Faraday Technology Corp. · TWSE:3035
Faraday Technology — Q4 2022 Earnings Presentation
17 slides from Faraday Technology's earnings presentation, Feb 21, 2023
Slide 1: 2022 4Q Investor Conference
2022 4Q Investor Conference Feb. 21, 2023 Confidential
Slide 2: Agenda
Agenda • 4Q22 Financial Results • Business Update Confidential 2
Slide 3: 4Q22 Financial Results
4Q22 Financial Results 3
Slide 4: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$ Million 4Q22 3Q22 4Q21 QoQ % YoY % Revenues 3,250 3,244 2,645 0.2% 22.9% IP 352 380 267 -7.4% 32.1% NRE 447 420 367 6.5% 21.6% MP 2,451 2,444 2,011 0.3% 21.9% Gross Profit 1,547 1,576 1,358 -1.9% 13.9% Operating Expenses (895) (866) (765) 3.4% 17.0% Opera
Slide 5: Statements of Comprehensive Income
Statements of Comprehensive Income Unit: NT$ Million 2022 2021 YoY % Revenues 13,065 8,085 61.6% IP 1,343 1,062 26.4% NRE 1,720 1,410 22.0% MP 10,002 5,613 78.2% Gross Profit 6,375 4,090 55.9% Operating Expenses (3,454) (2,688) 28.5% Operating Income 2,921 1,402 108.4% Non-operating Items 136 100 35
Slide 6: Condensed Balance Sheet
Condensed Balance Sheet Unit: NT$ Million 2022/12/31 2021/12/31 Cash and Cash Equivalents 4,873 4,763 Notes and Accounts Receivable 1,354 939 Inventories 3,017 1,321 Total Assets 13,513 12,036 Notes and Accounts Payable 1,129 1,372 Current Liabilities 4,156 3,506 Total Liabilities 4,544 3,881 Stockh
Slide 7: Business Update
Business Update 7
Slide 8: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method NT$ M 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 4Q21 4Q21 1Q22 2Q22 3Q22 3Q22 3Q222 4Q22 IP 267 292 318 380 352 NRE 367 412 442 420 447 MP 2,011 2,503 2,605 2,444 2,451 Total 2,645 3,207 3,365 3,244 3,250 Confidential 8
Slide 9: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method 100% 10% 9% 10% 12% 11% 90% 14% 13% 13% 13% 14% 80% 70% 60% 50% 40% 78% 77% 76% 75% 75% 30% 20% 10% 0% 4Q21 1Q22 2Q22 3Q22 4Q22 MP NRE IP Confidential 9
Slide 10: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method NT$ M 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 IP 782 882 838 1,062 1,343 NRE 1,292 1,369 1,065 1,410 1,720 MP 2,831 3,055 3,592 5,613 10,002 Total 4,905 5,306 5,495 8,085 13,065 Confidential 10
Slide 11: Sales Breakdown by Billing Method
Sales Breakdown by Billing Method 100% 13% 10% 16% 17% 15% 90% 13% 80% 17% 20% 70% 26% 26% 60% 50% 40% 77% 70% 65% 30% 58% 57% 20% 10% 0% 2018 2019 2020 2021 2022 MP NRE IP Confidential 11
Slide 12: NRE/MP Breakdown by Application
NRE/MP Breakdown by Application NRE MP 100% 100% 6% 15% 13% 11% 13% 13% 12% 10% 90% 90% 20% 17% 7% 80% 80% 15% 40% 15% 34% 70% 70% 35% 43% 41% 14% 51% 40% 60% 60% 40% 50% 50% 13% 40% 40% 7% 18% 40% 47% 30% 65% 30% 56% 33% 36% 34% 20% 41% 20% 31% 26% 10% 10% 10% 10% 13% 9% 6% 0% 0% 4Q21 1Q22 2Q22 3Q2
Slide 13: NRE/MP Breakdown by Application
NRE/MP Breakdown by Application NRE MP 100% 2% 100% 4% 2% 1% 6% 11% 5% 11% 13% 14% 13% 90% 90% 22% 23% 26% 17% 80% 80% 26% 22% 70% 6% 34% 35% 70% 15% 30% 38% 60% 60% 32% 33% 22% 16% 50% 22% 50% 13% 37% 40% 40% 30% 34% 28% 30% 26% 30% 33% 39% 49% 20% 39% 41% 20% 27% 24% 10% 18% 21% 10% 19% 11% 10% 0%
Slide 14: NRE/MP Breakdown by Technology
NRE/MP Breakdown by Technology NRE MP 100% 2% 2% 2% 2% 2% 100% 1.0% 1.0% 6% 2% 6% 9% 14% 18% 90% 90% 10% 26% 25% 25% 26% 15% 30% 80% 8% 80% 39% 14% 70% 70% 11% 29% 7% 60% 60% 47% 41% 41% 37% 50% 50% 47% 37% 40% 40% 66% 30% 30% 61% 54% 53% 23% 20% 20% 25% 23% 20% 29% 21% 10% 10% 9% 12% 11% 4% 7% 0% 0
Slide 15: NRE/MP Breakdown by Technology
NRE/MP Breakdown by Technology NRE MP 100% 2% 2% 100% 8% 4% 4% 5% 4% 6% 6% 11% 90% 90% 11% 14% 8% 9% 27% 26% 11% 80% 80% 23% 70% 70% 51% 34% 26% 56% 61% 38% 41% 60% 60% 39% 50% 50% 43% 40% 40% 30% 63% 30% 30% 50% 52% 19% 44% 44% 23% 23% 20% 20% 25% 10% 10% 13% 13% 10% 10% 0% 0% 4% 2% 2% 3% 2018 2019
Slide 16: Confidential information / 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 17: www.faraday-tech.com [email protected]
www.faraday-tech.com [email protected] 17