Slide 1: First Quarter 2024 Earnings Release
First Quarter 2024 Earnings Release ASE Technology Holding 25 April, 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) (NT$ million) Q1 / 2024 % Q4 / 2023 % Q1 / 2023 % QoQ YoY Net Revenues: ATM 72,862 54.9% 80,761 50.3% 72,524 55.4% -10% 0% EMS 59,326 44.7% 79,155 49.3% 57,731 44.1% -25% 3% Others 615 0.4% 665 0.4% 636 0.5% -8% -3% Total Net Revenue
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 180,000 30% 665 150,000 629 635 615 636 120,000 70,948 79,155 20% 57,731 60,384 59,326 16.0% 16.2% 16.0% 15.7% 90,000 14.8% 60,000 10% 6.9% 7.4% 7.4% 5.9% 82,590 5.7% 72,524 75,256 80,761 72,862 30,000 0 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 ATM Revenue EMS
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q1 / 2024 % Q4 / 2023 % Q1 / 2023 % QoQ YoY Net Revenues: Packaging 60,388 81.7% 67,378 82.1% 60,770 82.9% -10% -1% Testing 12,102 16.4% 13,363 16.3% 11,407 15.6% -9% 6% Direct Material 1,338 1.8% 1,205 1.5% 1,106 1.5% 11% 21% O
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 100,000 40% 83,684 82,004 80,000 76,108 73,908 73,319 18,590 30% 19,218 14,749 16,161 15,557 60,000 23.4% 20% 21.2% 22.2% 21.0% 40,000 20.1% 10% 20,000 0 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 33% 33% 29% 30% 30% 80% 60% 19% 17% 18% 17% 18% 40% 50% 49% 52% 53% 52% 20% 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 1% 2% 1% 2% 2% 16% 16% 15% 16% 16% Material 80% 8% 7% 8% 8% 9% Testing 60% 34% 34% 32% 30% 30% Others 40% Wirebonding Bump/FC/WL 20% 41% 41% 44% 44% 43% P/SiP 0% Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 8
Slide 9: EMS Operations
EMS Operations Quarterly Comparison/Revenues by Application (unaudited) (NT$ million) Q1 / 2024 % Q4 / 2023 % Q1 / 2023 % QoQ YoY EMS Net Revenues 59,365 100.0% 79,182 100.0% 57,733 100.0% -25% 3% Gross Profit 5,499 9.3% 6,686 8.4% 4,567 7.9% -18% 20% Operating Income (Loss) 1,657 2.8% 2,799 3.5% 1,
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Mar. 31, 2024 Dec. 31, 2023 Cash and cash equivalent $75,105 $67,284 Financial assets - current 8,410 4,683 Financial assets - non current & investments - equity method 30,776 29,698 Property, plant & equipment 265,592 264,812 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,000 885 895 843 781 766 800 600 400 231 239 234 228 209 200 0 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Capex EBITDA 11
Slide 12: Second Quarter 2024 Outlook
Second Quarter 2024 Outlook Based on our current business outlook and exchange rate assumptions, management projects overall performance for the second quarter of 2024 to be as follows: In NT dollar terms, our ATM 2nd quarter 2024 revenues should grow by mid single digits quarter over quarter; O
Slide 13: Thank you
Thank you
Slide 14: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/2023 Q2/2023 Q3/2023 Q4/2023 FY/2023 Q1/2024 Revenues 130,891,073 136,275,353 154,166,844 160,581,201 581,914,471 132,802,855 COGS 111,551,750 114,534,530 129,251,183 134,819,876 490,157,339 111,934,809 PPA unde