Macronix — Annual Report 2012

Jan 30, 2013

���� 2012 2013/01/30

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Copyright © Macronix International Co., Ltd. 1
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2012

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2012���

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NT$ 5.7B

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3%

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-27%

75%

• ���������21%�� �

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NOR sales breakdown by application

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Unit: NTD M
2012Q3 2012Q4
1,500
1,200 -26%
-20% 22% 20%
21% 30%
900 2 1% -1% 29%
25% 30%
+10%
600
300 -18%
-22%
0
COMP CONS COMM Handset AUTO Others
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ROM + NOR sales breakdown by FAB
Unit: NTD M
10,000 FAB5
8,000 FAB2
17%
6,000 5% 35%
1%
4,000 17% 22% 31%
2,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4
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NOR sales breakdown by density

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High density
Unit: NTD M
Mid density
5,000
Low density
4,000 5% 4%
6% 7% 7%
4%
3,000 6% 8%
2,000
1,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4
ROM + NOR Inventory (net)
Unit: NTD M breakdown by FAB
8,000 FAB5
6,000 FAB2
58%
50% 54% 54% 51%
4,000 16% 33% 41%
2,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4
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2012

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�� �� �� �� �� �

2012/Q4 2012/Q3 2011/Q4 ������ 5,743 7,261 8,414 �� 192 833 3,148 �� 3% 11% 37% �� (1,768) (1,859) (1,720) ��� ��� (1,576) (1,026) 1,428 �� �(�) (316) (131) (170) � ��� (1,892) (1,157) 1,258 � � 115 (25) (277) � ��� (1,777) (1,182) 981	QoQ YoY Change Change (21%) (32%) (77%) (94%) (8ppt) (34ppt) (5%) 3% 54% - 142% 86% 64% - - - 50% -
� ��*(NT~~$~~) (0.51) (0.34) 0.28	50% -

*��2012/12/31��� 3,516

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2012

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� � � � � �	� � � � � �
2012 2011 ������ 23,889 27,844 �� 2,373 10,105 �� 10% 36% �� (6,969) (6,321) ��� ��� (4,596) 3,784 �� �(�) (919) (275) � ��� (5,515) 3,509 � � 77 (592) � ��� (5,438) 2,917	YoY Change (14%) (77%) (26ppt) 10% - 235% - (113%) -
� ��*(NT~~$~~) (1.55) 0.83	-
*��2012/12/31�� 3,516

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2012 Sales = NTD 23,889M
-14% YoY
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2012 GP = NTD 2,373M
-77% YoY
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27,844M
10,000 23,889M
8,000
6,000
4,000
2,000
0
11Q1 Q2 Q3 Q4 12Q1 Q2 Q3 Q4
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5,000
10,105M
4,000
3,000
2,000 2,373M
1,000
0
11Q1 Q2 Q3 Q4 12Q1 Q2 Q3 Q4
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2012 Q4

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2012 2011 YoY ����� 10% 36% (26ppt) ( )(NTD) (1.55) 0.83 ����� �� � ��� �� �� ��

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GM%
��
60%
0.90
50% 0.83
42%
37% 0.65
40%
34%
31%
30% 0.40 0.30 0.28 (1.55)
0.15
20% 14% 0.15 0.10
11% 11%
10% (0.10) 11Q1 Q2 Q3 Q4 12Q1 Q2 Q3 Q4
3%
0% (0.35)
(0.31) (0.34)
11Q1 Q2 Q3 Q4 12Q1 Q2 Q3 Q4 (0.39)
(0.60) (0.51)
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2012

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�	�				2012/Q4	2012/Q3
����	�
	�	�	�		(48)	(44)
		�	�		(47)	3
	�	�	�		(180)	(107)
			�	�	(54)	0
	�	�	�		13	17
����	�				(316)	(131)

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2012

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�		2012	2012	2012	2012	2011
����	�
	�	�	�		(148)	98
		�	�		(90)	(94)
	�	�	�		(596)	(369)
			�	�	(138)	(1)
	�	�	�		53	91
����	�				(919)	(275)

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2012

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��
9,000
8,000
7,000
44%
QoQ YoY
6,000
Change Change
52%
5,000 Flash -13% -11%
57%
4,000 ROM -28% -52%
FBG -36% -3%
3,000 51%
2,000 39% * FBG (foundry business group)
36%
1,000
5% 9% 7%
0
2011Q4 2012Q3 2012Q4
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2012

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��
30,000
25,000
YoY
20,000 55%
Change
57%
Flash -11%
15,000
ROM -22%
10,000 FBG +2%
37%
34%
FBG (foundry business group)
5,000
8% 9%
0
2011 2012
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2012

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450
400
350
QoQ YoY
300 Change Change
250 Flash -9% +4%
89% 91% 93%
200 ROM -29% -39%
FBG -28% +4%
150
100
Equivalent 8” WF base for FBG
50 (foundry business group)
11% 9% 7%
0
2011Q4 2012Q3 2012Q4
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2012

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1,600
YoY
Change
1,200
Flash +3%
ROM -28%
800 90% 93% FBG +2%
Equivalent 8” WF base for FBG
(foundry business group)
400
10%
7%
0
2011 2012
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2012

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��
9,000
8,000
7,000
6,000 45%
38%
5,000
�65 nm
30%
75 nm
7%
4,000
9% 0.10 m
�
12% 0.13 m
�
3,000
�0.15�m
40% 47%
2,000
50%
1,000
3%
2%
5% 4% 5% [3][%]
0
11Q4 12Q3 12Q4
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2012

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��
28,000
24,000
29%
20,000
31% �65 nm
8%
75 nm
16,000
0.10 m
�
8%
0.13 m
�
12,000
�0.15�m
49%
8,000
52%
4,000
6%
3%
8%
6%
0
2011 2012
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2012 �� /

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12/31/2012 ������� 17,793 ( ) 6,798 29,274 62,190 5,322 15,800 26,948 35,242 (%) 43.3% (����) 10.01 2012/Q4 & 1,983 (459) �� 2,033 EBITDA 180 �	12/31/2012 ������� 17,793 ( ) 6,798 29,274 62,190 5,322 15,800 26,948 35,242 (%) 43.3% (����) 10.01 2012/Q4 & 1,983 (459) �� 2,033 EBITDA 180 �	09/30/2012
		17,779 6,970 30,897 65,208 6,224 16,441 28,133 37,075 43.1% 10.53 2012/Q3
	1,983 (459)	1,994 (702)
		834 920

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2012 �� /

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�			12/31/2012	12/31/2012	12/31/2011
����	�	��		17,793	17,727
(	)			6,798	6,399
				29,274	34,855
				62,190	67,877
				5,322	3,328
				15,800	16,079
				26,948	25,927
				35,242	41,950
			(%)	43.3%	38.2%
(		��	��)	10.01	12.39
				2012	2011
&				7,780	5,417
(2,751)					(15,368)
		��		2,601	5,505
EBITDA				2,568	8,945

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&

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Wafer Out

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400,000 120%
350,000 100% 102% 101% [103%]
99%
94% 95% 93% 97% 94% 92% 100%
91% [88%]
97% 84%
300,000 92%
90% 79% 80%
86% 86% 75 % 80%
250,000 69%
Design capacity
200,000 60%
150,000
47%
40%
100,000
20%
50,000
0 0%
07Q1Q2 Q3 Q408Q1Q2 Q3 Q409Q1Q2 Q3 Q410Q1Q2 Q3 Q411Q1Q2 Q3 Q412Q1Q2 Q3 Q4
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*LHS: Amount of Wafer Out � RHS: Utilization rate

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- ROM

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Density shipment index:
1,495
1,500 2007Q1 =100
1,200
983
935
900
680
597 570
600
360
316 290
299 259
266
300
223 207
188 170 186 198 155
156
112 126 135
100
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2007 2008 2009 2010 2011 2012
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- NOR Flash

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1,000
Density shipment index:
2007Q1 =100
862
791
800
731
715
674
594
600 559 561
509 505
480
470
425
359
400
325
185 187
200 159
128 124 [121] 130
113
100
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2007 2008 2009 2010 2011 2012
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NOR

�ROM business

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100%
5% 7%
16%
80%
58% 55%
60% High density
55%
Mid density
40% Low density
20% 37% 38%
29%
0%
2011 2012 2013E
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• 65�������2012 ROM 84%

• 32�� 32Gb ��� 2012 tape-out

• 45nm ����� 2013

�NOR Flash business

• 75nm�����2012 flash 12%�� 2013

�Hybrid flash business

• hybrid memory 2013

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NOR
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ROM
100% 100% 1% 1% 4%
2% 10% 12%
31%
80% 80%
46%
60% 82% 75% 85% 87% 84% 60% 85% 84% 83%
81% 77%
32 nm
40% 40% 61%
45 nm 75 nm
44%
65 nm 0.11 m
20% 20%
17% 75 nm 0.13 m
0% 13% 5% 8% 8%7% 8% 5% 11% 5% 5%3% 0.10 m 0% 8%6% 9%6% 8% 5% 5%4% 6% 5% 4%4% 0.15 m
11Q4 12Q1 12Q2 12Q3 12Q4 2013E 11Q4 12Q1 12Q2 12Q3 12Q4 2013E
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- 2012Q4 NOR Flash

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��
Consumer Comm
25% 25%
Computer
Handset
25%
17%
Others Auto
3% 5%
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•OTHERS includes Industrials and others

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Computer Consumer Communication Handset Auto
���
( ) -18% QoQ -19% QoQ +3% QoQ +19% QoQ -9% QoQ
200 -4% YoY -11% YoY +13% YoY +31% YoY +44% YoY
150 150
100 100 100 100 100
50 50 50 50 50
0 0 0 0 0
2012Q3 2012Q4 2012Q3 2012Q4 2012Q3 2012Q4 2012Q3 2012Q4 2012Q3 2012Q4
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– 2012 NOR Flash

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��

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Consumer
26% Comm
24%
Computer
•OTHERS includes
28% Handset
Industrials and others
13%
Others Auto
3% 6%
Computer Consumer Communication Handset Auto
���
-5% YoY -7% YoY +2% YoY +52% YoY +81% YoY
( )
600
600
400 400 400 400 400
200 200 200 200 200
0 0 0 0 0
2011 2012 2011 2012 2011 2012 2011 2012 2011 2012
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Copyright © Macronix International Co., Ltd. 23
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For more information regarding Macronix http://www.macronix.com

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For all inquiries, suggestions and comments ir@mxic.com.tw