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NTC Interim / Quarterly Report 2014

Aug 1, 2014

52438_rns_2014-08-01_80d426c7-6f48-4eff-9fb9-6c76c2db31cc.pdf

Interim / Quarterly Report

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Nuvoton Technology Corporation

2Q14 Investor Conference August 1, 2014

Safe Harbor Notice

  • We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projects are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.

  • We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future event or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

  • The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

Agenda

  • Nuvoton Financial Results

  • Nuvoton Business Update & Outlook

  • Q&A

Nuvoton Financial Results

  • Nuvoton Consolidated Statement of Comprehensive Income

  • Nuvoton Consolidated Balance Sheet

  • Nuvoton Consolidated Statement of Cash Flows

  • Nuvoton Revenue and GM Trend- Consolidated

Nuvoton Consolidated Statement of Comprehensive Income

Selected Items from Statement of Comprehensive Income.

p .
Unit: NT$ M 2Q14 1Q14 2Q13 QoQ change YoY change
Amount % Amount % Amount % Amount % Amount %
Net Revenue 1,894 100
1,618
100
1,901
100 276
17
(7)
(0)
Gross Profit 829 44
692
43
803
42 136
20
26
3
Operating Income
155
8
51
3
176
9 104
204
(22) (12)
Net Non-
Operating Income

54
3
9
1
38
2 44
473
16
42
Income before
Income Tax
208 11
60
4
214
11 148
246
(6)
(3)
Net Income 180 10
44
3
115
6 136
308
66
57
EPS (NTD) 0.87 0.21 0.55

Note: Weighted average outstanding shares were 207.5M units in 2Q14.

Nuvoton Consolidated Balance Sheet

Selected Items from Balance Sheet.

Unit: NT$ M
June 30 ’14
Amount
%
Mar 31 ’14
Amount
%
Selected Items from Balance Sheet.
QoQ change
Amount
%
Cash & Cash Equivalents
1,758
35
1,797
36
Accounts Receivable
914
18
776
15
Inventories
837
16
848
17
Long-Term Investments
405
8
408
8
Property, Plant and
Equipment
527
8
542
11
Total Assets
5,101
100
5,025
100
(39)
(2)
138
18
(11)
(1)
(3)
(1)
(15)
(3)
76
2
Current Liabilities
1,740
34
1,590
32
Non-Current Liabilities
576
11
566
11
Total Liabilities
2,316
45
2,156
43
150
9
10
2
160
7
Total Equity
2,785
55
2,869
57
(84)
(3)
Nuvoton Consolidated Statement of Nuvoton Consolidated Statement of Nuvoton Consolidated Statement of Cash Flows Cash Flows
Unit: NT$ M 2Q14 1Q14 QoQ change
Amount Amount Amount
Cash Flows from Operating Activities 124 326 (202)
Cash Flows from Investing Activities (151) (85) (66)
Cash Flows from Financing Activities 0 (179) 179
Cash & Cash Equivalents 1,758 1,797 (39)

Nuvoton Revenue and GM Trend- Consolidated

Revenue (NT$ M)

Gross Margin Rate

Revenue Gross Profit GM%

Nuvoton Business Update &Outlook

  • Nuvoton 2Q14 Business Update

  • • Nuvoton 3Q14 Business Outlook

Nuvoton 2Q14 Business Update

Net Revenue: +17.1% QoQ / -0.4% YoY

  • Key Reasons for QoQ Increase

  • Traditional High Season for Consumer and Foundry Business

  • − 32-bit MCU Applications and Audio Enhancement Growing

  • Key Reasons for Flat YoY

  • PC Demands Stronger Than Expectation

  • 2Q14 Major New Products

  • The First ARM[®] Cortex[® ] - M4 32-bit MCU Shipment

  • ARM[®] Cortex[® ] - M0 32-bit MCU for Low Power Application

  • New Power IC and New SIO for Intel[®] 9-Series Chipset

Note: All trademarks and copyrights mentioned herein are the property of their respective owners.

Nuvoton 3Q14 Business Outlook

  • 3Q14 Business Outlook

  • New Intel[®] NB and Server Platform Launch and Back to School Demand

  • Audio Related IC Demands Upside

  • 3Q14 Major New Products

  • ARM[®] Cortex[® ] - M4 32-bit MCU Promotion

  • New ARM[®] Cortex[® ] - M0 based Audio SoC

  • A Series of New IC for Intel[®] Next Generation Platform SkyLake

  • − ARM[®] 9 Video SoC for IP CAM

Note: All trademarks and copyrights mentioned herein are the property of their respective owners.

Questions & Answers

• Company website Nuvoton: www.nuvoton.com