Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q4 2024 Earnings Presentation
20 slides from Nanya Technology's earnings presentation, Jan 13, 2025
Slide 1: Q4 2024 Investor Conference
Nanya Technology Q4 2024 Investor Conference Dr. Pei-Ing Lee, President & Spokesman January 13, 2025 January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 1
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
1. Q4’24 Revenue & Results 2. 2024 Revenue & Results Contents 3. CAPEX & Bit Shipment 4. Market Outlook 5. Business Review & Outlook January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q4'24 Revenue & Results
01. Q4’24 Revenue & Results January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q4'24 Financial Results Summary
Q4’24 Financial Results Summary Q4’24 Amount in Million NT$, except for EPS & BVPS Q3’24 QoQ Q4’23 YoY (Unaudited) Net Sales 6,575 100% 8,133 100% -19.2% 8,704 100.0% -24.5% Gross Profit (Loss) Gross Margin(%) *-695 -10.6% 264 3.2% - -1,188 -13.6% - Operating Income (Loss) Operating Margin(%) -2,812
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q4’24 vs. Q3’24 Q4’24 vs. Q4’23 Revenue -19.2% -24.5% Shipment Decreased high-single digit% Decreased low-thirties% ASP Decreased low-teens% Increased low-teens% Exchange Rate Flat Increased low-single digit% January 13, 2025︱© 2025 Nanya Technology Corporation. All
Slide 7: Q4'24 vs. Q3'24 Results Comparison
Q4’24 vs. Q3’24 Results Comparison Q4’24 QoQ Amount in Million NT$ Q3’24 Remarks (Unaudited) (PPT* Delta) ◼ ASP decreased low-teens% Net Sales 6,575 8,133 -19.2% ◼ Bit shipment decreased high-single digit% ◼ FX flat ◼ Gross profit decreased NT$ 959M, mainly Gross Profit (Loss) due to ASP decrease -6
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) (Million NT$) (Million NT$) Total: 2,401 Total: 2,450* Total: 7,576 Total: 7,685* 1,489* 648 Q4 628* 2,214 Q4 2,138 600 Q3 631 1,787 Q3 1,795 Q2 1,998 602 Q2 608 551 Q1 583 1,780 Q1 2,059 2023 2024 2023 2024 January 13, 2025︱© 2
Slide 9: Cash Flows
Cash Flows 2024 Cash Flow Q4’24 Unit: Million NT$ Unit: Million NT$ Q3’24 (Unaudited) 17,282 Beginning Balance 61,157 65,491 1,909 -16,143 Cash from Operating Cash from Activities -258 -42 Operating Activities Capital Expenditures -3,372 -7,333 61,860 Capital Financial Expenditures Activities & Fina
Slide 10: 2024 Revenue & Results
02. 2024 Revenue & Results January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 10
Slide 11: 2024 Financial Results Summary
2024 Financial Results Summary 2024 Amount in Million NT$, except for EPS & BVPS 2023 YoY (Unaudited) Net Sales 34,132 100% 29,892 100% 14.2% Gross Profit (Loss) Gross Margin(%) *-421 -1.2% -4,483 -15.0% - Operating Income (Loss) Operating Margin(%) -10,555 -30.9% -14,460 -48.4% - Non-operating Inco
Slide 12: 2024 vs. 2023 Results Comparison
2024 vs. 2023 Results Comparison 2024 YoY Amount in Million NT$ 2023 Remarks (Unaudited) (PPT* Delta) ◼ Bit shipment flat Net Sales 34,132 29,892 14.2% ◼ ASP increased low-teens% ◼ FX favorable low-single digit% Gross Profit (Loss) ◼ Gross loss decreased NT$ 4.1B, mainly -421 -1.2% -4,483 -15.0% 13.
Slide 13: CAPEX & Bit Shipment
03. CAPEX & Bit Shipment January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 13
Slide 14: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion 20.7 ~20.0 16.1 Down Up > 20% Down 13.2 twenties% mid-single% Flat 2022 2023 2024 2025E 2022 2023 2024 2025E CAPEX Bit Shipment (YoY) Capital ⚫ Q4’24 CAPEX was NT$ 3.4B; Y2024 CAPEX was NT$ 16.1B Expenditure (CAPEX) ⚫ 2025 CAPEX plan up to NT$20B* *Subject to Board’s
Slide 15: Market Outlook
04. Market Outlook January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 15
Slide 16: DRAM Market Outlook (2025)
DRAM Market Outlook (2025) ⚫ AI continues to drive DRAM demand in cloud data centers and edge computing, with Outlook applications spanning from servers to PCs, smartphone, robotics and other smart devices. ⚫ Demands for general PCs, mobiles and consumer products remains weak ⚫ Market may bottom out
Slide 17: Business Review & Outlook
05. Business Review & Outlook January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 17
Slide 18: Nanya Business Review & Outlook
Nanya Business Review & Outlook ◼ Q4’24 net loss NT$ 1,574 million, EPS NT$ -0.51; 2024 net loss NT$ 5,083 million, EPS NT$ -1.64 ◼ 2nd 10nm-class (1B) are ramping up, with an expected bit production exceeding 30% of total output by 2025 • 16Gb DDR5 5600 delivered to market in Q4’24 • 16Gb DDR5 6400
Slide 19: January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved.
January 13, 2025︱© 2025 Nanya Technology Corporation. All Rights Reserved. 19
Slide 20: Q4'24 Consolidated Income Statement
Q4’24 Consolidated Income Statement Q4’24 Amount in Million NT$, except for EPS & BVPS Q3’24 QoQ Q4’23 YoY (Unaudited) Net Sales 6,575 100.0% 8,133 100.0% -19.2% 8,704 100.0% -24.5% Cost of Goods Sold 7,270 110.6% 7,869 96.8% 9,892 113.6% Gross Profit (Loss) -695 -10.6% 264 3.2% - -1,188 -13.6% - SG