Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q3 2024 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Oct 9, 2024
Slide 1: Q3 2024 Investor Conference
Nanya Technology Q3 2024 Investor Conference Dr. Pei-Ing Lee, President & Spokesman October 9, 2024 October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 1
Slide 2: Safe Harbor
Safe Harbor The information herein and the presentation made during the conference contain forward-looking statements. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements or undertakes duty to update the state
Slide 3: Contents
1. Q3’24 Revenue & Results 2. CAPEX & Bit Shipment Contents 3. Market Outlook 4. Business Review & Outlook October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q3'24 Revenue & Results
01. Q3’24 Revenue & Results October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q3'24 Financial Results Summary
Q3’24 Financial Results Summary Q3’24 Amount in Million NT$, except for EPS & BVPS Q2’24 QoQ Q3’23 YoY (Unaudited) Net Sales 8,133 100% 9,921 100% -18.0% 7,736 100.0% 5.1% Gross Profit (Loss) Gross Margin(%) *264 3.2% 287 2.9% -8.1% -1,953 -25.2% - Operating Income (Loss) Operating Margin(%) -2,505
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q3’24 vs. Q2’24 Q3’24 vs. Q3’23 Revenue -18.0% +5.1% Shipment Decreased low-twenties% Decreased low-twenties% ASP Increased mid-single digit% Increased low-thirties% Exchange Rate Relatively flat Increased low-single digit% October 9, 2024︱© 2024 Nanya Technology Co
Slide 7: Q3'24 vs. Q2'24 Results Comparison
Q3’24 vs. Q2’24 Results Comparison Q3’24 QoQ Amount in Million NT$ Q2’24 Remarks (Unaudited) (PPT* Delta) ◼ ASP increased mid-single digit% Net Sales 8,133 9,921 -18.0% ◼ Bit shipment decreased low-twenties% ◼ FX relatively flat Gross Profit (Loss) ◼ Gross profit decreased NT$ 23M 264 3.2% 287 2.9%
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) (Million NT$) (Million NT$) Total: 7,576 Total: 2,401 2,214 Q4 648 Q4 2,138* 1,787 Q3 600 Q3 631* 1,998 608 1,795 Q2 602 Q2 551 Q1 583 1,780 Q1 2,059 2023 2024 2023 2024 October 9, 2024︱© 2024 Nanya Technology Corporation. All R
Slide 9: Cash Flows
Cash Flows 2024 Q1~Q3 Cash Flow Q3’24 Unit: Million NT$ Unit: Million NT$ Q2’24 (Unaudited) 12,943 Beginning Balance 65,491 62,356 2,083 -12,771 Cash from Operating Cash from Activities -126 -191 Operating Activities Capital Expenditures -7,333 -2,587 Capital Financial 61,067 Expenditures Activities
Slide 10: CAPEX & Bit Shipment
02. CAPEX & Bit Shipment October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 10
Slide 11: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion 20.7 ~ 20.0 Down Down ~ 10% 13.2 ~ Flat twenties% mid-single% 11.3 12.8 Q1~Q3 2021 2022 2023 2024E 2021 2022 2023 2024E CAPEX Bit Shipment (YoY) Capital ⚫ Q3’24 CAPEX was NT$ 7.3B; Q1~Q3 CAPEX was NT$ 12.8B Expenditure (CAPEX) ⚫ 2024 CAPEX up to NT$20B (adjusted down
Slide 12: Market Outlook
03. Market Outlook October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 12
Slide 13: DRAM Market Outlook (Q4'24)
DRAM Market Outlook (Q4’24) ⚫ Demand for AI applications remains robust Outlook ⚫ Demands for general PCs, mobile and consumer products slower than expected ⚫ Regional economic downturns and conflicts impacted DRAM demand ⚫ Major suppliers continue to allocate capacity for HBM, DDR5 and advanced nod
Slide 14: Business Review & Outlook
04. Business Review & Outlook October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: Nanya Business Review & Outlook
Nanya Business Review & Outlook ◼ Nanya Q3’24 net loss NT$ 1,487 million (including power outage loss NT$475 million), EPS NT$ -0.48 ◼ Volume production of 2nd 10nm-class (1B) 8Gb DDR4 and 16Gb DDR5 as scheduled; targeting wafer input exceed 15% of total capacity by the end of Q4 ◼ Plans to introduc
Slide 16: October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved.
October 9, 2024︱© 2024 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Q3'24 Consolidated Income Statement
Q3’24 Consolidated Income Statement Q3’24 Q2’24 QoQ Q3’23 YoY Amount: Million NT$ (Unaudited) Net Sales 8,133 100.0% 9,921 100.0% -18.0% 7,736 100.0% 5.1% Cost of Goods Sold 7,869 96.8% 9,634 97.1% 9,689 125.2% Gross Profit (Loss) *264 3.2% 287 2.9% -8.1% -1,953 -25.2% - SG&A Expenses 631 7.8% 608 6