Holtek Semiconductor Inc....1% Health Care 11% Home Appliance 43% Industrial Control 15% Others 12%...

2018/Q1 Operating Results

Holtek Semiconductor Inc.

Professional MCU IC Provider


2018/04/30

1


Yearly Operating Results NT$ Million

3,894 3,931 3,968

4,615

4,158

1,086

226

792745 807 784926

48.5%49.1%46.8%

48.9%47.9%

46.3%

0

1,000

2,000

3,000

4,000

5,000

2013 2014 2015 2016 2017 2018/Q1

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/Q1

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

3.32 3.50 3.57 3.47 4.10 1.00

3.30 3.50 3.57 3.50 *4.10 N/A

- - - - - N/A

20% 20% 20% 20% 23% 5%

17.62 17.86 17.81 17.53 18.00 19.37

11.43 11.64 11.20 11.82 11.88 13.38

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

* Holtek Board of Directors resolved the proposal of 2017 cash dividends of NT$4.10 per share. It also

needs to be approved in 2018 Regular Shareholders' Meeting held on May 28, 2018.


Quarterly Results NT$ million

1,036 1,086

1,0401,014

878

1,1551,086

1,249

908

1,0851,1251,094 1,071

202220

161207 207 228220 207 185

237276

226

168

49.6%49.9%

48.6% 49.1%48.1%48.9% 48.6%

47.7%45.8% 45.4%

48.1%47.9%

48.9%

0

200

400

600

800

1,000

1,200

1,400

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

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

Sales Income after tax and minority interest Gross Margin%

4


Holtek Semiconductor Inc. Consolidated Income Statements-2018/Q1

NT$ K

5

2018/Q1 2017/Q1 2017/Q4 YOY QOQ

Amount % Amount % Amount % % %

Sales 1,085,701 100.0 1,086,306 100.0 1,249,257 100.0 (0.1) (13.1)

Cost of Sales 548,712 50.5 575,159 52.9 644,252 51.6

(4.6)

(14.8)

Gross Profit 536,989 49.5 511,147 47.1 605,004 48.4 5.1 (11.2)

Unrealized Gross Profit (5,804) - (13,455) - (6,496) - - -

Realized Gross Profit 531,185 48.9 497,692 45.8 598,508 47.9 6.7 (11.2)

Operating Expenses 302,272 27.8 285,526 26.3 317,829 25.4 5.9 (4.9)

Operating Income 228,913 21.1 212,166 19.5 280,679 22.5 7.9 (18.4)

Non-Operating Income (Net) 33,156 3.0 1,556 0.2 33,597 2.7 - -

Income Before Tax 262,069 24.1 213,722 19.7 314,276 25.2 22.6 (16.6)

Tax/Minority Interest 36,263 3.3 28,571 2.7 38,172 3.1 26.9 (5.0)

Net Income 225,806 20.8 185,151 17.0 276,103 22.1 22.0 (18.2)

EPS 1.00 0.82 1.22


Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K

6

2018.03.31 2017.03.31 2017.12.31

Assets Amount % Amount % Amount %

Current Assets：

Cash and Cash Equivalents 1,677,004 29 1,565,426 30 1,391,728 26

Bond Funds 621,665 11 398,058 8 582,902 11

Notes and Accounts Receivable 101,989 2 117,628 2 115,164 2

Receivables from Related Companies 606,352 11 644,075 12 755,407 14

Inventories 691,132 12 588,340 11 594,589 11

Other Financial Assets - Current 726,842 13 746,859 14 711,632 13

Other Current Assets 37,516 - 26,965 1 27,632 1

4,462,500 78 4,087,351 78 4,179,054 78

Non-Current Assets：

Financial Assets at Fair Value through Profit or

Loss 328,869 6 - - - -

Investment by Cost Method - - 244,729 5 259,446 5

Investment by Equity Method 420,075 7 378,020 7 419,129 8

Properties 411,298 7 420,930 8 414,729 8

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

Other Non-current Assets 40,369 1 57,126 1 42,409 -

1,249,437 22 1,141,885 22 1,185,216 22

Total Assets 5,711,937 100 5,229,236 100 5,364,270 100


Holtek Semiconductor Inc. Consolidated Balance Sheets

NT$ K

7

2018.03.31 2017.03.31 2017.12.31

Amount % Amount % Amount %

Liabilities

Current Liabilities：

Notes payable 136,807 2 145,724 3 146,854 3

Accounts Payable 538,756 10 444,998 8 454,078 8

Accounts Payable-related

parties - - 230 - - -

Accrued Salaries 220,642 4 191,207 4 276,046 5

Current Income Tax

Payable 116,997 2 75,174 1 85,271 2

Other Current Liabilities 90,621 2 83,539 2 106,539 2

1,103,823 20 940,872 18 1,068,788 20

Non-current Liabilities：

Income Tax Liabilities 117,713 2 95,146 2 114,988 2

Net defined benefit

liability 72,685 1 69,127 1 72,938 1

Deposits Received 8,713 - 8,542 - 8,710 -

199,111 3 172,815 3 196,636 3

Total Liabilities 1,302,934 23 1,113,687 21 1,265,424 23


Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K

8

2017.03.31 2017.03.31 2016.12.31

Stockholders' Equity Amount % Amount % Amount %

Shareholders' Equity Attributed to Parent Company：

Common Stock 2,261,682 40 2,261,682 43 2,261,682 42

Capital Surplus 142,309 2 142,309 3 142,309 3

Reserve 1,924,810 34 1,753,829 34 1,699,004 32

Other Adjustments 51,275 1 (62,659) (1) (31,756) (1)

Total Shareholders' Equity Attributed to

Parent Company 4,380,076 77 4,095,161 79 4,071,239 76

Minority Interest 28,927 - 20,388 - 27,607 1

Total Shareholders' Equity 4,409,003 77 4,115,549 79 4,098,846 77

Total Liabilities & Shareholders' Equity 5,711,937 100 5,229,236 100 5,364,270 100

盛群半導體 107年第一季法人說明會 2018/Q1 Operating Results

Unit: NT$ million, %

78072%

(+ 1%)

16415%

(- 12%)

14213%

(+ 12%)

Taiwan

International

China/ HK

77371%

18717%

12612%

Taiwan

International

China/ HK

2018/Q1 total sales: NT$ 1,086million(YOY -0.1%) 2017/Q1 total sales: NT 1,086million

Holtek Worldwide Sales-18Q1 YOY 2018/Q1 2017/Q1

9

盛群半導體 107年第一季法人說明會 2018/Q1 Operating Results

Unit: NT$ million, %

94676%

17314%

13010%

Taiwan

International

China/ HK

2017/Q4 total sales: NT$ 1,249million

78072%

(- 18%)

16415%

(- 5%)

14213%

(+ 9%)

Taiwan

International

China/ HK

2018/Q1 total sales: NT$ 1,086million(QOQ -13.1% )

Holtek Worldwide Sales-18Q1 QOQ 2017/Q4 2018/Q1

10


Total MCU IC Sales NT$ million

614730

691757

635

772 765 793 782

839 824

954

803

70%

70%

68%

73%70% 70%

71% 73%

70% 73% 73%

76%74%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800

1,000

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

Total MCU IC Percentage

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



2018/Q1 MCU sales: NT$803million (74% of total sales) (YOY +3%)

18Q1： YOY + 3%；QOQ - 16%

11


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

0

40,000

80,000

120,000

160,000

200,000

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

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



2018/Q1 MCU shipments: 144KKpcs (YOY +2%)

18Q1： YOY + 2%；QOQ - 18%

12


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

0

20,000

40,000

60,000

80,000

100,000

120,000

Unit: K pcs

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



2018/Q1 Flash MCU shipments: 92KK (64%) (YOY +15%)

18Q1：YOY + 15%；QOQ - 18%

13


Unit: K pcs

32-bit MCU Shipments

6,116

2,930

132 175 274 273 337

1,093 1,129 1,267 1,218

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

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/Q1 32-bit MCU shipments: 5,949K (4%) (YOY +370%)

18Q1：YOY + 370%；QOQ - 3%

14


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

28,566

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/Q1 Touch MCU shipments: 29KK (20%) (YOY +3%)

18Q1：YOY + 3%；QOQ - 25%

15


E-Banking

1% Health Care

11%

Home Appliance

43%

Industrial

Control15%

Others

12%

PC Peripheral

9%

Security

6%

Toy &

Educational3%

Holtek Applications-18Q1 YOY E-Banking

2% Health Care

10%

Home Appliance

40%

Industrial

Control18%

Others

14%

PC Peripheral

7%

Security

7%

Toy &

Educational2%

2018/Q1

2017/Q1

2018/Q1 total sales: NT$ 1,086million(YOY -0.1%)

2017/Q1 total sales: NT 1,086million

16


E-Banking

3%Health Care

10%

Home Appliance

39%

Industrial

Control14%

Others

17%

PC Peripheral

8%

Security

7%

Toy &

Educational2%

Holtek Applications-18Q1 QOQ E-Banking

2% Health Care

10%

Home Appliance

40%

Industrial

Control18%

Others

14%

PC Peripheral

7%

Security

7%

Toy &

Educational2%

2018/Q1

2017/Q4

2018/Q1 total sales: NT$ 1,086million(QOQ -13.1% )

2017/Q4 total sales: NT$ 1,249million

17


Holtek is a sincere and trustworthy partner that

you can rely upon for your long term

investment.

HOLTEK SEMICONDUCTOR INC.

18

Holtek Semiconductor Inc....1% Health Care 11% Home Appliance 43% Industrial Control 15% Others 12%...

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