Nanya Technology Corporation · TWSE:2408

Nanya Technology — Q1 2021 Earnings Presentation

18 slides from Nanya Technology's earnings presentation, Apr 9, 2021

  1. Slide 1: Nanya Technology Q1 2021 Investor Conference

    Nanya Technology Q1 2021 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 09 April 2021 April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved.

  2. Slide 2: Safe Harbor

    Safe Harbor The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward- looking s

  3. Slide 3: Contents

    Q1’21 Revenue & Results CAPEX & Bit Shipment Contents Market Outlook Business Review & Outlook April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 3

  4. Slide 4: Q1'21 Revenue & Results

    01 April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 4

  5. Slide 5: Q1'21 Financial Results Summary

    Q1’21 Financial Results Summary Q1’21 Amount in Million NT$, Q4’20 QoQ Q1’20 YoY except for EPS & BVPS (Unaudited) Net Sales 17,731 100% 14,773 100% 20.0% 14,419 100% 23.0% Gross Profit (Loss) Gross Margin(%) 5,162 29.1% 3,251 22.0% 58.8% 3,436 23.8% 50.2% Operating Income (Loss) 3,027 17.1% 1,304 8

  6. Slide 6: Quarterly Revenue Results

    Quarterly Revenue Results QoQ YoY Q1’21 vs. Q4’20 Q1’21 vs. Q1’20 Revenue +20.0% +23.0% Shipment Increased mid-single digits% Increased mid-teens% ASP Increased mid-teens% Increased mid-teens% Exchange Rate -1.5% -5.7%  Q1’21 Revenue increased by 20% QoQ  Q1’21 Bit shipment increased by mid-single

  7. Slide 7: Q1'21 vs. Q4'20 Results Comparison

    Q1’21 vs. Q4’20 Results Comparison Q1’21 QoQ Q4’20 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta)  Bit shipment increased mid-single digits% Net Sales 17,731 14,773 +20.0%  ASP increased mid-teens%  FX negative impact 1.5% Gross Profit (Loss)  Q1’21 Gross profit increased NT$ 1,911M, 5,1

  8. Slide 8: Quarterly Financial Highlights

    Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 59% 55% 53% 51% 50% 52% Gross Margin, Operating Margin (%) Revenue, Net Income (Million NT$) 47% 44% 44% 44% 42% 41% 40% 39% 20,000 40% 35% 33% 33% 32% 16,489 17,731 31% 31% 32% 15,324 2

  9. Slide 9: Operating Expenses

    Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number 5,138 1,439 Q4 2,119 509 Q4 1,389 Q3 503 Q3 1,239 Q2 574 Q2 * 1,643 533 Q1 492* 1,071 Q1 2020 2021 2020 2021 Note: R&D expense increased NT$ 203M April 9, 2021 ︱© 2020 Nanya Technology Cor

  10. Slide 10: Cash Flows

    Cash Flows Q1’21 Q4’20 Q1’20 (Unaudited) Unit: Million NT$ Beginning Balance 51,726 47,126 44,149 Cash from Operating 8,352 7,986 4,080 Activities Capital expenditures -1,485 -3,549 -838 Financial Activities & 488* 164 141 others Ending Balance 59,080 51,726 47,532 Free Cash Flow (1) 6,867 4,436 3,2

  11. Slide 11: CAPEX & Bit Shipment

    02 April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 11

  12. Slide 12: CAPEX & Bit Shipment

    CAPEX & Bit Shipment NT$ Billion Mid-thirties % Mid thirties% 20.4 15.6 Low-teens% 8.5 5.5 Flat to up Q1 1.5 2018 2019 2020 2021 E 2018 2019 2020 2021 E CAPEX Bit Shipment (YoY) Capital  Q1’21 CAPEX NT$ 1.5 billion (B) Expenditure (CAPEX)  2021 CAPEX plan is up to NT$ 15.6B  Q1’21 bit shipment in

  13. Slide 13: Market Outlook

    03 April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 13

  14. Slide 14: Market Outlook (Q2'21)

    Market Outlook(Q2’21)  Global economics recovery forecasted, favoring DRAM demand growth  Q2’21 robust consumer electronics demand, NB remains strong, server recovery, Outlook smartphone demand improved  COVID-19 Pandemic control and vaccinations, US-China trade tension, supply chain unbalanced i

  15. Slide 15: Business Review & Outlook

    04 April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 15

  16. Slide 16: Nanya Business Review & Outlook

    Nanya Business Review & Outlook  Improved Q1’21 results driven by strong demand from various applications  Q2’21 DRAM market outlook optimistic with strong demand  Cash dividend of NT$ 4.0B (Approx. NT $ 1.3 /share ) proposed to the AGM on May 27, 2021  DDR4 3200Mbps and LPDDR4X 4267Mbps validat

  17. Slide 17: Thanks & Questions

    Thanks & Questions April 9, 2021 ︱© 2020 Nanya Technology Corporation. All Rights Reserved. 17

  18. Slide 18: Q1'21 Consolidated Income Statement

    Q1’21 Consolidated Income Statement Q1’21 Q4’20 QoQ Q1’20 YoY Amount: Million NT$ (Unaudited) Net Sales 17,731 100.0% 14,773 100.0% 20.0% 14,419 100.0% 23.0% Cost of Goods Sold 12,569 70.9% 11,522 78.0% 10,983 76.2% Gross Margin 5,162 29.1% 3,251 22.0% 58.8% 3,436 23.8% 50.2% SG&A Expenses 492 2.8%

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