test report of pear g,i&saug 12, 2016 · industry first 30v/2a/1mhz buck-boost mr16 led...

Si lergy Corp .

（Stock Symbol：6415）

August 12, 2016

SILICON ENERGY- POWERING THE FUTURE 2 2

Profile

Company Name：Silergy Corp.

Founded in 2008

Chairman & CEO：Wei Chen

Headcounts：523（as of May 31, 2016)

Product：Analog IC

Shares：78.4M (as of July 30, 2016)

SILICON ENERGY- POWERING THE FUTURE 3

Milestones

2008

2010

2012

2011

2009

Industry First

6V,2A,1MHz

Sync Buck IC

in SOT23

Industry First

6V,3.5A,1MH

z Sync Buck

IC in DFN3x3

World’s smallest 6V/6A/1MHz Sync Buck in DFN2x2

Industry First PFC/PSR/QRC Isolated LED Lighting Controller

In SOT23

World’s Smallest dual 6A smart load switch in DFN2x2

Industry First 30V/2A/1MHz Buck-boost MR16 LED Lighting Driver

Industry First

PFC/PSR/QRC

Isolated LED

Lighting Driver

with integrated

MOSFET in SO8

（2012 China Innovation Award by Ministry of Industry and Information）

World’s smallest 18V/5A Sync Buck IC in SOT23-6

2013

Industry First Sync Boost 6A input Smart Charger in DFN3x3

Industry’s Smallest

6A input Sync Boost IC in DFN2x2

Silergy - Hangzhou subsidiary

Incorporated

Silergy

Incorporated

Silergy US subsidiary

Incorporated

Silergy- NanJin g subsidiary Incorporated

Silergy Hangzhou

High-Tech company certification in China

IC design house certification in China

ISO9001 Certification

Mass production

IPO at Taiwan

Redherring Gobal Top 100 Award

2014

Industry First Triac Dimmable MR16 LED driver

Industry First DFN4x4 30V/15A Synchronous Boost Regulator

2015

Industry First

Motor Driver in SOT23

Industry First High Efficiency MOS Integrated 6.78MHz Wireless Charging Transmitter IC


Board of Directors

。

Name Share %

Chairman/CEO/

President Issac Chen 8.59

Director/CTO Albert You 4.68

Director 施君徽(Ryan Shih) -

Director 楊光智(David Yang) -

Independent

Director 柯順雄 (Eric Ko) -

Independent

Director 蔡永松 (Daniel Tsai) -

Independent

Director 李鴻基 (Alex Lee) -

Total 13.27


Title Name Expr Expertise Experience

CEO/ President

Issac Chen, PhD

19 System Architect

PhD, EE, from Virginia Tech Applications Manager, Linear Technology Corp. VP of System and Apps, Monolithic Power System 19 years’ industry experience

CTO

Albert You, PhD

14

Semiconductor Process/Device/ Adv Packaging

PhD, EE, from Virginia Tech Technology Director, Volterra 14 years’ industry experience

VP of Eng.

Michael Grimm

30

IC Design

MS, EE, from UC Berkeley Managing Director, NB BU, Maxim 30 years’ industry experience

Exec. Design

Director

Jaime Tseng

30

IC Design

BS, EE, from UC Berkeley Design Manager, Linear Technology Corp. 30 years’ industry experience

Management Team

SILICON ENERGY- POWERING THE FUTURE 6 SILICON ENERGY- POWERING THE FUTURE 6

Silergy Key Points

• International Culture: marriage of “West” and “East” culture – “West”: innovation, leading market positioning

– “East”: execution, diligent, fast response

• Innovation Driven Virtual IDM Platform Model – More than 329patents awarded

– More than 431patents pending

• Committed to Developing Industry Leading Products

– Smaller size

– Higher efficiency

– More Intelligence


Stable Shareholders Structure

VC (BOD), 5.82% Management Team,

18.89%

Employees, 9.85%

Foreign Investors, 48.65%

Securities Investment Trust Companies, 5.23%

Dealers, 0.20% Other, 11.36%

VC (BOD)

Management Team

Employees

Foreign Investors

Securities Investment Trust Companies

Dealers

Other


Silergy

Inside

SSD

HD STB， IP STB

Server

Smart Monitor & TV

LED Lamps

Smart phone

Ultrabook Tablet PC

Diversified End Applications

Power Bank POS

IP Camera

Network Equipment


According to tracking report aimed at

power management IC market made by

IHSiSuppli，there will be a growth of

7.6% of world power management IC in

2013,summed up to 32.2 billion dollars.

IHSiSuppli predict moderate growth of

market in 2013 and its following 3

years. The total amount will be 38.7

billion dollars in 2016,reaching a growth

of 29.4% compared with 29.9 billion in

2012.

Data source：Tracking reports of HIS power market（2012.11）

Power Management IC Market and Trend

The technology trends of power management IC

•Smaller Size: technology upgrading of portable products

•Higher Efficiency: longer battery life, meeting government

regulation of energy conservation and emission reduction

•Easy to Use

•Continuous Cost-Down: higher integration level

•Development Time Reduction

World power management IC market Unit: billion dollars


Future Focus -Smartness/Green Power/ IOT

Silergy＋

Inside

Wearable

Device

Smart Medical

Device

Robots

Intelligent

Transportation

http://www.google.com.tw/url?sa=i&rct=j&q=%E8%80%B3%E6%BA%AB%E6%A7%8D&source=images&cd=&cad=rja&docid=qR0gcshDuJL4vM&tbnid=UGQGhEeDqwq7aM:&ved=0CAUQjRw&url=http://www.hocom.com.tw/page_01.php?ID=1720&ei=p-3UUfWpGOiRiQe70oDIAg&psig=AFQjCNHiNpSKNiMdL4PnFNtdDAA69MBQEQ&ust=1372995345959029


Plan for Product Development

Smart

Meter

Automobile

Electronics

Motor

Drive

Wireless

Charger

White

Goods

Medical

Device

High Res

Smart TV

Aiming at fast-growing consumer and industrial applications

Wearable

device

POS

system

Mobile

Payment

AI

Application


Focus on Developing High Margin Business

0%

25%

50%

75%

100%

2011 2012 2013 2014 2015 2016H1

Consumer Industrial Computing CommunicationProducts portfolio

Year 2011 2012 2013 2014 2015 2016H1

Consumer 58.49% 48.02% 39.34% 38.39% 40.94% 41.55%

Industrial 6.85% 26.17% 35.03% 31.00% 37.28% 38.49%

Computing 31.62% 24.86% 23.77% 27.38% 17.39% 13.85%

ommunication 3.04% 0.95% 1.86% 3.23% 4.38% 6.12%


Fast Growth

2016: YoY 44% INCR

M / TWD

211 479

1,371

2,087

3,273

4,701

3,110

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

2010 2011 2012 2013 2014 2015 2016H1


Key Figures Unit : M/ TWD

Note: The gain from IP transfer contributed to the net profit in 2015 Q4.

2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2

Net Profit(M/TWD) 203 307 283 408 239 343

GM 48% 47% 46% 45% 45% 47%

NM 22% 25% 24% 30% 18% 19%

48% 47% 46% 45% 45% 47%

22% 25% 24%

30%

18% 19%

0%

10%

20%

30%

40%

50%

60%

-

50

100

150

200

250

300

350

400

450

(Note)

Key Figures-Pro Forma

Unit : M / TWD

NOTE: This Pro Forma P&L doesn‘t include: Inventory obsolete loss, RSA/Option expense,

amortization and depreciation, asset evaluation gain or loss

2015Q1 2015Q2 2015Q3 2015Q4 2016Q1 2016Q2

Net Profit(M/TWD) 238 349 334 284 298 474

GM 49% 48% 47% 46% 46% 47%

NM 26% 28% 28% 22% 23% 26%

49% 48% 47% 46% 46% 47%

26% 28% 28%

22% 23% 26%

0%

10%

20%

30%

40%

50%

60%

-

50

100

150

200

250

300

350

400

450

500

Intangible assets(Silergy’s M&A cases)

Amount(NTD ) Amortization or impairment

Other intangible assets 1,586M 1. Amortization in Q2 2016 is about NTD 71M. 2. Based on the components of the intangible assets ,the amortization will be about NTD 60M in each quarter from Q3 2016.

Goodwill 2,598M Will have the impairment evaluation in each end of year.

2016.06.30

SILICON ENERGY- POWERING THE FUTURE

17

• Target: IP/Employees/Customers/Fixed Assets/Inventory

• Deal Size: US$105M in cash

• Closing date: End of March,2016

• Market potential: Maxim is a leading metering IC supplier

– Smart meters are extensively deployed in North America and China; will see large market upside in Europe, India and South America

– Energy measurement ICs are well suited for IOT applications

• Will grow faster after the acquisition

– Enable a faster entry to meter markets with Maxim’s existing customer base

– Extend product portfolio outside power ICs

– Diversify revenue’s geographic distribution

Acquisition Ⅰ

Maxim Smart Meter/Energy Measurement IC

• Target: IPs/Employees/Customers/Fixed Assets

• Deal Size: approximately US$20M in cash

• Closing date: April, 2016

• Market potential : NXP is a leading LED lighting driver IC supplier – LED lighting has large growth potential, especially in emerging markets.

– Future adoption for smart lighting will increase the demand for the high performance driver ICs

• Will grow faster after the acquisition – Strengthen the patent portfolio and expand the product offerings

– Enable the faster growth into European/North America customer base

– Merging of NXP RD team will speed up new product launch, improve the productivity and lower the expense.

Acquisition Ⅱ NXP Semiconductors AC LED Driver ICs

SILICON ENERGY- POWERING THE FUTURE


Vision

Misson

Relying on technology innovation to produce analog ICs

meeting highest efficiency requirements to reduce energy

consumption and to be enviromental friendly

Goal

Best technology leader in analog IC industry

Operation Principle Upholding the principle of “integrity, creativity, and continuous service”, we

provide our customers with analog IC with both high efficiency and cost

saving, with value added and customized system design support.


Our Edge


Thanks！

test report of pear g,i&saug 12, 2016 · industry first 30v/2a/1mhz buck-boost mr16 led...

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