Slide 1: Third Quarter 2023 Earnings Release
Third Quarter 2023 Earnings Release ASE Technology Holding 26 October, 2023
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 Income
Consolidated Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q3 / 2023 % Q2 / 2023 % Q3 / 2022 % QoQ YoY Net Revenues: ATM 82,590 53.6% 75,256 55.2% 97,137 51.5% 10% -15% EMS 70,948 46.0% 60,384 44.3% 90,660 48.1% 17% -22% Others 629 0.4% 635 0.5% 829 0.4% -1% -24% Total Net Reve
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 200,000 40% 829 744 871 150,000 629 30% 873 90,660 66,213 83,931 635 636 61,163 70,948 21.4% 60,384 100,000 19.7% 20.1% 19.2% 57,731 20% 16.0% 16.2% 14.8% 12.8% 12.6% 50,000 11.2% 11.1% 10% 93,355 97,137 92,742 82,355 72,524 75,256 82,590 6.9% 7.4% 5.9
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q3 / 2023 % Q2 / 2023 % Q3 / 2022 % QoQ YoY Net Revenues: Packaging 69,731 83.3% 62,607 82.3% 82,090 83.1% 11% -15% Testing 12,819 15.3% 12,292 16.1% 14,941 15.1% 4% -14% Direct Material 1,098 1.3% 1,165 1.5% 1,765 1.8% -6% -38%
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 98,831 100,000 94,998 94,322 50% 84,025 83,684 28,832 76,108 80,000 27,768 26,193 73,319 40% 23,101 18,590 14,749 16,161 60,000 30% 29.2% 29.2% 27.8% 27.5% 40,000 22.2% 20% 20.1% 21.2% 20,000 10% 0 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Revenue Gross Prof
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 32% 32% 31% 31% 33% 33% 29% 80% 60% 16% 16% 16% 16% 19% 17% 18% 40% 52% 52% 53% 53% 50% 49% 52% 20% 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 2% 1% 2% 2% 1% 2% 1% 15% 15% 15% 15% 16% 16% 15% 80% 6% 6% 7% 7% 8% 8% 7% Material Testing 60% 34% 35% 34% 33% 32% 34% 34% Others 40% Wirebonding Bump/FC/WLP/ 20% 43% 43% 42% 43% 41% 41% 44% SiP 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 8
Slide 9: EMS Operations
EMS Operations Quarterly Revenues by Application (unaudited) (NT$ million) Q3 / 2023 % Q2 / 2023 % Q3 / 2022 % QoQ YoY EMS Net Revenues 70,970 100.0% 60,424 100.0% 90,665 100.0% 18% -22% Gross Profit 6,470 9.1% 5,639 9.3% 9,198 10.1% 15% -30% Operating Income (Loss) 2,767 3.9% 2,089 3.5% 5,130 5.7%
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Sept. 30, 2023 Jun. 30, 2023 Cash and cash equivalent $62,812 $59,351 Financial assets - current 9,055 7,040 Financial assets - non current & investments - equity method 28,402 26,761 Property, plant & equipment 267,316 262,604 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,400 1,283 1,203 1,200 1,141 1,100 1,000 885 843 781 800 600 515 443 400 400 339 231 209 239 200 0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Capex EBITDA 11
Slide 12: Fourth Quarter 2023 Outlook
Fourth Quarter 2023 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2023 to be as follows: In NT dollar terms, our ATM 4th quarter 2023 revenues should decline low to mid single digits quarter over quar
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/2022 Q2/2022 Q3/2022 Q4/2022 FY/2022 Q1/2023 Q2/2023 Q3/2023 Revenues 144,390,827 160,439,019 188,625,557 177,417,239 670,872,642 130,891,073 136,275,353 154,166,844 COGS 115,919,599 126,051,460 150,653,584 143,