Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q4 2021 Earnings Presentation
21 slides from Nanya Technology's earnings presentation, Jan 26, 2022
Slide 1: Nanya Technology Q4 2021 Investor Conference
Nanya Technology Q4 2021 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 26 January 2022 January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 2: Safe Harbor
Safe Harbor The information herein and the presentation made during the conference contain forward-looking statements. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements or undertakes duty to update the state
Slide 3: Contents
01 Q4’21 Revenue & Results 02 2021 Revenue & Results Contents 03 CAPEX & Bit Shipment 04 Market Outlook 05 Business Review & Outlook January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q4'21 Revenue & Results
Q4’21 REVENUE & RESULTS 01 January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q4'21 Financial Results Summary
Q4’21 Financial Results Summary Q4’21 Amount in Million NT$, Q3’21 QoQ Q4’20 YoY except for EPS & BVPS (Unaudited) Net Sales 21,399 100% 23,837 100% -10.2% 14,773 100% 44.8% Gross Profit (Loss) Gross Margin(%) 10,563 49.4% 11,735 49.2% -10.0% 3,251 22.0% 224.9% Operating Income (Loss) 8,023 37.5% 9,
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q4’21 vs. Q3’21 Q4’21 vs. Q4’20 Revenue -10.2% +44.8% Shipment Decreased mid-single digits% Decreased mid-teens% ASP Decreased low-single digits% Increased eighties% Exchange Rate 0% -3.3% Q4’21 Revenue decreased by 10.2% QoQ Q4’21 Bit shipment decreased by mid-
Slide 7: Q4'21 vs. Q3'21 Results Comparison
Q4’21 vs. Q3’21 Results Comparison Q4’21 QoQ Q3’21 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta) Bit shipment decreased mid-single digits% Net Sales 21,399 23,837 -10.2% ASP decreased low-single digits% Gross Profit (Loss) Q4’21 Gross profit decreased NT$ 1,172M, 10,563 49.4% 11,735 4
Slide 8: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 59% 55% 53% Gross Margin, Operating Margin (%) Revenue, Net Income (Million NT$) 50% 52% 51% 23,837 49.4% 47% 44% 44% 44% 22,637 49.2% 42% 41% 21,399 40% 39% 42.3% 20,000 38.1% 40% 35% 1
Slide 9: Operating Expenses
Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number * NT$ 7,499* NT$ 2,359 NT$2,119 585 1,955 509 Q4 NT$5,138 503 642 * 1,439 Q4 2,020 Q3 1,389 Q3 574 Q2 639 1,882 1,239 Q2 533 Q1 492 1,643 1,071 Q1 2020 2021 2020 2021 Note: 2021 R&D expens
Slide 10: Cash Flows
Cash Flows 2021 Cash Flow Q4’21 Unit: Million NT$ Q3’21 Unit: Million NT$ (Unaudited) -11,260 -3,808 * Beginning Balance 71,558 67,738 44,034 Capital Cash from Operating Expenditures Financial 13,899 11,041 Activities Activities & Others Capital Expenditures -4,741 -3,801 Cash from Financial Activit
Slide 11: 2021 Revenue & Results
02 January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 11
Slide 12: 2021 Consolidated Income Statement
2021 Consolidated Income Statement 2021 2020 YoY Amount: Million NT$ (Unaudited) Net Sales 85,604 100.0% 61,006 100.0% 40.3% Cost of Goods Sold 48,560 56.7% 45,314 74.3% Gross Margin 37,044 43.3% 15,692 25.7% 136.1% SG&A Expenses 2,359 2.8% 2,119 3.5% R&D Expenses 7,499 8.8% 5,138 8.4% Operating Inc
Slide 13: 2021 vs. 2020 Results Comparison
2021 vs. 2020 Results Comparison YoY 2021 2020 (PPT* Remarks (Unaudited) Delta) Amount in Million NT$ Bit shipment relatively flat YoY Net Sales 85,604 61,006 40.3% ASP increased by >40% YoY FX negative impact 5.3% Gross Income (Loss) Gross Income increased by NT$ 21,352M mainly 37,044 43.3%
Slide 14: CAPEX & Bit Shipment
03 CAPEX & BIT SHIPMENT January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion 28.0 Mid-thirties % Mid-thirties% 20.4 11.3 Low- 8.5 teens% 5.5 ~ Flat ~ Flat 2018 2019 2020 2021 2022 E 2018 2019 2020 2021 2022 E CAPEX Bit Shipment (YoY) Capital Q4’21 CAPEX NT$ 4.7 billion (B) 2021 CAPEX NT$ 11.26B Expenditure(CAPEX) 2022 CAPEX plan estimat
Slide 16: Market Outlook
04 MARKET OUTLOOK January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Market Outlook (2022)
Market Outlook(2022) 2022: Demand from Cloud computing, Smartphone, PC and Consumer remain healthy Outlook Component shortage alleviated in 2H’22, and DDR5 and new CPU gradually increase Cautions on high inflation and geopolitical tensions may impact on demand growth In general, cautiously o
Slide 18: Business Review & Outlook
BUSINESS REVIEW & OUTLOOK 05 January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 18
Slide 19: Nanya Business Review & Outlook
Nanya Business Review & Outlook Named to the Dow Jones Sustainability (DJSI) World Index 2021 financial result, revenue NT$ 85.6B, GM 43%, OPM 32%, EPS 7.40 2022 DRAM market outlook cautiously optimistic 1st 10nm-class technology small volume production expected in Q3’22 2nd 10nm-class pro
Slide 20: Thanks & Questions
Thanks & Questions January 26, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 20
Slide 21: Q4'21 Consolidated Income Statement
Q4’21 Consolidated Income Statement Q4’21 Q3’21 QoQ Q4’20 YoY Amount: Million NT$ (Unaudited) Net Sales 21,399 100.0% 23,837 100.0% -10.2% 14,773 100.0% 44.8% Cost of Goods Sold 10,836 50.6% 12,102 50.8% 11,522 78.0% Gross Margin 10,563 49.4% 11,735 49.2% -10.0% 3,251 22.0% 224.9% SG&A Expenses 585