Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — Q1 2022 Earnings Presentation
17 slides from Nuvoton Technology's earnings presentation, May 5, 2022
Slide 1: Nuvoton Technology Corporation 1Q'22 Investor Conference
Nuvoton Technology Corporation 1Q’22 Investor Conference May 5, 2022 1
Slide 2: Agenda
Agenda Nuvoton Financial Results Nuvoton 1Q’22 Business Update Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 4: Nuvoton Financial Results
Toy of innovation Pa UVvoTOon Nuvoton Financial Results
Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated 1Q’22 4Q’21 QoQ Unit: NT$ M Amount % Amount % Amount % Net Revenue 10,722 100 10,389 100 333 0 Gross Profit 4,702 44 4,328 42 374 2 Operating Income 1,442 13 1,214 12 228 1 Non-Operating Income 10 0 1 0 9 0 Income before Income Tax 1,452 13 1,215 12 2
Slide 6: Balance Sheet - Consolidated
Balance Sheet - Consolidated March 31 ’22 Dec 31 ’21 March 31 ’21 Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 10,409 29 9,699 28 5,447 17 Accounts Receivable 4,327 11 4,171 12 4,319 14 Other Receivable 1,067 3 931 3 2,029 7 Inventories 7,612 21 6,859 20 6,285 20 Long-Term Investme
Slide 7: Statement of Cash Flows - Consolidated
Statement of Cash Flows - Consolidated 1Q’22 4Q’21 1Q’21 Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 875 2,162 198 Cash Flows from Investing Activities (567) (265) 146 Cash Flows from Financing Activities 398 1,564 546 Cash & Cash Equivalents 10,409 9,699 5,447 7
Slide 8: Revenue and GM Trend - Consolidated
Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin 15,000 50.0% 43.90% 41.2% 40.9% 41.1% 41.7% 39.6% 38.9% 36.9% 35.8% 40.0% 10,615 10,380 10,389 10,722 10,072 10,000 9,869 Revenue 30.0% Gross Profit GM% 5,605 20.0% 5,000 4,342 4,266 4,328 4,702 3,534 3,920 3,061 2133 2,06
Slide 9: Nuvoton 1Q'22 Business Update
Nuvoton 1Q’22 Business Update 9
Slide 10: 1Q'22 Revenue by 4C Applications
1Q’22 Revenue by 4C Applications Automotive& 1Q’22 BMC BM-IC Industrial 19% EC HMI 4Q’21 16% MCU IC Card 36% Super IO MCU 39% Computer TPM 22% 22% Communication & 23% Audio IC MCU Others Consumer HDMI IC 23% MOSFET MCU 10 Note: NTC Foundry revenue was not included in the numbers .
Slide 11: Overall Highlight
Overall Highlight Demand from end customers generally remained healthy, however, Russia-Ukraine conflict and China lockdown initiated in Q1’22 and these will be ongoing events influencing on the global economy The gap between supply from our vendors and orders demand from our customers was impro
Slide 12: Nuvoton 1Q'22 Business Update (1)
Nuvoton 1Q’22 Business Update (1) Automotive & Industrial (1) Significant YoY growth in the automotive related products Mass-production of new ISP (AS1) for rear-camera with object detection function Development of the new HMI with security and safety functions for new applications such as mot
Slide 13: Nuvoton 1Q'22 Business Update (2)
Nuvoton 1Q’22 Business Update (2) Automotive & Industrial (2) Released the M0A23 series MCU with AEC-Q100 Grade 1 qualified for automotive body control module and industrial control operating up to 125oC Development of high processing power MA35D1 MPU series based on Arm® Cortex®-A35 core with i
Slide 14: Nuvoton 1Q'22 Business Update (3)
Nuvoton 1Q’22 Business Update (3) Communication Reached new sales record for lower on-resistance CSP MOSFET in Q1'22 due to the evolution of quick charging requirements Multiple design-wins of new CSP MOSFET with higher VGS and lower on-resistance for quick charging smartphone and wearable devic
Slide 15: Nuvoton 1Q'22 Business Update (4)
Nuvoton 1Q’22 Business Update (4) Computer Strong demand on BMC product for both Enterprise and Hyperscale Data Centers Engagement with new data-center customer on BMC is well progressing YoY market share increase on commercial/consumer NB Tape-out of the USB4 Re-Timer with 40Gbps performanc
Slide 16: Nuvoton 1Q'22 Business Update (5)
Nuvoton 1Q’22 Business Update (5) 6” - Fab Foundry Signed off multiple year LTAs with customers Strong demand continued on Power Management IC process Production ramp-up on new generation BCD process for DC/DC application 16
Slide 17: Questions & Answers
Questions & Answers Nuvoton Company Website: www.nuvoton.com 17