1. TrueLight Corporation

2. Overview
Company Profile
Company Position
Supply Chain & Major Customer
Product & Application Market
Market Trend & Financials
Summary

3. Company Profile Founded：1997, Sep., Taiwan
Headquarters：Hsinchu Science Park, Hsinchu, Taiwan
Market Cap：NT$10B
IPO： Listed in Taipei Exchange (#3234-TW) since 2011
Employees :
Around 879 (40% : engineers & staff; 60%: operator)
Facilities:
Factory Area：6,037 m2 for 2x Manufacturing Centers
- Wafer Fab & Die Fab
- TO & OSA assembly

4. Company Position (Chip) (OSA) Revenue by product line: 1% 89% 10%
(Epiwafer)
( TO-Can
Packaging)
(Chip)
(OSA)
(Transceiver)
(Box)
Major Application
is for FTTX Market
Major Application
is for LTE/Datacenter Market

5. TrueLight is a leading fiber optics components
Company Position
TrueLight is a leading fiber optics components
Maker / Vendor / Manufacturer
Strong In-house Product Design and
Development Capability
Strong Sales Channel with own brand
Own manufacture line with adequate capacity
(Top TO-CAN Assembly capacity in the world)

6. Supply Chain Service Providers Component Vendors Transceiver Makers
China Telecom
China Mobile
China Unicom
AT&T
Verizon
Telefónica
Component Vendors
Avago
BinOptics
Oclaro
Melco
TrueLight
Luxnet
Equipment
Manufacturers
Huawei
ZTE
Fiberhome
Alcatel-Lucent
Nokia-Siemens
Cisco
Ericsson
Transceiver Makers
JDSU
Oclaro
Neo Photonics
Hisense
Oplink
Source Photonics
APAC Opto
Delta
Finisar

7. TrueLight Major Customer
BOSA/Transceiver
Box/
System Provider

8. Core Product Product Wavelength (nm) Speed (Gbps) Transmitter VCSEL
850
1-10
FP-LD
DFB-LD
2.5-10
Receiver
PINTIA 10
APD
2.5

9. Product line(II) - Components
“from Low-speed to 10G”…
TO-46 & TO-56
TOSA & ROSA
BOSA
fiber-stub OSA

10. FTTX Access FTTX GPON Market EPON Market
TrueLight Market Share in major
supply chain
ZTE ( 52% Market share )
Huawei (38% Market Share)
Fiberhome( 55% Market Share)
Others( 70%Markert Share)
TrueLight Market Share in major
Huawei (9% Market Share)
ZTE ( 33% Market share )
Fiberhome( 17% Market Share)
Alcatel-Lucent (33% Market Share)
Others( 50% Market Share)
EPON Market
(Contribute 30% Revenue)
Over 50% Market Share in the EPON Market
GPON Market
(Contribute 52% Revenue)
Over 25% Market Share in the GPON Market
TrueLight is the leading component provider in FTTX Market !

11. FTTX EPON market--- TrueLight’s receiver is No.1 in Japan. Market
share is above 70%.
TrueLight dominate EPON(Tx+Rx) market in
China. Market share is above 50%.
Cooperation with MELCO, TrueLight will take
over Melco’s Tx market. It will expand Japan
& worldwide EPON market.
GPON market---
Gpon market share is around 25%~30% in
China at the end of Q3, 2015.

12. LTE On receiver side, TrueLight is No.1 in Korea
LTE market. Market share is above 80%.
10G ROSA & TOSA products are ready.
China and North America are target market.
Cooperation with American customer,
TrueLight succeed to get into Amazon.
Cooperation with Korean customer,
TrueLight succeed to get into India LTE
market.

13. Data Center TrueLight is the only one company in
Taiwan with the capability to produce
VCSEL chip/TO/OSA.
TrueLight focus on VCSEL for years. On
storage transceiver market (low
bandwidth) , market share is around 6%.
Main customers are distributed in Taiwan,
Japan and China.
Developing COB technique, product will
extend from 10Gbps to 40Gbps

14. Market Trend
FTTH
LTE
Cloud Computing
Strong Demand

15. Sales Revenue
NT$ thousand

16. 2015 Revenue Breakdown by Application

17. Sales Revenue
NT$ thousand
1,575,978
1,266,249
960,264
730,111
729,050
519,571
592,195
563,718

18. Gross Margin
32%
25%
23%
22%
21%
18%

19. Gross Margin
37%
33%
28%
27%
27%
25%
25%
21%

20. EPS
8.04
2.93
2.1
1.53
1.31
0.98

21. EPS
NTD
3.25
3.0
1.1
0.99
0.71
0.77
0.65
0.47

22. Summary
Optical communication industry still remain mild growth this year.
TrueLight will keep double digit percentage of revenue growth in 2016.
TrueLight continuously enhances product R&D.
TrueLight complies with corporate governance requirements to ensure investor equity.

23. Q & A