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2020/Q2 Operating Results
Holtek Semiconductor Inc.
Professional MCU IC Provider
2020/Q2 Operating Results
2020/07/27
1
2020/Q2 Operating Results
Yearly Operating ResultsNT$ Million
4,158
4,6154,584
2,453
4,863
384
9151,064
784926
48.5%46.8%
45.6%
49.2% 49.2%
0
1,000
2,000
3,000
4,000
5,000
6,000
2016 2017 2018 2019 2020/H1
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
Sales Income after tax and minority interest Gross Margin%
2
2020/Q2 Operating Results
Operation & Financial Structure
2016 2017 2018 2019 2020/H1
226,168 226,168 226,168 226,168 226,168
3.47 4.10 4.70 4.05 1.70
3.50 4.10 4.70 *4.05 N/A
- - - - N/A
20% 23% 26% 22% 10%
17.53 18.00 18.57 17.92 15.41
11.82 11.88 12.33 10.98 12.89
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
* Cash dividends of NT$4.05 per share were deducted and will be paid on August 28, 2020.
2020/Q2 Operating Results
Quarterly Results
1,086 1,155 1,125 1,249 1,086
1,330 1,259
1,188 1,038 1,205
1,121 1,221
1,031
1,422
185 228 237 276226
312262 263
203255 222 235
146238
45.8%45.4% 48.1% 47.9%
48.9%
49.7%49.4%
48.8% 48.5%49.3%
50.7%
48.1%
46.2%45.2%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
0
200
400
600
800
1,000
1,200
1,400
Sales Income after tax and minority interest Gross Margin%
4
NT$ million
2020/Q2 Operating Results
Holtek Semiconductor Inc.Consolidated Income Statements-2020/H1
NT$ K
2020/H1 2019/H1 YOY
Amount % Amount % %
Sales 2,452,808 100.0 2,242,788 100.0 9.4
Cost of Sales 1,313,391 53.5 1,139,420 50.8 15.3
Gross Profit 1,139,417 46.5 1,103,368 49.2 3.3
Unrealized Gross Profit 21,088 0.9 5,555 0.2 -
Realized Gross Profit 1,118,329 45.6 1,097,813 48.9 1.9
Operating Expenses 671,607 27.4 626,382 27.9 7.2
Operating Income 446,722 18.2 471,431 21.0 (5.2)
Non-Operating Income (Net) 25,950 1.1 61,738 2.8 (58.0)
Income Before Tax 472,672 19.3 533,169 23.8 (11.3)
Tax/ Minority Interest 88,468 3.6 74,923 3.3 18.1
Net Income 384,204 15.7 458,246 20.4 (16.2)
EPS 1.70 2.03
5
2020/Q2 Operating Results
Holtek Semiconductor Inc.Consolidated Income Statements-2020/Q2
NT$ K
2020/Q2 2019/Q2 2020/Q1 YOY QOQ
Amount % Amount % Amount % % %
Sales 1,421,659 100.0 1,204,932 100.0 1,031,149 100.0 18.0 37.9
Cost of Sales 766,265 53.9 610,778 50.7 547,126 53.1 25.5 40.1
Gross Profit 655,394 46.1 594,154 49.3 484,023 46.9 10.3 35.4
Unrealized Gross Profit 12,990 0.9 159 - 8,098 0.8 - -
Realized Gross Profit 642,404 45.2 593,995 49.3 475,925 46.2 8.1 35.0
Operating Expenses 362,986 25.5 316,179 26.2 308,621 29.9 14.8 17.6
Operating Income 279,418 19.7 277,816 23.1 167,304 16.2 0.6 67.0
Non-Operating Income (Net) 16,957 1.2 19,803 1.6 8,993 0.9 - -
Income Before Tax 296,375 20.8 297,619 24.7 176,297 17.1 (0.4) 68.1
Tax/Minority Interest 57,975 4.1 42,745 3.5 30,493 3.0 35.6 90.1
Net Income 238,400 16.8 254,874 21.2 145,804 14.1 (6.5) 63.5
EPS 1.06 1.13 0.64
6
2020/Q2 Operating Results
Holtek Semiconductor Inc.Consolidated Balance Sheets NT$ K
2020.06.30 2019.06.30 2019.12.31
Assets Amount % Amount % Amount %
Current Assets：
Cash and Cash Equivalents 1,196,082 20 1,852,044 30 1,005,996 19
Bond Funds 554,141 9 537,390 9 491,203 9
Notes and Accounts Receivable 95,914 2 114,536 2 97,688 2
Receivables from Related Companies 870,603 15 684,970 11 692,373 13
Inventories 656,572 11 712,438 12 682,609 13
Other Financial Assets - Current 1,164,570 20 863,748 14 986,846 18
Other Current Assets - Others 26,218 - 24,192 - 27,575 -
4,564,100 77 4,789,318 78 3,984,290 74
Non-Current Assets：
Financial Assets at Fair Value through Profit or
Loss294,146 5 279,124 4 302,305 6
Investment by Equity Method 457,240 7 435,242 7 467,690 9
Properties 342,272 6 385,890 6 358,515 7
Right-of-use Assets 84,294 1 99,327 2 92,073 2
Deferred Income Tax Assets 93,991 2 69,706 1 87,196 1
Other Non-current Assets 92,686 2 99,222 2 81,599 1
1,364,629 23 1,368,511 22 1,389,378 26
Total Assets 5,928,729 100 6,157,829 100 5,373,668 100
7
2020/Q2 Operating Results
Holtek Semiconductor Inc.Consolidated Balance Sheets
NT$ K
2020.06.30 2019.06.30 2019.12.31
Amount % Amount % Amount %
Liabilities
Current Liabilities：
Notes Payable 159,708 3 128,054 2 111,050 2
Accounts Payable 453,568 8 505,130 8 371,558 7
Accrued Salaries 301,484 5 271,444 5 268,730 5
Cash Dividends Payable 921,729 16 1,069,494 18 - -
Current Income Tax
Payable84,480 1 83,659 1 67,271 1
Other Current Liabilities 145,082 2 122,118 2 113,959 2
2,066,051 35 2,179,899 36 932,568 17
Non-current Liabilities：
Deferred Income Tax
Liabilities199,819 4 169,200 3 199,819 4
Lease Liabilities 66,280 1 81,619 1 73,586 1
Net Defined Benefit
Liability78,599 1 75,579 1 79,730 2
Deposits Received 2,025 - 8,709 - 8,542 -
346,723 6 335,107 5 361,677 7
Total Liabilities 2,412,774 41 2,515,006 41 1,294,245 24
8
2020/Q2 Operating Results
Holtek Semiconductor Inc.Consolidated Balance Sheets NT$ K
2020.06.30 2019.06.30 2019.12.31
Equity Amount % Amount % Amount %
Equity Attributed to Parent Company：
Ordinary Share Capital 2,261,682 38 2,261,682 37 2,261,682 42
Capital Surplus 142,309 2 142,309 2 142,309 3
Retained Earnings 1,148,559 19 1,227,820 20 1,680,336 31
Other Equity (67,051) (1) (13,062) - (31,662) -
Total Equity Attributed to
Parent Company3,485,499 58 3,618,749 59 4,052,665 76
Non-controlling Interests 30,456 1 24,074 - 26,758 -
Total Equity 3,515,955 59 3,642,823 59 4,079,423 76
Total Liabilities and Equity 5,928,729 100 6,157,829 100 5,373,668 100
9
2020/Q2 Operating Results
Holtek Worldwide Sales-20H1 YOY
1,90978%
(+ 13%)
29012%
(-16%)
25410%
(+24%)International
China/ HK
Taiwan
2020/1~6(H1)
2020/H1 total sales: NT$ 2,453 million (YOY + 9.4%)
10
Unit: NT$ million, %
1,69276%
34615%
2059%
International
China/ HK
Taiwan
2019/1~6(H1)
2019/H1 total sales: NT$ 2,243 million
盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2020/Q2 Operating Results
Unit: NT$ million, %
1,15181%
(+ 25%)
144
10%(-19%)
1279%
(+18%)
Taiwan
International
China/ HK
2020/Q2 total sales: NT$ 1,422 million (YOY +18.0%)
Holtek Worldwide Sales-20Q2 YOY2020/Q2
11
92176%
17715%
1079%
Taiwan
International
China/ HK
2019/Q2 total sales: NT$ 1,205 million
2019/Q2
盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2020/Q2 Operating Results
Unit: NT$ million, %
Holtek Worldwide Sales-20Q2 QOQ
12
75774%
14614%
12812%
Taiwan
International
China/ HK
2020/Q1 total sales: NT$ 1,031million
2020/Q1
1,15181%
(+ 52%)
144
10%(-2%)
1279%
(-1%)
Taiwan
International
China/ HK
2020/Q2 total sales: NT$ 1,422 million (QOQ +37.9%)
2020/Q2
2020/Q2 Operating Results
Total MCU IC Sales NT$ million
782 839 824
954
803
1,017965
927
785
920 853
953
787
1,111
72% 73% 73%
76% 74%76% 76% 78% 76% 76% 76%
78%76% 78%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
200
400
600
800
1,000
1,200
17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2
Total MCU IC Percentage
2017 MCU sales: NT$3,399million (74% of total sales) (YOY +15%)
2018 MCU sales: NT$3,712million (76% of total sales) (YOY +9%)
2019 MCU sales: NT$3,510million (76% of total sales) (YOY -5%)
2020/H1 MCU sales: NT$1,898million (77% of total sales) (YOY +11.4%)
13
20Q2：YOY +20.7%；QOQ +41.0%
2020/Q2 Operating Results
Total MCU IC ShipmentsUnit: K pcs
140,666
158,562 149,857
176,039
143,758
185,039 175,478 168,569
147,295 166,155
156,212
183,161
152,569
216,768
0
40,000
80,000
120,000
160,000
200,000
240,000
17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2
2017 MCU shipments: 625KKpcs (YOY +21%)
2018 MCU shipments: 673KKpcs (YOY +8%)
2019 MCU shipments: 653KKpcs (YOY -3%)
2020/H1 MCU shipments: 369KKpcs (YOY +18%)
20Q2：YOY +30%；QOQ +42%
14
2020/Q2 Operating Results
Flash MCU Shipments
80,475
93,403 93,032
112,758
92,320
127,579
123,424 125,408
105,564
123,579 118,125
125,408
118,518
175,980
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
Unit: K pcs
2017 Flash MCU shipments: 380KK (61%) (YOY +55%)
2018 Flash MCU shipments: 469KK (70%) (YOY +23%)
2019 Flash MCU shipments: 487KK (75%) (YOY +4%)
2020/H1 Flash MCU shipments: 294KK (80%) (YOY +29%)
15
20Q2：YOY +42%；QOQ +48%
2020/Q2 Operating Results
Unit: K pcs
Touch MCU Shipments
27,791
31,742
26,899
37,903
28,565
32,870 36,552
36,782
31,033
38,195
32,583
48,534
28,807
54,647
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
2017 Touch MCU shipments: 124KK (20%) (YOY +38%)
2018 Touch MCU shipments: 135KK (20%) (YOY +8%)
2019 Touch MCU shipments: 150KK (23%) (YOY +12%)
2020/H1 Touch MCU shipments: 83KK (23%) (YOY +21%)
16
20Q2：YOY +43%；QOQ +90%
2020/Q2 Operating Results
Unit: K pcs
32-bit MCU Shipments6,450
1,267
5,719
3,597
4,602
2,9312,841
5,9496,116
2,930
1,218
5,9896,325 6,208
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1 20Q2
2017 32-bit MCU shipments: 11,531K (2%) (YOY +307%)
2018 32-bit MCU shipments: 16,323K (2%) (YOY +42%)
2019 32-bit MCU shipments: 21,630K (3%) (YOY +33%)
2020/H1 32-bit MCU shipments: 12,658K (3%) (YOY +36%)
17
20Q2：YOY +9%；QOQ -4%
2020/Q2 Operating Results
Standalone Detectors
Safety Care Market
2018 shipments: 15KK pcs
2019 shipments: 17KK pcs (YoY +16%)
2020/H1 shipments: 9KK pcs (YoY +7%)
NB-IoT Smoke Detector Solution is ready
18
2020/Q2 Operating Results
Networked Fire Alarm Systems
19
2020/Q2 Operating Results
Networked Emergency Lighting Systems
20
2020/Q2 Operating Results
2018 Safety Care shipments: 15KK pcs (YOY +33%)
2019 Safety Care shipments: 17KK pcs (YOY +16%)
2020/H1 Safety Care shipments: 9KK pcs (YOY +7%)
21
Safety Care Application Shipments Unit: K pcs
2020/Q2 Operating Results
Healthcare Market2018 shipments: 34KK pcs; 2019 shipments: 40KK (YoY +19%)
2020/H1 shipments: 41KK (YoY +116%)
HCT technology of Blood Glucose is under development
22
2020/Q2 Operating Results
Healthcare Application Shipments
2018 Healthcare shipments: 34KK pcs (YOY +9%)
2019 Healthcare shipments: 40KK pcs (YOY +19%)
2020/H1 Healthcare shipments: 41KK pcs (YOY +116%)
23
Unit: K pcs
2020/Q2 Operating Results
Global Brushless DC Motors
Market 2016-2021
Sources: Technavio、IEK
24
BLDC - USD1 billion BLDC - Growth Rate (%)
2020/Q2 Operating Results
Electric ToolsGarden Tools
Massage Guns Air Purifiers Electric Fans Vacuum Cleaners
BLDC Application Products
25
2020/Q2 Operating Results
Motor Control Application Shipments Unit: K pcs
2018 Motor Control shipments: 6,596K pcs (YOY -1%)
2019 Motor Control shipments: 8,592K pcs (YOY +30%)
2020/H1 Motor Control shipments: 5,894K pcs (YOY +87%)
26
2020/Q2 Operating Results
Big DataInternet of Things
27
2020/Q2 Operating Results
BLDC
1%
Display Driver
9%Health Care
10%
Home Appliance
32%
Industrial
Control11%
Others
17%
PC Peripheral
5%
Power
Management8%
RF
1%
Security
6%
28
BLDC
1%
Display Driver
9%
Health Care
15%
Home Appliance
30%
Industrial
Control10%
Others
17%
PC Peripheral
5%
Power
Management8%
RF
1%
Security
4% 20H1 total sales: NT$ 2,453million(YOY +9.4%)
Holtek Applications-20H1
19H1 total sales: NT$ 2,243million
2019/1~6(H1)
2020/1~6(H1)
2020/Q2 Operating Results 29
BLDC
1%
Display Driver
9%
Health Care
17%
Home Appliance
31%
Industrial
Control9%
Others
17%
PC Peripheral
4%
Power
Management7%
RF
1%
Security
4% 2020/Q2 total sales: NT$ 1,422million(QOQ +37.9%)
Holtek Applications-20Q2 QOQ
BLDC
2%
Display Driver
9%
Health Care
13%
Home Appliance
30%
Industrial
Control10%
Others
17%
PC Peripheral
6%
Power
Management8%
RF
1%
Security
4%
2020/Q1 total sales: NT$ 1,031million
2020/Q1
2020/Q2
2020/Q2 Operating Results
Holtek is a sincere and trustworthy partner that
you can rely upon for your long term
investment.
HOLTEK SEMICONDUCTOR INC.
30
