Sumco Corporation · TSE:3436

Sumco — Sumco Corp Ord — Q1 2023 Earnings Presentation

15 slides from Sumco's earnings presentation, May 11, 2023

  1. Slide 1: Results for First Quarter of FY2023 (Ended March 31, 2023)

    Results for First Quarter of FY2023 (Ended March 31, 2023) May 11, 2023 SUMCO Corporation （Code：3436） （LEI：353800SUSRUOM0V6KU92） 1Q-2023 Results SUMCO CORPORATION May 11, 2023 1 Notes Regarding the Forecasts This material is prepared for the purpose of continuous disclosure to general shareholders a

  2. Slide 2: Contents; Summary and Market Environment

    Contents ■ Summary and Market Environment ■ 1Q-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 ■ 2Q-2023 Consolidated Business Forecast 1. Consolidated Business Forecast 2

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

    1-1. Summary ■ 1Q-2023 Consolidated Business Result (Billions of Yen) 1Q-2023 1Q-2023 Change Forecast Actual Net Sales 105.0 109.9 +4.9 Operating Income 23.0 25.9 +2.9 Ordinary Income 25.0 27.3 +2.3 Net Income (Note) 45.0 37.6 (7.4) Exchange Rate (Yen/US$) 131.0 133.2 +2.2 ■ 2Q-2023 Consolidated Bus

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

    2-1. Market Environment ■ 1Q-2023  Volume - 300 mm wafers for memory use in correction phase. Varied demand among customers for wafers for logic use, with only a slight correction, but customer wafer inventory increasing - 200 mm demand solid for automotive use but correction began for consumer and

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

    2-3. 300mm Wafer Trend （Source： SUMCO’s estimation) 1Q-2023 Results SUMCO CORPORATION May 11, 2023 9 １． Forecast of Global Data Traffic ２． Demand Forecast for 300mm Wafers for Data Centers ３． Demand Forecast for 300mm Wafers for Smartphone ４． Memory / Semiconductor Market Forecast 1Q-2023 Results SU

  6. Slide 6: 3-1. Forecast of Global Data Traffic; 3-2. Demand Forecast for 300mm Wafers for Data Centers

    3-1. Forecast of Global Data Traffic (ZB/Year) 15 Fixed data traffic CAGR (22-27) = 16% (Data Center, Desktop PC, IoT, etc.) Mobile data traffic CAGR (22-27) = 25% 10 (Smartphone, Mobile PC, Tablet) 5 0 2022 2023 2024 2025 2026 2027 (Source: SUMCO's creation based on Ericsson-mobility-report-novembe

  7. Slide 7: 3-3. Smartphone Wafer Demand; 3-4. Memory / Semiconductor Market Forecast

    3-3. Demand Forecast for 300mm Wafers for Smartphone Smartphone Shipment Forecast 300mm Wafer (million units) (k wafers / month) 2,000 100% 3,000 CAGR(22-27)=3% CAGR(22-27)=1% 80% 1,500 2,000 60% 1,000 Logic/CIS, etc. 40% ５G 1,000 500 NAND 20% ４G, etc. DRAM 0 0% 0 2022 2023 2024 2025 2026 2027 2022

  8. Slide 8: 4-1. Customer 300mm Wafer Inventory Trend; 4-2. Inventory (Logic/Memory)

    4-1. Customer 300mm Wafer Inventory Trend （Source： SUMCO’s estimation) 1Q-2023 Results SUMCO CORPORATION May 11, 2023 15 4-2. Customer 300mm Wafer Inventory (Logic/Memory) （Source： SUMCO’s estimation) 1Q-2023 Results SUMCO CORPORATION May 11, 2023 16

  9. Slide 9: 5-1. 300mm Epi Wafer Demand, Inventory and Price Trend; 5-2. Polished Wafer

    5-1. 300mm Epi Wafer Demand, Inventory and Price Trend ・Demand: Adjusted in ’15, increased from ’16 to 11Qtr, flat from ’18Q4, increased from ’20Q1 ・Inventory change cycle: decrease 9~11Qtr, increase 5~7Qtr ・Demand increases even as inventories increase 1Q-2023 Results SUMCO CORPORATION May 11, 2023

  10. Slide 10: 300mm Wafer Global Capacity and Demand Forecast; 1Q-2023 Consolidated Business Result

    6. 300 mm Wafer Global Capacity and Demand FCST （Source： SUMCO’s estimation) 1Q-2023 Results SUMCO CORPORATION May 11, 2023 19 1Q-2023 Consolidated Business Result Michiharu Takii Representative Director, Vice Chairman, Chief Financial Officer 1Q-2023 Results SUMCO CORPORATION May 11, 2023 20

  11. Slide 11: 7-1. Summary of Consolidated Business Result; 7-2. Analysis of Changes in Operating Income

    7-1. Summary of Consolidated Business Result (Billions of Yen) 1Q-2022 4Q-2022 1Q-2023 Change Actual Actual Actual YoY QoQ Net sales 100.4 117.4 109.9 +9.5 (7.5) Operating income 23.4 29.7 25.9 +2.5 (3.8) Non-operating income and expenses 0.3 (1.8) 1.4 +1.1 +3.2 Ordinary income 23.7 27.9 27.3 +3.6 (

  12. Slide 12: 7-3. Balance Sheet and Cash-Flow (Consolidated)

    7-3. Balance Sheet and Cash-Flow (Consolidated) 1. Consolidated Balance Sheet 2. Consolidated Cash-Flow (Billions of Yen) (Billions of Yen) End of End of 1Q-2023 Change Dec-2022 Mar-2023 (3 months) Cash and time deposits 259.3 213.8 (45.5) Income before income taxes 47.4 Notes and accounts receivabl

  13. Slide 13: 8-1. 2Q-2023 Consolidated Business Forecast; 8-2. Analysis of Changes in Operating Income

    8-1. 2Q-2023 Consolidated Business Forecast (Billions of Yen) 2Q-2022 2Q-2023 Actual 1Q ACT 2Q FCST Total Change (6 months) (3 months) (3 months) (6 months) Net sales 207.4 109.9 108.0 217.9 +10.5 Operating income 49.7 25.9 17.0 42.9 (6.8) Non-operating income and expenses 1.2 1.4 (1.0) 0.4 (0.8) Or

  14. Slide 14: Reference Materials: Quarterly Trend

    Reference Materials 1Q-2023 Results SUMCO CORPORATION May 11, 2023 27 ■ Quarterly Trend ※Unit: Billions of Yen FCST 1Q-2023 Results SUMCO CORPORATION May 11, 2023 28

  15. Slide 15: https://www.sumcosi.com/

    URL https://www.sumcosi.com/ 1Q-2023 Results SUMCO CORPORATION May 11, 2023 29

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