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May 25, 2011
1
Agenda
FINANCIAL RESULTS
SALES & MARKETING
NEW BUSINESS
BUSINESS HIGHLIGHTS
Q&A
2
FINANCIAL RESULTS
33
Unit: $NT in Million
Revenue Trend
1,614
1,792
2,153
1,803
1,394
1,824
2,217 2,292
2,113
2,338
2,510
2,689
2,322
-13.64%
1.79% 2.98%
27.14%
-13.63%
1.80%2.97%
27.15%
39.40%
28.19%
13.19%
17.30%
9.92%
-20%
-10%
0%
10%
20%
30%
40%
50%
0
500
1,000
1,500
2,000
2,500
3,000
08.Q1 08.Q2 08.Q3 08.Q4 09.Q1 09.Q2 09.Q3 09.Q4 10.Q1 10.Q2 10.Q3 10.Q4 11.Q1
Quarterly Revenue YoY Quarterly Revenue Growth
44
Unit: $NT in Million
Gross Profit Trend
420
471
589
537
273
422
576 633
532
629
696 679
576
26.00% 26.26%27.36%
29.76%
19.61%
23.15%
26.00%
27.59%
25.16%
26.91%27.75%
25.20% 24.63%
0%
5%
10%
15%
20%
25%
30%
35%
0
100
200
300
400
500
600
700
800
08.Q1 08.Q2 08.Q3 08.Q4 09.Q1 09.Q2 09.Q3 09.Q4 10.Q1 10.Q2 10.Q3 10.Q4 11.Q1
Quarterly Gross Profit Quarterly Gross Margin
55
Unit: $NT in Million
Net Profit Trend
206 212
276
257
69
170
260
283
213
331
361
285
237
12.79%
11.82%
12.84%
14.26%
4.97%
9.31%
11.74%12.34%
10.08%
14.15%14.37%
10.61%
10.13%
0%
2%
4%
6%
8%
10%
12%
14%
16%
0
50
100
150
200
250
300
350
400
450
08.Q1 08.Q2 08.Q3 08.Q4 09.Q1 09.Q2 09.Q3 09.Q4 10.Q1 10.Q2 10.Q3 10.Q4 11.Q1
Quarterly Net Profit Quarterly Net Margin
66
Balance Sheets & Key Index
Item 10.Q3 10.Q4 11.Q1
Current Assets $ 5,969 $ 5,691 $ 5,808
Cash $ 1,732 $ 1,635 $ 1,552
Notes & Account receivables $ 2,808 $ 2,788 $ 2,982
Inventories $ 1,313 $ 1,128 $ 1,188
Fixed assets $ 4,681 $ 5,062 $ 5,147
Total assets $ 10,987 $ 11,069 $ 11,309
Current liabilities $ 3,354 $ 2,809 $ 2,628
Notes & Account payables $ 1,633 $ 1,310 $ 1,312
Long-term liabilities $ 1,212 $ 1,718 $ 1,748
Total liabilities $ 4,579 $ 4,540 $ 4,399
Shareholders' equity$ 6,408 $ 6,529 $ 6,910
Debt ratio 41.68% 41.01% 38.90%
Current Ratio 177.97% 202.60% 221.03%
Quick Ratio 135.36% 157.45% 172.52%
Net Value Per Share $ 21.56 $ 21.97 $ 23.32
Unit: NT$ in Million
7
Capital Expenditures
7
Unit: NT$ in Million
Building 265
Production Lines:
TCXO/AOM*6、X'TAL*2
Sapphire Equipment
RD Equipment
Others 36
Sum 1,226
Building 22
Equipment 92Production Lines:
Tuning Fork*3
Others 4
Sum 118
1,344
Factories 250 Q3/Q4
Equipment 150 10 Production Lines (New & Old)
Sum 400
NGB
factory
Total
Equipment
CKG
factory
Notes
Ping-
Cheng
factory
Amount
925
Items
8
Dividend Policy
• Compensation payable to directors and supervisors
– 2%(2010)
• Employee Bonus
– 15%(2010)
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
2005 2006 2007 2008 2009 2010
2.73
4.13
4.88
3.56
2.75
4.06
0.99
1.94 1.98 2 2
2.5
0.59
0.97 0.99
0.50.2
0.2
Earning Per Share Cash Dividend Per Share Stock Dividend Per Share
2005 2006 2007 2008 2009 2010
Earning Per Share 2.73 4.13 4.88 3.56 2.75 4.06
Cash Dividend Per Share 0.99 1.94 1.98 2.00 2.00 2.50
Stock Dividend Per Share 0.59 0.97 0.99 0.50 0.20 0.20
9
WORLDWIDE FCP
MARKET UPDATE
10
19%
16%
8%
25%
8.46%
-4.94%
-14.39%
20.37%
7.20%
-20%
-10%
0%
10%
20%
30%
TXC Performance WW FCP Market
Worldwide FCP Market
11
Worldwide Revenue of the Top Crystal and Oscillator Suppliers (Unit: Millions of Dollars)
* Data Courtesy of CS & A
2008 2009 2010 2008 2009 2010 (07-08) (08-09) (09-10) 2008 2009 2010
Change Change Change Market Market Market
% % % Share Share Share
1 1 1 Epson Toyocom 675 641.2 793.1 2.90% -5.01% 23.69% 19.90% 22.1% 22.7%
2 2 2 NDK 571 459.1 547.4 -12.02% -19.60% 19.23% 16.90% 15.8% 15.7%
3 4 3 KDS 327 271.3 390.7 11.60% -17.03% 44.01% 9.70% 9.4% 11.2%
5 5 4 TXC 222 240.5 301.4 15.63% 8.33% 25.32% 6.60% 8.3% 8.6%
4 3 5 Kyocera Kinseki 304 292.4 296.7 -20.00% -3.82% 1.47% 9.00% 10.1% 8.5%
6 6 6 Vectron 200 147.9 205 -2.91% -26.05% 38.61% 5.90% 5.1% 5.9%
7 7 7 Hosonic 119 97.3 108.6 - -18.24% 11.61% 3.50% 3.4% 3.1%
8 8 8 Rakon 96 81.5 105.9 -11.93% -15.10% 29.94% 2.80% 2.8% 3.0%
- - 9 Taitien - - 75.1 - - - - - 2.2%
9 9 10 TEW 75 60.1 66.1 -14.77% -19.87% 9.98% 2.20% 2.1% 1.9%
10 11 11 Micro Crystal 56 47.5 57 -9.68% -15.18% 20.00% 1.70% 1.6% 1.6%
11 10 12 Pericom 53 47.6 56.2 -7.02% -10.19% 18.07% 1.60% 1.6% 1.6%
12 12 13 River 51 40.8 46.9 -15.00% -20.00% 14.95% 1.50% 1.4% 1.3%
13 13 14 Conner-Winfield 44 35.1 38.7 -4.35% -20.23% 10.26% 1.30% 1.2% 1.1%
14 14 15 Fox 40 34.4 37.8 -21.57% -14.00% 9.88% 1.20% 1.2% 1.1%
Total
Revenue3,388.00 2,900.30 3,491.00 -4.94% -14.39% 20.37%
Revenue RevenueRevenueRank RankCompany Name
Rank
Worldwide Ranking & Market Share
12
2011(F)Worldwide by Quantity
2011(F)Worldwide by Revenue
Worldwide FCP Splits
13
Epson Toyocom
25%
KDS15%
NDK14%
Other14%
TXC13%
KED6%
Hosonic4%
Micro Crystal
3%
River2%
TEW2% Taitien
2%
Epson Toyocom
33%
KDS12%Other
11%
TXC9%
NDK6%
KED6%
Hosonic6%
Taitien6%
Pericom5%
Vectron4%
Fox2%
NDK28%
KED20%
Epson Toyocom
18%
Rakon10%
TEW4%
Vectron4%
KDS3%
Conner-Winfield
3%
TXC2%
CTS1%
Other7%
Worldwide FCP Market Share by Products
Vectron37%
NDK13%
Epson Toyocom
8%KDS5%
Rakon4%
Bliley4%
CTS4%
MtronPTI3%
Conner-Winfield
3%
KED2%
Other17%
14
MARKET
HIGHLIGHTS
Automotive,1%
Consumer Electronics,
6%
Global/EMS,16%
Mobile, 25%
Networking,25%
Others, 10%
PC, 15%
Sapphire, 2%
15
2010 2011(F)
TXC Sales Revenue by Marketing Fields
Automotive,1%
Consumer Electronics,
8%
Global/EMS,15%
Mobile, 22%
Networking,23%
Others, 13%
PC, 18%
16
CXO, 2.75%KHz
X'tal, 3.42%
MHz X'tal, 66.98%
Others, 24.09%
TCXO, 2.60%VCXO, 0.16%
CXO, 11.42%
KHz X'tal, 7.16%
MHz X'tal, 59.34%
Others, 10.01%
TCXO, 9.10% VCXO, 2.97%
2011(F)Shipment by product category
2011(F)Revenue by product category
TXC 2011 Forecast by product category
17
• TXC continues to expand share rate in high-growth Tablet PC market
• Features of Tablet PC; WLAN, 3G/4G (LTE/ WiMAX), GPS built-in function
will bring high growth in high-end XO, TCXO, and smaller size X’tal products
Worldwide Tablet PC Total Available Market
Market Highlights
295%
49%49%
35%0%
50%
100%
150%
200%
250%
300%
350%
0
50,000
100,000
150,000
200,000
250,000
2010 2011(f) 2012(e) 2013(e) 2014(e)Tablet PC Shipment YoY
(Unit: Thousands set)
Source: Gartner
TXC25%
TXC 2011 Target Share rate
of Tablet PC
18
Source: IDC, March 2011 (Unit: Thousands set)
Worldwide Smartphone Total Available Market
Market Highlights
49%
29%
21%16%
13%
0%
10%
20%
30%
40%
50%
60%
0
200,000
400,000
600,000
800,000
1,000,000
2010 2011 2012 2013 2014 2015Smartphone Smartphone YoY
•TXC continues to expand share rate of Handset (Smartphone) market
•TXC remains 60% growth rate in Handset (Smartphone) market, which is
stronger than the market growth
•Features of Smartphone; 3G/4G (LTE / WiMAX), WLAN, GPS, DTV/Video, and
NFC, will bring high growth in TCXO, MHz X’tal and KHz X’tal products
TXC25%
TXC 2011 Target Share rate
of Smartphone
19
Market Highlights
• TXC continues to approach Tier 1 customers for design-in, expand high end
timing product businesses and build market reputation
• The growth of Telecom and Datacom application drives our sales growth on high-
ASP and high-profit XO, VCXO, S3-TCXO and OCXO.
20
NEW BUSINESS:
SAPPHIRE SUBSTRATE
TXC LED BU Vision and Mission
21
2011~2012 Product Roadmap
Sapphire Substrate
2011/Q2 : 2” Epi-ready Wafer
2011/Q3 : 4” Epi-ready Wafer
2012/Q2 : 2” PSS Wafer
2012/Q2 : 4” PSS Wafer
2012/Q3 : 6” Epi-ready Wafer
Sapphire Ingot
2011/Q2 : 2” Sapphire Ingot
2011/Q4 : 4” Sapphire Ingot
2011/Q4 : 6” Sapphire Ingot
22
23
High end timing products will ramp up along with raising
Cloud Computing and Infrastructure applications.
Revenue will grow gradually and stably.
China Market is still the major sales driving force.
Continue penetrating Handset (Smartphone) 3G/4G market.
Gross margin will be improved due to better product mix.
Business Highlights
New Business will bring new growth momentum.
Tablet PC will be an important growth driver in a few
years.
24
Q & A
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