Sumco Corporation · TSE:3436

Sumco — Sumco Corp Ord — FY2023 Earnings Presentation

15 slides from Sumco's earnings presentation, Feb 14, 2024

  1. Slide 1: Results for Fiscal Year 2023 (Ended December 31, 2023)

    Results for Fiscal Year 2023 (Ended December 31, 2023) February 14, 2024 SUMCO Corporation （Code：3436） （LEI：353800SUSRUOM0V6KU92） 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 1 Notes Regarding the Forecasts This material is prepared for the purpose of continuous disclosure to general shareholders

  2. Slide 2: Contents; Summary and Market Environment

    Contents ■ Summary and Market Environment ■ FY2023 Consolidated Business Result 1. Summary of Consolidated Business Result 2. Analysis of Changes in Operating Income 3. Consolidated Balance Sheet and Consolidated Cash-Flow ■ 1Q-2024 Consolidated Business Forecast 1. Consolidated Business Forecast 2.

  3. Slide 3: Summary; Shareholder Return

    1-1. Summary ■ 4Q-2023 Consolidated Business Result (Billions of Yen) 4Q-2023 4Q-2023 Change Forecast Actual Net Sales 101.0 105.1 +4.1 Operating Income 6.5 11.2 +4.7 Ordinary Income 5.0 8.7 +3.7 Net Income (Note) 2.5 4.9 +2.4 Exchange Rate (Yen/US$) 145.0 148.7 +3.7 ■ 1Q-2024 Consolidated Business

  4. Slide 4: Market Environment; 200mm Wafer Trend

    2-1. Market Environment ■ 4Q-2023  Volume - As customers continued adjusting production, shipment of 300 mm wafers remained slow for both memory and logic - Market conditions for 200 mm and smaller wafers being weak overall, the correction phase continued and shipments declined  Pricing - Long-ter

  5. Slide 5: 300mm Wafer Trend; Progress in AI and Wafer Demand

    2-3. 300mm Wafer Trend （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 9 3. Progress in AI and Wafer Demand 1. Semiconductors used in AI servers and silicon area 2. The rate of AI server use in data centers is rising 3. Wafer demand forecast for leading-edge process used

  6. Slide 6: Semiconductors used in AI servers and silicon area

    3-1. Semiconductors used in AI servers and silicon area  Example of semiconductor configuration in leading-edge AI server GPU+HBM GPU+HBM GPU GPU+HBM GPU+HBM HBM CPU CPU GPU+HBM GPU+HBM Silicon interposer GPU+HBM GPU+HBM DRAM (HBM) 8-chip stack+logic DRAM (HBM) (area increases with TSV bonding)  E

  7. Slide 7: Wafer demand forecast for leading-edge process in data centers

    3-3. Wafer demand forecast for leading-edge process used in data centers  Demand for leading-edge process wafers is being spurred by AI advances (300 mm, ( 300 mm,K K wafers/month) wafers/month ) (Scope: CPU, GPU, DRAM only) 1,500 CAGR (2023–27) ■ AI servers: 26% 26% 55% increase 5% ■ Ordinary serv

  8. Slide 8: Customer 300mm Wafer Inventory Trend

    4-1. Customer 300mm Wafer Inventory Trend （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 15 4-2. Customer 300mm Wafer Inventory (Logic/Memory) （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 16

  9. Slide 9: 300mm Epi and Polished Wafer Demand, Inventory and Price Trend

    5-1. 300mm Epi Wafer Demand, Inventory and Price Trend （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 17 5-2. 300mm Polished Wafer Demand, Inventory and Price Trend （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 18

  10. Slide 10: FY2023 Consolidated Business Result

    6. 300 mm Wafer Global Capacity and Demand FCST （Source： SUMCO’s estimation) 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 19 FY2023 Consolidated Business Result Michiharu Takii Representative Director, Vice Chairman, Chief Financial Officer 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 20

  11. Slide 11: Summary of Consolidated Business Result

    7-1. Summary of Consolidated Business Result (Billions of Yen) FY2022 FY2023 Actual Change Actual 1Q 2Q 3Q 4Q Total Net sales 441.0 109.9 110.7 100.2 105.1 425.9 (15.1) Operating income 109.6 25.9 20.8 15.1 11.2 73.0 (36.6) Non-operating income and expenses 1.7 1.4 0.4 0.3 (2.5) (0.4) (2.1) Ordinary

  12. Slide 12: Balance Sheet and Cash-Flow (Consolidated)

    7-3. Balance Sheet and Cash-Flow (Consolidated) １．Consolidated Balance Sheet (Billions of Yen) ２． Consolidated Cash-Flow (Billions of Yen) End of End of FY2023 Change (12months) Dec-2022 Dec-2023 Cash and time deposits 259.3 156.3 (103.0) Income before income taxes 92.7 Notes and accounts receivable

  13. Slide 13: 1Q-2024 Consolidated Business Forecast

    8-1. 4Q-2023 Consolidated Business Forecast (Billions of Yen) 1Q-2023 4Q-2023 1Q-2024 Change Chage Actual Actual Forecast YoY QoQ Net sales 109.9 105.1 87.0 (22.9) (18.1) Operating income 25.9 11.2 4.5 (21.4) (6.7) Non-operating income and expenses 1.4 (2.5) (0.5) (1.9) +2.0 Ordinary income 27.3 8.7

  14. Slide 14: Reference Materials: Quarterly Trend

    Reference Materials 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 27 ■ Quarterly Trend FCST 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 28

  15. Slide 15: URL https://www.sumcosi.com/

    URL https://www.sumcosi.com/ 4Q-2023 Results SUMCO CORPORATION Feb. 14, 2024 29

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