Faraday Technology Corp. · TWSE:3035
Faraday Technology — Q4 2023 Earnings Presentation
15 slides from Faraday Technology's earnings presentation, Feb 20, 2024
Slide 1: 2023 4Q Investor Conference
2023 4Q Investor Conference Feb 20, 2024 Confidential
Slide 2: Agenda
Agenda • 4Q23 Financial Results • Business Update Confidential 2
Slide 3: 4Q23 Financial Results
4Q23 Financial Results 3
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$ Million 4Q23 3Q23 4Q22 QoQ % YoY % Revenues 2,824 2,962 3,250 -4.7% -13.1% IP 347 330 352 5.2% -1.5% NRE 298 321 447 -7.4% -33.4% MP 2,179 2,311 2,451 -5.7% -11.1% Gross Profit 1,297 1,281 1,547 1.2% -16.2% Operating Expenses (840) (853) (895) -1.5% -6.2%
Slide 5: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$ Million 2023 2022 YoY % Revenues 11,966 13,065 -8.4% IP 1,402 1,343 4.4% NRE 1,725 1,720 0.3% MP 8,839 10,002 -11.6% Gross Profit 5,307 6,375 -16.8% Operating Expenses (3,351) (3,454) -3.0% Operating Income 1,956 2,921 -33.1% Non-operating Items 114 136 -
Slide 6: Condensed Balance Sheet
Condensed Balance Sheet Unit: NT$ Million 2023/12/31 2023/09/30 Cash and Cash Equivalents 5,715 5,544 Notes and Accounts Receivable 1,559 1,521 Inventories 1,187 1,640 Total Assets 13,418 13,470 Notes and Accounts Payable 999 1,378 Current Liabilities 3,236 3,770 Total Liabilities 3,564 4,140 Stockh
Slide 7: Business Update
Business Update 7
Slide 8: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method NT$ M 100% 11% 12% 12% 11% 12% 90% 3,500 14% 11% 11% 3,000 80% 17% 19% 2,500 70% 2,000 60% 1,500 50% 1,000 40% 75% 78% 77% 69% 71% 500 30% 0 20% 4Q22 4Q22 1Q23 1Q23 2Q23 2Q23 3Q23 3Q23 4Q23 4Q23 IP 352 382 343 330 347 10% NRE 447 617 489 321 298 0% MP 2,451 2,263 2,
Slide 9: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method NT$ M 14,000 100% 13% 10% 12% 12,000 17% 15% 90% 13% 10,000 80% 14% 17% 20% 8,000 70% 26% 60% 6,000 50% 4,000 40% 77% 74% 2,000 70% 65% 30% 57% 0 20% 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 IP 882 838 1,062 1,343 1,402 10% NRE 1,369 1,065 1,410 1,720 1,725
Slide 10: NRE/MP Breakdown by Application
NRE/MP Breakdown by Application NRE MP 100% 100% 10% 10% 10% 10% 7% 10% 8% 7% 13% 11% 90% 90% 80% 19% 20% 80% 31% 31% 34% 34% 38% 70% 41% 70% 43% 60% 57% 60% 25% 50% 40% 50% 40% 40% 24% 48% 18% 47% 45% 53% 30% 30% 49% 13% 45% 20% 20% 30% 26% 25% 10% 10% 20% 14% 11% 9% 8% 6% 0% 0% 4Q22 1Q23 2Q23 3Q23
Slide 11: NRE/MP Breakdown by Application
NRE/MP Breakdown by Application NRE MP 100% 2% 100% 2% 1% 6% 10% 8% 13% 11% 13% 5% 11% 14% 90% 90% 23% 22% 80% 80% 22% 33% 26% 34% 70% 34% 35% 70% 30% 38% 60% 60% 32% 33% 16% 50% 22% 50% 13% 27% 40% 40% 30% 34% 49% 30% 26% 30% 39% 33% 49% 20% 39% 41% 20% 29% 24% 10% 21% 10% 19% 11% 10% 10% 0% 0% 201
Slide 12: NRE/MP Breakdown by Technology
NRE/MP Breakdown by Technology NRE MP 100% 2% 1% 1% 1% 100% 1% 1% 1% 9% 13% 9% 12% 10% 90% 90% 25% 27% 15% 30% 36% 11% 10% 15% 80% 39% 80% 20% 70% 70% 16% 21% 60% 60% 19% 45% 36% 47% 50% 37% 46% 50% 35% 40% 39% 40% 30% 60% 30% 54% 50% 20% 20% 28% 15% 15% 20% 32% 11% 29% 10% 10% 11% 13% 13% 11% 8% 0%
Slide 13: NRE/MP Breakdown by Technology
NRE/MP Breakdown by Technology NRE MP 100% 100% 2% 2% 1% 4% 4% 4% 6% 6% 11% 11% 90% 90% 14% 9% 8% 27% 26% 32% 11% 13% 80% 80% 23% 70% 70% 51% 26% 61% 38% 41% 26% 60% 60% 50% 39% 50% 43% 39% 40% 40% 30% 63% 30% 30% 52% 50% 44% 44% 23% 23% 20% 20% 17% 25% 10% 10% 13% 10% 10% 11% 0% 0% 2% 2% 3% 2019 20
Slide 14: Confidential information and Legal notice
• Confidential information The material is being disclosed to you pursuant to a non-disclosure agreement between you or your employer and Faraday. Information disclosed in this presentation may be used only as permitted under such an agreement. • Legal notice The information contained in this presen
Slide 15: www.faraday-tech.com [email protected]
www.faraday-tech.com [email protected] 15