Slide 1: FY24 2Q Financial Briefing
FY24 2Q (Three months ended September 30th, 2024) Financial Briefing October 30th, 2024 Advantest Corporation All Rights Reserved - ADVANTEST CORPORATION
Slide 2: Note: Accounting Standards and Forward-Looking Statements
NOTE Accounting Standards – Our results and outlook, described in this presentation, have been prepared in accordance with IFRS. Cautionary Statement with Respect to Forward-Looking Statements – This presentation and any information provided orally by Advantest representatives contains “forward-look
Slide 3: Summary
Summary FY24 2Q Results o Sales/Operating Income/Net Income： Reached record highs on a quarterly basis ✓ Secured parts/materials sourcing and product supply capabilities in response to robust tester demand for high performance semiconductors for AI FY24 Outlook o Full-year guidance is revised upward
Slide 4: Financial Results for FY24 2Q
Financial Results for FY24 2Q Yasuo Mihashi Senior Executive Officer, CFO & CSO (Chief Strategy Officer) Executive Vice President, Corporate Strategy Group All Rights Reserved - ADVANTEST CORPORATION
Slide 5: FY24 2Q Summary of Results
FY24 2Q Summary of Results （JPY B） FY23 FY24 2Q QoQ YoY 1Q 2Q 3Q 4Q 1Q Forecast Results Change (%) Change (%) Sales 101.3 116.2 133.2 135.8 138.7 153.3 190.5 +51.8 +37.3% +74.2 +63.8% Gross Profit 51.0 58.0 67.4 69.6 76.9 - 110.1 +33.2 +43.2% +52.0 +89.6% Gross Margin % 50.3% 49.9% 50.6% 51.3% 55.4%
Slide 6: Quarterly Sales by Segment
Quarterly Sales by Segment Semiconductor & Component Test Systems Breakdown 190.5 145.5 （JPY B） 110.8 36.0 98.8 98.6 101.1 91.5 23.9 81.2 88.3 19.0 18.6 70.5 32.0 147.4 18.7 25.0 32.8 138.9 138.0 138.7 9.4 133.2 135.8 109.5 79.8 80.0 86.9 61.1 62.5 63.3 58.7 69.1 116.2 145.5 101.3 FY22 FY23 FY24 2Q
Slide 7: Quarterly Sales by Region (Ship to Region)
Quarterly Sales by Region (Ship to Region) 190.5 （JPY B） 4.6 45.0 147.4 Japan 138.9 138.0 135.8 138.7 6.5 133.2 S. Korea 4.2 6.2 5.3 21.5 3.7 6.1 116.2 Taiwan 28.6 26.2 33.4 31.1 5.7 30.2 101.3 China 35.2 73.1 4.2 26.1 10.4 22.1 Americas 40.8 27.7 42.2 41.5 25.1 19.0 Europe 45.5 Other 45.4 50.4 34.7
Slide 8: Sales / Gross Profit / Operating Income
Sales / Gross Profit / Operating Income 59.1% 190.5 57.5% 57.8% 55.4% 53.4% 50.3% 49.9% 50.6% 51.3% （JPY B） 147.4 138.9 138.0 135.8 138.7 133.2 116.2 33.4% 31.1% 29.9% 101.3 26.2% 22.6% 110.1 81.6 20.1% 79.9 78.7 18.1% 63.6 14.1% 69.6 43.1 67.4 76.9 41.2 38.6 51.0 58.0 26.8 14.4% 31.3 21.0 19.5 14.3
Slide 9: Investments / Cash Flow
Investments / Cash Flow ＜Investments＞ ＜Cash Flow＞ R&D Expenses Cash flows from operating activities Capital Expenditure Cash flows from investing activities Depreciation & Amortization Free cash flows （JPY B） 17.4 17.3 17.1 （JPY B） 65.2 16.5 16.7 15.8 16.2 14.8 14.9 42.4 61.8 35.5 33.7 27.7 23.7 8.2
Slide 10: Financial Position
Financial Position ＜ Assets ＞ 762.1 ＜ Liabilities & Equity ＞ 762.1 723.2 723.2 （JPY B） （JPY B） Trade & Other 671.2 671.2 96.0 Payables Cash & Cash 630.8 115.4 167.2 Equivalents 630.8 85.2 76.9 Other Current 106.7 78.3 Liabilities 77.7 74.0 64.2 98.7 49.3 114.1 Trade & Other Short-term borrowings 35.
Slide 11: FY24 Outlook
FY24 Outlook Douglas Lefever Representative Director, Senior Executive Officer, Group CEO All Rights Reserved - ADVANTEST CORPORATION
Slide 12: Business Environment / Semiconductor Tester Market Trends: Oct. 2024 Outlook
Business Environment / Semiconductor Tester Market Trends: Oct. 2024 Outlook Business Environment • Within the global economy, semiconductors continue to grow in importance. Meanwhile, concerns about the future have continued due to rising geopolitical risks • The semiconductor market is expected to
Slide 13: FY24 Forecast
FY24 Forecast （JPY B） FY23 FY24 Prior Full-Year Forecast 1H 2H Full-year vs. FY23 As of Results Results Forecast July 2024 Change 1Q 2Q Forecast Change (%) Sales 486.5 138.7 190.5 329.2 310.8 640.0 +153.5 +31.6% 600.0 +40.0 Operating Income 81.6 31.3 63.6 94.9 70.1 165.0 +83.4 2.0x 138.0 +27.0 Opera
Slide 14: FY24 Outlook by Segment
FY24 Outlook by Segment Semiconductor & Component Test Systems Semiconductor & Component 470.0 vs. FY23 ＜ SoC Testers ＞(+JPY32B vs. forecast as of July 2024) Test Systems Sales Trends +42% − Sales forecast is revised upward, reflecting the increased Memory Testers 404.3 pace of product supply to kee
Slide 15: FY24 Outlook by Segment
FY24 Outlook by Segment Mechatronics Sales Trends Mechatronics Systems (+JPY2B vs. forecast as of July 2024) – Sales of device interface products are expected increase （JPY B） YoY in tandem with the increase in tester demand vs. FY23 59.9 65.0 +23% 52.7 – Sales of nano-technology products are also e
Slide 16: Share Repurchase
Share Repurchase ✓ Total cost of acquisition: Up to JPY 50 billion ✓ Total number of shares to be acquired: Up to 9 million shares (Equivalent to 1.2% of outstanding shares excluding treasury stock) ✓ Period of acquisition: From Nov. 1, 2024 to Feb. 26, 2025 Our Shareholder Return Policy in the Thir
Slide 17: Other Topics
Other Topics ❑ Integrated Annual Report 2024 Published * Web Link ： https://www.advantest.com/document/en/investors/ir-library/annual/E_all_IAR2024.pdf ❑ Advantest Celebrates 25th Anniversary of Industry-Leading V93000 SoC Test Platform * Web Link ： https://www.advantest.com/en/news/2024/20240808.ht
Slide 18: All Rights Reserved - ADVANTEST CORPORATION
18 All Rights Reserved - ADVANTEST CORPORATION