Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q1 2020 Earnings Presentation
14 slides from Ase Technology's earnings presentation, Apr 29, 2020
Slide 1: ASE Technology Holding First Quarter 2020 Earnings Release
ASE Technology Holding First Quarter 2020 Earnings Release ASE Technology Holding Co., Ltd. April 29, 2020 1
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 Comprehensive Income
Consolidated Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q1 / 2020 % Q4 / 2019 % Q1 / 2019 % QoQ YoY Net Revenues: ATM 64,150 65.9% 66,769 57.5% 53,653 60.4% -4% 20% EMS 32,721 33.6% 48,734 42.0% 34,947 39.2% -33% -6% Others 486 0.5% 520 0.5% 261 0.4% -7% 86% To
Slide 4: ATM Statements of Comprehensive Income
ATM Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q1 / 2020 % Q4 / 2019 % Q1 / 2019 % QoQ YoY Net Revenues: Packaging 53,600 81.0% 56,093 81.0% 44,488 81.8% -4% 20% Testing 11,566 17.5% 11,932 17.2% 8,951 16.5% -3% 29% Direct Material 1,014 1.5% 1,228 1.8% 900 1.7
Slide 5: ATM Operations
ATM Operations (unaudited) NT$ Million 67,901 69,287 70,000 66,209 30% 59,594 60,000 14,708 15,697 54,371 13,334 11,100 50,000 8,438 22.7% 20% 21.7% 40,000 20.1% 18.6% 30,000 15.5% 10% 20,000 10,000 0 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Revenue Gross Profit Gross Margin 5
Slide 6: ATM Revenue by Application
ATM Revenue by Application (unaudited) 100% 34% 35% 33% 30% 31% 80% 60% 13% 14% 16% 15% 14% 40% 53% 51% 53% 54% 54% 20% 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Communication Computer Automotive, Consumer & Others 6
Slide 7: ATM Revenue by Type
ATM Revenue by Type (unaudited) 100% 2% 2% 2% 2% 2% 16% 17% 17% 17% 17% 80% 8% Material 8% 9% 7% 7% Testing 60% 40% 39% 37% 36% 36% Discrete and Other Wirebonding 40% Bump/FC/WLP /SiP 20% 38% 38% 34% 34% 35% 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 7
Slide 8: EMS Operations
EMS Operations Quarterly Comparison (unaudited) (NT$ Million) Q1 / 2020 % Q4 / 2019 % Q1 / 2019 % QoQ YoY EMS Net Revenues 32,727 100.0% 48,762 100.0% 34,959 100.0% -33% -6% Gross Profit 3,048 9.3% 4,319 8.9% 2,930 8.4% -29% 4% Operating Income (Loss) 771 2.4% 1,553 3.2% 738 2.1% -50% 4% EBITDA 1,57
Slide 9: EMS Operations: Revenue By Application
EMS Operations Revenue By Application (unaudited) 100% 1% 1% 1% 4% 5% 6% 4% 6% 9% 10% 11% 14% 15% 80% 32% 24% 41% 33% 60% 38% 14% 11% 40% 9% 14% 13% 20% 40% 43% 36% 36% 29% 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Communication Computer & Storage Consumer Industrial Automotive Others 9
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Mar. 31, 2020 Dec. 31, 2019 Cash and cash equivalent 73,829 60,131 Financial assets - current 5,611 4,893 Financial assets - non current & investments - equity method 14,750 15,663 Property, plant & equipment 234,419 232,093 Total assets 57
Slide 11: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) US$ Million 800 738 681 635 582 600 537 444 436 457 410 400 239 200 0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Capex EBITDA 11
Slide 12: Second Quarter 2020 Outlook
Second Quarter 2020 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the Second quarter of 2020 to be as follows: • In NTD terms, ATM 2nd quarter 2020 business should be similar to 3rd quarter 2019 levels; • ATM 2nd quarter 202
Slide 13: Thank You
Thank You w w w. a s e g l o b a l . c o m 13
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (unaudited) (NT$ Thousands) Q1/2019 Q2/2019 Q3/2019 Q4/2019 FY/2019 Q1/2020 Revenues 88,861,446 90,740,910 117,557,307 116,022,521 413,182,184 97,357,155 COGS 77,476,565 76,771,842 98,449,014 96,173,970 348,871,391 81,201,507 PPA under COGS
ASE Technology Holding — Q1 2020 Earnings Presentation on 6ix