Test Report of Pear G,I&SAug 12, 2016 · Industry First 30V/2A/1MHz Buck-boost MR16 LED Lighting...
Transcript of Test Report of Pear G,I&SAug 12, 2016 · Industry First 30V/2A/1MHz Buck-boost MR16 LED Lighting...
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)
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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
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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
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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
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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
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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
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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
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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
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Future Focus -Smartness/Green Power/ IOT
Silergy+
Inside
Wearable
Device
Smart Medical
Device
Robots
Intelligent
Transportation
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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
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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%
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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
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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
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• 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
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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.
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Our Edge
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Thanks!