Slide 1: First Quarter 2023 Earnings Release
First Quarter 2023 Earnings Release ASE Technology Holding 27 April, 2023
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q1 / 2023 % Q4 / 2022 % Q1/ 2022 % QoQ YoY Net Revenues: ATM 72,524 55.4% 92,742 52.3% 82,355 57.0% -22% -12% EMS 57,731 44.1% 83,931 47.3% 61,163 42.4% -31% -6% Others 636 0.5% 744 0.4% 873 0.6% -15% -27% Total Net Rev
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 200,000 40% 829 744 871 150,000 30% 873 90,660 66,213 83,931 636 61,163 100,000 21.4% 20.1% 57,731 20% 19.7% 19.2% 14.8% 12.8% 12.6% 50,000 11.2% 11.1% 10% 93,355 97,137 92,742 82,355 72,524 5.9% 0 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 ATM Revenue EMS Reven
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q1 / 2023 % Q4 / 2022 % Q1 / 2022 % QoQ YoY Net Revenues: Packaging 60,770 82.9% 78,119 82.8% 69,921 83.2% -22% -13% Testing 11,407 15.6% 14,676 15.6% 12,583 15.0% -22% -9% Direct Material 1,106 1.5% 1,486 1.6% 1,479 1.8% -26% -
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 98,831 100,000 94,998 94,322 50% 84,025 28,832 80,000 27,768 26,193 73,319 40% 23,101 14,749 60,000 30% 29.2% 29.2% 27.8% 27.5% 40,000 20% 20.1% 20,000 10% 0 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenue by Application
ATM Revenue by Application (Unaudited) 100% 32% 32% 31% 31% 33% 80% 60% 16% 16% 16% 16% 17% 40% 52% 52% 53% 53% 50% 20% 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenue by Type
ATM Revenue by Type (Unaudited) 100% 2% 1% 2% 2% 1% 15% 15% 15% 15% 16% 80% 6% 6% 7% 7% 8% Material Testing 60% 34% 35% 34% 33% 34% Others 40% Wirebonding Bump/FC/WLP/ 20% 43% 43% 42% 43% 41% SiP 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 8
Slide 9: EMS Operations
EMS Operations Quarterly Revenue by Application (unaudited) (NT$ million) Q1 / 2023 % Q4 / 2022 % Q1 / 2022 % QoQ YoY EMS Net Revenues 57,733 100.0% 83,933 100.0% 61,166 100.0% -31% -6% Gross Profit 4,567 7.9% 7,803 9.3% 5,380 8.8% -41% -15% Operating Income (Loss) 1,325 2.3% 3,959 4.7% 2,200 3.6% -
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Mar. 31, 2023 Dec. 31, 2022 Cash and cash equivalent $62,056 $58,040 Financial assets - current 6,317 7,560 Financial assets - non current & investments - equity method 24,352 22,909 Property, plant & equipment 266,005 268,235 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,400 1,283 1,203 1,200 1,141 1,100 1,000 781 800 600 515 443 400 400 339 231 200 0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Capex EBITDA 11
Slide 12: Second Quarter 2023 Outlook
Second Quarter 2023 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the second quarter of 2023 to be as follows: In NT dollar terms, our ATM 2nd quarter 2023 revenues and gross margin should be similar with the revenues and
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/2022 Q2/2022 Q3/2022 Q4/2022 FY/2022 Q1/2023 Revenues 144,390,827 160,439,019 188,625,557 177,417,239 670,872,642 130,891,073 COGS 115,919,599 126,051,460 150,653,584 143,317,989 535,942,632 111,551,750 PPA unde