Slide 1: FY2024 1Q Financial Briefing
FY2024 1Q (Three months ended June 30th, 2024) Financial Briefing July 31st, 2024 Advantest Corporation All Rights Reserved - ADVANTEST CORPORATION
Slide 2: NOTE
NOTE Accounting Standards – Our results and outlook, described in this presentation, have been prepared in accordance with IFRS. Cautionary Statement with Respect to Forward-Looking Statements – This presentation and any information provided orally by Advantest representatives contains “forward-look
Slide 3: Summary
Summary • Rising complexity in SoC semiconductors for generative AI are driving tester demand more than expected in light of quality assurance requirement. • FY24 1Q sales, operating income, and net income increased QoQ and YoY, as product deliveries to customers progressed and sales mix also improv
Slide 4: Financial Results for FY2024 1Q
Financial Results for FY2024 1Q Yasuo Mihashi Senior Executive Officer, CFO & CSO (Chief Strategy Officer) Executive Vice President, Corporate Strategy Group All Rights Reserved - ADVANTEST CORPORATION
Slide 5: FY24 1Q Summary of Results
FY24 1Q Summary of Results （¥B） FY23 FY24 QoQ YoY 1Q 2Q 3Q 4Q 1Q Change (%) Change (%) Sales 101.3 116.2 133.2 135.8 138.7 +3.0 +2.2% +37.5 +37.0% Gross Profit 51.0 58.0 67.4 69.6 76.9 +7.3 +10.4% +26.0 +50.9% Gross Margin % 50.3% 49.9% 50.6% 51.3% 55.4% +4.1pts +5.1pts Operating Income 14.3 21.0 26
Slide 6: Quarterly Sales by Segment
Quarterly Sales by Segment Semiconductor & Component Test Systems Breakdown 147.4 138.9 138.7 110.8 135.9 138.0 135.8 96.1 98.8 98.6 101.1 133.2 88.3 91.5 23.9 81.2 （¥B） 17.3 19.0 18.6 70.5 32.0 116.2 18.7 25.0 32.8 9.4 101.3 78.8 79.8 80.0 86.9 61.1 62.5 63.3 58.7 69.1 98.8 98.6 110.8 88.3 91.5 96.
Slide 7: Quarterly Sales by Region (Ship to Region)
Quarterly Sales by Region (Ship to Region) 147.4 135.9 138.9 138.0 6.5 135.8 138.7 133.2 3.6 4.2 6.2 5.3 （¥B） 21.5 3.7 6.1 28.6 116.2 Japan 28.6 31.1 26.2 33.4 5.7 30.2 101.3 S. Korea 35.2 4.2 26.1 Taiwan 10.4 40.8 27.7 22.1 42.2 China 49.5 41.5 25.1 19.0 Americas 45.5 Europe 45.4 50.4 34.7 39.0 23.
Slide 8: Sales / Gross Profit / Operating Income
Sales / Gross Profit / Operating Income 147.4 135.9 138.9 138.0 135.8 138.7 133.2 58.1% 59.1% 50.3% （¥B） 57.5% 116.2 55.4% 53.4% 49.9% 50.6% 51.3% 101.3 78.9 79.9 81.6 78.7 76.9 67.4 69.6 32.9% 31.1% 29.9% 58.0 22.6% 26.2% 51.0 20.1% 18.1% 44.8 43.1 41.2 14.4% 38.6 14.1% 31.3 26.8 21.0 19.5 14.3 FY2
Slide 9: Investments / Cash Flow
Investments / Cash Flow ＜Investments＞ ＜Cash Flow＞ R&D Expenses Cash flows from operating activities Capital Expenditure Cash flows from investing activities Depreciation & Amortization Free cash flows 17.4 17.3 42.4 16.5 16.7 （ ¥B ） 15.8 16.2 （ ¥B ） 35.5 14.8 14.9 33.7 27.7 13.3 23.7 29.5 17.0 19.3
Slide 10: Financial Position
Financial Position ＜ Assets ＞ ＜ Liabilities & Equity ＞ 723.2 723.2 671.2 671.2 Trade & Other 115.4 Cash & Cash 85.2 Payables Equivalents 607.7 607.7 76.9 106.7 64.2 Other Current Liabilities （¥B） 78.9 Trade & Other （¥B） 71.9 49.3 98.7 Receivables 88.9 Short-term 34.5 76.1 Long-term borrowings 66.0 b
Slide 11: FY2024 Outlook
FY2024 Outlook Douglas Lefever Representative Director, Senior Executive Officer, Group CEO All Rights Reserved - ADVANTEST CORPORATION
Slide 12: Business Environment / Semiconductor Tester Market Trends: July 2024 Outlook
Business Environment / Semiconductor Tester Market Trends: July 2024 Outlook ＜ Business Environment ＞ – The global economy trended firmly, despite the ongoing monetary tightening policies against a backdrop of persistent inflation. – The semiconductor market presented a mixed picture of recovery wit
Slide 13: FY24 Forecast
FY24 Forecast （¥B） FY24 Change vs. Prior Full- FY23 Year Forecast vs. FY23 FY24 1H 2H Full-year Results 1Q 2Q Forecast Forecast Forecast Change Forecast Change (%) as of April Results Forecast Sales*1 486.5 138.7 153.3 292.0 308.0 600.0 +113.5 +23.3% 525.0 +75.0 Operating Income 81.6 31.3 35.7 67.0
Slide 14: FY24 Outlook by Segment
FY24 Outlook by Segment Semiconductor & Component vs FY23 Semiconductor & Component Test Systems Test Systems Sales Trends (¥B) 435.0 +31% Memory Testers 404.3 ＜ SoC Testers ＞(+¥47.0B vs April forecast) SoC Testers vs FY23 − Demand increase is likely to exceed the original expectation +67% 78.8 331.
Slide 15: FY24 Outlook by Segment
FY24 Outlook by Segment Mechatronics Sales Trends (¥B) Mechatronics Systems (+¥8.0B vs April forecast) – Sales forecast of device interface products is revised vs FY23 upward in tandem with the increase in sales forecast 59.9 63.0 +20% for testers. 52.7 42.3 FY21 FY22 FY23 FY24 (Forecast) Services,
Slide 16: All Rights Reserved - ADVANTEST CORPORATION
16 All Rights Reserved - ADVANTEST CORPORATION