Slide 1: FY2023 2Q Financial Briefing
FY2023 2Q (Three month ended September 30th, 2023) Financial Briefing October 31st, 2023 Advantest Corporation All Rights Reserved - ADVANTEST CORPORATION 1 All Rights Reserved - ADVANTEST CORPORATION
Slide 2: NOTE
NOTE Accounting Standards – Our results and outlook, described in this presentation, have been prepared in accordance with IFRS. Cautionary Statement with Respect to Forward-Looking Statements – This presentation and any information provided orally by Advantest representatives contains “forward-look
Slide 3: Financial Results for FY2023 2Q
Financial Results for FY2023 2Q Yasuo Mihashi Senior Executive Officer, CFO & CSO (Chief Financial Officer & Chief Strategy Officer) Executive Vice President, Corporate Strategy Group All Rights Reserved - ADVANTEST CORPORATION 3 All Rights Reserved - ADVANTEST CORPORATION
Slide 4: FY23 2Q Summary of Results
FY23 2Q Summary of Results （¥B） FY22 FY23 2Q QoQ YoY 1Q 2Q 3Q 4Q 1Q Forecast Results Change (%) Change (%) Sales 135.9 138.9 138.0 147.4 101.3 112.7 116.2 +15.0 +14.8% -22.6 -16.3% Gross Profit 78.9 79.9 81.6 78.7 51.0 - 58.0 +7.1 +13.9% -21.8 -27.3% Gross Margin 58.1% 57.5% 59.1% 53.4% 50.3% - 49.9
Slide 5: Quarterly Sales by Segment
Quarterly Sales by Segment Semiconductor & Component Test 110.8 147.4 Systems Breakdown 98.8 98.6 23.9 138.9 96.1 135.9 138.0 19.0 18.6 81.2 80.2 81.3 17.3 17.1 17.2 70.5 18.7 116.8 116.2 60.1 9.4 112.1 11.9 78.8 79.8 80.0 86.9 101.3 63.1 64.1 61.1 62.5 48.2 90.9 （¥B） 98.8 110.8 96.1 98.6 FY21 FY22
Slide 6: Quarterly Sales by Region
Quarterly Sales by Region 147.4 135.9 138.9 138.0 6.5 3.6 4.2 6.2 21.5 116.8 28.6 116.2 112.1 4.6 28.6 31.1 5.7 5.1 101.3 Japan 25.9 35.2 4.2 90.9 19.7 26.1 S. Korea 3.7 10.4 （¥B） 40.8 27.7 Taiwan 21.2 49.5 25.1 19.0 China 37.0 39.9 Americas 45.5 25.3 Europe 34.7 45.4 34.1 39.0 Other 23.6 29.3 21.6
Slide 7: Sales / Gross Profit / Operating Income
Sales / Gross Profit / Operating Income 147.4 135.9 138.0 138.9 57.9% 58.1% 59.1% 56.7% 57.5% 50.3% 49.9% 55.0% 53.4% 116.2 116.8 101.3 112.1 90.9 （¥B） 78.9 79.9 81.6 78.7 64.8 66.3 32.9% 31.1% 26.2% 50.1 29.9% 29.9% 58.0 28.8% 51.0 44.8 43.1 18.1% 23.5% 41.2 33.5 33.7 38.6 14.1% 21.4 21.0 14.3 FY21
Slide 8: Investments / Cash Flow
Investments / Cash Flow ＜Investments＞ ＜Cash Flow＞ R&D Expenses Cash flows from operating activities Capital Expenditure Cash flows from investing activities Depreciation & Amortization Free cash flows 16.2 16.5 42.4 15.8 14.9 （ ¥B ） 14.8 （ ¥B ） 13.1 13.3 25.8 33.7 22.6 23.7 11.7 11.8 20.2 15.9 16.9
Slide 9: Financial Position
Financial Position ＜ Assets ＞ ＜ Liabilities & Equity ＞ 630.8 630.8 600.2 607.7 600.2 607.7 Trade & Other 567.3 77.7 Cash & Cash Equivalents 567.3 74.0 Payables 85.5 78.9 71.9 （¥B） （¥B） 89.3 Trade & Other 81.4 35.0 Short-term borrowings 114.9 78.6 Receivables 13.4 34.5 Other Current 66.0 63.6 Liabili
Slide 10: FY2023 Outlook
FY2023 Outlook Yoshiaki Yoshida Representative Director, President, Group CEO All Rights Reserved - ADVANTEST CORPORATION 10 All Rights Reserved - ADVANTEST CORPORATION
Slide 11: Business Environment / Semiconductor Tester Market Trends: Oct. 2023 Outlook
Business Environment / Semiconductor Tester Market Trends: Oct. 2023 Outlook ＜ Business Environment ＞ – Recovery of global economy is lagging, including the economic slowdown in China. In addition, business environment remains highly uncertain due to factors such as the expansion of geopolitical ris
Slide 12: FY23 Forecast
FY23 Forecast （¥B） FY23 Change vs. Prior Full- FY22 Year Forecast vs. FY22 FY23 1H 2H Full-year Results 1Q 2Q Results Forecast Forecast Change Forecast Change (%) as of July Results Results Sales*1 560.2 101.3 116.2 217.5 252.5 470.0 -90.2 -16.1% 480.0 -10.0 Operating Income 167.7 14.3 21.0 35.3 44.
Slide 13: FY23 Outlook by Segment
FY23 Outlook by Segment Semiconductor & Component Test Systems Semiconductor & Component Test Systems Sales Trends (¥B) 404.3 Memory Testers ＜ SoC Testers ＞(-¥20.0B vs July forecast) vs FY22 SoC Testers 78.8 -20% – Despite a solid trend for mature processes, demand for 324.0 advanced processes is ex
Slide 14: FY23 Outlook by Segment
FY23 Outlook by Segment Mechatronics Sales Trends (¥B) Mechatronics Systems (+¥6.0B vs July forecast) – Sales are expected to exceed the July forecast, as sales forecast has been revised upward for device interface 59.9 products and test handlers in conjunction with an increase in 48.0 vs FY22 40.0
Slide 15: Business Opportunities Arising from Generative AI (I)
Business Opportunities Arising from Generative AI (I) Advanced Packages such as 2.5D/3D Miniaturization/Scaling leading to Complexity Diversification of Supply Chains Increase in test time Response to new challenges such as Geopolitical risks leading to due to greater emphasis on testing new failure
Slide 16: Business Opportunities Arising from Generative AI (II)
Business Opportunities Arising from Generative AI (II) 4.Expansion of Business Opportunities for the Entire Semiconductor Supply Chain AI test generation AI stable operation AI, Data Analytics AI productivity AI quality enhancement by Advantest Cloud SolutionsTM (ACS) enhancement Our Core Business A
Slide 17: Summary
Summary • Full-year earnings forecast is revised downward – Sales forecast is lowered by ¥10.0 billion from the July forecast due to slower recovery in smartphone-related demand – Despite improvement in tester demand for high-performance semiconductors such as HPC/AI, digestion of excess tester capa
Slide 18: Other Topics
Other Topics • Integrated Annual Report 2023 Published ※ Web Link ：https://www.advantest.com/about/annual.html • Sustainability Data Book 2023 Published ※ Web Link：https://www.advantest.com/sustainability/report/ • IR Technical Briefing on Memory Tester Business scheduled for November 29th 18 All Ri
Slide 19: All Rights Reserved - ADVANTEST CORPORATION
All Rights Reserved - ADVANTEST CORPORATION