2% 552,121 52.9% -33.7% Operating Expenses 225,865 31.0% 259,453 24.8% -12.9% Selling and marketing expenses 38,680 5.3% 32,711 3.1% 18.2%
Slide 28: Consolidated income statement (YoY)
Consolidated income statement (YoY) YoY NTD (thousand) 2021Q4 2020Q4 (2021Q4 VS 2020Q4) Net Sales 728,752 100.0% 561,364 100.0% 29.8% Gross Margin 366,073 50.2% 203,842 36.3% 79.6% Operating Expenses 225,865 31.0% 183,191 32.6% 23.3% Selling and marketing expenses 38,680 5.3% 22,756 4.1% 70.0% Gener
Slide 29: Consolidated income statement (YoY accumulative)
Consolidated income statement (YoY accumulative) YoY NTD (thousand) 2021/1/1~2021/12/31 2020/1/1~2020/12/31 (2021 VS 2020) Net Sales 3,174,865 100.0% 1,901,224 100.0% 67.0% Gross Margin 1,467,559 46.2% 650,697 34.2% 125.5% Operating Expenses 881,113 27.8% 628,315 33.0% 40.2% Selling and marketing ex
Slide 30: Q&A
Q&A
Slide 31: Macroblock
<& Macroblock