Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — Q1 2023 Earnings Presentation
15 slides from Nuvoton Technology's earnings presentation, May 8, 2023
Slide 1: Nuvoton Technology Corporation 1Q'23 Investor Conference
Nuvoton Technology Corporation 1Q’23 Investor Conference May 8, 2023 1
Slide 2: Agenda
Agenda Nuvoton Financial Results Nuvoton 1Q’23 Business Update Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 4: Nuvoton Financial Results
Toy of innovation Pa UVvoTOon Nuvoton Financial Results
Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated 1Q’23 4Q’22 1Q’22 Unit: NT$ M Amount % Amount % Amount % Net Revenue 8,956 100 9,569 100 10,722 100 Gross Profit 3,611 40 3,816 40 4,702 44 Operating Income 368 4 655 7 1,442 13 Non-Operating Income 365 4 140 1 10 0 Income before Income Tax 733 8 795
Slide 6: Balance Sheet - Consolidated
Balance Sheet - Consolidated March 31 ’23 December 31 ’22 September 30 ’22 Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 9,299 25 10,398 28 10,446 30 Accounts Receivable 4,730 13 4,379 12 4,465 13 Other Receivable 721 2 424 1 441 1 Inventories 8,797 24 8,459 23 7,712 22 Long-Term In
Slide 7: Statement of Cash Flows - Consolidated
Statement of Cash Flows - Consolidated 1Q’23 4Q’22 3Q’22 Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities (775) (162) 1,051 Cash Flows from Investing Activities (172) (742) (282) Cash Flows from Financing Activities (17) 881 (2,013) Cash & Cash Equivalents 9,299 10,398 10,446 7
Slide 8: Revenue and GM Trend - Consolidated
Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin 15,000 50% 44% 41% 41% 42% 42% 41% 39% 40% 40% 11,180 40% 10,615 10,722 10,400 10,380 10,389 10,000 9,569 10,072 8,956 30% 20% 4,342 4,702 4,689 4,287 5,000 3,920 4,266 4,328 3,816 3,611 10% 0 0% 1Q'21 2Q'21 3Q'21 4Q'21 1Q
Slide 9: Nuvoton 1Q'23 Business Update
Nuvoton 1Q’23 Business Update 9
Slide 10: 1Q'23 Revenue by 4C Applications
1Q’23 Revenue by 4C Applications Automotive& 1Q’23 BMC BM-IC 15% Industrial EC HMI 4Q’22 14% MCU IC Card Computer Super IO MCU TPM 44% 50% 21% 18% Communication & Audio IC 21% HDMI IC Others MCU 17% MCU Consumer MOSFET 10 Note: Foundry revenue was not included in the numbers .
Slide 11: Overall Highlight
Overall Highlight Customers are placing orders conservatively due to the uncertainties from global economic conditions and this limited our visibility Inventory adjustments are expected to last due to the weaker-than-expected end market recovery
Slide 12: Nuvoton 1Q'23 Business Update (1)
Nuvoton 1Q’23 Business Update (1) Automotive & Industrial Mass production of BM-IC to China Tier-1 BMS customer Mass production of the new motor control MCU based on Cortex®-M4 cores for electronic bicycle application in Japan Design-in of TOF sensor with low power consumption for AMR obstacle av
Slide 13: Nuvoton 1Q'23 Business Update (2)
Nuvoton 1Q’23 Business Update (2) Communication Design-win of CSP MOSFET to new model smartphone and new applications, including hearing aid and AR Glasses Consumer Design-in of the inverter MCU for new models of washing machine and air-conditioner, and heat pump to new customers 13
Slide 14: Nuvoton 1Q'23 Business Update (3)
Nuvoton 1Q’23 Business Update (3) Computer Our USB4 re-timer has been approved for the AVL (Approved Vendor List) of the PC platform Released Arm Cortex-M23 based MCU integrated Gaming Lighting Control, I3C and SPD Hub function, which can be applied to Gaming MB, Gaming DDR5 DIMM and Gaming VGA Ca
Slide 15: Questions & Answers
Questions & Answers Nuvoton Company Website: www.nuvoton.com 15