Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q2 2022 Earnings Presentation
19 slides from Nanya Technology's earnings presentation, Jul 11, 2022
Slide 1: Nanya Technology Q2 2022 Investor Conference
Nanya Technology Q2 2022 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 11 July, 2022 July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
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
01 Q2’22 Revenue & Results 02 CAPEX & Bit Shipment Contents 03 Market Outlook 04 Business Review & Outlook July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 4: Q2'22 Revenue & Results
Q2’22 REVENUE & RESULTS 01 July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 5: Q2'22 Financial Results Summary
Q2’22 Financial Results Summary Q2’22 Amount in Million NT$, Q1’22 QoQ Q2’21 YoY except for EPS & BVPS (Unaudited) Net Sales 18,031 100% 19,946 100% -9.6% 22,637 100% -20.4% Gross Profit (Loss) Gross Margin(%) 7,958 44.1% 8,750 43.9% -9.1% 9,583 42.3% -17.0% Operating Income (Loss) 5,364 29.8% 6,262
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q2’22 vs. Q1’22 Q2’22 vs. Q2’21 Revenue -9.6% -20.4% Shipment Decreased high-single digits% Decreased mid-twenties% ASP Decreased mid-single digits% Increased low-single digits% Exchange Rate Increased mid-single digits% Increased mid-single digits% Q2’22 Revenue
Slide 7: Q2'22 vs. Q1'22 Results Comparison
Q2’22 vs. Q1’22 Results Comparison Q2’22 QoQ Q1’22 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta) Bit shipment decreased high single digits% Net Sales 18,031 19,946 -9.6% ASP decreased mid-single digits% FX positive of mid-single digits% increase Gross Profit (Loss) Q2’22 Gross profi
Slide 8: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 59% 55% 53% Gross Margin, Operating Margin (%) 52% Revenue, Net Income (Million NT$) 51% 49.2% 49.4% 47% 44% 43.9% 44.1% 42% 42.3% 41% 20,000 38.1% 37.5% 19,946 40% 35% 18,031 30.6% 29.1
Slide 9: Operating Expenses
Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number NT$ 2,358 NT$ 7,500 584 Q4 1,956 Q4 642 Q3 * 2,020 Q3 663 * * 639 Q2 1,882 Q2 1,931 492 Q1 594 1,643 Q1 1,895 2021 2022 2021 2022 July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Ri
Slide 10: Cash Flows
Cash Flows 2022 1H Cash Flow Unit: Million NT$ Q2’22 Q1’22 -6,544 3,173 Unit: Million NT$ (Unaudited) Beginning Balance 92,537 80,700 17,446 Financial Capital Activities Expenditures Cash from Operating & Others *6,128 11,318 Cash from Activities Operating Activities Capital Expenditures -5,379 -1,1
Slide 11: CAPEX & Bit Shipment
02 CAPEX & BIT SHIPMENT July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 12: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion 28.4 Plan Mid-thirties % Mid-thirties% 20.4 11.3 Low- 8.5 25B teens% 5.5 (estimate) Flat ~ ~ Flat down 2018 2019 2020 2021 2022 E 2018 2019 2020 2021 2022 E CAPEX Bit Shipment (YoY) Capital Q2’22 CAPEX NT$ 5.4 billion (B) Expenditure(CAPEX) 2022 CAPEX plan up to
Slide 13: New FAB Plan
New FAB Plan • 12-inch DRAM FAB 1 • R&D Center • Water Resource Recycling Center • Total investment is approximate NTD 300B • The investment plan will take 3 phases • 10nm-class (1A/1B/1C/1Dnm) process • Advanced with EUV • approximately 45,000 wafers / month (after 3 phases) • 1st Phase production
Slide 14: Market Outlook
03 MARKET OUTLOOK July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 15: Market Outlook (2H'2022)
Market Outlook(2H’2022) Outlook Weaker DRAM market outlook due to high inflations, Russia-Ukraine Conflict and China COVID-19 control measures, supply chain disruption and consumer spending weakness Short-term market correction. Long-term DRAM demand remains positive outlook on 5G, AI, cloud com
Slide 16: Business Review & Outlook
BUSINESS REVIEW & OUTLOOK 04 July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 17: Nanya Business Review & Outlook
Nanya Business Review & Outlook Finance • Cash dividend NT$ 3.7/share will be distributed on July 26, 2022 • Q2’22 EPS NT$ 2.12/share; 1H’22 EPS NT$ 4.24/share Operation • New FAB groundbreaking on June 23, 2022 • 1st 10nm-class (1A) product sampling • 2nd 10nm-class (1B) piloting • 3rd 10nm-class (
Slide 18: Thanks & Questions
Thanks & Questions July 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.
Slide 19: Q2'22 Consolidated Income Statement
Q2’22 Consolidated Income Statement Q2’22 Q1’22 QoQ Q2’21 YoY Amount: Million NT$ (Unaudited) Net Sales 18,031 100.0% 19,946 100.0% -9.6% 22,637 100.0% -20.4% Cost of Goods Sold 10,072 55.9% 11,196 56.1% 13,054 57.7% Gross Margin 7,958 44.1% 8,750 43.9% -9.1% 9,583 42.3% -17.0% SG&A Expenses 663 3.7