Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q1 2021 Earnings Presentation
13 slides from Ase Technology's earnings presentation, Apr 28, 2021
Slide 1: ASE Technology Holding First Quarter 2021 Earnings Release
ASE Technology Holding First Quarter 2021 Earnings Release ASE Technology Holding Co., Ltd. April 28, 2021 1
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. Although these forward-looking statements, which may
Slide 3: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q1 / 2021 % Q4 / 2020 % Q1 / 2020 % QoQ YoY Net Revenues: ATM 71,184 59.6% 69,135 46.4% 64,150 65.9% 3% 11% EMS 47,684 39.9% 79,141 53.2% 32,721 33.6% -40% 46% Others 602 0.5% 601 0.4% 486 0.5% 0% 24% Tota
Slide 4: ATM Statements of Comprehensive Income
ATM Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q1 / 2021 % Q4 / 2020 % Q1 / 2020 % QoQ YoY Net Revenues: Packaging 61,545 83.4% 60,825 83.6% 53,600 81.0% 1% 15% Testing 11,131 15.1% 10,667 14.7% 11,566 17.5% 4% -4% Direct Material 1,044 1.4% 1,229 1.7% 1,014 1.
Slide 5: ATM Operations
ATM Operations (unaudited) NT$ Million 80,000 72,752 73,767 40% 69,516 71,820 66,209 14,540 16,478 18,007 60,000 15,082 30% 13,334 24.4% 40,000 22.6% 20% 21.7% 20.1% 20.2% 20,000 10% 0 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Revenue Gross Profit Gross Margin 5
Slide 6: ATM Revenue by Application
ATM Revenue by Application (unaudited) 100% 31% 32% 33% 34% 36% 80% 60% 15% 14% 14% 14% 14% 40% 54% 54% 53% 52% 50% 20% 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Communication Computing Automotive, Consumer & Others 6
Slide 7: ATM Revenue by Type
ATM Revenue by Type (unaudited) 100% 2% 2% 1% 2% 2% 17% 18% 17% 15% 15% 80% 8% 9% 9% Material 7% 7% Testing 60% 36% 35% 37% 39% 40% Discrete and Other Wirebonding 40% Bump/FC/WLP /SiP 20% 38% 38% 37% 35% 34% 0% Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 7
Slide 8: EMS Operations
EMS Operations Quarterly Comparison & Revenue By Application (unaudited) (NT$ Million) Q1 / 2021 % Q4 / 2020 % Q1 / 2020 % QoQ YoY EMS Net Revenues 47,693 100.0% 79,149 100.0% 32,727 100.0% -40% 46% Gross Profit 4,153 8.7% 6,996 8.8% 3,048 9.3% -41% 36% Operating Income (Loss) 1,333 2.8% 3,463 4.4%
Slide 9: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Mar. 31, 2021 Dec. 31, 2020 Cash and cash equivalent 73,783 51,538 Financial assets - current 5,114 4,894 Financial assets - non current & investments - equity method 18,797 17,041 Property, plant & equipment 236,865 233,207 Total assets 60
Slide 10: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) US$ Million 1,000 908 881 788 800 751 635 600 495 471 410 415 379 400 200 0 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Capex EBITDA 10
Slide 11: Second Quarter 2021 Outlook
Second Quarter 2021 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the Second quarter of 2021 to be as follows: • ATM 2nd quarter sequential business growth rate should be similar with 2nd quarter 2020 sequential business gro
Slide 12: Thank You
Thank You w w w. a s e g l o b a l . c o m 12
Slide 13: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (unaudited) (NT$ Thousand) Q1/2020 Q2/2020 Q3/2020 Q4/2020 FY/2020 Q1/2021 Revenues 97,357,155 107,548,773 123,195,399 148,877,383 476,978,710 119,469,784 COGS 81,201,507 88,739,372 103,475,591 125,577,972 398,994,442 97,441,743 PPA under CO
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