Soitec Announces Third Quarter Financial Results for FY20, 16% Increase Over FY19

提交于周五, 02/07/2020 Submitted by winniewei on Friday, 02/07/2020
Soitec Announces Third Quarter Financial Results for FY20, 16% Increase Over FY19

7 日—— 作为设计和生产创新性半导体材料的全球领军企业,法国Soitec半导体公司于1月21日公布了2020财年第三季度业绩(截止至2019年12月31日)。 February 7 , 2020 - As a global leader in the design and production of innovative semiconductor materials, French Soitec Semiconductor announced the third quarter of fiscal 2020 on January 21 (as of December 31, 2019). 按固定汇率和边界 1 计, 该增长来源于11.3%的销售额增长、 汇率增值带来4.1%的积极影响, 以及由2019年5月收购EpiGaN 带来+ 0.5%的范围效应。 The performance achieved a growth of 15.9% compared to 116.8 million euros in the same period of fiscal 2019. Based on fixed exchange rates and borders1 , the increase came from 11.3% sales growth, a 4.1% positive impact of exchange rate appreciation, and a positive impact from 2019. EpiGaN acquisition in May brings + 0.5% range effect.

  • In the third quarter of fiscal 2020, revenue was 135 million euros, an increase of 16% over the same period in fiscal 2019.
  • 1 计,较上财年同期,2020财年第三季度销售收入的有机增长超过11% Based on fixed exchange rate and boundary 1 , compared with the same period of the previous fiscal year, the organic growth of sales revenue in the third quarter of fiscal 2020 exceeded 11%
  • At constant exchange rates, 150 / 200-mm wafer sales are up 2% from the third quarter of fiscal 2019
  • At constant exchange rates, 300-mm wafer sales are up 19% from the third quarter of fiscal 2019
  • 2 增长23% In the first nine months of fiscal 2020, revenues reached 394 million euros, an increase of 30% over the same period last year and a 23% increase at a fixed exchange rate and border 2
  • 2 计销售额预期增长约30%,电子产品业务税息折旧及摊销前(EBITDA) 3 利润率 4 预期增长约30%。 Fiscal 2020 financial estimates remain unchanged: sales are expected to increase by approximately 30% at constant exchange rates and borders 2; EBITDA 3 profit margins 4 are expected to increase approximately 30%.

“在第三季度,我们实现了两位数的有机增长,业绩符合我们的预期。我们的增长归功于射频产品的成功,这尤其受益于4G和5G两代蜂窝的部署,此外,物联网和汽车市场也正不断采用我们的数字产品平台。” Paul Boudre, CEO of Soitec, said: "In the third quarter, we achieved double-digit organic growth and our performance was in line with our expectations. Our growth is attributed to the success of RF products, which in particular benefited from the two generations of 4G and 5G cellular In addition, the IoT and automotive markets are continuously adopting our digital product platforms. "

“我们对为射频滤波器打造的POI产品获得的收入及相应的认可感到自豪。自2018年收购Dolphin Design的资产以来,高水平的营收证明了其业绩的提高。我们也正在开发碳化硅产品,以克服电动汽车正面临的重要行业挑战。这些都是我们将业务拓展至SOI以外的重要战略步伐。” Paul Boudre added: "We are proud of the revenue and corresponding recognition of POI products for RF filters. Since the acquisition of Dolphin Design's assets in 2018, high levels of revenue have proven its performance improvement. We also Silicon carbide products are being developed to overcome the important industry challenges that electric vehicles are facing. These are important strategic steps for us to expand our business beyond SOI. "

Consolidated sales in the third quarter of fiscal 2020 (unaudited)

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Fiscal Year 2019 Q3

FY 2020 Q3

FY 2020 Q3 / FY 2019 Q3

(In thousands of Euros)

Published growth

1 计的增长幅度 Growth rate at fixed exchange rate and boundary 1

150 / 200-mm

58,747

61,885

+ 5%

+ 2%

300-mm

52,775

65,133

+ 23%

+ 19%

Royalties and other operating income

5,246

8,264

+ 58%

+ 41%

Total operating income

116,768

135,282

+ 16%

+ 11%

150/200- mm晶圆销额售较20 19 财年第三季度增长 2 %; 300 -mm晶圆销售增长 19 %。 On a constant exchange rate basis, the sales of 150 / 200- mm wafers increased by 2 % compared with the third quarter of fiscal year 20 and 19 ; sales of 300- mm wafers increased by 19 %. 300 -mm晶圆销售额在晶圆销售总额占比由 47 %上升至 51 %,而 150/200 -mm晶圆销额售则占总额的 49 %,20 19 财年第三季度占比则为 53 %。 As a result, sales of 300- mm wafers increased from 47 % to 51 % of total wafer sales , while sales of 150 / 200- mm wafers accounted for 49 % of total wafer sales. The ratio is 53 %.

150 / 200-mm wafer sales

150 / 200-mm wafers are made from substrates for RF and power applications. 按固定汇率计 ,150/200-mm晶圆销售额较2019财年同期增长了2%。 In the third quarter of fiscal 2020 , 150 / 200-mm wafer sales increased by 2% at constant exchange rates compared to the same period in fiscal 2019. The increase in 150 / 200-mm wafer sales reflects a slight slowdown in sales growth and a more favorable product mix. By product type, Soitec's RF-SOI wafers have achieved further sales growth, but the sales of Power-SOI wafers have declined slightly compared to the same period in fiscal 2019.

In the third quarter of fiscal 2020, the first batch of 150-mm POI wafers produced by the French Benin III plant for filters received considerable revenue; this part of the revenue is included in the revenue of the 150 / 200-mm product category in.

300-mm wafer sales

300-mm wafers are mainly used in the production of digital and RF applications. 按固定汇率计 ,300-mm晶圆销售量比2019财年同期增长了19%。 In the third quarter of fiscal 2020 , 300-mm wafer sales were up 19% at constant exchange rates compared to the same period in fiscal 2019. This increase reflects increased sales of RF-SOI wafers.

Compared with the third quarter of fiscal 2019, the increase in RF-SOI 300-mm wafer sales reflects the increasing demand for RF applications in the 4G market, which is still expanding, and the deployment of first-generation 5G networks and smartphones. 5G communication standards require a larger number of RF components such as antenna switches, antenna tuners, and LNAs (low noise amplifiers), and RF-SOI has become the industry standard.

晶圆的销售额略低于2019财年第三季度。 Sales of FD-SOI wafers were slightly lower than in the third quarter of fiscal 2019. Soitec is monitoring FD-SOI inventory levels in the supply chain and adjusting capacity accordingly. Recent product releases (Google, Lattice) have shown that FD-SOI has been adopted in various AIoT, interconnected and automotive applications, and proved the great value of this technology.

Imager-SOI 产品的销售在2020财年第三季度迎来反弹,表现略高于2019财年第三季度。 Compared to the low sales in the first half of fiscal 2020, sales of Imager-SOI products ushered in a rebound in the third quarter of fiscal 2020, with performance slightly higher than the third quarter of fiscal 2019. Imager-SOI provides superior 3D imaging performance for consumer product applications, and its growth benefits from its widespread use in mobile devices.

Royalties and other operating income

In the third quarter of fiscal 2020, royalties and other revenues totaled 8.3 million euros, compared to 5.2 million euros in the third quarter of fiscal 2019. 1 计,20财年第三季度的特许权使用费和其他收入较2019财年同期增长了41%。 Based on fixed exchange rates and boundary 1 , royalties and other income for the third quarter of FY20 increased by 41% compared to the same period in FY2019.

从2019财年第三季度的130万欧元略增至2020财年第三季度的140万欧元。 Royalties and intellectual property operating income increased slightly from 1.3 million euros in the third quarter of fiscal 2019 to 1.4 million euros in the third quarter of fiscal 2020.

2020财年第三季度Frec|n|sys、Dolphin Design及EpiGaN产生的其他营业收入合计达680万欧元。 Other operating income- Frec | n | sys, Dolphin Design and EpiGaN generated other operating income totaling € 6.8 million in the third quarter of fiscal 2020. In the third quarter of fiscal 2019, this revenue was 4 million euros, which reflected a strong boost from more than 57% of revenue growth from Dolphin Design and was affected to some extent by the scope effects associated with the acquisition of EpiGaN.

Fiscal year outlook

按固定汇率和边界 2 ,2020财年的销售额将增长约30%,2020财年第四季度预估的强劲销售作为该预测的有力支持。 Soitec maintains its original forecast. Based on a fixed exchange rate and boundary 2 , sales in FY 2020 will increase by approximately 30%. The strong forecast for the fourth quarter of FY 2020 is a strong support for this forecast. This is due to the smooth implementation of the production plans in the previous quarters, and the Group will be able to provide the market with sufficient output supply.

3 利润率 4 可达到约30%(EBITDA 3 对欧元/美元汇率10%波动的影响,价值约为2千3百万欧元)。 Soitec also determined that its EBITDA 3 profit margin 4 for the electronic product business in FY 2020 can reach about 30% at the euro / dollar exchange rate of 1.13 ( the impact of EBITDA 3 on the 10% fluctuation of the euro / dollar exchange rate is valued at approximately 23,000 Million euros).

footnote:

按固定汇率和可比的合并范围;2020财年第三季度的范围效应涉及2019年5月收购EpiGaN,该项包含在特许权使用费和其他营业收入中。 1. At a fixed exchange rate and comparable scope of consolidation; the scope effect in the third quarter of fiscal 2020 involved the acquisition of EpiGaN in May 2019, which is included in royalties and other operating income.

按固定汇率和可比的合并范围;2020财年第三季度的范围效应涉及2018年8月收购法国海豚集成(Dolphin Integration)的部分资产,该项包含在特许权使用费和其他营业收入中。 2. Per fixed exchange rate and comparable scope of consolidation; the scope effect of the third quarter of fiscal 2020 involved the acquisition of some assets of the French Dolphin Integration in August 2018, which is included in royalties and other operating income .

EBITDA是指未计折旧、摊销、与股份支付相关的非货币项、流动资产拨备变动以及风险和应急事项拨备变动前(不包括资产处置收入)的当期经营收入(EBIT)。 3. EBITDA refers to current operating income (EBIT) before depreciation, amortization, non-monetary items related to share-based payments, changes in provision for current assets, and changes in provisions for risks and contingencies (excluding income from asset disposal). With reference to FY19, the impact of first application of IFRS 15 on equity is included in EBITDA. This alternative performance indicator is a non-IFRS quantitative indicator used to measure a company's ability to generate cash from its operating activities. EBITDA is not defined by the IFRS standard and should not be considered as an alternative to any other financial measure.

电子产品业务的EBITDA利润率=来自持续经营/销售的EBITDA。 4. EBITDA margin of the electronics business = EBITDA from continuing operations / sales.

About Soitec

Soitec Semiconductor is a global leader in the design and production of innovative semiconductor materials, serving the electronics and energy markets with its unique technology and semiconductor expertise. Soitec holds more than 3,000 patents around the world and meets customers' needs for high performance, low energy consumption, and low cost based on continuous innovation. Soitec has manufacturing plants, R & D centers and offices in Europe, the United States and Asia. Soitec and Smart Cut are registered trademarks of Soitec.

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