Ememory Technology, Inc. · TPEX:3529

Ememory Technology — Q3 2022 Earnings Presentation

22 slides from Ememory Technology's earnings presentation, Nov 9, 2022

1. Slide 1: 2022第三季法人說明會

   2022第三季法人說明會 2022/11/09 Embedded Wisely, Embedded Widely Embedded Wisely, Embedded Widely

2. Slide 2: 智慧財產權聲明

   智慧財產權聲明 All rights, titles and interests contained in this information, texts, images, figures, tables or other files herein, including, but not limited to, its ownership and the intellectual property rights, are reserved to eMemory. This information may contain privileged and confidential informati

3. Slide 3: 投資安全聲明

   投資安全聲明 This presentation contains forward-looking statements, which are subject to risk factors associated with semiconductor and intellectual property business. It is believed that the expectations reflected in these statements are reasonable. But they may be affected by a variety of variables, man

4. Slide 4: Contents

   Contents 1 營運回顧 2 未來展望 3 Q&A 4 附錄 Embedded EmbeddedWisely, Wisely,Embedded EmbeddedWidely Widely 4

5. Slide 5: 營運回顧

   營運回顧 Embedded Wisely, Embedded Widely 5

6. Slide 6: 第三季綜合損益表

   第三季綜合損益表 (thousands of NT dollars) Change Change Change Q3 2022 Q2 2022 Q3 2021 Q1-Q3 2022 Q1-Q3 2021 (QoQ) (YoY) (YoY) Revenue 790,608 796,292 -0.7% 594,277 33.0% 2,314,007 1,732,426 33.6% Gross Margin 100% 100% - 100% - 100% 100% - Operating Expenses 345,160 336,197 2.7% 277,611 24.3% 995,203 795,

7. Slide 7: 第三季營收貢獻分析

   第三季營收貢獻分析 22Q3 in comparison to 22Q2 Revenue Breakdown $1,000,000 22Q2 22Q3 Royalty 81.7% $500,000 $0 Licensing Licensing Royalty 18.3% Revenue NT$ Thousands Q3 2022 Q2 2022 Change (QoQ) Q3 2021 Change (YoY) Q1-Q3 2022 Q1-Q3 2021 Change (YoY) Licensing 144,631 200,729 -27.9% 188,667 -23.3% 536,968 5

8. Slide 8: 第三季營收分析 – 產品線

   第三季營收分析 – 產品線 • NeoFuse licensing down 28.6% QoQ and 28.1% YoY because many NeoFuse customers adopted PUF-based solutions, such as Root of Trust, to upgrade their security functions. Since the royalties for PUF-based solutions consist of both PUF-based royalties and existing NeoFuse royalties, it wi

9. Slide 9: 第三季營收分析 – Wafer Size

   第三季營收分析 – Wafer Size Q3 Royalty Breakdown • 8-inch wafers contributed 46.7% of royalty, down 0.8% 12-inch sequentially but up 42.3% yearly. 53.3% • 12-inch wafers contributed 53.3% of royalty, up 18.1% QoQ and 77.9% YoY. 8-inch 46.7% Q3 2022 Q1-Q3 2022 Wafer Size % of Q3 Change (QoQ) Change (YoY) %

10. Slide 10: 未來展望

    未來展望 Embedded Wisely, Embedded Widely 10

11. Slide 11: 未來展望

    未來展望 Licensing & Royalty: New IP Technology & Business Development:  Decline in licensing this year was due to  NeoFlash technology platforms are waiving technology license fees but developed in several foundries, targeting increasing production royalties for several embedded flash market. foundri

12. Slide 12: Q&A

    Q&A Embedded Wisely, Embedded Widely 12

13. Slide 13: 附錄

    附錄 Embedded Wisely, Embedded Widely 13

14. Slide 14: 公司介紹

    公司介紹  eMemory is the global leader of embedded non-volatile memory IP Revenue Trend (Unit: NT$ 1,000) 2,500,000 Royalty License/Design Revenue 2,000,000 1,500,000 1,000,000 500,000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Founded In 2000 1050+ Patents I

15. Slide 15: 每季營收

    每季營收  1st month: Receive License Fees of the month and Royalty from most foundries on previous quarter’s wafer shipments.  2nd month: Receive License Fees of the month and Royalty from other foundries.  3rd month: License Fees Only. (Unit: NT$ 1,000) 2018 2019 2020 2021 2022 $600,000 492,441 519,

16. Slide 16: 每季新Tape-out (NTO)

    每季新Tape-out (NTO) 2018 2019 2020 2021 2022 (Unit: IP Numbers) 200 189 180 158 160 148 147 150 138 149 134 134 140 120 113 109 109 103 99 97 107 100 91 90 87 80 60 40 20 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Embedded Wisely, Embedded Widely 16

17. Slide 17: 全球客戶

    全球客戶  Our IP solutions are adopted by leading foundries, IDMs and fabless worldwide Country Foundry IDM Fabless Taiwan 4 1 316 China 9 0 1030 Korea 4 0 94 Japan 4 7 75 North 1 1 332 America Europe 2 1 204 Others 1 0 115 Embedded Wisely, Embedded Widely 17

18. Slide 18: 營運模式

    營運模式  Recurring royalty is the backbone of our business  70-75% revenue are from royalty based on wafer production  More adoption = more volume shipment  More advanced node wafers = higher ASP per wafer Revenue Breakdown 1-4 years 1-4 years License Fee Design License Fee Royalty Foundries Proces

19. Slide 19: 技術授權合約

    技術授權合約 Number of Licenses Year 2016 2017 2018 2019 2020 2021 2022 Q1-Q3 License 43 20 26 18 28 32 23 Note: Terms (including number of process platforms and licensing fees) for each technology license are set contractually. Payments are made according to set milestones, and there are no particular se

20. Slide 20: 建構中的技術製程平台

    建構中的技術製程平台  New technologies are being developed for 130 platforms by Q3 2022.  4 licensing contracts were signed. 0.11~ 0.15~ Technology 4/5nm 6/7nm 12/16nm 22/28nm 40nm 55/65nm 80/90nm >0.25um 0.13um 0.18um NeoBit - - - - - 2 1 12 13 1 NeoFuse 2 1 6 8 5 17 8 2 3 - PUF-Based 2 - 1 1 1 1 - - - - M

21. Slide 21: 建構中的技術製程平台

    建構中的技術製程平台  Developments by process nodes 12" Fabs Production Development IP Type Process Type 4/5nm 0 4 OTP, PUF FF 6/7nm 4 1 OTP, PUF FF, FF+ 12/16nm 6 7 OTP, PUF FF, FF+, FFC, FFC+, LPP LP/ULP/ULL, HPC/HPC+, HV-OLED, DRAM,SOI, ReRAM, 22/28nm 43 12 OTP, PUF ,MTP MRAM, E-Flash 40nm 21 7 OTP, PUF ,

22. Slide 22: For more information, please visit

    Embedded Wisely, Embedded Widely For more information, please visit: eMemory Website: https://www.ememory.com.tw/ PUFsecurity Website: https://www.pufsecurity.com/ Embedded Wisely, Embedded Widely 22

eMemory Technology — Q3 2022 Earnings Presentation on 6ix