Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q2 2024 Earnings Presentation
14 slides from Ase Technology's earnings presentation, Jul 25, 2024
Slide 1: Second Quarter 2024 Earnings Release
Second Quarter 2024 Earnings Release ASE Technology Holding 25 July, 2024
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. These statements are made under the “safe harbor” pr
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2024 % Q1 / 2024 % Q2 / 2023 % QoQ YoY Net Revenues: ATM 76,676 54.7% 72,862 54.9% 75,256 55.2% 5% 2% EMS 62,853 44.8% 59,326 44.7% 60,384 44.3% 6% 4% Others 709 0.5% 615 0.4% 635 0.5% 15% 12% Total Net Revenues 14
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 180,000 30% 150,000 120,000 70,948 79,155 20% 57,731 60,384 62,853 59,326 16.0% 16.2% 16.0% 16.4% 90,000 14.8% 15.7% 60,000 10% 6.9% 7.4% 7.4% 6.4% 5.9% 82,590 5.7% 72,524 75,256 80,761 72,862 76,676 30,000 0 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 ATM
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2024 % Q1 / 2024 % Q2 / 2023 % QoQ YoY Net Revenues: Packaging 63,838 82.1% 60,388 81.7% 62,607 82.3% 6% 2% Testing 12,623 16.2% 12,102 16.4% 12,292 16.1% 4% 3% Direct Material 1,264 1.6% 1,338 1.8% 1,165 1.5% -6% 8% Others
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 100,000 40% 83,684 82,004 76,108 77,813 80,000 73,319 73,908 18,590 30% 19,218 16,161 15,557 17,201 14,749 60,000 23.4% 20% 21.2% 22.2% 22.1% 21.0% 40,000 20.1% 10% 20,000 0 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 33% 33% 29% 30% 30% 32% 80% 60% 19% 17% 18% 17% 19% 19% 40% 50% 48% 52% 53% 52% 49% 20% 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 1% 2% 1% 2% 2% 2% 16% 16% 15% 16% 16% 16% Material 80% 8% 7% 8% 8% 7% 9% Testing 60% 34% 34% 32% 30% 30% 31% Others 40% Wirebonding Bump/FC/WL 20% 41% 41% 44% 44% 43% 44% P/SiP 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 8
Slide 9: EMS Operations
EMS Operations Quarterly Comparison/Revenues by Application (unaudited) (NT$ million) Q2 / 2024 % Q1 / 2024 % Q2 / 2023 % QoQ YoY EMS Net Revenues 62,907 100.0% 59,365 100.0% 60,424 100.0% 6% 4% Gross Profit 6,037 9.6% 5,499 9.3% 5,639 9.3% 10% 7% Operating Income (Loss) 1,955 3.1% 1,657 2.8% 2,089
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Jun. 30, 2024 Mar. 31, 2024 Cash and cash equivalent $66,173 $75,105 Financial assets - current 9,162 8,410 Financial assets - non current & investments - equity method 30,887 30,776 Property, plant & equipment 271,835 265,592 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA* (Unaudited) US$ million 1,000 885 895 843 811 781 766 800 600 406 400 231 239 234 228 209 200 0 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Capex EBITDA* *: EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and inve
Slide 12: Third Quarter 2024 Outlook
Third Quarter 2024 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the third quarter of 2024 to be as follows: In NT dollar terms, our ATM 3rd quarter 2024 revenues should grow by high single digits quarter over quarter; Ou
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/2023 Q2/2023 Q3/2023 Q4/2023 FY/2023 Q1/2024 Q2/2024 Revenues 130,891,073 136,275,353 154,166,844 160,581,201 581,914,471 132,802,855 140,238,063 COGS 111,551,750 114,534,530 129,251,183 134,819,876 490,157,339
ASE Technology Holding — Q2 2024 Earnings Presentation on 6ix