Ase Technology Holding Co., Ltd. · TWSE:3711

Ase Technology — Q2 2024 Earnings Presentation

14 slides from Ase Technology's earnings presentation, Oct 31, 2024

  1. Slide 1: Second Quarter 2024 Earnings Release

    Second Quarter 2024 Earnings Release 25 July, 2024 ASE Technology Holding

  2. 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”

  3. Slide 3: Consolidated Statements of Income Quarterly Comparison

    Consolidated Statements of Income Quarterly Comparison (Unaudited) 3 (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

  4. Slide 4: Consolidated Operations

    Consolidated Operations (Unaudited) 4 72,524 75,256 82,590 80,761 72,862 76,676 57,731 60,384 70,948 79,155 59,326 62,853 14.8% 16.0% 16.2% 16.0% 15.7% 16.4% 5.9% 6.9% 7.4% 7.4% 5.7% 6.4% 0% 10% 20% 30% 0 30,000 60,000 90,000 120,000 150,000 180,000 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 NT$ million AT

  5. Slide 5: ATM Statements of Income Quarterly Comparison

    ATM Statements of Income Quarterly Comparison (Unaudited) 5 (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% Othe

  6. Slide 6: ATM Operations

    ATM Operations (Unaudited) 6 14,749 16,161 18,590 19,218 15,557 17,201 73,319 76,108 83,684 82,004 73,908 77,813 20.1% 21.2% 22.2% 23.4% 21.0% 22.1% 0% 10% 20% 30% 40% 0 20,000 40,000 60,000 80,000 100,000 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 NT$ million Gross Profit Gross Margin Revenue

  7. Slide 7: ATM Revenues by Application

    ATM Revenues by Application (Unaudited) 7 50% 48% 52% 53% 52% 49% 17% 19% 19% 17% 18% 19% 33% 33% 29% 30% 30% 32% 0% 20% 40% 60% 80% 100% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Communication Computing Automotive, Consumer & Others

  8. Slide 8: ATM Revenues by Type

    ATM Revenues by Type (Unaudited) 8 41% 41% 44% 44% 43% 44% 34% 34% 32% 30% 30% 31% 8% 7% 8% 8% 9% 7% 16% 16% 15% 16% 16% 16% 1% 2% 1% 2% 2% 2% 0% 20% 40% 60% 80% 100% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Material Testing Others Wirebonding Bump/FC/WL P/SiP

  9. Slide 9: EMS Operations Quarterly Comparison/Revenues by Application

    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

  10. Slide 10: Key Balance Sheet Items & Indices

    Key Balance Sheet Items & Indices (Unaudited) 10 (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 asse

  11. Slide 11: Equipment Capital Expenditures vs. EBITDA

    Equipment Capital Expenditures vs. EBITDA * (Unaudited) 11 231 209 239 234 228 406 781 843 885 895 766 811 0 200 400 600 800 1,000 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 US$ million Capex EBITDA* * : EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impairment and

  12. 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 3 rd quarter 2024 revenues should grow by high single digits quarter over quarter;  O

  13. Slide 13: Thank you

    Thank you

  14. Slide 14: Appendix: Consolidated Statements of Comprehensive Income

    Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) 14 (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 111,551,750 114,534,530 129,251,183 134,819,876 490,157,3

ASE Technology Holding — Q2 2024 Earnings Presentation on 6ix