ASMedia Technology Inc. · TWSE:5269

ASMedia Technology — Q1 2024 Earnings Presentation

10 slides from ASMedia Technology's earnings presentation, May 2024

  1. Slide 1: Investor Conference 2024Q1

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  2. Slide 2: Disclaimer

    Disclaimer This document and relevant information may contain certain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to market risks, supply chain risks, market demand, product competition, other risks and etc. Actual results may differ m

  3. Slide 3: Revenue & Gross Margin

    Revenue & Gross Margin (NTD: millions) 1,948 62.6% 1,734 1,711 59.2% 1,558 1,399 53.0% 52.4% 52.1% 1,072 1,153 909 742 812 23Q1 23Q2 23Q3 23Q4 24Q1 23Q1 23Q2 23Q3 23Q4 24Q1 Revenue Gross Margin Gross Margin

  4. Slide 4: Revenue by Product

    Revenue by Product (NTD: millions) % 2019 2020 2021 2022 2023 24Q1 Host1) 82% 86% 76% 78% 74% ~80%3) Device2) 18% 14% 24% 22% 26% ~20%3) Note: (1) Host: High speed interface controller 3) Approximately (2) Device: High speed device controller and others Host Device 7,000 6,006 6,000 4,561 4,762 5,00

  5. Slide 5: Operating Expense & Operating Margin

    Operating Expense & Operating Margin (NTD: millions) Operating Expense Operating Margin 37.3% 30.0% 34.5% 26.3% 25.3% 23.8% 24.7% 28.6% 672 639 25.8% 23.0% 481 496 420 410 413 433 402 322 83% 79% 81% 80% 79% 23Q1 23Q2 23Q3 23Q4 24Q1 23Q1 23Q2 23Q3 23Q4 24Q1 R&D Selling Adm. Opex% OPM OPM%

  6. Slide 6: EPS

    EPS 12.8 9.7 9.8 7.1 5.6 23Q1 23Q2 23Q3 23Q4 24Q1 EPS (NT$)

  7. Slide 7: Driven by Continuous Technology Migration

    Driven by Continuous Technology Migration (NTD: billions) 59.2 10.00 55.2 60.0 PCIe 51.9 53.4 51.7 G6 9.00 49.8 47.4 47.3 47.2 8.00 44.6 *World 1st USB 40G 50.0 USB 40.3 41.8 USB 40G Host 80G 7.00 38.8 38.0 Device PCIe ** Third Party40.0 1st *World 1st 6.00 G4 Thunderbolt 4 USB 5.00 PCIe 20G 30.0 *W

  8. Slide 8: Income Statement

    Income Statement (NTD: thousands) 1Q24 4Q23 1Q23 QoQ YoY Net Revenue 1,948,193 100% 1,710,892 100% 1,398,818 100% 14% 39% Gross Margin 1,153,288 59% 1,071,598 63% 741,857 53% 8% 55% Operating expenses (481,275) -25% (432,973) -25% (419,769) -30% 11% 15% Operating Margin 672,013 34% 638,625 37% 322,0

  9. Slide 9: Balance Sheet Summary

    Balance Sheet Summary (NTD: thousands) 2021/12/31 2022/12/31 2023/12/31 2024/3/31 Amount ﹪ Amount ﹪ Amount ﹪ Amount ﹪ Cash and Cash Equiv. 2,344,369 13% 2,973,196 17% 2,852,340 13% 3,039,855 14% Account Receivable 534,932 3% 835,343 5% 1,063,582 5% 1,380,777 6% Inventory 1,413,571 8% 1,157,943 7% 56

  10. Slide 10: Thank You!

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