Sumco Corporation · TSE:3436
Sumco — Sumco Corp Ord — Q1 2024 Earnings Presentation
14 slides from Sumco's earnings presentation, May 9, 2024
Slide 1: Results for First Quarter of FY2024 (Ended March 31, 2024)
Results for First Quarter of FY2024 (Ended March 31, 2024) May 9, 2024 SUMCO Corporation （Code：3436） （LEI：353800SUSRUOM0V6KU92） 1Q-2024 Results SUMCO CORPORATION May 9, 2024 1 Notes Regarding the Forecasts This material is prepared for the purpose of continuous disclosure to general shareholders and
Slide 2: Contents; Summary and Market Environment
Contents ■ Summary and Market Environment ■ 1Q-2024 Consolidated Business Result 1. Summary of Consolidated Business Result 2. Analysis of Changes in Operating Income 3. Consolidated Balance Sheet and Consolidated Cash-Flow ■ 2Q-2024 Consolidated Business Forecast 1. Consolidated Business Forecast 2
Slide 3: 1-1. Summary; 1-2. Shareholder Return
1-1. Summary ■ 1Q-2024 Consolidated Business Result (Billions of Yen) 1Q-2024 1Q-2024 Change Forecast Actual Net Sales 87.0 93.5 +6.5 Operating Income 4.5 8.6 +4.1 Ordinary Income 4.0 9.1 +5.1 Net Income (Note) 2.0 5.0 +3.0 Exchange Rate (Yen/US$) 145.0 147.0 +2.0 ■ 2Q-2024 Consolidated Business For
Slide 4: 2-1. Market Environment; 2-2. 200mm Wafer Trend
2-1. Market Environment ■ 1Q-2024 Volume - Overall demand for 300 mm wafers has bottomed out. Logic and DRAM for AI use increased, but customers continued with production adjustments for other uses. - Due to weak market conditions, a correction phase continued for 200 mm and smaller wafers and shi
Slide 5: 2-3. 300mm Wafer Trend; Progress in AI and Wafer Demand
2-3. 300mm Wafer Trend （Source： SUMCO’s estimation) 1Q-2024 Results SUMCO CORPORATION May 9, 2024 9 3. Progress in AI and Wafer Demand 1. Increase in Silicon Area Due to Greater AI Performance and Computing Power 2. Demand Forecast for Leading-Edge Wafers for Servers 3. Increase in AI-Capable Device
Slide 6: Increase in Silicon Area Due to Greater AI Performance; Server Wafer Demand
3-1.Increase in Silicon Area Due to Greater AI Performance and Computing Power Model parameters continue increasing 10-fold annually (parameters / billion) GPU 1,000,000 Silicon interposer HBM 100,000 GPT-4 DRAM (HBM) 8-chip stack+logic DRAM (HBM) 10,000 (area increases with TSV WuDao 2.0 bonding)
Slide 7: Increase in AI-Capable Devices; Leading-Edge Logic Wafer Demand
3-3．Increase in AI-Capable Devices With rapid progress in generative AI, devices are increasingly being equipped with AI functionality （百万台） (million units) （百万台） (million units) Forecast of smartphone shipments Forecast of PC shipments 1,400 350 1,200 300 1,000 with AI function 250 with AI functi
Slide 8: Customer 300mm Wafer Inventory Trend
4-1. Customer 300mm Wafer Inventory Trend （Source： SUMCO’s estimation) 1Q-2024 Results SUMCO CORPORATION May 9, 2024 15 4-2. Customer 300mm Wafer Inventory (Logic/Memory) （Source： SUMCO’s estimation) 1Q-2024 Results SUMCO CORPORATION May 9, 2024 16
Slide 9: 1Q-2024 Consolidated Business Result
5. 300 mm Wafer Global Capacity and Demand FCST （Source： SUMCO’s estimation) 1Q-2024 Results SUMCO CORPORATION May 9, 2024 17 1Q-2024 Consolidated Business Result Shinichi Kubozoe Representative Director, Executive Vice President, Chief Financial Officer 1Q-2024 Results SUMCO CORPORATION May 9, 2024
Slide 10: 6-1. Summary of Consolidated Business Result
6-1. Summary of Consolidated Business Result (Billions of Yen) 1Q-2023 4Q-2023 1Q-2024 Change Actual Actual Actual YoY QoQ Net sales 109.9 105.1 93.5 (16.4) (11.6) Operating income 25.9 11.2 8.6 (17.3) (2.6) Non-operating income and expenses 1.4 (2.5) 0.5 (0.9) +3.0 Ordinary income 27.3 8.7 9.1 (18.
Slide 11: 6-3. Balance Sheet and Cash-Flow (Consolidated)
6-3. Balance Sheet and Cash-Flow (Consolidated) １．Consolidated Balance Sheet (Billions of Yen) ２． Consolidated Cash-Flow (Billions of Yen) End of End of 1Q-2024 Change Dec-2023 Mar-2024 (3months) Cash and time deposits 156.3 198.6 +42.3 Income before income taxes 9.1 Notes and accounts receivable 82
Slide 12: 7-1. 2Q-2024 Consolidated Business Forecast
7-1. 2Q-2024 Consolidated Business Forecast (Billions of Yen) 2Q-2023 2Q-2024 Actual 1Q ACT 2Q FCST Total Chage (6 months) (3 months) (3 months) (6months) Net sales 220.6 93.5 99.0 192.5 (28.1) Operating income 46.7 8.6 9.0 17.6 (29.1) Non-operating income and expenses 1.8 0.5 (1.0) (0.5) (2.3) Ordi
Slide 13: Reference Materials
Reference Materials 1Q-2024 Results SUMCO CORPORATION May 9, 2024 25 ■ Quarterly Trend FCST 1Q-2024 Results SUMCO CORPORATION May 9, 2024 26
Slide 14: URL https://www.sumcosi.com/
URL https://www.sumcosi.com/ 1Q-2024 Results SUMCO CORPORATION May 9, 2024 27