Macronix — Investor Presentation 2013

Oct 30, 2013

旺宏電子 2013 年第三季法人說明會

2013/10/30

==> picture [287 x 153] intentionally omitted <==

免責聲明

==> picture [721 x 33] intentionally omitted <==

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瞄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。

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 1
----- End of picture text -----

2013 年第三季營運概況

==> picture [721 x 33] intentionally omitted <==

2013第三季 2013第二季 實際營運 實際營運 營收淨額 NT$ 6.7 B NT$ 5.2 B 營業毛利率 18% 4% 營業淨利率 -14% -36% 產能利用率 92% 88%

• 營收淨額較上季增加28%，主因為客戶對各產品線的需求增加

• 毛利率及營業利益率高於上一季，主因為較高的營收，較好的 工廠生產與較佳的良率

• 產能利用率較上一季提高，主因為產能效率提升

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 2
----- End of picture text -----

2013 年第三季合併綜合損益比較表

==> picture [721 x 33] intentionally omitted <==

2013/Q3 2013/Q2 2012/Q3 營業收入淨額 6,708 5,231 7,363 營業毛利 1,231 225 892 營業毛利率 18% 4% 12% 營業費用 (2,160) (2,089) (2,087) 營業淨損 (929) (1,864) (1,195) 營業外收(支) 22 11 25 稅前淨損 (907) (1,853) (1,170) 所得稅費用 (1) (1) (32) 本期淨損 (908) (1,854) (1,202) 其他綜合損益 (31) (72) (28) 本期綜合損益 (939) (1,926) (1,230) 淨利歸屬予 母公司業主 (897) (1,840) (1,184) 非控制權益 (11) (14) (18) 基本每股虧損*(NT$) (0.26) (0.52) (0.33) 加權平均流通在外股數(佰萬股) 3,518 3,518 3,516 單位：新台幣佰萬元(每股損益為元)	2013/Q3 2013/Q2 2012/Q3 營業收入淨額 6,708 5,231 7,363 營業毛利 1,231 225 892 營業毛利率 18% 4% 12% 營業費用 (2,160) (2,089) (2,087) 營業淨損 (929) (1,864) (1,195) 營業外收(支) 22 11 25 稅前淨損 (907) (1,853) (1,170) 所得稅費用 (1) (1) (32) 本期淨損 (908) (1,854) (1,202) 其他綜合損益 (31) (72) (28) 本期綜合損益 (939) (1,926) (1,230) 淨利歸屬予 母公司業主 (897) (1,840) (1,184) 非控制權益 (11) (14) (18) 位：新台幣佰萬元(每股損益為元)	QoQ YoY Change Change 28% (9%) 446% 38% 14ppt 6ppt 3% 3% (50%) (22%) 100% (14%) (51%) (22%) (24%) (98%) (51%) (24%) (57%) 12% (51%) (24%) (51%) (24%) (25%) (42%)
	基本每股虧損*(NT$) (0.26) (0.52) (0.33)	(50%) (22%)

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 3
----- End of picture text -----

財務重要資訊

==> picture [721 x 33] intentionally omitted <==

==> picture [712 x 406] intentionally omitted <==

----- Start of picture text -----

2013 Q3 Sales = NTD 6,708 M 2013 YTD GP = NTD 1,271 M
-9% YoY -43% YoY
營業毛利
營業收入
單位：新台幣佰萬元 單位：新台幣佰萬元
18,389M 16,344M 2,227M 1,271M
10,000 1,500
8,000
1,000
6,000
500
4,000
2,000
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 (500)
24,229M 2,406M
----- End of picture text -----

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 4
----- End of picture text -----

2013 年第三季財務重要資訊

==> picture [564 x 127] intentionally omitted <==

----- Start of picture text -----

2013第三季 2012第三季
Gross Margin (%) 18% 12%
EPS (NTD) (0.26) (0.33)
----- End of picture text -----

營業毛利率

每股虧損

==> picture [327 x 219] intentionally omitted <==

----- Start of picture text -----

GM%
25%
18%
15%
15% 12%
10%
2% 4%
5%
-5% 12Q1 Q2 Q3 Q4 13Q1 Q2 Q3
(4%)
-15%
-25%
----- End of picture text -----

==> picture [337 x 232] intentionally omitted <==

----- Start of picture text -----

* 每股虧損已追溯調整
單位：新台幣元
1.00
0.75
(1.55)
0.50
0.25
0.00
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3
(0.25)
(0.26)
(0.31) (0.33)
(0.50) (0.40)
(0.51)
(0.59) (0.52)
(0.75)
(1.00)
----- End of picture text -----

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 5
----- End of picture text -----

2013 年第三季合併簡明資產負債表 / 現金流量資訊

==> picture [721 x 33] intentionally omitted <==

現金及約當現金 存貨(淨額) 固定資產 總資產 短期應計息借款 長期應計息借款 總負債 股東權益 負債佔資產比率(%) 每股淨值(新台幣元) 折舊&攤銷 資本支出 營業活動淨值現金流入 EBITDA 單位：新台幣佰萬元	09/30/2013	06/30/2013
	12,783 8,709 27,534 56,703 7,063 13,034 26,606 30,097 47% 8.5 2013/Q3	13,929 8,046 27,325 56,352 5,944 13,238 25,317 31,035 45% 8.8 2013/Q2
	1,934 (1,739) (306)	1,974 (886)
		(469)
	1,111	208

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 6
----- End of picture text -----

- 2013 年第三季銷售額分析 產品別 ( 母公司 )

單位：新台幣佰萬元

==> picture [688 x 381] intentionally omitted <==

----- Start of picture text -----

8,000
6,000
QoQ YoY
52%
Change Change
54%
Flash +10% -5%
4,000
63% ROM +98% -12%
FBG -13% -16%
2,000
39%
FBG (foundry business group)
38%
25%
9%
12% 8%
0
2012Q3 2013Q2 2013Q3
Copyright © Macronix International Co., Ltd. 7
----- End of picture text -----*

- 2013 年第三季銷售量分析 產品別 ( 母公司 )

單位：佰萬顆

==> picture [690 x 338] intentionally omitted <==

----- Start of picture text -----

500
400
QoQ YoY
Change Change
300
Flash +6% +11%
94%
91%
ROM +51% -24%
96%
200
FBG -16% -11%
100 * Equivalent 8” WF base for FBG
(foundry business group)
9% 4% 6%
0
2012Q3 2013Q2 2013Q3
----- End of picture text -----

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 8
----- End of picture text -----

- 2013 年第三季記憶體產品銷售額分析 製程別

==> picture [674 x 472] intentionally omitted <==

----- Start of picture text -----

單位：新台幣佰萬元
8,000
6,000
38%
10%
45nm
6% 19%
4,000
9% 65 nm
17%
75 nm
18%
15%
0.10 m
μ
0.13 m
μ
47%
2,000 53% ≧ 0.15 μ m
47%
2%
4% 3%
0 4% 5% 3%
12Q3 13Q2 13Q3
Copyright © Macronix International Co., Ltd. 9
----- End of picture text -----

約當八吋晶圓產出量 & 產能利用率

==> picture [721 x 33] intentionally omitted <==

Wafer Out

產能利用率

==> picture [695 x 312] intentionally omitted <==

----- Start of picture text -----

400,000 120%
102%
350,000 100% 101% [103%]
99%
94% 95% 93% 97% 94% 92% 88% 92% 100%
91% [88%]
84%
300,000 92% 90% 97% 79% 80% 84%
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 Q413Q1Q2 Q3
----- End of picture text -----

*LHS: Amount of Wafer Out； RHS: Utilization rate

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 10
----- End of picture text -----

營運現況 - ROM

==> picture [721 x 33] intentionally omitted <==

==> picture [714 x 462] intentionally omitted <==

----- Start of picture text -----

Density shipment index:
1,500 2008Q1 =100 1,440
1,184
1,200
900
779 755
741
539
600 506
473 452
285
300 250 237 230 205
211 164
177
148 157
124 123
100 107
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2008 2009 2010 2011 2012 2013
Copyright © Macronix International Co., Ltd. 11
----- End of picture text -----

營運展望

==> picture [721 x 33] intentionally omitted <==

� ROM business

• 45奈米製程產品佔2013年第三季ROM營收33%

• 45nm 16/32Gb 32 I/O ROM 已於2013Q3出貨, 應用於遊戲類的終端產品

• 32nm 32Gb ES 已於Q3送樣認證

• 第二季每顆產品平均容量為 5Gb, 第三季為6.4Gb

• Hybrid memory 產品已出貨，用於遊戲類產品中

==> picture [449 x 247] intentionally omitted <==

----- Start of picture text -----

NTD % ROM (by tech & sales)
100%
14%
24%
80% 33% 39%
75%
60%
85% 87% 84%
76%
67%
40%
59% 45 nm
53%
65 nm
20%
17% 75 nm
8% 8% 11%
0% 8% 7% 5% 5% 3% 7% 4% 5% 5%3% 5% 3% ≧0.10μm
12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 2013E
----- End of picture text -----

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 12
----- End of picture text -----

營運現況 - NOR Flash

==> picture [690 x 471] intentionally omitted <==

----- Start of picture text -----

1,000
Density shipment index: 934
2008Q1 =100
808
800 763
700 [705]
647
633
597
600
525
494 497
451 447
425
416
400 376
318
287
200 163 166
141
115
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
2008 2009 2010 2011 2012 2013
Copyright © Macronix International Co., Ltd. 13
----- End of picture text -----

Current status of memory business

� NOR flash business

• 75奈米製程產品佔2013年第三季NOR營收23%

• 75nm 64Mb 3V serial NOR products 已通過core-chip 供應商認證，將應用於次 世代電腦計算平台

• 75nm 16Mb 1.8V 已通過韓國手機製造商認證

• 55nm parallel 512Mb ES 樣品已於 Q3 送樣認證

• 36nm 4Gb NAND ES 將於 Q4 送樣

NTD %

==> picture [137 x 13] intentionally omitted <==

----- Start of picture text -----

NOR (by tech & sales)
----- End of picture text -----

==> picture [348 x 199] intentionally omitted <==

----- Start of picture text -----

100%
1%
4% 10% 12% 15%
19%
23% 22%
80%
60%
84% 83% 17%
81% 77%
5% 76% 71%
1% 68% 35% 69%
40% 17% 22% 31% 75 nm 33%
0.11 μ m
20%
0.13 μ m
6% 5%
4% 5% 4% 5% 5% 5%
9% 8% 5% 6% 5% 5% 4% 4% ≧ 0.15 μ m
0%
12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 2013E
----- End of picture text -----

NTD %

NOR (by density & sales)

==> picture [330 x 199] intentionally omitted <==

----- Start of picture text -----

100%
5% 7%
13%
80%
58% 55%
60% 5% 4% 53%
6% 7%
7%
4% 8%
6% 10% [11%]
40%
High density
20% 37% 38% 34% Mid density
Low density
0%
2011 2012 2013E
----- End of picture text -----

==> picture [667 x 37] intentionally omitted <==

----- Start of picture text -----

Copyright © Macronix International Co., Ltd. 14
----- End of picture text -----

營運現況 – 2013 第三季 NOR Flash 產品應用分析

==> picture [721 x 33] intentionally omitted <==

2013 第三季 NOR

營收分析

==> picture [441 x 125] intentionally omitted <==

----- Start of picture text -----

Consumer
Comm
32%
21%
•OTHERS includes
Computer Handset
Industrials and others
23% 12%
Others Auto
3% 9%
----- End of picture text -----

銷售量分析

Handset

==> picture [713 x 216] intentionally omitted <==

----- Start of picture text -----

銷售量 Computer Consumer Communication Handset Auto
( 佰萬顆 ) +1% QoQ +21% QoQ -1% QoQ +3% QoQ +12% QoQ
200 -7% YoY +24% YoY +14% YoY +23% YoY +45% YoY
150
150 150 150
150
100
100 100 100 100
50 50 50 50 50
0 2013Q2 2013Q3 0 2013Q2 2013Q3 0 2013Q2 2013Q3 0 2013Q2 2013 0 2013Q2 2013Q3
Copyright © Macronix International Co., Ltd. 15
----- 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 ir@mxic.com.tw