Slide 1: Nuvoton Technology Corporation 4Q'23 Investor Conference
Nuvoton Technology Corporation 4Q’23 Investor Conference Feb 6, 2024 1
Slide 2: Agenda
Agenda Nuvoton Financial Results Nuvoton 4Q’23 Business Update Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice ❖ We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 4: Nuvoton Financial Results
Toy of innovation Pa UVvoTOon Nuvoton Financial Results
Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated 4Q’23 3Q’23 FY2023 Unit: NT$ M Amount % Amount % Amount % Net Revenue 8,470 100 8,970 100 35,348 100 Gross Profit 3,354 40 3,756 42 14,343 41 Operating Income 240 3 624 7 1,690 5 Non-Operating Income 467 6 83 1 1,036 3 Income before Income Tax 706 8 7
Slide 6: Balance Sheet - Consolidated
Balance Sheet - Consolidated December 31 ’23 September 30 ’23 June 30 ’23 Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 6,325 20 6,374 20 9,035 25 Accounts Receivable 4,122 13 4,530 14 4,567 13 Other Receivable 505 1 538 1 829 2 Inventories 7,756 24 8,299 25 8,431 24 Long-Term Inves
Slide 7: Statement of Cash Flows - Consolidated
Statement of Cash Flows - Consolidated 4Q’23 3Q’23 2Q’23 Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 728 345 (166) Cash Flows from Investing Activities (317) 364 (264) Cash Flows from Financing Activities (267) (3,519) 315 Cash & Cash Equivalents 6,325 6,374 9,035 7
Slide 8: Revenue and GM Trend - Consolidated
Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin 15,000 50% 44% 42% 42% 41% 40% 42% 40% 40% 40% 11,180 40% 10,722 10,389 10,400 10,000 9,569 8,956 8,953 8,970 8,470 30% 20% 5,000 4,328 4,702 4,689 4,287 3,756 3,816 3,611 3,622 3,354 10% 0 0% 4Q'21 1Q'22 2Q'22 3Q'22 4Q'22
Slide 9: Nuvoton 4Q'23 Business Update
Nuvoton 4Q’23 Business Update 9
Slide 10: 4Q'23 Revenue by 4C Applications
4Q’23 Revenue by 4C Applications Automotive& 4Q’23 BMC BM-IC 17% Industrial EC HMI 3Q’23 17% MCU IC Card Computer Super IO MCU TPM 45% 48% 17% 17% Communication & Audio IC 18% Others HDMI IC MCU 21% MCU Consumer MOSFET 10 Note: Foundry revenue was not included in the numbers .
Slide 11: Overall Highlight
Overall Highlight ❖The Q4’23 results were influenced by typical seasonal trends ❖Expect the inventory issues in FY24 to be less severe compared to those in FY23 ❖Persistent macroeconomic and geopolitical uncertainties may continue to exert pressure on end market demand
Slide 12: Nuvoton 4Q'23 Business Update (1)
Nuvoton 4Q’23 Business Update (1) Automotive & Industrial ❖Design-in of 3rd generation BM-IC applied to a new Tier1 BMS customer in China ❖Mass production of HMI applied for Head Up Display (“HUD”) to a customer in Taiwan ❖NuMicro® M467 series MCU, featuring the Arm® Cortex®-M4 core, won the Best MC
Slide 13: Nuvoton 4Q'23 Business Update (2)
Nuvoton 4Q’23 Business Update (2) Communication ❖Design-in of CSP MOSFET for li-ion battery protection to FY24 new tablet model Consumer ❖Design-in of the motor control MCU for new models of dryer machine, air- conditioner, and heat pump to a Korean customer 13
Slide 14: Nuvoton 4Q'23 Business Update (3)
Nuvoton 4Q’23 Business Update (3) Computer ❖The first one EC and SIO supplier to achieve certification under FIPS 140-3 standard ❖Announced the new eBMC chip, targeting the market of edge computing platforms and delivering enhanced efficiency, security, and management capabilities to the edge comput
Slide 15: Questions & Answers
Questions & Answers Nuvoton Company Website: www.nuvoton.com 15