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NTC Investor Presentation 2026
52061_rns_2026-05-14_a4c0fb67-863f-40d9-adea-3abb6393e6db.pdf
Investor Presentation
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©2026 Nanya Technology Corporation. All Rights Reserved.
Nanya Technology
Q1 2026
Investor Conference
NANYA
Safe Harbor
The information herein and the presentation made during the conference contain forward-looking statements. Neither Nanya Technology Corp. nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements or undertakes duty to update the statements.
You are urged to review carefully the information provided herein. This information shall not be distributed, reproduced or disclosed in whole or in part without prior written permission of Nanya Technology Corp.
©2026 Nanya Technology Corporation. All Rights Reserved.
NANYA
Q1'26 Financial Results Summary
| Amount in Million NT$, except for EPS & BVPS | Q1'26 | Q4'25 | QoQ | Q1'25 | YoY | |||
|---|---|---|---|---|---|---|---|---|
| Net Sales | 49,087 | 30,094 | 63.1% | 7,188 | 582.9% | |||
| Gross Profit (Loss) Gross Margin (%) | 33,316 | 67.9% | 14,759 | 49.0% | 125.7% | -1,075 | -15.0% | 3200.1% |
| Operating Income (Loss) Operating Margin (%) | 30,111 | 61.3% | 11,781 | 39.1% | 155.6% | -3,155 | -43.9% | 1054.3% |
| EBITDA EBITDA Margin (%) | *33,008 | 67.2% | 14,740 | 49.0% | 123.9% | 797 | 11.1% | 4042.9% |
| Non-operating Income (Expense) | 1,607 | 3.3% | 1,602 | 5.3% | 732 | 10.2% | ||
| Income Tax Benefit (Expense) | -5,660 | -11.5% | -2,291 | -7.6% | 483 | 6.7% | ||
| Net Income (Loss) Net Margin (%) | 26,058 | 53.1% | 11,092 | 36.9% | 134.9% | -1,941 | -27.0% | 1442.8% |
| Earnings Per Share (NT$) | **8.41 | 3.58 | -0.63 | |||||
| Book Value Per Share (NT$) | ***62.25 | 54.99 | 52.89 |
Remark: * EBITDA = Operating income + Depreciation & Amortization Expenses
** EPS is based on weighted average outstanding shares of 3,099M
*** BVPS is calculated based on 3,099M outstanding shares
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Quarterly Revenue Results
| | QoQ
Q1’26 vs. Q4’25 | YoY
Q1’26 vs. Q1’25 |
| --- | --- | --- |
| Revenue | 63.1% | 582.9% |
| ASP | Increased > 70% | Increased >200% |
| Shipment | Decreased mid-single digit% | Increased >100% |
| Exchange Rate | Favorable low-single digit% | Unfavorable mid-single digit% |
©2026 Nanya Technology Corporation. All Rights Reserved.
NANYA
Q1'26 vs. Q4'25 Results Comparison
| Amount in Million NT$ | Q1'26 | Q4'25 | QoQ (PPT Delta) | Remarks | ||
|---|---|---|---|---|---|---|
| Net Sales | 49,087 | 30,094 | 63.1% | ■ ASP increased >70% | ||
| ■ Bit shipment decreased mid-single digit% | ||||||
| ■ FX favorable low-single digit% | ||||||
| Gross Profit (Loss) | ||||||
| Gross Margin (%) | 33,316 | 67.9% | 14,759 | 49.0% | 18.9% | ■ Gross profit increased NT$18.6B, mainly due to higher ASP |
| Operating Expense | 3,205 | 6.5% | 2,979 | 9.9% | -3.4% | ■ Operating expense increased NT$0.2B |
| Operating Income (Loss) | ||||||
| Operating Margin (%) | 30,111 | 61.3% | 11,781 | 39.1% | 22.2% | ■ OP income increased NT$18.3B |
| Net Income (Loss) | ||||||
| Net Margin (%) | 26,058 | 53.1% | 11,092 | 36.9% | 16.2% | ■ Net income increased NT$15.0B |
| • FX: NT$0.2B favorable | ||||||
| • Income tax: NT$3.4B unfavorable |
©2026 Nanya Technology Corporation. All Rights Reserved.
NANJA
Operating Expenses
SG&A Expenses
Amount in Million NT$
Total: 2,700
| 852 | Q4 |
|---|---|
| 674 | Q3 |
| 625 | Q2 |
| 549 | Q1 |
| 2025 |
1,096
2026
R&D Expenses
Amount in Million NT$
Total: 7,041
| 2,127 | Q4 |
|---|---|
| 1,672 | Q3 |
| 1,711 | Q2 |
| 1,531 | Q1 |
| 2025 |
2,109
2026
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NANYA
Cash Flows
| Amount in Million NT$ | Q1'26 | Q4'25 |
|---|---|---|
| Beginning Balance | 58,074 | 52,313 |
| Cash from Operating Activities | 31,549 | 15,505 |
| Capital Expenditures | -2,809 | -2,240 |
| Financial Activities & Others | *-533 | -7,504 |
| Ending Balance | **86,281 | 58,074 |
| Free Cash Flow (Note) | 28,740 | 13,265 |
(Note) Free Cash Flow = Cash from operating activities – Capital expenditures
2026 Q1 Cash Flow
Amount in Million NT$
Jan. 1, 2026
Beginning Balance
Mar. 31, 2026
Ending Balance
- (1) Debt repayment NT$ 1.5B; (2) Favorable FX change on cash and cash equivalents of NT$ 1.0B
** (1) Q1'26 net cash and equivalents NT$ 68.5B = Cash and equivalents NT$ 86.3B - L/T debt NT$ 17.8B; NT$ 68.5B net cash excludes NT$ 78.7B private placement completed in April, 2026
(2) Q4'25 net cash and equivalents NT$ 38.8B
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NANYA
Sustained Profitability Over 13 years
★ Accumulated profit of NT$ 232 billion for over 13 years (as of Q1'26)
★ Expected to self-fund for new fab construction
| Unit: NT$ billion | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Q1'26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 8.1 | 28.2 | 17.1 | 23.7 | 40.3 | 39.4 | 9.8 | 7.7 | 22.8 | 14.6 | -7.4 | -5.1 | 6.6 | 26.1 |
| Net Cash | -71.3 | -48.6 | -41.7 | -26.6 | 30.5 | 57.4 | 44.1 | 51.7 | 80.7 | 73.6 | 47.6 | 36.6 | 38.8 | 68.5 |
©2026 Nanya Technology Corporation. All Rights Reserved.
NANYA
CAPEX & Bit Shipment
Amount in Billion NT$
Capital Expenditure (CAPEX)
- Q1'26 CAPEX was NT$2.8B
- Y2026 CAPEX up to NT$52B (Note), WFE CAPEX to account ~30%
Bit Shipment
- Q1'26 bit shipment down mid-single digit% QoQ
- Healthy inventory level
- Y2026 bit shipment target up teens% YoY
Note: Approved by the Board on March 4, 2026
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NANYA
DRAM Market Outlook (Q2'26)
Market
- AI-driven CSP capex support strong cloud DRAM demand (HBM/ RDIMM/ LPDDR5)
- Constrained DDR5, DDR4, LPDDR4 and DDR3 supply leads to legacy DRAM EOL
- Training and inference may trigger more customized edge AI applications
Supply
- In 2026, marginal new capacity introduced by industry, focus more on high-end CSP and value-added demand
Demand
- AI driven:
- HBM, high-density DDR5 and LPDDR5 lead overall DRAM demand
- Strong DDR4, LPDDR4 and DDR5 demand for high-end e-SSD, BMC, NICs
- Conventional:
- High-end PC and mobile demand for DDR5 and LPDDR5 remains consistent
- Others:
- Strong consumer demand for big-ticket items; small-ticket items demand slowing down
- Overall demand:
- remain strong, healthy, and sustainable
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NANYA
Private Placement Update
- Four major customers participating NTC’s private placement
(MOPS announcement on March 25, 2026) - Total proceeds of NT$ 78.72 billion;
10.19% ownership after private placement
(MOPS announcement on April 8, 2026) - Supply agreements include stable supply of multiple product mix
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Why Private Placement
- Strengthen NTC and customers partnership
- Build up win-win position in AI/CSP supply chain (e-SSD, Networking)
- Cash injection to the new fab, enhancing DRAM supply
- Position NTC in AI value chain
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NANYA
Financial Update & Outlook
- 2025 profit of NT$ 6.61 billion, EPS NT$ 2.13;
- BoD approved a dividend distribution of NT$ 4.65 billion;
- Approx. NT$ 1.35 per share (3.45 billion shares outstanding, post private placement)
- Q1'26 profit of NT$ 26.06 billion, EPS NT$ 8.41
- Q1'26 gross margin 67.9%, net margin 53.1%
- Q2'26 expected to further improve beyond Q1'26
- High gross margin sustainable in next few quarters
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Operation Update & Outlook
- DDR5 contributes 10% revenue, flexible to increase if needed
- DDR4/LPDDR4 serving industry-wide supply gap
- Customized AI UWIO memory contributing initial revenue
- New fab construction on schedule, target equipment move-in in Q1'27
- 1C/1D/EUV development on schedule
- ESG recognition:
- Selected as the Top 100 Innovator by Clarivate for the fourth consecutive year
©2026 Nanya Technology Corporation. All Rights Reserved.
©2026 Nanya Technology Corporation. All Rights Reserved.
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Thanks & Questions
15
NANYA
Q1'26 Consolidated Income Statement
| Amount in Million NT$, except for EPS & BVPS | Q1'26 | Q4'25 | QoQ | Q1'25 | YoY | |||
|---|---|---|---|---|---|---|---|---|
| Net Sales | 49,087 | 30,094 | 63.1% | 7,188 | 582.9% | |||
| Cost of Goods Sold | 15,771 | 32.1% | 15,334 | 51.0% | 8,263 | 115.0% | ||
| Gross Profit (Loss) | 33,316 | 67.9% | 14,759 | 49.0% | 125.7% | -1,075 | -15.0% | 3200.1% |
| SG&A Expenses | 1,096 | 2.2% | 852 | 2.8% | 549 | 7.6% | ||
| R&D Expenses | 2,109 | 4.3% | 2,127 | 7.1% | 1,531 | 21.3% | ||
| Operating Income (Loss) | 30,111 | 61.3% | 11,781 | 39.1% | 155.6% | -3,155 | -43.9% | 1054.3% |
| Non-operating Income (Expense) | 1,607 | 3.3% | 1,602 | 5.3% | 732 | 10.2% | ||
| Income before Tax (Loss) | 31,718 | 64.6% | 13,383 | 44.5% | 137.0% | -2,423 | -33.7% | 1408.8% |
| Income Tax Benefit (Expense) | -5,660 | -11.5% | -2,291 | -7.6% | 483 | 6.7% | ||
| Net Income (Loss) | 26,058 | 53.1% | 11,092 | 36.9% | 134.9% | -1,941 | -27.0% | 1442.8% |
| Earnings Per Share (NT$) | 8.41 | 3.58 | -0.63 | |||||
| Book Value Per Share (NT$) | 62.25 | 54.99 | 52.89 |
©2026 Nanya Technology Corporation. All Rights Reserved.