23 slides from Orient Semiconductor Electronics's earnings presentation, Nov 25, 2022
Slide 1: Orient Semiconductor Electronics, Ltd.
華泰電子股份有限公司 Orient Semiconductor Electronics ,Ltd. （股票代號：2329）
Slide 2: Summary
Summary Part 1 Company Profile Part 2 Manufacture Service & Product Part 3 2022 Q3 Financial Performance Part 4 Competitive Advantage Part 5 Q&A 2/23
Slide 3: Company Profile
Company Profile aE fa 2 EMA INTEGRITY INNOVATION
Slide 4: Company History
Company History 2021 50th Anniversary Celebration 2015 & 2020 Strategic Partnership Announcement 2014 1st 16D microSD in the world 2005 Transformation & Investment in Memory Market 2000 HQ Building Officially Opened 1994 IPO in Taiwan Stock Exchange Market 1971 Established 資本額 Capital : US$ 232M Com
Slide 5: Factory
Factory 6 Production buildings in NTIP Employee : around 5,000 Headquarters (IC+EMS) Facility 2 (750,000 sq. ft.) (59,223 sq. ft.) LIC Facility 3 (256,200 sq. ft.) (158,638 sq. ft.) Facility 1 Facility 5 (146,475 sq ft.) (190,000 sq. ft.) 5/23
Slide 6: Organization
Organization Chairman Tony Tung President C. J. Tu Testing Group Semiconductor Group EMS Group Liank Wu C. J. Tu T. M. Liu • Memory IC Testing Service • Memory IC Packaging Service • China Value Plus • Logic IC Testing Service • Logic IC Packaging Service • Taiwan OSE 6/23
Slide 7: Manufacture Service & Product
Manufacture Service & Product 7/23
Slide 8: Total Solution: IC Packaging & Testing Service
Total Solution IC Packaging & Testing Service Drop Shipment Dry Pack Tape & Reel Final Test Assembly Wafer Grinding Wafer Probing 8/23
Slide 9: Total Solution: Electronics Manufacturing Service
Total Solution Electronics Manufacturing Service Inspection Instrument Electric Car Charger Solar Charge Controller Display Card Barcode Scanner Braille Computer Portable Reading Assistant Device Machine Controller 9/23
Slide 10: Total Solution - Product Application
Total Solution - Product Application 10/23
Slide 11: 2022 Q3 Financial Performance
2022 Q3 Financial Performance 11/23
Slide 12: Consolidated Statements of Comprehensive Income (QoQ)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (QoQ) (Thousands of NTD) Q3/2022 % Q2/2022 % Variance Net revenue 3,808,937 100.00% 4,288,219 100.00% (11.18%) Gross profit 611,548 16.06% 752,628 17.55% (18.74%) Operating income 352,296 9.25% 449,047 10.47% (21.55%) Income before tax 512,819 13.46% 5
Slide 13: Consolidated Statements of Comprehensive Income (YoY)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (YoY) (Thousands of NTD) Q3/2022 % Q3/2021 % Variance Net revenue 3,808,937 100.00% 3,949,810 100.00% (3.57%) Gross profit 611,548 16.06% 687,425 17.40% (11.04%) Operating income (loss) 352,296 9.25% 409,168 10.36% (13.90%) Income (loss) before tax 512
Slide 14: Consolidated Statements of Comprehensive Income (Accumulated, YoY)
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Accumulated ,YoY) (Thousands of NTD) Q1~Q3/2022 % Q1~Q3/2021 % Variance Net revenue 11,936,056 100.00% 11,887,077 100.00% 0.41% Gross profit 2,015,860 16.89% 2,033,566 17.11% (0.87%) Operating income (loss) 1,167,827 9.78% 1,228,897 10.34% (4.97%) Inc
Slide 15: IC Packaging and Testing Services
IC Packaging and Testing Services (Thousands of NTD) 3,500,000 100% 3,058,491 2,818,969 2,822,748 2,922,271 90% 3,000,000 2,655,453 80% 2,586,920 2,500,000 2,314,593 70% 74% 70% 71% 70% 68% 60% 2,000,000 67% 50% 61% 1,500,000 40% 1,000,000 30% 20% 500,000 10% - 0% Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/
Slide 16: Electronics Manufacturing Services
Electronics Manufacturing Services (Thousands of NTD) 2,500,000 100% 90% 2,000,000 80% 70% 1,494,344 1,500,000 1,365,948 60% 1,133,443 1,238,313 1,251,980 1,089,880 1,130,841 50% 1,000,000 40% 39% 30% 30% 33% 32% 500,000 30% 26% 29% 20% 10% - 0% Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Q2/2022 Q3/202
Slide 17: Semiconductor Group
Semiconductor Group -Percentage of revenue by product application 100% 4% 6% 8% 8% 8% 8% 10% 24% 25% 20% 22% 80% 24% 18% 30% 60% 40% 71% 70% 68% 72% 70% 72% 62% 20% 0% Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 Q2/2022 Q3/2022 Memory Related Logic IC IC Testing 17/23
Slide 18: Key Balance Sheet Items & Index
Key Balance Sheet Items & Index (Thousands of NTD) Q3/2022 Q2/2022 Variance Cash and cash equivalents 3,489,963 3,466,255 0.68% Financial assets measured at amortized cost - - - Financial assets-Noncurrent 812,032 545,462 48.87% & Investments-equity method Property, plant, and equipment 5,298,908 5,
Slide 19: Key Balance Sheet Items & Index
Key Balance Sheet Items & Index (Thousands of NTD) Q3/2022 Q3/2021 Variance Cash and cash equivalents 3,489,963 2,354,877 48.20% Financial assets measured at amortized cost - 38,675 (100.00%) Financial assets-Noncurrent 812,032 724,604 12.07% & Investments-equity method Property, plant, and equipmen
Slide 20: Competitive Advantage
Competitive Advantage 20/23
Slide 21: Focus on Memory Market for nearly 20 years - Advanced Process Capability
Focus on Memory Market for nearly 20 years - Advanced Process Capability - 25um wafer thickness - 16 Layers Die Stacking for microSD/BGA/SD - 1ST 1TB microSD announced to market - Highly Systematized - MES Automation System - One-Stop Service - High Degree of Flexibility on capacity allocation 21/23
Slide 22: aE fe
BA aE fe INTEGRI
Slide 23: Disclaimer
Disclaimer The presentation and the relevant information mentioned in this material have been compiled from both internal and external resources. These forward looking statements involve known and unknown risks, uncertainties and other factors, including price variation, competition, global economy,