2017/Q3 Operating Results
Holtek Semiconductor Inc.
Professional MCU IC Provider
2017/Q3 Operating Results
2017/10/30
1
2017/Q3 Operating Results
Yearly Operating Results NT$ Million
3,519 3,556
3,8943,9683,931
4,158
3,366
784
560527650
745 792 807
47.9%46.3%
49.1% 48.5%
44.0%43.3%46.5%
0
1,000
2,000
3,000
4,000
2011 2012 2013 2014 2015 2016 2017/1~9
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
Sales Income after tax and minority interest Gross Margin%
2
2017/Q3 Operating Results
Operation & Financial Structure
2013 2014 2015 2016 2017/1~9
224,941 226,168 226,168 226,168 226,168
3.32 3.50 3.57 3.47 2.87
3.30 3.50 3.57 3.50 N/A
- - - - N/A
20% 20% 20% 20% 17%
17.62 17.86 17.81 17.53 16.78
11.43 11.64 11.20 11.82 10.23
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$)
3
2017/Q3 Operating Results
Quarterly Results NT$ million
1,125
1,155
1,031
1,086
1,035
980
884
1,094
908
1,085
878
1,040
1,0711,036
1,014
237228220207165
220 207 202204 215168
207 207 185161
48.1%45.4%
49.2%47.6% 48.9% 48.1%
47.7%
47.1%49.9% 49.6%
48.6% 49.1% 48.6% 47.7% 45.8%
0
200
400
600
800
1,000
1,200
14Q1 14Q2 14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
Sales Income after tax and minority interest Gross Margin%
4
2017/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Income Statements-2017/Q3
NT$ K
5
2017/Q3 2017/Q2 2016/Q3 QOQ YOY
Amount % Amount % Amount % % %
Sales 1,124,736 100.0 1,154,619 100.0 1,071,178 100.0 (2.6) 5.0
Cost of Sales 586,710 52.2 619,335 53.6 557,046 52.0 (5.3) 5.3
Gross Profit 538,026 47.8 535,284 46.4 514,132 48.0 0.5 4.6
Unrealized Gross Profit (3,339) (0.3) 10,762 1.0 (6,007) (0.6) - -
Realized Gross Profit 541,365 48.1 524,522 45.4 520,139 48.6 3.2 4.1
Operating Expenses 312,372 27.8 303,049 26.2 299,947 28.0 3.1 4.1
Operating Income 228,993 20.4 221,473 19.2 220,192 20.6 3.4 4.0
Non-Operating Income (Net) 46,667 4.1 44,659 3.9 20,260 1.8 - -
Income Before Tax 275,660 24.5 266,132 23.1 240,452 22.4 3.6 14.6
Tax/Minority Interest 38,945 3.5 37,913 3.3 33,456 3.1 2.7 16.4
Net Income 236,715 21.0 228,219 19.8 206,996 19.3 3.7 14.4
EPS 1.05 1.01 0.92
2017/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Income Statements-2017/1~9
NT$ K
2017/1~9 2016/1~9 YOY
Amount % Amount % %
Sales 3,365,661 100.0 3,072,866 100.0 9.5
Cost of Sales 1,781,204 52.9 1,575,897 51.3 13.0
Gross Profit 1,584,457 47.1 1,496,969 48.7 5.8
Unrealized Gross Profit 20,878 0.6 (1,631) (0.1) -
Realized Gross Profit 1,563,579 46.5 1,498,600 48.8 4.3
Operating Expenses 900,947 26.8 881,353 28.7 2.2
Operating Income 662,632 19.7 617,247 20.1 7.4
Non-Operating Income (Net) 92,882 2.7 59,316 1.9 56.6
Income Before Tax 755,514 22.4 676,563 22.0 11.7
Tax/ Minority Interest 105,429 3.1 99,532 3.2 5.9
Net Income 650,085 19.3 577,031 18.8 12.7
EPS 2.87 2.55
6
2017/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Balance Sheets
NT$ K
7
2017.09.30 2016.12.31 2016.09.30
Assets Amount % Amount % Amount %
Current Assets:
Cash and Cash Equivalents 1,347,655 27 1,149,307 23 1,416,190 30
Bond Funds 633,924 13 359,245 7 404,630 9
Notes and Accounts Receivable 110,119 2 94,101 2 98,251 2
Receivables from Related Companies 709,678 14 633,458 12 598,973 13
Inventories 651,112 13 509,344 10 554,315 12
Other Financial Assets - Current 332,271 7 1,163,658 23 445,251 9
Other Current Assets 34,017 1 19,528 - 26,202 -
3,818,776 77 3,928,641 77 3,543,812 75
Non-Current Assets:
Investment by Equity Method 392,790 8 430,685 8 418,995 9
Investment by Cost Method 259,446 5 229,750 4 229,750 5
Properties 423,444 8 442,570 9 440,079 9
Income Tax Assets 41,080 1 41,080 1 42,077 1
Other Non-current Assets 46,195 1 62,041 1 71,439 1
1,162,955 23 1,206,126 23 1,202,340 25
Total Assets 4,981,731 100 5,134,767 100 4,746,152 100
2017/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K
8
2017.09.30 2016.12.31 2016.09.30
Amount % Amount % Amount %
Liabilities
Current Liabilities:
Notes payable 109,405 2 115,324 2 132,515 3
Accounts Payable 510,080 10 451,120 9 351,903 8
Accounts Payable to
Related Companies - - 465 - 2,290 -
Accrued Salaries and
Bounses 220,979 5 254,392 5 197,726 4
Cash Dividends Payable 63,457 1 63,678 1 57,682 1
Other Current Liabilities 85,137 2 92,403 2 67,370 1
989,058 20 977,382 19 809,486 17
Non-current Liabilities:
Income Tax Liabilities 95,146 2 95,146 2 84,749 2
Net defined benefit liability 68,233 2 69,574 2 70,287 1
Deposits Received 8,718 - 8,542 - 6,654 -
172,097 4 173,262 4 161,690 3
Total Liabilities 1,161,155 24 1,150,644 23 971,176 20
2017/Q3 Operating Results
Holtek Semiconductor Inc. Consolidated Balance Sheets NT$ K
9
2017.09.30 2016.12.31 2016.09.30
Stockholders' Equity Amount % Amount % Amount %
Shareholders' Equity Attributed to Parent Company:
Common Stock 2,261,682 45 2,261,682 44 2,261,682 48
Capital Surplus 142,309 3 159,281 3 159,281 3
Reserve:
Legal Reserve 750,029 15 781,525 15 781,525 17
Special Reserve 26,954 1 2,642 - 2,642 -
Unappropriated Retained Earnings 650,191 13 784,511 15 577,136 12
1,427,174 29 1,568,678 30 1,361,303 29
Translation Adjustments (35,325) (1) (24,311) - (22,965) -
Total Shareholders' Equity Attributed to
Parent Company 3,795,840 76 3,965,330 77 3,759,301 80
Minority Interest 24,736 - 18,793 - 15,675 -
Total Shareholders' Equity 3,820,576 76 3,984,123 77 3,774,976 80
Total Liabilities & Shareholders' Equity 4,981,731 100 5,134,767 100 4,746,152 100
2017/Q3 Operating Results 10
Unit: NT$ million, %
2017/Q3
82073%
(- 2%)
17415%
(- 6%)
13112%
(+ 2%)
Taiwan
International
China/ HK
2017/Q3 total sales: NT$ 1,125million(- 2.6% QOQ)
Holtek Worldwide Sales-3Q17 QOQ 2017/Q2
84173%
18516%
12911%
Taiwan
International
China/ HK
2017/Q2 total sales: NT$ 1,155million
2017/Q3 Operating Results 11
Unit: NT$ million, %
Holtek Worldwide Sales-3Q17 YOY
2017/Q3 total sales: NT$ 1,125million(+ 5.0% YOY)
2016/Q3
75771%
18717%
12712%
Taiwan
International
China/ HK
2016/Q3 total sales: NT 1,071million
2017/Q3
82073%
(+ 8%)
17415%
(- 7%)
13112%
(+ 3%)
Taiwan
International
China/ HK
2017/Q3 Operating Results
Holtek Worldwide Sales-2017/1~9 YOY
Unit: NT$ million, %
12
2016/1~9
2,43572%
(+ 11%)
54516%
(+ 4%)
38612%
(+ 8%)International
China/ HK
Taiwan
2017/1~9
2017/1~9 total sales: NT$ 3,366 million( + 9.5% YOY )
2,188
71%
526
17%
359
12%
International
China/ HK
Taiwan
2016/1~9 total sales: NT 3,073 million
2017/Q3 Operating Results
Total MCU IC Sales NT$ million
592
721 695735
614
730691
757
635
772765
793 782839 824
67%70% 71% 71% 70% 70% 68%
73%70% 70% 71% 73% 72% 73% 73%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
200
400
600
800
14Q1 14Q2 14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3
Total MCU IC Percentage
2014 MCU sales: NT$2,743million (70% of total sales) (YoY +7%)
2015 MCU sales: NT$2,791million (70% of total sales) (YoY +2%)
2016 MCU sales: NT$2,966million (71% of total sales) (YoY +6%)
2017/1~9 MCU sales: NT$2,445million (73% of total sales) (YoY +13%)
13
17Q3:QoQ - 2%;YoY + 8%
2017/Q3 Operating Results
Total MCU IC Shipments Unit: K pcs
98,624
123,157 118,599
125,787
103,334
124,592
109,918
126,663
104,417
132,798 137,646
141,238 140,666
158,562 149,857
0
40,000
80,000
120,000
160,000
14Q1 14Q2 14Q3 14Q4 15Q1 15Q2 15Q3 15Q4 16Q1 16Q2 16Q3 16Q4 17Q1 17Q2 17Q3
2014 MCU shipments: 466KKpcs (YoY +8%)
2015 MCU shipments: 465KKpcs (YoY +0%)
2016 MCU shipments: 516KKpcs (YoY +11%)
2017/1~9 MCU shipments: 449KKpcs (YoY +20%)
14
17Q3:QoQ - 5%;YoY + 9%
2017/Q3 Operating Results
Flash MCU Shipments
23,868
33,181 32,563 37,389
31,222
42,594 40,488
42,090 42,953
59,236 64,957
77,66980,475
93,403 93,032
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
Unit: K pcs
2014 Flash MCU shipments: 127KK (27%) (YoY +44%)
2015 Flash MCU shipments: 156KK (34%) (YoY +23%)
2016 Flash MCU shipments: 245KK (47%) (YoY +57%)
2017/1~9 Flash MCU shipments: 267KK (59%) (YoY +60%)
15
17Q3:QoQ – 0.4%;YoY + 43%
2017/Q3 Operating Results
Unit: K pcs
32-bit MCU Shipments
2,930
1,2181,1291,093
42 61 8955
132 175274 273
337
58
1,267
0
500
1,000
1,500
2,000
2,500
3,000
3,500
14Q1
14Q2
14Q3
14Q4
15Q1
15Q2
15Q3
15Q4
16Q1
16Q2
16Q3
16Q4
17Q1
17Q2
17Q3
2014 32-bit MCU shipments: 250K (YoY +58%)
2015 32-bit MCU shipments: 636K (YoY +154%)
2016 32-bit MCU shipments: 2,832K (YoY +345%)
2017/1~9 32-bit MCU shipments: 5,415K (YoY +218%)
16
17Q3:QoQ + 141%;YoY + 168%
2017/Q3 Operating Results
Unit: K pcs
12,517
15,026
11,943
17,866
13,530
18,439
15,536
19,218
15,518
23,237 22,642
28,272 27,791
31,742
26,899
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2014 Touch MCU shipments: 57KK (12%) (YoY +46%)
2015 Touch MCU shipments: 67KK (14%) (YoY +18%)
2016 Touch MCU shipments: 90KK (17%) (YoY +34%)
2017/1~9 Touch MCU shipments: 86KK (19%) (YoY +41%)
17
17Q3:QoQ - 15%;YoY + 19%
Touch MCU Shipments
2017/Q3 Operating Results
Holtek Applications-3Q17 QOQ
18
E-Banking
2%Health Care
12%
Home Appliance
39%
Industrial
Control15%
Others
15%
PC Peripheral
7%
Security
8%
Toy &
Educational2%
E-Banking
2%Health Care
11%
Home Appliance
43%
Industrial
Control13%
Others
13%
PC Peripheral
8%
Security
8%
Toy &
Educational2%
2017/Q2
2017/Q3
2017/Q3 Operating Results
Holtek Applications-3Q17 YOY
19
E-Banking
2%Health Care
12%
Home Appliance
39%
Industrial
Control15%
Others
15%
PC Peripheral
7%
Security
8%
Toy &
Educational2%
2017/Q3 E-Banking
4% Health Care
11%
Home Appliance
36%
Industrial
Control16%
Others
11%
PC Peripheral
11%
Security
7%
Toy &
Educational4%
2016/Q3
2017/Q3 Operating Results
Holtek Applications-2017/1~9
20
E-Banking
2%Health Care
12%
Home Appliance
42%
Industrial
Control14%
Others
13%
PC Peripheral
7%
Security
7%
Toy &
Educational3%
2017/1~9 E-Banking
6% Health Care
11%
Home Appliance
39%
Industrial
Control13%
Others
10%
PC Peripheral
11%
Security
6%
Toy &
Educational4%
2016/1~9
2017/Q3 Operating Results
HOLTEK 2017
NEW PRODUCTS
21
4 ITEMS
12 ITEMS
7 ITEMS
2 ITEMS
9 ITEMS 5 ITEMS
5 ITEMS
TOTAL 44 ITEMS
2017/Q3 Operating Results
Holtek is a sincere and trustworthy partner that
you can rely upon for your long term
investment.
HOLTEK SEMICONDUCTOR INC.
22
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