E L A N M i c r o e l e c t r o n i c s C o r p o r a t i o n

義隆 Smart-InputTM SolutionsDual Transformation through AI

藉由AI實現企業轉型

2021/12/02

統一證券法人座談會

9,488 2,206 3,539 4,70815,100 4,647 4,156 5,036

產品線業績比例 (合併營收)

營業額:新台幣百萬元

•觸控產品: 觸控螢幕晶片, 觸控板, 生物辨識晶片•非觸控產品: 微控制器, 指向裝置, 關係企業產品

4,974

2021年第1季 % 2021年第2季 % 2021年第3季 % 2021年第1~3季 %

營業收入淨額 4,156 100.0 5,036 100.0 4,974 100.0 14,166 100.0

營業毛利 1,993 48.0 2,528 50.2 2,539 51.0 7,060 49.8

銷售費用 153 3.7 165 3.3 145 2.9 463 3.3

管理費用 116 2.8 134 2.7 138 2.8 388 2.7

研發費用 532 12.8 561 11.1 584 11.7 1,677 11.8

營業費用 801 19.3 860 17.1 867 17.4 2,528 17.8

營業淨利 1,192 28.7 1,668 33.1 1,672 33.6 4,532 32.0

業外收入及支出 130 3.1 - - 9 0.2 139 1.0

稅前淨利 1,322 31.8 1,668 33.1 1,681 33.8 4,671 33.0

稅後淨利 1,083 26.1 1,302 25.9 1,338 26.9 3,723 26.3

本期淨利歸屬於

母公司業主 1,100 1,320 1,362 3,782

非控制權益 (17) (18) (24) (59)

* 每股盈餘 (元) 3.77 4.53 4.70 13.00

合併損益表 - 2021年第1季~第3季

單位:新台幣佰萬元

* 期末發行股數: 3.04億股；流通在外股數: 2.85億股 (2021年9月底)、2.914億股 (2021年3月底 & 6月底)* 財務資料來源: 會計師核閱

基於目前對未來營運展望之假設，義隆公司預期：

★合併營收約介於新台幣41億到43億之間

★ 銷貨毛利率約介於百分之50到百分之53之間

★ 營業利益率約介於百分之29.4到百分之33.4之間

2021年第4季業績展望

• 簡報內所含之前瞻性敘述將受各項風險與不確定因子影響而與本公司之表示有所差異。• 除受法令要求外，本公司並無義務於日後情況變動時更新簡報內所為之前瞻性敘述。

單位: 新台幣元

股利發放比例

合計 現金 股票

2020 11.14 9.00 9.00 0.00 80.8

2019 8.57 6.50 6.50 0.00 75.8

2018 5.35 5.00 5.00 0.00 93.5

2017 2.58 2.58 2.58 0.00 100

2016 1.57 1.57 1.57 0.00 100

2015 1.98 2.03 2.03 0.00 102.6

2014 3.61 3.66 3.66 0.00 101.3

2013 3.8 3.53 3.53 0.00 92.9

2012 3.02 3.00 3.00 0.00 99.5

每股盈餘股利

發放比例 (%)年

9.3%

15.1%

22.3%

34.9%

38.5%

0.0%

20.0%

40.0%

-

8,000

16,000

2016 2017 2018 2019 2020

NT$M

ROE TrendSales (LH) ROE (RH)

股東權益報酬率持續攀升

41.3%44.6% 45.6% 46.5% 46.7%

11.5%

18.0%20.0%

21.9%

27.9%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

-

8,000

16,000

2016 2017 2018 2019 2020

NT$ M, Shipment in M unit Profitability TrendSales GM OPM

161 165 164 161 207

Global NB shipments

Note: Financial data are on consolidated basis.

義隆營運績效卓越 超越筆電市場平均成長率

2017 2018 2019 2020 2021FELAN Rev YoY 14% 15% 10% 59% Outgrow marketGlobal NB Shipment YoY 2% -1% -2% 29% >13%

• 2018~2020 Revenue CAGR=32%

• Global NB shipments in 2021 are expected to be 235M units.

Win 8 Upgrade to Win 10 Take 3 Years ; Win 10 To Win 11 is 6 Years

Windows 11因硬體需求將帶動換機潮

Windows 11 is 1st Windows OS with Haptic Software Built-in

Windows 11 Touchpad UI 將提高 Smart-HapticPadTM的搭載率

New Touchpad UI/Features:

- Global on/off toggle switch

- Haptic feedback intensity slider

Adjustable Haptic Feedback Intensity

Touchpad feedbackGet tactile signals when you use your touchpad

Intensity

Film sensor

PCBa

Piezo

Bracket

Cover

Adhesive

Sponge

Adhesive

Sponge

Protect film

Cover

Adhesive

Film sensor

PCBa

Isolation pad

LRA

Adhesive

Bracket

Conductive tape

Stack up

義隆壓感觸控板解決方案

Win 11 在觸控螢幕上導入3指/4指手勢

Window11：導入手機應用程式以提升筆記型電腦更完善的用戶體驗

Gesture Controls

Personalization Frictionless IntuitiveProductivity

Pen Updates

Snap Layout/Docking

Multiple Desktop

Android APP

Build-in Teams

Widget

Dark Mode

微軟 Windows 11 新一代 MPP (帶有壓感的觸控筆)

Windows 11 硬體規格更新

Haptic Pen with different vibration feedback(click, write, edit, sketch)

New Hardware Update:

- AMD/Intel/Qualcomm

MPP Next

USB 4

OLED & Mini OLED

Touch & Voice

LTE5G (EDU)HDR Display

DirectX 12 & Direct Storage

RTC Experiences

Wi-Fi 6e

Windows 11 Level 2 安全要求

Year Windows 11 L2 Security Requirement: Fingerprint Module must Support Match-on-Chip (MOC)

CY2021 L2 required for Commercial Modern Devices and Featured Devices

CY2022

L2 required for Commercial Modern Devices and Featured Devices Plus

- L2 required on all Back-to-school 2022 consumer Featured Devices that meet the supported hardware configuration*

- L2 required on all Holiday 2022 (SV2) consumer and Commercial Devices that meet the supported hardware configuration*

CY2023 L2 required for all consumer and commercial devices

*AMD RyzenTM 5/ Intel Core i5 / Qualcomm Snapdragon 8CX and above, 8GB+ Ram, 664 GB + SSD

Commercial: required on devices launched from 2022/1Consumer: required on devices launched from 2022/4

Surface Pro 8

指紋辨識模組必須支援Match-on-Chip (MOC)

HTC VIVE Focus 3 Hand Gesture

義隆人機介面解決方案導入元宇宙 (Metaverse)

現有產品2022業績的成長動能

1. Fingerprint Reader: • NB帶指紋滲透率提高: 38% ->45%(F)• 義隆市場佔比提升: 24% ->35% (F)• 辨識的Win 11 Security-Bio Level 2提高MOC的搭載率• Keycap高附加價值的方案使平均單價上揚

2. Touchpad: • 商用型筆電市場佔比增長: 35% ->45%(F)• NB Display從16:9演變為16:10, 大尺寸的Touchpad ASP將提高• Win 11 UI提高 Smart-HapticPadTM 搭載率持續帶動平均單價上揚

3. Pointstick: • 新功能發酵帶動平均單價上揚

4. Touchscreen:• Win 11 Android APP提高NB Smart-TouchscreenTM 的搭載率: 28% ->33% (F)• MPP Next & USI 2.0帶筆規格提升使平均單價上揚

* 簡報內所含之前瞻性敘述將受各項風險與不確定因子影響而與本公司之表示有所差異。* 除受法令要求外，本公司並無義務於日後情況變動時更新簡報內所為之前瞻性敘述。

市占率及滲透率持續增長 & 模組功能增加帶動平均單價上揚

義隆的競爭優勢

與全球知名作業系統/平台/規

格制定者策略聯盟

與上下游合作夥伴維持緊密

關係

絕佳的服務與產品解決方案 快速應變能力

核心能力– 感測/ 演算法

/ AI人工智慧

NB

●Touchpad module

●Touchscreen controller IC

●Fingerprint module

●Pointstick module

◆LTDI (In-cell)

◆MiniLED backlight control

Mobile

◆Foldable AMOLED touchscreen IC

◆Fingerprint module

●TDDI

Consumer

●MCU

◆MiniLED backlight control IC

Smart Card/ Security Access

◆Fingerprint solution

● MP◆ Design in or pilot run in 2021~2022

Non-NB revenue contribution is ~10% nowELAN targets non-NB revenue contribution to be 15~20% in 2022

義隆產品布局朝向多種應用領域

Multi-Finger Touchscreen ICMarket Share: WW#1

Multi-Finger Touchpad Market Share: WW#1

Fingerprint Market Share: WW#2

LTDI

Trackpad Lighting-Pad ID-Pad

PointStick Market Share: WW#1

Pointing Stick Generations

NB Market Growth207M in 2020 ->235M in 2021

Consumer & Commercial Percentage65% & 35%

Haptic-Pad

MOH (Encryption)MOC (Secure Bio)

FP Keycap

義隆電子智慧裝置解決方案在筆記型電腦的應用

Fingerprint

• KeyCap solution• Higher security

level (MOC, anti-spoof)

Touchpad

• Haptic pad• Lighting pad• Full-deck pad

Touchscreen

• In-cell LTDI• Pen-supporting

TSC solution

Pointstick

• New features, incl. lighting, etc.

-

10

2017 2018 2019 2020 2021(F)

US$ ASP Contribution per NB

ASP Drivers:

義隆筆電產品產值逐年提高

20%

28%

37% 38%

0%

20%

40%

60%

80%

100%

0

40

80

2018 2019 2020 2021(F)

Unit in Millions

Global Shipment w/FP (incl. Apple) ELAN Shipment Penetration Rate Market Share

Source: TrendForce, TRI, NB Players, ELAN

指紋辨識成長動能資安意識抬頭使筆電搭載指紋辨識率提高

ASP

Smart-IDTM PadTouchpad

筆電指紋樣式

FP IC

Adhesive

Plastic

FPC

Coating

Adhesive

SUS

Soldering

Underfill

Holder

Glass

RFPCUnderfill

Glue

Glue

FP Sensor 515RC

$2.X ~ >$10

0%

50%

100%

0

50

100

150

2015 2016 2017 2018 2019 2020 2021(F)

Unit in Millions

ELAN Shipment Market Share

Source: TrendForce, TRI, NB Players, ELAN

觸控板成長動能商用機款佔有率增長

3:2

3:2

Pen supporting touchpad

Motor

PCB

Adhesive

Glass

Conductive tape

Force sensing

Haptic

Haptic touchpad

Bracket

Light Guide

Glass / Mylar

PCBA

Lighting Pad Solution

• Haptic solutions are adopted by 4 of top 5 NB. • Product shipments are expected to start from 21’E.

高價發亮/壓感觸控板帶動平均單價上揚

Source: TrendForce, TRI, NB Players, ELAN

0%

25%

50%

75%

100%

0

10

20

2015 2016 2017 2018 2019 2020 2021(F)

Unit in Millions

Global Shipment ELAN Shipment Market Share

指向裝置成長動能市場佔有率提高/新功能帶動平均單價上揚

14% 14%17% 17%

21%

28% 28%

0%

25%

50%

75%

100%

0

20

40

2015 2016 2017 2018 2019 2020 2021(F)

Unit in Millions

ELAN Shipment Market Share Penetration Rate

Source: TrendForce, TRI, NB Players, ELAN

KOBO ELIPSA

觸控螢幕成長動能搭載率提高

觸控螢幕成長動能

Stack UpOut-Cell/On-CellIn-Cell

ProtocolMPP1.51/2.0/2.5AES1.0/WGP/USI1.0

DisplayLCD/R.OLED/F.OLED /EPD

Pen across Multiple Device

觸控筆功能帶動價值提升

資料來源: 義隆

-

3.00

-

3,000

2019 2020 2021(F)

US$NT$ M

Touch Revenue & Pricing

Touch revenue Touch w/ pen ASP Touch IC ASP

Add-on touch

GFF OGS Metal mesh: + pen

AMOLED a-Si TFT LCD LTPS TFT LCD

Mid-range High-end

Embedded touch

In-cell LCD

a-Si TFT LCDIn-cell LTPS LCD

On-cell AMOLEDOn-cell: w/o cover glass

Entry or education Mid-range High-end

Note

book P

C

More Windows and fewer Chrome modelsWindows and

ChromeWindows: Active pen preferred More Chromebooks

On-cell: w/ CG

Mostly convertible form

factor

Out-cell On-cell In-cell

ASP

筆電觸控技術升級: 外掛式 → On-cell內嵌式 → In-cell內嵌式複製手機觸控升級趨勢

ELAN TDIC x X

In-Cell

TCON Touchscreen IC

eDP from System USB to System

Display Touch

In-Cell Panel IC Demand – 4~8 pcs

• Touchscreen IC x1

• (Source + Touch IC ) x3~6

• Level Shifter x1

Out-cell Panel IC Demand – 1 pcs

• Touchscreen IC x1

SDIC

Out-Cell

TCON

eDP from System USB to System

DisplayTouch Sensor Overlay

Touchscreen IC(daughter board) Content

value 3~6X more

內嵌式觸控IC需求跳升

義隆的LTDI方案是市場第一個支援微軟 MPP2.5 及 Wacom WGP 雙協定的產品

義隆電子 LTDI領先國內同業通過 Microsoft 認證

Windows HLK certificate (Touch) Windows PHCK certificate (Pen)

義隆電子 LTDI方案領先全球通過 WGP Wacom Level 1 認證

ELAN Microelectronics Corporation

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