Amkor Technology, Inc. · NASDAQ:AMKR

Amkor Technology — Investor Presentation (April 2015)

16 slides from Amkor Technology's investor presentation, April 2015

  1. Slide 1: Amkor Technology, Inc. Financial Information

    Reliability and Trust Amkor Technology, Inc. Financial Information APRIL 2015

  2. Slide 2: Disclaimer

    Disclaimer Forward-Looking Statement Disclaimer All information and other statements contained in this presentation, other than statements of historical fact, constitute forward-looking statements within the meaning of federal securities laws. These forward-looking statements involve a number of ris

  3. Slide 3: 1Q15 and 2Q15 Summary

    1Q15 and 2Q15 Summary 2Q 2015 Guidance (In Millions, Except per Share Data) (As of April 27, 2015)(1) 1Q 2015 4Q 2014 1Q 2014 Net Sales $750 $743 $853 $696 Gross Margin 17.5% 18.2% 14.1% 18.5% Net Income $23.5 $29 $13 $21 Earnings per Diluted Share $0.10 $0.12 $0.06 $0.09 EBITDA(2) – $184 $175 $159

  4. Slide 4: LTM 1Q15 Highlights

    LTM 1Q15 Highlights $ in Billions Net Sales Non-GAAP Gross Margin(4) Non-GAAP Diluted EPS(4) +7.4% +63% +80 bps $0.91 $3.18 20.0% 19.2% ds $2.96 $0.56 LTM 1Q14 LTM 1Q15 LTM 1Q14 LTM 1Q15 LTM 1Q14 LTM 1Q15 (4): SEE NOTE ON PAGE 12 4

  5. Slide 5: LTM 1Q15 End Market Distribution

    LTM 1Q15 End Market Distribution 56% 13% 11% 11% COMMUNICATIONS Smartphone Tablet Handheld Device CONSUMER AUTOMOTIVE, INDUSTRIAL NETWORKING 9% COMPUTING Television Set Top Box Infotainment Server PC / Laptop Gaming Safety Router Hard Disk Drive Performance Switch Peripherals 5

  6. Slide 6: Profitability Trends

    Profitability Trends Revenue, Gross Profit and Gross Margin $ in Millions $3,500 25% $3,129 $3,176 $2,956 20% 20% $3,000 $2,760 19% 20% 17% $2,500 18% 18% 18% 15% $2,000 15% $1,500 10% $1,000 $545 $553 $559 5% $424 $500 $0 0% 2012 2013 2014 LTM 1Q15 (4) Revenue Gross Profit Gross Margin % Non-GAAP G

  7. Slide 7: EPS Trends: Recent Earnings Momentum

    EPS Trends: Recent Earnings Momentum Earnings per Diluted Share $0.91(4) $0.88(4) REVENUE GROWTH and $0.54(4) HIGHER $0.45(4) MARGINS 2012 2013 2014 LTM 1Q15 (4): NON-GAAP EARNINGS PER DILUTED SHARE. SEE NOTE ON PAGE 12 7

  8. Slide 8: Free Cash Flow and EBITDA

    Free Cash Flow and EBITDA Free Cash Flow(3) EBITDA(2) $ in Millions $ in Millions $764 $739 ($9) $648 ($44) $527 ($67) ($144) 2012 2013 2014 LTM 1Q15 2012 2013 2014 LTM 1Q15 2012 includes $50 million, 2013 includes $10 million, 2014 and LTM 1Q15 includes $75 million for litigation settlement charges

  9. Slide 9: Capital Expenditures and Capital Intensity

    Capital Expenditures and Capital Intensity Capital Intensity(5) $ in Millions EXPECT 22% 2015 CAPITAL $800 22% EXPENDITURES(1) 19% 19% 20% OF AROUND $450M $700 $38 18% $600 16% $500 $106 $150 14% 12% $400 10% $300 $643 8% $534 $461 $450 $200 6% EXPECT 2015 4% K5 SPENDING(1) $100 2% OF AROUND $0 2012

  10. Slide 10: Credit Profile

    Credit Profile Total Debt and Cash Debt/EBITDA(2) $ in Millions $ in Millions $1,653 $1,545 $1,531 2.9 $1,526 2.5 2.1 2.0 $610 $450 $494 $413 2012 2013 2014 LTM 1Q15 2012 2013 2014 LTM 1Q15 Total Debt Cash Debt/Adjusted EBITDA, excluding litigation settlement charges 2012 - 2.7x, 2013 - 2.5x, 2014 -

  11. Slide 11: Debt Maturities

    Debt Maturities Debt Maturities $525 $ in Millions NO SIGNIFICANT DEBT MATURITIES UNTIL $345 $400 2018 $100 $0 $80 $70 $0 $450M IN AVAILABLE CREDIT LINES 2015 2016 2017 2018 2019 2020 2021 2022 Term Loans and Other Senior Notes 11

  12. Slide 12: Endnotes

    Endnotes (1) This financial guidance is from our April 27, 2015 earnings release and is reproduced here for convenience of reference only. This reference is not intended, and should not be relied upon, as a reaffirmation or other commentary with respect to such financial guidance. Please see page 2.

  13. Slide 13: Financial Reconciliation Tables

    Financial Reconciliation Tables ($ in Millions) LTM 1Q15 2014 2013 2012 1Q15 4Q14 1Q14 Net Cash Provided by Operating Activities $647 $614 $558 $389 $165 $208 $132 Less: Payments for Property, Plant and Equipment (691) (681) (567) (534) (106) (239) (96) Free Cash Flow* ($44) ($67) ($9) ($144) $59 ($

  14. Slide 14: Financial Reconciliation Tables

    Financial Reconciliation Tables We define free cash flow as net cash provided by operating activities less payments for property, plant and equipment. Free cash flow is not defined by U.S. generally accepted accounting principles ("U.S. GAAP"). We believe free cash flow to be relevant and useful inf

  15. Slide 15: Financial Reconciliation Tables

    Financial Reconciliation Tables In the presentation we provide non-GAAP LTM 1Q15 LTM 1Q14 2014 2013 2012 gross margin, non-GAAP earnings per diluted share and adjusted EBITDA for the twelve months ended March 31, 2015 and Gross Margin 17.6% 18.8% 17.7% 18.4% 15.4% March 31, 2014, and for the years e

  16. Slide 16: Reliability and Trust

    Reliability and Trust These Chinese characters symbolize “reliability and trust” – the lifelong values of our late Honorary Chairman, Hyang-Soo Kim, the founder of Amkor. They illustrate his strong passion for, and dedication to, the highest standards of integrity, respect and fair dealing.

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