Andes Technology Corp. · TWSE:6533
Andes Technology — Q3 2022 Earnings Presentation
37 slides from Andes Technology's earnings presentation, 2022
Slide 1: Andes Technology Corp. Investor Conference Report
Andes Technology Corp. Investor Conference Report
Slide 2: Safe Harbor Notice
Safe Harbor Notice Except for the historical information contained herein, the matters addressed in this presentation are forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ materially, including but not limited to weather, impact of comp
Slide 3: Table of Contents
Table of Contents 01 Company Overview 02 Operation Results 03 Product Applications 04 New Products and Ecosystems 05 Concluding Remarks 3
Slide 4: Company Overview
Company Overview http://www.andestech.com
Slide 5: Andes Highlights
Andes Highlights • Founded in March 2005 in Hsinchu Science Park, Taiwan, ROC. • Well-established high technology IPO company • Over 340 people; 80% are engineers. • TSMC OIP Award “Partner of the Year” for New IP (2015) • Founding Premier membership in the RISC-V International Association (RISC-V F
Slide 6: Business Status Overview
Business Status Overview ❖ 300+ commercial licensees ◼ Geographically distributed in Taiwan, China, Korea, Japan, Europe, and USA Andes- ◼ 600+ license agreements signed Embedded SoC ❖ AndeSight™ IDE: ◼ ~24,000 installations IP / EDA Design Service / Foundries ❖ Eco-system: ◼ 500+ partners Developme
Slide 7: Operation Results
Operation Results http://www.andestech.com
Slide 8: 3Q22 Revenue Analysis
3Q22 Revenue Analysis QoQ YoY +93.5 % +41 % (NT$ thousands) 8
Slide 9: 22 Q1-Q3 Revenue Analysis
22 Q1-Q3 Revenue Analysis YoY +13 % (NT$ thousands) 9
Slide 10: 22 Q1-Q3 Top 10 Customers Analysis by Revenue
22 Q1-Q3 Top 10 Customers Analysis by Revenue (NT$ thousands) 10
Slide 11: 3Q22 Royalty Analysis
3Q22 Royalty Analysis QoQ YoY +7.7% -7.5 % (NT$ thousands) 11
Slide 12: 22 Q1-Q3 Royalty Analysis
22 Q1-Q3 Royalty Analysis YoY +4.2 % (NT$ thousands) 12
Slide 13: 22 Q1-Q3 Top 10 Royalty Contributors by Application
22 Q1-Q3 Top 10 Royalty Contributors Analysis by Applicat (NT$ thousands) 13
Slide 14: 22 Q1-Q3 Revenue Analysis by Payment Model
22 Q1-Q3 Revenue Analysis by Payment Model 14
Slide 15: 22 Q1-Q3 Revenue Analysis by Region
22 Q1-Q3 Revenue Analysis by Region 15
Slide 16: 22 Q1-Q3 Revenue Analysis by Product
22 Q1-Q3 Revenue Analysis by Product 16
Slide 17: 3Q22 Revenue Analysis - RISC-V
3Q22 Revenue Analysis - RISC-V (NT$ thousands) 17
Slide 18: Historical Commercial Agreements
Historical Commercial Agreements (numbers) (numbers) 428 18
Slide 19: Historical Revenue Analysis
Historical Revenue Analysis (NT$) License Royalty 19
Slide 20: 22 Q1-Q3 Consolidated Operating Expenses
22 Q1-Q3 Consolidated Operating Expenses YoY +48.6% (NT$ thousands) 20
Slide 21: 22 Q1-Q3 Consolidated Operating Income
22 Q1-Q3 Consolidated Operating Income YoY -% (NT$ thousands) 21
Slide 22: Q3 22 Consolidated Operating Margin
Q3 22 Consolidated Operating Margin QoQ YoY -% +0.08 % (%) 22
Slide 23: 22 Q1-Q3 Consolidated Net Income
22 Q1-Q3 Consolidated Net Income YoY +271.2 % (NT$ thousands) 23
Slide 24: 22 Q1-Q3 Consolidated Net Profit Margin
22 Q1-Q3 Consolidated Net Profit Margin YoY + 54.63 PT (%) 24
Slide 25: 3Q22 Consolidated EPS
3Q22 Consolidated EPS QoQ YoY +4.35 $ +4.78 $ (NT$) 25
Slide 26: 22 Q1-Q3 Consolidated EPS
22 Q1-Q3 Consolidated EPS YoY +6.6 $ (NT$) 26
Slide 27: Product Applications
Product Applications http://www.andestech.com
Slide 28: V5 Adoptions: From MCU to Datacenters
V5 Adoptions: From MCU to Datacenters ❖Edge to Cloud ADAS Datacenter/server AI accelerators AIoT SSD: enterprise (& consumer) Blockchain 5G macro/small cells FPGA MCU Multimedia Security Wireless (BT/WiFi) ❖40nm to 5nm 5G Macro ❖Many in AI 28
Slide 29: Andes RISC-V Cores Adopted in SoC
Andes RISC-V Cores Adopted in SoC o single core ooooo oooooooooooooooooooo…oooooooooooooooooooo 2-8 cores ooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooo
Slide 30: New Products and Ecosystems
New Products and Ecosystems http://www.andestech.com
Slide 31: Andes RISC-V Product Roadmap
Andes RISC-V Product Roadmap RV32/RV64 Vector Ext. Superscalar Out of Order NEW A25MP 27-Series: 45-Series: 60-Series: Cache-Coherent 1-4 Cores AX25MP Vector Ext. Dual Issue > 2.5 GHz MemBoost Vector Ext. > 2x per-GHz MemBoost performance of NX27V Linux with A25 A27/AX27 N45/NX45/D45 45-Series FPU/D
Slide 32: AX45 Can Do More (vs. 64bit A-series)
AX45 Can Do More (vs. 64bit A-series) ◼ A53 ◼ AX45 ⚫ 8-stage In-Order Dual Issue ⚫ 8-stage In-Order Dual Issue ⚫ Widely adopted by industries ⚫ Performance is better! in many applications • Coremark/MHz: 1.35x • Dhrystone/MHz: 1.42x 32
Slide 33: Target Applications for 27 & 45-Series
Target Applications for 27 & 45-Series ◼ AI/Deep Learning ◼ Video Surveillance ◼ AR/VR ◼ 5G ◼ ADAS ◼ Networking ◼ V2X (Vehicle to Everything) ◼ IVI (In-Vehicle-Infotainment) ◼ Storage Metaverse and more… 33
Slide 34: AX60-Series OOO Application Processors
AX60-Series OOO Application Processors ◼ Architecture: ◼ Microarchitecture ⚫ RV64 GCBK ⚫ Out-of-order superscalar ⚫ Vector Extension ⚫ Advanced memory subsystem ⚫ SV39/48 (and other VM extensions) ⚫ Multicore cluster ⚫ Cache Management Operations ⚫ CHI-based scale-out: ⚫ ePMP/PMA ⚫ Single-core as th
Slide 35: AX65: 1st Member of AX60-Series
AX65: 1st Member of AX60-Series AndesCore® AX65 ◼ 4-way 13-stage superscalar IRQ’s Interrupt Controller ◼ Multicore cluster: 1~8 cores JTAG Debug Support ◼ Private caches: Trace Ports AX65core AX65core ⚫ 64KB, multi-banked Private $ ... Private $ ⚫ Alias handling in HW ◼ Shared cache: up to 8MB Cohe
Slide 36: Certificate Granted
Certificate Granted ◼ N25F-SE: • Andes 1st Safety Enhanced core with ISO 26262 Full Compliance In-Cabin Radar Auto TDDI Auto MCU Auto Storage Radar Host Subsystem Controller N25F-SE N25F-SE Radio Memory Peripheral Taking RISC-V® Mainstream 36
Slide 37: Thank You
Thank You http://www.andestech.com +886-3-5726533 37