holtek semiconductor inc....eps 1.16 1.05 1.38 5 2018/q3 operating results holtek semiconductor inc....

2018/Q3 Operating Results

Holtek Semiconductor Inc.

Professional MCU IC Provider


2018/10/29

1


Yearly Operating Results NT$ Million

3,894 3,931 3,968

4,615

4,158

3,675

801792745 807 784926

48.5%49.1%46.8%

49.4%47.9%

46.3%

0

1,000

2,000

3,000

4,000

5,000

2013 2014 2015 2016 2017 2018/1~9

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

Sales Income after tax and minority interest Gross Margin%

2


Operation & Financial Structure

2013 2014 2015 2016 2017 2018/1~9

224,941 226,168 226,168 226,168 226,168 226,168

3.32 3.50 3.57 3.47 4.10 3.54

3.30 3.50 3.57 3.50 4.10 N/A

- - - - - N/A

20% 20% 20% 20% 23% 20%

17.62 17.86 17.81 17.53 18.00 17.62

11.43 11.64 11.20 11.82 11.88 10.83

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

1,071

1,0941,1251,085

908

1,249

1,086 1,155

878

1,0141,040

1,0861,036

1,330

1,259

168

226276

237185207220 228

207207161

220 202

312 262

48.9%47.9%48.1%45.4%45.8%

47.7%48.6%48.9% 48.1%49.1%

48.6%49.9% 49.6%

49.7%

49.4%

0

200

400

600

800

1,000

1,200

1,400

15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

Sales Income after tax and minority interest Gross Margin%

4

NT$ million


Holtek Semiconductor Inc. Consolidated Income Statements-2018/Q3

NT$ K

2018/Q3 2017/Q3 2018/Q2 YOY QOQ

Amount % Amount % Amount % % %

Sales 1,258,959 100.0 1,124,736 100.0 1,329,873 100.0 11.9 (5.3)

Cost of Sales 637,590 50.6 586,710 52.2 661,673 49.8 8.7 (3.6)

Gross Profit 621,369 49.4 538,026 47.8 668,200 50.2 15.5 (7.0)

Unrealized Gross Profit (249) - (3,339) (0.3) 7,033 - - -

Realized Gross Profit 621,618 49.4 541,365 48.1 661,167 49.7 14.8 (6.0)

Operating Expenses 328,668 26.1 312,372 27.8 336,148 25.3 5.2 (2.2)

Operating Income 292,950 23.3 228,993 20.4 325,019 24.4 27.9 (9.9)

Non-Operating Income (Net) 11,304 0.9 46,667 4.1 38,464 2.9 - -

Income Before Tax 304,254 24.2 275,660 24.5 363,483 27.3 10.4 (16.3)

Tax/Minority Interest 41,907 3.4 38,945 3.5 51,051 3.8 7.6 (17.9)

Net Income 262,347 20.8 236,715 21.0 312,432 23.5 10.8 (16.0)

EPS 1.16 1.05 1.38

5


Holtek Semiconductor Inc. Consolidated Income Statements-2018/1~9

NT$ K

2018/1~9 2017/1~9 YOY

Amount % Amount % %

Sales 3,674,533 100.0 3,365,661 100.0 9.2

Cost of Sales 1,847,975 50.3 1,781,204 52.9 3.7

Gross Profit 1,826,558 49.7 1,584,457 47.1 15.3

Unrealized Gross Profit 12,588 0.4 20,878 0.6 -

Realized Gross Profit 1,813,970 49.3 1,563,579 46.5 16.0

Operating Expenses 967,088 26.3 900,947 26.8 7.3

Operating Income 846,882 23.0 662,632 19.7 27.8

Non-Operating Income (Net) 82,924 2.3 92,882 2.7 -

Income Before Tax 929,806 25.3 755,514 22.4 23.1

Tax/ Minority Interest 129,221 3.5 105,429 3.1 22.6

Net Income 800,585 21.8 650,085 19.3 23.2

EPS 3.54 2.87

6


NT$ K 2018.09.30 2017.09.30 2017.12.31

Assets Amount % Amount % Amount %

Current Assets：

Cash and Cash Equivalents 1,291,740 25 1,347,655 27 1,391,728 26

Bond Funds 532,170 10 633,924 13 582,902 11

Notes and Accounts Receivable 123,632 2 110,119 2 115,164 2

Receivables from Related Companies 752,498 14 709,678 14 755,407 14

Inventories 689,560 13 651,112 13 594,589 11

Other Financial Assets - Current 624,629 12 332,271 7 711,632 13

Other Current Assets 32,662 1 34,017 1 27,632 1

4,046,891 77 3,818,776 77 4,179,054 78

Non-Current Assets：

Financial Assets at Fair Value through Profit or

Loss 321,041 6 - - - -

Investment by Cost Method - - 259,446 5 259,446 5

Investment by Equity Method 421,851 8 392,790 8 419,129 8

Properties 395,707 7 423,444 8 414,729 8

Income Tax Assets 48,826 1 41,080 1 49,503 1

Other Non-current Assets 56,297 1 46,195 1 42,409 -

1,233,722 23 1,162,955 23 1,185,216 22

Total Assets 5,280,613 100 4,981,731 100 5,364,270 100

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 147,940 3 109,405 2 146,854 3

Accounts Payable 516,422 10 510,080 10 454,078 8

Accrued Salaries 249,621 5 220,979 5 276,046 5

Current Income Tax

Payable 85,302 2 63,457 1 85,271 2

Other Current Liabilities 82,121 1 85,137 2 106,539 2

1,081,406 21 989,058 20 1,068,788 20

Non-current Liabilities：

Income Tax Liabilities 109,312 2 95,146 2 114,988 2

Net defined benefit liability 71,709 1 68,233 2 72,938 1

Deposits Received 8,705 - 8,718 - 8,710 -

189,726 3 172,097 4 196,636 3

Total Liabilities 1,271,132 24 1,161,155 24 1,265,424 23

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 45 2,261,682 42

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

Reserve 1,572,299 30 1,427,174 29 1,699,004 32

Other Adjustments 9,841 - (35,325) (1) (31,756) (1)

Total Shareholders' Equity Attributed to

Parent Company 3,986,131 76 3,795,840 76 4,071,239 76

Minority Interest 23,350 - 24,736 - 27,607 1

Total Shareholders' Equity 4,009,481 76 3,820,576 76 4,098,846 77

Total Liabilities & Shareholders' Equity 5,280,613 100 4,981,731 100 5,364,270 100

9

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

Unit: NT$ million, %

Holtek Worldwide Sales-3Q18 YOY

2018/Q3 total sales: NT$ 1,259million (YOY + 11.9%)

2018/Q3

2017/Q3 total sales: NT$ 1,125million

2017/Q3

82073%

17415%

13112%

Taiwan

International

China/ HK

10

97077%

(+ 18%)

18214%

(+ 5%)

1079%

(- 18%)

Taiwan

International

China/ HK

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


2018/Q3

97077%

(- 8%)

18214%

(+ 19%)

1079%

(- 11%)

Taiwan

International

China/ HK

Holtek Worldwide Sales-3Q18 QOQ 2018/Q2


11

1,05779%

15312%

1209%

Taiwan

International

China/ HK

2018/Q3 total sales: NT$ 1,259million (QOQ - 5.3%)


Holtek Worldwide Sales-2018/1~9 YOY


12

2,80676%

(+ 15%)

50014%

(- 8%)

36910%

(- 5%)International

China/ HK

Taiwan

2018/1~9

2018/1~9 total sales: NT$ 3,675 million (YOY + 9.2%)

2,43572%

54516%

38612%

International

China/ HK

2017/1~9

2017/1~9 total sales: NT$ 3,366 million

Taiwan


Total MCU IC Sales NT$ million

614730

691757

635

772 765 793 782

839 824

954

803

1,017965

70%

70%

68%

73%70% 70%

71% 73%

70% 73% 73%

76% 74% 76% 76%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800

1,000


Total MCU IC Percentage

2015 MCU sales: NT$2,791million (70% of total sales) (YOY +2%)



2018/1~9 MCU sales: NT$2,785million (76% of total sales) (YOY +14%)

13

18Q3： YOY + 17%；QOQ - 5%


Total MCU IC Shipments Unit: K pcs

103,334

124,592

109,918

126,663

104,417

132,798 137,646

141,238 140,666

158,562 149,857

176,039

143,758

185,039 175,478

0

40,000

80,000

120,000

160,000

200,000


2015 MCU shipments: 465KKpcs (YOY +0%)



2018/1~9 MCU shipments: 504KKpcs (YOY +12%)

18Q3： YOY + 17%；QOQ -5%

14


Flash MCU Shipments

31,222

42,594 40,488 42,090

42,953

59,236 64,957

77,669 80,475

93,403 93,032

112,758

92,320

127,579 123,424

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Unit: K pcs

2015 Flash MCU shipments: 156KK (34%) (YOY +23%)



2018/1~9 Flash MCU shipments: 343KK (68%) (YOY +29%)

15

18Q3：YOY +33%；QOQ -3%


Unit: K pcs

32-bit MCU Shipments

2,9312,841

6,116

2,930

132 175 274 273 337

1,0931,129 1,2671,218

55

5,949

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

15Q1

15Q2

15Q3

15Q4

16Q1

16Q2

16Q3

16Q4

17Q1

17Q2

17Q3

17Q4

18Q1

18Q2

18Q3

2015 32-bit MCU shipments: 636K (YOY +154%)

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

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

2018/1~9 32-bit MCU shipments: 11,721K (2%) (YOY +116%)

16

18Q3：YOY + 0%；QOQ + 3%


Unit: K pcs

Touch MCU Shipments

13,530

18,439

15,536

19,218

15,518

23,237 22,642

28,272 27,791

31,742

26,899

37,903

28,565

32,870

36,464

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

2015 Touch MCU shipments: 67KK (14%) (YOY +18%)



2018/1~9 Touch MCU shipments: 98KK (19%) (YOY +13%)

17

18Q3：YOY +36%；QOQ +11%


Holtek Applications-3Q18 YOY

18

E-Banking

2%Health Care

12%

Home Appliance

39%

Industrial

Control15%

Others

15%

PC Peripheral

7%

Security

8%

Toy &

Educational2%

2017/Q3

E-Banking

1%Health Care

12%

Home Appliance

38%

Industrial

Control18%

Others

15%

PC Peripheral

8%

Security

5%

Toy &

Educational3%

2018/Q3


2018/Q3 total sales: NT$ 1,259million(YOY +11.9%)


Holtek Applications-3Q18 QOQ

19

E-Banking

1%Health Care

12%

Home Appliance

38%

Industrial

Control18%

Others

15%

PC Peripheral

8%

Security

5%

Toy &

Educational3%

2018/Q3 E-Banking

2%Health Care

11%

Home Appliance

38%

Industrial

Control21%

Others

15%

PC Peripheral

6%

Security

5%

Toy &

Educational2%

2018/Q2


2018/Q3 total sales: NT$ 1,259million(QOQ -5.3%)


Holtek Applications-2018/1~9

20

E-Banking

2%Health Care

11%

Home Appliance

38%

Industrial

Control19%

Others

15%

PC Peripheral

7%

Security

6%

Toy &

Educational2%

E-Banking

2%Health Care

12%

Home Appliance

42%

Industrial

Control14%

Others

13%

PC Peripheral

7%

Security

7%

Toy &

Educational3%

2017/1~9

2018/1~9

2018/1~9 total sales: NT$ 3,675million(YOY +9.2%)

2017/1~9 total sales: NT$ 3,366million


32-bit

MCUs

Wireless

Motor

Control

Security

& Safety

Home

Appliances

Touch

Products

Health &

Measurement Power

Management

Display

& Audio

3 ITEMS

HOLTEK 2018

NEW PRODUCTS

TOTAL 39 ITEMS

21

3 ITEMS 3 ITEMS

5 ITEMS

5 ITEMS

4 ITEMS 4 ITEMS

4 ITEMS

8 ITEMS


Holtek is a sincere and trustworthy partner that

you can rely upon for your long term

investment.

HOLTEK SEMICONDUCTOR INC.

22

holtek semiconductor inc....eps 1.16 1.05 1.38 5 2018/q3 operating results holtek semiconductor inc....

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