Slide 1: ASE Technology Holding First Quarter 2022 Earnings Release
ASE Technology Holding First Quarter 2022 Earnings Release ASE Technology Holding Co., Ltd. April 28, 2022 1
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. Although these forward-looking statements, which may
Slide 3: Consolidated Statements of Income (Legal Entity Basis)
Consolidated Statements of Income Quarterly Comparison (unaudited) Legal Entity Basis (NT$ Million) Q1 / 2022 % Q4 / 2021 % Q1/ 2021 % QoQ YoY Net Revenues: ATM 82,355 57.0% 90,583 52.4% 71,184 59.6% -9% 16% EMS 61,163 42.4% 81,541 47.2% 47,684 39.9% -25% 28% Others 873 0.6% 812 0.4% 602 0.5% 8% 45%
Slide 4: Consolidated Statements of Income (Pro Forma Basis)
Consolidated Statements of Income Quarterly Comparison (unaudited) Pro Forma Basis (NT$ Million) Q1 / 2022 % Q4 / 2021* % Q1/ 2021* % QoQ YoY Net Revenues: ATM 82,355 57.0% 83,805 50.4% 65,557 57.6% -2% 26% EMS 61,163 42.4% 81,541 49.1% 47,684 41.9% -25% 28% Others 873 0.6% 812 0.5% 602 0.5% 8% 45%
Slide 5: ATM Statements of Income (Legal Entity Basis)
ATM Statements of Income Quarterly Comparison (unaudited) Legal Entity Basis (NT$ Million) Q1 / 2022 % Q4 / 2021 % Q1 / 2021 % QoQ YoY Net Revenues: Packaging 69,921 83.2% 76,664 83.4% 61,545 83.4% -9% 14% Testing 12,583 15.0% 13,756 15.0% 11,131 15.1% -9% 13% Direct Material 1,479 1.8% 1,502 1.6% 1
Slide 6: ATM Statements of Income (Pro Forma Basis)
ATM Statements of Income Quarterly Comparison (unaudited) Pro Forma Basis (NT$ Million) Q1 / 2022 % Q4 / 2021* % Q1 / 2021* % QoQ YoY Net Revenues: Packaging 69,921 83.2% 70,942 83.3% 56,844 83.4% -1% 23% Testing 12,583 15.0% 12,700 14.9% 10,204 15.0% -1% 23% Direct Material 1,479 1.8% 1,502 1.8% 1,
Slide 7: ATM Operations
ATM Operations (unaudited) NT$ Million 100,000 50% 83,321 85,180 84,025 80,000 72,747 40% 68,139 24,301 23,101 23,181 18,876 60,000 16,989 30% 27.8% 28.5% 27.5% 25.9% 40,000 24.9% 20% 20,000 10% 0 0% Q1/21* Q2/21* Q3/21* Q4/21* Q1/22 Revenue Gross Profit Gross Margin *: We are providing the unaudite
Slide 8: ATM Revenue by Application
ATM Revenue by Application (unaudited) 100% 33% 33% 32% 31% 32% 80% 60% 14% 15% 15% 16% 16% 40% 53% 52% 53% 53% 52% 20% 0% Q1/21* Q2/21* Q3/21* Q4/21* Q1/22 Communication Computing Automotive, Consumer & Others *: We are providing the unaudited pro forma financial information to aid you in your anal
Slide 9: ATM Revenue by Type
ATM Revenue by Type (unaudited) 100% 2% 2% 2% 2% 2% 15% 15% 15% 15% 15% 80% 8% 7% 7% 7% 6% Material Testing 60% 36% 34% 38% 40% 37% Others Wirebonding 40% Bump/FC/WLP /SiP 20% 39% 40% 43% 37% 36% 0% Q1/21* Q2/21* Q3/21* Q4/21* Q1/22 *: We are providing the unaudited pro forma financial information t
Slide 10: EMS Operations
EMS Operations Quarterly Comparison & Revenue by Application (unaudited) (NT$ Million) Q1 / 2022* % Q4 / 2021* % Q1/ 2021* % QoQ YoY EMS Net Revenues 61,166 100.0% 81,544 100.0% 47,693 100.0% -25% 28% Gross Profit 5,380 8.8% 7,108 8.7% 4,011 8.4% -24% 34% Operating Income (Loss) 2,200 3.6% 3,599 4.4
Slide 11: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (unaudited) (NT$ Million) Mar. 31, 2022 Dec. 31, 2021 Cash and cash equivalent 84,426 76,073 Financial assets - current 4,698 3,075 Financial assets - non current & investments - equity method 23,202 23,260 Property, plant & equipment 247,541 239,867 Total assets 69
Slide 12: Equipment Capital Expenditure vs. EBITDA
Equipment Capital Expenditure vs. EBITDA (unaudited) US$ Million 1,174 1,200 1,108 1,100 1,000 916 830 800 600 567 432 425 437 443 400 200 0 Q1/21* Q2/21* Q3/21* Q4/21* Q1/22 Capex EBITDA *: We are providing the unaudited pro forma financial information to aid you in your analysis of the financial a
Slide 13: Second Quarter 2022 Outlook
Second Quarter 2022 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the second quarter of 2022 to be as follows: • On a pro forma basis, in US dollar terms, our ATM 2nd quarter 2022 business levels should be slightly above 4th
Slide 14: Thank You
Thank You w w w. a s e g l o b a l . c o m 14
Slide 15: Consolidated Statements of Comprehensive Income (Pro Forma Historical)
Appendix 1 Consolidated Statements of Comprehensive Income Pro Forma Historical Data* (unaudited) (NT$ Million) Q1/2021 % Q2/2021 % Q3/2021 % Q4/2021 % FY/2021 % Net Revenues: ATM 65,557 57.6% 70,919 58.8% 82,019 57.0% 83,805 50.4% 302,300 55.5% EMS 47,684 41.9% 49,147 40.7% 61,116 42.5% 81,541 49.1
Slide 16: ATM Statements of Comprehensive Income (Pro Forma Historical)
Appendix 2 ATM Statements of Comprehensive Income Pro Forma Historical Data* (unaudited) (NT$ Million) Q1/2021 % Q2/2021 % Q3/2021 % Q4/2021 % FY/2021 % Net Revenues: Packaging 56,844 83.4% 60,716 83.5% 69,512 83.4% 70,942 83.3% 258,014 83.4% Testing 10,204 15.0% 10,656 14.6% 12,354 14.8% 12,700 14.
Slide 17: Consolidated Statements of Comprehensive Income
Appendix 3 Consolidated Statements of Comprehensive Income (unaudited) (NT$ Thousand) Q1/2021 Q2/2021 Q3/2021 Q4/2021 FY/2021 Q1/2022 Revenues 119,469,784 126,926,346 150,664,816 172,936,186 569,997,132 144,390,827 COGS 97,583,415 102,122,197 119,880,851 140,041,892 459,628,355 115,919,599 PPA under