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

Actron

Inside !

Mission Statement

5

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

AlternatorAlternator、、 Diodes Diodes 、、RegulatorRegulator

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

Car MakersCar Makers

Tier 1 Tier 1

OE CustomersOE Customers

All Powered and Driven by ActronActron

Global Presence by Revenue

★

●

●●

●

●

●●

●●●

●

●●

●

●●

●

●

●

●

●

●

●●

● ●

●

●

●

●

● 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%)

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※※ 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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Thank You !

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