Slide 1: 2Q20 Investor Conference
2Q20 Investor Conference 2020/07/28 ELAN Microelectronics Corporation
Slide 2: Sales Breakdown by Product Line (Consolidated)
Sales Breakdown by Product Line (Consolidated) Sales: NT$M 8,651 9,488 1,881 2,181 2,713 2,713 2,206 3,539 • Touch: Touchscreen Controller, Touchpad, Biometrics • Non-Touch: MCU, Pointing Stick, Affiliated Co. Products
Slide 3: 2Q20 Income Statement: YoY Comparison
2Q20 Income Statement YoY Comparison (Consolidated) NT$M 2Q20 % 2Q19 % YoY(%) Sales 3,539 100.0 2,181 100.0 62.3 Gross profit 1,684 47.6 1,005 46.1 67.6 Sales expense 132 3.7 91 4.2 G&A expense 101 2.9 82 3.7 R&D expense 479 13.5 375 17.2 Operating profit 972 27.5 457 21.0 112.7 Non-operating income
Slide 4: 2Q20 Income Statement: QoQ Comparison
2Q20 Income Statement QoQ Comparison (Consolidated) NT$M 2Q20 % 1Q20 % QoQ(%) Sales 3,539 100.0 2,206 100.0 60.4 Gross profit 1,684 47.6 1,043 47.3 61.5 Sales expense 132 3.7 102 4.6 G&A expense 101 2.9 70 3.2 R&D expense 479 13.5 357 16.2 Operating profit 972 27.5 514 23.3 89.1 Non-operating income
Slide 5: 1H20 Income Statement
1H20 Income Statement YoY Comparison (Consolidated) NT$M 1H20 % 1H19 % YoY(%) Sales 5,745 100.0 4,062 100.0 41.4 Gross profit 2,727 47.5 1,861 45.8 46.5 Sales expense 234 4.1 153 3.8 G&A expense 171 3.0 163 4.0 R&D expense 836 14.6 741 18.3 Operating profit 1,486 25.9 804 19.7 84.8 Non-operating inc
Slide 6: Balance Sheets
Balance Sheets Jun. 30, 2020 (Consolidated) NT$M Current assets 10,490 Cash and cash equivalents 2,775 Current financial assets 1,680 A/R&A/N 2,967 Inventory 1,876 Other current assets 39 Other current financial assets 1,153 Non-current financial assets 1,454 Fixed assets 801 Other non-current asset
Slide 7: Cash Flow Statement
Cash Flow Statement Jun. 30, 2020 (Consolidated) NT$M Income before tax 1,141 Dep & Amort. 84 Inc. of A/R & N/R (513) Inc. of inventory (532) Inc. of A/P & N/P 584 Others 207 Operating cashflow 971 Inc. F/A (63) Dec. F/A 1 Dividend received 13 Inc. of investments (909) Dec. Time deposit with maturit
Slide 8: Fair Value of ELAN's Holdings in FineMat
Fair Value of ELAN’s Holdings in FineMat / 旭暉評價調整說明 義隆電子是旭暉應材(6698)持股超過10%的大股東，旭暉掛牌上市時，本公司相關持股須強制集保， 所以會計處理依相關規定在評價時將流動性受限制部分折價認列。流動性折價因子係委託獨立單位 提供鑑價報告。 As ELAN has more than 10% of shareholdings of FineMat, ELAN’s stake in FineMat has been placed in central custody and is restricted for disposal af
Slide 9: 3Q20 Guidance
3Q20 Guidance Based on Current Assumptions of Future Prospects, ELAN Expects: • Consolidate Revenue to be Approximately between NT$ 4.6Billion and NT$ 4.8Billion • Gross Margin to be about 47% to 48% • Operating Income Rate to be about 31% to 33%
Slide 10: NB Touchpad Shipments
NB Touchpad Shipments Global vs. ELAN (Unit: M set) Source: TrendForce, TRI, NB Players, ELAN
Slide 11: NB Touchscreen Shipments
NB Touchscreen Shipments Global vs. ELAN (Unit: M set) 2015 2016 2017 2018 2019 2020(F) Global NB Q'ty 147 148 149 146 146 173 Penetration Rate 14% 14% 17% 18% 21% 28% * PS.: Global Touch NB Q’ty excluding Apple which does not support touchscreen function Source: TrendForce, TRI, NB Players, ELAN
Slide 12: US Back-to-School Expenditures Up vs Japan GIGA School Program
US Back-to-School Expenditures Up vs Japan May Fulfill “GIGA School Program” by 2020 / 美開學季支出增加暨日本預計提前中小 學一人一機計畫 • USA美國： – Us consumers raise their budget for NB and accessories in response to remote learning caused by COVID-19. 學生因應疫情而採取遠距上 課，使美國消費者預計提高預算添購筆電與配件。 – Back-to-school spending surges b
Slide 13: Q&A Thank You
Q&A T h a n k Yo u ELAN Microelectronics Corporation