Sumco Corporation · TSE:3436

Sumco — Sumco Corp Ord — Q3 2023 Earnings Presentation

16 slides from Sumco's earnings presentation, Nov 8, 2023

  1. Slide 1: Results for Third Quarter of FY2023 (Ended September 30, 2023)

    Results for Third Quarter of FY2023 (Ended September 30, 2023) November 8, 2023 SUMCO Corporation （Code：3436） （LEI：353800SUSRUOM0V6KU92） 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 1 Notes Regarding the Forecasts This material is prepared for the purpose of continuous disclosure to general shareh

  2. Slide 2: Contents / Summary and Market Environment

    Contents ■ Summary and Market Environment ■ 3Q-2023 Consolidated Business Result 1. Summary of Consolidated Business Result 2. Analysis of Changes in Operating Income 3. Consolidated Balance Sheet and Consolidated Cash-Flow ■ 4Q-2023 Consolidated Business Forecast 1. Consolidated Business Forecast 2

  3. Slide 3: 1-1. Summary / 1-2. Shareholder Return

    1-1. Summary ■ 3Q-2023 Consolidated Business Result (Billions of Yen) 3Q-2023 3Q-2023 Change Forecast Actual Net Sales 101.0 100.2 (0.8) Operating Income 11.0 15.1 +4.1 Ordinary Income 11.0 15.4 +4.4 Net Income (Note) 7.0 9.3 +2.3 Exchange Rate (Yen/US$) 138.0 144.1 +6.1 ■ 4Q-2023 Consolidated Busin

  4. Slide 4: 2-1. Market Environment / 2-2. 200mm Wafer Trend

    2-1. Market Environment ■ 3Q-2023  Volume - As customers continued adjusting production, shipment of 300 mm wafers declined for both memory and logic - Market conditions for 200 mm and smaller wafers being weak overall, the correction phase continued and shipments declined  Pricing - Long-term con

  5. Slide 5: 2-3. 300mm Wafer Trend

    2-3. 300mm Wafer Trend （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 9 3. Improving Device Functionality and Increasing Chip Area 1-1. Increasing Logic Transistor Count and Impact on Chip Area (Functional Enhancement ） 1-2. Combining Subdivided Chips（ Increase in Silico

  6. Slide 6: 3-1-1. Increasing Logic Transistor Count and Impact on Chip Area

    3-1-1. Increasing Logic Transistor Count and Impact on Chip Area (Functional Enhancement) (Number of Transistors) （Transistor 数） Logic Chip Trend (Chip Area) （Chip 面積） (mm （mm2）2) 1T 1.E+12 2500 14nm 12nm 10nm 7nm 5nm 100B Tr Number of数 Transistor Transistors Prioritize computing 100B 1.E+11 power C

  7. Slide 7: 3-2. Image Sensor Chip stacking / 3-3. 3D DRAM stacking

    3-2. Image Sensor Chip stacking  Analog/digital conversion (ADC), logic and interconnects deployed in lower layers  Image signal processors (ISP) installed in the lower layer, made faster Photodiode Logic/ADC Photodiode Photodiode Logic/ADC Logic/ADC Logic/ISP 1 chip 2 chips 3 chips Image sensors

  8. Slide 8: 3-4. Improvement in 3D-NAND performance / 3-5. Package structure changes

    3-4. Improvement in 3D-NAND performance Greater bit density and faster transfer speed are achieved by bonding together peripheral circuitry and memory array wafers. Memory Bonding interface Logic/IO Uses 2 silicon wafers (Source: Prepared by SUMCO from publicly available information) SUMCO CORPORATI

  9. Slide 9: 4-1. Customer 300mm Wafer Inventory Trend

    4-1. Customer 300mm Wafer Inventory Trend （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 17 4-2. Customer 300mm Wafer Inventory (Logic/Memory) （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 18

  10. Slide 10: 5-1. 300mm Epi Wafer Demand, Inventory and Price Trend

    5-1. 300mm Epi Wafer Demand, Inventory and Price Trend （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 19 5-2. 300mm Polished Wafer Demand, Inventory and Price Trend （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 20

  11. Slide 11: 3Q-2023 Consolidated Business Result

    6. 300 mm Wafer Global Capacity and Demand FCST （Source： SUMCO’s estimation) 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 21 3Q-2023 Consolidated Business Result Michiharu Takii Representative Director, Vice Chairman, Chief Financial Officer 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 22

  12. Slide 12: 7-1. Summary of Consolidated Business Result

    7-1. Summary of Consolidated Business Result (Billions of Yen) 3Q-2022 3Q-2023 Actual (9 months) Change (9 months) 1Q 2Q 3Q Total QoQ Net sales 323.6 109.9 110.7 100.2 320.8 (2.8) Operating income 79.9 25.9 20.8 15.1 61.8 (18.1) Non-operating income and expenses 3.5 1.4 0.4 0.3 2.1 (1.4) Ordinary in

  13. Slide 13: 7-3. Balance Sheet and Cash-Flow (Consolidated)

    7-3. Balance Sheet and Cash-Flow(Consolidated) １．Consolidated Balance Sheet (Billions of Yen) ２． Consolidated Cash-Flow (Billions of Yen) End of End of 3Q-2023 Change Dec-2022 Sep-2023 (9 months) Cash and time deposits 259.3 182.9 (76.4) Income before income taxes 84.0 Notes and accounts receivable

  14. Slide 14: 8-1. 4Q-2023 Consolidated Business Forecast

    8-1. 4Q-2023 Consolidated Business Forecast (Billions of Yen) FY2023 Forecast FY2022 1Q 2Q 3Q 4Q Total Change Actual ACT ACT ACT FCST Net sales 441.0 109.9 110.7 100.2 101.0 421.8 (19.2) Operating income 109.6 25.9 20.8 15.1 6.5 68.3 (41.3) Non-operating income and expenses 1.7 1.4 0.4 0.3 (1.5) 0.6

  15. Slide 15: Reference Materials

    Reference Materials 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 29 ■ Quarterly Trend 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 30

  16. Slide 16: URL https://www.sumcosi.com/

    URL https://www.sumcosi.com/ 3Q-2023 Results SUMCO CORPORATION Nov. 8, 2023 31

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