Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q1 2024 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Apr 10, 2024
Slide 1: Nanya Technology Q1 2024 Investor Conference
Nanya Technology Q1 2024 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 10 Apr. 2024 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 1
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
1. Q1’24 Revenue & Results 2. CAPEX & Bit Shipment Contents 3. Market Outlook 4. Business Review & Outlook April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q1'24 Revenue & Results
01. Q1’24 Revenue & Results 4 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
Slide 5: Q1'24 Financial Results Summary
Q1’24 Financial Results Summary Q1’24 Amount in Million NT$, except for EPS & BVPS Q4’23 QoQ Q1’23 YoY (Unaudited) Net Sales 9,503 100% 8,704 100.0% 9.2% 6,425 100% 47.9% Gross Profit (Loss) Gross Margin(%) **-277 -2.9% -1,188 -13.6% - -554 -8.6% - Operating Income (Loss) Operating Margin(%) -2,918
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q1’24 vs. Q4’23 Q1’24 vs. Q1’23 Revenue +9.2% +47.9% Shipment Increased low-single digit% Increased low fifties% ASP Increased high-single digit% Decreased high-single digit% Exchange Rate Decreased low-single digit% Increased low-single digit% April 10, 2024︱© 2024
Slide 7: Q1'24 vs. Q4'23 Results Comparison
Q1’24 vs. Q4’23 Results Comparison Q1’24 QoQ Amount in Million NT$ Q4’23 Remarks (Unaudited) (PPT* Delta) ◼ Bit shipment increased low-single digit% Net Sales 9,503 8,704 9.2% ◼ ASP increased high-single digit% ◼ FX rate unfavorable low-single digit% Gross Profit (Loss) ◼ Gross loss decreased NT$ 91
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) (Million NT$) (Million NT$) Total: 7,576 Total: 2,401 2,214 648 1,787 600 1,795 602 551 583* 1,780 2,059* 2023 2024 2023 2024 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 8
Slide 9: Cash Flow
Cash Flow 2024 Q1 Cash Flow Q1’24 Unit: Million NT$ Unit: Million NT$ Q4’23 (Unaudited) 4,135 Beginning Balance 58,812 60,474 2,155 -2,851 Cash from Operating Activities 2,155 577 Cash from Operating Capital Financial Activities Expenditures Activities & Capital Expenditures -2,851 -2,189 Others Fin
Slide 10: CAPEX & Bit Shipment
02. CAPEX & Bit Shipment 10 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
Slide 11: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion ~ 26.0 20.7 Up > 20% Down Down 11.3 13.2 ~ Flat twenties% mid-single% 2.9 2021 2022 2023 2024E 2021 2022 2023 2024E CAPEX Bit Shipment (YoY) Capital ⚫ Q1’24 CAPEX was NT$ 2.9B Expenditure (CAPEX) ⚫ 2024 CAPEX to be up to NT$26B, in which WFE CAPEX accounts for ~50% ⚫
Slide 12: Market Outlook
03. Market Outlook 12 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
Slide 13: DRAM Market Outlook (Q2'24)
DRAM Market Outlook (Q2’24) Outlook ⚫ DRAM price expected to grow in 2024 as demands for AI servers, HBM and DDR5 increase. ⚫ Suppliers accelerate migrating to high-end products, which may lead to overall output constraint. ⚫ Market recovery momentum subjects to geopolitical conflicts and regional e
Slide 14: Business Review & Outlook
04. Business Review & Outlook 14 April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
Slide 15: Nanya Business Review & Outlook
Nanya Business Review & Outlook ◼ Nanya Q1’24 net loss NT$ 1,209 million, EPS NT$ -0.39 ◼ DRAM market recovery expected to continue in 2024 ◼ Nanya’s 2nd generation of 10nm-class (1B) products 8Gb DDR4 and 16Gb DDR5 to enter mass production in 2H’24 ◼ Selected for CDP's A lists in Climate Change and
Slide 16: April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
April 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Q1'24 Consolidated Income Statement
Q1’24 Consolidated Income Statement Q1’24 Q4’23 QoQ Q1’23 YoY Amount: Million NT$ (Unaudited) Net Sales 9,503 100.0% 8,704 100.0% 9.2% 6,425 100.0% 47.9% Cost of Goods Sold 9,780 102.9% 9,892 113.6% 6,979 108.6% Gross Profit (Loss) -277 -2.9% -1,188 -13.6% - -554 -8.6% - SG&A Expenses 583 6.1% 648 7