Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q2 2020 Earnings Presentation
14 slides from Ase Technology's earnings presentation, Aug 1, 2020
Slide 1: ASE Technology Holding Second Quarter 2020 Earnings Release
ASE Technology Holding Second Quarter 2020 Earnings Release ASE Technology Holding Co., Ltd. July 31, 2020 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: First Half 2020 Business Recap
First Half 2020 Business Recap • Group revenues grew 18% YoY in USD terms • ATM revenues grew 23% YoY in USD terms with GM improvement of 3.8 percentage points YoY or 5.3 percentage points excluding impact from currency • EMS revenues grew 12% YoY in USD terms • Focus areas with long term growth pot
Slide 4: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q2 / 2020 % Q1 / 2020 % Q2 / 2019 % QoQ YoY Net Revenues: ATM 67,314 62.6% 64,150 65.9% 58,750 64.8% 5% 15% EMS 39,703 36.9% 32,721 33.6% 31,524 34.7% 21% 26% Others 532 0.5% 486 0.5% 467 0.5% 9% 14% Total
Slide 5: ATM Statements of Comprehensive Income
ATM Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q2 / 2020 % Q1 / 2020 % Q2 / 2019 % QoQ YoY Net Revenues: Packaging 55,732 80.2% 53,600 81.0% 48,329 81.1% 4% 15% Testing 12,693 18.3% 11,566 17.5% 10,286 17.3% 10% 23% Direct Material 1,051 1.5% 1,014 1.5% 944 1.6
Slide 6: ATM Operations
ATM Operations (unaudited) NT$ Million 67,901 69,287 69,516 70,000 66,209 30% 59,594 15,697 15,082 60,000 54,371 14,708 13,334 11,100 50,000 8,438 22.7% 20% 21.7% 21.7% 40,000 20.1% 18.6% 30,000 15.5% 10% 20,000 10,000 0 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenue by Application
ATM Revenue by Application (unaudited) 100% 34% 35% 33% 30% 31% 32% 80% 60% 13% 14% 16% 15% 14% 14% 40% 53% 51% 53% 54% 54% 54% 20% 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Communication Computer Automotive, Consumer & Others 7
Slide 8: ATM Revenue by Type
ATM Revenue by Type (unaudited) 100% 2% 2% 2% 2% 2% 2% 16% 17% 17% 17% 17% 18% 80% 8% Material 8% 9% 7% 7% 7% Testing 60% 40% 39% 37% 36% 36% 35% Discrete and Other Wirebonding 40% Bump/FC/WLP /SiP 20% 38% 38% 38% 34% 34% 35% 0% Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 8
Slide 9: EMS Operations
EMS Operations Quarterly Comparison & Revenue By Application (unaudited) (NT$ Million) Q2 / 2020 % Q1 / 2020 % Q2 / 2019 % QoQ YoY EMS Net Revenues 39,709 100.0% 32,727 100.0% 31,533 100.0% 21% 26% Gross Profit 3,730 9.4% 3,048 9.3% 2,876 9.1% 22% 30% Operating Income (Loss) 1,242 3.1% 771 2.4% 503
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Jun. 30, 2020 Mar. 31, 2020 Cash and cash equivalent 58,223 73,829 Financial assets - current 5,483 5,611 Financial assets - non current & investments - equity method 12,950 14,750 Property, plant & equipment 238,757 234,419 Total assets 55
Slide 11: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) US$ Million 800 738 751 681 635 582 600 537 495 444 436 457 410 400 239 200 0 Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Capex EBITDA 11
Slide 12: Third Quarter 2020 Outlook
Third Quarter 2020 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the third quarter of 2020 to be as follows: • In NTD terms, ATM 3rd quarter 2020 business should be similar with 2nd quarter 2020 levels; • ATM 3rd quarter 202
Slide 13: Thank You
Thank You w w w. a s e g l o b a l . c o m 13
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (unaudited) (NT$ Thousands) Q1/2019 Q2/2019 Q3/2019 Q4/2019 FY/2019 Q1/2020 Q2/2020 Revenues 88,861,446 90,740,910 117,557,307 116,022,521 413,182,184 97,357,155 107,548,773 COGS 77,476,565 76,771,842 98,449,014 96,173,970 348,871,391 81,201
ASE Technology Holding — Q2 2020 Earnings Presentation on 6ix