Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q3 2018 Earnings Presentation
16 slides from Ase Technology's earnings presentation, Oct 30, 2018
Slide 1: Third Quarter 2018 Earnings Release
1 ASE Technology Holding Co., Ltd. Oct. 30, 2018 ASE Technology Holding Third Quarter 2018 Earnings Release
Slide 2: Safe Harbor Notice
Safe Harbor Notice 2 This presentation contains "forward - looking statements" within the meaning of Section 27 A of the United States Securities Act of 1933 , as amended, and Section 21 E of the United States Securities Exchange Act of 1934 , as amended . Although these forward - looking statements
Slide 3: Consolidated Statements of Comprehensive Income: Quarterly Comparison
Consolidated Statements of Comprehensive Income 3 Quarterly Comparison (unaudited) FX (NTD/USD) 30.61 29.57 30.22 Q3 / 2018 % Q2 / 2018 % Q3 / 2017 % QoQ YoY (NT$ Million) Net Revenues: Packaging 53,473 49 . 7 % 44,318 52 . 4 % 32,880 44 . 5 % 21% 63% Testing 10,838 10 . 1 % 8,467 10 . 0 % 6,889 9 .
Slide 4: ATM Quarterly Comparison
ATM Statements of Comprehensive Income 4 Quarterly Comparison (unaudited) FX (NTD/USD) 30.61 29.57 30.22 Q3 / 2018 % Q2 / 2018 % Q3 / 2017 % QoQ YoY (NT$ Million) Net Revenues: Packaging 54,321 81 . 9 % 44,973 82 . 5 % 33,897 81 . 0 % 21% 60% Testing 10,839 16 . 3 % 8,467 15 . 5 % 6,889 16 . 5 % 28%
Slide 5: Consolidated Quarterly Comparison, Pro-forma Consolidated
Consolidated Statements of Comprehensive Income Quarterly Comparison, Pro - forma Consolidated 2 (unaudited) FX (NTD/USD) 30.61 29.57 30.22 Q3 / 2018 % Q2 / 2018 % Q3 / 2017 % QoQ YoY (NT$ Million) Net Revenues: ATM 65,360 60 . 7 % 61,042 66 . 5 % 62,673 65 . 4 % 7% 4% EMS 41,996 39 . 1 % 30,472 33
Slide 6: ATM Quarterly Comparison, Pro-forma Consolidated
ATM Statements of Comprehensive Income Quarterly Comparison, Pro - forma Consolidated 2 (unaudited) FX (NTD/USD) 30 . 6 1 29 . 5 7 30 . 2 2 ( N T$ Mi l lio n ) Q 3 / 2018 % Q2 / 2018 % Q3 / 2017 % QoQ YoY ATM Net Revenues 66,324 100 . 0 % 61,790 100 . 0 % 63,809 100 . 0 % 7% 4% Gross Profit 14,268 2
Slide 7: ATM Operations Pro-forma Consolidated
ATM Operations Pro - forma Consolidated 2 (unaudited) 2 : Pro forma financial information containing ASE and SPIL is prepared on a retrospective adjustment basis starting from January 1, 2017. The retrospective adjustments include (1) recognizing depreciation, amortization and rental expense from pr
Slide 8: ATM Revenue by Application
ATM Revenue by Application (unaudited) 11% 32% 34% 11% 34% 11% 33% 12% 33% 14% 31% 16% 32% 14% 55% 55% 55% 53% 53% 54% 6 0 % 8 0 % 1 0 0% 4 0 % 57% 2 0 % 0% Q 1 /17 Q 2 /17 Q 3 /17 Q 4 /17 Q 1 /18 Q 2 /18 Q 3 /18 Communication Computer Automotive, Consumer & Others 8 Pro Forma Basis 2 2 : Pro forma
Slide 9: ATM Revenue by Type
2% 2% 2% 2% 2% 2% 2% 15% 7% 45% 31% 15% 7% 46% 30% 16% 7% 44% 31% 16% 7% 43% 32% 15% 7% 46% 30% 15% 7% 45% 31% 16% 8% 43% 31% 4 0 % 6 0 % 1 0 0% 8 0 % Material Testing Discrete and Other Wirebonding Bump/FC/WLP/SiP 9 ATM Revenue by Type (unaudited) Pro Forma Basis 2 20% 0% Q1/17 Q2/17 Q3/17 Q4/17 Q1
Slide 10: EMS Quarterly Comparison
EMS Statements of Comprehensive Income 10 Quarterly Comparison (unaudited) FX (NTD/USD) 30.61 29.57 30.22 (NT$ Million) Q3 / 2018 % Q2 / 2018 % Q3 / 2017 % QoQ YoY EMS Net Revenues 42,009 100 . 0 % 30,476 100 . 0 % 33,100 100 . 0 % 38% 27% Gross Profit 4,163 9 . 9 % 2,868 9 . 4 % 3,409 10 . 3 % 45%
Slide 11: EMS Operations: EMS Revenue Breakdown
EMS Operations EMS Revenue Breakdown (unaudited) 49% 48% 45% 42% 42% 38% 34% 15% 17% 14% 14% 17% 19% 14% 22% 20% 26% 32% 24% 25% 36% 7% 8% 8% 6% 9% 11% 10% 6% 5% 7% 6% 5% 1% 1% 6% 6% 1% 1% 1% 1% 1% 0% 2 0 % 4 0 % 6 0 % 8 0 % 1 0 0% Q 1 /17 Q 2 /17 Q 3 /17 Q 4 /17 Q 1 /18 Q 2 /18 Q 3 /18 Others Autom
Slide 12: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) 12 (NT$ Million) Sept. 30, 2018 Jun. 30, 2018 Cash and cash equivalent 55 , 33 5 68 , 02 8 Financial assets - current 8 , 27 8 16 , 96 6 Financial assets - non current & investments - equity method 13 , 69 8 13 , 20 2 Property, plant & equipment 216 , 20
Slide 13: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) 280 314 192 230 327 383 290 542 858 715 737 558 647 705 0 3 0 0 6 0 0 9 0 0 Q 1 /17 Q 2 /17 Q 3 /17 Q 4 /17 Q 1 /18 Q 2 /18 Q 3 /18 US$ Million Capex EBITDA 13 Pro Forma Basis 2 2 : Pro forma financial information containing ASE and SPIL is prepar
Slide 14: Fourth Quarter 2018 Outlook
Fourth Quarter 2018 Outlook 14 Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2018 to be as follows: • On a pro - forma basis and in USD term, ATM 4Q18 business should be similar to 2Q18; • ATM 4Q18 gross margin
Slide 15: Thank You
Thank You w w w. a s e g l o b a l . c o m 15
Slide 16: Appendix: Consolidated Pro Forma Basis
Appendix: Consolidated Statements of Comprehensive Income Pro Forma Basis 16 Pro - forma Consolidated 2 (unaudited) 2 FX (NTD/USD) 31 . 2 0 30.18 30.22 30 . 0 8 29.33 29.57 (NT$ Million) Q1 / 2017 Q2 / 2017 Q3 / 2017 Q4 / 2017 Q1 / 2018 Q2 / 2018 Net Revenues: ATM 56,614 58,197 62,673 62,143 54,969
ASE Technology Holding — Q3 2018 Earnings Presentation on 6ix