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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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ELAN Microelectronics CorporationThe Smart Human Interface Solution Provider
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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Sales Breakdown by Product Line (Consolidated)
5,445 7,367 1,537 1,886 2,036
• Touch: Touchscreen Chip, Touchpad• Non-touch: MCU, PC Peripheral , Consumer, Pointing Stick, Affiliated Co. Products
Sales: NT$M 1,908 1,866 2,161
36
64
55
45
39
61
53
47
62
38
62
38
65
35
64
36
57
43
0
25
50
75
100
2011 2012 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13
Non-touch
Touch
1,895
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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3Q13 Income StatementYoY Comparison (Consolidated)
NT$M
* Based on the current 433 million shares (Reviewed)* Based on the weighted average number of shares outstanding
3Q13 % 3Q12 % YoY(%)
Sales 1,895 100 2,036 100 (7)
Gross profit 830 44 856 42 (3)
Sales expense 118 7 71 3
G&A expense 98 5 100 5
R&D expense 289 15 319 16
Operating profit 325 17 366 18 (11)
Non-operating income & exp. (11) 0 (9) (0)
Profit before tax 314 17 357 18 (12)
Net profit 276 15 324 16 (15)
Belong
Parent company 295 339
Non-Controlling Interests (19) (15)
* EPS (NT$) 0.71 0.88 (19)
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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NT$M
* Based on the current 433 million shares (Reviewed)* Based on the weighted average number of shares outstanding
3Q13 Income StatementQoQ Comparison (Consolidated)
3Q13 % 2Q13 % QoQ(%)
Sales 1,895 100 2,161 100 (12)
Gross profit 830 44 1,025 47 (19)
Sales expense 118 7 90 4
G&A expense 98 5 106 5
R&D expense 289 15 278 13
Operating profit 325 17 551 25 (41)
Non-operating income & exp. (11) 0 8 1
Profit before tax 314 17 559 26 (44)
Net profit 276 15 469 22 (41)
Belong
Parent company 295 487
Non-Controlling Interests (19) (18)
* EPS (NT$) 0.71 1.19 (40)
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
1Q13~3Q13 Income StatementYoY Comparison (Consolidated)
* Based on the current 433 million shares (Reviewed)* Based on the weighted average number of shares outstanding
NT$M
1Q13~3Q13 % 1Q12~3Q12 % YoY(%)
Sales 5,922 100 5,459 100 8
Gross profit 2,746 46 2,166 40 27
Sales expense 284 5 179 3
G&A expense 311 5 252 5
R&D expense 863 15 812 15
Operating profit 1,288 21 923 17 40
Non-operating income & exp. 36 1 (7) 0
Profit before tax 1,324 22 916 17 45
Net profit 1,121 19 769 14 46
Belong
Parent company 1,176 815
Non-Controlling Interests (55) (46)
* EPS (NT$) 2.89 2.11 37
5
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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Balance Sheets
NT$M
Sep. 30, 2013 (Consolidated)
(Reviewed)
Current assets 7,216
Cash and cash equivalents 1,114
Current financial assets 355
A/R&A/N 1,634
Inventory 1,227
Other current assets 44
Other current financial assets 2,842
Non-current financial assets 1,119
Fixed assets 744
Other non-current assets 297
Total Assets 9,376
Current liabilities 1,872
Non- current liabilities 447
Total Liabilities 2,319
Capital stock 4,332
Capital surplus 1,445
Retained earnings 1,598
Other equity interest 152
Treasury stock (541)
Non-controlling interests 71
Total Stockholders' Equity 7,057
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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Cash Flow Statement
NT$M
(Reviewed)
Sep. 30, 2013 (Consolidated)
Income before tax 1,324
Dep & Amort. 122
Dec.(Inc.) of A/R & N/R (256)
Dec.(Inc.) of inventory (176)
Dec.(Inc.) of investments-trading 141
Others 121
Operating cashflow 1,276
Inc.F/A (31)
Dec.(Inc.) of investments 138
Inc.Time deposit with maturity over three-month (402)
Others (11)
Investment cashflow (306)
Distribution of cash dividends (1,240)
Dec.(Inc.) of Treasury shares (156)
Employee Stock Options exercise 695
Financing cashflow (701)
Change in cash 269
Beg. Cash 845
End Cash 1,114
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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Based on current assumptions of future prospects, ELAN expects:
• Consolidate revenue to be approximately between NT$1.78 billionand NT$1.835 billion
• Gross margin to be about 44% to 46%
• Operating income rate to be about 16% to 19%
4Q13 Revenue Forecast
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
0
200
400
600
800
1000
1200
1400
1600
0
10
20
30
40
50
60
70
Touch Sales 302 435 577 470 455 476 528 528 597 1004 1272 1183 1206 1376 1082
% 23 24 31 35 38 32 37 40 39 53 62 62 65 64 57
Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112 Q212 Q312 Q412 Q113 Q213 Q313
Outstanding Sales for Touch Products
9
Unit: NT$M (%)
PS: Based on consolidated sales
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
1010
2013 Growth Driver in Touch Application
Touchpad for NB & Ultrabook
2Q13: 2.91M 3Q13: 3.86M (QoQ:33%)
Brand: 70%, White-box: 30%
Touchscreen IC for Smart Phone
Touchscreen IC for Tablet
2Q13: 3.23M 3Q13: 2.4M (QoQ: -26%)
Touchscreen IC for Win 8 NB/Ultrabook/Tablet
2Q13: 11.98M 3Q13: 9.74M (QoQ: -19%)
2Q13: 2.37M3Q13: 3.02M (QoQ: 27%)
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
13Source: Lenovo, Engadget, CNET
Lenovo Ideapad U330
Acer Aspire R7Sony Vaio T13 HP Envy X2
Samsung ATIV Book 9Dell Inspiron
Win 8 with Touch from 11.6” ~ 21.5” Passed Win 8 Certification ( 114 Models, 230 Project )
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Smart-TouchscreenTM Has Mass Production Experience for Windows 8
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• Collaboration with >25 ITO Sensor Maker on Windows
• 11 Different EMS Companies
• Over 10.5 Million Total Units
• 11 Notebook Brand Names
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan’s Smart-TouchscreenTM Supports Intel Baytrail -T
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
5.5Touch Sensor B Cover
LCD PanelA Cover
Direct Bonding
eTP
A Cover
B CoverTouch Sensor
LCD Panel
Air Bonding
Inno-touch
Smart-TouchscreenTM Provide for AUO & INLX Standard LCD & Touch Panel Module
Cross Section (eTP vs Inno-touch)
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan Smart-TouchscreenTM Main Stream
Stack Up for NB & Tablets
Type Stack up Thickness Anti-Bend Optics Cost
OGS
With Direct Bonding
☆☆☆☆Thin
☆☆☆☆Excellent
☆☆☆☆Excellent
△△△△High
OGS
With Air Bonding
◎◎◎◎Middle
△△△△Bad
◎◎◎◎Best
◎◎◎◎Low
G1F
With Air Bonding
○○○○Thicker
◎◎◎◎Best
○○○○Good
◎◎◎◎Low
GFF
With Air Bonding
△△△△The Most
Thick
◎◎◎◎Best
○○○○Good
○○○○Middle
Direct bond to LCM
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Without S
OCA/LOCALCM
Sensor Glass
AirLCM
Sensor Glass
ASF
Sensor Glass
OCA1
Film Sensor 1
Cover Lens
OCA1
Film Sensor 1
Film Sensor 2
OCA2
TxRx
TxRx
TxRx
TxRx
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan Smart-TouchscreenTM Main Stream Film Type Material
Materials Top ViewResistance
Ohm/sq
Resistance
Uniform
Pattern Visibility
Cost
ITO Film△△△△
High
◎◎◎◎
Best
☆☆☆☆Excellent
△△△△High
Metal Mesh ☆☆☆☆
Low
☆☆☆☆Excellent
○○○○Good
○○○○Middle
AgNW
Silver Nanowire
○○○○Middle
△△△△Bad
◎◎◎◎Best
☆☆☆☆Low
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義隆電子義隆電子義隆電子義隆電子 Elan Microelectronics Corp.
Elan’s Smart-TouchscreenTM
Provides On Cell Solution for Win 8.1
�On-cell Structure Demo
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan’s Smart-ClickPadTM Certified for Windows 8.1 Precision Touch Pad
(USB PTP)
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan’s Smart-ClickPadTM Certified for Windows 8.1 Precision Touch Pad
(I2C PTP)
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan’s Smart-ClickPadTM Provides for Nokia 2520 Power Keyboard
“the Nokia Power Keyboard includes a fully functional keypad with gesture trackpad,
so typing feels as natural as on a laptop” ~Reuters
“Unlike the Surface, however, the attachment features a gesture trackpad” ~thenextweb
Powered by Elan’s Keyboard Module & Touchpad Solution
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義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Elan’s Smart-ClickPadTM Solution for Chrome Notebook AVL
• ELAN’s Latest Generation Touchpad pass the most recent Google Chrome OS Touchpad Certification Test
• Start shipment in Q114 24
義隆電子義隆電子義隆電子義隆電子 Elan Microelectronics Corp.
Elan’s Smart-TouchscreenTM with eStylusTM
Solution for Smart Phones
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Hover Control
Glove Operation
Moisture Proof
Stylus Operation
DemoDemoDemoDemo
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
Coolpad
Elan’s Smart-TouchscreenTM Design Win Smart Phone
Huawei
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Tinno天瓏移動天瓏移動天瓏移動天瓏移動CK TelecomSLHT8561 Y320U S9083
義隆電子義隆電子義隆電子義隆電子 ELAN Microelectronics Corp.
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One Layer - On Cell Capacitive Structure
Cover lensCover lens
Glass
Glass
Glass
Glass
Liquid CrystalLiquid Crystal
Touch Sensor
Color Filter
TFT Process
Polarizer
Two Layers - On Cell Capacitive Structure
Air GapAir Gap
Smart-TouchscreenTM Uses One / Two Layers ITO for On-Cell Application
Caterpillar Type ITO Sensor SITO Type ITO Sensor
Demo
義隆電子義隆電子義隆電子義隆電子 Elan Microelectronics Corp.
Elan’s Smart-TouchscreenTM Supports
In-Cell Solutions
�In-cell Structure Demo
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義隆電子義隆電子義隆電子義隆電子 Elan Microelectronics Corp.
Elan’s Smart-TouchscreenTM Design Win New Tablet
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HP DellToshiba
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