Nuvoton Technology Corporation · TWSE:4919
Nuvoton Technology — Q1 2025 Earnings Presentation
24 slides from Nuvoton Technology's earnings presentation, May 6, 2025
Slide 1: Nuvoton Technology Corporation 1Q'25 Investor Conference
Nuvoton Technology Corporation 1Q’25 Investor Conference May 6, 2025 1
Slide 2: Agenda
Agenda Nuvoton Financial Results Nuvoton 1Q’25 Business Update Nuvoton Cloud & Security Business Group Q&A 2
Slide 3: Safe Harbor Notice
Safe Harbor Notice ❖ We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 4: Nuvoton Financial Results
Toy of innovation Pa UVvoTOon Nuvoton Financial Results
Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated 1Q’25 4Q’24 QoQ Unit: NT$ M Amount % Amount % Amount % Net Revenue 8,364 100 7,270 100 1,094 - Gross Profit 3,451 41.3 2,769 38.1 682 3.2 Operating Income 273 3 (220) (3) 493 6 Non-Operating Income 59 1 201 3 (142) (2) Income before Income Tax 333 4 (
Slide 6: Balance Sheet - Consolidated
Balance Sheet - Consolidated March 31 ’25 Dec 31 ’24 QoQ Unit: NT$ M Amount % Amount % Amount % Cash & Cash Equivalents 10,436 28 5,704 19 4,732 9 Accounts Receivable 4,983 14 3,604 12 1,379 2 Other Receivable 438 1 420 1 18 - Inventories 7,281 20 7,126 24 155 (4) Long-Term Investments 3,054 8 3,353
Slide 7: Statement of Cash Flows - Consolidated
Statement of Cash Flows - Consolidated 1Q’25 4Q’24 3Q’24 Unit: NT$ M Amount Amount Amount Cash Flows from Operating Activities (898) (358) (583) Cash Flows from Investing Activities (437) (229) (525) Cash Flows from Financing Activities 5,679 1,060 (1,008) Cash & Cash Equivalents 10,436 5,704 5,272
Slide 8: Revenue and GM Trend - Consolidated
Revenue and GM Trend - Consolidated Revenue/Gross Profit (NT$ M) Gross Margin 50% 40% 42% 42% 41% 40% 40% 37% 38% 40% 10,000 34% 8,956 8,953 8,970 8,470 8,468 8,228 8,364 7,957 7,270 30% 5,000 20% 3,611 3,622 3,756 3,534 3,451 3,354 2,972 2,821 2,769 10% 0 0% 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 3Q'2
Slide 9: Nuvoton 1Q'25 Business Update
Nuvoton 1Q’25 Business Update 9
Slide 10: 1Q'25 Revenue by 4C Applications
1Q’25 Revenue by 4C Applications Automotive& 1Q’25 BMC BM-IC Industrial EC HMI 4Q’24 27% MCU IC Card 22% Computer Super IO MCU TPM 43% 44% 15% 14% Audio IC Communication & 19% HDMI IC Others MCU MCU 16% Consumer MOSFET 10 Note: Foundry revenue was not included in the numbers .
Slide 11: Nuvoton 1Q'25 Business Update (1)
Nuvoton 1Q’25 Business Update (1) Automotive & Industrial ❖First mass production of BM-IC for the U.S. car OEM customer ❖Design-in of a TOF sensor for occupant monitoring system and child presence detection for China customer, targeting global autonomous mobility services application ❖Launched the N
Slide 12: Nuvoton 1Q'25 Business Update (2)
Nuvoton 1Q’25 Business Update (2) Computer ❖Mass production of the USB 4.0 re-timer for U.S. PC customer Consumer ❖Design-win of the inverter MCU for new-model refrigerators, dishwashers and washing machines for Japanese customer ❖Launched new stereo audio codec platform tailored for real-time audio
Slide 13: Nuvoton Cloud & Security Business Group
Nuvoton Cloud ete Client Computing Data Center & Server Edge Computing & Networking
Slide 14: Compute Product Development Focus
Compute Product Development Focus 14
Slide 15: EC (Embedded Controller) Roadmap
EC (Embedded Controller) Roadmap Next Gen EC 144 MHz RAM: up to 1 MB ARM Cortex-M4 NPCX4mnx Int. Flash: up to 4 MB NPCX9mnxA 120 MHz Secure Island, SHA3, PQC RAM: up to 512 KB RAM: up to 768 KB AI algorithm Int. Flash: up to 1 MB Int. Flash: up to 2 MB Secure Boot, Enhanced Security eSPI TAF, RPMC,
Slide 16: TPM (Trusted Platform Module) Roadmap
TPM (Trusted Platform Module) Roadmap NPCT8xx NPCT7xx v7.2.4.0 NPCT7xx (TPM2.0 v1.59) • New Silicon v7.2.3.x • New Algorithms NPCT7xx (TPM2.0 v1.59) • FIPS 140-3 (L1) (post quantum) v7.2.2.0 • RSA4096 • Improved (TPM2.0 v1.38) • SP800-90B Countermeasures (Entropy) • … • … • Enhanced Field • Extra NV
Slide 17: OpenTitan Secure MCU
OpenTitan Secure MCU NPCR2xx ⚫ First open-source silicon for trustworthiness through NPCR1xx transparency • Increased NVM and SRAM with embedded memory die in-package • 1MB NVM, 132KB SRAM, 2KB OTP ⚫ Developed with a consortium of companies, initiated • PQC-secured boot with FIPS205 SLH-DSA • Comple
Slide 18: 4 Pillars of Nuvoton's BMC Strategy
4 Pillars of Nuvoton’s BMC Strategy 18
Slide 19: Multi-Node Manageability: DC-SCM3.0
Multi-Node Manageability : DC-SCM3.0 ⚫ Nuvoton is first to present and demonstrate BMC+SMC solutions at OCP workgroup
Slide 20: High Speed Interface Milestones
High Speed Interface Milestones ⚫ Over 20 years of market experience, shipped 450 million units of HDMI IC. ⚫ No. 1 share in the world in the HDMI 2.0/2.1 IC field (Nuvoton est.) Industry 1st HDIM 2.1 IC for Game HDMI v1.4 HDMI v2.1 2002.12 HDMI v1.0 2009.05 2017.11 3Gbps 3D 8K4K Mobile/Automotive 1
Slide 21: Application Portfolio
Portfolio Application HDMI2.1 HDMI2.1 HDMI2.1b HDMI next HDMI next Entertainment 4in2out 4in2out 4in2out MN864739 MN864807A KM864807B KM8648XX Re-Timer (Game) (Audio) (Audio) (Audio) Personal Computers Ver1 Ver1 Ver2 Ver2 + Multi Port USB4 BGA CFP KM864741 P2P KM864743 P2P CFP CFP USB3.2 BGA CFP KM8
Slide 22: High Speed Segment Overview
High Speed Segment Overview CFP 22
Slide 23: Compute Focus Strategies
Compute Focus Strategies Client Computing • Be the Portfolio Supplier at Compute applications ▪ EC, SIO • Strengthen Security as our Core-competence ▪ TPM, OpenTitan ▪ USB4, DP & HDMI retimers • Enhance HW/SW Service on Compute ecosystems ▪ PC companion chips Edge Computing & Networking ▪ eBMC ▪ TPM
Slide 24: Questions & Answers
Questions & Answers Nuvoton Company Website: www.nuvoton.com 24