Slide 1: 4Q23 & Full Year Results Conference
February 2024 Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 4Q23 & Full Year Results Conference Exhibit 99.2
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, amon
Slide 3: Agenda
Agenda Welcome 4Q/FY2023 Operating Results S.J. Cheng 4Q/FY2023 Financial Results Silvia Su Business Outlook S.J. Cheng Q&A
Slide 4: 4Q/FY2023 Operating Results
4 4Q/FY2023 Operating Results
Slide 5: Revenue & Gross Margin
Revenue & Gross Margin 5 4Q23 Revenue: NT$5,725.4M (QoQ: +2.6%, YoY: +22.2%) Gross Margin: 20.1% (QoQ: +4.2ppts, YoY: +5.6ppts) 2023 Revenue: NT$21,356.2M (YoY: -9.2%) Gross Margin: 16.6% (YoY: -4.3ppts)
Slide 6: Utilization Rate
Utilization Rate 6 Note: To effectively reflect changes in product characteristic and mix, the utilization calculation target of manufacturing site, which output calculated by wafer quantity, was changed to run time from wafer quantity since 1Q22. 4Q23: 57% 3Q23: 47% 4Q22: 46% 4Q23: 53% 3Q23: 65% 4Q
Slide 7: 4Q23 Revenue Breakdown
4Q23 Revenue Breakdown Product Manufacturing Site
Slide 8: Revenue Breakdown - Memory
Revenue Breakdown － Memory 8 4Q23: 36.2% (QoQ: +9.5%, YoY: +9.9%)
Slide 9: Revenue Breakdown - DDIC + Gold Bump
Revenue Breakdown － DDIC + Gold Bump 9 4Q23: 56.0% (QoQ: -2.6%, YoY: +40.5%)
Slide 10: Revenue Breakdown - End Market
Revenue Breakdown － End Market 10 DDIC & Gold bump Memory & Mixed-signal Content Performance of 4Q23 Smart Mobile 35.2% (QoQ +7.3%) TV 14.7% (QoQ -14.5%) Computing 4.9% (QoQ +5.6%) Auto/Industry 21.2% (QoQ +6.9%) Consumer 24.0% (QoQ +4.3%) Smart phone Wearable UHD/4K/8K TV OLED TV NB/Tablet PC / Ser
Slide 11: 4Q/FY2023 Financial Results
11 4Q/FY2023 Financial Results
Slide 12: Consolidated Operating Results Summary
Consolidated Operating Results Summary
Slide 13: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Note (1) : QoQ: Difference mainly due to the increase of the foreign exchange losses of NT$362M from the foreign exchange gains of NT$167M in 3Q23 to the foreign exchange losses of NT$195M in 4Q23 and the decrease of rental income of NT$9M.
Slide 14: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Note (1): Difference mainly due to the decrease of the foreign exchange gains of NT$370M and share of profit of associates accounted for using equity method of NT$234M and partially offset by the increase of interest income of NT$136M.
Slide 15: Consolidated Statements of Financial Position & Key Indices
Consolidated Statements of Financial Position & Key Indices
Slide 16: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows Notes : Free cash flow was calculated by adding depreciation, amortization, interest income together with operating profit and then subtracting CapEx, interest expense, income tax expense and dividend from the sum. (2) Difference mainly due to the decrease of op
Slide 17: Capital Expenditures & Depreciation
Capital Expenditures & Depreciation 17 CapEx: NT$1,499.2M (4Q23); NT$3,228.5M (2023) Depreciation: NT$1,157.6M (4Q23); NT$4,779.3M (2023)
Slide 18: Business Outlook
Business Outlook 18 @, ChipmMos
Slide 19: Market & Business Outlook
Expect Q1 to be normal seasonal trough quarter for 2024, with fewer working days for Lunar New Year and Inventory adjustments from Q4 continuing into Q1 Based on current market environment, expect operating momentum will improve through 2024, with a stronger second half of the year Memory: Momentum
Slide 20: Q&A
Q&A www.chipmos.com 20 @, ChipmMos