朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司朋程科技股份有限公司

Actron Technology Corporation Actron Technology Corporation (8255 (8255 TT)TT)

說明會簡報說明會簡報說明會簡報說明會簡報說明會簡報說明會簡報說明會簡報說明會簡報

Analyst MeetingAnalyst Meeting

Company ProfileCompany ProfileFounded : Nov. 17, 1998 www.actron.com.tw

Capital : USD 25Million

Main Business : Automotive Electronic Components Manufacturing

Address : 1F, No.12, Sec. 2, Nan-Kan Rd., Luchu Hsiang, Taoyuan, Taiwan

Telephone : +886-3-311-5555

Fax : +886-3-311-9977

Unified Business No : 16748101

Chairman : Michael (M.K.) Lu

President : George Wu

Factory Size : 9,764 m-m.

Main Products : Pressfit diodes, Regulators, Coils

Difficult to penetrate supply ChainDifficult to penetrate supply Chain

GMGM

Toyota Toyota

VW VW

FordFord

RenaultRenault--NISSANNISSAN

Daimler Daimler

BMW BMW

DensoDenso

Bosch Bosch

VisteonVisteon

ValeoValeo

RemyRemy

OE SupplierOE Supplier

(New Car):(New Car):

ActronActron

Key ComponentsKey Components

need to be need to be

qualified byqualified by

Tier 1 and Tier 1 and

AutomotiveAutomotive

Automotive Tier 1 Supplier Tier 2 Supplier

Features:

1. There are over 8,000~15,000 components, for better management, only 2~3 suppliers are selected for each components

2. Difficult to acquire accreditation by Int’l Automaker, tight relationship between upper and lower stream.

3. The automotive market is a closed & concentrated market

70%

outsource

Global AutoUSD10 ~ 40

Billion Revenue

QuotationQuotation SampleSampleInitialInitialVisitVisit

QualificationQualificationAutomotiveAutomotive

ApproveApproveOrdersOrders Shipment

Tier 1Tier 1SourcingSourcingSupplierSupplier

OE background

preferred

Qualification :

Factory

Sample

Duration :

2~ 5 Years

Key Components need to be qualified by Automotive

At least 3 years of huge & stable volume. Stable ASP with 1~2% drop per year.

Global logistics and ability to fulfill JIT

Long & Tedious OE Accreditation Process

Major CustomersMajor Customers

Major ProductsMajor Products Major CustomersMajor Customers

•• RegulatorsRegulators • PrestolitePrestolite

•• Remy IncRemy Inc

•• Coils for ABSCoils for ABS • WABCOWABCO----- Customers are listed by alphabet -----

•• PressFitPressFit DiodesDiodes •• DensoDenso

•• Remy IncRemy Inc•• PrestolitePrestolite

•• WAI / WAI / TranspoTranspo

•• HitachiHitachi

•• ValeoValeo

AlternatorAlternator、、、、、、、、 Diodes Diodes 、、、、、、、、RegulatorRegulator

Diodes & Regulator

http://http://www.actron.com.twwww.actron.com.tw

High Requirements in Key FeaturesHigh Requirements in Key Features

FeaturesFeatures AutomobileAutomobile IndustrialIndustrial

CapacitanceCapacitance 2525--80 ampere80 ampere 11--15 ampere15 ampere

Heat DurationHeat Duration 215215℃℃℃℃℃℃℃℃-- 225225℃℃℃℃℃℃℃℃ 150150℃℃℃℃℃℃℃℃

ReliabilityReliability 3 Years3 Years，，，，，，，，100,000 km100,000 km Low in comparisonLow in comparison

MechanicalMechanicalOver 1,000kg weight duration Over 1,000kg weight duration required. Difficultrequired. Difficult

Low in comparisonLow in comparison

IPIPIP needed for Mechanical design IP needed for Mechanical design & process.& process.

Little concernLittle concern

10

(24.3M, 29%)

2012 Global OE Alternator Sales, 81.1 Millions2013 Projection 83.7M, which is 3.2% YoY growth.2014 Forecast 87M, which is 4% YoY growth.

(18.0M, 21.5%) (11.7M, 14%)(10.8M,12.9%)

(3.2M, 3.8%)(1.8M, 2.2%) (2.5M, 3.0%) (1.2M, 1.4%)

2013 Key Global OE Alternator Makers2013 Key Global OE Alternator Makers

Nissan AwardNissan Award

Actron RegulatorActron RegulatorMono ChipMono Chip

HybridHybrid

Chip SetsChip Sets

Brush Holder 3D SimulationBrush Holder 3D Simulation

3

Total SolutionTotal Solution

•• CChip / Regulator IC : hip / Regulator IC : ---- ActronActron MonoMono--chip ,chip ,ActronActron Chip Sets &Chip Sets &

Hybrid type design and make,Hybrid type design and make,---- Dedicated IC design for customerDedicated IC design for customer

•• AAssembly / Test Service : ssembly / Test Service : ---- Die Bond / Wire Bond, HybridDie Bond / Wire Bond, Hybrid

•• BBrush Holder / Housing : rush Holder / Housing : ---- All types housing per customer requirementAll types housing per customer requirement

•• Customer can choose anyone from above three, Customer can choose anyone from above three, also in any kind of combination also in any kind of combination ----AA, , BB, , CC, , AA++BB, , AA++CC, , BB++CC, and/or , and/or AA++BB++CC

ABSABSABSABS系系系系统统统统由四大機構構成由四大機構構成由四大機構構成由四大機構構成：：：：車速傳感器車速傳感器車速傳感器車速傳感器 、、、、泵泵泵泵電磁閥電磁閥電磁閥電磁閥 、、、、控制器控制器控制器控制器

Actron Coils & CoresActron Coils & Cores

Actron Internal Use OnlyActron Internal Use Only

CoreCore

Coil 24VCoil 24V

Coil 12VCoil 12V

2014 GLOBAL AUTOMOBILE SALES

KOREAJAPAN

CHINA

INDIA

USA

BRAZIL

EU27

GLOBAL 3.2% (2013) � 4.0% (2014)

Source : Automotive New, Edmunds.com, Moody`s Invest or service, 北京商報北京商報北京商報北京商報,盖盖盖盖世汽世汽世汽世汽车车车车网网网网,

2012 81.1M � 2013 83.7M � 2014 87.0M

-9% / 0%

12% / 7%-1.5% / 0% 8% / 7%

0% / 0%

0% / 1%-2% / 3%

2014 Global Automobile Sales Forecast by Countries2014 Global Automobile Sales Forecast by Countries

2013 Global Automobile Sales Projection: 83.7M

2014 Forecast 87.0M, 4.0% YoY growth

Quarterly Revenue Trade ChartQuarterly Revenue Trade Chart

0

200

400

600

800

1000

1Q 2Q 3Q 4Q

2008

2009

2010

2011

2012

2013

2014

The Results of OperationThe Results of Operation

244-11

40993

709

184

913

224

1345

319

1491

307

1396

205

1577

270

2305

327

2835

402

2950

328

3284

615

-100

400

900

1400

1900

2400

2900

3400

2002 2004 2006 2008 2010 2012

Revenue Net Income EPS

67%67%

73%73%

47%47%

29%29%

11%11%

EPS –0.35

EPS 3.11EPS 5.70

EPS 6.36EPS 6.31

EPS 7.18

--6 %6 %

EPS 3.80

EPS7.99

EPS 5.01

13%13%

46%46%

23%23%

EPS5.51

EPS5.64EPS4.43

4%4%

11%11%