Slide 1: 1Q24 Results Conference
May 2024 Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 1Q24 Results Conference Exhibit 99.2
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, amon
Slide 3: Agenda
Agenda Welcome 1Q24 Operating Results S.J. Cheng 1Q24 Financial Results Silvia Su Business Outlook S.J. Cheng Q&A
Slide 4: 1Q24 Operating Results
1Q24 Operating Results 4 ©, ChipmMos
Slide 5: Revenue & Gross Margin
Revenue & Gross Margin 5 Revenue: NT$5,418.7M (QoQ: -5.4%, YoY: +17.7%) Gross Margin: 14.2% (QoQ: -5.9ppts, YoY: +1.8ppts)
Slide 6: Utilization Rate
Utilization Rate 6 Note: To effectively reflect changes in product characteristic and mix, the utilization calculation target of manufacturing site, which output calculated by wafer quantity, was changed to run time from wafer quantity since 1Q22. 1Q24: 62% 4Q23: 57% 1Q23: 42% 1Q24: 61% 4Q23: 53% 1Q
Slide 7: 1Q24 Revenue Breakdown Product Manufacturing Site
1Q24 Revenue Breakdown Product Manufacturing Site
Slide 8: Revenue Breakdown - Memory
Revenue Breakdown － Memory 8 1Q24: 39.2% (QoQ: +1.6%, YoY: +26.4%)
Slide 9: Revenue Breakdown - DDIC + Gold Bump
Revenue Breakdown － DDIC + Gold Bump 9 1Q24: 51.1% (QoQ: -11.0%, YoY: +14.3%)
Slide 10: Revenue Breakdown - End Market
Revenue Breakdown － End Market 10 DDIC & Gold bump Memory & Mixed-signal Content Performance of 1Q24 Smart Mobile 38.4% (QoQ -10.9%) TV 15.8% (QoQ -0.3%) Computing 3.3% (QoQ -26.3%) Auto/Industry 22.0% (QoQ -1.2%) Consumer 20.5% (QoQ +6.3%) Smart phone Wearable Watch, TWS UHD/4K/8K TV OLED TV NB/Tab
Slide 11: 1Q24 Financial Results
1Q24 Financial Results 4 ©, ChipmMos
Slide 12: Consolidated Operating Results Summary
Consolidated Operating Results Summary
Slide 13: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income Note (1) : QoQ: Difference mainly due to the increase of the foreign exchange gains of NT$348M from the foreign exchange losses of NT$195M in 4Q23 to the foreign exchange gains of NT$153M in 1Q24 and partially offset by the decrease of share of profit
Slide 14: Consolidated Statements of Financial Position & Key Indices
Consolidated Statements of Financial Position & Key Indices
Slide 15: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows Notes : Free cash flow was calculated by adding depreciation, amortization, interest income together with operating profit and then subtracting CapEx, interest expense, income tax expense and dividend from the sum. (2) Difference mainly due to the increase of Ca
Slide 16: Capital Expenditures & Depreciation
Capital Expenditures & Depreciation 16 CapEx: NT$632.5M Depreciation: NT$1,181.1M
Slide 17: Business Outlook
Business Outlook 47 @, ChipmMos
Slide 18: Market & Business Outlook
Market & Business Outlook 1Q to be the seasonal trough quarter for 2024, and cautiously optimistic entering Q2 Expected to improve in 2024, with a stronger 2H ‘24 than 1H ’24 Careful CapEx additions, including DDIC high end test platform in 2H’24 Memory: DRAM and Flash Customer’s inventory rebuildin
Slide 19: Q&A
Q&A www.chipmos.com 19 @, ChipmMos