Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q1 2019 Earnings Presentation
16 slides from Ase Technology's earnings presentation, May 1, 2019
Slide 1: ASE Technology Holding First Quarter 2019 Earnings Release
ASE Technology Holding First Quarter 2019 Earnings Release ASE Technology Holding Co., Ltd. April 30, 2019 1
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. Although these forward-looking statements, which may
Slide 3: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Quarterly Comparison (unaudited) Legal Entity Basis1 FX (NTD/USD) 30.77 30.79 29.33 (NT$ Million) Q1 / 2019 % Q4 / 2018 % Q1 / 2018 % QoQ YoY Net Revenues: Packaging 43,857 49.3% 51,149 44.9% 29,368 45.2% -14% 49% Testing 8,951 10.1% 10,919 9.6% 5,679
Slide 4: ATM Statements of Comprehensive Income
ATM Statements of Comprehensive Income Quarterly Comparison (unaudited) Legal Entity Basis1 FX (NTD/USD) 30.77 30.79 29.33 (NT$ Million) Q1 / 2019 % Q4 / 2018 % Q1 / 2018 % QoQ YoY Net Revenues: Packaging 44,488 81.8% 52,068 81.2% 30,313 81.8% -15% 47% Testing 8,951 16.5% 10,920 17.0% 5,679 15.3% -1
Slide 5: Consolidated Statements of Comprehensive Income, Pro-forma
Consolidated Statements of Comprehensive Income Quarterly Comparison, Pro-forma Consolidated2 (unaudited) Pro Forma Basis2 FX (NTD/USD) 30.77 30.79 29.33 (NT$ Million) Q1 / 2019 % Q4 / 2018 % Q1 / 2018 % QoQ YoY Net Revenues: ATM 53,653 60.4% 63,025 55.3% 54,969 65.5% -15% -2% EMS 34,947 39.3% 50,73
Slide 6: ATM Statements of Comprehensive Income, Pro-forma
ATM Statements of Comprehensive Income Quarterly Comparison, Pro-forma Consolidated2 (unaudited) Pro Forma Basis2 FX (NTD/USD) 30.77 30.79 29.33 (NT$ Million) Q1 / 2019 % Q4 / 2018 % Q1 / 2018 % QoQ YoY ATM Net Revenues 54,371 100.0% 64,120 100.0% 55,985 100.0% -15% -3% Gross Profit 8,438 15.5% 13,9
Slide 7: ATM Operations
ATM Operations Pro-forma Consolidated2 (unaudited) Pro Forma Basis2 NT$ Million 70,000 66,324 30% 64,120 61,790 60,000 55,985 14,268 54,371 11,870 13,962 50,000 9,491 8,438 21.5% 21.8% 20% 40,000 19.2% 17.0% 30,000 15.5% 10% 20,000 10,000 0 0% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 4 Revenue Gross Profit 4 G
Slide 8: ATM Revenue by Application
ATM Revenue by Application (unaudited) Pro Forma Basis2 100% 33% 36% 35% 34% 34% 80% 60% 14% 14% 14% 13% 15% 40% 53% 49% 51% 52% 53% 20% 0% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Communication Computer Automotive, Consumer & Others 2: Pro forma financial information containing ASE and SPIL is prepared on a r
Slide 9: ATM Revenue by Type
ATM Revenue by Type (unaudited) Pro Forma Basis2 100% 2% 2% 2% 2% 2% 15% 15% 16% 17% 16% 80% 7% 7% Material 8% 9% 8% Testing 60% Discrete and 46% 45% 43% 39% 40% Other Wirebonding 40% Bump/FC/WLP /SiP 20% 30% 31% 31% 33% 34% 0% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 2: Pro forma financial information contain
Slide 10: EMS Statements of Comprehensive Income
EMS Statements of Comprehensive Income Quarterly Comparison (unaudited) FX (NTD/USD) 30.77 30.79 29.33 (NT$ Million) Q1 / 2019 % Q4 / 2018 % Q1 / 2018 % QoQ YoY EMS Net Revenues 34,959 100.0% 50,745 100.0% 28,691 100.0% -31% 22% Gross Profit 2,930 8.4% 4,610 9.1% 2,700 9.4% -36% 9% Operating Income
Slide 11: EMS Operations
EMS Operations EMS Revenue By Application (unaudited) 100% 1% 1% 1% 4% 1% 7% 6% 5% 5% 10% 10% 9% 11% 14% 80% Others 24% 25% 36% Automotive 44% 60% 38% Industrial 17% 19% Consumer 40% 14% 10% 13% Computer & Storage Communication 20% 42% 38% 34% 32% 29% 0% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 11
Slide 12: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Mar. 31, 2019 Dec. 31, 2018 Cash and cash equivalent 59,317 51,518 Financial assets - current 11,099 13,802 Financial assets - non current & investments - equity method 13,285 12,555 Property, plant & equipment 212,639 214,593 Total assets
Slide 13: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) Pro Forma Basis2 US$ Million 800 705 685 647 600 558 537 383 400 327 290 248 239 200 0 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Capex EBITDA 2: Pro forma financial information containing ASE and SPIL is prepared on a retrospective adjustment basis starting f
Slide 14: Second Quarter 2019 Outlook
Second Quarter 2019 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the second quarter of 2019 to be as follows: • On a pro-forma basis and in NTD terms, ATM 2Q19 business should be similar to the quarterly average of the first
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 Statements of Comprehensive Income
Appendix: Consolidated Statements of Comprehensive Income Additional Commentary From Management (unaudited) FX (NTD/USD) 29.33 29.57 30.61 30.79 30.07 30.77 (NT$ Million) Q1 / 2018 Q2 / 2018 Q3/2018 Q4/2018 FY/2018 Q1/2019 1 Legal Entity Net Income Attributable to Shareholders of the Parent1 2,096 1
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