新闻稿

First Quarter Highlights

• First quarter net sales $1.15billion，同比增长29%
• Operating income $84 million,operating margin 7.3%
• 净利润增长 $64 million,earnings per diluted share $0.26
• 息税折旧摊销前利润 2.1亿美元

TEMPE, Ariz.--（商报讯）2020年4月27日-- 艾克尔Technology, Inc.(NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the first quarter ended March 31, 2020。

“First quarter revenue grew almost 30% year-on-year, driven by strength in the communications and consumer markets,” said Steve Kelley,艾克尔’s president and chief executive officer. “Our factory team executed remarkably well in a challenging environment.”

Results		2020年第一季度		Q4 2019		Q1 2019
		（百万美元，每股数据除外）
Net sales		$1,153		$1,178		$895
Gross margin		16.4%		18.9%		13.5%
Operating income		$84		$118		$13
Operating margin		7.3%		10.0%		1.5%
归属于 艾克尔(1)		$64		$99		( $23)
Earnings per diluted share (1)		$0.26		$0.41		( $0.10)
息税折旧摊销前利润（2）		$210		$244		$153
（1） 2019年第4季度净收入包括 $4 milliondiscrete income tax benefit, or $0.01per diluted share, primarily related to changes in the valuation of certain deferred tax assets. Q1 2019 net income includes a 1500万美元non-cash discrete income tax charge, or $0.06per diluted share, to reduce the value of certain deferred tax assets.
(2) EBITDA is a non-GAAP measure. The reconciliation to the comparable GAAP measure is included below under “Selected Operating Data.”

“Strong year over year revenue growth drove profitability well above year-ago levels,” said 梅根浮士德Amkor执行副总裁兼首席财务官。“我们将继续进行战略投资，以支持目标市场的增长，同时对可自由支配支出保持谨慎。”

在 March 31, 2020，现金及短期投资总额 $1.0 billion，债务总额为 15亿美元。

Business Outlook

“We continue to be excited about Amkor’s prospects for growth in the medium- and long-term,” said Kelley. “At the same time, we are well-prepared to deal with fluctuations in near-term demand due to recent macroeconomic events.”

2020年第二季度展望（除非另有说明）：

• Net sales of $1.0 billionto 11亿美元
• 毛利率9.5%至13.5%
• 净利润增长of （3200万美元）to $19 million,or ( $0.13)to $0.08per diluted share
• 2020年全年资本支出约 $550 million

电话会议信息

艾克尔will conduct a conference call on Monday, April 27, 2020，在 5:00 p.m. Eastern Time。这叫不是我可能包括材料信息ncluded in this press release. This call is being webcast and can be accessed at Amkor’s website:www.www.chenyuhi.com. 您也可以拨打1-877-645-6380或1-404-991-3911接听电话。您可以在Amkor的网站或拨打1-855-859-2056或1-404-537-3406（会议ID 3086586）重播电话。该网络广播还通过纳斯达克OMX的投资者分销网络向机构投资者和个人投资者分发。机构投资者可以通过纳斯达克OMX的密码保护事件管理网站Street Events访问该电话(bob体ob体与软件下载www.streetevents.com).

关于 艾克尔Technology, Inc.

艾克尔Technology, Inc.is one of the world’s largest providers of outsourced semiconductor packaging and test services. Founded in 1968, 艾克尔pioneered the outsourcing of IC packaging and test, and is now a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. Amkor’s operational base includes production facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in 亚洲, Europeand the USA。For more information, visitwww.www.chenyuhi.com。

AMKOR TECHNOLOGY, INC. Selected Operating Data
		2020年第一季度				Q4 2019				Q1 2019
净销售额数据：
Net sales (in millions):
高级产品（1）		$	705			$	667			$	422
主流产品（2）		448				511				473
Total net sales		$	1,153			$	1,178			$	895
Packaging services		85		%		84		%		82		%
Test services		15		%		16		%		18		%
Net sales from top ten customers		67		%		65		%		66		%
End Market Data:
Communications (handheld devices, smartphones, tablets)		38		%		37		%		38		%
Consumer (connected home, set-top boxes, televisions, visual imaging, wearables)		24		%		24		%		14		%
Automotive, industrial and other (driver assist, infotainment, performance, safety)		23		%		25		%		28		%
计算（数据中心、基础设施、PC/笔记本电脑、存储）		15		%		14		%		20		%
Total		100		%		100		%		100		%
Gross Margin Data:
Net sales		100.0		%		100.0		%		100.0		%
Cost of sales:
材料		45.3		%		42.6		%		38.0		%
劳动		14.2		%		13.9		%		17.4		%
Other manufacturing		24.1		%		24.6		%		31.1		%
Gross margin		16.4		%		18.9		%		13.5		%
(1)Advanced products include flip chip and wafer-level processing and related test services
（2） 主流产品包括wirebond封装和相关测试服务

AMKOR TECHNOLOGY, INC. Selected Operating Data
In this press release, we provide EBITDA, which is not defined by 美国GAAP. We define EBITDA as net income before interest expense, income tax expense and depreciation and amortization. We believe EBITDA to be relevant and useful information to our investors because it provides additional information in assessing our financial operating results. Our management uses EBITDA in evaluating our operating performance, our ability to service debt and our ability to fund capital expenditures. However, EBITDA has certain limitations in that it does not reflect the impact of certain expenses on our consolidated statements of income, including interest expense, which is a necessary element of our costs because we have borrowed money in order to finance our operations, income tax expense, which is a necessary element of our costs because taxes are imposed by law, and depreciation and amortization, which is a necessary element of our costs because we use capital assets to generate income. EBITDA should be considered in addition to, and not as a substitute for, or superior to, operating income, net income or other measures of financial performance prepared in accordance with 美国GAAP. Furthermore our definition of EBITDA may not be comparable to similarly titled measures reported by other companies. Below is our reconciliation of EBITDA to 美国GAAP net income.
非公认会计原则财务指标调节：
		2020年第一季度				Q4 2019				Q1 2019
		(in millions)
息税折旧摊销前利润数据：
净利润增长		$	64			$	100			$	(23	)
加：利息支出		17				17				19
加：所得税费用		5				1				21
Plus: Depreciation & amortization		124				126				136
息税折旧摊销前利润		$	210			$	244			$	153

AMKOR TECHNOLOGY, INC. 合并损益表 (Unaudited)
		For the Three Months Ended March 31,
		2020				2019
		(In thousands, except per share data)
Net sales		$	1,152,616			$	894,964
Cost of sales		963,708				774,203
毛利润		188,908				120,761
Selling, general and administrative		72,582				71,587
Research and development		32,253				35,754
营业费用合计		104,835				107,341
Operating income		84,073				13,420
Interest expense		17,045				19,273
Other (income) expense, net		(2,315		)		(4,565		)
Total other expense, net		14,730				14,708
Income (loss) before taxes		69,343				(1,288		)
所得税费用		4,846				21,380
净收入（亏损）		64,497				(22,668		)
归属于non-controlling interests		(608		)		(211		)
净收入（亏损）attributable to 艾克尔		$	63,889			$	(22,879	)
净收入（亏损）attributable to 艾克尔每股普通股：
Basic		$	0.27			$	(0.10	)
Diluted		$	0.26			$	(0.10	)
Shares used in computing per common share amounts:
Basic		240,919				239,414
Diluted		241,333				239,414

AMKOR TECHNOLOGY, INC. CONSOLIDATED BALANCE SHEETS (Unaudited)
		March 31, 2020				December 31, 2019
		(In thousands)
资产
流动资产：
Cash and cash equivalents		$	941,447			$	894,948
Restricted cash		610				610
短期投资		58,263				6,348
应收账款，扣除备抵		880,629				850,753
Inventories		238,201				220,602
其他流动资产		34,553				28日,272
流动资产总额		2,153,703				2,001,533
物业、厂房及设备净值		2,367,746				2,404,850
Operating lease right of use assets		147985年				148,549
商誉		26,235				25,976
Restricted cash		3,267				2,974
Other assets		112,701				111,733
Total assets		$	4,811,637			$	4,695,615
LIABILITIES AND EQUITY
流动负债：
短期借款和长期债务的流动部分		$	141,521			$	144,479
Trade accounts payable		562,633				571,054
应付资本支出		107,131				77,044
Accrued expenses		236,464				267,226
流动负债总额		1,047,749				1,059,803
长期债务		1,371,501				1,305,755
养老金和遣散费义务		178,084				176,971
Long-term operating lease liabilities		89,733				91,107
其他非流动负债		65,945				71,740
Total liabilities		2,753,012				2,705,376
Stockholders’ equity:
Preferred stock		—				—
普通股		287				287
Additional paid-in capital		1,931,088				1,927,739
Retained earnings		297,966				234,077
累计其他综合收益（损失）		19,709				19,115
财政部stock		(217,533		)		(217,479		)
Total 艾克尔股东权益		2,031,517				1,963,739
Non-controlling interests in subsidiaries		27,108				26,500
权益总额		2,058,625				1,990,239
Total liabilities and equity		$	4,811,637			$	4,695,615

AMKOR TECHNOLOGY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
		For the Three Months Ended March 31,
		2020				2019
		(In thousands)
Cash flows from operating activities:
净收入（亏损）		$	64,497			$	(22,668	)
折旧和摊销		123,657				135,835
Other operating activities and non-cash items		8,287				15,928
Changes in assets and liabilities		(99,852		)		(77,038		)
Net cash provided by operating activities		96,589				52,057
投资活动产生的现金流量：
Payments for property, plant and equipment		(55,888		)		(203,216		)
出售物业、厂房及设备所得款项		1,887				180
财产、厂房和设备的保险赔偿收益		—				1,538
Payments for short-term investments		(55,754		)		—
Other investing activities		5,163				(569		)
净现金用于投资行为ivities		(104,592		)		(202,067		)
Cash flows from financing activities:
循环贷款收益		201,000				—
Proceeds from short-term debt		14,086				29,781
支付短期债务		(9,409		)		(10,588		)
Proceeds from issuance of long-term debt		24,000				572,375
Payments of long-term debt		(172,336		)		(63,636		)
支付融资租赁债务		(2,355		)		(1,376		)
Other financing activities		109				(2,848		)
Net cash provided by financing activities		55,095				523,708
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash		(300		)		(829		)
现金、现金等价物和限制性现金净增加额		46,792				372,869
Cash, cash equivalents and restricted cash, beginning of period		898,532				688,051
Cash, cash equivalents and restricted cash, end of period		$	945,324			$	1,060,920

前瞻性声明免责声明

This press release contains forward-looking statements within the meaning of federal securities laws. All statements other than statements of historical fact are considered forward-looking statements including statements regarding the strength of the communications and consumer markets, statements regarding our strategic investments and discretionary spending and all of the statements made under “Business Outlook” above. These forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could affect future results and cause actual results and events to differ materially from historical and expected results and those expressed or implied in the forward-looking statements, including, but not limited to, the following:

• health conditions or pandemics, such as COVID-19, impacting labor availability and operating capacity, capital availability, the supply chain and consumer demand for our customers’ products and services;
• dependence on the highly cyclical, volatile semiconductor industry;
• 产业衰退和全球经济和金融状况下降；
• fluctuation in demand for semiconductors and conditions in the semiconductor industry generally, as well as by specific customers, such as inventory reductions by our customers impacting demand in key markets;
• 产能和产能利用率的变化以及制造业产量的波动；
• 更先进的硅节点和不断发展的晶圆、封装和测试技术的开发、过渡和向大批量生产过渡，可能导致新晶圆和其他材料的生产延迟、制造产量降低和供应限制；
• absence of backlog, the short-term nature of our customers’ commitments, double bookings by customers and deterioration in customer forecasts and the impact of these factors, including the possible delay, rescheduling and cancellation of large orders, or the timing and volume of orders relative to our production capacity;
• changes in costs, quality, availability and delivery times of raw materials, components and equipment, including any disruption in the supply of certain materials due to regulations and customer requirements, as well as wage inflation and fluctuations in commodity prices;
• dependence on key customers or concentration of customers in certain end markets, such as mobile communications and automotive;
• 对国际工厂和运营的依赖，以及与我们的客户和供应商的国际运营相关的风险；
• laws, rules, regulations and policies imposed by 美国or foreign governments, such as tariffs, customs, duties and other restrictive trade barriers, national security, data privacy and cybersecurity, antitrust and competition, tax, currency and banking, labor, environmental, health and safety, and in particular the recent increase in tariffs, customs, duties and other restrictive trade barriers considered or adopted by 美国and foreign governments;
• laws, rules, regulations and policies within Chinaand other countries that may favor domestic companies over non-domestic companies, including customer- or government-supported efforts to promote the development and growth of local competitors;
• fluctuations in currency exchange rates, particularly the dollar/yen exchange rate for our operations in Japan;
• 在包装和测试业务、集成设备制造商的内部能力以及新的竞争对手（包括铸造厂）方面与现有竞争对手的竞争；
• decisions by our integrated device manufacturer and foundry customers to curtail outsourcing;
• difficulty achieving high capacity utilization rates due to high percentage of fixed costs;
• our substantial investments in equipment and facilities to support the demand of our customers;
• there can be no assurance regarding when our factory and research and development center in 韩国will be fully utilized, or that the actual scope, costs, timeline or benefits of the project will be consistent with our expectations;
• 我们包装和测试服务价格的历史下行压力；
• any warranty claims, product return and liability risks, and the risk of negative publicity if our products fail, as well as the risk of litigation incident to our business;
• 我方的重大债务以及管理我方当前和未来债务的契约和协议中的限制性条款；
• difficulty funding our liquidity needs;
• our significant severance plan obligations associated with our manufacturing operations in 韩国;
• maintaining an effective system of internal controls;
• difficulty attracting, retaining or replacing qualified personnel;
• 我们持续开发和实施信息技术系统的变更、维护和安全；
• challenges with integrating diverse operations;
• 税法的任何变化（包括最近颁布的 美国税务改革），税务机关不同意我们对适用税法的解释，包括我们是否有资格继续享受免税期，或制定或调整递延所得税资产估值备抵的任何要求；
• our ability to develop new proprietary technology, protect our proprietary technology, operate without infringing the proprietary rights of others, and implement new technologies;
• natural disasters and other calamities, health conditions or pandemics, political instability, hostilities or other disruptions; and
• 我们的某些股东有效决定或实质性影响需要股东批准的事项结果的能力。

Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2019and in the company’s subsequent filings with the Securities and Exchange Commissionmade prior to or after the date hereof. 艾克尔undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by law.

View source version onbusinesswire.com:https://www.businesswire.com/news/home/20200427005812/en/

文森特基南
Vice President, Investor Relations
480-786-7594
文森特基南@www.chenyuhi.com

Source: 艾克尔Technology, Inc.