Sino-american Silicon Products Inc. · TPEX:5483

Sino-american Silicon Products — TPEx Investor Conference (April 2015)

28 slides from Sino-american Silicon Products's conference presentation, Apr 1, 2015

  1. Slide 1: TPEx Investor Conference

    TPEx Investor Conference 01 Apr, 2015

  2. Slide 2: Legal Disclaimer

    Legal Disclaimer This document is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. SAS’s statements that are not historical facts are forward-looking statements that indicate actions or results of actions that may occur in the future,

  3. Slide 3: SAS Business Sector (Solar)

    SAS Business Sector (Solar) Silfab in Italy Sino-American Silicon Products Inc. 3

  4. Slide 4: SAS Company Profile

    SAS Company Profile Established : 1981 Paid-in Capital : NTD 5.8 B Employees : about 4,000 (worldwide) Headquarter : Hsinchu Science Park, Taiwan R.O.C. Products : semiconductor wafer(3”~12”), solar wafer / cell / module Revenue : 2015 Jan~ Feb NTD 4.52 B ( 12.7%↑, YoY) (unit : NTD M) 4

  5. Slide 5: SAS Milestones

    SAS Milestones 1981 Sino-American Silicon Products Inc. established …… 1998 New owners and management team join SAS 1999 SST established in China 2000 Enter Solar Ingot / Wafer Business 2001 SAS IPO in Taiwan ( 5483 TT ) 2006 SAS Fab-1 construction completed in Chunan 2007 Sapphire Business Unit est

  6. Slide 6: Organization Structure

    Organization Structure sapphire semiconductor solar 40.44% 86.29% 24.7% 100% Crystalwise GWC Accusolar SSY formerly (GlobalWafers Co.,Ltd, (Accusolar Co., (Sino-American Silicon Sino Sapphire Co., Ltd. Taiwan) Ltd. Taiwan) Products Inc. Yilan Branch) 100% 100% 100% 100% SST GT GWJ ALEO Sino Silicon

  7. Slide 7: SAS Group (Solar)

    SAS Group (Solar) Europe Taiwan ALEO (Germany) SAS HQ Hsinchu SAS Yilan (Fab 3) Taiwan SAS Chunan (Fab1 & Fab-2) 7

  8. Slide 8: SAS Consolidated Financial Statements

    SAS Consolidated Financial Statements unit: NTD M 2013 % 2014 % Revenue 22,215 100 27,821 100 Gross Profit 2,439 11 3,498 13 Operation Income 629 3 1,447 5 PBT 128 - 1,925 7 PAT 295 1 1,128 4 Total Debt & Debt ratio 19,088 48 19,304 47 ROE (%) 1.62 5.76 EPS 0.57 2.06 *ROE: annualized rate 8

  9. Slide 9: SAS – Solar Separate Financial Statements

    SAS – Solar Separate Financial Statements unit: NTD M 2013 % 2014 % Revenue 5,209 100 9,176 100 Gross Profit (1,356) (26) (719) (8) Operation Income (1,623) (31) (1,064) (11) PBT 122 2 1,138 13 PAT 295 5 1,128 13 Total Debt & Debt ratio 11,112 38 10,272 33 ROE (%) 1.62 5.76 EPS 0.57 2.06 *ROE: annua

  10. Slide 10: Global Inverter Shipments by Region

    Global Inverter Shipments by Region Source: GTM Research 12 Feb, 2015 China raised solar target to 17.8GW in 2015 10

  11. Slide 11: Ingot / Wafer / Cell / Module Capacity

    Ingot / Wafer / Cell / Module Capacity Silicon Ingot Wafer Cell Module BoS D2D / Sales MW 1,200 1,000 800 600 400 200 0 Ingot Wafer Cell Module 2013 850 800 350 340 2014 900 850 500 340 2015 1,100 1,000 850 340 11

  12. Slide 12: New Products Release Conference at PV Taiwan 2014

    New Products Release Conference at PV Taiwan 2014  High Efficiency Mono-Si Celco Solar Module - Mono P-type - 300W output 12

  13. Slide 13: SAS Business Sector (SEMI) GlobalWafers Co., Ltd.

    SAS Business Sector (SEMI) GWC fab in Niigata, Japan GlobalWafers Co., Ltd. 13

  14. Slide 14: GWC Company Profile

    GWC Company Profile  Established : 2011 (spin off from SAS)  Paid-in Capital : NTD $3.493 B  Employees : about 2,400 (worldwide)  Headquarter : Hsinchu Science Park, Taiwan, R.O.C  Products : 3”~12” semiconductor wafer  Revenue : 2015 Jan~ Feb NTD 2.66 B ( 12.6%↑, YoY) Million NTD 20,000 15,00

  15. Slide 15: GWC Milestones

    GWC Milestones 1981 Sino-American Silicon Products Inc. established …… 1998 New owners and management team join SAS 1999 SST established in China 2001 SAS IPO in Taiwan (5483 TT) 2008 Acquired GlobiTech Incorporated, TX, USA 2011 Company spin off – SAS / GWC / SSC 2012 Acquired Covalent Silicon, Jap

  16. Slide 16: GWC Group (Semi)

    GWC Group (Semi) GWJ Japan Taiwan GWJ Oguni GWJ Niigata GWC HQ Hsinchu GWJ Tokuyama GWJ Sekikawa China USA SST Kunshan Globitech TX 16

  17. Slide 17: GWC Consolidated Financial Statements

    GWC Consolidated Financial Statements unit: NTD M 2013 % 2014 % Revenue 15,570 100 15,922 100 Gross Profit 3,663 23 3,728 23 Operation Income 2,194 14 2,336 14 PBT 2,204 14 2,679 16 PAT 1,948 12 2,095 13 Total Debt & Debt ratio 7,939 37 8,282 39 ROE(%) 14.95 15.91 EPS 6.14 6.60 *ROE: annualized rate

  18. Slide 18: GWC wafers are used in..

    GWC wafers are used in.. MOS applications: Logic, Memory, Analog, CIS, MROM, Nor/Nand Flash, Driver ASIC.. Handheld PC, Tablet TV Sensor MOS Application Game 8” 12” Sensor Transformer ≦8” ≦6” Discrete Power MOSFET Shinkansen EV Industrial applications: Automobile, AC/DC power supply, lighting, Solar

  19. Slide 19: Global Semiconductor Market Scale

    Global Semiconductor Market Scale source: GGartner；WSTS；工研院IEK(2015/02)art； WSTS；工研院IEK(2015/02) 19

  20. Slide 20: Global Semiconductor Application Scale & Growth

    Global Semiconductor Application Scale & Growth Source: Gartner；工研院IEK(2015/02) 20

  21. Slide 21: Semiconductor Market Forecasts

    Semiconductor Market Forecasts Source : IC Insights 2015-02-17 To exceed 0NE TRILLION units in 2017 21

  22. Slide 22: Semiconductor Forecast by Region & Products

    Semiconductor Forecast by Region & Products Source : WSTS 2014-12-02 22

  23. Slide 23: Silicon Shipment Forecasts

    Silicon Shipment Forecasts 2014~2016 Actual Forecast 2012 2013 2014F 2015F 2016F MSI 8,814 8,834 9,410 9,840 10,163 Annual 0% 0% 7% 5% 3% Growth * Total Electronic Grade Silicon Slices – Does not Include Non-Polished (MSI) Source: SEMI, October 2014 23

  24. Slide 24: Silicon Shipment & Revenue

    Silicon Shipment & Revenue 2007~2014 Annual Silicon* Industry Trends 2007 2008 2009 2010 2011 2012 2013 2014 Area Shipments 8,661 8,137 6,707 9,370 9,043 9,031 9,067 10,098 (MSI) Revenues 12.1 11.4 6.7 9.7 9.9 8.7 7.5 7.6 ($B) * Shipments are for semiconductor applications only and do not include so

  25. Slide 25: Silicon Wafer Price Forecasts

    Silicon Wafer Price Forecasts 300mm 200mm Note : Polished wafer prices. However, price differ depending on grade and terms of trade with customers. Source: Citi Research 2014-11-19 25

  26. Slide 26: GWC Tier-1 Client base

    GWC Tier -1 Client base ASIA US/ Europe 26

  27. Slide 27: Dividend Policy

    Dividend Policy Year EPS Dividend 2010 10.5 NTD 5.5 S 2011 1.02 NTD 0.85 A 2012 (4.9) - S 2013 0.57 NTD 1.0 2014 2.06 NTD 1.8 Year EPS Dividend G 2011 - spin off W 2012 3.44 NTD 2.8 C 2013 6.14 NTD 5.5 2014 6.60 NTD 5.7 27

  28. Slide 28: Q&A

    Q&A

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