Slide 1: AP Memory Technology Corp. 2020 First Half Investor Conference
AP Memory Technology Corp. 2020 First Half Investor Conference Aug. 10, 2020
Slide 2: Disclaimer
DISCLAIMER The forward-looking statements contained in the presentation are subject to risks and uncertainties and actual results may differ materially from those expressed or implied in these forward-looking statements. AP Memory makes no representation or warranty as to the accuracy or completenes
Slide 3: Outlines
OUTLINES 1H20 Financial Results Business Outlook 3
Slide 4: 1H20 Financial Results
1H20 Financial Results EE apmemory
Slide 5: 1H20 Consolidated I/S
1H20 Consolidated I/S (in NT$K) 1H20 1H19 YoY Net Revenue 2,035,224 1,476,798 38% Cost of Revenue 1,587,288 1,264,381 26% Gross Profit 447,936 212,417 111% Gross Profit Margin (%) 22% 14% Operating Expenses 338,851 331,821 2% Operating Expense Ratio 17% 22% Income from Operations 109,085 (119,404) O
Slide 6: 2Q20 Consolidated I/S
2Q20 Consolidated I/S (in NT$K) 2Q20 1Q20 QoQ 2Q19 YoY Net Revenue 1,099,070 936,154 17% 809,180 36% Cost of Revenue 835,031 752,257 11% 642,512 30% Gross Profit 264,039 183,897 44% 166,668 58% Gross Profit Margin (%) 24% 20% 21% Operating Expenses 185,017 153,834 20% 161,370 15% Operating Expense R
Slide 7: Revenue by Product Lines
Revenue by Product Lines SDRAM IoT RAM IP licensing & Design Service 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 7
Slide 8: IoT RAM Revenue by Application
IoT RAM Revenue by Application 2G Feature phone LTE communication Wearable IoT Others 3Q19 4Q19 1Q20 2Q20 8
Slide 9: 1H20 Consolidated B/S
1H20 Consolidated B/S 2020.06.30 2019.12.31 2019.06.30 in NT$K AMT % AMT % AMT % Cash and Cash Equivalents 880,124 26 584,264 18 551,765 17 Accounts/Notes Receivable 702,696 21 588,346 19 345,924 11 Inventories 954,165 28 1,130,802 36 1,467,350 45 Other Current Assets 108,145 3 124,703 4 159,901 5 L
Slide 10: Inventory Status
Inventory Status in NT$0.1bn 20 18 17.4 16 14.7 13.7 14 12 11.3 10 9.6 9.5 8 6 4 2 0 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 10
Slide 11: 1H20 Cash Flows
1H20 Cash Flows (in NT$K) 1H20 2H19 1H19 Net Cash Generated by (Used in) Operating Activities 263,262 203,006 179,669 Net Cash Generated by (Used in) Investing Activities (6,925) (78,019) (9,699) Net Cash Generated by (Used in) Financing Activities 40,567 (87,126) (172,742) Effect of Exchange Rate C
Slide 12: 2Q20 Financial Ratios
2Q20 Financial Ratios 2Q20 1Q20 4Q19 Current Ratio 318% 349% 301% Quick Ratio 202% 214% 157% Average A/R collection days 57 61 72 Days sales of inventory 122 151 220 Net income % 7% 4% -11% ROA 10% 5% -11% ROE 13% 6% -16% 12
Slide 13: Business Outlook
Business Outlook EE apmemory 13
Slide 14: Operating Results Improving
Operating Results Improving NT$M 14
Slide 15: IoT RAM Market Opportunity
IoT RAM Market Opportunity Potential to replace IoT RAM Market Opportunity all DRAM below 512Mb Today Others IoT + Wearable Feature phone 2010-2015 2015-2020 2020-2025 2025-2030 Time Period
Slide 16: AI Memory
AI Memory [from 9/13/2018 Investor Meeting] 2.5D BandWidth 3D Bottleneck Soc die SOC HBM SOC AIM ~2,000 connections Millions of connections 16
Slide 17: 3D AI Memory Potential Applications
3D AI Memory Potential Applications 100 Bandwidth (# of HBM) Multi-Tb Network 10 AI 1 Graphics 17
Slide 18: Long-term Revenue Trend
Long-term Revenue Trend Margin AI/IP Rapid Growth Improvement IoT RAM Growth 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 Standard DRAM Reduction 18
Slide 19: Q&A
Ｑ＆Ａ 發言人信箱：ir@apmemory.com 發言人專線：(03)5601651 19