SNU PRECISION CO., LTD 1629-2 Nakseongdae-dong, Kwanak-ku in Seoul, SOUTH KOREA The First Quarter 2011
Disclaimer This document has been prepared by SNU Precision CO., Ltd.( the Company ). Until 2010, We followed the KGAAP, but we follow the standards NEW KIFRS from 2011 This document is provided for the convenience of investors only, and any estimation in this document has been made based on the company s own business forecast. they may differ from the actual result due to the changes of business environment. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented. The Company, its affiliates, advisers or representatives accept no liability whatsoever for any losses arising from any information contained in the document This document does not constitute an offer or invitation to purchase or subscribe for any shares of the Company, and no part of this document shall form the basis of or be relied upon in connection with any contract or commitment. This document may not be taken away by you. The Contents of this document may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose. 2
Application & Solution Core Technologies 3D, 2D Measurement Evaporation, Sputtering Thin Film Encapsulation Critical Dimension Inspection in Semiconductor Customers SEC, SMD, LGD, AUO, CMI, BOE, CSOT, Tianma, PLD, CPT, DNP, etc. Advanced Leading Edge Technologies for LCD, OLED, PHOTOVOLTAIC, SEMICONDUCTOR LCD EQUIPMENTs PSIS, HALFTONE CD, AMS, MPIS, SDIS, Review Repair, PTMS, Auto Micro, etc. OLED EQUIPMENTs Evaporation[EL 3600, HELISYS, DSP], Encapsulation[TFE], Sputter, etc. PHOTOVOLTAIC EQUIPMENTs CIGS, CIS, OPV, a Si, DSSC, Laser Patterning, Mechanical Patterning, etc. SEMICONDUCTOR EQUIPMENTs SEMICONDUCTOR Inspection System 3
History SNU PRECISION 98 Foundation of SNU 02 PSIS Developed 03 Sales 5G PSIS LGD 05 Listed in KOSDAQ Started 06 Investment ANS INC for OLED & Solar Cell 07 Acquire Metrology to Semiconductor 08 Built Factory in A-San Sales New LCD Built to Abroad Equipments Factory in Si-Wha Join Partner 10 Sales Solar Cell Equipment for Mass Product SMD Investment to SNU for OLED Business ANS INC 09 Take ANS over Join National Project Developing 5.5G OLED Equipment with SMD 98 Foundation of ANS 99 OLED Deposition System Developed Sales to Domestic 02 Export to Abroad 06 Development of OLED & Solar Cell 07 Development Advanced OLED & Solar Cell Equipment 4
Financial Highlight [ KRW Million ] 1Q 2011 4Q 2010 QoQ 1Q 2010 YoY Sales 19,913 17,943 11.0% 15,833 25.8% Gross Profit (GP) 4,617 3,649 26.5% 3,323 38.9% % GP/Sales 23.2% 20.3% 21.0% Operating Income (OPI) 997-316 Turn Around 259 285.6% % OPI/Sales 5.0% -1.8% 1.6% Net Income (NI) 322 266 21.1% 1% 165 95.7% % NI/Sales 1.6% 1.5% 1.0% EPS 15 13 15.4% 33-54.5% Each Value is not accumulated This figure follow the standards NEW KIFRS 5
Sales Breakdown [ KRW Million ] OP% LCD OLED & Solar 12.8% 8.4% 5.0% 10.7% 87,031 39.6% 71,804 28% 18,481 100% 100% 34,023 23% 77% 72% 19,913 38% 62% 2007 2008 2009 2010 1Q 2011 6
Net Cash & Asset Statement [ KRW Million ] Cash Asset 168,362 174,165 75,681 87,114 88,852 53,445 48,194 22,095 23,969 19,883 2007 2008 2009 2010 1Q 2011 2007 2008 2009 2010 1Q 2011 Debt / Equity 31.4% 30.0% 36.6% 45.7% 49.1% NetDebt/Equity -23.8% -13.1% 1% -6.1% 61% -9.4% 94% -5.9% 59% Return on Equity (ROE) -14.5% 14.9% -10.9% 8.1% 0.3% Return on Asset (ROA) -11.4% 11.4% -8.2% 5.7% 0.2% Cash = Cash & Cash Equivalents + Short-Term Financial Instruments Net Debt = Borrowing - Cash 7
R&D Investment [ KRW Million ] R&D Revenue 87,031 71,804 34,023 18,481 19,913 11,640 12,470 6,511 4,664 5,695 2007 2008 2009 2010 1Q 2011 Updated March 31 th, 2011 8
Backlog Statement [ KRW Million ] LCD OLED & Solar 46,550 28,605 32,198 33,795 27% 39% 69% 17,501 100% 100% 73% 61% 31% 2007 2008 2009 2010 1Q 2011 This Figure are delivery basis backlog Updated March 31 th, 2011 9
Share Statement This Data is in June 13 th, 2011 CEO* means all stocks of related with CEO We have CB s right of 1,085,622 shares. (about 5.0%) Foreigners* means excluded figure of BlackRock Stake Total Stocks is 20,433,470 470 [64.5%] 13,173,004 4,464,473 [21.8%] 1,075,446 [5.3%] 1,030,314 [5.0%] 583,389 [2.9%] 106,844 [0.5%] CEO* SMD BlackRock Foreigners* Treasury Stocks Etc 10
APPENDICESA
Plants Location ASan New Plant (Under Construction) Si-Hwa Plant I, II ASan Plant 12
LCD Production Chart SNU Precision Based on 2D & 3D metrology has a cutting edge technology. SNU Precision has contributed to LCD industry. Especially SNU Precision is Market Leader in the LCD Inspection field. TFT (Glass) GATE (GATE Electrode) DATA (DATA Electrode) Passivation Pixel Electrode Patterning Patterning Patterning Patterning C/F Glass BM R/G/B ITO Patterning A ing B ing A ing Pattern- Pattern- Pattern- A PS Feed Forward Control PS Inspection LC Injection Assembly Scribing & Breaking Autoprobe Inspection 13
OLED Production Chart SNU Precision is Supplying widely recognized technology to famous OLED Lap & manufactures. SNU Precision developed DSP which enables us to penetrate 5G Market (1100x1300mm 2 ). And SNU Precision s TFE technologies will come true flexible display market to Next Generation. Photo Cr patterning ITO patterning Insulator Pattering Separator Pattering O 2 PLASMA Metal source Evaporation R/G/B source Evaporation Plasma Treatment Loading Evaporation UV Curing Assembly Sealant Dispensing Getter Attach Glass cap Cleaning Encapsulation Inspection & Module Aging Cell Scribe Cell Inspection Polarize Attach TAB Bonding Final Inspection 14
PHOTOVOLTAIC Production Chart SNU Precision has widely recognized technologies for Thin Film Photovoltaic field. Thin Film Photovoltaic s method is not popular skill in the photovoltaic area. However, Not only Our technologies has the highest growth potential but also SNU Precision has technologies that are able to set the full Thin Film Photovoltaic line up. Substrate SLG Cleaning Back contact Mo DC sputtering Isolation cut Laser patterning absorber CIGS Co-evaporation Buffer layer CdS CBD Encapsulation AR / Grid MgF2 / Al / Ni E-beam Isolation cut Mechanical patterning Window ZnO : Al RF sputtering Open back contact Mechanical patterning 15
Applications for SEMICONDUCTOR SNU Precision has recently developed Semiconductor Inspection which provides high resolution and repetition by using electron microscope for semiconductor market. SNU Equipment SNU Equipment Lithography Etching 16
Thank You ir@snuprecision.com ksseo@snuprecision.com +81-2-881-0135 ~ 6 [09:00 ~ 18:00, GMT +9]