Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q2 2024 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Jul 10, 2024
Slide 1: Nanya Technology Q2 2024 Investor Conference
Nanya Technology Q2 2024 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 10 July 2024 July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 1
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
1. Q2’24 Revenue & Results 2. CAPEX & Bit Shipment Contents 3. Market Outlook 4. Business Review & Outlook July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q2'24 Revenue & Results
01. Q2’24 Revenue & Results July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q2'24 Financial Results Summary
Q2’24 Financial Results Summary Q2’24 Amount in Million NT$, except for EPS & BVPS Q1’24 QoQ Q2’23 YoY (Unaudited) Net Sales 9,921 100% 9,503 100% 4.4% 7,027 100.0% 41.2% Gross Profit (Loss) Gross Margin(%) **287 2.9% -277 -2.9% - -788 -11.2% - Operating Income (Loss) Operating Margin(%) -2,319 -23.
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q2’24 vs. Q1’24 Q2’24 vs. Q2’23 Revenue +4.4% +41.2% Shipment Decreased mid-single digit% Increased low-twenties% ASP Increased low-teens% Increased low-teens% Exchange Rate Increased low-single digit% Increased mid-single digit% July 10, 2024︱© 2024 Nanya Technolog
Slide 7: Q2'24 vs. Q1'24 Results Comparison
Q2’24 vs. Q1’24 Results Comparison Q2’24 QoQ Amount in Million NT$ Q1’24 Remarks (Unaudited) (PPT* Delta) ◼ ASP increased low-teens% Net Sales 9,921 9,503 4.4% ◼ Bit shipment decreased mid-single digit% ◼ FX favorable low-single digit% ◼ Gross profit increased NT$ 564M, mainly Gross Profit (Loss) du
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) (Million NT$) (Million NT$) Total: 7,576 Total: 2,401 2,214 648 1,787 600 1,998* 608* 1,795 602 551 583 1,780 2,059 2023 2024 2023 2024 July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 8
Slide 9: Cash Flows
Cash Flows 2024 1H Cash Flow Q2’24 Unit: Million NT$ Unit: Million NT$ Q1’24 (Unaudited) 9,908 Beginning Balance 62,356 58,812 2,047 -5,438 Cash from Operating Activities *-354 2,401 Cash from Operating Capital Financial Activities Expenditures Activities & Capital Expenditures -2,587 -2,851 Others
Slide 10: CAPEX & Bit Shipment
02. CAPEX & Bit Shipment July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 10
Slide 11: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion ~ 26.0 20.7 Up > 20% Down Down 11.3 13.2 ~ Flat twenties% mid-single% 5.4 1H’24 2021 2022 2023 2024E 2021 2022 2023 2024E CAPEX Bit Shipment (YoY) Capital ⚫ 1H’24 CAPEX was NT$ 5.4B Expenditure (CAPEX) ⚫ 2024 CAPEX up to NT$26B, WFE CAPEX accounts for ~50% ⚫ Q2’24 bi
Slide 12: Market Outlook
03. Market Outlook July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 12
Slide 13: DRAM Market Outlook (Q3'24)
DRAM Market Outlook (Q3’24) ⚫ HBM/DDR5 momentum expected to assist market recovery in 2H’24. Outlook ⚫ Introduction of AI/PC, AI/phone may drive new DRAM demand. ⚫ Unfavorable geopolitical and regional economics continue to influence non-HBM DRAM demand. ⚫ Major suppliers focused on HBM capacity exp
Slide 14: Business Review & Outlook
04. Business Review & Outlook July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: Nanya Business Review & Outlook
Nanya Business Review & Outlook ◼ Nanya Q2’24 net loss NT$ 813 million (including earthquake loss NT$ 657 million), EPS NT$ -0.26 ◼ Target to ship 2nd generation of 10nm-class (1B) 8Gb DDR4 and 16Gb DDR5 in 2H’24 as scheduled ◼ Received platinum certification from the Alliance for Water Stewardship
Slide 16: July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
July 10, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Q2'24 Consolidated Income Statement
Q2’24 Consolidated Income Statement Q2’24 Q1’24 QoQ Q2’23 YoY Amount: Million NT$ (Unaudited) Net Sales 9,921 100.0% 9,503 100.0% 4.4% 7,027 100.0% 41.2% Cost of Goods Sold 9,634 97.1% 9,780 102.9% 7,815 111.2% Gross Profit (Loss) *287 2.9% -277 -2.9% - -788 -11.2% - SG&A Expenses 608 6.1% 583 6.1%