Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — H2 2017 Earnings Presentation
18 slides from Nuvoton Technology's earnings presentation, Feb 2, 2018
Slide 1: Nuvoton Technology Corporation 2H'17 Investor Conference
Nuvoton Technology Corporation 2H’17 Investor Conference February 2, 2018
Slide 2: Safe Harbor Notice
Safe Harbor Notice • We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 3: Agenda
Agenda • Nuvoton Financial Results • Nuvoton 2H’17 Business Results & 2018 Business Outlook • Q&A
Slide 4: Nuvoton Financial Results
Nuvoton Financial Results • Nuvoton Consolidated Statement of Comprehensive Income • Nuvoton Consolidated Balance Sheet • Nuvoton Consolidated Statement of Cash Flows • Nuvoton Revenue and GM Trend - Consolidated
Slide 5: Consolidated Statement of Comprehensive Income (2H'17)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. 4Q’17 3Q’17 2H’17 2H’16 YoY Unit: NT$ M Amount % Amount % Amount % Amount % Amount % Net Revenue 2,296 100 2,410 100 4,706 100 4,254 100 452 11 Gross Profit 917 40 1,017 42 1,934 41 1,697 40
Slide 6: Consolidated Statement of Comprehensive Income (2017)
Nuvoton Consolidated Statement of Comprehensive Income Selected Items from Statement of Comprehensive Income. Y2017 Y2016 YoY Unit: NT$ M Amount % Amount % Amount % Net Revenue 9,235 100 8,329 100 906 11 Gross Profit 3,733 40 3,408 41 325 10 Operating Income 714 7 605 8 109 18 Net Non-Operating Inco
Slide 7: Consolidated Balance Sheet
Nuvoton Consolidated Balance Sheet Selected Items from Balance Sheet. Dec 31 ‘17 Jun 30 ‘17 HoH Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 1,417 23 1,551 25 (134) (9) Accounts Receivable 794 13 967 16 (173) (18) Other Receivable 376 6 248 4 128 52 Inventories 1,634 26 1,537 25 97
Slide 8: Consolidated Statement of Cash Flows
Nuvoton Consolidated Statement of Cash Flows 2H’17 1H’17 HoH Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities 496 (117) 613 Cash Flows from Investing Activities (124) (209) 85 Cash Flows from Financing Activities (498) 0 (498) Cash & Cash Equivalents 1,417 1,551 (134)
Slide 9: Revenue and GM Trend - Consolidated
Nuvoton Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin Rate 3,000 50% 44% 44% 42% 43% 42% 42% 42% 41% 41% 41% 42% 41% 41% 41% 40% 40% 40% 40% 40% 2,500 2,406 2,410 38% 2,296 40% 2,223 2,150 2,105 2,123 1,987 2,000 1,901 1,894 1,924 1,852 1,792 1,770 1,744 30% 1,639 1,6
Slide 10: 2H'17 Business Results & 2018 Business Outlook
Nuvoton 2H’17 Business Results & 2018 Business Outlook • 2H’17 Revenue by Products • 2H’17 Revenue by Applications • Nuvoton 2H’17 Business Results • Nuvoton 2018 Business Outlook
Slide 11: 2H'17 Revenue by Products
2H’17 Revenue by Products Non-MCU 27% 27% HoH % MCU 0% Non-MCU 0% 73% 73% MCU Non-MCU 27% 28% YoY % MCU 1% Non-MCU -1% 72% 73% MCU Note: Foundry revenue was not included in the numbers .
Slide 12: 2H'17 Revenue by Applications
2H’17 Revenue by Applications Car, Ind., Auto Computer 26% 24% HoH % Computer 3% 40% 43% Consumer -4% 4% 3% Communication & Others -1% Communication Car, Industry & Auto 2% & Others 32% 28% Consumer Car, Ind., Computer Auto 26% 24% YoY % 43% 45% Computer -2% 3% 3% Consumer 0% Communication Communica
Slide 13: 2H'17 Business Results (1)
Nuvoton 2H’17 Business Results (1) 2H’17 YoY : Revenue + 11%, Gross Margin + 1.2 %, EPS + 0.37 • Key reasons for Revenue YoY Increase − Growth of NuMicro Arm® Cortex® - M0 based 32-bit MCU applying on Selected and Multi-Market Applications − Growth of NuMicro Arm ® Cortex ® - M4 based 32-bit MCU and
Slide 14: 2H'17 Business Results (2)
Nuvoton 2H’17 Business Results (2) • 2H’17 Main Achievements − Shipments of NuMicro Arm® Cortex® - M0 based 32-bit MCU for Emerging and Multi- Market Applications − Shipments of NuMicro Arm® Cortex® - M4 based 32-bit MCU and MPU SoC for Industrial Control − Shipments of Ultra-Low Power Audio CODEC f
Slide 15: 2018 Business Outlook
Nuvoton 2018 Business Outlook • New Products − NuMicro Arm® Cortex®-M based MCU applying on HMI, Industry Control, and Multi-Market − High performance Arm® Cortex® M4 based Audio MCU for Game Consoles and Smart Speakers • New Foundry Service Processes − 0.5um UHV process for LED Lighting IC − 0.35um
Slide 16: Revenue Trend
Revenue Trend Net Sales NT$M EPS NT$ 10,000 4.5 9,000 4.0 8,000 3.5 7,000 3.0 6,000 2.5 5,000 2.0 4,000 1.5 3,000 1.0 2,000 7,941 7,342 7,413 6,809 6,822 7,313 8,329 9,235 1,000 0.5 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2017(f) Net sales Poly. (Net sales)
Slide 17: Revenue & EPS Trend
Revenue & EPS Trend Net Sales NT$M EPS NT$ 10,000 4.5 9,000 4.13 4.0 8,000 3.5 3.32 7,000 3.02 2.95 3.0 6,000 2.5 5,000 2.26 2.05 2.0 4,000 1.65 1.5 3,000 1.25 1.0 2,000 7,941 7,342 7,413 6,809 6,822 7,313 8,329 9,235 1,000 0.5 0.0 2010 2011 2012 2013 2014 2015 2016 2017 2017(f) Net sales EPS
Slide 18: Questions & Answers
Questions & Answers Company website Nuvoton: www.nuvoton.com