AI assistant
Macronix — Annual Report 2014
Jan 29, 2015
52013_rns_2015-01-29_74287c22-479e-4575-9595-6c48eb98bc11.pdf
Annual Report
Open in viewerOpens in your device viewer
���� 2014 ���������
2015/01/29
==> picture [287 x 153] intentionally omitted <==
����
���������������������(�)��������������� �������������������������������������� � �������������������������
����������������������/������������� �������������������������������������� � �����������������������������������
������������������������������������ (�)�������������
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 1
----- End of picture text -----
2014 ��������
2014 ��� 2014 ��� ���� ���� ���� NT$ 6.0 B NT$ 6.7 B ����� 8% 17% ����� -36% -16%
-
��������� 11% ����������������
-
�������� 9 ������������������������
-
���������������������������
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 2
----- End of picture text -----
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$) (0.65) (0.31) (0.42) |
110% 53% |
|
| ����������(���) 3,518 3,518 3,518 |
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 3
----- End of picture text -----
2014 ����������
| 2014 2014 (Pro Forma)* 2013 ������ 22,414 22,414 22,204 ���� 2,759 2,759 1,951 ����� 12% 12% 9% ���� (9,082) (8,074) (8,307) ���� (6,323) (5,315) (6,356) ����(�) (146) (146) 3 ���� (6,469) (5,461) (6,353) ����� (14) (14) (5) ���� (6,483) (5,475) (6,358) ������ 487 487 112 ������ (5,996) (4,988) (6,247) ����� ����� (6,461) (5,453) (6,306) ����� (22) (22) (52) �������(������) |
YoY YoY Change Change (Pro Forma) 1% 1% 41% 41% 3ppt 3ppt 9% (3%) (1%) (16%) 2% (14%) 2% (14%) 336% 336% (4%) (20%) 2% (14%) (58%) (58%) |
|---|---|
| ������~~*(NT$)~~ (1.84) (1.56) (1.79) |
3% (13%) |
| ����������(���) 3,518 3,518 3,518 |
��������� ( ������ )
*2014 Pro Forma IS: ������ NT$1,008M
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 4
----- End of picture text -----
������
==> picture [692 x 393] intentionally omitted <==
----- Start of picture text -----
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)
----- End of picture text -----
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 5
----- End of picture text -----
2014 �������
==> picture [682 x 407] intentionally omitted <==
----- Start of picture text -----
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)
----- End of picture text -----*
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 6
----- End of picture text -----
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 |
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 7
----- End of picture text -----
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 |
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 8
----- End of picture text -----
- 2014 ��������� ��� ( ��� )
==> picture [659 x 384] intentionally omitted <==
----- Start of picture text -----
���������
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
----- End of picture text -----
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 9
----- End of picture text -----
- 2014 ������ ��� ( ��� )
==> picture [649 x 376] intentionally omitted <==
----- Start of picture text -----
���������
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
----- End of picture text -----*
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 10
----- End of picture text -----
- 2014 ��������� ��� ( ��� )
==> picture [696 x 389] intentionally omitted <==
----- Start of picture text -----
������
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
----- End of picture text -----*
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 11
----- End of picture text -----
- 2014 ������ ��� ( ��� )
==> picture [612 x 393] intentionally omitted <==
----- Start of picture text -----
������
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
----- End of picture text -----
- Equivalent 8” WF base for FBG (foundry business group)
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 12
----- End of picture text -----
���������
| 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 |
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 13
----- End of picture text -----
���� - ROM
==> picture [720 x 462] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
����
� ROM business
-
45 ������� 14Q4 ROM �� 84%
-
32 ���� 16/32Gb ���� 2015 ������
-
�������� : 2014Q1 � Q4 ��� 6.7Gb, 6.0Gb,11.4Gb � 12.4Gb
==> picture [39 x 10] intentionally omitted <==
----- Start of picture text -----
NTD %
----- End of picture text -----
==> picture [605 x 331] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
���� - NOR Flash
==> picture [705 x 462] intentionally omitted <==
----- Start of picture text -----
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
Copyright © Macronix International Co., Ltd. 16
----- End of picture text -----
����
� 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)
==> picture [720 x 344] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
���� – 2014 ��� NOR Flash ������
2014 ��� NOR
����
==> picture [716 x 412] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
���� – 2014 � NOR Flash ������
2014 � NOR
����
==> picture [716 x 413] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
���� – 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
==> picture [135 x 15] intentionally omitted <==
----- Start of picture text -----
2014 ��� NAND
----- End of picture text -----
==> picture [721 x 264] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
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
==> picture [657 x 158] intentionally omitted <==
----- Start of picture text -----
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
----- End of picture text -----
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 21
----- End of picture text -----
[����]
��������������������
����������������� (TSE: 2337) ��� (NYSE � CODE) � (27) ���� ������������������������������� (US International Trade Commission, ITC) ������������������� (US Patent and Trademark Office, USPTO) ������������������������
���������������������������������������� ��������������������������������������
�����������������������
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 22
----- End of picture text -----
Agenda
Welcome C.Y. Lu 2014Q4 Financial Results Paul Yeh Business Update C.Y. Lu Remarks and Q&A C.Y. Lu
==> picture [667 x 37] intentionally omitted <==
----- Start of picture text -----
Copyright © Macronix International Co., Ltd. 23
----- End of picture text -----
For more information regarding Macronix http://www.macronix.com
==> picture [353 x 188] intentionally omitted <==
For all inquiries, suggestions and comments [email protected]