Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q1 2025 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Apr 10, 2025
Slide 1: Nanya Technology Q1 2025 Investor Conference
Nanya Technology Q1 2025 Investor Conference Dr. Pei-Ing Lee, President & Spokesman April 10, 2025 1
Slide 2: Safe Harbor
Safe Harbor The information herein and the presentation made during the conference contain forward-looking statements. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements or undertakes duty to update the state
Slide 3: Contents
1. Q1’25 Revenue & Results 2. CAPEX & Bit Shipment Contents 3. Market Outlook 4. Business Review & Outlook April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q1'25 Revenue & Results
01. Q1’25 Revenue & Results April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q1'25 Financial Results Summary
Q1’25 Financial Results Summary Q1’25 Q4’24 QoQ Q1’24 YoY Amount in Million NT$, except for EPS & BVPS (Unaudited) Net Sales 7,188 100% 6,575 100% 9.3% 9,503 100% -24.4% Gross Profit (Loss) Gross Margin (%) -1,075 -15.0% -695 -10.6% - -277 -2.9% - Operating Income (Loss) Operating Margin (%) -3,155
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q1’25 vs. Q4’24 Q1’25 vs. Q1’24 Revenue 9.3% -24.4% Shipment Increased high-single digit% Decreased high-twenties% ASP Decreased low-single digit% flat Exchange Rate Increased low-single digit% Increased mid-single digit% April 10, 2025︱© 2025 Nanya Technology Corpo
Slide 7: Q1'25 vs. Q4'24 Results Comparison
Q1’25 vs. Q4’24 Results Comparison Q1’25 Q4’24 QoQ Remarks Amount in Million NT$ (Unaudited) (PPT* Delta) ◼ Bit shipment increased high-single digit% Net Sales 7,188 6,575 9.3% ◼ ASP decreased low-single digit% ◼ FX favorable low-single digit% Gross Profit (Loss) ◼ Gross loss increased NT$ 380M, mai
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) Amount in Million NT$ Amount in Million NT$ Total: 7,685 1,489 Q4 2,138 Q3 Total: 2,449 628 Q4 1,998 Q2 631 Q3 608 Q2 2,059 Q1 1,531* 583 Q1 549* 2024 2025 2024 2025 April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights
Slide 9: Cash Flows
Cash Flows Q1’25 Cash Flow Q1’25 Q4’24 Amount in Million NT$ Amount in Million NT$ (Unaudited) 9,009 -1,945 Beginning Balance 61,903 61,157 -6,487 Cash from Cash from Operating Activities -1,945 -216 Operating Activities Capital Financial Capital Expenditures -6,487 -3,372 Expenditures Activities &
Slide 10: CAPEX & Bit Shipment
02. CAPEX & Bit Shipment April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 10
Slide 11: CAPEX & Bit Shipment
CAPEX & Bit Shipment Amount in Billion NT$ 20.7 ~19.6 Up > 30% 16.1 Down Down 13.2 twenties% mid-single% Flat 6.5 2022 2023 2024 2025E 2022 2023 2024 2025E CAPEX Bit Shipment (YoY) Capital ⚫ Q1’25 CAPEX was NT$ 6.5B; Expenditure (CAPEX) ⚫ 2025 CAPEX plan up to NT$19.6B* *Approved by the Board on Feb
Slide 12: Market Outlook
03. Market Outlook April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 12
Slide 13: DRAM Market Outlook (Q2'25)
DRAM Market Outlook (Q2’25) ⚫ AI drive demand for cloud data center in 2024-2025. From 2026, AI may gradually grow Outlook demand in the edge applications ⚫ Compact language models expedite applications in edge devices (e.g., mobile, PC, automotive, robotics), and also trigger customized DRAM specif
Slide 14: Business Review & Outlook
04. Business Review & Outlook April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: Nanya Business Review & Outlook
Nanya Business Review & Outlook ◼ Q1’25 net loss NT$ 1,941 million, EPS NT$ -0.63; ◼ 2nd 10nm-class (1B) wafer input reached one-third of total capacity in Q2’25 ◼ Delivered 16Gb DDR5 at 5600 speed in Q1’25, and sampling at 6400 speed in Q2’25 ◼ 3rd and 4th 10nm-class (1C & 1D) and customized produc
Slide 16: April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved.
April 10, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Q1'25 Consolidated Income Statement
Q1’25 Consolidated Income Statement Q1’25 Amount in Million NT$, except for EPS & BVPS Q4’24 QoQ Q1’24 YoY (Unaudited) Net Sales 7,188 100.0% 6,575 100.0% 9.3% 9,503 100.0% -24.4% Cost of Goods Sold 8,263 115.0% 7,270 110.6% 9,780 102.9% Gross Profit (Loss) -1,075 -15.0% -695 -10.6% - -277 -2.9% - S