Nanya Technology Corporation · TWSE:2408

Nanya Technology — Q1 2022 Earnings Presentation

18 slides from Nanya Technology's earnings presentation, Apr 11, 2022

  1. Slide 1: Nanya Technology Q1 2022 Investor Conference

    Nanya Technology Q1 2022 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 11 April, 2022 April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved.

  2. 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

  3. Slide 3: Contents

    01 Q1’22 Revenue & Results 02 CAPEX & Bit Shipment Contents 03 Market Outlook 04 Business Review & Outlook April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 3

  4. Slide 4: Q1'22 Revenue & Results

    Q1’22 REVENUE & RESULTS 01 April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 4

  5. Slide 5: Q1'22 Financial Results Summary

    Q1’22 Financial Results Summary Q1’22 Amount in Million NT$, Q4’21 QoQ Q1’21 YoY except for EPS & BVPS (Unaudited) Net Sales 19,946 100% 21,399 100% -6.8% 17,731 100% 12.5% Gross Profit (Loss) Gross Margin(%) 8,750 43.9% 10,563 49.4% -17.2% 5,162 29.1% 69.5% Operating Income (Loss) 6,262 31.4% 8,023

  6. Slide 6: Quarterly Revenue Results

    Quarterly Revenue Results QoQ YoY Q1’22 vs. Q4’21 Q1’22 vs. Q1’21 Revenue -6.8% +12.5% Shipment -1.0% Decreased twenties% ASP Decreased mid-single digits% Increased forties% Exchange Rate +0.5% -1.3%  Q1’22 Revenue decreased by 6.8% QoQ  Q1’22 Bit shipment decreased by 1.0% QoQ  Q1’22 ASP decreas

  7. Slide 7: Q1'22 vs. Q4'21 Results Comparison

    Q1’22 vs. Q4’21 Results Comparison Q1’22 QoQ Q4’21 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta)  Bit shipment decreased 1.0% Net Sales 19,946 21,399 -6.8%  ASP decreased mid-single digits%  FX positive on revenue 0.5% Gross Profit (Loss)  Q1’22 Gross profit decreased NT$ 1,813M, 8,750

  8. Slide 8: Quarterly Financial Highlights

    Quarterly Financial Highlights Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 59% 55% Gross Margin, Operating Margin (%) Revenue, Net Income (Million NT$) 52% 53% 51% 49.2% 49.4% 47% 44% 42% 42.3% 21,399 43.9% 41% 20,000 38.1% 37.5% 19,946 40% 35% 30.6% 29.1% 31.2

  9. Slide 9: Operating Expenses

    Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number NT$ 2,358 NT$ 7,500 584 Q4 1,956 Q4 642 Q3 * 2,020 Q3 639 Q2 1,882 Q2 492 Q1 594 * 1,643 Q1 1,895 * 2021 2022 2021 2022 April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Rese

  10. Slide 10: Cash Flows

    Cash Flows Q1’22 Q4’21 Q1’21 (Unaudited) Unit: Million NT$ Beginning Balance 80,700 71,558 51,726 Cash from Operating 11,191 13,972 8,388 Activities Capital expenditures -1,165 -4,741 -1,485 Financial Activities & *1,683 -89 484 others Ending Balance 92,409 80,700 59,113 Free Cash Flow (1) 10,026 9,

  11. Slide 11: CAPEX & Bit Shipment

    02 CAPEX & BIT SHIPMENT April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 11

  12. Slide 12: CAPEX & Bit Shipment

    CAPEX & Bit Shipment NT$ Billion 28.4 Mid-thirties % Mid-thirties% 20.4 11.3 Low- 8.5 teens% 5.5 ~ Flat ~ Flat 2018 2019 2020 2021 2022 E 2018 2019 2020 2021 2022 E CAPEX Bit Shipment (YoY) Capital  Q1’22 CAPEX NT$ 1.2 billion (B) Expenditure(CAPEX)  BoD approved 2022 CAPEX plan up to NT$ 28.4B 

  13. Slide 13: Market Outlook

    03 MARKET OUTLOOK April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 13

  14. Slide 14: Market Outlook (Q2'2022)

    Market Outlook(Q2’2022)  Q2’22: Continuously strong Cloud demand, Consumer remain healthy, as Smartphone Outlook and PC softening due to seasonality and global uncertainty  2H’22: Component shortage alleviating and DDR5 supply increasing  2H’22: Russia-Ukraine Conflict, high inflations and China

  15. Slide 15: Business Review & Outlook

    BUSINESS REVIEW & OUTLOOK 04 April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 15

  16. Slide 16: Nanya Business Review & Outlook

    Nanya Business Review & Outlook Finance • Cash dividend NT$ 3.7/share approximately, proposed to AGM, May 26, 2022 • Q1’22 EPS NT$ 2.11/share Operation • 1st and 2nd 10nm-class product development on schedule • 2022 CAPEX plan up to NT$ 28.4B • Signed 250 Million kWh Renewable energy purchase agreem

  17. Slide 17: Thanks & Questions

    Thanks & Questions April 11, 2022 ︱© 2022 Nanya Technology Corporation. All Rights Reserved. 17

  18. Slide 18: Q1'22 Consolidated Income Statement

    Q1’22 Consolidated Income Statement Q1’22 Q4’21 QoQ Q1’21 YoY Amount: Million NT$ (Unaudited) Net Sales 19,946 100.0% 21,399 100.0% -6.8% 17,731 100.0% 12.5% Cost of Goods Sold 11,196 56.1% 10,836 50.6% 12,569 70.9% Gross Margin 8,750 43.9% 10,563 49.4% -17.2% 5,162 29.1% 69.5% SG&A Expenses 594 3.0

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