thermal technology &financial information
TRANSCRIPT
RoHS Compliance !ISO 14001
OHSAS 1800 Apr.07, 2020
Thermal Technology
& Financial Information
1
Agenda
• Thermal Technology and Product
Dr. Chen
• Financial Information Sidney Yen
2
Agenda
• Thermal Technology and Product
Dr. Chen
3
Company Revenue
million
(USD$)
4
COVID -19 Alternative Business Opportunities
Due to the epidemic, many companies have begun working from home,
so the demand for home appliances has recently increased strongly.
At the same time, otaku economy has become the rage now.
5
COVID -19 Alternative Business Opportunities
AI applications
Cloud services
5G internet
connection
Core Technologies for Cloud Server / AI Chips / Data Center / Network Thermal Solutions
5G
Internet connection
IoT Data CenterCentral OfficeEdge
Work
everywhere!
AI applications
Auras
Ready
Cloud services
Taiwan HeadquartersSince:1999
Location:Taipei
Area:3,375 M2
Employees:200
KS, East China Factory
Since:2003
Location:Kun Shan
Area:17,800 M2
Employees:1,000
Capacity:6KK pcs/M
GZ, South China Factory
Since:2007Location:Guang Zhou
Area:55,000 M2
Employees:3,500
Capacity:Module : 6KK pcs/MHP : 5KK/MVC : 10KK/M
CQ, West China Factory
Since:2012Location:Chong Qing
Area:10,100 M2
Employees:1,000
Capacity:Module : 2KK pcs/MHP : 5KK pcs/M
HF, East China Factory
Since:2013
Location:He Fei
Area:8,000 M2
Employees:150
Capacity:1KK pcs/M
7
Global Manufacturing Sites
8
Our Clients
9
Big Data→Big business – IBM
102000 2004 2008 2010 2012 2014 2016 2018 2020
10nm
14nm
32nm
45nm
185nm
(Year)
130nm
90nm
65nm
Cascades
Pentium III Xeon 90030.8W
PrestoniaXeon 3.0685W
NoconaXeon 3.6103W
WoodcrestXeon 5160
80W
WolfdaleXeon X527080W
WestmereXeon E7-8870
130W
Skylake165W
Knights Landing215-260W
TylersburgXeon X5680130W
Sandy BridgeXeon E5-2690135W
Ivy BridgeXeon E7-8895 v2155W
Haswell
Xeon E7-8895 v3175W
Broadwell
Xeon E7-8890 v4165W
22nm
Cascadelake
205-255W
Icelake230-300W
305
140-250WCooper lake
255
205
155
105
300W
Intel Server CPU Evolution
Handheld
Devices>1 billion sets
IoT>10 billion sets
PC>100 million
11
Process Technology Brings ApplicationInnovation
12
Main Server Client / The % Change on Client’s Order /Demand Stands for Global Order / Demand
2018
3Q
2018
4Q
2019
1Q
2019
2Q
2019
3Q
2019
4Q
Facebook 7.6% 7.7% 11.4% 11.0% 12.6% 16.1%
Dell 14.0% 15.2% 15.0% 14.0% 12.1% 12.4%
HPE 11.6% 12.4% 12.1% 11.3% 10.8% 10%
Super micro 10.2% 8.2% 7.5% 7.9% 9.3% 8%
Amazon 7.8% 8.9% 10.8% 10.5% 8.4% 6.3%
Google 6.1% 5.9% 4.9% 5.6% 6.8% 5.9%
Inspur 5.9% 6.9% 4.3% 5.7% 6.6% 7.4%
Lenovo 4.1% 4.2% 4.1% 4.0% 4.7% 5.0%
Microsoft 7.1% 5.3% 4.6% 4.6% 4.0% 4.8%
Others 25.6% 25.2% 25.2% 25.4% 24.8% 24.3%
52.8 %
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U-shape technology (AI chips) US patent obtained (2018)
Core Technologies for Cloud Server / AI Chips / Data Center / Network Thermal Solutions
Intel NB CPU Evolution
125W
60W
Turbo
60W
125W
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Core Technologies for Notebook / Gaming Thermal Solutions
Powerful VC Thermal Solutionfor 45+90W Power Consumption
Heat Pipe Thermal Solutionfor 15+25W Power Consumption
Turbo-Boost NG! Turbo-Boost OK!
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Core Technologies for Notebook / Gaming Thermal Solutions
Powerful VC + HP Thermal Solutionfor 125+200W Power Consumption
Multi Heat Pipe Thermal Solutionfor 100+150W Power Consumption
Turbo-Boost NG! Turbo-Boost OK!
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Main NB Client / The % Change on Client’s Order /Demand Stands for Global Order / Demand
2019 2019 2019
2Q 3Q 4Q
HP 24.9% 27.9% 28.3%
Dell 17.2% 17.1% 17.2%
Lenovo 23.9% 21.1% 20.7%
Apple 8.5% 9.1% 7.5%
Asus 6.2% 7.6% 8.0%
Acer 8.4% 7.5% 6.7%
Huawei 2.4% 1.4% 2.7%
Samsung 1.8% 2.0% 2.0%
Toshiba 0.6% 0.6% 0.6%
Microsoft 0.3% 0.4% 0.5%
Xiaomi 1.3% 0.8% 1.1%
VAIO 0.1% 0.1% 0.1%
Others 4.5% 4.6% 4.6%
93.1 %
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Huge demand for 5G cellphone thermal solutions!
Market Trend-5G
Today
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� Slim Heat Pipe vs. slim VCHeat pipe / VC5,000 / 8,000 W/moC
Heat conductiontemperature profile of VC
Heat conductiontemperature profile of Heat pipe
APAP
AP heat is conducted downwards
in x direction!
x y
x
AP heat is conducted
in x/y multiple directions!
High Density Heat Flux Smartphone Solutions
vs. Graphite -- conductivityvs. 1000 W/moC
Smartphone Slim VC MPin 2018
Smartphone Slim Heat Pipe MPin 2016
� Slim pipe vs. VC
Thermal Product for Smartphone
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& 2019
2019 2019 2019
2Q 3Q 4QSamsung 24.1% 22.1% 18.1%
Apple 12.0% 13.2% 18.7%
Huawei 16.1% 17.8% 13.7%
Oppo 9.4% 8.0% 7.8%
Xiaomi 9.1% 8.1% 8.0%
Vivo 8.5% 7.4% 7.0%
Transsion 2.8% 2.4% 2.8%
LG 2.7% 2.4% 2.1%
Lenovo 2.7% 2.4% 2.5%
Nokia 1.3% 0.9% 1.1%
TCL 1.0% 1.3% 1.3%
ZTE 0.9% 0.8% 0.7%
Reliance LYF 1.0% 0.4% 0.8%
Meizu 0.5% 0.3% 0.3%
Sony 0.3% 0.2% 0.3%
Coolpad 0.3% 0.1% 0.2%
HTC 0.1% 0.1% 0.1%
Asus 0.2% 0.1% 0.1%
Others 6.9% 11.7% 14.5% 21
Main Cellphone Client / The % Change on Client’s Order / Demand Stands for Global Order / Demand
54.6 %
22
5G Smartphone Perspective
� According to the latest prediction from Strategy Analystics, 5G smartphones
will take up a much larger portion of global shipments this year, growing
more than tenfold to reach 199 million shipments worldwide. This translates
to an estimated 15% of all smartphone shipments, up from just 1% in 2019.
The report also estimates that China, the United States, South Korea, Japan
and Germany will account for 90% of all 5G smartphone sales.
� According to Qualcomm 2019 forecast,5G smartphone shipment
• 2021-450 million
• 2022-750 million in production
2020/4/6 23
Auras Core Technology
24
Agenda
• Financial Information Sidney Yen
25
Safe Harbor Notice
There are variety of factors which may influence statements or
contents been drafted within this presentation, therefore we
strongly recommend audience to refer to the information
published on MOPS (Market Observation Post System)website
in case any adjustment has been made.
26
1 .2019 Financial Information
2 .Q & A
Financial Information
27
• Sales Revenue• 2019 accumulated sales revenue is 10.24 billion(NT), Growth 34% compared to Year of 2018. Due to the
increasing sale on Smartphone and Server.
• Profit• 2019 accumulated gross margin rate is 21 % compared to that of 2018’s 12%, which increased 9%, due to the
changes of product portfolio and improvements on production efficiency.
• 2019 H2 gross margin rate 22%、 2019 H1 gross margin rate 20%; Net operating profit rate 2019 H2 10% 、2019 H1 9%、profit ability continues to grow by semi-year。
2019 Financial InformationUnit: in NT$ Thousand 2019 2018 YOY YOY(%) 2019 H2 2019 H1 HOH HOH(%)
Sales Revenue 10,247,561 7,654,265 2,593,296 34% 5,582,707 4,664,854 917,853 20%
Gross Margin Rate 21% 12% 9% 75% 22% 20% 2% 10%
Operating Expenses 928,217 784,592 143,625 18% 509,596 418,621 90,975 22%
Operating Expenses Rate 9% 10% -1% -10% 9% 9% 0.2% 2%
Operating Profit Rate 12% 2% 10% 500% 13% 11% 2% 17%
Non-Operating Income (Expenses) 24,887 111,916 (87,029) -78% (1,313) 26,200 (27,513) -105%
Profits after taxes 969,071 231,505 737,566 319% 553,036 416,035 137,001 33%
Net Operating Profit Rate 10% 3% 7% 233% 10% 9% 1% 11%
Basic EPS 11.7 2.9 8.8 303% 6.6 5.1 1.56 31%
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2019 Product Portfolio and Retrospect
� 2019 Product Portfolio:
� NB/DT:Accounts for 31%
� VGA/Gaming: Accounts for 25%
� Smart Phone: Accounts for 20%
� Sever: Accounts for 18%
� 2019 Retrospect:
� Annual Sales growth rate is 34%.
� Annual Gross margin rate is 21%.
� Gross margin rate for the second half year
exceeds the first half year
NB
24%
DT
7%
VGA/Gaming
25%
Smart
Phone
20%
Server
18%
others
6%
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