Aspeed Technology, Inc. · TPEX:5274

Aspeed Technology — Q4 2022 Earnings Presentation

24 slides from Aspeed Technology's earnings presentation, Mar 30, 2023

1. Slide 1: ASPEED Technology Investor Conference 4Q22

   ASPEED Technology Investor Conference 4Q22 March, 30th , 2023 © ASPEED Technology. Property and Confidential​

2. Slide 2: Safer Harbor Notice

   投資安全聲明 信驊科技所提供之資訊 (除歷史資訊外)屬預測性陳述，受到各種風險及不確定性因素影響，可能造成實 際結果與陳述內容發生顯著不符，這些不確定性因素包括: 受到競爭性產品及定價之影響、設計是否及 時被客戶接受、新技術是否及時導入利用、新產品大量量產之能力、產業及市場對產品之供給及需求移 轉、產業及市場是否供給過剩、製造產能可得利用情況、終端市場之財務穩定性、人才留任困難之可能 性、無法預期之成本和費用、任何併購相關之不確定性，如主管機關核准之取得 或整合延遲、重要客 戶之流失、法律或行政訴訟之涉及、可能會影響營運之新法規、外匯匯率之波動、全球經濟因素或非經 濟因素之影響及其他風險因素等

3. Slide 3: Agenda

   Agenda ● 4Q22 & Year 2022 Financial Results ● 2023 Business Outlook ● Product & Technology Development ● Q&A © ASPEED Technology. Property and Confidential​

4. Slide 4: 4Q22 & Year 2022 Financial Results

   4Q22 & Year 2022 Financial Results © ASPEED Technology. Property and Confidential​

5. Slide 5: Income Statement

   Income Statement Unit : NTD 1,000 4Q22 3Q22 4Q21 4Q22 4Q22 Over Over NTD % NTD % NTD % 3Q22 4Q21 Operating Revenue 1,326,707 100.00 1,306,580 100.00 1,031,347 100.00 1.54% 28.64% Gross Profit 859,687 64.80 845,837 64.74 682,380 66.16 1.64% 25.98% Operating Expenses 243,090 18.32 253,269 19.38 186,37

6. Slide 6: Consolidated Revenue

   Consolidated Revenue Unit : NTD 1,000 1,400,000 68.00% 6,000,000 65.40% 1,200,000 66.00% 5,000,000 65.20% 1,000,000 64.00% 4,000,000 65.00% 800,000 62.00% 64.80% 3,000,000 600,000 60.00% 64.60% 400,000 58.00% 2,000,000 64.40% 200,000 56.00% 1,000,000 64.20% 0 54.00% 0 64.00% Q4'21 Q3'22 Q4'22 2021 2

7. Slide 7: Consolidated Operating Expenses

   Consolidated Operating Expenses Unit : NTD 1,000 300,000 1,000,000 250,000 800,000 200,000 600,000 150,000 400,000 100,000 50,000 200,000 0 0 Q4'21 Q3'22 Q4'22 2021 2022 Sales Admin R&D 2021 2022 Quarterly Q4'21 Q3'22 Q4'22 YoY QoQ Year 2021 2022 YoY Operating Operating 186,372 253,269 243,090 30.43

8. Slide 8: Consolidated Net Income

   Consolidated Net Income Unit : NTD 1,000 700,000 50.00% 2,500,000 41.00% 600,000 40.00% 40.00% 2,000,000 39.00% 500,000 30.00% 1,500,000 38.00% 400,000 37.00% 300,000 20.00% 1,000,000 36.00% 200,000 35.00% 10.00% 500,000 100,000 34.00% 0 0.00% 0 33.00% Q4'21 Q3'22 Q4'22 2021 2022 Net Income Net Prof

9. Slide 9: Consolidated Tax

   Consolidated Tax Unit : NTD 1,000 200,000 25.00% 600,000 52.00% 20.00% 500,000 50.00% 150,000 400,000 48.00% 15.00% 100,000 300,000 46.00% 10.00% 200,000 44.00% 50,000 5.00% 100,000 42.00% 0 0.00% 0 40.00% Q4'21 Q3'22 Q4'22 2021 2022 Tax Tax of Net Income Before Tax Tax Tax of Net Income Before Tax

10. Slide 10: Consolidated EPS

    Consolidated EPS Unit : NTD $18.00 $60.00 $16.00 $14.00 $50.00 $12.00 $40.00 $10.00 $8.00 $30.00 $6.00 $20.00 $4.00 $2.00 $10.00 $0.00 $0.00 Q4'21 Q3'22 Q4'22 2021 2022 Quarterly Q4'21 Q3'22 Q4'22 YoY QoQ Year 2021 2022 YoY EPS $11.14 $15.83 $12.59 13.02% -20.47% EPS $38.30 $55.72* 45.48% *2022 EPS

11. Slide 11: Dividend Policy

    Dividend Policy 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Cash dividend (F) 5.5 7 8 12 15 18 22 26 35 45* Stock dividend (F) 0 2 0 0 0 0 0 0 0 0* Dividend form capital 1 0 0 0 0 0 0 0 1 0* reserves (F) Total Dividend 6.5 9 8 12 15 18 22 26 36 45* EPS 7.4 10.72 10.79 14.07 15.7 20.2 24.39 29.

12. Slide 12: Business Outlook

    Business Outlook Based on the exchange rate assumption of 1 US dollar to 30.5 NT dollars: ● Guidance for year 2023 YoY revenue growth: Flat to 5% ● Gross margin: Between 63% and 65% © ASPEED Technology. Property and Confidential​

13. Slide 13: Product & Technology Development

    Product & Technology Development © ASPEED Technology. Property and Confidential​

14. Slide 14: Product Portfolio Cloud & Enterprise Smart AV

    Product Portfolio Cloud & Enterprise Smart AV © ASPEED Technology. Property and Confidential​

15. Slide 15: Cloud & Enterprise Product Line

    Cloud & Enterprise Product Line Enrich Product Variety Per Server Machine AST1030 AST1035 BIC Bridge IC AST1060 PFR Platform Firmware BMC Resilience Baseboard Mgt. AST2500 Controller I/O Pilot 4 Expander AST2600 © ASPEED Technology. Property and Confidential​

16. Slide 16: Cloud & Enterprise: New Applications to Expand TAM

    Cloud & Enterprise New Applications to Expand Total Available Market (TAM) Network AI Server Switch Computing Edge Server Computing Network Storage © ASPEED Technology. Property and Confidential​

17. Slide 17: AI Server Structure

    AI Server Structure ● BMC per AI Server: 3 ~ 5 ○ GPU Tray: 1~2 ○ Motherboard: 1 GPU(s) ○ SmartNIC: 1 ~ 2 Motherboard BMC BMC SmartNIC BMC SmartNIC BMC © ASPEED Technology. Property and Confidential​

18. Slide 18: I/O Expander Structure

    I/O Expander Structure ● Compelling cost structure ● Much more I/O interface ● Power effective Peripheral Peripheral PeripheralPeripheral …… Peripheral Peripheral …… Power Debug Power CPU Sequencer CPU Sequencer I/O FPGA Main FPGA Expander DC-SCI 2.0 DC-SCI 2.0 SCM FPGA BMC PFR BMC PFR Regular Struc

19. Slide 19: Bridge IC (BIC) Structure

    Bridge IC (BIC) Structure CPU card BIC CPU card Baseboard BIC BMC CPU card BIC Baseboard BOM CPU card BIC © ASPEED Technology. Property and Confidential​

20. Slide 20: Smart AV Product Line

    Smart AV Product Line AST1520 AST1220 AST1230 Live 3D Digital Twin AST1530 AST1535 AST1520 AST1525 AST1220 Applications AST1530 AST1535 AST1230 AST1530/1535 AST1535 Applications AST1630 • Video Wall AST1620 • Pro AV AST1630 • ImmersiveX AST1630 • Digital Signage • Video Conference • Command Center •

21. Slide 21: ImmersiveX Experience

    ImmersiveX Experience Smart Factory Smart City © ASPEED Technology. Property and Confidential​

22. Slide 22: Cupola360 Live 3D Digital Twin

    Cupola360 Live 3D Digital Twin © ASPEED Technology. Property and Confidential​

23. Slide 23: Q&A

    Q&A © ASPEED Technology. Property and Confidential​

24. Slide 24: © ASPEED Technology. Property and Confidential​

    © ASPEED Technology. Property and Confidential​

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