Ase Technology Holding Co., Ltd. · TWSE:3711

Ase Technology — Q3 2019 Earnings Presentation

14 slides from Ase Technology's earnings presentation, Oct 30, 2019

  1. Slide 1: Third Quarter 2019 Earnings Release

    1 ASE Technology Holding Co., Ltd. October 30, 2019 ASE Technology Holding Third Quarter 2019 Earnings Release

  2. Slide 2: Safe Harbor Notice

    2 Safe Harbor Notice This presentation contains "forward - looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward - looking statements, whi

  3. Slide 3: 3Q19 YTD Business Recap (Pro Forma)

    3 3Q19 YTD Business Recap (Pro Forma) • Advanced packaging outgrew the overall ATM business • 3Q19 YTD bumping/FC/WLP/ SiP revenues grew 9% YoY • 3Q19 YTD test revenues grew 6% YoY • Group SiP business grew 32% YoY (3Q19 YTD) • Incremental full year revenue from new SiP projects on track to reach ta

  4. Slide 4: Consolidated Statements of Comprehensive Income Quarterly Comparison

    4 Consolidated Statements of Comprehensive Income Quarterly Comparison (unaudited) (NT$ Million) Q3 / 2019 % Q2 / 2019 % Q3 / 2018 % QoQ YoY Net Revenues: ATM 66,440 56.5% 58,750 64.8% 65,360 60.7% 13% 2% EMS 50,584 43.0% 31,524 34.7% 41,996 39.1% 60% 20% Others 533 0.5% 467 0.5% 241 0.2% 14% 121% T

  5. Slide 5: ATM Statements of Comprehensive Income Quarterly Comparison

    5 ATM Statements of Comprehensive Income 2 Quarterly Comparison (unaudited) (NT$ Million) Q3 / 2019 % Q2 / 2019 % Q3 / 2018 % QoQ YoY Net Revenues: Packaging 55,163 81.2% 48,329 81.1% 54,321 81.9% 14% 2% Testing 11,495 16.9% 10,286 17.3% 10,839 16.3% 12% 6% Direct Material 1,211 1.8% 944 1.6% 1,134

  6. Slide 6: Pro Forma ATM Operations

    6 Pro Forma ATM Operations 2, 3 ( unaudited ) 9,491 11,870 14,268 13,962 8,438 11,100 14,708 55,985 61,790 66,324 64,120 54,371 59,594 67,901 17.0% 19.2% 21.5% 21.8% 15.5% 18.6% 21.7% 0% 10% 20% 30% 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 NT$ Mill

  7. Slide 7: Pro Forma ATM Revenue by Application

    7 Pro Forma ATM Revenue by Application (unaudited) 53% 49% 51% 52% 53% 51% 53% 14% 15% 14% 14% 13% 14% 14% 33% 36% 35% 34% 34% 35% 33% 0% 20% 40% 60% 80% 100% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Communication Computer Automotive, Consumer & Others Pro forma financial information has been prepa

  8. Slide 8: Pro Forma ATM Revenue by Type

    8 30% 31% 31% 33% 34% 34% 35% 46% 45% 43% 39% 40% 39% 37% 7% 7% 8% 9% 8% 8% 9% 15% 15% 16% 17% 16% 17% 17% 2% 2% 2% 2% 2% 2% 2% 0% 20% 40% 60% 80% 100% Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Material Testing Discrete and Other Wirebonding Bump/FC/WLP /SiP Pro Forma ATM Revenue by Type (unaudited)

  9. Slide 9: EMS Operations Quarterly Comparison & Revenue By Application

    9 EMS Operations Quarterly Comparison & Revenue By Application (unaudited) (NT$ Million) Q3 / 2019 % Q2 / 2019 % Q3 / 2018 % QoQ YoY EMS Net Revenues 50,599 100.0% 31,533 100.0% 42,009 100.0% 60% 20% Gross Profit 4,494 8.9% 2,876 9.1% 4,163 9.9% 56% 8% Operating Income (Loss) 2,099 4.1% 503 1.6% 1,7

  10. Slide 10: Key Balance Sheet Items & Indices

    10 Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Sept. 30, 2019 Jun. 30, 2019 Cash and cash equivalent 61,220 55,090 Financial assets - current 6,583 11,190 Financial assets - non current & investments - equity method 15,076 13,160 Property, plant & equipment 226,302 219,388 Total asse

  11. Slide 11: Pro Forma Equipment Capital Expenditure vs. EBITDA

    11 Pro Forma Equipment Capital Expenditure vs. EBITDA (unaudited) 327 383 290 248 239 444 436 558 647 705 685 537 582 681 0 200 400 600 800 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 US$ Million Capex EBITDA Pro forma financial information has been prepared with the inclusion of SPIL’s results prior

  12. Slide 12: Fourth Quarter 2019 Outlook

    12 Fourth Quarter 2019 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2019 to be as follows: • In NTD terms, ATM 4 th quarter 2019 business should be similar to 3 rd quarter 2019 levels ; • ATM 4 th quart

  13. Slide 13: Thank You

    13 www.aseglobal.com Thank You

  14. Slide 14: Appendix Consolidated Statements of Comprehensive Income

    14 Appendix 1 Consolidated Statements of Comprehensive Income ( unaudited) (NT$ Thousands) Q1/2019 Q2/2019 Q3/2019 Revenues 88,861,446 90,740,910 117,557,307 COGS 77,476,565 76,771,842 98,449,014 PPA under COGS 1,204,762 1,204,762 1,196,284 Gross profit 11,384,881 13,969,068 19,108,293 Gross profit

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