Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q2 2023 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Jul 10, 2023
Slide 1: Nanya Technology Q2 2023 Investor Conference
Nanya Technology Q2 2023 Investor Conference Dr. Pei-Ing Lee, President & Spokesman 10 July 2023 July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved.
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
Slide 3: Contents
01 Q2’23 Revenue & Results 02 CAPEX & Bit Shipment Contents 03 Market Outlook 04 Business Review & Outlook July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 3
Slide 4: Q2'23 Revenue & Results
Q2’23 REVENUE & RESULTS 01 July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 4
Slide 5: Q2'23 Financial Results Summary
Q2’23 Financial Results Summary Q2’23 Q1’23 QoQ Q2’22 YoY Amount in Million NT$, except for EPS & BVPS (Unaudited) Net Sales 7,027 100.0% 6,425 100% 9.4% 18,031 100% -61.0% Gross Profit (Loss) Gross Margin(%) **-788 -11.2% -554 -8.6% - 7,958 44.1% -109.9% Operating Income (Loss) -3,185 -45.3% -2,885
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q2’23 vs. Q1’23 Q2’23 vs. Q2’22 Revenue +9.4% -61.0% Shipment Increased mid-teens% Decreased low-twenties% ASP Decreased mid-single digits% Decreased low-fifties% Exchange Rate Relatively flat Increased mid-single digits% July 10, 2023 ︱© 2023 Nanya Technology Corpo
Slide 7: Q2'23 vs. Q1'23 Results Comparison
Q2’23 vs. Q1’23 Results Comparison Q2’23 QoQ Q1’23 Remarks Amount in Million NT$ (Unaudited) (PPT* Delta) ◼ ASP decreased mid-single digits% Net Sales 7,027 6,425 9.4% ◼ Bit shipment increased mid-teens% ◼ FX relatively flat Gross Profit (Loss) ◼ Gross loss increased NT$ 234M, mainly -788 -11.2% -55
Slide 8: Operating Expenses
Operating Expenses SG&A Expenses (*Unaudited) R&D Expenses (*Unaudited) (Million NT$) (Million NT$) 1,959 Q4 622 Q4 2,057 Q3 620 Q3 1,931 Q2 * 663 Q2 602 * 1,795 594 Q1 551 1,895 Q1 1,780 2022 2023 2022 2023 July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 8
Slide 9: Cash Flows
Cash Flows 2023 1H Cash Flow Unit: Million NT$ Q2’23 Q1’23 -5,946 Unit: Million NT$ (Unaudited) Beginning Balance 65,002 73,593 -8,625 Cash from Operating 629 Cash from Operating Activities *-3,737 -2,209 Activities Capital Financial Expenditures Activities Capital Expenditures -2,808 -5,817 & Other
Slide 10: CAPEX & Bit Shipment
02 CAPEX & BIT SHIPMENT July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 10
Slide 11: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion Mid-thirties% 20.7 15.0 11.3 down 8.5 ~ Flat down ~ 10% twenties% 1H'23 2020 2021 2022 2023E 8.6 2020 2021 2022 2023E CAPEX Bit Shipment (YoY) Capital ⚫ 1H’23 CAPEEX NT$8.6B Expenditure(CAPEX) ⚫ 2023 CAPEX plan estimated approx. NT$15B, down 28% yoy, WFE CAPEX approx
Slide 12: Market Outlook
03 MARKET OUTLOOK July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 12
Slide 13: Market Outlook (3Q'23)
Market Outlook(3Q’23) ⚫ DRAM demand declined sequentially since 2Q’ 22 and bottoming in 2Q’23. Marginal to Outlook moderate demand rebound is expected in 2H’23, depending on the recovery strength in China domestic market, and US enterprise cloud market, and global economics. ⚫ 2Q’23, Sign of invento
Slide 14: Business Review & Outlook
BUSINESS REVIEW & OUTLOOK 04 July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 14
Slide 15: Nanya Business Review & Outlook
Nanya Business Review & Outlook Finance • Q2’23 net loss NT$ 771 million, EPS NT$ -0.25 Operation • 2nd 10nm-class (1B) lead product and 3rd 10nm-class (1C) test product piloting on schedule • Production dynamically reduced by up to 20% • Nanya receives top 5% ranking in corporate governance evaluat
Slide 16: Thanks & Questions
Thanks & Questions July 10, 2023 ︱© 2023 Nanya Technology Corporation. All Rights Reserved. 16
Slide 17: Q2'23 Consolidated Income Statement
Q2’23 Consolidated Income Statement Q2’23 Q1’23 QoQ Q2’22 YoY Amount: Million NT$ (Unaudited) Net Sales 7,027 100.0% 6,425 100.0% 9.4% 18,031 100.0% -61.0% Cost of Goods Sold 7,815 111.2% 6,979 108.6% 10,072 55.9% Gross Profit (Loss) -788 -11.2% -554 -8.6% - 7,958 44.1% -109.9% SG&A Expenses 602 8.6