Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q3 2021 Earnings Presentation
13 slides from Ase Technology's earnings presentation, Oct 28, 2021
Slide 1: ASE Technology Holding Third Quarter 2021 Earnings Release
ASE Technology Holding Third Quarter 2021 Earnings Release ASE Technology Holding Co., Ltd. October 28, 2021 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) Q3 / 2021 % Q2 / 2021 % Q3 / 2020 % QoQ YoY Net Revenues: ATM 88,791 58.9% 77,160 60.8% 69,497 56.4% 15% 28% EMS 61,116 40.6% 49,147 38.7% 53,126 43.1% 24% 15% Others 758 0.5% 619 0.5% 572 0.5% 22% 33% Tot
Slide 4: ATM Statements of Comprehensive Income
ATM Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q3 / 2021 % Q2 / 2021 % Q3 / 2020 % QoQ YoY Net Revenues: Packaging 75,221 83.5% 65,936 83.5% 58,417 81.3% 14% 29% Testing 13,416 14.9% 11,677 14.8% 12,351 17.2% 15% 9% Direct Material 1,429 1.6% 1,372 1.7% 1,020 1
Slide 5: ATM Operations
ATM Operations (unaudited) NT$ Million 100,000 90,092 40% 78,988 80,000 71,820 72,752 73,767 69,516 24,714 66,209 30% 20,210 14,540 16,478 18,007 60,000 13,334 15,082 27.4% 25.6% 24.4% 22.6% 20% 21.7% 40,000 20.1% 20.2% 10% 20,000 0 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Revenue Gross Profit G
Slide 6: ATM Revenue by Application
ATM Revenue by Application (unaudited) 100% 31% 32% 33% 34% 36% 36% 34% 80% 60% 15% 14% 14% 14% 15% 14% 14% 40% 54% 54% 53% 52% 50% 50% 51% 20% 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Communication Computing Automotive, Consumer & Others 6
Slide 7: ATM Revenue by Type
ATM Revenue by Type (unaudited) 100% 2% 2% 1% 2% 2% 2% 2% 17% 18% 17% 15% 15% 15% 15% 80% 8% 9% 9% 8% 8% Material 7% 7% Testing 60% 36% 35% 37% 39% 40% 42% 39% Discrete and Other Wirebonding 40% Bump/FC/WLP /SiP 20% 38% 38% 37% 36% 35% 34% 33% 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 7
Slide 8: EMS Operations
EMS Operations Quarterly Comparison & Revenue By Application (unaudited) 4 4 (NT$ Million) Q3 / 2021 % Q2 / 2021 % Q3 / 2020 % QoQ YoY EMS Net Revenues 61,127 100.0% 49,154 100.0% 53,137 100.0% 24% 15% Gross Profit 5,883 9.6% 4,476 9.1% 5,147 9.7% 31% 14% Operating Income (Loss) 2,658 4.3% 1,273 2.6
Slide 9: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Sept. 30, 2021 Jun. 30, 2021 Cash and cash equivalent 53,419 52,987 Financial assets - current 4,133 4,492 Financial assets - non current & investments - equity method 20,915 19,982 Property, plant & equipment 252,384 244,861 Total assets 6
Slide 10: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) US$ Million 1,175 1,200 976 1,000 908 879 751 788 800 635 611 600 495 471 468 410 415 379 400 200 0 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Capex EBITDA 10
Slide 11: Fourth Quarter 2021 Outlook
Fourth Quarter 2021 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2021 to be as follows: • In US dollar terms, our ATM 4th quarter 2021 business level should be similar to our 3rd quarter 2021 business
Slide 12: Thank You
Thank You w w w. a s e g l o b a l . c o m 12
Slide 13: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (unaudited) (NT$ Thousand) Q1/2020 Q2/2020 Q3/2020 Q4/2020 FY/2020 Q1/2021 Q2/2021 Q3/2021 Revenues 97,357,155 107,548,773 123,195,399 148,877,383 476,978,710 119,469,784 126,926,346 150,664,816 COGS 81,201,507 88,739,372 103,475,591 125,577
ASE Technology Holding — Q3 2021 Earnings Presentation on 6ix