Holtek Semiconductor Inc. · 2019-10-28 · 2019/Q3 Operating Results Holtek Semiconductor Inc. Professional MCU IC Provider 2019/Q3 Operating Results 2019/10/28 1

2019/Q3 Operating Results

Holtek Semiconductor Inc.

Professional MCU IC Provider


2019/10/28

1


Yearly Operating ResultsNT$ Million

3,931 3,9684,158

4,8634,615

3,363

680807792 784

9261,064

46.8%48.5%

49.2% 49.5%49.1%47.9%

0

1,000

2,000

3,000

4,000

5,000

6,000

2014 2015 2016 2017 2018 2019/1~9

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

Sales Income after tax and minority interest Gross Margin%

2


Operation & Financial Structure

2014 2015 2016 2017 2018 2019/1~9

226,168 226,168 226,168 226,168 226,168 226,168

3.50 3.57 3.47 4.10 4.70 3.01

3.50 3.57 3.50 4.10 4.70 N/A

- - - - - N/A

20% 20% 20% 23% 26% 17%

17.86 17.81 17.53 18.00 18.57 16.93

11.64 11.20 11.82 11.88 12.33 10.36

Items＼Year

No. of shares (K)

EPS (NT$)

EPS (NT$)

Cash per share (NT$)

Cash (NT$)Dividends per

share (NT$)Stock (NT$)

Return on equity (%)

Net worth per share (NT$)

3


Quarterly Results

908

1,094 1,071

1,085 1,086 1,155

1,125

1,249

1,086

1,330 1,259

1,188

1,038

1,205

1,121

168 202 207 207 185228 237

276226

312262 263

203255 222

48.6% 49.1% 48.6%

47.7%45.8%

45.4%

48.1% 47.9% 48.9% 49.7%49.4%

48.8% 48.5% 49.3%50.7%

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

0

200

400

600

800

1,000

1,200

1,400

Sales Income after tax and minority interest Gross Margin%

4

NT$ million


Holtek Semiconductor Inc.Consolidated Income Statements-2019/Q3

NT$ K

2019/Q3 2018/Q3 2019/Q2 YOY QOQ

Amount % Amount % Amount % % %

Sales 1,120,656 100.0 1,258,959 100.0 1,204,932 100.0 (11.0) (7.0)

Cost of Sales 569,317 50.8 637,590 50.6 610,778 50.7 (10.7) (6.8)

Gross Profit 551,339 49.2 621,369 49.4 594,154 49.3 (11.3) (7.2)

Unrealized Gross Profit (16,909) - (249) - 159 - - -

Realized Gross Profit 568,248 50.7 621,618 49.4 593,995 49.3 (8.6) (4.3)

Operating Expenses 319,700 28.5 328,668 26.1 316,179 26.2 (2.7) 1.1

Operating Income 248,548 22.2 292,950 23.3 277,816 23.1 (15.2) (10.5)

Non-Operating Income (Net)3,200

0.3 11,304 0.9 19,803 1.6 - -

Income Before Tax 251,748 22.5 304,254 24.2 297,619 24.7 (17.3) (15.4)

Tax/Minority Interest 29,876 (2.7) 41,907 (3.4) 42,745 (3.5) (28.7) (30.1)

Net Income 221,872 19.8 262,347 20.8 254,874 21.2 (15.4) (12.9)

EPS 0.98 1.16 1.13

5


Holtek Semiconductor Inc.Consolidated Income Statements-2019/1~9

NT$ K

2019/1~9 2018/1~9 YOY

Amount % Amount % %

Sales 3,363,444 100.0 3,674,533 100.0 (8.5)

Cost of Sales 1,708,737 50.8 1,847,975 50.3 (7.5)

Gross Profit 1,654,707 49.2 1,826,558 49.7 (9.4)

Unrealized Gross Profit (11,354) 0.3 12,588 (0.3) -

Realized Gross Profit 1,666,061 49.5 1,813,970 49.4 (8.2)

Operating Expenses 946,082 28.1 967,088 26.3 (2.2)

Operating Income 719,979 21.4 846,882 23.0 (15.0)

Non-Operating Income (Net) 64,938 1.9 82,924 2.3 -

Income Before Tax 784,917 23.3 929,806 25.3 (15.6)

Tax/ Minority Interest 104,799 (3.1) 129,221 (3.5) (18.9)

Net Income 680,118 20.2 800,585 21.8 (15.0)

EPS 3.01 3.54

6


NT$ K2018.09.30 2017.09.30 2017.12.31

Assets Amount % Amount % Amount %

Current Assets：

Cash and Cash Equivalents 1,148,163 22 1,291,740 25 1,517,632 27

Bond Funds 543,022 10 532,170 10 486,555 9

Notes and Accounts Receivable 101,992 2 123,632 2 97,604 2

Receivables from Related Companies 620,435 12 752,498 14 749,789 13

Inventories 746,096 14 689,560 13 654,866 12

Other Financial Assets - Current 652,625 12 624,629 12 784,175 14

Other Current Assets 37,437 1 32,662 1 31,490 1

3,849,770 73 4,046,891 77 4,322,111 78

Non-Current Assets：

Financial Assets at Fair Value through Profit or

Loss298,354 6 321,041 6 265,161 5

Investment by Cost Method 450,142 9 421,851 8 449,015 8

Investment by Equity Method 369,584 7 395,707 7 398,515 7

Properties 94,453 2 - - - -

Income Tax Assets 74,732 1 48,826 1 69,706 1

Other Non-current Assets 86,201 2 46,297 1 50,992 1

1,373,466 27 1,233,722 23 1,233,389 22

Total Assets 5,223,236 100 5,280,613 100 5,555,500 100

Holtek Semiconductor Inc.Consolidated Balance Sheets

7


Holtek Semiconductor Inc.Consolidated Balance Sheets

NT$ K

2018.09.30 2017.09.30 2017.12.31

Amount % Amount % Amount %

Liabilities

Current Liabilities：

Notes payable 181,412 3 147,940 3 125,021 2

Accounts Payable 495,995 10 516,422 10 489,388 9

Accrued Salaries 225,586 4 249,621 5 281,788 5

Current Income Tax

Payable46,974 1 85,302 2 97,904 2

Other Current Liabilities 92,283 2 82,121 1 85,382 2

1,042,250 20 1,081,406 21 1,079,483 20

Non-current Liabilities：

Income Tax Liabilities 166,610 3 109,312 2 166,610 3

Lease Liabilities 77,165 2 - - - -

Net defined benefit liability 75,069 1 71,709 1 76,602 1

Deposits Received 8,542 - 8,705 - 8,706 -

327,386 6 189,726 3 251,918 4

Total Liabilities 1,369,636 26 1,271,132 24 1,331,401 24

8


Holtek Semiconductor Inc.Consolidated Balance Sheets NT$ K

2018.09.30 2017.09.30 2017.12.31

Stockholders' Equity Amount % Amount % Amount %

Shareholders' Equity Attributed to Parent Company：

Common Stock 2,261,682 43 2,261,682 43 2,261,682 41

Capital Surplus 142,309 3 142,309 3 142,309 3

Reserve 1,449,692 28 1,572,299 30 1,832,565 33

Other Adjustments (24,295) - 9,841 - (37,386) (1)

Total Shareholders' Equity Attributed to

Parent Company3,829,388 74 3,986,131 76 4,199,170 76

Minority Interest 24,212 - 23,350 - 24,929 -

Total Shareholders' Equity 3,853,600 74 4,009,481 76 4,224,099 76

Total Liabilities & Shareholders' Equity 5,223,236 100 5,280,613 100 5,555,500 100

9


Holtek Worldwide Sales-2018/1~9 YOY

Unit: NT$ million, %

10

2,52975%

(- 10%)

51415%

(+ 3%)

32010%

(- 13%)International

China/ HK

Taiwan

2019/1~9

2019/1~9 total sales: NT$ 3,363 million (YOY – 8.5%)

2,80676%

50014%

36910%

International

China/ HK

Taiwan

2018/1~9

2018/1~9 total sales: NT$ 3,675 million

盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2019/Q3 Operating Results


Holtek Worldwide Sales-3Q19 YOY

2019/Q3 total sales: NT$ 1,121million (YOY – 11.0%)

2019/Q3

11

83775%

(- 14%)

16815%

(- 7%)

11610%

(+ 8%)

Taiwan

International

China/ HK

2018/Q3 total sales: NT$ 1,259million

2018/Q3

97077%

18214%

1079%

Taiwan

International

China/ HK

盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2019/Q3 Operating Results


Holtek Worldwide Sales-3Q18 QOQ

12

2019/Q3 total sales: NT$ 1,121million (QOQ – 7.0%)

2019/Q3

83775%

(- 9%)

16815%

(- 5%)

11610%

(+ 8%)

Taiwan

International

China/ HK

92176%

17715%

1079%

Taiwan

International

China/ HK

2019/Q2 total sales: NT$ 1,205million

2019/Q2


Total MCU IC Sales NT$ million

635772 765 793

782

839 824

954

803

1,017965

927

785

919853

70% 70% 71%

73% 72% 73%73%

76% 74% 76% 76%78%

76% 76% 76%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800

1,000

16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3

Total MCU IC Percentage

2016 MCU sales: NT$2,966million (71% of total sales) (YOY +6%)



2019/1~9 MCU sales: NT$2,558million (76% of total sales) (YOY -8%)

13

19Q3：YOY -12%；QOQ -7%


Total MCU IC ShipmentsUnit: K pcs

104,417

132,798 137,646 141,238 140,666

158,562 149,857

176,039

143,758

185,039 175,478 168,569

147,295

166,155 156,212

0

40,000

80,000

120,000

160,000

200,000

240,000

16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 16Q3

2016 MCU shipments: 516KKpcs (YOY +11%)



2019/1~9 MCU shipments: 470KKpcs (YOY -7%)

19Q3：YOY -11%；QOQ -6%

14


Flash MCU Shipments

42,953

59,236 64,957

77,669 80,475

93,403 93,032

112,758

92,320

127,579 123,424

125,408

105,628

123,615 118,135

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Unit: K pcs

2016 Flash MCU shipments: 245KK (47%) (YOY +57%)



2019/1~9 Flash MCU shipments: 347KK (74%) (YOY +1.2%)

15

19Q3：YOY -4%；QOQ -4%


Unit: K pcs

Touch MCU Shipments

15,518

23,237 22,642

28,272 27,791

31,742

26,899

37,903

28,565

32,870

36,552 36,701

31,033

38,195

32,583

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2016 Touch MCU shipments: 90KK (17%) (YOY +34%)



2019/1~9 Touch MCU shipments: 102KK (22%) (YOY +4%)

16

19Q3：YOY -11%；QOQ -15%


Unit: K pcs

32-bit MCU Shipments

3,596

273

2,841

5,9496,116

2,930

1,2181,2671,1291,093

337

2,931

4,602

5,7195,989

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

16Q1

16Q2

16Q3

16Q4

17Q1

17Q2

17Q3

17Q4

18Q1

18Q2

18Q3

18Q4

19Q1

19Q2

19Q3

2016 32-bit MCU shipments: 2,832K (YOY +345%)

2017 32-bit MCU shipments: 11,531K (2%) (YOY +307%)

2018 32-bit MCU shipments: 16,323K (2%) (YOY +42%)

2019/1~9 32-bit MCU shipments: 15,305K (3%) (YOY +31%)

17

19Q3：YOY +104%；QOQ +5%


Holtek Applications-2019/1~9

18

E-Banking

1%Health Care

13%

Home Appliance

41%(-2%)

Industrial

Control15%

Others

14%

PC Peripheral

6%

Security

8%

Toy &

Educational2%

E-Banking

2%Health Care

11%

Home Appliance

38%

Industrial

Control19%

Others

15%

PC Peripheral

7%

Security

6%

Toy &

Educational2%

2018/1~9

2019/1~9


Holtek Applications-19Q3 QOQ

19

E-Banking

1% Health Care

13%

Home Appliance

42%

Industrial

Control15%

Others

14%

PC Peripheral

5%

Security

8%

Toy &

Educational2%

2019/Q2

E-Banking

2% Health Care

14%

Home Appliance

37%(-19%)

Industrial

Control16%

Others

14%

PC Peripheral

7%

Security

8%

Toy &

Educational2%

2019/Q3


Standalone Detectors

Safety Care Market

2018 shipments: 14KK pcs;

NB-IoT Smoke Detector Solution is ready

2019/1~9 shipments is 13KK (YoY +27%)

20


Healthcare Market2018 shipments: 34KK pcs; 2019/1~9 shipments 30KK (YoY +17%)

HCT technology of Blood Glucose is under development

21


Big DataInternet of Things

22


HOLTEK 2019

NEW PRODUCTS

23


Holtek is a sincere and trustworthy partner that

you can rely upon for your long term

investment.

HOLTEK SEMICONDUCTOR INC.

24

Documents

Holtek Semiconductor Inc. · 2019-10-28 · 2019/Q3 Operating Results Holtek Semiconductor Inc. Professional MCU IC Provider 2019/Q3 Operating Results 2019/10/28 1