2018/Q3 Operating Results
Holtek Semiconductor Inc.
Professional MCU IC Provider
2018/Q3 Operating Results
2018/10/29
1
2018/Q3 Operating Results
Yearly Operating Results NT$ Million
3,894 3,931 3,968
4,615
4,158
3,675
801792745 807 784926
48.5%49.1%46.8%
49.4%47.9%
46.3%
0
1,000
2,000
3,000
4,000
5,000
2013 2014 2015 2016 2017 2018/1~9
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
Sales Income after tax and minority interest Gross Margin%
2
2018/Q3 Operating Results
Operation & Financial Structure
2013 2014 2015 2016 2017 2018/1~9
224,941 226,168 226,168 226,168 226,168 226,168
3.32 3.50 3.57 3.47 4.10 3.54
3.30 3.50 3.57 3.50 4.10 N/A
- - - - - N/A
20% 20% 20% 20% 23% 20%
17.62 17.86 17.81 17.53 18.00 17.62
11.43 11.64 11.20 11.82 11.88 10.83
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$)
3
2018/Q3 Operating Results
Quarterly Results
1,071
1,0941,1251,085
908
1,249
1,086 1,155
878
1,0141,040
1,0861,036
1,330
1,259
168
226276
237185207220 228
207207161
220 202
312 262
48.9%47.9%48.1%45.4%45.8%
47.7%48.6%48.9% 48.1%49.1%
48.6%49.9% 49.6%
49.7%
49.4%
0
200
400
600
800
1,000
1,200
1,400
15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
Sales Income after tax and minority interest Gross Margin%
4
NT$ million
2018/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Income Statements-2018/Q3
NT$ K
2018/Q3 2017/Q3 2018/Q2 YOY QOQ
Amount % Amount % Amount % % %
Sales 1,258,959 100.0 1,124,736 100.0 1,329,873 100.0 11.9 (5.3)
Cost of Sales 637,590 50.6 586,710 52.2 661,673 49.8 8.7 (3.6)
Gross Profit 621,369 49.4 538,026 47.8 668,200 50.2 15.5 (7.0)
Unrealized Gross Profit (249) - (3,339) (0.3) 7,033 - - -
Realized Gross Profit 621,618 49.4 541,365 48.1 661,167 49.7 14.8 (6.0)
Operating Expenses 328,668 26.1 312,372 27.8 336,148 25.3 5.2 (2.2)
Operating Income 292,950 23.3 228,993 20.4 325,019 24.4 27.9 (9.9)
Non-Operating Income (Net) 11,304 0.9 46,667 4.1 38,464 2.9 - -
Income Before Tax 304,254 24.2 275,660 24.5 363,483 27.3 10.4 (16.3)
Tax/Minority Interest 41,907 3.4 38,945 3.5 51,051 3.8 7.6 (17.9)
Net Income 262,347 20.8 236,715 21.0 312,432 23.5 10.8 (16.0)
EPS 1.16 1.05 1.38
5
2018/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Income Statements-2018/1~9
NT$ K
2018/1~9 2017/1~9 YOY
Amount % Amount % %
Sales 3,674,533 100.0 3,365,661 100.0 9.2
Cost of Sales 1,847,975 50.3 1,781,204 52.9 3.7
Gross Profit 1,826,558 49.7 1,584,457 47.1 15.3
Unrealized Gross Profit 12,588 0.4 20,878 0.6 -
Realized Gross Profit 1,813,970 49.3 1,563,579 46.5 16.0
Operating Expenses 967,088 26.3 900,947 26.8 7.3
Operating Income 846,882 23.0 662,632 19.7 27.8
Non-Operating Income (Net) 82,924 2.3 92,882 2.7 -
Income Before Tax 929,806 25.3 755,514 22.4 23.1
Tax/ Minority Interest 129,221 3.5 105,429 3.1 22.6
Net Income 800,585 21.8 650,085 19.3 23.2
EPS 3.54 2.87
6
2018/Q3 Operating Results
NT$ K 2018.09.30 2017.09.30 2017.12.31
Assets Amount % Amount % Amount %
Current Assets:
Cash and Cash Equivalents 1,291,740 25 1,347,655 27 1,391,728 26
Bond Funds 532,170 10 633,924 13 582,902 11
Notes and Accounts Receivable 123,632 2 110,119 2 115,164 2
Receivables from Related Companies 752,498 14 709,678 14 755,407 14
Inventories 689,560 13 651,112 13 594,589 11
Other Financial Assets - Current 624,629 12 332,271 7 711,632 13
Other Current Assets 32,662 1 34,017 1 27,632 1
4,046,891 77 3,818,776 77 4,179,054 78
Non-Current Assets:
Financial Assets at Fair Value through Profit or
Loss 321,041 6 - - - -
Investment by Cost Method - - 259,446 5 259,446 5
Investment by Equity Method 421,851 8 392,790 8 419,129 8
Properties 395,707 7 423,444 8 414,729 8
Income Tax Assets 48,826 1 41,080 1 49,503 1
Other Non-current Assets 56,297 1 46,195 1 42,409 -
1,233,722 23 1,162,955 23 1,185,216 22
Total Assets 5,280,613 100 4,981,731 100 5,364,270 100
Holtek Semiconductor Inc. Consolidated Balance Sheets
7
2018/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Balance Sheets
NT$ K
2018.09.30 2017.09.30 2017.12.31
Amount % Amount % Amount %
Liabilities
Current Liabilities:
Notes payable 147,940 3 109,405 2 146,854 3
Accounts Payable 516,422 10 510,080 10 454,078 8
Accrued Salaries 249,621 5 220,979 5 276,046 5
Current Income Tax
Payable 85,302 2 63,457 1 85,271 2
Other Current Liabilities 82,121 1 85,137 2 106,539 2
1,081,406 21 989,058 20 1,068,788 20
Non-current Liabilities:
Income Tax Liabilities 109,312 2 95,146 2 114,988 2
Net defined benefit liability 71,709 1 68,233 2 72,938 1
Deposits Received 8,705 - 8,718 - 8,710 -
189,726 3 172,097 4 196,636 3
Total Liabilities 1,271,132 24 1,161,155 24 1,265,424 23
8
2018/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K
2018.09.30 2017.09.30 2017.12.31
Stockholders' Equity Amount % Amount % Amount %
Shareholders' Equity Attributed to Parent Company:
Common Stock 2,261,682 43 2,261,682 45 2,261,682 42
Capital Surplus 142,309 3 142,309 3 142,309 3
Reserve 1,572,299 30 1,427,174 29 1,699,004 32
Other Adjustments 9,841 - (35,325) (1) (31,756) (1)
Total Shareholders' Equity Attributed to
Parent Company 3,986,131 76 3,795,840 76 4,071,239 76
Minority Interest 23,350 - 24,736 - 27,607 1
Total Shareholders' Equity 4,009,481 76 3,820,576 76 4,098,846 77
Total Liabilities & Shareholders' Equity 5,280,613 100 4,981,731 100 5,364,270 100
9
盛群半導體 107年第一季法人說明會 2018/Q3 Operating Results
Unit: NT$ million, %
Holtek Worldwide Sales-3Q18 YOY
2018/Q3 total sales: NT$ 1,259million (YOY + 11.9%)
2018/Q3
2017/Q3 total sales: NT$ 1,125million
2017/Q3
82073%
17415%
13112%
Taiwan
International
China/ HK
10
97077%
(+ 18%)
18214%
(+ 5%)
1079%
(- 18%)
Taiwan
International
China/ HK
盛群半導體 107年第一季法人說明會 2018/Q3 Operating Results
Unit: NT$ million, %
2018/Q3
97077%
(- 8%)
18214%
(+ 19%)
1079%
(- 11%)
Taiwan
International
China/ HK
Holtek Worldwide Sales-3Q18 QOQ 2018/Q2
2018/Q2 total sales: NT$ 1,330million
11
1,05779%
15312%
1209%
Taiwan
International
China/ HK
2018/Q3 total sales: NT$ 1,259million (QOQ - 5.3%)
2018/Q3 Operating Results
Holtek Worldwide Sales-2018/1~9 YOY
Unit: NT$ million, %
12
2,80676%
(+ 15%)
50014%
(- 8%)
36910%
(- 5%)International
China/ HK
Taiwan
2018/1~9
2018/1~9 total sales: NT$ 3,675 million (YOY + 9.2%)
2,43572%
54516%
38612%
International
China/ HK
2017/1~9
2017/1~9 total sales: NT$ 3,366 million
Taiwan
2018/Q3 Operating Results
Total MCU IC Sales NT$ million
614730
691757
635
772 765 793 782
839 824
954
803
1,017965
70%
70%
68%
73%70% 70%
71% 73%
70% 73% 73%
76% 74% 76% 76%
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 18Q2 18Q3
Total MCU IC Percentage
2015 MCU sales: NT$2,791million (70% of total sales) (YOY +2%)
2016 MCU sales: NT$2,966million (71% of total sales) (YOY +6%)
2017 MCU sales: NT$3,399million (74% of total sales) (YOY +15%)
2018/1~9 MCU sales: NT$2,785million (76% of total sales) (YOY +14%)
13
18Q3: YOY + 17%;QOQ - 5%
2018/Q3 Operating Results
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
185,039 175,478
0
40,000
80,000
120,000
160,000
200,000
15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3 17Q4 18Q1 18Q2 18Q3
2015 MCU shipments: 465KKpcs (YOY +0%)
2016 MCU shipments: 516KKpcs (YOY +11%)
2017 MCU shipments: 625KKpcs (YOY +21%)
2018/1~9 MCU shipments: 504KKpcs (YOY +12%)
18Q3: YOY + 17%;QOQ -5%
14
2018/Q3 Operating Results
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
127,579 123,424
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
Unit: K pcs
2015 Flash MCU shipments: 156KK (34%) (YOY +23%)
2016 Flash MCU shipments: 245KK (47%) (YOY +57%)
2017 Flash MCU shipments: 380KK (61%) (YOY +55%)
2018/1~9 Flash MCU shipments: 343KK (68%) (YOY +29%)
15
18Q3:YOY +33%;QOQ -3%
2018/Q3 Operating Results
Unit: K pcs
32-bit MCU Shipments
2,9312,841
6,116
2,930
132 175 274 273 337
1,0931,129 1,2671,218
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
18Q2
18Q3
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%)
2018/1~9 32-bit MCU shipments: 11,721K (2%) (YOY +116%)
16
18Q3:YOY + 0%;QOQ + 3%
2018/Q3 Operating Results
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
28,565
32,870
36,464
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2015 Touch MCU shipments: 67KK (14%) (YOY +18%)
2016 Touch MCU shipments: 90KK (17%) (YOY +34%)
2017 Touch MCU shipments: 124KK (20%) (YOY +38%)
2018/1~9 Touch MCU shipments: 98KK (19%) (YOY +13%)
17
18Q3:YOY +36%;QOQ +11%
2018/Q3 Operating Results
Holtek Applications-3Q18 YOY
18
E-Banking
2%Health Care
12%
Home Appliance
39%
Industrial
Control15%
Others
15%
PC Peripheral
7%
Security
8%
Toy &
Educational2%
2017/Q3
E-Banking
1%Health Care
12%
Home Appliance
38%
Industrial
Control18%
Others
15%
PC Peripheral
8%
Security
5%
Toy &
Educational3%
2018/Q3
2017/Q3 total sales: NT$ 1,125million
2018/Q3 total sales: NT$ 1,259million(YOY +11.9%)
2018/Q3 Operating Results
Holtek Applications-3Q18 QOQ
19
E-Banking
1%Health Care
12%
Home Appliance
38%
Industrial
Control18%
Others
15%
PC Peripheral
8%
Security
5%
Toy &
Educational3%
2018/Q3 E-Banking
2%Health Care
11%
Home Appliance
38%
Industrial
Control21%
Others
15%
PC Peripheral
6%
Security
5%
Toy &
Educational2%
2018/Q2
2018/Q2 total sales: NT$ 1,330million
2018/Q3 total sales: NT$ 1,259million(QOQ -5.3%)
2018/Q3 Operating Results
Holtek Applications-2018/1~9
20
E-Banking
2%Health Care
11%
Home Appliance
38%
Industrial
Control19%
Others
15%
PC Peripheral
7%
Security
6%
Toy &
Educational2%
E-Banking
2%Health Care
12%
Home Appliance
42%
Industrial
Control14%
Others
13%
PC Peripheral
7%
Security
7%
Toy &
Educational3%
2017/1~9
2018/1~9
2018/1~9 total sales: NT$ 3,675million(YOY +9.2%)
2017/1~9 total sales: NT$ 3,366million
2018/Q3 Operating Results
32-bit
MCUs
Wireless
Motor
Control
Security
& Safety
Home
Appliances
Touch
Products
Health &
Measurement Power
Management
Display
& Audio
3 ITEMS
HOLTEK 2018
NEW PRODUCTS
TOTAL 39 ITEMS
21
3 ITEMS 3 ITEMS
5 ITEMS
5 ITEMS
4 ITEMS 4 ITEMS
4 ITEMS
8 ITEMS
2018/Q3 Operating Results
Holtek is a sincere and trustworthy partner that
you can rely upon for your long term
investment.
HOLTEK SEMICONDUCTOR INC.
22