Andes Technology Corp. · TWSE:6533
Andes Technology — Q1 2023 Earnings Presentation
39 slides from Andes Technology's earnings presentation, May 18, 2023
Slide 1: Andes Technology Corp. Investor Conference Report
Andes Technology Corp. Investor Conference Report
Slide 2: Safe Harbor Notice
Safe Harbor Notice Except for the historical information contained herein, the matters addressed in this presentation are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including but not limited to weather, impact of comp
Slide 3: Table of Contents
Table of Contents 01 Company Overview 02 Operation Results 03 Product Applications 04 New Products and Ecosystems 05 Concluding Remarks 3
Slide 4: Company Overview
Company Overview http://www.andestech.com
Slide 5: Andes Highlights
Andes Highlights • Founded in March 2005 in Hsinchu Science Park, Taiwan, ROC. • Well-established high technology IPO company • Over 400 people; 80% are engineers. • TSMC OIP Award “Partner of the Year” for New IP (2015) • Founding Premier membership in the RISC-V International Association (RISC-V F
Slide 6: Business Status Overview
Business Status Overview ❖ 300+ commercial licensees ◼ Geographically distributed in Taiwan, China, Korea, Japan, Europe, and USA Andes- ◼ 600+ license agreements signed Embedded SoC ❖ AndeSight™ IDE: ◼ 25,000+ installations IP / EDA Design Service / Foundries ❖ Eco-system: ◼ 500+ partners Developme
Slide 7: Operation Results
Operation Results http://www.andestech.com
Slide 8: 1Q23 Revenue Analysis
1Q23 Revenue Analysis QoQ YoY -27.3 % +6.7 % (NT$ thousands) 8
Slide 9: 1Q23 Top 10 Customers Analysis by Revenue
1Q23 Top 10 Customers Analysis by Revenue (NT$ thousands) 9
Slide 10: 1Q23 Royalty Analysis
1Q23 Royalty Analysis QoQ YoY -2.9 % -17.9 % (NT$ thousands) 10
Slide 11: 1Q23 Top 10 Royalty Contributors Analysis by Application
1Q23 Top 10 Royalty Contributors Analysis by Application (NT$ thousands) 11
Slide 12: 1Q23 Revenue Analysis by Payment Model
1Q23 Revenue Analysis by Payment Model 12
Slide 13: 1Q23 Revenue Analysis by Region
1Q23 Revenue Analysis by Region 13
Slide 14: 1Q23 Revenue Analysis by Product
1Q23 Revenue Analysis by Product 14
Slide 15: 1Q23 Revenue Analysis - RISC-V
1Q23 Revenue Analysis - RISC-V (NT$ thousands) 15
Slide 16: Historical Revenue Analysis
Historical Revenue Analysis (NT$) (NT$) (單位:新台幣千元) License Royalty RISC-V 2022: 6% 16
Slide 17: 1Q23 Consolidated Gross Margin
1Q23 Consolidated Gross Margin (NT$ thousands) 17
Slide 18: 1Q23 Consolidated Operating Expenses
1Q23 Consolidated Operating Expenses QoQ YoY -18.9 % +33.2 % (NT$ thousands) 18
Slide 19: 1Q23 Consolidated Operating Income
1Q23 Consolidated Operating Income QoQ YoY -64.8 % -1,485 % (NT$ thousands) 19
Slide 20: 1Q23 Consolidated Operating Margin
1Q23 Consolidated Operating Margin YoY -24.33 PT (%) 20
Slide 21: 1Q23 Consolidated Net Income
1Q23 Consolidated Net Income QoQ YoY -59 % +349.8% (NT$ thousands) 21
Slide 22: 1Q23 Consolidated Net Profit Margin
1Q23 Consolidated Net Profit Margin YoY -83.18 PT (%) 22
Slide 23: 1Q23 Consolidated EPS
1Q23 Consolidated EPS QoQ YoY +1.54 $ -3.54 $ (NT$) 23
Slide 24: Product Applications
Product Applications http://www.andestech.com
Slide 25: V5 Adoption Examples: From MCU to Datacenters
V5 Adoption Examples: From MCU to Datacenters ❖Edge to Cloud ADAS Datacenter/server AI accelerators AIoT SSD: enterprise (& consumer) Blockchain 5G macro/small cells FPGA MCU Multimedia Security Wireless (BT/WiFi) ❖40nm to 3nm 5G Macro ❖Many in AI 25
Slide 26: Andes RISC-V Cores Adopted in SoC
Andes RISC-V Cores Adopted in SoC o single core ooooo oooooooooooooooooooo…oooooooooooooooooooo 2-8 cores ooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooo
Slide 27: New Products and Ecosystems
New Products and Ecosystems http://www.andestech.com
Slide 28: Andes RISC-V Product Roadmap
Andes RISC-V Product Roadmap RV32/RV64 Vector Ext. Superscalar Out of Order A25MP 27-Series: 45-Series: 60-Series: Cache-Coherent 1-4 Cores AX25MP Vector Ext. Dual Issue > 2.5 GHz MemBoost Vector Ext. > 2x per-GHz MemBoost performance of NX27V Linux with A25 A27/AX27 N45/NX45/D45 45-Series FPU/DSP A
Slide 29: AX45 Can Do More (vs. 64bit A-series)
AX45 Can Do More (vs. 64bit A-series) ◼ A53 ◼ AX45 ⚫ 8-stage In-Order Dual Issue ⚫ 8-stage In-Order Dual Issue ⚫ Widely adopted by industries ⚫ Performance is better! in many applications • Coremark/MHz: 1.35x • Dhrystone/MHz: 1.42x 29
Slide 30: Target Applications for 25, 45, 60-Series
Target Applications for 25, 45, 60-Series ◼ AI/Deep Learning ◼ Video Surveillance ◼ AR/VR ◼ 5G ◼ ADAS ◼ Networking ◼ V2X (Vehicle to Everything) ◼ IVI (In-Vehicle-Infotainment) ◼ Storage Metaverse, HPC and more… 30
Slide 31: The Andes AX60 Processor Series
The Andes AX60 Processor Series ◼ A new generation of AndesCoreTM ⚫ Advanced Performance 13-stage Out-of-Order Superscalar Multicore ⚫ Latest RISC-V Architecture ⚫ Supported by Andes Long-term Roadmap – AX65 as the first member of the AX60 series – More products based on the AX60 micro-architecture
Slide 32: AndesCore AX65: 1st Member of AX60-Series
AndesCore AX65: 1st Member of AX60-Series ◼ 64-bit, RV64GCBK B1 F1 F2 D1 D2 D3 I1 I2 E1 E2 E3 E4 ◼ 8-core Multiprocessor ALU WB x3 issue, ◼ 13-stage OoO Pipeline batch, fetch, decode, rename, register +br & misc WB x1 align & buffer dispatch memory WB x2 ◼ 128-entry Reorder Buffer (ROB) read floatin
Slide 33: Andes is Driving Innovations in Automotive
Andes is Driving Innovations in Automotive with Industry’s 1st RISC-V ISO 26262 Fully Compliant Core, N25F-SE In-Cabin Radar CMOS Sensor Radar Host Subsystem Controller N25F-SE N25F-SE Radio Memory Peripheral Auto TDDI Auto MCU Auto Storage Subject to change without notice Copyright© 2021-2023 Andes
Slide 34: Taking RISC-V Mainstream
Subject to change without notice Copyright© 2021-2023 Andes Technology Taking RISC-V® Mainstream 34
Slide 35: Taking RISC-V Mainstream
Subject to change without notice Copyright© 2021-2023 Andes Technology Taking RISC-V® Mainstream 35
Slide 36: Taking RISC-V Mainstream
Subject to change without notice Copyright© 2021-2023 Andes Technology Taking RISC-V® Mainstream 36
Slide 37: Thank You
Thank You http://www.andestech.com +886-3-5726533 37
Slide 38: N25F-SE Industry First ISO 26262 Full Compliance RISC-V Processor
N25F-SE Industry First ISO 26262 Full Compliance RISC-V Processor ◼ ISO 26262 Certification for Development Process: ASIL-D ⚫ In Dec. 2020, Andes certified by SGS-TÜ V Saar GmbH ◼ ISO-9001 QMS achieved and maintained since 2010 ◼ ISO 26262 Edition 2018 ASIL B Compliant Certification for N25F-SE ⚫ IS
Slide 39: Taking RISC-V Mainstream
Subject to change without notice Copyright© 2021-2023 Andes Technology Taking RISC-V® Mainstream 39