Macronix — Interim / Quarterly Report 2013

Jul 29, 2013

���� 2013 2013/05/03

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Copyright © Macronix International Co., Ltd. 1
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2013

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2013���

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NT$ 4.4B

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-4%

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-48%

84%

• ���������25%�� �� ��

• � �� �� ��� 12 ����

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Copyright © Macronix International Co., Ltd. 2
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2013

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�� �� �� �

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2013/Q1 2012/Q4 2012/Q1 ������ 4,405 5,839 5,143 �� (185) 92 755 �� (4%) 2% 15% �� (1,911) (1,998) (1,721) ��� ��� (2,096) (1,906) (966) �� �(�) 12 1 (135) � ��� (2,084) (1,905) (1,101) � � (1) 110 (6) � ��� (2,085) (1,795) (1,107) � 75 64 165 � (2,010) (1,731) (942) � � � (2,069) (1,775) (1,085) (16) (20) (22)	QoQ YoY Change Change (25%) (14%) - - - - (4%) 11% 10% 117% - - 9% 89% - - 16% 88% 18% (55%) 16% 113% 17% 91% (15%) (25%)
�*(NT$) (0.59) (0.50) (0.31)	17% 90%
� � 3,518 3,516 3,513

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2013 Q1 Sales = NTD 4,405M

2013 Q1 GP = NTD -185M

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24,229M
2,406M
10,000
1,000
8,000
750
6,000
500
4,000
250
2,000
0
0
12Q1 Q2 Q3 Q4 13Q1
12Q1 Q2 Q3 Q4 13Q1
(250)
Copyright © Macronix International Co., Ltd. 4
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2013

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2013 � 2012 �
�� (4%) 15%
(NTD) (0.59) (0.31)
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GM%

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25%
15%
15% 11% 12%
2%
5%
-5% 12Q1 Q2 Q3 Q4 13Q1
(4%)
-15%
-25%
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1.00
0.75
(1.55)
0.50
0.25
0.00
12Q1 Q2 Q3 Q4 13Q1
(0.25)
(0.31) (0.34)
(0.50) (0.40)
(0.50)
(0.59)
(0.75)
(1.00)
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Copyright © Macronix International Co., Ltd. 5
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2013 �� /

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3/31/2013 ������� 17,036 ( ) 7,537 28,339 59,503 5,732 15,171 26,542 32,961 (%) 44.6% (����) 9.36 2013/Q1 & 1,976 (482) �� (1,344) EBITDA (22) �	12/31/2012
	19,097 6,860 29,884 62,331 5,322 15,800 27,360 34,971 43.9% 9.93 2012/Q4
	2,009 (501)
	1,846
	193

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2013 ( )

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��
6,000
5,000
44%
57% QoQ YoY
4,000
Change Change
61%
52%
Flash -10% -5%
3,000
67%
57%
ROM -54% -39%
2,000 FBG +11% +9%
51%
36%
31% 39% * FBG (foundry business group)
1,000
22% 36%
8% 7% 11%
0 5% 9% 7%
2012Q1 2012Q4 2013Q1
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2013 ( )

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��
400
350
300
QoQ YoY
Change Change
250
Flash -5% +14%
200 89% 91% 93%
93%
ROM -54% -38%
97%
150 94%
FBG +7% +9%
100
Equivalent 8” WF base for FBG
50 (foundry business group)
0 6% 11% 7% 9% 3% 7%
2012Q1 2012Q4 2013Q1
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2013

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��
6,000
5,000
45% 30%
4,000 25%
38%
3%
7% 12% 18% 45nm
3,000 30%
65 nm
7%
13%
9% 75 nm
12% 0.10 m
�
2,000
57% 50% 0.13�m
40% 47% 58% �0.15�m
50%
1,000
3%
4% 3% 2% 4%
5% 8% 4% 5% 5%4% [3%]
0
12Q1 12Q4 13Q1
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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% 84%
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 Q413Q1
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*LHS: Amount of Wafer Out � RHS: Utilization rate

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- ROM

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Density shipment index:
2008Q1 =100
1,500
1,184
1,200
779
900
741
473
600 539
506
452
285
188 237 230 205
300 170 164
177
157
148 123
107 124
100
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 13Q1
2008 2009 2010 2011 2012
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- NOR Flash

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1,000 Density shipment index:
2008Q1 =100
800 715
425 647 594 705
597
359
600 497
494
130 447
425
185
470
400 318
287
166
200 124
141
121
100
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 13Q1
2008 2009 2010 2011 2012
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NOR sales breakdown by application

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Unit: NTD M 2012Q4 2013Q1
1,200
900 -13% -5% -4%
-32% 30%
600
300 +22%
+4%
0
COMP CONS COMM Handset AUTO Others
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ROM + NOR sales breakdown by FAB

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Unit: NTD M
10,000 FAB5
8,000 FAB2
17%
6,000
5% 35%
1%
4,000 17% 22% 31%31%
30%
2,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1
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NOR sales breakdown by density

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High density ( 256Mb)
Unit: NTD M
5,000 Mid density (32 ~ 128Mb)
Low density ( 16Mb)
4,000 5%5% 4%
4%
6% 6% 7% 7%7% 7%
3,000 4%4% 6% 6% 8% 10%8%
2,000
1,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1
ROM + NOR Inventory (net)
Unit: NTD M breakdown by FAB
8,000 FAB5
6,000 FAB2
58%
54% 54% 51% 51%
4,000 17% 33% 41% 50%
2,000
0
11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1
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Copyright © Macronix International Co., Ltd. 13
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NOR (by density & sales)

�ROM business

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100%
5% 7%
18%
80%
58% 55%
60% High density
53%
Mid density
40% Low density
20% 37% 38%
29%
0%
2011 2012 2013E
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• 45�������2013�� ROM 14%

• 45nm 32Gb ��� 2013�4 �

�NOR Flash business

• 75nm�����2013�� NOR 15%

�Hybrid flash business

• 45nm 16Gb 2013��

NOR (by tech & sales)

ROM (by tech & sales)

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100% 100% 1%
1% 4% 10% 12%
14% 15%
29%
80% 80%
46%
60% 75% 60%
85% 87% 84% 84% 83%
81% 77%
76% 32 nm 76%
40% 40% 64%
45 nm 75 nm
46%
65 nm 0.11 m
20% 20%
17% 75 nm 0.13 m
6%
0% 8% 8%7% 8% 5% 11% 5% 7% 3% 2%5% 0.10 m 0% 9% 5% 8% 4%5% 5% 6% 4%5% 4%3% 0.15 m
12Q1 12Q2 12Q3 12Q4 13Q1 2013E 12Q1 12Q2 12Q3 12Q4 13Q1 2013E
Copyright © Macronix International Co., Ltd. 14
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– 2013 NOR Flash

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��
Consumer
Comm
26%
27%
Computer •OTHERS includes
Handset
24% Industrials and others
13%
Others Auto
3% 7%
Computer Consumer Communication Handset Auto
���
( ) -6% QoQ +8% QoQ -2% QoQ -21% QoQ +12% QoQ
150 -1% YoY +32% YoY +17% YoY +22% YoY +41% YoY
100
100
100 100 100
50
50
50 50 50
0 0 0 0 0
2012Q4 2013Q1 2012Q4 2013Q1 2012Q4 2013Q1 2012Q3 2012Q4 2012Q4 2013Q1
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Copyright © Macronix International Co., Ltd. 15
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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