Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — H1 2020 Earnings Presentation
18 slides from Nuvoton Technology's earnings presentation, Jul 30, 2020
Slide 1: Nuvoton Technology Corporation 1H'20 Investor Conference
Nuvoton Technology Corporation 1H’20 Investor Conference July 30, 2020
Slide 2: Safe Harbor Notice
Safe Harbor Notice • We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 3: Agenda
Agenda • Nuvoton Financial Results • Nuvoton 1H’20 Business Results & 2H’20 Business Outlook • Panasonic Semiconductor Acquisition Update • Q&A
Slide 4: Nuvoton Financial Results
Nuvoton Financial Results • Nuvoton Consolidated Statement of Comprehensive Income • Nuvoton Consolidated Balance Sheet • Nuvoton Consolidated Statement of Cash Flows • Nuvoton Revenue and GM Trend - Consolidated
Slide 5: Consolidated Statement of Comprehensive Income
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. 2Q’20 1Q’20 1H’20 1H’19 YoY Unit: NT$ M Amount % Amount % Amount % Amount % Amount % Net Revenue 3,061 100 2,133 100 5,194 100 4,634 100 560 12 Gross Profit 1,262 41 844 40 2,106 41 1,834 40
Slide 6: Consolidated Balance Sheet
Nuvoton Consolidated Balance Sheet Selected Items from Balance Sheet. Jun 30 ’20 Jun 30 ‘19 YoY Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 6,674 49 1,653 24 5,021 304 Accounts Receivable 1,195 9 1,052 15 143 14 Other Receivable 516 4 194 3 322 166 Inventories 1,906 14 1,537 23 36
Slide 7: Consolidated Statement of Cash Flows
Nuvoton Consolidated Statement of Cash Flows 1H’20 1H’19 YoY Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 229 277 (48) Cash Flows from Investing Activities (339) (140) (199) Cash Flows from Financing Activities 1,939 (47) 1,986 Cash & Cash Equivalents 6,674 1,653 5,021
Slide 8: Revenue and GM Trend - Consolidated
Nuvoton Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin Rate 歷史新高 3,000 2,944 3,061 50.0% 2,789 44.1% 2,684 2,642 42.4% 42.2% 2,584 41.3%41.1%40.6%41.5% 41.2% 2,471 41.2% 39.6% 40.2% 39.9% 40.3%40.0% 40.0%39.6% 2,500 2,406 2,410 39.4%39.5% 38.0% 38.3%38.7% 38.6% 2,296 4
Slide 9: 1H'20 Business Results & 2H'20 Business Outlook
Nuvoton 1H’20 Business Results & 2H’20 Business Outlook • 1H’20 Revenue by Product • 1H’20 Revenue by Application • Nuvoton 1H’20 Business Results • Nuvoton 2H’20 Business Outlook
Slide 10: 1H'20 Revenue by Product
1H’20 Revenue by Product Non-MCU 23% 23% HoH % MCU 0.1% Non-MCU -0.1% 77% 77% MCU Non-MCU 23% 23% YoY % MCU 0.3% Non-MCU -0.3% 77% 77% MCU Note: Foundry revenue was not included in the numbers .
Slide 11: 1H'20 Revenue by Application
1H’20 Revenue by Application Computer Automotive & Industrial 24% 32% HoH % 44% Computer 9% 2% Consumer 0% 53% Communication & Communication & Others -1% Others 3% Automotive & Industrial -8% 21% 21% Consumer Automotive & Computer Industrial 24% 26% YoY % Communication & Computer 7% 46% Others 2% Co
Slide 12: 1H'20 Business Results (1)
Nuvoton 1H’20 Business Results (1) 1H’20 YoY : Revenue +12%, Gross Margin +15%, EPS +0.17 • Key reasons for Revenue YoY Increase • Growth of NuMicro MCU applying on General-Purpose and Healthcare-Related Applications • Strong EC demand for Commercial NB (Work from Home) and Chromebook (Study from Ho
Slide 13: 1H'20 Business Results (2)
Nuvoton 1H’20 Business Results (2) • 1H’20 Main Achievements • Launched brand new M031 Series 3V Microcontroller with rich portfolio from 16KB ~ 512KB Flash • Cooperated with Amazon to provide an Alexa Connect Kit (ACK) by NuMaker- M032 development board easily migrate a traditional device to a smar
Slide 14: 1H'20 Business Results (3)
Nuvoton 1H’20 Business Results (3) • 1H’20 Main Achievements • Shipments of BMC product to both Enterprise and Hyperscale Data Center customers • New product USB Type-C port controller (TCPC) combined with NB EC (Embedded Controller) has been designed in Chromebook platforms • The contributions from
Slide 15: 2H'20 Business Outlook
Nuvoton 2H’20 Business Outlook • New Products and Developments • NuMicro Arm® Cortex®-M23 based M254 new ultra low-power MCU series with Touch and LCD for smart home appliances • Development of high processing power MCU and MPU for the industrial control and IoT gateway and edge devices • Released S
Slide 16: Panasonic Semiconductor Acquisition Update
Panasonic Semiconductor Acquisition Update • Acquisition Summary
Slide 17: Acquisition Summary
Acquisition Summary • Announced acquisition on November 28, 2019 • Approved the transaction price of land acquisition not over US$ 50M on May 19, 2020 • Collected NT$2,000M from issuing Nuvoton’s 1st Unsecured Convertible Corporate Bond on May 19, 2020 for financing this acquisition • Expected close
Slide 18: Questions & Answers
Questions & Answers Company website Nuvoton: www.nuvoton.com