Slide 1: FocalTech Investor Conference
敦泰電子(3545)法人說明會 FocalTech Investor Conference 法人說明會 2020/2/12 The world leader in human machine interface solutions
Slide 2: 免責聲明 DISCLAIMER
免責聲明DISCLAIMER • 本簡報之內容可能包括本公司基於從各項來源所取得的資訊， 對於營運、財務狀況與企業發展情形的前瞻性預估。 • This presentation may contain “forward-looking statements” which may include projections on future results of operations, financial condition, and business prospects based on our own information and other sources. • 因為包括但不限於市場需求、
Slide 3: 2019 Q4 Results Summary (1)
2019 Q4 Results Summary /108年第4季總結 (1) 在晶圓代工產能供應持續擴增，及導入客戶產品數量增加下，敦泰2019年第4季 IDC出貨量強勁成長，整體第4季營收季增9%，亦比上個年度同期大增37%，優於 預期。 Traditionally Q4 is not a strong season, yet FocalTech's IDC shipment soared in Q4 due to the expansion of foundry resources and more design wins in smartphones. The revenue i
Slide 4: 2019 Q4 Results Summary (2)
2019 Q4 Results Summary /108年第4季總結 (2) 受到IDC市場價格競爭影響，第4季產品毛利率下滑，單季毛利率為20.04%，較第3季減 少3.14個百分點。 Owing to competition, IDC price declined further in Q4. This depressed the Q4 gross margin to 20.04%, a decrease of 3.14 % from Q3. 雖然營業費用維持平穩，但在毛利下滑的影響下，敦泰第4季獲利較第3季為低，財報顯 示單季稅後淨利為0.51億元或每股純益0.2元，但依然連
Slide 5: 2019 Results Summary
2019 Results Summary /108年總結 因受到2018年產能限制的餘波，外加中美貿易戰開打的影嚮，2019年度上半年出貨比 預期為低，但在下半年的出貨有明顯的上升，導致出貨與營收狀況快速改善，全年營收 僅略低於2018年。在過去兩年營收相對衰退之際，敦泰持續保持研發投入，在2019持 續增長近5%，預期在IDC與AMOLED等技術的開發上，能夠確保技術領先及未來新產 品的競爭力。 The lack of capacity resulted in lower shipment and revenue in the 1st half of 2019. We saw a r
Slide 6: Q4 19' Income Statement
Q4 19’Income Statement /108年第4季損益表 Unit in NT$ Million /單位: 新台幣佰萬元 19' Q4 19' Q3 QoQ 18' Q4 YoY Revenue/ 營業收入 2,807 2,573 9% 2,044 37% Gross Profit/ 營業毛利 563 596 -6% (171) Gross Margin/ 營業毛利率 20.04% 23.18% ↓314bps -8.35% Operating Expense/ 營業費用 556 572 -3% 578 -4% Operating Income/ 營業淨利 6 25 -76% (7
Slide 7: 2019 Income Statement
2019 Income Statement /108年損益表 Unit in NT$ Million /單位: 新台幣佰萬元 2019 2018 YoY Revenue/ 營業收入 9,160 9,919 -8% Gross Profit/ 營業毛利 1,993 1,562 28% Gross Margin/ 營業毛利率 21.76% 15.70% 39% Operating Expense/ 營業費用 2,334 2,237 4% Operating Income/ 營業淨利 (341) (675) Non Operating Income/ 營業外收入 160 (1,829) Profit
Slide 8: Q4 19' Balance Sheet
Q4 19’Balance Sheet / 108年第4季資產負債表 Unit in NT$ Million /單位: 新台幣佰萬元 19' Q4 19' Q3 QoQ 18' Q4 YoY Cash & Market Securities/ 現金及流動金融資產 5,296 5,315 0% 4,771 11% Accounts Receivable/ 應收帳款 1,420 1,077 32% 983 44% Inventory/ 存貨 1,570 1,406 12% 2,121 -26% Other Current Assets/ 其他流動資產 362 231 57% 158 129% No
Slide 9: Future Outlook (1)
Future Outlook /未來展望 (1) 隨著內崁式產品的普及化，舊一代IDC產品的毛利有明顯下滑的趨勢，但因新一代的規格 包括Mux1:6 FHD、Dual Gate HD、及高刷新率等IDC產品，將可持續改善產品組合， 對毛利率表現挹注正向幫助，預期未來毛利應可持穩。 We are seeing the IDC gross margin decline as the in-cell LCD technology matures. At the same time, the market size continues to expand. Furthermore, next
Slide 10: Future Outlook (2)
Future Outlook /未來展望 (2) 導入敦泰IDC的客戶機款有望持續增加，也將同時帶動市佔率回升，但第1季本是大陸智 慧型手機供應鏈的傳統淡季，同時，因新冠狀肺炎疫情的影響，大陸及全球手機產業預 期會受到衝擊，這些丌確定因素對第1季的營運狀況，將產生一定的影響，但具體影響程 度尚無法估計。 Despite of continuous increase of design wins and market share gain in the 2nd half of 2019, Q1 is traditionally slow season. Moreover, the Nov
Slide 11: THANKS
THANKS Copyright © 2018 FocalTech Systems Co., Ltd. All Rights Reserved. The information in this document may contain predictive statements including, without limitation, statements regarding the future financial and operating results, future product portfolio, new technology, etc. There are a numbe