ASE Technology Holding Co., Ltd. · TWSE:3711
ASE Technology — ASE Test — Q2 2005 Earnings Presentation
14 slides from ASE Technology's earnings presentation, Aug 4, 2005
Slide 1: ASE Test Limited 2005 Q2 Earnings Release
ASE Test Limited 2005 Q2 Earnings Release Presented by ASE Test Ltd. 08/04/2005
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regardin
Slide 3: Income Statement 2005 Q2 YoY Comparison
Income Statement 2005 Q2 YoY Comparison YoY (US$ Million except EPS) 2005 Q2 % 2004 Q2 % Change Net Revenues: Testing 77.8 63.6% 89.7 49.9% -13% IC Packaging 18.1 14.8% 22.4 12.5% -19% Module Assembly 26.5 21.7% 67.8 37.7% -61% Total Net Revenues 122.4 100.0% 179.9 100.0% -32% Gross Profit 13.4 10.9
Slide 4: Income Statement 2005 Q2 Sequential Comparison
Income Statement 2005 Q2 Sequential Comparison Sequential (US$ Million except EPS) 2005 Q2 % 2005 Q1 % Change Net Revenues: Testing 77.8 63.6% 74.6 64.4% 4% IC Packaging 18.1 14.8% 17.5 15.1% 3% Module Assembly 26.5 21.7% 23.7 20.5% 12% Total Net Revenues 122.4 100.0% 115.8 100.0% 6% Gross Profit 13
Slide 5: Revenue & Margin Trend
Revenue & Margin Trend US$ Million 200 179.9 30% 163.5 150 18.9% 17.6% 147.4 20% 13.7% 115.8 122.4 10.9% 100 6.9% 10% 5.8% 4.8% 0.5% 50 34.0 28.9 0% 20.2 12.4 9.5 13.4 5.6 -8.5% 0.8 -10.0% 0 -10% Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 -11.6 -10.4 -50 -20% Revenue Gross Profit Operating Profit Gross Margin Op
Slide 6: Testing Operations
Testing Operations US$ Million 100 91.4 40% 89.7 87.3 77.8 80 29.6% 74.6 28.6% 30% 60 20.0% 20% 40 13.8% 26.6 26.2 17.4 10% 20 6.5% 10.8 4.8 0 0% Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 Revenue Gross Profit Gross Margin 6
Slide 7: IC Packaging Operations
IC Packaging Operations US$ Million 30 5% 22.4 20.4 20 17.5 17.5 18.1 -0.6% 0% 10 -4.1% -4.4% -5% -6.6% 0 -1.2 -0.9 -1.3 -0.8 -7.1% -0.1 Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 -10 -10% Revenue Gross Profit Gross Margin 7
Slide 8: Module Assembly Operations
Module Assembly Operations US$ Million 80 15% 67.8 12.3% 60 10.3% 51.7 10% 7.8% 42.6 8.4% 8.4% 40 26.5 23.7 5% 20 8.4 4.0 3.6 2.0 2.7 0 0% Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 Revenue Gross Profit Gross Margin 8
Slide 9: Top Ten Customers
Top Ten Customers 2005 Q2 ASE Test Limited AGILENT ALTERA ATI ATMEL CSR FLEXTRONICS LEGERITY PHILIPS QUALCOMM VIA Top 5 44% of Total Sales Top 10 59% of Total Sales 9
Slide 10: Market Segment Exposure
Market Segment Exposure 2005 Q2 2005 Q1 Others Others 4% Consumers & 1% Consumers & Communications Communications Industrial Industrial 55% 55% 19% 17% Computing Computing 24% 25% 10
Slide 11: Capital Expenditure
Capital Expenditure* US$ Million 80 2005 1H capex $16.5 million 60 45 45 46 40 19 20 10 7 9 7 4 6 1 0 0 0 0 0 0 0 0 Q1/04 Q2/04 Q3/04 Q4/04 Q1/05 Q2/05 Testing Capex IC Packaging Capex Module Assembly Capex *: Excluding building and other infrastructure project costs 11
Slide 12: Selective Balance Sheet Information
Selective Balance Sheet Information (US$ Million) Jun. 30, 2005 Mar. 31, 2005 Change Cash and Cash Equivalent 66.1 45.1 46.6% Short-term Investments 10.1 17.0 -40.6% Long-term Investments 135.6 133.9 1.3% Total Assets 985.8 1,055.6 -6.6% ST Debt - Revolving Credit 31.2 50.3 -38.0% - Current Portion
Slide 13: Guidance for 2005 Q3
Guidance for 2005 Q3 Compared with 2005 Q2 > Total revenues will increase by a low-single digit % > IC testing revenues will increase by approximately 10% > IC packaging revenues remain flat > Module assembly revenues will decline by 20% > Gross margin at high-teen % > Bottom line breaks even > 2H C
Slide 14: For more information regarding ASE Test Ltd.
For more information regarding ASE Test Ltd. http://www.asetest.com For all inquiries, suggestion, and comments ir_asetest@aseglobal.com 14