Asolid Technology Co Ltd · TPEX:6485
Asolid Technology — Q1 2025 Earnings Presentation
18 slides from Asolid Technology's earnings presentation, May 9, 2025
Slide 1: 2025Q1 Investor Conference
84 Fe B33 AE 1 a PRD ASolid Technology Co.,Ltd. 2025Q1 Investor Conference Andy Yen & Jimmy Chen 2025/05/09 ®ASolid Technology Co., Ltd. All rights reserved Confidential & Proprietary document Ver.02.00 € “2
Slide 2: Forward-looking statements disclaimer
This document and relevant information may contain certain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to market risks, supply chain risks, market demand, product competition, other risks and etc. Actual results may differ materially
Slide 3: About ASolid, 2025Q1 Report, Outlook
About ASolid 2025Q1 Report Outlook 3
Slide 4: About ASolid company facts
Founded: Feb. 13, 2008 Listed OTC: Nov. 17, 2015 Chairman: Kevin Liu Co-Presidents: Andy Yen & Jimmy Chen Headquarter: 8F.-1, No. 31, Huanke 1st Rd., Zhubei City, Hsinchu County, Taiwan (R.O.C.) Capital: NT$452M Market Cap: NT$2.4B Product: Controllers SD 2.0/ UHS-I 80% engineers
Slide 5: ASolid covers four NAND Flash controller categories
ASolid is one of the few that covers four NAND Flash controller categories. SD UFD SSD eMMC 5
Slide 6: ASolid Market Position
ASolid Market Position ASolid SD Controllers ASolid USB3.2 Controllers Worldwide NO.1 Market Share Worldwide NO.1 Market Share ASolid SSD Controllers ASolid eMMC Controllers MP Stably with Branded Companies MP Stably with Ela & T Companies ©ASolid Technology Co., Ltd. All rights reserved Confidentia
Slide 7: ASolid Supports Various NAND Flash
ASolid Supports Various NAND Flash 7
Slide 8: Total Shareholders' Equity
2025Q1 2024 (NTD in thousands) Amount % Amount % Cash and Cash Equivalents 561,365 26.0 368,588 17.3 Account Receivable 112,292 5.2 159,451 7.5 Inventory 359,732 16.7 489,660 23.0 Property, Plant and Equipment 936,630 43.4 929,554 43.6 Other Assets 190,196 8.7 185,513 8.6 Total Assets 2,160,215 100.
Slide 9: 2025Q1 income statement
2025Q1 2024 (NTD in thousands) Amount % Amount % Operating Revenue 396,976 100% 1,261,971 100% Operating Costs 198,453 50% 683,513 54% Gross Profit 198,523 50% 578,458 46% Operating Expenses 173,730 44% 652,154 52% Operating Income 24,793 6% (73,696) -6% Non-Operating Revenue and Expenses 1,669 0% 3
Slide 10: Revenue by region
2025Q1 Revenue 2023 Revenue NT$397 Million NT$1,685 Million Others South Others 16% Korea China 20% China South 9% 45% 35% Korea Taiwan 12% Taiwan 30% 33% Others South 11% Korea China 18% 41% Taiwan 30% 2024 Revenue NT$1,262 Million 10
Slide 11: 2008-2025Q1 Revenue & EPS
2008-2025Q1 Revenue & EPS 2,400 18 MmRevenue (Million) -e-EPS 2,100 15 1,935 1,922 1,800 < § 12 = 1,500 2 uw + 9 “ 5 w 2 1,200 ¥ + 6 £ 900 2 14 636 3 600 3 300 261 0 .. | 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Q1 @©ASolid Technology Co., Ltd. All r
Slide 12: Gross Profit & Net Income
lmGross Profit (Million NTS) mm Net Income (After Tax) (Million NTS) 25Q1 Gross Profit & Net Income —®-Gross Margin 1,400 1% 59% 1,200 1,000 46% 44 < 2 = 800 %. 36 = 2 32% 28% = 600 a z “ 25% = < =) 534 470 457 419 400 10% 367389 278 182 200 % 30 Maoe (39 nu oo - & -10 2-24 “19 3 7 . 0 a ae i T | T
Slide 13: 2008-2025 Head Count
2008-2025 Head Count 400 ve. OP 6 oe eo - fs e SF gS oe os os s os a os Ft oss * oe = 386 @ASolid Technology Co., Ltd. All rights reserved Confidential & Proprietary document Ver.02.00
Slide 14: Technology roadmap 40nm 28nm 22nm
2025 2026 2027 40nm 28nm 22nm 40nm High Controller Business USB PHY design Speed Platform License Model 40nm AIP design Platform Controller/IP Design Service 28nm SATA SSD controller 22nm Analog PHY IP IP/IO PSSD controller Design Design 1.6Gb IO design Core Technology 14
Slide 15: QLC and 4K LDPC adoption, 22nm portable SSD
As NAND flash moves from TLC to QLC, we've adopted advanced 4K LDPC engines in all new SD, USB, eMMC, and SSD controllers to ensure QLC performance and quality, driving future growth. We're developing a 22nm portable SSD controller for iPhone video recording and external HDD replacement, enhanci
Slide 16: Ability to Weather any Potential Downturn
Improved product portfolio Ability to Weather any Potential Downturn Better Than New TAM expansion into in the Past - SD/USB/eMMC/SSD Better customer All product lines enter 4K mix LDPC ECC era Providing the best support for new the generation QLC NAND Flash 2022~2024 2025 16
Slide 17: Questions?
Que stions?
Slide 18: Contact details
TEL: +886-3-573-6032 WEBSITE: www.asolid-tek.com 18