Nanya Technology Corporation · TWSE:2408
Nanya Technology — Q3 2019 Earnings Presentation
18 slides from Nanya Technology's earnings presentation, Oct 8, 2019
Slide 1: Nanya Technology Q3'2019 Investor Conference
Best DRAM Partner for Smart World Nanya Technology Q3’ 2019 Investor Conference Presentation to Investors and Analysts, 8 Oct. 2019 Dr. Pei-Ing Lee, President & Spokesman NTC Proprietary April 16, 08, October 20192019 © 2019 © 2019 Nanya Nanya Technology Technology Corp. Corp. Level: Property
Slide 2: Safe Harbor
Safe Harbor The information herein and the presentation made during the conference contain forward-looking statements and are provided for information purposes only. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking st
Slide 3: Agenda
Agenda 01. Q3’19 Revenue & Results 02. CAPEX & Bit Shipment 03. Market Outlook 04. Business Review & Outlook October 08, 2019 © 2019 Nanya Technology Corp. 3
Slide 4: Q3'19 Revenue & Results
01 Q3’19 REVENUE & RESULTS October 08, 2019 © 2019 Nanya Technology Corp. 4
Slide 5: Q3'19 Financial Results Summary
Q3’19 Financial Results Summary Q3'19 Q2'19 Q3'18 Amount in Million NT$, QoQ YoY except for EPS & BVPS Unaudited Audited Audited Net Sales 14,799 100% 12,441 100% 19.0% 24,375 100% -39.3% Gross Profit (Loss) Gross Margin(%) 4,137 28.0% 4,348 34.9% -4.9% 14,366 58.9% -71.2% Operating Income (Loss) 2,
Slide 6: Quarterly Revenue Results
Quarterly Revenue Results QoQ YoY Q3 ’19 vs. Q2’19 Q3’19 vs. Q3’18 Revenue +19.0% -39.3% Shipment Increased mid-30% range Increased 20% range ASP Decreased low-teens% Decreased 50% range Exchange Rate +0.3% +3.1% Q3’19 Revenue increased by 19.0% QoQ Q3’19 Bit shipment increased mid-thirty% range
Slide 7: Q3'19 vs. Q2'19 Results Comparison
Q3’19 vs. Q2’19 Results Comparison Q3’19 Q2’19 QoQ (PPT* Delta) Remarks Amount in Million NT$ Unaudited Audited Bit shipment increased by mid-thirty% Net Sales 14,799 12,441 +19% range QoQ ASP decreased by low-teens% QoQ Q3’19 Gross profit decreased NT$ 211M, Gross Profit (Loss) 4,137 28.0% 4,
Slide 8: Quarterly Financial Highlights
Quarterly Financial Highlights 40,000 80% Revenue (Million NT$) Net Income (Million NT$) Gross Margin(%) Operating Margin(%) 58.9% Gross Margin, Operating Margin (%) Revenue, Net Income (Million NT$) 55% 51.0%52.9% 50% 52% 47% 44% 44% 44% 41.8% 40% 39% 40.7% 20,000 40% 34.9% 33% 32% 33% 32% 31% 31%
Slide 9: Operating Expenses
Operating Expenses SG&A Expenses R&D Expenses (Million NT$) * Unaudited number (Million NT$) * Unaudited number NT$2,373 NT$4,888 562 Q4 1,318 596 ＊ Q3 1,336 1,345 ＊ 540 669 Q2 1,059 483 1,358 546 465 Q1 876 1,148 2018 2019 2018 2019 Note: Q3’19 SG&A expenses increased mainly due to Note: Q3’19 R&D
Slide 10: Cash Flows
Cash Flows Q1~Q3 2019 Cash Flow Q3'19 Q2'19 Unit: Million NT$ -4,656 Unaudited & Audited & Consolidated Consolidated 12,437 Capital Unit: Million NT$ Expenditures Beginning Balance 60,861 60,374 -22,154 Cash from Cash from Operating Operating 4,930 1,591** Activities Activities Dividend Capital expe
Slide 11: CAPEX & Bit Shipment
02 CAPEX & BIT SHIPMENT October 08, 2019 © 2019 Nanya Technology Corp. 11
Slide 12: CAPEX & Bit Shipment
CAPEX & Bit Shipment NT$ Billion Mid-thirties % 29.4 20.4 Low-teens% 7.0 Flat 2017 2018 2019(E) 2017 2018 2019(E) CAPEX Bit Shipment (YoY) Capital Q1’19~Q3’19 CAPEX NT$ 4.7Billion (B) Expenditure (CAPEX) 2019 CAPEX plan approx. NT$ 7B Q3’19 Bit shipment increased by mid-thirties % Q4’19 QoQ
Slide 13: Market Outlook
03 MARKET OUTLOOK October 08, 2019 © 2019 Nanya Technology Corp. 13
Slide 14: Market Outlook
Market Outlook Macro: Macro economic uncertainties expected to continue; Q3 seasonal effect resulted in shipment increase and inventory reduction. Q4 DRAM supply-demand expect to be stable Outlook and pricing pressure decrease Sectors Outlook: Servers demand improve gradually, smartphone content
Slide 15: Business Review & Outlook
04 BUSINESS REVIEW & OUTLOOK October 08, 2019 © 2019 Nanya Technology Corp. 15
Slide 16: Nanya Business Review & Outlook
Nanya Business Review & Outlook Nanya named Dow Jones Sustainability Index on Emerging Markets Index for 2nd straight year Strong Q3’19 bit shipment growth in consumer and commodity segments Q4’19 DRAM market expect to stay stable 2019 bit shipment increase to mid-teens%, in-line with market
Slide 17: Thanks & Questions
Thanks & Questions October 08, 2019 © 2019 Nanya Technology Corp. 17
Slide 18: Q3'19 Consolidated Income Statement
Q3’19 Consolidated Income Statement Q3'19 Q2'19 Q3’18 QoQ YoY Amount: Million NT$ Unaudited Audited Audited Net Sales 14,799 100.0% 12,441 100.0% 19.0% 24,375 100.0% -39.3% Cost of Goods Sold 10,662 72.0% 8,093 65.1% 10,008 41.1% Gross Margin 4,137 28.0% 4,348 34.9% -4.9% 14,366 58.9% -71.2% SG&A Ex