Slide 1: Second Quarter 2023 Earnings Release
Second Quarter 2023 Earnings Release ASE Technology Holding 27 July, 2023
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
Consolidated Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2023 % Q1 / 2023 % Q2 / 2022 % QoQ YoY Net Revenues: ATM 75,256 55.2% 72,524 55.4% 93,355 58.2% 4% -19% EMS 60,384 44.3% 57,731 44.1% 66,213 41.3% 5% -9% Others 635 0.5% 636 0.5% 871 0.5% 0% -27% Total Net Revenues
Slide 4: Consolidated Operations
Consolidated Operations (Unaudited) NT$ million 200,000 40% 829 744 871 150,000 30% 873 90,660 66,213 83,931 635 636 61,163 100,000 21.4% 20.1% 57,731 60,384 20% 19.7% 19.2% 16.0% 14.8% 12.8% 12.6% 50,000 11.2% 11.1% 10% 93,355 97,137 92,742 82,355 72,524 75,256 5.9% 6.9% 0 0% Q1/22 Q2/22 Q3/22 Q4/2
Slide 5: ATM Statements of Income
ATM Statements of Income Quarterly Comparison (Unaudited) (NT$ million) Q2 / 2023 % Q1 / 2023 % Q2 / 2022 % QoQ YoY Net Revenues: Packaging 62,607 82.3% 60,770 82.9% 79,894 84.1% 3% -22% Testing 12,292 16.1% 11,407 15.6% 13,760 14.5% 8% -11% Direct Material 1,165 1.5% 1,106 1.5% 1,288 1.3% 5% -10% O
Slide 6: ATM Operations
ATM Operations (Unaudited) NT$ million 98,831 100,000 94,998 94,322 50% 84,025 28,832 76,108 80,000 27,768 26,193 73,319 40% 23,101 14,749 16,161 60,000 30% 29.2% 29.2% 27.8% 27.5% 40,000 20% 20.1% 21.2% 20,000 10% 0 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Revenue Gross Profit Gross Margin 6
Slide 7: ATM Revenues by Application
ATM Revenues by Application (Unaudited) 100% 32% 32% 31% 31% 33% 33% 80% 60% 16% 16% 16% 16% 17% 18% 40% 52% 52% 53% 53% 50% 49% 20% 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Communication Computing Automotive, Consumer & Others 7
Slide 8: ATM Revenues by Type
ATM Revenues by Type (Unaudited) 100% 2% 1% 2% 2% 1% 2% 15% 15% 15% 15% 16% 16% 80% 6% 6% 7% 7% 8% 7% Material Testing 60% 34% 35% 34% 33% 34% 34% Others 40% Wirebonding Bump/FC/WLP/ 20% 43% 43% 42% 43% 41% 41% SiP 0% Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 8
Slide 9: EMS Operations
EMS Operations Quarterly Revenues by Application (unaudited) (NT$ million) Q2 / 2023 % Q1 / 2023 % Q2 / 2022 % QoQ YoY EMS Net Revenues 60,424 100.0% 57,733 100.0% 66,218 100.0% 5% -9% Gross Profit 5,639 9.3% 4,567 7.9% 6,650 10.0% 23% -15% Operating Income (Loss) 2,089 3.5% 1,325 2.3% 2,667 4.0% 58
Slide 10: Key Balance Sheet Items & Indices
Key Balance Sheet Items & Indices (Unaudited) (NT$ million) Jun. 30, 2023 Mar. 31, 2023 Cash and cash equivalent $59,351 $62,056 Financial assets - current 7,040 6,317 Financial assets - non current & investments - equity method 26,761 24,352 Property, plant & equipment 262,604 266,005 Total assets
Slide 11: Equipment Capital Expenditures vs. EBITDA
Equipment Capital Expenditures vs. EBITDA (Unaudited) US$ million 1,400 1,283 1,203 1,200 1,141 1,100 1,000 843 781 800 600 515 443 400 400 339 231 209 200 0 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Capex EBITDA 11
Slide 12: Technology Advancement Led TAM Expansion
Technology Advancement Led TAM Expansion 12
Slide 13: Third Quarter 2023 Outlook
Third Quarter 2023 Outlook* Based on our current business outlook and exchange rate assumptions, management projects overall performance for the third quarter of 2023 to be as follows: In NT dollar terms, our ATM 3rd quarter 2023 revenues should grow mid to high single digits quarter over quarter;
Slide 14: Thank you
Thank you
Slide 15: Consolidated Statements of Comprehensive Income
Appendix 1 Consolidated Statements of Comprehensive Income (Unaudited) (NT$ thousand) Q1/2022 Q2/2022 Q3/2022 Q4/2022 FY/2022 Q1/2023 Q2/2023 Revenues 144,390,827 160,439,019 188,625,557 177,417,239 670,872,642 130,891,073 136,275,353 COGS 115,919,599 126,051,460 150,653,584 143,317,989 535,942,632