Amkor Technology, Inc. · NASDAQ:AMKR
Amkor Technology — Investor Presentation (July 2017)
14 slides from Amkor Technology's investor presentation, July 2017
Slide 1: Amkor Technology, Inc. Financial Information
Amkor Technology, Inc. Financial Information July 2017 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statement Disclaimer All information and other statements contained in this presentation, other than statements of historical fact, constitute forward-looking statements within the meaning of federal securities laws. These forward-looking statements involve a number of ris
Slide 3: 2Q17 and 3Q17 Summary
2Q17 and 3Q17 Summary 3Q 2017 Guidance (In Millions, Except per Share Data) As of July 31, 2017(3) 2Q 2017 1Q 2017 2Q 2016 Net Sales $1040 - $1120 $989 $914 $917 Gross Margin 17% - 20% 17.4% 15.6% 14.3% Net Income (Loss) $24 – $64 $116 ($10) $5 Earnings per Diluted Share $0.10 – $0.27 $0.48 ($0.04)
Slide 4: LTM 2Q17 End Markets
LTM 2Q17 End Markets 44% COMMUNICATIONS 25% AUTOMOTIVE & 14% CONSUMER 10% NETWORKING 7% COMPUTING INDUSTRIAL Smartphone Television Server PC/Laptop Tablet Infotainment Set-Top Box Router Hard Disk Drive Handheld Device Safety Personal Electronics Switch Peripherals Performance 4
Slide 5: Profitability Trends
Profitability Trends Revenue, Gross Profit and Gross Margin $ in Millions $4,500 25% $3,894 $4,011 $4,000 $3,500 20% $3,129 $2,885 $3,000 19% 18% 18% 17% 15% $2,500 $2,000 10% $1,500 $1,000 $695 $756 5% $553 $479 $500 $0 0% 2014* 2015 2016 LTM 2Q17 (1) Revenue Gross Profit Gross Margin % *Non-GAAP G
Slide 6: EPS Trends
EPS Trends $1.11 $0.81 $0.69 $0.32 2014* 2015* 2016 LTM 2Q17 *Non-GAAP Earnings per Diluted Share. See page 12 for reconciliation of non-GAAP measures. 6
Slide 7: Free Cash Flow and EBITDA
Free Cash Flow and EBITDA Free Cash Flow(2) EBITDA(1) $ in Millions $ in Millions $281 $999 $852 $140 $739 $659 $54 ($63) 2014 2015 2016 LTM 2Q17 2014 2015 2016 LTM 2Q17 (1) and (2): See notes on page 14 7
Slide 8: Capital Expenditures and Capital Intensity
Capital Expenditures and Capital Intensity $ in Millions 22% $900 22% 19% 20% $800 17% 18% Expect 2017 Capital $700 Expenditures(3) $38 16% of Around $600 $170 14% $500 $400 $154 12% 10% $525M $643 8% $300 $480 $525 6% $200 $384 4% $100 2% $0 0% 2014 2015 2016 2017 Guidance (3) Capital Expenditures
Slide 9: Credit Profile
Credit Profile Total Debt and Cash Debt/EBITDA(1) $ in Millions 2.4 $1,587 $1,568 $1,531 2.1 $1,475 1.7 1.6 $658 $523 $550 $450 2014 2015 2016 LTM 2Q17 2014 2015 2016 LTM 2Q17 Total Debt Cash (1): See note on page 14 9
Slide 10: Debt Maturities
Debt Maturities Maturity Profile as of June 30, 2017 $ in Millions $529 $660M Cash $325 $244 $209 $525 $172 $200 $92 $44 $200 $9 $4 $270M 2017 2018 2019 2020 2021 2022 In Available Credit Lines Term Loans and Other Senior Notes 10
Slide 11: Financial Reconciliation Tables
Financial Reconciliation Tables $ in Millions LTM 2Q17 2016 2015 2014 2Q17 1Q17 2Q16 Net Income (Loss) $266 $164 $51 $130 $116 ($10) $5 Plus: Interest Expense (including Related Party) 90 85 86 110 22 22 22 Plus: Income Tax Expense 76 48 28 34 33 0 3 Plus: Depreciation & Amortization 567 555 494 465
Slide 12: Financial Reconciliation Tables
Financial Reconciliation Tables 2015 2014 Gross Margin 17.7% Plus: Litigation settlement charges divided by net sales 2.4% Non-GAAP Gross Margin* 20.1% Earnings per Diluted Share $0.22 $0.55 Plus: Litigation settlement charges per diluted share - 0.33 Plus: Net loss on acquisition of J-Devices per d
Slide 13: Non-GAAP Measures
Non-GAAP Measures Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accord
Slide 14: Endnotes
Endnotes 1) EBITDA is defined as net income before interest expense, income tax expense and depreciation and amortization. Please see reconciliation of non-GAAP measures on page 11. 2) Free cash flow is defined as net cash provided by operating activities less payments for property, plant and equipm