Amkor Technology, Inc. · NASDAQ:AMKR
Amkor Technology — Investor Presentation (October 2016)
17 slides from Amkor Technology's investor presentation, October 2016
Slide 1: Amkor Technology, Inc. Financial Information
Amkor Technology, Inc. Financial Information October 2016 1
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
Slide 3: 3Q16 and 4Q16 Summary
3Q16 and 4Q16 Summary 4Q 2016 Guidance (In Millions, Except per Share Data) As of October 31, 2016(3) 3Q 2016 2Q 2016 3Q 2015 Net Sales $990 - $1,070 $1,086 $917 $734 Gross Margin 19% - 23% 19.7% 14.3% 17.2% Net Income (Loss) $46 – $82 $60 $5 $28 Earnings per Diluted Share $0.19 – $0.34 $0.25 $0.02
Slide 4: End Markets: LTM 3Q16
End Markets: LTM 3Q16 AUTOMOTIVE 44% Infotainment Safety Performance 25% 6% CONSUMER 15% Television Set-top box Personal electronics COMMUNICATIONS Smartphone Tablet COMPUTING PC/Laptop 10% NETWORKING Server Handheld device Hard disk drive Router Peripherals Switch Note: Includes J-Devices informati
Slide 5: Profitability Trends
Profitability Trends Revenue, Gross Profit and Gross Margin $ in Millions $4,000 25% $3,543 $3,500 20% 19% $3,129 $2,956 $2,885 20% $3,000 $2,500 18% 18% 17% 16% 15% $2,000 $1,500 10% $1,000 $545 $553 $479 $571 5% $500 $0 0% 2013 2014 2015 LTM 3Q16* (1) (4) Revenue Gross Profit Gross Margin % Non-GA
Slide 6: EPS Trends
EPS Trends Non-GAAP Earnings per Diluted Share(4) $0.81 $0.54 $0.32 $0.28 2013 2014 2015 LTM 3Q16* (4): See note on page 17 * LTM 3Q16 includes consolidated results of J-Devices only for the nine months of 2016 6
Slide 7: Free Cash Flow and EBITDA
Free Cash Flow and EBITDA Combined Free Cash Flow(2) EBITDA(1) Adjusted $ in Millions $ in Millions EBITDA(7) $54 $739 $739 $703 $647 $659 $19 ($5) ($63) 2013 2014 2015 LTM 3Q16* 2013 2014 2015 LTM 3Q16* LTM 3Q16 (1), (2) and (7): See notes on page 17 * LTM 3Q16 includes consolidated results of J-De
Slide 8: Capital Expenditures and Capital Intensity
Capital Expenditures and Capital Intensity $ in Millions 22% Expect 2016 Capital $800 22% Expenditures(3) 19% 19% 20% $700 of Around $38 18% $600 $500 $106 $170 16% 14% $650M $154 12% $400 10% $300 $643 8% $461 $480 6% $200 $384 Expect 2016 4% K5 Spending (3) $100 of Around 2% $0 0% 2013 2014 2015 2
Slide 9: Credit Profile
Credit Profile Total Debt and Cash Debt/EBITDA(1) Debt/ $ in Millions Combined Adjusted 2.6 $1,653 EBITDA(6) $1,587 $1,579 2.4 $1,531 2.2 2.1 2.1 $610 $523 $550 $450 2013 2014 2015 LTM 3Q16* 2013 2014 2015 LTM 3Q16* LTM 3Q16 Total Debt Cash (1) and (6): See note on page 17 * LTM 3Q16 includes consol
Slide 10: Debt Maturities
Debt Maturities Maturity Profile as of September 30, 2016 $ in Millions $525 $400 $550M Cash $250 $245 $128 $19 $16 $296M 2016 2017 2018 2019 2020 2021 2022 In Available Credit Lines Term Loans and Other Senior Notes 10
Slide 11: J-Devices Supplemental Disclosure
J-Devices Supplemental Disclosure $ in Millions 2015 2014 1Q 2Q 3Q 4Q FY 1Q 2Q 3Q 4Q FY Revenue $208 $212 $197 $196 $813 $227 $234 $247 $215 $923 Gross Profit $29 $33 $18 $25 $105 $32 $41 $26 $24 $123 Operating Income $14 $17 $3 $9 $43 $16 $26 $9 $6 $57 Net Income* $6 $8 $2 $5 $21 $9 $33 $4 $3 $49 G
Slide 12: Revision to Previously Reported Financial Information
Revision to Previously Reported Financial Information* $ in Millions 2012 2013 2014 2015 1Q15 2Q15 3Q15 4Q15 Equity in Earnings of J-Devices – As Previously $5.6 $10.3 $31.7 $20.1 $6.2 $7.6 $1.7 $4.6 Reported Adjustments (0.4) (0.9) (0.7) (6.1) (2.2) (2.3) (0.5) (1.2) Equity in Earnings of J-Devices
Slide 13: Financial Reconciliation Tables
Financial Reconciliation Tables LTM $ in Millions 3Q16 2015 2014 2013 3Q16 2Q16 3Q15 Amkor’s Net Income (Loss) $53 $51 $130 $108 $60 $5 $28 Plus: Interest Expense (including Related Party) 81 86 110 106 23 22 19 Plus: Income Tax Expense 30 28 34 23 24 3 17 Plus: Depreciation & Amortization 539 494 4
Slide 14: Financial Reconciliation Tables
Financial Reconciliation Tables LTM 3Q16 2015 2014 2013 3Q16 2Q16 3Q15 Gross Margin 17.7% 18.4% Plus: Litigation settlement charges divided by net sales 2.4% 0.4% Non-GAAP Gross Margin* 20.1% 18.8% Net Income ($ in Millions) $53 $51 $130 $108 $60 $5 $28 Plus: Litigation settlement charges (net of th
Slide 15: Financial Reconciliation Tables
Financial Reconciliation Tables $ in Millions LTM 3Q16(7) 2015 2014 J-Devices’ Net Income $5 $21 $49 Plus: Interest Expense 0 1 2 Plus: Income Tax Expense 4 22 20 Plus: Depreciation & Amortization 18 70 77 J-Devices’ EBITDA* $27 $114 $148 Plus: Amkor Adjusted EBITDA* 717 682 796 Total Amkor Adjusted
Slide 16: Non-GAAP Measures
Non-GAAP Measures Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accord
Slide 17: Endnotes
Endnotes 1) EBITDA is defined as net income before interest expense, income tax expense and depreciation and amortization. Please see reconciliation of non-GAAP measures on page 13. 2) Free cash flow is defined as net cash provided by operating activities less payments for property, plant and equipm
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