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Macronix — Interim / Quarterly Report 2018
Mar 15, 2019
52013_rns_2019-03-15_4d4a7955-5857-46a6-8243-d77562c85f09.pdf
Interim / Quarterly Report
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旺宏電子 2018 年第四季法人說明會
January 24, 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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Copyright © Macronix International Co., Ltd.
2018 年第四季營運概況
2018第四季 |
2018第四季 |
2018第三季 |
2017第四季 |
|
|---|---|---|---|---|
| Pro Forma* | 實際營運 |
實際營運 |
實際營運 |
|
營收淨額 |
NT$ 9.0B | NT$ 9.0B | NT$ 10.0B | NT$ 10.6B |
營業毛利率 |
30% | 28% | 35% | 43% |
營業淨利率 |
12% | 7% | 18% | 25% |
* 排除智慧財產權收入
Copyright © Macronix International Co., Ltd.
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2018 年營運概況
2018 2018 2017 Pro Forma* 實際營運 實際營運 營收淨額 NT$ 37.0B NT$ 37.0B NT$ 34.2B 營業毛利率 38% 38% 37% 營業淨利率 19% 18% 17%
* 排除智慧財產權收入
Copyright © Macronix International Co., Ltd.
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2018 年第四季合併綜合損益比較表
單位：新台幣佰萬元(每股盈餘為元)2018/Q4 2018/Q3 2017/Q4 營業收入淨額8,981 10,030 10,557 營業毛利2,535 3,546 4,582 營業毛利率28% 35% 43% 營業費用(1,921) (1,783) (1,926) 營業淨利614 1,763 2,656 營業利益率7% 18% 25% 營業外收(支)2,504 155 (74) 稅前淨利3,118 1,918 2,582 所得稅費用(利益)250 2 7 本期淨利2,867 1,916 2,576 其他綜合損益(596) 60 343 本期綜合損益2,271 1,976 2,919 淨利歸屬予本公司業主2,867 1,916 2,576 非控制權益(0) 0 (0) |
QoQ YoY Change Change (10%) (15%) (29%) (45%) (7ppt) (15ppt) 8% (0%) (65%) (77%) (11ppt) (18ppt) - - 63% 21% - - 50% 11% - - 15% (22%) 50% 11% |
|---|---|
基本每股盈餘-- NT$ 1.571.05 1.42 * |
50% 11% |
| EBITDA 3,730 2,486 3,126 流通在外加權平均股數1,822 1,822 1,812 |
*EPS is retro-adjusted
Copyright © Macronix International Co., Ltd.
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2018 年第四季合併綜合損益表
單位：新台幣佰萬元 (每股盈餘為元)
| 2018/Q4 | 2018/Q4 | 2018/Q4 | |
|---|---|---|---|
| Pro Forma | * | ||
營業收入淨額 |
8,981 | 8,981 | |
營業毛利 |
2,732 | 2,535 | |
營業毛利率 |
30% | 28% | |
營業費用 |
(1,698) | (1,921) | |
營業淨利 |
1,034 | 614 | |
營業利益率 |
12% | 7% | |
營業外收(支) |
30 | 2,504 | |
稅前淨利 |
1,065 | 3,118 | |
所得稅費用(利益) |
3 | 250 | |
本期淨利 |
1,062 | 2,867 | |
基本每股盈餘-- NT$ |
0.58 | 1.57 | |
| EBITDA | 1,676 | 3,730 |
* 排除智慧財產權收入
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Copyright © Macronix International Co., Ltd.
2018 年合併綜合損益比較表
單位：新台幣佰萬元(每股損益為元)2018 2017 營業收入淨額36,953 34,197 營業毛利13,926 12,635 營業毛利率38% 37% 營業費用(7,417) (6,882) 營業淨利6,509 5,753 營業利益率18% 17% 營業外收(支)2,755 (217) 稅前淨利9,264 5,536 所得稅費用(利益)272 19 本期淨利8,993 5,517 其他綜合損益(943) 607 本期綜合損益8,050 6,124 淨利歸屬予母公司業主8,993 5,518 非控制權益(0) (1) |
YoY Change 8% 10% 1ppt 8% 13% 1ppt - 67% 63% - 31% 63% - |
|---|---|
基本每股盈餘 -- NT$ 4.943.06 **** |
- |
| EBITDA 11,528 7,724 流通在外加權平均股數1,822 1,801 * 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%
25%
15%
14%
0%
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4
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股東權益報酬率
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40%
33%
32%
30%
29%
30%
26%
20%
20%
9%
10%
4%
0%
17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4
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2018 年第四季合併簡明資產負債表 / 現金流量資訊
| 2018/12/31 | 2018/09/30 | 2017/12/31 | |
|---|---|---|---|
現金及約當現金 |
13,589 | 10,502 | 8,633 |
存貨(淨額) |
17,949 | 17,160 | 9,872 |
固定資產 |
19,309 | 18,389 | 16,259 |
總資產 |
59,049 | 56,907 | 44,194 |
短期應計息負債 |
3,335 | 1,986 | 3,179 |
長期應計息負債 |
5,885 | 7,504 | 4,860 |
總負債 |
27,688 | 27,826 | 19,538 |
股東權益 |
31,360 | 29,081 | 24,656 |
負債佔資產比率(%) |
46.9% | 48.9% | 44.2% |
每股淨值 |
17.06 | 15.82 | 13.68 |
| 2018/Q4 | 2018/Q3 | 2017/Q4 | |
折舊&攤銷 |
576 | 534 | 493 |
資本支出 |
(1,151) | (1,381) | (879) |
營業活動淨現金流入 |
4,280 | 1,061 | 3,969 |
Copyright © Macronix International Co., Ltd.
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2018 年合併簡明資產負債表 / 現金流量資訊
| 2018/12/31 | 2017/12/31 | |
|---|---|---|
現金及約當現金 |
13,589 | 8,633 |
存貨(淨額) |
17,949 | 9,872 |
固定資產 |
19,309 | 16,259 |
總資產 |
59,049 | 44,194 |
短期應計息負債 |
3,335 | 3,179 |
長期應計息負債 |
5,885 | 4,860 |
總負債 |
27,688 | 19,538 |
股東權益 |
31,360 | 24,656 |
負債佔資產比率(%) |
46.9% | 44.2% |
每股淨值 |
17.06 | 13.68 |
| 2018 | 2017 | |
折舊&攤銷 |
2,120 | 1,972 |
資本支出 |
(4,862) | (2,220) |
營業活動淨現金流入 |
10,092 | 7,034 |
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- 2018 年第四季銷售額分析 產品別 ( 母公司 )
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12,000
14%
20%
9,000
26%
QoQ YoY
11% 11% 68% 55% 48 51% Change Change
11% 48% %
6,000
Flash -17% -36%
44%
53%
ROM +1% +50%
58%
63%
FBG -23% -35%
3,000 * FBG (foundry business group)
32%
25%
39%
28% 3 22% 44%
25%
17%
8% 9% 7% 6% 8%
7% 6% 5%
0
2017Q4 2018Q3 2018Q4
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- 2018 年銷售額分析 產品別 ( 母公司 )
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40,000
14%
20%
30,000 26%
48
11%
11% 11% 48% 62% %
68%
20,000
44%
53%
58%
63%
10,000 25% 32%
28% 3 22%
25% 31%
17%
8% 9% 7% 6%8%
7% 7%
0
2017 2018
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YoY Change Flash +0% ROM +33% FBG +1% * FBG (foundry business group)
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營運現況 - ROM
ROM business
• ≥ 64Gb 容量產品佔 2018 年第四季 ROM 營收 72%
2,000 Density shipment index: 2014Q1 =100
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1,986
1,756
1,417
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1,121
927
1,000
753
451
416
318 307 326
174
147
100 89 110 72 103 81
0
14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3
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營運現況 - Flash
Density shipment index: 2014Q1 =100
600
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506
443
386
377
346 342
309
289
271 257
266
186
158
141 141
100
0
15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4
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300
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營運現況 - Flash
Flash business
• ≤75nm 製程產品佔 2018 年第四季 NOR 營收 63%
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5,000
Accumulative design-win case count 4,068
3,728
2,676
3,170
2,500 2,021
1,624
2,239
1,139
1,862
1,375
349
756
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4
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營運現況 – NOR flash ( 母公司 )
NTD % NOR breakdown b densit y y
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12% 12% 13%
16%
19%
22% 23% 25%
High
48% 50% 47%
52% 48% 44% 45%
43%
Mid
(32Mb~128Mb)
40% 38% 40%
32% 33% 34% 32% 32% Low
17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4
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- 營運現況 NOR Flash ( 母公司 )
2017Q4 NOR revenue breakdown
2018Q4 NOR revenue breakdown
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Consumer,
Consumer, Comm,
27% Comm,
19% 32%
31%
Computer,
Computer,
22%
24%
I.M.A., Auto , 13%
Auto , 10%
I.M.A., 12%
10%
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-
Comm: including handsets
-
I (Industrial), M (Medical), A (Aerospace-defense)
2018Q4 NOR revenue comparison
Consumer
Computer Consumer -12% QoQ -23% QoQ -21% YoY -48% YoY
Communication -10% QoQ -25% YoY
Automotive -16% QoQ -3% YoY
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- 營運現況 NOR Flash ( 母公司 )
2017 NOR revenue breakdown
2018 NOR revenue breakdown
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Consumer, Consumer, Comm,
29% Comm, 31% 21% 30%
Computer,
Computer,
23% Auto , 13%
22%
I.M.A.,
Auto, 10%
I.M.A, 8% 13%
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-
Comm: including handsets
-
I (Industrial), M (Medical), A (Aerospace-defense)
2018 NOR revenue comparison
Computer -6% YoY
Consumer
-32% YoY
Communication Automotive -13% YoY +14% YoY
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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]