Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — H2 2018 Earnings Presentation
17 slides from Nuvoton Technology's earnings presentation, Jan 31, 2019
Slide 1: Nuvoton Technology Corporation 2H'18 Investor Conference
Nuvoton Technology Corporation 2H’18 Investor Conference January 31, 2019
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’18 Business Results & 2019 Business Outlook • 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'18)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. 4Q’18 3Q’18 2H’18 2H’17 YoY Unit: NT$ M Amount % Amount % Amount % Amount % Amount % Net Revenue 2,471 100 2,642 100 5,113 100 4,706 100 407 9 Gross Profit 975 39 1,041 39 2,016 39 1,934 41
Slide 6: Consolidated Statement of Comprehensive Income (2018)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. Y2018 Y2017 YoY Unit: NT$ M Amount % Amount % Amount % Net Revenue 10,040 100 9,235 100 805 9 Gross Profit 3,913 39 3,733 40 180 5 Operating Income 755 7 714 7 41 6 Net Non-Operating Income
Slide 7: Consolidated Balance Sheet
Nuvoton Consolidated Balance Sheet Selected Items from Balance Sheet. Dec 31 ‘18 Jun 30 ‘18 HoH Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 1,544 25 1,632 25 (88) (5) Accounts Receivable 997 16 1,067 16 (70) (7) Other Receivable 181 3 284 4 (103) (36) Inventories 1,561 26 1,683 26
Slide 8: Consolidated Statement of Cash Flows
Nuvoton Consolidated Statement of Cash Flows 2H’18 1H’18 HoH Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 545 328 217 Cash Flows from Investing Activities (107) (114) 7 Cash Flows from Financing Activities (519) 0 (519) Cash & Cash Equivalents 1,544 1,632 (88)
Slide 9: Revenue and GM Trend - Consolidated
Nuvoton Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin Rate 3,000 50.0% 43.8% 44.1% 2,684 2,642 42.8% 42.4% 42.2% 2,471 41.9% 41.3% 41.1% 40.6% 41.5% 41.2% 41.2% 2,500 39.6% 40.2% 2,406 2,410 39.9% 39.4% 39.5% 38.0% 38.3% 38.7% 2,296 40.0% 2,223 2,243 2,150 2,105 2,123
Slide 10: 2H'18 Business Results & 2019 Business Outlook
Nuvoton 2H’18 Business Results & 2019 Business Outlook • 2H’18 Revenue by Product • 2H’18 Revenue by Application • Nuvoton 2H’18 Business Results • Nuvoton 2019 Business Outlook
Slide 11: Revenue and EPS Trend - 10 Years
Nuvoton Revenue and EPS Trend- 10 Years Net Sale NT$M EPS 12,000 4.5 4.13 4.0 10,000 3.32 3.42 3.5 8,000 3.02 2.95 3.0 2.26 2.5 6,000 2.0 2.05 1.65 1.72 4,000 1.5 1.25 1.0 2,000 10,040 7,091 7,941 7,342 7,413 6,809 6,822 7,313 8,329 9,235 0.5 0.0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Net
Slide 12: 2H'18 Revenue by Product
2H’18 Revenue by Product Non-MCU 22% HoH % 25% MCU 3% Non-MCU -3% 75% 78% MCU Non-MCU 22% 27% YoY % MCU 5% Non-MCU -5% 73% 78% MCU Note: Foundry revenue was not included in the numbers .
Slide 13: 2H'18 Revenue by Application
2H’18 Revenue by Application Car, Ind., Auto Computer 27% HoH % 27% 44% Computer 2% 42% Consumer -2% Communication & Others 0% 3% 3% Car, Industry & Auto 0% Communication & 28% Others 26% Consumer Car, Ind., Auto Computer 27% 26% 44% YoY % 43% Computer 1% 3% Consumer -2% 3% Communication & Others 0%
Slide 14: 2H'18 Business Results (1)
Nuvoton 2H’18 Business Results (1) 2H’18 YoY : Revenue + 9%, Gross Margin -1.67 % • Key reasons for Revenue YoY Increase − Growth of NuMicro MCU applying on Selected and Multi-Market Applications − Growth of NuMicro Arm ® Cortex ® 32-bit MCU and MPU SoC applying on Industrial Control − Shipments of
Slide 15: 2H'18 Business Results (2)
Nuvoton 2H’18 Business Results (2) • 2H’18 Main Achievements − Launch NuMicro® M2351 IoT Security Microcontroller Series based on the ARM Cortex-M23 TrustZone® empowered technology − Shipments of Arm® Cortex® M4 based Audio MCU for game consoles manufacture − Shipments of BMC products, supports Inte
Slide 16: 2019 Business Outlook
Nuvoton 2019 Business Outlook • New Products and Developments − NuMicro Arm® Cortex®-M based MCU for low-power applications, applying on HMI, industry control, consumer devices and multi-markets − High performance Arm® Cortex® M4 based Audio MCU for smart home voice recognition applications − OpenBM
Slide 17: Questions & Answers
Questions & Answers Company website Nuvoton: www.nuvoton.com