ASE Technology Holding Co., Ltd. · TWSE:3711

ASE Technology — Advanced Semiconductor Engineering — Q4 2005 Earnings Presentation

18 slides from ASE Technology's earnings presentation, Feb 8, 2006

  1. Slide 1: ASE Inc. 2005 Q4 Earnings Release

    ASE Inc. 2005 Q4 Earnings Release Presented by Advanced Semiconductor Engineering, Inc. 2/8/2006

  2. Slide 2: Safe Harbor Notice

    Safe Harbor Notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regardin

  3. Slide 3: Consolidated Income Statement: 2005 Q4 Sequential Comparison

    Consolidated Income Statement 2005 Q4 Sequential Comparison Sequential (NT$ Million except EPS) 2005 Q4 % 2005 Q3 % Change Net Revenues: IC Packaging 18,730 70.9% 15,265 70.0% 23% Testing 5,267 19.9% 4,410 20.2% 19% Module Assembly 2,054 7.8% 1,895 8.7% 8% Others 353 1.3% 252 1.2% 40% Total Net Reve

  4. Slide 4: Consolidated Income Statement: 2005 Q4 YoY Comparison

    Consolidated Income Statement 2005 Q4 YoY Comparison YoY (NT$ Million except EPS) 2005 Q4 % 2004 Q4 % Change Net Revenues: IC Packaging 18,730 70.9% 14,695 70.8% 27% Testing 5,267 19.9% 4,357 21.0% 21% Module Assembly 2,054 7.8% 1,497 7.2% 37% Others 353 1.3% 211 1.0% 67% Total Net Revenues 26,404 1

  5. Slide 5: Consolidated Income Statement: 2005 Full Year YoY Comparison

    Consolidated Income Statement 2005 Full Year YoY Comparison YoY (NT$ Million except EPS) 2005 FY % 2004 FY % Change Net Revenues: IC Packaging 59,443 70.7% 53,545 71.2% 11% Testing 17,122 20.4% 16,474 21.9% 4% Module Assembly 6,580 7.8% 4,717 6.3% 39% Others 891 1.1% 502 0.7% 77% Total Net Revenues

  6. Slide 6: Consolidated Revenue & Margin Trend

    Consolidated Revenue & Margin Trend NT$ Million 30,000 30% 26,404 24.8% 21,822 18.7% 20% 16.0% 20,000 17,823 17,988 11.4% 10.2% 9.0% 10% 10,000 -1.2% -1.0% 6,535 0% 4,087 4,237 1,821 2,055 1,954 0 -10% Q1/05 Q2/05 Q3/05 Q4/05 Revenue Gross Profit Operating Profit Gross Margin Operating Margin 6

  7. Slide 7: IC Packaging Operations

    IC Packaging Operations NT$ Million 20,000 18,730 30% 15,266 15,000 21.1% 12,755 12,693 20% 16.2% 10,000 10.3% 10.7% 10% 5,000 3,945 2,479 1,315 1,352 0 0% Q1/05 Q2/05 Q3/05 Q4/05 Revenue Gross Profit Gross Margin 7

  8. Slide 8: IC Packaging Operations: Package Revenue Breakdown

    IC Packaging Operations Package Revenue Breakdown NT$ Million 20,000 18,730 4% 15,266 6% 15,000 5% 12,755 12,693 8% 4% 5% 8% 8% 10,000 90% 87% 88% 87% 5,000 0 Q1/05 Q2/05 Q3/05 Q4/05 Others Traditional Leadframe Based Packages Advanced Substrate & Leadframe Based Packages 8

  9. Slide 9: Testing Operations

    Testing Operations NT$ Million 6,000 50% 5,267 40.3% 4,410 40% 4,000 3,693 3,752 29.8% 30% 16.4% 2,124 20% 2,000 10.2% 1,313 10% 615 378 0 0% Q1/05 Q2/05 Q3/05 Q4/05 Revenue Gross Profit Gross Margin 9

  10. Slide 10: Testing Operations: Test Revenue Breakdown

    Testing Operations Test Revenue Breakdown NT$ Million 6,000 5,267 3% 4,410 17% 3,693 3,752 3% 4,000 4% 16% 5% 17% 16% 80% 2,000 81% 78% 80% 0 Q1/05 Q2/05 Q3/05 Q4/05 Final Test Wafer Sort Engineering Test 10

  11. Slide 11: Module Assembly Operations

    Module Assembly Operations NT$ Million 3,000 20% 18.3% 17.4% 2,054 2,000 12.4% 1,895 11.9% 1,452 10% 1,179 1,000 329 377 140 179 0 0% Q1/05 Q2/05 Q3/05 Q4/05 Revenue Gross Profit Gross Margin 11

  12. Slide 12: Material Operations

    Material Operations NT$ Million 2,500 30% 2,201 25.0% 2,000 207 20% 1,583 1,500 140 1,366 1,109 179 10% 6.1% 165 1,994 1,000 1,443 -0.3% 550 0% 944 1,187 500 -11.6% 83 -10% 0 -4 Q1/05 Q2/05 Q3/05 Q4/05 -128 -500 -20% Leadframe Revenue Gross Profit Substrate Revenue Gross Margin 12

  13. Slide 13: Selective Balance Sheet Information

    Selective Balance Sheet Information (NT$ Million) Dec. 31, 2005 Sep. 30, 2005 Change Cash and Cash Equivalent 13,345 9,988 33.6% Short-term Investments 4,353 3,514 23.9% Long-term Investments 4,825 4,802 0.5% Total Assets 131,515 130,377 0.9% ST Bank Debt - Revolving Credit 5,085 6,400 -20.5% - Curr

  14. Slide 14: Capital Expenditure v.s. EBITDA

    Capital Expenditure v.s. EBITDA 2005 Full Year Capex: US$262 millions US$ Million 250 232 200 183 150 125 113 * 100 87 61 48 50 40 0 Q1/05 Q2/05 Q3/05 Q4/05 Capex EBITDA *: EBITDA number has been adjusted for fire loss 14

  15. Slide 15: Top Ten Customers

    Top Ten Customers 2005 Q4 ASE Group ATI CAMBRIDGE FREESCALE IEE MICROSOFT NEC QUALCOMM RFMD SIS VIA Top 5 30% of Total Sales Top 10 46% of Total Sales 15

  16. Slide 16: Market Segment Exposure

    Market Segment Exposure 2005 Q4 2005 Q3 Others Others 3% Communications Automotive & 3% Automotive & Consumers Communications 35% Consumers 31% 36% 35% Computing Computing 27% 30% 16

  17. Slide 17: Guidance for 2006 Q1

    Guidance for 2006 Q1 > Sequential revenue decline: high single digit % > Gross margin: slightly down sequentially > 2006 full year Capex: US$350 million >IC packaging: US$100 million >IC testing: US$50 million >Substrate: US$200 million 17

  18. Slide 18: For more information regarding ASE Group

    For more information regarding ASE Group http://www.aseglobal.com For all inquiries, suggestion, and comments [email protected] 18

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