Slide 1: Third Quarter 2024 Earnings Release
Third Quarter 2024 Earnings Release ASE Technology Holding 31 October, 2024
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) 2 (NT$ million) Q3 / 2024 % Q2 / 2024 % Q3 / 2023 % QoQ YoY Net Revenues: ATM 84,545 52.8% 76,676 54.7% 82,590 53.6% 10% 2% EMS 74,871 46.8% 62,853 44.8% 70,948 46.0% 19% 6% Others 689 0.4% 709 0.5% 629 0.4% -3% 10% Total Net Revenue
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 180,000 30% 150,000 120,000 70,948 79,155 74,871 20% 57,731 60,384 62,853 59,326 16.5% 16.0% 16.2% 16.0% 15.7% 16.4% 90,000 14.8% 60,000 10% 6.9% 7.4% 7.4% 6.4% 7.2% 5.9% 82,590 5.7% 84,545 72,524 75,256 80,761 72,862 76,676 30,000 0 0% Q1/23 Q2/23 Q3/
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q3 / 2024 % Q2 / 2024 % Q3 / 2023 % QoQ YoY Net Revenues: Packaging 70,290 81.9% 63,838 82.1% 69,731 83.3% 10% 1% Testing 14,124 16.5% 12,623 16.2% 12,819 15.3% 12% 10% Direct Material 1,295 1.5% 1,264 1.6% 1,098 1.3% 2% 18% Oth
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 100,000 40% 83,684 85,790 82,004 76,108 77,813 80,000 73,319 73,908 18,590 19,801 30% 19,218 16,161 15,557 17,201 14,749 60,000 23.4% 23.1% 20% 21.2% 22.2% 22.1% 21.0% 40,000 20.1% 10% 20,000 0 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Revenue Gross Profit G
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 33% 33% 29% 30% 30% 32% 32% 80% 60% 19% 17% 18% 18% 17% 19% 19% 40% 50% 48% 52% 53% 52% 49% 50% 20% 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 1% 2% 1% 2% 2% 2% 2% 16% 16% 15% 16% 16% 16% 16% Material 80% 8% 7% 8% 8% 7% 8% 9% Testing 60% 34% 34% 32% 30% 30% 31% 29% Others 40% Wirebonding 45% Bump/FC/WLP 20% 41% 41% 44% 44% 43% 44% /SiP 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 8
Slide 9: EMS Operations
EMS Operations Quarterly Comparison/Revenues by Application (unaudited) 2 (NT$ million) Q3 / 2024 % Q2 / 2024 % Q3 / 2023 % QoQ YoY EMS Net Revenues 75,384 100.0% 62,907 100.0% 70,970 100.0% 20% 6% Gross Profit 6,757 9.0% 6,025 9.6% 6,470 9.1% 12% 4% Operating Income (Loss) 2,453 3.3% 1,942 3.1% 2,7
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Sept. 30, 2024 Jun. 30, 20242 Cash and cash equivalent $71,711 $66,173 Financial assets - current 6,643 9,162 Financial assets - non current & investments - equity method 42,300 30,887 Property, plant & equipment 283,447 271,835 Total asset
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,000 885 895 886 843 811 781 766 800 603 600 406 400 231 239 234 228 209 200 0 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Q3/24 Capex EBITDA* *: EBITDA stands for net income or loss before interest, taxes, depreciation, amortization, impair
Slide 12: Fourth Quarter 2024 Outlook
Fourth Quarter 2024 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the fourth quarter of 2024 to be as follows: In NT dollar terms, our ATM 4th quarter 2024 revenues should grow slightly quarter over quarter; Our ATM 4th q
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) 2, 3&4 2, 3&4 3&4 (NT$ thousand) Q1/2024 Q2/2024 Q3/2024 Revenues 132,802,855 140,238,063 160,105,107 COGS 111,981,689 117,183,829 133,673,385 PPA under COGS 954,137 958,574 928,740 Gross profit 20,821,166 23,054,234 26,431,722 G