Ase Technology Holding Co., Ltd. · TWSE:3711
Ase Technology — Q1 2025 Earnings Presentation
14 slides from Ase Technology's earnings presentation, Apr 30, 2025
Slide 1: First Quarter 2025 Earnings Release
First Quarter 2025 Earnings Release ASE Technology Holding 30 April, 2025
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are made under the “safe harbor” pr
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income Quarterly Comparison (Unaudited) 1 (NT$ million) Q1 / 2025 % Q4 / 2024 % Q1 / 2024 % QoQ YoY Net Revenues: ATM 85,606 57.8% 87,208 53.7% 72,862 54.9% -2% 17% EMS 61,860 41.7% 74,243 45.8% 59,326 44.7% -17% 4% Others 687 0.5% 813 0.5% 615 0.4% -15% 12% Total Net Reve
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 180,000 30% 150,000 120,000 74,871 74,243 20% 62,853 61,860 59,326 15.7% 16.4% 16.5% 16.4% 16.8% 90,000 60,000 10% 5.6% 6.4% 7.2% 6.9% 6.5% 84,545 87,208 85,606 72,862 76,676 30,000 0 0% 1 1 1 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 ATM Revenue EMS Revenue Other
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q1 / 2025 % Q4 / 2024 % Q1 / 2024 % QoQ YoY Net Revenues: Packaging 69,360 80.0% 71,342 80.7% 60,388 81.7% -3% 15% Testing 16,004 18.5% 15,713 17.8% 12,102 16.4% 2% 32% Direct Material 1,219 1.4% 1,233 1.4% 1,338 1.8% -1% -9% Ot
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 100,000 40% 85,790 88,363 86,668 77,813 80,000 73,908 20,609 19,795 19,611 30% 17,201 15,557 60,000 23.1% 23.3% 22.6% 20% 22.1% 21.0% 40,000 10% 20,000 0 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 30% 32% 32% 30% 30% 80% 60% 18% 18% 17% 22% 19% 40% 52% 49% 50% 53% 48% 20% 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 2% 2% 2% 1% 2% 16% 16% 16% 18% 18% Material 80% 7% 8% 9% 7% 6% Testing 60% 31% 29% 27% 28% 30% Others 40% Wirebonding 45% 47% 46% Bump/FC/WLP 20% 43% 44% /SiP 0% Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 8
Slide 9: EMS Operations
EMS Operations Quarterly Comparison & Revenues by Application (unaudited) 1 (NT$ million) Q1 / 2025 % Q4 / 2024 % Q1 / 2024 % QoQ YoY EMS Net Revenues 62,295 100.0% 74,895 100.0% 59,365 100.0% -17% 5% Gross Profit 5,528 8.9% 6,182 8.3% 5,452 9.2% -11% 1% Operating Income (Loss) 1,608 2.6% 1,986 2.7%
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Mar. 31, 2025 Dec. 31, 2024 Cash and cash equivalent $77,100 $76,493 Financial assets - current 16,435 9,376 Financial assets - non current & investments - equity method 41,428 41,810 Property, plant & equipment 342,056 312,531 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,000 888 895 892 843 811 800 765 640 603 600 406 400 228 200 0 1 1 1 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Capex EBITDA 1: We completed the purchase price allocation calculation in relation to Hirschmann acquisition as of September 30, 2024,
Slide 12: Second Quarter 2025 Outlook
Second Quarter 2025 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the second quarter of 2025 to be as follows: In NT dollar terms, our ATM 2nd quarter 2025 revenues should grow by 9 to 11 percent quarter over quarter; Our
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/20242,3&4 Q2/20242,3&4 Q3/20242,3&4 Q4/20243&4 FY/20242,3&4 Q1/ 20253&4 Revenues 132,802,855 140,238,063 160,105,107 162,263,560 595,409,585 148,153,262 COGS 111,981,689 117,183,829 133,679,394 135,632,929 498,4
ASE Technology Holding — Q1 2025 Earnings Presentation on 6ix