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Macronix Annual Report 2014

Jan 29, 2015

52013_rns_2015-01-29_74287c22-479e-4575-9595-6c48eb98bc11.pdf

Annual Report

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���� 2014 ���������

2015/01/29

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Copyright © Macronix International Co., Ltd. 1
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2014 ��������

2014 ��� 2014 ��� ���� ���� ���� NT$ 6.0 B NT$ 6.7 B ����� 8% 17% ����� -36% -16%

  • ��������� 11% ����������������

  • �������� 9 ������������������������

  • ���������������������������

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Copyright © Macronix International Co., Ltd. 2
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2014 �������������

2014/Q4
2014/Q3
2013/Q4
������
5,960
6,691
5,860
����
482
1,140
680
�����
8%
17%
12%
����
(2,637)
(2,239)
(2,148)
����
(2,155)
(1,099)
(1,468)
����(�)
(130)
(1)
(41)
����
(2,285)
(1,100)
(1,510)
�����
(9)
(1)
(2)
����
(2,294)
(1,101)
(1,512)
������
222
25
141
������
(2,072)
(1,076)
(1,371)
�����
�����
(2,292)
(1,097)
(1,501)
�����
(2)
(4)
(11)

��������(������)
QoQ
YoY
Change
Change
(11%)
2%
(58%)
(29%)
-9ppt
-4ppt
18%
23%
96%
47%
108%
51%
108%
52%
770%
58%
93%
51%
109%
53%
(44%)
(78%)
������*(NT$)
(0.65)
(0.31)
(0.42)
110%
53%
����������(���)
3,518
3,518
3,518

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2014 ����������

2014
2014
(Pro Forma)*
2013
������
22,414
22,414
22,204
����
2,759
2,759
1,951
�����
12%
12%
9%
����
(9,082)
(8,074)
(8,307)
����
(6,323)
(5,315)
(6,356)
����(�)
(146)
(146)
3
����
(6,469)
(5,461)
(6,353)
�����
(14)
(14)
(5)
����
(6,483)
(5,475)
(6,358)
������
487
487
112
������
(5,996)
(4,988)
(6,247)
�����
�����
(6,461)
(5,453)
(6,306)
�����
(22)
(22)
(52)

�������(������)
YoY
YoY
Change
Change
(Pro Forma)
1%
1%
41%
41%
3ppt
3ppt
9%
(3%)
(1%)
(16%)
2%
(14%)
2%
(14%)
336%
336%
(4%)
(20%)
2%
(14%)
(58%)
(58%)
������~~*(NT$)~~
(1.84)
(1.56)
(1.79)
3%
(13%)
����������(���)
3,518
3,518
3,518

��������� ( ������ )

*2014 Pro Forma IS: ������ NT$1,008M

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Copyright © Macronix International Co., Ltd. 4
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������

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2014Q4 Sales = NTD 5,960 M 2014Q4 GP = NTD 482M
+2% YoY -29% YoY
2014 Sales = NTD 22,414 M 2014 GP = NTD 2,759M
+1% YoY +41% YoY
���� ����
��������� ���������
1,951M 2,759M
10,000 22,204M 22,414M
1,250
8,000
6,000
750
4,000
250
2,000
0
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 (250)
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2014 �������

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2014 2013
����� 12% 9%
���� (NTD) (1.84) (1.79)
(1.56) Pro Forma
����� ����

���������
GM% NTD
25%
1.00
18%
17%
18% 0.75
12%
15%
8% 0.50 (1.79) (1.84)
5% 6% 0.25
4%
0.00
-4%
-5% 1 3Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4
(0.25)
(0.26)
(0.31)
(0.36)
(0.50) (0.42)
-15%
(0.59) [(0.52)] (0.52)
(0.75) (0.65)
-25% (1.00)
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Copyright © Macronix International Co., Ltd. 6
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2014 ������������� / ������

���������

���������
�������
��(��)
����
���
�������
�������
���
����
�������(%)
����(����)
��&��
����
���������(�)
EBITDA
2014/12/31 2014/09/30
7,636
9,302
21,128
44,843
14,277
2,074
22,065
22,778
49.2%
6.40
2014/Q4
7,257
9,554
22,420
47,596
7,409
10,097
22,789
24,807
47.9%
7.05
2014/Q3
1,885
(264)
1,760
(330)
1,892
(607)
(139)
798

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Copyright © Macronix International Co., Ltd. 7
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2014 ������������� / ������

����������� �/��� ���
��������� 2014/12/31 2013/12/31
������� 7,636 11,979
��(��) 9,302 8,795
���� 21,128 26,728
��� 44,843 54,030
������� 14,277 8,215
������� 2,074 10,935
��� 22,065 25,304
���� 22,778 28,726
�������(%) 49.2% 46.8%
����(����) 6.40 8.15
2014 2013
��&�� 7,565 7,744
���� (1,660) (4,318)
���������(�) 293 (579)
EBITDA 1,377 1,726

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Copyright © Macronix International Co., Ltd. 8
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- 2014 ��������� ��� ( ��� )

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���������
8,000
6,000
QoQ YoY
Change Change
57%
Flash -11% -0.1%
4,000 58% 57%
ROM -8% -2%
FBG -22% +26%
2,000
32% * FBG (foundry business group)
34% 33%
8% 11% 10%
0
2013Q4 2014Q3 2014Q4
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- 2014 ������ ��� ( ��� )

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���������
30,000
25,000
YoY
20,000
Change
Flash +5%
15,000 60% 62%
ROM -15%
10,000 FBG +25%
30%
FBG (foundry business group)
26%
5,000
10% 12%
0
2013 2014
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- 2014 ��������� ��� ( ��� )

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������
600
500
QoQ YoY
400 Change Change
Flash -18% -2%
300
95% 96% 96%
ROM -12% -10%
FBG -21% +24%
200
Equivalent 8” WF base for FBG
100
(foundry business group)
5% 4% 4%
0
2013Q4 2014Q3 2014Q4
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- 2014 ������ ��� ( ��� )

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������
2,000
YoY
Change
1,600
Flash +10%
1,200 ROM -24%
FBG +19%
97%
800 95%
(foundry business group)
400
5% 3%
0
2013 2014
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  • Equivalent 8” WF base for FBG (foundry business group)

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���������

Wafer Wafer Out Out Out
400,000
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
09Q1 Q2 Q3 Q4 10Q1 Q2 Q3 Q4 11Q1 Q2 Q3 Q4 12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4

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���� - ROM

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Density shipment index:
2009Q1 =100
1,400
1,250
1,206
1,200
976
1,000
914
802
800
511
600
528
502
393
365
342
350
400 306
320
193
139
161 156 [111]
200 120
100 [106] 84 83
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
2009 2010 2011 2012 2013 2014
Copyright © Macronix International Co., Ltd. 14
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����

ROM business

  • 45 ������� 14Q4 ROM �� 84%

  • 32 ���� 16/32Gb ���� 2015 ������

  • �������� : 2014Q1 � Q4 ��� 6.7Gb, 6.0Gb,11.4Gb � 12.4Gb

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NTD %
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ROM (by tech & sales)
100%
14%
24%
33% 35%
80%
57% 60% 61%
60% 80% 76%
84%
76%
67%
40%
59% 57% 45 nm
65 nm
38%
20% 36% 34%
75 nm
22%
18%
15% 5%
0% 3% 7% 5%4% 3%5% 2%3% 2%2% 2%3% 1% 1% 0%1% 3% 1%1% ≧ 0.10 μ m
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014
2013 2014
15
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���� - NOR Flash

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Density shipment index:
800 2009Q1 =100
640
569
600 576
530 542
505
480
460
425
382
422
390
360
400
299
298 317
272
270
250 256
227 192
200 173
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
2009 2010 2011 2012 2013 2014
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����

NOR flash business

  • ≦ 75 ������� 2014 ���� NOR �� 34%

  • 75 �� 3V serial 128Mb RPMC CS �� 14Q4 ���� (with RPMC feature for Win10 platform)

  • 55 �� 3V dual-quad serial 256/512 Mb NOR ES ����� (for auto application)

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High density
Mid density (32Mb~128Mb)
Low density
NTD % 100% NOR (by tech & sales) NTD % NOR (by density & sales)
100%
7%
15% 19% 23% 26% 28% 30% 33% 34% 21% 32% 12% 16%
80%
80%
55%
60%
60% 54%
52%
85%
40% 81% 77% 74% 72% 70% 79% 40%
≦ 75 nm 67% 66% 68%
≧ 0.10 µ m
20%
20% 38%
34% 32%
0% 0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2012 2013 2014
2013 2014
Copyright © Macronix International Co., Ltd. 17
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���� – 2014 ��� NOR Flash ������

2014 ��� NOR

����

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Consumer,
34% Comm,
22%
•OTHERS includes
Computer, Handset, Industrials and others
20% 7%
Auto &
Indu., 17%
2014 ��� NOR
�����
���
( ��� ) Computer Consumer Communication Handset Auto & Indu.
-
21% QoQ -13% QoQ -10% QoQ -46% QoQ -6% QoQ
200 +4% YoY +9% YoY -1% YoY -55% YoY +20% YoY
150
150 150 150 150
100
100 100 100 100
50 50 50 50 50
0 2014Q3 2014Q4 0 2014Q3 2014Q4 0 2014Q3 2014Q4 0 2014Q3 2014Q4 0 2014Q3 2014Q4
Copyright © Macronix International Co., Ltd. 18
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���� – 2014 � NOR Flash ������

2014 � NOR

����

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Consumer,
33% Comm,
21%
Computer,
Handset,
21%
11%
Auto &
Indu., 14%
2014 � NOR
�����
��� Computer Consumer Communication Handset Auto & Indu.
( ��� )
+10% YoY
+18% YoY +9% YoY -17% YoY +20% YoY
600
600
400
400 400 400 400
200 200 200 200 200
0 0 0 0 0
2013 2014 2013 2014 2013 2014 2013 2014 2013 2014
Copyright © Macronix International Co., Ltd. 19
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���� – SLC NAND

SLC NAND flash business

  • 36 �� 1Gb NAND CS �� 14Q4 ���� ; ����� 15Q1 ����� (for various applications)

  • 36 �� MCP (2Gb NAND+1Gb DRAM) CS �� 14Q4 ���� (for M2M application)

  • 36 �� 2Gb NAND �� 14Q4 ����� (for STB/TV applications)

  • 36 �� 8Gb NAND �� 14Q4 pre-released

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2014 ��� NAND
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SLC NAND Flash equivalent density shipment
���� Total density (Tb)
2,500 2,347 3,000 150,000 150,000
Density shipment index:
2014Q1 =100
2,000
Comm, 1,643
52% 2,000 100,000 75 nm 100,000
Consumer, 1,500
37% 968 36 nm
1,000 535
Others, 593 573 1,000 50,000 50,000
398
11% 500
100
0 0 0 0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015(E)
2014
2015(E)
Copyright © Macronix International Co., Ltd. 20
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2015 ����

IoT / Wearable

Wireless

Automotive / Industrial

Newly launch product series with the features:

  • Wide range Vcc ( 1.7V ~ 3.6V )

  • Ultra low power consumption

  • ( 75% lower in active mode; 95%

lower in standby mode)

  • Small form factor

Comprehensive product coverage

  • Provide MCP products:

NOR MCP / NAND MCP

  • Provide full spectrum densities

  • Reduce cost by tech migration

Long-term competency

  • Committed Fab capacity

  • Broad product portfolio with excellent quality

  • AECQ-100 qualified: NOR (-40⁰C ~ 125⁰C) & NAND (-40⁰C ~ 105⁰C)

  • RMA ≦1 ppm

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HD NOR + NAND Wireless HD NOR + NAND Automotive
150 Accu. design-win case count 126 150 Accu. design-win case count 131
97
100 100
Already sent ES to 19 75
65
global well-known
42
customers 50 50
14
0
0 0
Y2011 Y2012 Y2013 Y2014 Y2011 Y2012 Y2013 Y2014
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Copyright © Macronix International Co., Ltd. 21
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[����]

��������������������

����������������� (TSE: 2337) ��� (NYSE � CODE) � (27) ���� ������������������������������� (US International Trade Commission, ITC) ������������������� (US Patent and Trademark Office, USPTO) ������������������������

���������������������������������������� ��������������������������������������

�����������������������

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Copyright © Macronix International Co., Ltd. 22
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Agenda

Welcome C.Y. Lu 2014Q4 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu

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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 [email protected]