Slide 1: ELAN Microelectronics Corp. 4Q17 Investor Conference
義隆電子 ELAN Microelectronics Corp. ELAN Microelectronics Corp. 4Q17 Investor Conference 2018/02/06
Slide 2: Sales Breakdown by Product Line
義隆電子 ELAN Microelectronics Corp. Sales Breakdown by Product Line (Consolidated) Sales: NT$M 6,559 7,503 1,589 1,867 2,160 1,887 • Touch: Touchscreen Chip, Touchpad, Biometric • Non-touch: MCU, Pointing Stick, Affiliated Co. Products
Slide 3: 4Q17 Income Statement YoY Comparison
義隆電子 ELAN Microelectronics Corp. 4Q17 Income Statement YoY Comparison (Consolidated) NT$M 4Q17 % 4Q16 % YoY(%) Sales 1,887 100 1,648 100 15 Gross profit 824 44 696 42 18 Sales expense 80 4 92 5 G&A expense 71 4 77 5 R&D expense 351 19 359 22 Operating profit 322 17 168 10 92 Non-operating income & e
Slide 4: 4Q17 Income Statement QoQ Comparison
義隆電子 ELAN Microelectronics Corp. 4Q17 Income Statement QoQ Comparison (Consolidated) NT$M 4Q17 % 3Q17 % QoQ(%) Sales 1,887 100 2,160 100 (13) Gross profit 824 44 994 46 (17) Sales expense 80 4 85 4 G&A expense 71 4 80 4 R&D expense 351 19 361 17 Operating profit 322 17 468 21 (31) Non-operating inco
Slide 5: 2017 Income Statement
義隆電子 ELAN Microelectronics Corp. 2017 Income Statement YoY Comparison (Consolidated) NT$M 2017 % 2016 % YoY(%) Sales 7,503 100 6,559 100 14 Gross profit 3,346 45 2,708 41 24 Sales expense 310 4 322 5 G&A expense 301 4 295 5 R&D expense 1,387 18 1,339 20 Operating profit 1,348 19 752 11 79 Non-operat
Slide 6: Balance Sheets
義隆電子 ELAN Microelectronics Corp. Balance Sheets December. 31, 2017 (Consolidated) NT$M Current assets 7,952 Cash and cash equivalents 1,984 Current financial assets 734 A/R&A/N 1,478 Inventory 1,152 Other current assets 65 Other current financial assets 2,539 Non-current financial assets 1,298 Fixed
Slide 7: Cash Flow Statement
義隆電子 ELAN Microelectronics Corp. Cash Flow Statement December. 31, 2017(Consolidated) NT$M Income before tax 1,261 Dep & Amort. 119 Dec.(Inc.) of A/R & N/R 170 Dec.(Inc.) of inventory (192) Inc.(Dec.) of A/P & N/P 30 Others 75 Operating cashflow 1,463 Inc.F/A (47) Dec.(Inc.) of investments (199) Dec
Slide 8: 1Q18 Guidance
義隆電子 ELAN Microelectronics Corp. 1Q18 Guidance Based on Current Assumptions of Future Prospects, ELAN Expects: • Consolidate Revenue to be Approximately between NT$1.8 Billion and NT$1.9 Billion • Gross Margin to be about 43% to 45% • Operating Income Rate to be about 17% to 19%
Slide 9: The Touch Trend Migration
義隆電子 ELAN Microelectronics Corp. The Touch Trend Migration More Active Active Pen Active Pen Functions Pen w/Tilt Passive Finger Pen only
Slide 10: ELAN's Any Pen Technology for EDU
義隆電子 ELAN Microelectronics Corp. ELAN’s Any Pen Technology for EDU U20 10.1” Education Tablet Acer Iconia One 8”
Slide 11: ELAN's Active Stylus MP Record (Prior to 2H 2016)
義隆電子 ELAN Microelectronics Corp. ELAN’s Active Stylus MP Record (Prior to 2H 2016) Acer Aspire Switch Fujitsu 2-in-1 Dell Inspiron 13.3” KYE Stylus Waltop Stylus Primax Stylus Lenovo ThinkPad P70 17.3” HP Spectre X2 12” Android Tablet Pentech Wacom AES pen Wacom AES Pen Ramos 10.1” Stylus Fragmented
Slide 12: Microsoft Surface Device Trend
義隆電子 ELAN Microelectronics Corp. Microsoft Surface Device Trend All Devices Compatible with MS Pen Tablet with KB Cover Clamshell Detachable Clamshell AIO Desktop Surface Pro 12.3” ($799+) Surface Laptop 13.5” ($799+) Surface Book 13.5”/15.6” ($1,499+) Surface Studio 28” ($2,999+) Source: MSFT
Slide 13: Microsoft Pen Devices with ELAN Inside
義隆電子 ELAN Microelectronics Corp. Microsoft Pen Devices with ELAN Inside Asus Zenbook Flip S Asus Transformer 13.3” 4K UHD T303 Starting at $1099 12.6” 3K Starting at $899 HP Spectre x2 12.3” ” 3K Starting at $1149 Asus Transformer T102 Asus Transformer 10.1” HD HP Spectre x360 T305 15 Starting at $3
Slide 14: The Always Connected PC
義隆電子 ELAN Microelectronics Corp. The Always Connected PC Windows on Qualcomm 835 with 20 hour Battery Life HP Envy X2 ASUS NovaGo 12.3” WUXGA+ with Corning GG4 Lenovo Miix 630 13.3” FHD LTPS 12.3” WUXGA+ Reference: www.techradar.com/news/hp-and-asus-unleash-first-snapdragon-835-laptops-with-20-hour-
Slide 15: Windows Ink Badging
義隆電子 ELAN Microelectronics Corp. Windows Ink Badging Windows Ink
Slide 16: Major Phone Brand with Stylus Implementation
義隆電子 ELAN Microelectronics Corp. Major Phone Brand with Stylus Implementation Wacom AES Apple Pencil Wacom EMR Matebook E MediaPad M2 Source: Huawei, Apple, Samsung
Slide 17: AES Pen Protocol Devices with ELAN Inside
義隆電子 ELAN Microelectronics Corp. AES Pen Protocol Devices with ELAN Inside HP ProBook x360 11.6” Lenovo Miix 320 10.1” HP Spectre X2 12” Lenovo ThinkPad P70 17.3”
Slide 18: Stylus Application
義隆電子 ELAN Microelectronics Corp. Stylus Application Note Commercial application E-Book Stylus Teaching Drawing Photo Gaming Retouching
Slide 19: Higher Challenge on AMOLED Panel
義隆電子 ELAN Microelectronics Corp. Higher Challenge on AMOLED Panel ЄoA c= d Flexible TFT LCD From Cover to Touch Sensor AMOLED Higher loading Cover Higher Display > 700 um Noise OCA Outcell Cover Direct Bond OCA < 700um OCA Touch Polarizer Polarizer Sensor Color Filter > 300 um Encapsulated Substrate
Slide 20: The Stylus Pioneer on Smartphone
義隆電子 ELAN Microelectronics Corp. The Stylus Pioneer on Smartphone Out/On/In Cell Touch with Stylus Support on TFT LCD Out Cell Mass Production Out/On Cell Touch with Stylus Support on Rigid on Infinix Note 4 Pro AMOLED In Cell CS Sample in Jul’18 Out/On Cell Touch with Stylus Already Finished th
Slide 21: New Applications with Active Pen
義隆電子 ELAN Microelectronics Corp. New Applications with Active Pen
Slide 22: ELAN Microelectronics Corp. Q & A
義隆電子 ELAN Microelectronics Corp. Q&A