Slide 1: Nuvoton Technology Corporation 2H'19 Investor Conference
Nuvoton Technology Corporation 2H’19 Investor Conference February 7, 2020
Slide 2: 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 3: Agenda
Agenda • Nuvoton Financial Results • Nuvoton 2H’19 Business Results & 2020 Business Outlook • Panasonic Acquisition Update • Q&A
Slide 4: Nuvoton Financial Results
Nuvoton Financial Results • Nuvoton Consolidated Statement of Comprehensive Income • Nuvoton Consolidated Balance Sheet • Nuvoton Consolidated Statement of Cash Flows • Nuvoton Revenue and GM Trend - Consolidated
Slide 5: Consolidated Statement of Comprehensive Income (2H'19)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. 4Q’19 3Q’19 2H’19 2H’18 YoY Unit: NT$ M Amount % Amount % Amount % Amount % Amount % Net Revenue 2,789 100 2,944 100 5,733 100 5,113 100 620 12 Gross Profit 1,116 40 1,178 40 2,294 40 2,016
Slide 6: Consolidated Statement of Comprehensive Income (2019)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. Y2019 Y2018 YoY Unit: NT$ M Amount % Amount % Amount % Net Revenue 10,367 100 10,040 100 327 3 Gross Profit 4,128 39 3,913 39 215 5 Operating Income 584 5 755 7 (171) (23) Net Non-Operating
Slide 7: Consolidated Balance Sheet
Nuvoton Consolidated Balance Sheet Selected Items from Balance Sheet. Dec 31 ’19 Dec 31 ‘18 YoY Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 4,859 44 1,544 25 3,315 215 Accounts Receivable 1,078 10 997 16 81 8 Other Receivable 497 4 181 3 316 175 Inventories 1,605 14 1,561 26 44 3
Slide 8: Consolidated Statement of Cash Flows
Nuvoton Consolidated Statement of Cash Flows 2H’19 2H’18 YoY Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 503 545 (42) Cash Flows from Investing Activities (788) (107) (681) Cash Flows from Financing Activities 3,520 (519) 4,039 Cash & Cash Equivalents 4,859 1,544 3,315
Slide 9: Revenue and GM Trend - Consolidated
Nuvoton Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin Rate 3,000 2,944 50.0% 2,789 44.1% 2,684 2,642 42.4% 42.2% 2,584 41.3% 41.1% 40.6% 41.5% 41.2% 2,471 39.6% 40.2% 39.9% 40.3% 40.0% 40.0% 2,500 2,406 2,410 38.7% 39.4% 39.5% 38.6% 38.0% 38.3% 2,296 40.0% 2,223 2,243
Slide 10: 2H'19 Business Results & 2020 Business Outlook
Nuvoton 2H’19 Business Results & 2020 Business Outlook • 2H’19 Revenue by Product • 2H’19 Revenue by Application • Nuvoton 2H’19 Business Results • Nuvoton 2020 Business Outlook
Slide 11: 2H'19 Revenue by Product
2H’19 Revenue by Product HoH % MCU 0% Non-MCU 0% YoY % MCU -1% Non-MCU 1% Note: Foundry revenue was not included in the numbers .
Slide 12: 2H'19 Revenue by Application
2H’19 Revenue by Application HoH % Computer -2% Consumer -5% Communication & Others 1% Car, Industry & Auto 6% YoY % Computer 0% Consumer -5% Communication & Others 0% Car, Industry & Auto 5% Note: Foundry revenue was not included in the numbers .
Slide 13: 2H'19 Business Results (1)
Nuvoton 2H’19 Business Results (1) 2H’19 YoY : Revenue +12%, Gross Margin + 0.58% • Key reasons for Revenue YoY Increase − Growth of NuMicro MCU applying on Selected and Multi-Market Applications − Shipments of EC for Chromebook and BMC (Baseboard Management Controller) for Server • Key reason for G
Slide 14: 2H'19 Business Results (2)
Nuvoton 2H’19 Business Results (2) • 2H’19 Main Achievements − Released NuMicro Arm® Cortex®-M4 based M480 new MCU series for high processing power industrial control applications − Released NuMicro Arm® Cortex®-M0 based M031/M032 new MCU series for industrial control applications − NuMaker IoT Plat
Slide 15: 2H'19 Business Results (3)
Nuvoton 2H’19 Business Results (3) • 2H’19 Main Achievements − Shipments of BMC products, support Intel Purley and AMD Rome server platforms, integrating highest performance duo-core Arm® Cortex® A9 processor − All TPM projects have been certified by CC (Common Criteria) EAL4+ and by FIPS140-2 Level
Slide 16: 2020 Business Outlook
Nuvoton 2020 Business Outlook • New Products and Developments − NuMicro Arm® Cortex®-M23 based M252 new ultra low-power MCU series for smart home appliances − Development of high processing power MCU and MPU for the industrial control and IoT gateway and edge devices − High performance of NAU8315 (M
Slide 17: Panasonic Acquisition Update
Panasonic Acquisition Update • Acquisition Summary • Financial Related to the Acquisition
Slide 18: Acquisition Summary
Acquisition Summary • Announced acquisition on November 28, 2019 • All cash of US$250M • Expected close date June 1, 2020 • Benefits to Nuvoton −Broaden Technology & Product Portfolio −Expand Talent Pool −Expand Markets
Slide 19: Financials Related to the Acquisition
Financials Related to the Acquisition The following pro forma information have been prepared for illustrative purposes only and, because of its hypothetical nature, it may not provide a true picture of the corresponding financial position or result of operations of the Company and/or Target Business
Slide 20: Questions & Answers
Questions & Answers Company website Nuvoton: www.nuvoton.com