Amkor Technology, Inc. · NASDAQ:AMKR
Amkor Technology — Investor Presentation (May 2024)
26 slides from Amkor Technology's investor presentation, May 2024
Slide 1: Enabling The Future
Enabling The Future Amkor Technology Investor Presentation May 2024 © 2024 Amkor Technology, Inc.
Slide 2: Disclaimer
Disclaimer Non-GAAP Measures This presentation contains certain measures that are not defined terms under U.S. generally accepted accounting principles (“GAAP”). These non-GAAP measures should not be considered in isolation or as a substitute for, or superior to, measures of liquidity or performance
Slide 3: Amkor's Strong Track Record
Amkor’s Strong Track Record Trusted Partner Building the Future Leadership Position Founded in 1968 $749M #1 2023 CapEx Automotive OSAT Engaged with Industry Best in Class Leaders R&D $6.5B Revenue in 2023 Drives Innovation Broad geographic footprint 11 12M Countries sq ft (1.1M sqm) Manufacturing S
Slide 4: Megatrends Propel Semiconductor Growth
Megatrends Propel Semiconductor Growth Semiconductor Market Generative AI and ($ in billions) $1 Trillion $1,000 Connected Trends Smartphones Data Centers Gaming Laptop Home Audio $500 Desktop AI Mobile 5G $0 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2030E Source: Gartner, McKinsey
Slide 5: Packaging and Test Integral to Semiconductor Supply Chain
Packaging and Test Integral to Semiconductor Supply Chain Early design engagement with OEMs and semiconductor companies enhances packaging innovation Original Equipment Semiconductor Wafer Packaging Final Product Manufacturers Companies Manufacturing and Test Assembly Smartphone & Tablet Fabless Waf
Slide 6: Amkor's Turnkey Service Offering
Amkor’s Turnkey Service Offering Reduce Cycle Time, Increase Value Design Materials Wafer Bump, Package Final Test Drop Innovation Management Probe, Dicing Assembly SLT Ship Leadframe, Power MEMS & Sensors Memory Flip Chip, PoP MCM 2.5D, 3D SiP, Heterogeneous WLFO Integration © 2024 Amkor Technology
Slide 7: Strategic Focus Areas Leverage Our Key Differentiators
Strategic Focus Areas Leverage Our Key Differentiators Technology Geographic Footprint Markets Leverage Advanced Packaging Leadership Support Global & Enable Local Supply Chains Focus on Industry Megatrends Tier 1 OSAT with complete Advanced Broadest OSAT 5G communications packaging and test portfol
Slide 8: Amkor is an Advanced Packaging Leader
Amkor is an Advanced Packaging Leader Industry Megatrends Rely on Advanced Packaging Innovation Heterogeneous Integration Miniaturization Power Management Improved Performance © 2024 Amkor Technology, Inc. 8
Slide 9: Broad Geographic Footprint
Broad Geographic Footprint 12 Million Square Feet (1.1M sqm) of Manufacturing Space KOREA 4.44M sf (0.41M sqm) JAPAN 1.77M sf (0.16M sqm) PORTUGAL SHANGHAI 0.52M sf (0.05M sqm) 1.40M sf (0.13M sqm) TAIWAN 1.12M sf (0.10M sqm) VIETNAM 1.18M sf (0.11M sqm) PHILIPPINES 1.32M sf (0.12M sqm) MALAYSIA 0.3
Slide 10: Diversified End Markets
Diversified End Markets Leveraged to Industry Megatrends 2023 Results 50% 21% 16% 13% Automotive & Communications Industrial Computing Consumer Smartphones l Tablets ADAS I Electrification Data Center I Infrastructure A/R & Gaming I Connected Infotainment l Safety PC/Laptops I Storage Home I Home El
Slide 11: Communications
Communications Amkor Supports All Smartphone Functions RF Front Sub-6 Ghz & End mmWave Megatrend Drivers Sub-system Sensors Modules Enhanced 5G connectivity Increasing performance requirements Apps Processor 6G Storage Expanding features Baseband 5G Wireless Charging 4G © 2024 Amkor Technology, Inc.
Slide 12: Automotive Electrification
Automotive Electrification Amkor is the Leading Automotive OSAT AD & ADAS SiC Megatrend Drivers Instrument EV Clusters Autonomous functionality Infotainment, telematics, digital cockpit In-car Electrification V2X Networking LIDAR Power Radar Modules © 2024 Amkor Technology, Inc. 12
Slide 13: High Performance Computing
High Performance Computing Amkor’s Capabilities Support All Big Data Requirements Machine Learning ARM Hyperscale Megatrend Drivers Expanding cloud requirements for data Artificial HPC Intelligence center and infrastructure Increased storage needs Hetero- Cloud De-verticalization, new fabless entran
Slide 14: IoT Consumer Products
IoT Consumer Products Amkor is Enabling the Proliferation of IoT Apps PMIC Processor Megatrend Drivers System Health Ultra small form factor with multiple Modules Sensor functions Hearables, wearables, fitness and health, smart homes Wireless Connected everything GPS Charging Connectivity Security ©
Slide 15: CapEx Supports Growth and Innovation
CapEx Supports Growth and Innovation Capital Expenditures Expect 2024 ($ in millions) Capital Expenditures(2) 12.7% of Around 12.8% 11.7% 10.9% 11.5% $750M $908 $780 $749 Key Areas of Investment $553 Advanced Technology: SiP, 2.5D, $472 Wafer Level Packaging, MEMS Expanding in Portugal, Taiwan 2019
Slide 16: Financial Results
Financial Results ($ in millions except for EPS) Revenue EPS $7,092 $3.11 $6,138 $6,503 $2.62 $5,051 $4,053 $1.40 $1.46 $0.50 (3) 2019 2020 2021 2022 2023 2019 2020 (4) 2021 2022 2023 Operating Income EBITDA* 12.4% 12.7% 21.7% 21.5% 18.6% 19.0% 9.1% 17.4% 7.2% 5.8% $897 $1,529 $763 $1,331 $1,135 $45
Slide 17: Free Cash Flow and Balance Sheet Position
Free Cash Flow and Balance Sheet Position ($ in millions) Free Cash Flow* Positive Balance Sheet Trends $1,595 $1,241 $1,079 $901 Increased $832 Liquidity $534 Reduced Leverage $344 $549 $221 $194 $322 $59 ($9) $104 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 ($392) Total Cash and Short Term I
Slide 18: Enhancing Shareholder Value
Enhancing Shareholder Value Invest in Organic Growth Strategic Investments ▶ Invest in manufacturing scale and in diversifying ▶ Support regional semiconductor supply chains global footprint ▶ Selective M&A for strategic business growth ▶ Invest in R&D to enhance technology in partnership with lead
Slide 19: Embedded ESG Commitment
Embedded ESG Commitment Mission Pursue agile and dependable manufacturing that drives sustainable practices, aligns with our core values of reliability and trust and maintains our commitments to customers, suppliers, employees, business partners and shareholders Reporting Frameworks ▶ SASB Semicondu
Slide 20: Elevating Our Leadership Position
Investment Appeal Advanced packaging technology focus and leadership Elevating Our Geographically diverse manufacturing footprint Leadership Position Leveraged to industry megatrends 5G, Automotive, HPC, IoT © 2024 Amkor Technology, Inc. 20
Slide 21: Appendix
Appendix © 2024 Amkor Technology, Inc. 21
Slide 22: Financial Reconciliation Tables
Financial Reconciliation Tables (3),(5) ($ in millions) 2019 2020 (4) 2021 2022 2023 Net Income $123 $340 $646 $767 $362 Plus: Interest Expense 72 64 52 59 59 Plus: Income Tax Expense 37 46 69 90 82 Plus: Depreciation & Amortization 524 510 564 613 632 EBITDA* $756 $960 $1,331 $1,529 $1,135 Net Sale
Slide 23: Financial Reconciliation Tables
Financial Reconciliation Tables ($ in millions) 2019 2020 2021 2022 2023 Net Cash Provided by Operating Activities $564 $770 $1,121 $1,099 $1,270 Less: Purchases of Property, Plant and Equipment (472) (553) (780) (908) (749) Plus: Proceeds from Sale of, Insurance Recovery for 12 4 3 3 13 ………and Gran
Slide 24: Non-GAAP Measures
Non-GAAP Measures Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accord
Slide 25: Endnotes
Endnotes 1. Capital intensity is defined as capital expenditures as a percentage of net sales. 2. This financial guidance is from our April 29, 2024 earnings release and is reproduced here for convenience of reference only. This reference is not intended, and should not be relied upon, as a reaffirm
Slide 26: Thank You
ENABLING the FUTURE Thank You © 2024 Amkor Technology, Inc. amkor.com l