Holtek Semiconductor Inc....Total Liabilities 1,287,218 24 1,450,859 25 1,294,245 24 7 2020/Q1...

2020/Q1 Operating Results

Holtek Semiconductor Inc.

Professional MCU IC Provider


2020/04/27

1


Yearly Operating ResultsNT$ Million

4,158

4,615 4,584

1,031

4,863

146

9151,064

784926

48.5%46.8% 46.2%

49.2% 49.2%

0

1,000

2,000

3,000

4,000

5,000

6,000

2016 2017 2018 2019 2020/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

2016 2017 2018 2019 2020/Q1

226,168 226,168 226,168 226,168 226,168

3.47 4.10 4.70 4.05 0.64

3.50 4.10 4.70 *4.05 N/A

- - - - N/A

20% 23% 26% 22% 4%

17.53 18.00 18.57 17.92 18.34

11.82 11.88 12.33 10.98 11.70

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 2019 cash dividends of NT$4.05 per share. It also

needs to be approved in 2020 Annual Shareholders' Meeting held on May 27, 2020.


Quarterly Results

1,086 1,155 1,125 1,249 1,086

1,330 1,259

1,188 1,038 1,205

1,121 1,221

1,031

185 228 237 276226

312262 263

203255 222 235

146

45.8%45.4% 48.1% 47.9%

48.9%

49.7%49.4%

48.8% 48.5%49.3%

50.7%

48.1%

46.2%

10%

15%

20%

25%

30%

35%

40%

45%

50%

55%

60%

0

200

400

600

800

1,000

1,200

1,400

Sales Income after tax and minority interest Gross Margin%

4

NT$ million


Holtek Semiconductor Inc.Consolidated Income Statements-2020/Q1

NT$ K

2020/Q1 2019/Q1 2019/Q4 YOY QOQ

Amount % Amount % Amount % % %

Sales 1,031,149 100.0 1,037,856 100.0 1,220,661 100.0 (0.6) (15.5)

Cost of Sales 547,126 53.1 528,642 50.9 639,653 52.4 3.5 (14.5)

Gross Profit 484,023 46.9 509,214 49.1 581,008 47.6 (4.9) (16.7)

Unrealized Gross Profit 8,098 - 5,396 - (6,400) - - -

Realized Gross Profit 475,925 46.2 503,818 48.5 587,408 48.1 (5.5) (19.0)

Operating Expenses 308,621 29.9 310,203 29.9 320,649 26.3 (0.5) (3.8)

Operating Income 167,304 16.2 193,615 18.7 266,759 21.9 (13.6) (37.3)

Non-Operating Income (Net) 8,993 0.9 41,935 4.0 16,140 1.3 - -

Income Before Tax 176,297 17.1 235,550 22.7 282,899 23.2 (25.2) (37.7)

Tax/Minority Interest 30,493 3.0 32,178 3.1 48,116 3.9 (5.2) (36.6)

Net Income 145,804 14.1 203,372 19.6 234,783 19.2 (28.3) (37.9)

EPS 0.64 0.90 1.04

5


Holtek Semiconductor Inc.Consolidated Balance Sheets NT$ K

2020.03.31 2019.03.31 2019.12.31

Assets Amount % Amount % Amount %

Current Assets：

Cash and Cash Equivalents 1,148,418 21 1,694,927 29 1,005,996 19

Bond Funds 492,277 9 568,900 10 491,203 9

Notes and Accounts Receivable 99,571 2 100,516 2 97,688 2

Receivables from Related Companies 635,771 12 633,143 11 692,373 13

Inventories 723,514 13 737,819 12 682,609 13

Other Financial Assets - Current 1,004,483 18 763,931 13 986,846 18

Other Current Assets - Others 34,924 1 29,552 - 27,575 -

4,138,958 76 4,528,788 77 3,984,290 74

Non-Current Assets：

Financial Assets at Fair Value through Profit or

Loss260,541 5 275,744 4 302,305 6

Investment by Equity Method 460,255 8 457,512 7 467,690 9

Properties 350,909 6 393,884 7 358,515 7

Right-of-use Assets 89,341 2 100,661 2 92,073 2

Deferred Income Tax Assets 89,635 2 69,706 1 87,196 1

Other Non-current Assets 73,485 1 84,690 2 81,599 1

1,324,166 24 1,382,197 23 1,389,378 26

Total Assets 5,463,124 100 5,910,985 100 5,373,668 100

6


Holtek Semiconductor Inc.Consolidated Balance Sheets

NT$ K

2020.03.31 2019.03.31 2019.12.31

Amount % Amount % Amount %

Liabilities

Current Liabilities：

Notes Payable 122,559 2 111,777 2 111,050 2

Accounts Payable 395,443 7 534,888 9 371,558 7

Accrued Salaries 221,772 4 233,597 4 268,730 5

Current Income Tax

Payable84,997 2 127,368 2 67,271 1

Other Current Liabilities 110,734 2 103,333 2 113,959 2

935,505 17 1,110,963 19 932,568 17

Non-current Liabilities：

Deferred Income Tax

Liabilities199,819 4 171,717 3 199,819 4

Lease Liabilities 70,707 1 83,380 2 73,586 1

Net Defined Benefit

Liability79,162 2 76,088 1 79,730 2

Deposits Received 2,025 - 8,711 - 8,542 -

351,713 7 339,896 6 361,677 7

Total Liabilities 1,287,218 24 1,450,859 25 1,294,245 24

7


Holtek Semiconductor Inc.Consolidated Balance Sheets NT$ K

2020.03.31 2019.03.31 2019.12.31

Equity Amount % Amount % Amount %

Equity Attributed to Parent Company：

Ordinary Share Capital 2,261,682 41 2,261,682 38 2,261,682 42

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

Retained Earnings 1,826,140 34 2,035,937 34 1,680,336 31

Other Equity (83,216) (2) (6,375) - (31,662) -

Total Equity Attributed to

Parent Company4,146,915 76 4,433,553 75 4,052,665 76

Non-controlling Interests 28,991 - 26,573 - 26,758 -

Total Equity 4,175,906 76 4,460,126 75 4,079,423 76

Total Liabilities and Equity 5,463,124 100 5,910,985 100 5,373,668 100

8

盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2020/Q1 Operating Results

Unit: NT$ million, %

75774%(-2%)

14614%

(-14%)

12812%

(+32%)

Taiwan

International

China/ HK

2020/Q1 total sales: NT$ 1,031million(YOY -0.6%)

Holtek Worldwide Sales-20Q1 YOY2020/Q1

9

77174%

17016%

9710%

Taiwan

International

China/ HK

2019/Q1 total sales: NT$ 1,038million

2019/Q1

盛群半導體 107年第一季法人說明會2018/Q1 Operating Results2020/Q1 Operating Results

Unit: NT$ million, %

Holtek Worldwide Sales-20Q1 QOQ

10

2019/Q4

94677%

14612%

12911%

Taiwan

International

China/ HK


75774%

(-20%)

14614%

(+0%)

12812%(-1%)

Taiwan

International

China/ HK

2020/Q1 total sales: NT$ 1,031million(QOQ -15.5%)

2020/Q1


Total MCU IC Sales NT$ million

782839

824

954

803

1,017 965927

785

1,017

853

953

787

72% 73% 73%

76% 74% 76% 76% 78% 76% 76% 76%78%

76%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0

200

400

600

800

1,000

17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1

Total MCU IC Percentage

2017 MCU sales: NT$3,399million (74% of total sales) (YOY +15%)

2018 MCU sales: NT$3,712million (76% of total sales) (YOY +9%)

2019 MCU sales: NT$3,510million (76% of total sales) (YOY -5%)

2020/Q1 MCU sales: NT$787million (76% of total sales) (YOY +0.3%)

11

20Q1：YOY +0.3%；QOQ -17%


Total MCU IC ShipmentsUnit: K pcs

140,666

158,562

149,857

176,039

143,758

185,039 175,478 168,569

147,295

166,155 156,212

183,161

152,569

0

40,000

80,000

120,000

160,000

200,000

240,000

17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1

2017 MCU shipments: 625KKpcs (YOY +21%)

2018 MCU shipments: 673KKpcs (YOY +8%)

2019 MCU shipments: 653KKpcs (YOY -3%)

2020/Q1 MCU shipments: 153KKpcs (YOY +4%)

20Q1：YOY +4%；QOQ -17%

12


Flash MCU Shipments

80,475

93,403 93,032

112,758

92,320

127,579

123,424 125,408

105,564

123,579 118,125

125,408

118,518

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

Unit: K pcs

2017 Flash MCU shipments: 380KK (61%) (YOY +55%)



2020/Q1 Flash MCU shipments: 119KK (78%) (YOY +12%)

13

20Q1：YOY +12%；QOQ -15%


Unit: K pcs

Touch MCU Shipments

27,791

31,742

26,899

37,903

28,565

32,870

36,552 36,782

31,033

38,195

32,583

48,534

28,807

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

2017 Touch MCU shipments: 124KK (20%) (YOY +38%)



2020/Q1 Touch MCU shipments: 29KK (19%) (YOY -7%)

14

20Q1：YOY -7%；QOQ -41%


Unit: K pcs

32-bit MCU Shipments6,450

1,267

5,719

3,597

4,602

2,9312,841

5,9496,116

2,930

1,218

5,9896,325

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3 18Q4 19Q1 19Q2 19Q3 19Q4 20Q1

2017 32-bit MCU shipments: 11,531K (2%) (YOY +307%)



2020/Q1 32-bit MCU shipments: 6,450K (4%) (YOY +79%)

15

20Q1：YOY +79%；QOQ +2%


Standalone Detectors

Safety Care Market

2018 shipments: 15KK pcs

2019 shipments: 17KK pcs (YoY +16%)

2020/Q1 shipments: 3KK pcs (YoY -0.1%)

NB-IoT Smoke Detector Solution is ready

16


Networked Fire Alarm Systems

17


Networked Emergency Lighting Systems

18


2018 Safety Care shipments: 15KK pcs (YOY +33%)

2019 Safety Care shipments: 17KK pcs (YOY +16%)

2020/Q1 Safety Care shipments: 3KK pcs (YOY -0.1%)

19

Safety Care Application Shipments Unit: K pcs


Healthcare Market2018 shipments: 34KK pcs; 2019 shipments: 40KK (YoY +19%)

2020/Q1 shipments: 13KK (YoY +61%)

HCT technology of Blood Glucose is under development

20


Unit: K pcs

Healthcare Application Shipments

2018 Healthcare shipments: 34KK pcs (YOY +9%)

2019 Healthcare shipments: 40KK pcs (YOY +19%)

2020/Q1 Healthcare shipments: 13KK pcs (YOY +61%)

21


Global Brushless DC Motors

Market 2016-2021

Sources: Technavio、IEK

22

BLDC - USD1 billion BLDC - Growth Rate (%)


Electric ToolsGarden Tools

Massage Guns Air Purifiers Electric Fans Vacuum Cleaners

BLDC Application Products

23


Motor Control Application Shipments Unit: K pcs

2018 Motor Control shipments: 6,596K pcs (YOY -1%)

2019 Motor Control shipments: 8,592K pcs (YOY +30%)

2020/Q1 Motor Control shipments: 3,383K pcs (YOY +203%)

24


Big DataInternet of Things

25

2020/Q1 Operating Results 26

BLDC

2%

Display Driver

9%

Health and

Measurement13%

Home Appliance

30%

Industrial

Control10%

Others

17%

PC Peripheral

6%

Power

Management8%

RF

1%

Security

4% 2020/Q1 total sales: NT$ 1,031million(QOQ -15.5%)

Holtek Applications-1Q20 QOQ

BLDC

1%

Display Driver

8%Health and

Measurement10%

Home Appliance

32%

Industrial

Control9%

Others

20%

PC Peripheral

7%

Power

Management8%

RF

1%

Security

4%

2019/Q4


2020/Q1


Holtek is a sincere and trustworthy partner that

you can rely upon for your long term

investment.

HOLTEK SEMICONDUCTOR INC.

27

Holtek Semiconductor Inc....Total Liabilities 1,287,218 24 1,450,859 25 1,294,245 24 7 2020/Q1...

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