1. Solid State System (3S) 2014 First Quarter Investor Conference
鑫創科技：3259
2014 First Quarter
Investor Conference
May 15, 2014

2. Agenda
Welcome
1QFY14 Financial Results
2QFY14 Outlook
Q&A

3. Safe Harbor Statement

4. 1QFY14 Consolidated Income Statement
NT$K
1Q14
4Q13
1Q13
QoQ(%)
YoY(%)
Sales
170,193
191,835
117,086
(11) 45
Gross Profit
49,970
76,469
24,639
(35)
103
Selling Expenses
15,897
12,959
14,763 23 8
G&A Expenses
7,350
7,514
7,880
(2)
(7)
R&D Expenses
48,196
48,282
48,687
(1)
Operating Income
(21,473)
7,714
(46,691)
(378) -
Non-operating Income& Exp.
2,740
2,676
(2,148)
Income Before Tax
(18,733)
10,390
(48,839)
Net Income
14,831
EPS(NT$)
(0.27)
0.26
(0.78)
Weighted Avg. Outstanding Shares
70,400
63,502
62,549

5. Balance Sheet Summary 20140331 Current Assets 599,750
NT$K
Current Assets
599,750
Cash and Cash Equivalents
280,846
Accounts Receivable
91,843
Inventory
50,077
Other Financial Assets – Current
166,749
Other Current Assets
10,235
Non-current Assets
194,826
Total Assets
794,576
Total Liabilities
107,399
Total Stockholders' Equity
687,177

6. Cash Flow Summary 1Q14 Operating Cash Flow 9,272 Investment Cash Flow
NT$K
1Q14
Operating Cash Flow
9,272
Investment Cash Flow
(23,689)
Financing Cash Flow
4,231
Net increase in Cash & Equivalents
(10,186)
Cash & Equivalents at Year Beginning
291,032
Cash & Equivalents at Year End
280,846

7. MEMS Microphone Market Trend
Source: Yole development

8. MEMS Microphone Market Trend
Applications:
Cellphone/Smartphone
Laptop/Notebook
Earphone Headset
Wearable/IoT
Smart TV
Medical (Hearing Aid)
Automotive
Consumer Electronics
Source: Yole development

9. 2QFY14 Guidance
Based on our current business outlook, the Company expects:
Consolidated Q2 revenue could be lower than Q1
Consolidated Q2 gross profit margin will be similar to Q1
Consolidated operating profit margin still to be minus

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