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說明會簡報
AAnnaallyysstt MMeeeettiinngg 
朋程科技股份有限公司
AAccttrroonn TTeecchhnnoollooggyy CCoorrppoorraattiioonn (8255 TT)
Company Profile 
Founded : 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 ssuuppppllyy CChhaaiinn 
Automotive Tier 1 Supplier Tier 2 Supplier 
GGMM 
TTooyyoottaa 
VVWW 
FFoorrdd 
RReennaauulltt-- 
NNIISSSSAANN 
DDaaiimmlleerr 
BBMMWW 
DDeennssoo 
BBoosscchh 
VViisstteeoonn 
VVaalleeoo 
RReemmyy 
OOEE SSuupppplliieerr 
((NNeeww CCaarr)):: 
AAccttrroonn 
KKeeyy CCoommppoonneennttss 
nneeeedd ttoo bbee 
qquuaalliiffiieedd bbyy 
TTiieerr 11 aanndd 
AAuuttoommoottiivvee 
70% 
outsource 
Global Auto 
USD10 ~ 40 
Billion Revenue 
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
Long & Tedious OE Accreditation Process 
QQuuoottaattiioonn SSaammppllee 
IInniittiiaall 
VViissiitt 
QQuuaalliiffiiccaattiioonn 
AAuuttoommoottiivvee 
AApppprroovvee 
OOrrddeerrss Shipment 
TTiieerr 11 
SSoouurrcciinngg 
SSuupppplliieerr 
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
Major Customers 
Major Products Major Customers 
•• PressFit Diodes •• Denso 
•• Hitachi 
•• Prestolite 
•• Remy Inc 
•• Valeo 
••WAI / Transpo 
•• Regulators • Prestolite 
•• Remy Inc 
•• Coils for ABS •WABCO 
----- Customers are listed by alphabet -----
AAlltteerrnnaattoorr、DDiiooddeess 、RReegguullaattoorr
Diodes & Regulator
http://www.actron.com.tw
High Requirements iinn KKeeyy FFeeaattuurreess 
FFeeaattuurreess AAuuttoommoobbiillee IInndduussttrriiaall 
CCaappaacciittaannccee 2255--8800 aammppeerree 11--1155 aammppeerree 
HHeeaatt DDuurraattiioonn 221155℃℃-- 222255℃℃ 115500℃℃ 
RReelliiaabbiilliittyy 33 YYeeaarrss,,110000,,000000 kkmm LLooww iinn ccoommppaarriissoonn 
MMeecchhaanniiccaall 
OOvveerr 11,,000000kkgg wweeiigghhtt dduurraattiioonn 
rreeqquuiirreedd.. DDiiffffiiccuulltt 
LLooww iinn ccoommppaarriissoonn 
IIPP 
IIPP nneeeeddeedd ffoorr MMeecchhaanniiccaall ddeessiiggnn 
&& pprroocceessss.. 
LLiittttllee ccoonncceerrnn
2013 Key Global OE Alternator Makers 
(18.0M, (10.8M,12.9%) 21.5%) (11.7M, 14%) 
10 
2012 Global OE Alternator Sales, 81.1 Millions 
2013 Projection 83.7M, which is 3.2% YoY growth. 
2014 Forecast 87M, which is 4% YoY growth. 
(24.3M, 29%) 
(1.8M, 2.2%) (2.5M, 3.0%) (3.2M, 3.8%) (1.2M, 1.4%)
NNiissssaann AAwwaarrdd
Actron Regulator 
Mono Chip 
Hybrid 
Chip Sets
Brush Holder 3D Simulation
3 
Total Solution 
•• Chip / Regulator IC : 
-- ActronMono-chip , Actron Chip Sets & 
Hybrid type design and make, 
-- Dedicated IC design for customer 
•• Assembly / Test Service : 
-- Die Bond / Wire Bond, Hybrid 
•• Brush Holder / Housing : 
-- All types housing per customer requirement 
•• Customer can choose anyone from above three, 
also in any kind of combination -- 
A, B, C, A+B, A+C, B+C, and/or A+B+C
AAAABBBBSSSS系统由四大機構構成: 
車速傳感器、泵 
電磁閥、控制器
Actron Coils & Cores 
Actron Internal Use Only 
CCoorree 
CCooiill 2244VV 
CCooiill 1122VV
2014 GLOBAL AUTOMOBILE SALES 
GLOBAL 3.2% (2013)  4.0% (2014) 
2012 81.1M  2013 83.7M  2014 87.0M 
KOREA 
-2% / 3% 0% / 1% 
JAPAN 
CHINA 
INDIA 
USA 
-1.5% / 0% 8% / 7% 
BRAZIL 
EU27 
12% / 7% 
-9% / 0% 
0% / 0% 
Source : Automotive New, Edmunds.com, Moody`s Investor service, 北京商報,盖世汽车网,
2014 Global Automobile Sales Forecast by Countries 
2013 Global Automobile Sales Projection: 83.7M 
2014 Forecast 87.0M, 4.0% YoY growth
Quarterly RReevveennuuee TTrraaddee CChhaarrtt 
1000 
800 
600 
400 
200 
0 
1Q 2Q 3Q 4Q 
2008 
2009 
2010 
2011 
2012 
2013 
2014
The Results ooff OOppeerraattiioonn 
EPS –0.35 
EPS 5.70 
EPS 3.11 
6677%% 
409 
93 
3400 
2900 
2400 
1900 
1400 
900 
400 
244 
-11 
EPS 3.80 EPS7.99 
EPS5.64EPS4.43 
11% 
3284 
4% 
2950 
23% 
EPS5.51 
2835 
46% 
2305 
EPS 5.01 
13% 
1577 
--6 % 
6 1396 
EPS 6.31 
EPS 7.18 
1111%% 
1491 
EPS 6.36 
4477%% 
1345 
2299%% 
913 
7733%% 
709 
184 
224 
319 
307 
205 
270 
327 
402 
328 
615 
-100 
2002 2004 2006 2008 2010 2012 
Revenue Net Income EPS
朋程法說會8255

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朋程法說會8255

  • 2. Company Profile Founded : 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
  • 3. Difficult to penetrate ssuuppppllyy CChhaaiinn Automotive Tier 1 Supplier Tier 2 Supplier GGMM TTooyyoottaa VVWW FFoorrdd RReennaauulltt-- NNIISSSSAANN DDaaiimmlleerr BBMMWW DDeennssoo BBoosscchh VViisstteeoonn VVaalleeoo RReemmyy OOEE SSuupppplliieerr ((NNeeww CCaarr)):: AAccttrroonn KKeeyy CCoommppoonneennttss nneeeedd ttoo bbee qquuaalliiffiieedd bbyy TTiieerr 11 aanndd AAuuttoommoottiivvee 70% outsource Global Auto USD10 ~ 40 Billion Revenue 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
  • 4. Long & Tedious OE Accreditation Process QQuuoottaattiioonn SSaammppllee IInniittiiaall VViissiitt QQuuaalliiffiiccaattiioonn AAuuttoommoottiivvee AApppprroovvee OOrrddeerrss Shipment TTiieerr 11 SSoouurrcciinngg SSuupppplliieerr 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
  • 5. Major Customers Major Products Major Customers •• PressFit Diodes •• Denso •• Hitachi •• Prestolite •• Remy Inc •• Valeo ••WAI / Transpo •• Regulators • Prestolite •• Remy Inc •• Coils for ABS •WABCO ----- Customers are listed by alphabet -----
  • 9. High Requirements iinn KKeeyy FFeeaattuurreess FFeeaattuurreess AAuuttoommoobbiillee IInndduussttrriiaall CCaappaacciittaannccee 2255--8800 aammppeerree 11--1155 aammppeerree HHeeaatt DDuurraattiioonn 221155℃℃-- 222255℃℃ 115500℃℃ RReelliiaabbiilliittyy 33 YYeeaarrss,,110000,,000000 kkmm LLooww iinn ccoommppaarriissoonn MMeecchhaanniiccaall OOvveerr 11,,000000kkgg wweeiigghhtt dduurraattiioonn rreeqquuiirreedd.. DDiiffffiiccuulltt LLooww iinn ccoommppaarriissoonn IIPP IIPP nneeeeddeedd ffoorr MMeecchhaanniiccaall ddeessiiggnn && pprroocceessss.. LLiittttllee ccoonncceerrnn
  • 10. 2013 Key Global OE Alternator Makers (18.0M, (10.8M,12.9%) 21.5%) (11.7M, 14%) 10 2012 Global OE Alternator Sales, 81.1 Millions 2013 Projection 83.7M, which is 3.2% YoY growth. 2014 Forecast 87M, which is 4% YoY growth. (24.3M, 29%) (1.8M, 2.2%) (2.5M, 3.0%) (3.2M, 3.8%) (1.2M, 1.4%)
  • 12. Actron Regulator Mono Chip Hybrid Chip Sets
  • 13. Brush Holder 3D Simulation
  • 14. 3 Total Solution •• Chip / Regulator IC : -- ActronMono-chip , Actron Chip Sets & Hybrid type design and make, -- Dedicated IC design for customer •• Assembly / Test Service : -- Die Bond / Wire Bond, Hybrid •• Brush Holder / Housing : -- All types housing per customer requirement •• Customer can choose anyone from above three, also in any kind of combination -- A, B, C, A+B, A+C, B+C, and/or A+B+C
  • 16. Actron Coils & Cores Actron Internal Use Only CCoorree CCooiill 2244VV CCooiill 1122VV
  • 17. 2014 GLOBAL AUTOMOBILE SALES GLOBAL 3.2% (2013) 4.0% (2014) 2012 81.1M 2013 83.7M 2014 87.0M KOREA -2% / 3% 0% / 1% JAPAN CHINA INDIA USA -1.5% / 0% 8% / 7% BRAZIL EU27 12% / 7% -9% / 0% 0% / 0% Source : Automotive New, Edmunds.com, Moody`s Investor service, 北京商報,盖世汽车网,
  • 18. 2014 Global Automobile Sales Forecast by Countries 2013 Global Automobile Sales Projection: 83.7M 2014 Forecast 87.0M, 4.0% YoY growth
  • 19. Quarterly RReevveennuuee TTrraaddee CChhaarrtt 1000 800 600 400 200 0 1Q 2Q 3Q 4Q 2008 2009 2010 2011 2012 2013 2014
  • 20. The Results ooff OOppeerraattiioonn EPS –0.35 EPS 5.70 EPS 3.11 6677%% 409 93 3400 2900 2400 1900 1400 900 400 244 -11 EPS 3.80 EPS7.99 EPS5.64EPS4.43 11% 3284 4% 2950 23% EPS5.51 2835 46% 2305 EPS 5.01 13% 1577 --6 % 6 1396 EPS 6.31 EPS 7.18 1111%% 1491 EPS 6.36 4477%% 1345 2299%% 913 7733%% 709 184 224 319 307 205 270 327 402 328 615 -100 2002 2004 2006 2008 2010 2012 Revenue Net Income EPS