Advantest : FY2021 1Q Financial Briefing

FY2021 1Q

(Three months ended June 30th, 2021)

Financial Briefing

July 28th, 2021

Advantest Corporation

All Rights Reserved - ADVANTEST CORPORATION

NOTE

Accounting Standards

• Our results and outlook, described in this presentation, have been prepared in accordance with IFRS.

Cautionary Statement with Respect to Forward-Looking Statements

• This presentation contains "forward-looking statements" that are based on Advantest's current expectations, estimates and projections. These statements include, among other things, the discussion of Advantest's business strategy, outlook and expectations as to market and business developments, production and capacity plans. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "expect," "intend," "project," "should" and similar expressions. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause Advantest's actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements.

Use of These Materials

• The information contained in this presentation is protected under intellectual property laws, such as copyright law, patent law, trademark law and design law, and other laws and statutes of each country and various treaties. Any use (modification, copying, diversion, etc.) of this information that goes beyond that which is clearly authorized by law and statutes, and is not approved in writing by our company in advance, is forbidden.

2	All Rights Reserved - ADVANTEST CORPORATION

Financial Results for FY2021 1Q

Atsushi Fujita

Director, Senior Executive Officer

All Rights Reserved - ADVANTEST CORPORATION

FY21 1Q Summary of Results

													（¥B）
			FY20						FY21
		1Q	2Q	3Q	4Q	1Q	QoQ		YoY
		(Δ)	(%)	(Δ)		(%)
Orders		61.5	64.1		95.1	109.9	161.2	+51.3		+46.6%	+99.8		+2.6x
Sales		66.7	77.4		78.1	90.6	97.1	+6.5		+7.2%	+30.4		+45.5%
Gross Profit		38.0	41.6		40.2	48.5	54.7	+6.3		+12.9%	+16.8		+44.2%
Gross Margin		56.9%	53.9%		51.5%	53.5%	56.4%	+2.9pts			-0.5pts
Operating Income	13.5	17.4		15.3	24.5	26.1	+1.6		+6.4%	+12.7		+94.1%
Operating Margin	20.2%	22.6%		19.5%	27.1%	26.9%	-0.2pts			+6.7pts
Income Before Tax	12.9	16.4		13.9	26.4	25.7	-0.7		-2.7%	+12.8		+99.6%
Net Income		10.6	13.9		12.0	33.3	19.3	-13.9		-41.9%	+8.8		+83.4%
Net Income Margin	15.8%	18.0%		15.4%	36.7%	19.9%	-16.8pts			+4.1pts
Backlog		85.7	72.5		89.5	108.8	172.9	+64.1		+58.9%	+87.2		+2.0x
Exchange Rate	1 US$	¥108	¥107		¥105	¥104	¥109	¥5 Depreciation	¥1 Depreciation
1 Euro	¥118	¥123		¥124	¥127	¥131	¥4 Depreciation	¥13 Depreciation

4	All Rights Reserved - ADVANTEST CORPORATION

Quarterly Orders by Segment

161.2

								109.9
				90.7			95.1		116.2
65.9		72.9			64.1		73.2
58.3			61.5
	52.2	66.8
（¥B）
49.9		47.4		42.4	44.8
43.1		12.6			14.0
						12.6
7.2		9.6	26.0	8.5	9.2	11.8	24.9	31.0
6.8	15.9	16.5
8.8	8.4		10.9	10.2
	FY19				FY20				FY21
	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
	Semiconductor & Component Test Systems	Mechatronics Systems	Services, Support & Others
	Note: Intersegment transactions have been eliminated from totals

Semiconductor & Component Test

Systems Breakdown

								116.2
								18.7
						66.8	73.2
49.9		47.4	52.2		44.8	12.6	25.1
43.1		42.4			97.5
6.3
	19.3
	9.8	15.9		9.0
		17.4
					54.2
43.6						48.1
				35.8
33.3	31.5	32.9
	25.0
FY19				FY20				FY21
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
		Memory Testers			SoC Testers

5	All Rights Reserved - ADVANTEST CORPORATION