Advantest : FY2022 1Q Financial Briefing

FY2022 1Q

(Three months ended June 30th, 2022)

Financial Briefing

July 28th, 2022

Advantest Corporation

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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.

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Financial Results for FY2022 1Q

Atsushi Fujita

Director, Senior Executive Officer, CFO & CCO

(Chief Financial Officer & Chief Compliance Officer),

Executive Vice President, Corporate Administration Group

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FY22 1Q Summary of Results

										（¥B）
		FY21					FY22
	1Q	2Q	3Q	4Q	1Q		QoQ		YoY
		(Δ)	(%)	(Δ)	(%)
Sales	97.1	90.9	112.1	116.8	135.9	+19.1	+16.4%	+38.8	+40.0%

Gross Profit	54.7	50.1	64.8	66.3	78.9	+12.6	+19.0%	+24.2	+44.2%
Gross Margin	56.4%	55.0%	57.9%	56.7%	58.1%		+1.4pts		+1.7pts
Operating Income	26.1	21.4	33.5	33.7	44.8	+11.1	+32.9%	+18.7	+71.4%
Operating Margin	26.9%	23.5%	29.9%	28.8%	32.9%		+4.1pts		+6.0pts
Income Before Tax	25.7	21.6	34.0	35.0	48.4	+13.4	+38.3%	+22.7	+88.1%
Net Income	19.3	15.9	25.7	26.4	36.5	+10.1	+38.2%	+17.2	+88.7%
Net Income Margin	19.9%	17.5%	22.9%	22.6%	26.8%		+4.2pts		+6.9pts
Exchange Rate	1 US$	¥109	¥110	¥112	¥115	¥124		¥9 Depreciation	¥15 Depreciation
1 Euro	¥131	¥131	¥130	¥130	¥134		¥4 Depreciation	¥3 Depreciation

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Quarterly Sales by Segment

135.9

						112.1	116.8
				90.6	97.1	90.9
		77.4	78.1						96.1
						81.3
66.7						80.2
（¥B）			65.1	67.3	60.1
47.5
		52.3
42.3
		11.5			11.5	9.4	10.9	10.5	15.4
8.9	9.7	9.9
				25.1
15.9	18.3	16.3	16.3	18.4	21.3	21.0	24.5
	FY20				FY21				FY22
	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				96.1
Test Systems Breakdown		80.2	81.3	17.3
			65.1	67.3	60.1	17.1	17.2
		52.3		17.1
42.3	47.5	16.1	11.9
13.0
	19.5						78.8
17.2					63.1	64.1
		49.0	50.2	48.2
		39.3
25.1	28.0
FY20				FY21				FY22
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
		Memory Testers			SoC Testers
Services, Support, & Others Breakdown	25.1	24.5
	18.3			18.4	21.3	21.0
15.9	16.3	16.3			9.7	9.5
		8.5	9.4
	7.3			8.5
7.0	7.7	8.7
8.9	11.0	8.6		9.9	12.8	11.6	15.4	15.0
7.6
FY20				FY21				FY22
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
		Maintenance / Services, etc			SLT

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