Macronix — Interim / Quarterly Report 2019

Aug 12, 2019

旺宏電子 2019 年第二季法人說明會

July 25, 2019

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免責聲明

本簡報與會議中之討論內容包含有關於旺宏電子(股)公司營運、財務狀況與對未來
預期之前瞻性描述，此前瞻性描述將受到已知與未知不確定因素與風險的影響，而造成
實際結果與前瞻性描述中預期或暗示的結果可能存在重大差異。

    前述之不確定性因素與風險包含但不限於競爭產品/價格競爭的影響、客戶對公司
產品設計之接受度、公司即時的引進新技術、公司對新產品的即時量產能力、整體半導
體產業供需的轉變、產能過剩、產能供給、終端市場的財務狀況及其他等等風險。
    本簡報與會議內容中之前瞻性描述乃反映目前本公司對整體營運之看法，旺宏電子
(股)免除日後更新、通知之責任。

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2019 年第二季營運概況

2019 第二季 2019 第一季 2018 第二季 實際營運 實際營運 實際營運 NT$ 7.5B NT$ 6.0B NT$ 8.9B 營收淨額 27% 25% 45% 營業毛利率 6% 1% 24% 營業淨利率

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2019 年第二季合併綜合損益比較表

單位：新台幣佰萬元(每股盈餘為元) 2019/Q2 2019/Q1 2018/Q2 營業收入淨額 7,479 6,029 8,880 營業毛利 2,003 1,531 4,031 營業毛利率 27% 25% 45% 營業費用 (1,530) (1,446) (1,894) 營業淨利 473 86 2,137 營業利益率 6% 1% 24% 營業外收(支) (43) 59 196 稅前淨利 430 144 2,333 所得稅費用(利益) 166 2 6 本期淨利 264 142 2,327 其他綜合損益 22 186 (253) 本期綜合損益 286 328 2,074 淨利歸屬予 本公司業主 264 142 2,327 非控制權益 1 (0) 0	QoQ YoY Change Change 24% (16%) 31% (50%) 2ppt (18ppt) 6% (19%) 452% (78%) 5ppt (18ppt) - - 199% (82%) - - 86% (89%) - - (13%) (86%) 86% (89%)
基本每股盈餘-- NT$ 0.14 0.08 1.28 *	75% (89%)
EBITDA 1,134 810 2,882 流通在外加權平均股數 1,830 1,830 1,822

• 每股盈餘已追溯調整

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營業毛利率趨勢

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營業毛利率
50% 45%
43%
42%
38%
35%
32% 34%
31%
27% 28% 27%
25%
25%
15%
14%
0%
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2
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2019 年第二季合併簡明資產負債表 / 現金流量資訊

	2019/06/30	2019/03/31	2018/06/30
現金及約當現金	11,520	11,064	11,237
存貨(淨額)	18,867	18,475	14,297
固定資產	24,728	21,931	17,934
總資產	65,480	60,133	53,251
短期應計息負債	3,668	3,621	2,705
長期應計息負債	9,370	5,411	5,384
總負債	35,702	28,438	26,163
股東權益	29,779	31,695	27,087
負債佔資產比率(%)	54.5%	47.3%	49.1%
每股淨值	16.20	17.24	15.03
	2019/Q2	2019/Q1	2018/Q2
折舊&攤銷	657	624	514
資本支出	(4,216)	(2,603)	(834)
營業活動淨現金流入	396	249	2,622

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- 2019 年第二季銷售額分析 產品別 ( 母公司 )

12,000

0 3,000 6,000 9,000 ,000	53% 28% 6% 32% 8% 48 % 11% 14% 9% 17% 63% 11% 58% 3 8% 22% 44% 11% 26% 20% 7% 25% 48% 74% 17% 8% 29% 9% 63% 8% 21% 71%
0 3,000 6,000 9,000

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營運現況 - ROM

 ROM business

• ≥ 64Gb 容量產品佔 2019 年第二季 ROM 營收 76%

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2,333
Density shipment index: 2015Q1 =100
2,000 1,811
1,602
1,292
1,153
1,023
846
1,000
687 654
411
380
298
159
134
100 65 94 74
0
15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2
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營運現況 - Flash

Density shipment index: 2015Q1 =100

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600
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506
443
386
377
346 342
309 305
289
271 257 272
266
186
158
141 141
100
0
15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2
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300
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營運現況 - Flash

 Flash business

• ≤75nm 製程產品佔 2019 年第二季 NOR 營收 67%

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5,000
4,467
Accumulative design-win case count
4,068 [4,246 ]
3,728
3,170
2,676
2,239
2,500 2,021
1,624 [1,862 ]
1,375
1,139
756
349
0
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16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2
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營運現況 – NOR flash ( 母公司 )

NTD % NOR breakdown by density

	12%		12%		13%		16%		19%		22%		23%		25%		30%		29%
	48%		50%		47%
							52%
									48%
											44%
													45%
															43%
																			40%
																	42%
	40%				40%
			38%
											34%
							32%		33%				32%		32%
																			31%
																	28%

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- 營運現況 NOR Flash ( 母公司 )

2019Q1 NOR revenue breakdown

2019Q2 NOR revenue breakdown

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Consumer, Comm,
18% 32%
Computer,
22%
Auto , 15%
I.M.A.,
13%
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Consumer, Comm,
19% 34%
Computer,
22% I.M.A., Auto , 13%
12%
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*** Comm:** including handsets

*** I (Industrial), M (Medical), A** (Aerospace-defense)

2019Q2 NOR revenue comparison

Computer +17% QoQ -18% YoY

Consumer Communication Automotive I.M.A +17% QoQ +20% QoQ -3% QoQ +0% QoQ -17% YoY +8% YoY -5% YoY -25% YoY

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