holtek semiconductor inc....2017/q3 operating results holtek semiconductor inc. consolidated income...

2017/Q3 Operating Results

Holtek Semiconductor Inc.

Professional MCU IC Provider


2017/10/30

1


Yearly Operating Results NT$ Million

3,519 3,556

3,8943,9683,931

4,158

3,366

784

560527650

745 792 807

47.9%46.3%

49.1% 48.5%

44.0%43.3%46.5%

0

1,000

2,000

3,000

4,000

2011 2012 2013 2014 2015 2016 2017/1~9

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 2017/1~9

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

3.32 3.50 3.57 3.47 2.87

3.30 3.50 3.57 3.50 N/A

- - - - N/A

20% 20% 20% 20% 17%

17.62 17.86 17.81 17.53 16.78

11.43 11.64 11.20 11.82 10.23

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 NT$ million

1,125

1,155

1,031

1,086

1,035

980

884

1,094

908

1,085

878

1,040

1,0711,036

1,014

237228220207165

220 207 202204 215168

207 207 185161

48.1%45.4%

49.2%47.6% 48.9% 48.1%

47.7%

47.1%49.9% 49.6%

48.6% 49.1% 48.6% 47.7% 45.8%

0

200

400

600

800

1,000

1,200

14Q1 14Q2 14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

Sales Income after tax and minority interest Gross Margin%

4


Holtek Semiconductor Inc. Consolidated Income Statements-2017/Q3

NT$ K

5

2017/Q3 2017/Q2 2016/Q3 QOQ YOY

Amount % Amount % Amount % % %

Sales 1,124,736 100.0 1,154,619 100.0 1,071,178 100.0 (2.6) 5.0

Cost of Sales 586,710 52.2 619,335 53.6 557,046 52.0 (5.3) 5.3

Gross Profit 538,026 47.8 535,284 46.4 514,132 48.0 0.5 4.6

Unrealized Gross Profit (3,339) (0.3) 10,762 1.0 (6,007) (0.6) - -

Realized Gross Profit 541,365 48.1 524,522 45.4 520,139 48.6 3.2 4.1

Operating Expenses 312,372 27.8 303,049 26.2 299,947 28.0 3.1 4.1

Operating Income 228,993 20.4 221,473 19.2 220,192 20.6 3.4 4.0

Non-Operating Income (Net) 46,667 4.1 44,659 3.9 20,260 1.8 - -

Income Before Tax 275,660 24.5 266,132 23.1 240,452 22.4 3.6 14.6

Tax/Minority Interest 38,945 3.5 37,913 3.3 33,456 3.1 2.7 16.4

Net Income 236,715 21.0 228,219 19.8 206,996 19.3 3.7 14.4

EPS 1.05 1.01 0.92


Holtek Semiconductor Inc. Consolidated Income Statements-2017/1~9

NT$ K

2017/1~9 2016/1~9 YOY

Amount % Amount % %

Sales 3,365,661 100.0 3,072,866 100.0 9.5

Cost of Sales 1,781,204 52.9 1,575,897 51.3 13.0

Gross Profit 1,584,457 47.1 1,496,969 48.7 5.8

Unrealized Gross Profit 20,878 0.6 (1,631) (0.1) -

Realized Gross Profit 1,563,579 46.5 1,498,600 48.8 4.3

Operating Expenses 900,947 26.8 881,353 28.7 2.2

Operating Income 662,632 19.7 617,247 20.1 7.4

Non-Operating Income (Net) 92,882 2.7 59,316 1.9 56.6

Income Before Tax 755,514 22.4 676,563 22.0 11.7

Tax/ Minority Interest 105,429 3.1 99,532 3.2 5.9

Net Income 650,085 19.3 577,031 18.8 12.7

EPS 2.87 2.55

6


Holtek Semiconductor Inc. Consolidated Balance Sheets

NT$ K

7

2017.09.30 2016.12.31 2016.09.30

Assets Amount % Amount % Amount %

Current Assets：

Cash and Cash Equivalents 1,347,655 27 1,149,307 23 1,416,190 30

Bond Funds 633,924 13 359,245 7 404,630 9

Notes and Accounts Receivable 110,119 2 94,101 2 98,251 2

Receivables from Related Companies 709,678 14 633,458 12 598,973 13

Inventories 651,112 13 509,344 10 554,315 12

Other Financial Assets - Current 332,271 7 1,163,658 23 445,251 9

Other Current Assets 34,017 1 19,528 - 26,202 -

3,818,776 77 3,928,641 77 3,543,812 75

Non-Current Assets：

Investment by Equity Method 392,790 8 430,685 8 418,995 9

Investment by Cost Method 259,446 5 229,750 4 229,750 5

Properties 423,444 8 442,570 9 440,079 9

Income Tax Assets 41,080 1 41,080 1 42,077 1

Other Non-current Assets 46,195 1 62,041 1 71,439 1

1,162,955 23 1,206,126 23 1,202,340 25

Total Assets 4,981,731 100 5,134,767 100 4,746,152 100


Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K

8

2017.09.30 2016.12.31 2016.09.30

Amount % Amount % Amount %

Liabilities

Current Liabilities：

Notes payable 109,405 2 115,324 2 132,515 3

Accounts Payable 510,080 10 451,120 9 351,903 8

Accounts Payable to

Related Companies - - 465 - 2,290 -

Accrued Salaries and

Bounses 220,979 5 254,392 5 197,726 4

Cash Dividends Payable 63,457 1 63,678 1 57,682 1

Other Current Liabilities 85,137 2 92,403 2 67,370 1

989,058 20 977,382 19 809,486 17

Non-current Liabilities：

Income Tax Liabilities 95,146 2 95,146 2 84,749 2

Net defined benefit liability 68,233 2 69,574 2 70,287 1

Deposits Received 8,718 - 8,542 - 6,654 -

172,097 4 173,262 4 161,690 3

Total Liabilities 1,161,155 24 1,150,644 23 971,176 20


Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K

9

2017.09.30 2016.12.31 2016.09.30

Stockholders' Equity Amount % Amount % Amount %

Shareholders' Equity Attributed to Parent Company：

Common Stock 2,261,682 45 2,261,682 44 2,261,682 48

Capital Surplus 142,309 3 159,281 3 159,281 3

Reserve：

Legal Reserve 750,029 15 781,525 15 781,525 17

Special Reserve 26,954 1 2,642 - 2,642 -

Unappropriated Retained Earnings 650,191 13 784,511 15 577,136 12

1,427,174 29 1,568,678 30 1,361,303 29

Translation Adjustments (35,325) (1) (24,311) - (22,965) -

Total Shareholders' Equity Attributed to

Parent Company 3,795,840 76 3,965,330 77 3,759,301 80

Minority Interest 24,736 - 18,793 - 15,675 -

Total Shareholders' Equity 3,820,576 76 3,984,123 77 3,774,976 80

Total Liabilities & Shareholders' Equity 4,981,731 100 5,134,767 100 4,746,152 100

2017/Q3 Operating Results 10

Unit: NT$ million, %

2017/Q3

82073%

(- 2%)

17415%

(- 6%)

13112%

(+ 2%)

Taiwan

International

China/ HK

2017/Q3 total sales: NT$ 1,125million(- 2.6% QOQ)

Holtek Worldwide Sales-3Q17 QOQ 2017/Q2

84173%

18516%

12911%

Taiwan

International

China/ HK

2017/Q2 total sales: NT$ 1,155million

2017/Q3 Operating Results 11


Holtek Worldwide Sales-3Q17 YOY

2017/Q3 total sales: NT$ 1,125million(+ 5.0% YOY)

2016/Q3

75771%

18717%

12712%

Taiwan

International

China/ HK

2016/Q3 total sales: NT 1,071million

2017/Q3

82073%

(+ 8%)

17415%

(- 7%)

13112%

(+ 3%)

Taiwan

International

China/ HK


Holtek Worldwide Sales-2017/1~9 YOY


12

2016/1~9

2,43572%

(+ 11%)

54516%

(+ 4%)

38612%

(+ 8%)International

China/ HK

Taiwan

2017/1~9

2017/1~9 total sales: NT$ 3,366 million( + 9.5% YOY )

2,188

71%

526

17%

359

12%

International

China/ HK

Taiwan

2016/1~9 total sales: NT 3,073 million


Total MCU IC Sales NT$ million

592

721 695735

614

730691

757

635

772765

793 782839 824

67%70% 71% 71% 70% 70% 68%

73%70% 70% 71% 73% 72% 73% 73%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800


Total MCU IC Percentage

2014 MCU sales: NT$2,743million (70% of total sales) (YoY +7%)



2017/1~9 MCU sales: NT$2,445million (73% of total sales) (YoY +13%)

13

17Q3：QoQ - 2%；YoY + 8%


Total MCU IC Shipments Unit: K pcs

98,624

123,157 118,599

125,787

103,334

124,592

109,918

126,663

104,417

132,798 137,646

141,238 140,666

158,562 149,857

0

40,000

80,000

120,000

160,000


2014 MCU shipments: 466KKpcs (YoY +8%)



2017/1~9 MCU shipments: 449KKpcs (YoY +20%)

14

17Q3：QoQ - 5%；YoY + 9%


Flash MCU Shipments

23,868

33,181 32,563 37,389

31,222

42,594 40,488

42,090 42,953

59,236 64,957

77,66980,475

93,403 93,032

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

110,000

Unit: K pcs

2014 Flash MCU shipments: 127KK (27%) (YoY +44%)



2017/1~9 Flash MCU shipments: 267KK (59%) (YoY +60%)

15

17Q3：QoQ – 0.4%；YoY + 43%


Unit: K pcs

32-bit MCU Shipments

2,930

1,2181,1291,093

42 61 8955

132 175274 273

337

58

1,267

0

500

1,000

1,500

2,000

2,500

3,000

3,500

14Q1

14Q2

14Q3

14Q4

15Q1

15Q2

15Q3

15Q4

16Q1

16Q2

16Q3

16Q4

17Q1

17Q2

17Q3

2014 32-bit MCU shipments: 250K (YoY +58%)

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

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

2017/1~9 32-bit MCU shipments: 5,415K (YoY +218%)

16

17Q3：QoQ + 141%；YoY + 168%


Unit: K pcs

12,517

15,026

11,943

17,866

13,530

18,439

15,536

19,218

15,518

23,237 22,642

28,272 27,791

31,742

26,899

5,000

10,000

15,000

20,000

25,000

30,000

35,000

2014 Touch MCU shipments: 57KK (12%) (YoY +46%)



2017/1~9 Touch MCU shipments: 86KK (19%) (YoY +41%)

17

17Q3：QoQ - 15%；YoY + 19%

Touch MCU Shipments


Holtek Applications-3Q17 QOQ

18

E-Banking

2%Health Care

12%

Home Appliance

39%

Industrial

Control15%

Others

15%

PC Peripheral

7%

Security

8%

Toy &

Educational2%

E-Banking

2%Health Care

11%

Home Appliance

43%

Industrial

Control13%

Others

13%

PC Peripheral

8%

Security

8%

Toy &

Educational2%

2017/Q2

2017/Q3


Holtek Applications-3Q17 YOY

19

E-Banking

2%Health Care

12%

Home Appliance

39%

Industrial

Control15%

Others

15%

PC Peripheral

7%

Security

8%

Toy &

Educational2%

2017/Q3 E-Banking

4% Health Care

11%

Home Appliance

36%

Industrial

Control16%

Others

11%

PC Peripheral

11%

Security

7%

Toy &

Educational4%

2016/Q3


Holtek Applications-2017/1~9

20

E-Banking

2%Health Care

12%

Home Appliance

42%

Industrial

Control14%

Others

13%

PC Peripheral

7%

Security

7%

Toy &

Educational3%

2017/1~9 E-Banking

6% Health Care

11%

Home Appliance

39%

Industrial

Control13%

Others

10%

PC Peripheral

11%

Security

6%

Toy &

Educational4%

2016/1~9


HOLTEK 2017

NEW PRODUCTS

21

4 ITEMS

12 ITEMS

7 ITEMS

2 ITEMS

9 ITEMS 5 ITEMS

5 ITEMS

TOTAL 44 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....2017/q3 operating results holtek semiconductor inc. consolidated income...

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