analyst meeting - mops.twse.com.tw
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朋程科技股份有限公司朋程科技股份有限公司
Actron Technology Corporation Actron Technology Corporation (8255 (8255 TT)TT)
說明會簡報說明會簡報
Analyst MeetingAnalyst Meeting
Founded Nov. 17, 1998
Company Type Public (TWSE: 8255)
HQ Taoyuan, Taiwan
Capital USD 30.28 millions
Business Design & Manufacturing of Automotive Electronic Components
Chairman & CEO Michael (M.K.) Lu
Vice Chairman Tom Yao
President George Wu
Factory Size 48,056 M2
Employee Count TW HQ : 726 (Indirect 215, Direct 511), till 2018/12
CN Qingdao : 98 (Indirect 24, Direct 74), till 2018/12
Main Products Pressfit Diodes; Regulator IC, ABS/EBS Core, Coils, Solenoid Valves;
MOSFET Modules/Discrete, EV/HEV IGBT/SiC Module.
Company SnapshotCompany Snapshot
ATC 2nd Plant CompletionGross Floor Area: 18,762 ㎡
ATC 1st Plant CompletionGross Floor Area: 18,811.74 ㎡
ATC 3ATC 3rdrd PlantPlant::
IGBT / IGBT / SiCSiC ModuleModule
ManufacturingManufacturing
2019Q2
2021Q1
Start
2007
2013
ATC 2nd Plant Power Module 200k/Y
ATC 1st Plant: Diode & Regulator
ATC 3rd Plant Gross Floor Area: 26,000 ㎡
Complete
ACTRON New Building in TWACTRON New Building in TW
Taoyuan, Taiwan Automotive
Electronic Power Device
Taoyuan, Taiwan
Stamping parts
Taoyuan, Taiwan
Automotive Camera Module
100%
49%
QingDao, China
Automotive EBS, ABS, Valve
Hsinchu, Taiwan
Devices & IC FoundryMOSEL VITELIC INC. 18%
100%
Actron Technology Corporation
Actron Technology QingDaoCorporation
DW Technology Corporation
REC TechnologyCorporation
98
47
762
Employee
33
620
Bigbest CorporationTaichung, Taiwan
BLDC & PMSM Motor
30% 90
ACTRON GroupACTRON Group
Difficult to penetrate supply ChainDifficult to penetrate supply Chain
GMGM
Toyota Toyota
VW VW
FordFord
RenaultRenault--NISSANNISSAN
Daimler Daimler
BMW BMW
DensoDenso
Bosch Bosch
VisteonVisteon
ValeoValeo
RemyRemy
OE SupplierOE Supplier
(New Car):(New Car):
ActronActron
Key ComponentsKey Components
need to be need to be
qualified byqualified by
Tier 1 and Tier 1 and
AutomotiveAutomotive
Automotive Tier 1 Supplier Tier 2 Supplier
Features:
1. There are over 8,000~15,000 components, for better management, only 2~3 suppliers are selected for each components
2. Difficult to acquire accreditation by Int’l Automaker, tight relationship between upper and lower stream.
3. The automotive market is a closed & concentrated market
70%
outsource
Global AutoUSD10 ~ 40
Billion Revenue
QuotationQuotation SampleSampleInitialInitialVisitVisit
QualificationQualificationAutomotiveAutomotive
ApproveApproveOrdersOrders Shipment
Tier 1Tier 1SourcingSourcingSupplierSupplier
OE background
preferred
Qualification :
Factory
Sample
Duration :
2~ 5 Years
Key Components need to be qualified by Automotive
At least 3 years of huge & stable volume. Stable ASP with 1~2% drop per year.
Global logistics and ability to fulfill JIT
Long & Tedious OE Accreditation Process
Actron Product
High efficiency, Carbon reduction, Green...
Press-fit Diodes
TVS
Regulator / Brush Holder Coil & Core,
Solenoid Valve
IC & Bare Die MOS & IGBT
Modules
9
Global Presence by Revenue
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● TW HQTW HQ
QD FactoryQD FactoryJapanJapan
3%3%
KoreaKorea
17%17%
ChinaChina
37%37%
IndiaIndia
6%6%
EuropeEurope
20%20%
AmericaAmerica
15%15%★
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87878383
65657171
75757979 8181 8484
8888 8989 9090 9191 9292
全球年度乘用車銷售預測全球年度乘用車銷售預測
Ref.: BNEF & BCG
百萬輛 (車)
Global Automobile Sales by vehicle type
Cars, 70.9M, 78.4%
Light commercial Vehicles,
15.6M, 17.3%
Heavy commercial Vehicles,
3.5M, 3.9%
Heavy Buses,
0.36M, 0.4%
13
CO2 emissions reduction
Market context – Regulatory impact analysis
• A demanding
emission regulation
• Car makers` priority
• End user benefit
14
Clean Energy Vehicle Trend-2020
29%
37%
3%4%
2%
12%
13%
Internal Combustion Engine.
Stop Start System.
Mild Hybrid.
Full Hybrid.
PHEV.
EREV.
EV.
Stop-Start, HEV and EV Vehicle Share
is increasing especially after 2020
Information Source: Valeo
Application: ISG, Converter & Inverter
Electronic Component: Mosfet, IGBT & HV Diode.
Application: Alternator, HE Alternator
Electronic Component: Diode/Low loss Diode
/Mosfet/Regulator
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MOSMOSICICMLCCMLCC
((發電機效率發電機效率 70%)70%)((發電機效率發電機效率 75%)75%)
ATC Automotive Rectifier EvolutionATC Automotive Rectifier Evolution
朋程致力於降低功率半導體之損耗,提高車電系統之發電效率朋程致力於降低功率半導體之損耗,提高車電系統之發電效率
((發電機效率發電機效率 80%)80%)
17
※※ EU required to reduce vehicle COEU required to reduce vehicle CO22 emission from 135 to 95 (mg/km) in year 2020 emission from 135 to 95 (mg/km) in year 2020
※※ Alternator withAlternator with LLD / ULLD can reduce the COLLD / ULLD can reduce the CO22 emission around 1 ~ 1.5 mg/km emission around 1 ~ 1.5 mg/km ��
Assume the car is driven 20,000 km per year Assume the car is driven 20,000 km per year �� COCO22 reduced around 20kg per vehicle.reduced around 20kg per vehicle.
Forw
ard
Cu
rren
t, I
F(A
)
100
80
60
40
20
00.2 0.4 0.6 0.8 1.0
VF (V)
Alternator LLD / ULLD Design
AlternatorAlternator
65% ~ 72% 65% ~ 72%
((ηη))
Ultra Low Loss Diode (ULLD) Low Loss Diode (LLD) Standard Diode
Pressfit Type)
AlternatorAlternator
68% ~ 75% 68% ~ 75%
((ηη))
AlternatorAlternator
72% ~ 80% 72% ~ 80%
((ηη))
IC Controlled MOSFETIC Controlled MOSFET SchottkySchottky / MOSFET Based / MOSFET Based PN Junction DiodePN Junction Diode
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Vehicle Evolution
140
120
100
80
60
40
20
0
Mcars
YearYear
105M @ 105M @ ’’20
120M @
20
120M @ ‘‘25 1,300M @
25 1,300M @ ‘‘3030
Ref.: VALEORef.: VALEO
※※ Rectifier Rectifier Diodes (Std Diode/LLD/ULLD) are only suitable for alternator of Diodes (Std Diode/LLD/ULLD) are only suitable for alternator of conventional ICE vehicles. conventional ICE vehicles.
Alternator:
Std Diode
LLD
ULLD
Powertrain:
Converter: MOS
Inverter: IGBT
Powertrain:
Converter: MOS
Inverter: MOS
Powertrain Application
Product-Application
Core/Coil
Solenoid Valve
TVS
Regulator / Brush Holder
PF Diode
LLD
IGBT / IGBT Modules
MOSFET / MOSFET Modules
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