Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q4 2004 Earnings Presentation
17 slides from Nanya Technology's earnings presentation, Jan 21, 2005
Slide 1: Nanya Technology Corporation Investor Conference
Nanya Technology Corporation A Member of Formosa Plastics Group Investor Conference Dr. Pei Lin Pai VP & Spokesman January 21st, 2005 January 21st , 2005 Page 1 © 2004 Nanya Technology Corp.
Slide 2: Contents
CONTENTS • December’04 Results • 2004 4th Quarter Update • 2004 Results • Capital Expenditure Plan • DDR2 Penetration Forecast • DRAM Price Movement • WW DRAM Market Outlook • NTC 2005 Outlook January 21st , 2005 Page 2 © 2004 Nanya Technology Corp.
Slide 3: 2004 Revenue Update
2004 Revenue Update January 21st , 2005 Page 3 © 2004 Nanya Technology Corp.
Slide 4: December'04 Results Recap
December’04 Results Recap • Revenue - 3% decrease M-to-M in December. - Exchange rate impact 2%. • Price - ASP 10% decrease M-to-M in December. • Shipment - 9% increase M-to-M in December. • Inventory - Nanya inventory level around 10-day January 21st , 2005 Page 4 © 2004 Nanya Technology Corp.
Slide 5: Quarterly Revenue Update
Quarterly Revenue Update January 21st , 2005 Page 5 © 2004 Nanya Technology Corp.
Slide 6: Recap of Major Events in 4Q04
Recap of Major Events in 4Q04 • Quarterly growth - Revenue growth: 4% in 4Q04 - Shipment increase 11% in 4Q04 • Inventory level under 10 days • Revenue - 4Q04 ASP down 4% from 3Q04 - Exchange rate impact 3 % • Gross margin - 25% in 4Q04 • 110nm technology - The technology conversion near completion
Slide 7: Annual Revenue Update
Annual Revenue Update January 21st , 2005 Page 7 © 2004 Nanya Technology Corp.
Slide 8: 2004 Income Statement
2004 Income Statement 1Q'04 2Q'04 3Q'04 4Q'04 2004 Total Amount: Million NT$ Audited Audited Audited Unaudited Unaudited Net Sales 8,541 100% 10,472 100% 10,525 100% 10,983 100% 40,521 100% Cost of Goods Sold 5,908 69% 5,963 57% 6,493 62% 8,216 75% 26,580 66% Gross Margin 2,633 31% 4,509 43% 4,032 3
Slide 9: Y2004 Sales Revenue by Region
Y2004 Sales Revenue by Region January 21st , 2005 Page 9 © 2004 Nanya Technology Corp.
Slide 10: Global Reach Global Service Network
Global Reach Global Service Network UK & Ireland Amsterdam, Netherlands Tokyo, Japan Duesseldorf, Germany Apple PACE Headquarters Taoyuan, Taiwan Raleigh, USA Penang, Malaysia Houston, USA Kunshan, China Austin, USA Shenzhen, China San Jose, USA Hong Kong Sales Office FAE Application Lab FAE Support
Slide 11: Y2004 Top 10 Customers
Y2004 Top 10 Customers Y2003 Y2004 Dell Dell acer HP PanRam acer HP PanRam Epson IBM SPARKLE TMTc TMTc Palit IBM Apple Kingston SPARKLE ASUS Datacell January 21st , 2005 Page 11 © 2004 Nanya Technology Corp.
Slide 12: Capital Expenditure Plan
Capital Expenditure Plan January 21st , 2005 Page 12 © 2004 Nanya Technology Corp.
Slide 13: DDR2 Penetration Forecast
DDR2 Penetration Forecast As of Major PC Suppliers’ Demand 100% 80% 60% 40% 20% 0% 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 Source: Nanya Technology January 21st , 2005 Page 13 © 2004 Nanya Technology Corp.
Slide 14: DRAM Price Movement
Ja n- 0 $3 $4 $5 $6 $7 Fe 3 b USD M -03 January 21st , 2005 ar -0 A 3 pr - M 03 ay Year 2003 -0 Ju 3 n- 0 Ju 3 l- A 03 ug -0 Se 3 p- 0 O 3 ct -0 N 3 ov - D 03 ec SPOT -0 Ja 3 n- 0 DRAM Price Movement Fe 4 b Page 14 M -04 ar -0 A 4 pr - M 04 Year 2004 ay -0 Ju 4 n- 0 Ju 4 l- A 04 ug -0 Se 4 p- 0 O 4
Slide 15: Market Outlook
Market Outlook Demand • PC growth around 10% expected in 2005 • Dual core PC architecture may increase DRAM contents from 2H05 • DDR2 transition accelerated with DDR2 NB demand in 1Q05 • Chinese new year holiday production preparation on the way Supply • Worldwide 90nm transition slower than expecte
Slide 16: NTC 2005 Outlook
NTC 2005 Outlook Bit Output • 100% growth from 2004 • 25% in 1Q; 20% in 2Q; 20% in 3Q; 10% in 4Q Technology • 110nm conversion completed in 200mm fab in 1Q05 • 90nm technology pilot-run started • 70nm technology to be demonstrated Product • High density DIMM for PC and server applications • Diversif
Slide 17: Q&A
Q&A www. nanya.com January 21st , 2005 Page 17 © 2004 Nanya Technology Corp.