Think of Frequency Think of · 2017. 11. 28. · 11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 55 (單位:新台幣百萬元) 毛利趨勢 Think of

1

Think of FrequencyThink of

法人說明會2014/5/8

www.txccorp.com

Think of Frequency, Think of TXC

議程財務報告

市場概況

產品發展

營運重點

Q&A

2Think of Frequency, Think of TXC

4

營收趨勢

(單位:新台幣百萬元)


11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1Revenue (QoQ) ‐13.6% 6.6% 0.7% 4.5% ‐8.1% 7.7% 15.3% 0.2% ‐21.9% 0.2% 4.9% ‐1.9% ‐9.8%Revenue (YoY) 9.9% 5.9% ‐0.6% ‐3.1% 3.1% 4.2% 19.2% 14.4% ‐2.8% ‐9.6% ‐17.8% ‐19.5% ‐6.9%

2,322 2,476 2,494

2,605 2,394

2,579

2,974 2,981

2,327 2,331 2,446 2,400

2,166

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1

2011:9,897

2012:10,928

2013:9,504

24.6%

24.7%

24.9%22.5%

21.8%

24.1%

22.9%

22.9%

22.4%

24.3%

22.8%

22.9%23.5%

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1

55

(單位:新台幣百萬元)毛利趨勢


576 609 630

586 522

621 682 683

522 566 557 549

509

0100200300400500600700800

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1Gross Profit (QoQ) ‐15.2% 5.7% 3.4% ‐7.0% ‐10.9% 19.0% 9.8% 0.1% ‐23.6% 8.4% ‐1.6% ‐1.4% ‐7.3%Gross Profit (YoY) 8.4% ‐3.2% ‐9.5% ‐13.7% ‐9.4% 2.0% 8.3% 16.6% 0.0% ‐8.9% ‐18.3% ‐19.6% ‐2.5%

2011:2,401

2012:2,508

2013:2,194

10.1% 10.0%

12.2%

10.0%

8.3%

10.1%12.2% 10.9%

9.0%9.4%

10.8%

10.1%

10.2%

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1

2012:1,149

66

淨利趨勢

(單位:新台幣百萬元)


237 248

305 260

199

261

363 326

209 220 264

242 222

050

100150200250300350400450

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1

11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1Net Profit (QoQ) ‐16.8% 4.6% 23.0% ‐14.8% ‐23.5% 31.2% 39.1% ‐10.2% ‐35.9% 5.3% 20.0% ‐8.3% ‐8.3%Net Profit (YoY) 11.3% ‐25.1% ‐15.4% ‐8.8% ‐16.0% 5.2% 19.0% 25.4% 5.0% ‐15.7% ‐27.3% ‐25.8% 6.2%

2011:1,050

2013:935

77

損益表重要指標


單位:新台幣仟元 2012

(T-IFRS) 2013

(T-IFRS)成長率

Q1 2013(T-IFRS)

Q1 2014(T-IFRS)

成長率

營業收入 10,928,495 9,503,583 -13.0% 2,326,980 2,165,532 -6.9%營業毛利 2,508,295 2,194,030 -12.5% 521,710 509,403 -2.4%營業淨利 1,258,412 951,154 -24.4% 219,869 214,156 -2.6%稅前淨利 1,303,377 1,061,765 -18.5% 238,872 253,048 5.9%稅後淨利 1,149,534 935,161 -18.6% 209,434 222,112 6.1%

毛利率 23.0% 23.1% - 22.4% 23.5% -營業利率 11.5% 10.0% - 9.4% 9.9% -淨利率 10.5% 9.8% - 9.0% 10.3% -

88

資產負債表重要指標


單位:新台幣仟元2013

(T-IFRS)Q1 2014(T-IFRS)

Q1 2013(T-IFRS)

流動資產 6,858,639 7,476,459 7,280,011固定資產 5,508,064 5,351,302 5,553,851總資產 12,983,530 13,457,291 13,575,502

流動負債 2,811,689 3,098,978 3,115,300長期負債 1,846,958 1,750,805 2,248,184總負債 4,658,647 4,849,782 5,363,484

股東權益 8,324,883 8,607,509 8,212,018

負債比率 35.9% 36.0% 39.5%流動比率 243.9% 241.3% 233.7%速動比率 185.1% 183.6% 177.7%

淨值 26.88 27.79 26.51

金額:1.2 億

SMD X’TAL (Q3)*10 KK

金額:1.8 億

SMD TSX (Q2)*3 KK (Q3)*2 KK

金額:3.0 億

SMD TSX / VCXO/ OCXO/ Sensors / RTC Sapphire BW & PSS

2014年資本資出

9

(單位:新台幣)


平鎮廠

寧波廠

重慶廠

總金額:6.0億

4.13

4.88

3.56

2.75

4.06

3.483.79

3.02

1.94 1.98 2 2

2.52.2 2.2 2.2

0.97 0.99

0.50.2 0.2

0 00

1

2

3

4

5

6

2006 2007 2008 2009 2010 2011 2012 2013

10

股利政策


(單位:新台幣元)

2006 2007 2008 2009 2010 2011 2012 2013

每股盈餘 4.13 4.88 3.56 2.75 4.06 3.48 3.79 3.02

現金股利 1.94 1.98 2 2 2.5 2.2 2.2 2.2

股票股利 0.97 0.99 0.5 0.2 0.2 0 0 0

3/31股價 60.6 54.6 32 52.1 55.9 43.55 44.85 40.7

殖利率 3.20% 3.63% 6.25% 3.84% 4.47% 5.05% 4.91% 5.41%

12

於2013年，台灣晶技面臨較大的價格競爭及應用變化但仍然維持優於同業之競爭力

2007 2008 2009 2010 2011 2012 2013 2014(f)

TXC 19.00% 16.00% 8.00% 25.16% 8.64% 15.30% -13.59%WW FCP Market 8.46% -4.94% -14.39% 20.37% 1.37% -1.39% -6.47% -0.83%Main Competitors 2.68% -4.52% -11.69% 21.83% -14.29% 0.08% -18.90%

-25%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

Think of Frequency, Think of TXCSource: CS&A 2014.04

13Source: CS&A 2014.04

2013年全球排名第3


Rank Company Name Area 2011 2012 2013(11-12)Change

%

(12-13)Change

%

2011MarketShare

2012MarketShare

2013MarketShare

1 Epson Toyocom Japan 592 610 500 3.0% -18.0% 16.7% 17.5% 15.3%

2 NDK Japan 557 540 433 -3.1% -19.8% 15.7% 15.5% 13.3%

3 TXC Taiwan 327 377 326 15.3% -13.5% 9.2% 10.8% 10.0%4 KED Japan 265 292 298 10.2% 2.1% 7.5% 8.4% 9.1%

5 KDS Japan 389 309 260 -20.6% -15.9% 11.0% 8.9% 8.0%

6 Ventron USA 196 166 170 -15.3% 2.4% 5.5% 4.8% 5.2%

7 SiWard Taiwan 90 97 96 7.8% -1.0% 2.5% 2.8% 2.9%

8 Rakon New Zealand 111 106 95 -4.5% -10.4% 3.1% 3.0% 2.9%

9 Hosonic Taiwan 101 92 94 -8.9% 2.2% 2.9% 2.6% 2.9%

10 River Japan 52 73 66 -5.8% -9.6% 1.5% 1.4% 2.0%

11 CTS USA 53 55 61 3.8% 10.9% 1.5% 1.6% 1.9%

12 Murata(TEW) Japan 59 57 59 -5.1% 3.5% 1.7% 1.6% 1.8%

13 Taitien Taiwan 79 59 57 -25.3% -3.4% 2.2% 1.7% 1.7%

14 Micro Crystal Switzerland 63 58 55 -7.9% -5.2% 1.8% 1.7% 1.7%

15 Pericom USA 52 54 52 3.8% -3.7% 1.5% 1.5% 1.6%

- Others - 553 570 642 - - 15.6% 16.3% 19.7%

TotalRevenue

3,539 3,489 3,264 -1.4% -6.4%

14

KHz Xtal36%

MHz Xtal52%

XO5%

TCXO6%

VCXO0.52%

OCXO0.02%

KHz Xtal19%

MHz Xtal35%XO

13%

TCXO21%

VCXO7.14%

OCXO5.17%

全球石英元件銷售現況


Source: CS&A 2014.04

Epson Toyocom,

20%

KDS, 12%

TXC, 7%KCD, 7%

Taitien, 6%SiWard, 6%

Pericom, 6%NDK, 5%

SiTime, 4%

CTS (Valpey Fisher), 4%

Other Companies,

24%

Epson Toyocom,

20%

NDK, 14%

TXC, 13%KDS, 10%KCD, 7%

Hosonic, 4%

SiWard, 4%River, 4%

Micro Crystal, 3%

Murata (TEW), 2%

Other Companies

, 20%

KCD, 21%

NDK, 18%

Rakon, 10%TXC, 8%Epson

Toyocom,

Murata (TEW), 4%

Vectron, 4%

Conner‐Winfield,

3%

KDS, 3%


Other Companies,

20%

15

Other Companies,

44%

Vectron, 42%NDK, 14%


TXC, 6%KDS, 6%

Rakon, 5%

Epson Toyocom, 5%

Bliley, 5%Conner‐

Winfield, 4%KCD, 3%


全球石英元件各產品市佔率現況


台灣晶技於高階石英元件市場逐漸成長

16

MHz Crystal/kHz Crystal

XO/MO

VCXO

TCXO

14.5%13.2%

3.4%

9.0%

2.4%

8.0%

7.3%

3.5%


12.9%

7.6%

7.0%

7.1%


3%7%

31%

18%

29%

9%3%

6%

11%

27%

15%

32%

6%3%

17

MobileCommunication

MobileComputing

Networking

Others

Infrastructure

AutomotiveSapphire

台灣晶技-產品別銷售比重預估


18

四大技術

IT與網絡服務

公共安全

公共建設

工業監測

醫療應用

消費電子與家庭

交通運輸

智能建築/家居

八大服務領域

市場焦點


19

基地台及微型基地台之解決方案

TCXOHigh stability ±100ppbStratum 3

OCXOUltra Stability ±3ppbStratum 3/3E Grade

VCXOUltra Low Jitter 50fsHigh Frequency 700MHz

XOUltra Low Jitter 50fsHigh Frequency 800MHz

Crystal Stability ±10ppmFund. Frequency 400MHz

32kHz RTCHigh Stability ±5ppmTemperature Compensated

Migrating to LTE…SDH/SONET


20

網通產品及數據中心之解決方案

Super Computer Center Data Center

Design Center Department

VCXOUltra Low Jitter 50fsHigh Frequency 700MHz

XO, SO (SAW based) Ultra Low Jitter 50fsHigh Frequency 800MHz

Crystal unitsHigh Stability ±10ppmHigh Frequency 400MHz


High speed processing… Gigabit Ethernet/Fiber Channel


21

無線及智慧家庭之解決方案

TCXOHigh stability ±0.5ppmMiniature 1.6x1.2x0.55mm

XO, MO (MEMS based) Low Jitter 1psSmallest 2.0x1.6x 0.75mm

TSXSmallest and Thinnest1.6x1.2x0.55mm


Crystal unitsSmallest and Thinnest 1.2x1.0x0.30mm

3-in-1 Light SensorsALS+PS+IR LED (Ceramic)Smallest 2.5x2.0x1.0mm

LTE

WiFi

BT/BLE

Zigbee

GNSSSensor

Smartphone, M2M connecting…


22

無線及智慧型穿戴式產品之解決方案







Wearable technology...BT/BLE, WiFi, GNSS

Sensor


23

智慧型醫療產品之解決方案







Healthcare monitoring...BT/BLE, WiFi, GNSS

Sensor


24

Safety ElectronicsSystem (Airbag, ABS, TPMS)

ADAS(Advanced Driver Assisted System)

Infotainment, (Telematics, GPS, AV)

汽車類產品之解決方案

Notes: G3:-40~85ºC / G2: -40~105ºC / G1: -40~125ºC / G0: -40~150ºC

XO (AEC Q100) Seam: G1

Crystal units(AEC Q200)Metal Can: G2Glass: G0Seam: G1

TCXO (AEC Q100)Seam: G2

Smart connected car….


藍寶石基板之應用

Traditional LED -2”~6” C-Plane SSP BW / PSSVertical Chip LED -4”~6” C-Plane DSP BW

SOS -6”~8” R-plane SSP BWGaAs Carrier –6” R-plane DSP BW

Lens Cover -0.2~0.3cm DSP Chips2” DSP BWCover Sapphire Glass -4”~6” Square DSP Substrate

Smart Watch Cover -1.6”~2.5” DSP BWFinger Print Cover -0.3”~3” DSP Substrate

TXC focus nowTXC focus now

單晶三氧化二鋁(藍寶石)

25

藍寶石基板應用趨勢

機會新應用之成長(行動裝置)LED(4吋PSS) 之成長

Mobile application booming by Apple iphone5

Mobile application booming by Apple iphone5

4”PSS demand for LED growth by Epistar4”PSS demand for LED growth by Epistar

4”PSS demand keep increase to Q34”PSS demand keep increase to Q3

2014 H1 (Taiwan)4”PSS demand & supply gap~20k/M2014 H1 (Taiwan)4”PSS demand & supply gap~20k/M

台灣晶技之策略發展重心為4吋的SSP/PSS之LED相關應用

26

28

石英元件之產品尺寸規劃藍圖


29

石英元件之產品效能規劃藍圖


30

石英震盪器之產品效能規劃藍圖


31TXC Confidential and Proprietary

智慧型手機平板手機平板電腦

數位相機(數位單眼相機)智慧家庭

智慧型穿戴式產品運動及健身醫療保健

感測元件通常應用於智慧型手機及其他各種智慧應用

新產品三合一光感測元件2.5x2.0mm

全球最小的三合一感測元件

32TXC Confidential and Proprietary

創新的微型化三合一光感測元件

ALS & PS sensors chip

IR LED

• 專利的堆疊式 3D 陶瓷封裝設計

• 結合環境光感及距離之感測元件

• 客製化且可調整功能之 IC

• 覆晶技術

• 已研發出自動生產及檢測設備

感測元件簡介

33

Hi-end

Mid-range

Low Cost

*3-in-12.5x.2.0mm

*3-in-14.5x0.9mm

*2-in-12.5x2.0mm

2014/Q3

2015/Q1

2013 2014 2015

*4-in-12.5 x2.0mm

*5-in-1:環境光感+距離+紅外線+三原色+手勢*4-in-1:環境光感+距離+紅外線+三原色*3-in-1:環境光感+距離+紅外線*2-in-1: +距離+紅外線

Available Now

*5-in-13.5 x2.0mm

2015/Q3

光感測元件之規劃藍圖


34

• 感測元件• 2-in-1: 距離+紅外線• 3-in-1: 環境光感+距離

+紅外線

現階段

NOW 2014

• 動作感測元件• 電子羅盤• 加速度感測元件

• 生物感測元件• 脈搏• 血氧• 指紋

• 光感測元件• 4-in-1:環境光感+距離+ • 紅外線+三原色光感• 5-in-1:環境光感+距離+

紅外線+三原+手勢

研究發展階段之感測元件

評估及研究發展階段


36

近期大事


2013.5 天下雜誌評選本公司為台灣1000大製造業之280名

2013.6 獲頒『CG6008進階版公司治理評量』認證證書

2013.7 獲頒第十屆『資訊揭露評鑑』A++最優等級之公司

2013.9 獲頒第三屆『幸福企業獎』之三星級企業

2014.3 前後獲得產品碳足跡、產品碳中和、溫室氣體盤查及能源管理政策等認證及獎項

01

02

03

04

05

37

營運總結


營收將逐季穩定成長;價格壓力趨於穩定

毛利率預估將維持略優於2013年以上的水準

汽車、網通及穿戴式相關之新產品將帶來新的營收動能

隨著雲端運算的發展，4G 應用將成為高階產品主要的成長動能

新產品將穩步切入市場，並帶來營收成長動力

01

02

03

04

05

38

Thank you


Documents

Think of Frequency Think of · 2017. 11. 28. · 11.Q1 11.Q2 11.Q3 11.Q4 12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 55 (單位:新台幣百萬元) 毛利趨勢 Think of