Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q2 2021 Earnings Presentation
19 slides from Nanya Technology's earnings presentation, Jul 9, 2021
Slide 1: Nanya Technology Q2 2021 Investor Conference
Nanya Technology Q2 2021 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 09 July 2021 July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved.
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
01 Q2’21 Revenue & Results 02 CAPEX & Bit Shipment Contents 03 Market Outlook 04 Business Review & Outlook July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q2'21 Revenue & Results
Q2’21 REVENUE & RESULTS 01 July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q2'21 Financial Results Summary
Q2’21 Financial Results Summary Q2’21 Amount in Million NT$, Q1’21 QoQ Q2’20 YoY except for EPS & BVPS (Unaudited) Net Sales 22,637 100% 17,731 100% 27.7% 16,489 100% 37.3% Gross Profit (Loss) Gross Margin(%) 9,583 42.3% 5,162 29.1% 85.7% 5,042 30.6% 90.1% Operating Income (Loss) 7,063 31.2% 3,027 1
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q2’21 vs. Q1’21 Q2’21 vs. Q2’20 Revenue +27.7% +37.3% Shipment Relatively flat Increased mid single digits% ASP Increased approx. thirty% Increased high-thirties% Exchange Rate -1.2% -6.4% Q2’21 Revenue increased by 27.7% QoQ Q2’21 Bit shipment relatively flat Q
Slide 7: Q2'21 vs. Q1'21 Results Comparison
Q2’21 vs. Q1’21 Results Comparison Q2’21 QoQ Q1’21 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta) Bit shipment relatively flat Net Sales 22,637 17,731 +27.7% ASP increased approx. thirty% FX negative impact 1.2% Gross Profit (Loss) Q2’21 Gross profit increased NT$ 4,421M, 9,583 42.3%
Slide 8: Quarterly Financial Highlights
Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 59% 55% 53% Gross Margin, Operating Margin (%) 51% Revenue, Net Income (Million NT$) 50% 52% 47% 44% 44% 44% 22,637 42% 41% 42.3% 40% 39% 20,000 40% 35% 17,731 33% 31% 31% 32% 33% 32% 16
Slide 9: Operating Expenses
Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number Q4 509 Q4 1,439 503 Q3 Q3 1,389 1,882 * 574 Q2 639* 1,239 Q2 533 492 1,643 Q1 1,071 Q1 2020 2021 2020 2021 Note: 2021 R&D expense grow YoY mainly for the increase of 10nm-class technology
Slide 10: Cash Flows
Cash Flows 2021 1H Cash Flow Unit: Million NT$ Q2’21 Q1’21 -2,718 -364 Unit: Million NT$ (Unaudited) Beginning Balance 59,113 51,726 Financial 18,944 Capital Activities Expenditures Cash from Operating & Others Activities 10,556 8,388 Cash from Capital Expenditures -1,233 -1,485 Operating Activities
Slide 11: CAPEX & Bit Shipment
02 CAPEX & BIT SHIPMENT July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 11
Slide 12: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion Mid-thirties % Mid thirties% 20.4 15.6 Low-teens% 8.5 5.5 Q2 1.2 Flat to up Q1 1.5 2018 2019 2020 2021 E 2018 2019 2020 2021 E CAPEX Bit Shipment (YoY) Capital Q2’21 CAPEX NT$ 1.2 billion (B) Expenditure(CAPEX) 2021 CAPEX plan is up to NT$ 15.6B Q2’21 bit shipm
Slide 13: New FAB Investment Plan
New FAB Investment Plan • 12-inch DRAM FAB 1 Construction • Located New Taipei City, Taiwan • Total investment is approximate NTD 300 billion Investment • The investment plan will take 3 phases within 7 years Process • 10nm-class process technologies Technology Total • Approximately 45,000 wafers /
Slide 14: Market Outlook
03 MARKET OUTLOOK July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: Market Outlook (Q3'21)
Market Outlook(Q3’21) Global economic recovering, favoring DRAM demand growth Outlook Q3’21 consumer electronics, server and PC demand healthy, 5G smartphone penetration increasing Component supply shortage may slow down PC and Server shipment, and COVID-19 situations may defer economic recove
Slide 16: Business Review & Outlook
BUSINESS REVIEW & OUTLOOK 04 July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Nanya Business Review & Outlook
Nanya Business Review & Outlook Improved Q2’21 results, positive Q3’21 DRAM market outlook 1st 10nm-class 8Gb DDR4, DDR5 start to piloting 2nd 10nm-class product development on track Announced a new DRAM fab construction and plan production by 2024 No impact on business operations by COVID
Slide 18: Thanks & Questions
Thanks & Questions July 9, 2021 ︱© 2021 Nanya Technology Corporation. All Rights Reserved. 18
Slide 19: Q2'21 Consolidated Income Statement
Q2’21 Consolidated Income Statement Q2’21 Q1’21 QoQ Q2’20 YoY Amount: Million NT$ (Unaudited) Net Sales 22,637 100.0% 17,731 100.0% 27.7% 16,489 100.0% 37.3% Cost of Goods Sold 13,054 57.7% 12,569 70.9% 11,447 69.4% Gross Margin 9,583 42.3% 5,162 29.1% 85.7% 5,042 30.6% 90.1% SG&A Expenses 639 2.8%