Seoul Viosys Co., Ltd. · KRX:092190

Seoul Viosys — Q3 2021 Earnings Presentation

16 slides from Seoul Viosys's earnings presentation, Nov 3, 2021

  1. Slide 1: 2021 3Q Financial Results

    2021 3Q Financial Results EARNINGS RELEASE 2021/ 3Q 2021 Nov 3rd Pls download our IR materials from the below page. 1) IR Book : (http://www.seoulviosys.com/kr/ir/data/) 2) Financial Statement : (http://dart.fss.or.kr) search code (092190) Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  2. Slide 2: Disclaimer

    Disclaimer This presentation material may contain forward-looking statements, as defined in the safe harbor provisions of KOSDAQ Disclosure Regulation. These forward-looking statements reflect Seoul Semiconductor’s current views with respect to future events and financial performance, and are subjec

  3. Slide 3: Table of Contents

    Table of Contents I. 2021 3Q Financial Results II. 2021 4Q Guidance III. Appendix 1) WICOP related patent Injunction against 13 brands 2) Condensed Financial Statement Copyright ⓒ Seoul Viosys Co., Ltd. 3 www.seoulviosys.com

  4. Slide 4: 2021 3Q Financial Results

    Ⅰ 2021 3Q Financial Results Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  5. Slide 5: Earnings _ 1) Sales and OPM

    I. 2021 3Q Earnings _ 1) Sales and OPM Sales increased +8.2% YoY UV: Expanding M/S to strengthen dominant presence Sales Unit: Bn KRW, % Profit Unit: % UV OPM WICOP EBITDA margin Others YoY +8.2% YoY -0.8ppt 131.2 130.6 120.7 120.7 121.8 22.2% 15.9 15.7 20.1% 20.2% 15.5 19.4% 20.5 21.7 18.5% 26.8 36

  6. Slide 6: Earnings _ 2) Product Mix

    I. 2021 3Q Earnings _ 2) Product Mix ETC which includes Mini and Micro LED leads growth (unit: krw bn) +25.6 - 4.8 - 10.9 130.6 120.7 2020.3Q ETC UV WICOP 2021.3Q Copyright ⓒ Seoul Viosys Co., Ltd. 6 www.seoulviosys.com

  7. Slide 7: Earnings _ 3) R&D investment & Expense

    I. 2021 3Q Earnings _ 3) R&D investment & Expense Maintained R&D investment and SG&A levels R&D investments unit: krw bn, % Expense unit: krw bn, % % of R&D Investments to Sales SG&A R&D Investments Depreciation % of SG&A to Sales 8.8% 8.3% 12.0% 11.9% 7.0% 10.8% 10.8% 6.3% 10.1% 10.6 5.7% 14.5 14.5

  8. Slide 8: Earnings _ 4) Utilization and CAPEX

    I. 2021 3Q Earnings _ 4) Utilization and CAPEX CAPEX increased to cope with future demand of 2nd generation LED products Utilization Rate unit: % CAPEX unit: million KRW, % utilization rate % CapEx to CAPEX CAPEX 96.0% 40.6% 92.5% 33.7% 91.1% 53,293 23.4% 20.7% 44,038 88.7% 19.1% 87.3% 28,218 25,151

  9. Slide 9: Earnings _ 5) Financial Ratios

    I. 2021 3Q Earnings _ 5) Financial Ratios Current Ratio continues to improve Still maintaining lower Inventory Level than Industry Average Current Ratio % Debt to Equity % 186.3% 187.0% 74.0% 71.6% 183.3% 57.7% 58.6% 46.0% 167% 165.9% Q3 '20 Q4 '20 Q1'21 Q2'21 Q3'21 Q3 '20 Q4 '20 Q1'21 Q2'21 Q3'21 N

  10. Slide 10: 2021 4Q Guidance

    II 2021 4Q Guidance Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  11. Slide 11: 2021 4Q Guidance _ 1) Key Future Growth Momentum

    III. 2021 4Q Guidance _ 1) Key Future Growth Momentum 2nd Generation LED products to spark triggering point of LED industry Application Key Theme Technology • Virus /Air and Surface Disinfection • UV Violeds To continue M/S expansion • 3D printing curing (280nm~405nm) • Next Key Patented Technology

  12. Slide 12: 2021 4Q Guidance _ 2) Guidance

    II. 2021 4Q Guidance _ 2) Guidance 2021 Sales expected to grow 12%~14.3% vs. 2020 Expect high growth next year once global tech parts supply issue is solve 4Q Guidance 2021 Sales est. QoQ YoY YoY -8.1% 493bn 14.3% 1,20bn 0% 483bn 12.0% -15.8% 1,10bn -8.7% 130.6bn 120.5bn 431.3억bn 2021.3Q 2021.4Q (E)

  13. Slide 13: Appendix

    III APPENDIX 1) WICOP related patent Injunction against 13 brands 2) Condensed Financial Statement Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

  14. Slide 14: WICOP related patent Injunction against 13 brands

    III. Appendix_ 1) WICOP related patent Injunction against 13 brands Financial Times Wall Street Journal Copyright ⓒ Seoul Viosys Co., Ltd. 14 www.seoulviosys.com

  15. Slide 15: Condensed Financial Statement

    III. Appendix_ 2) Condensed Financial Statement 2021.Q3 2021.Q2 2021.Q1 2020 2020.Q4 2020.Q3 2020.Q2 2020.Q1 2019.Q4 2019.Q3 (unit: million KRW) [Income Statement] Sales 130,551 131,161 121,767 431,282 120,485 120,661 103,235 86,901 91,548 90,668 COGS 107,192 105,861 95,451 346,704 95,962 98,953 80,

  16. Slide 16: Thank You

    Thank You www. seoulviosys.com Copyright ⓒ Seoul Viosys Co., Ltd. www.seoulviosys.com

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