Macronix — Investor Presentation 2014

Oct 30, 2014

旺宏電子 2014 年第三季法人說明會

2014/10/30

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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。

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2014 年第三季營運概況

2014第三季 2014第二季 實際營運 實際營運 營收淨額 NT$ 6.7 B NT$ 5.0 B 營業毛利率 17% 6% 營業淨利率 -16% -36%

• 營收淨額較上季增加35%，主因為對全線產品需求增加

• 毛利率較上季增加11 個百分點，主因為較高的產能利用率及迴轉存貨備抵損失

• 營業利益率高於上一季，主因為較高的毛利

• 由於不佳的產品組合及非經常性發生之法律費用，單月尚未達到損益兩平點

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2014 年第三季合併綜合損益比較表

2014/Q3 2014/Q2 2013/Q3 營業收入淨額 6,691 4,973 6,708 營業毛利 1,140 278 1,231 營業毛利率 17% 6% 18% 營業費用 (2,239) (2,076) (2,160) 營業淨損 (1,099) (1,798) (929) 營業外收(支) (1) (2) 22 稅前淨損 (1,100) (1,800) (907) 所得稅費用 (1) (2) (1) 本期淨損 (1,101) (1,802) (908) 其他綜合損益 25 (25) (31) 本期綜合損益 (1,076) (1,827) (939) 淨利歸屬予 母公司業主 (1,097) (1,796) (897) 非控制權益 (4) (6) (11) ：新台幣佰萬元(每股損益為元)	QoQ YoY Change Change 35% (0.3%) 310% (7%) 11ppt -1ppt 8% 4% (39%) 18% (60%) (39%) 21% (46%) 34% (39%) 21% (41%) 15% (39%) 22% (25%) (59%)
基本每股虧損*(NT$) (0.31) (0.51) (0.26)	(40%) 20%
加權平均流通在外股數(佰萬股) 3,518 3,518 3,518

單位：新台幣佰萬元 ( 每股損益為元 )

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財務重要資訊

2014 YTD Sales = NTD 16,454 M +1% YoY

2014 YTD GP = NTD 2,278M +79% YoY

營業收入
單位：新台幣佰萬元

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16,454M
10,000 16,344M
8,000
6,000
4,000
2,000
0
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3
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營業毛利
單位：新台幣佰萬元
2,278M
1,271M
1,250
750
250
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3
(250)
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2014 年第三季財務重要資訊

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2014Q3 2013Q3
營業毛利率 17% 18%
每股損益 (NTD) (0.31) (0.26)
營業毛利率 每股損益
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營業毛利率
25%
18%
17%
18%
12%
15%
5% 6%
4%
-4%
-5% 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3
-15%
-25%
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* 每股盈餘已追朔調整

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單位:新台幣元
1.00
0.75
0.50 (1.37) (1.19)
0.25
0.00
13Q1 Q2 Q3 Q4 14Q1 Q2 Q3
(0.25)
(0.26)
(0.31)
(0.36)
(0.50) (0.42)
(0.59) [(0.52)] (0.51)
(0.75)
(1.00)
(1.79)
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2014 年第三季合併簡明資產負債表 / 現金流量資訊

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 營業活動淨現金流入(出) EBITDA 單位：新台幣佰萬元	2014/09/30 2014/06/30
	7,257 7,443 9,554 9,656 22,420 23,607 47,596 47,924 7,409 6,028 10,097 10,944 22,789 22,055 24,807 25,869 47.9% 46.0% 7.05 7.35 2014/Q3 2014/Q2
	1,892 1,902 (607) (449) (139) (471) 798 172

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- 2014 年第三季銷售額分析 產品別 ( 母公司 )

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單位：新台幣佰萬元
8,000
6,000
QoQ YoY
Change Change
57%
54%
Flash +8% +6%
4,000
ROM +181% -16%
71%
FBG +9% +36%
2,000
32%
38% * FBG (foundry business group)
15%
8% 14% 11%
0
2013Q3 2014Q2 2014Q3
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- 2014 年第三季銷售量分析 產品別 ( 母公司 )

單位：佰萬顆

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600
500
QoQ YoY
400 Change Change
Flash +17% +17%
300
94% 98% 96%
ROM +89% -27%
FBG +7% +40%
200
Equivalent 8” WF base for FBG
100
(foundry business group)
6% 2% 4%
0
2013Q3 2014Q2 2014Q3
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約當八吋晶圓產出量

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

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營運現況 - ROM

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Density shipment index:
1,400 2009Q1 =100
1,250
1,200
976
1,000 914
802
800
600 528 511
502
393
365
342
400 306 350
320
193
200 161 156 111 139
100 106 120
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
2009 2010 2011 2012 2013 2014
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營運展望

� ROM business

• 45 奈米製程產品佔 2014 年第三季 ROM 營收 80%

• 32 奈米 16/32Gb 產品將於於 11 月通過認證並於 12 月出貨

• 、

• 每顆產品平均容量 : 2014 年第一季至第三季分別為 6.7Gb 6.0 Gb 及 11.4Gb

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NTD % ROM (by tech & sales)
100%
14%
24%
33% 35%
80%
57% 60% 61%
60% 80% 75%
84%
76%
45 nm
67%
40%
59% 57%
65 nm
75 nm
38%
20% 36% 34%
10% 23% ≧0.10μm
18%
5%
0% 7% 3% 4%5% 5% 3% 3%2% 2%2% 2%3% 1% 1% 6% 3% 1% 1%
13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 2012 2013 2014E
11
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營運現況 - NOR Flash

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750 Density shipment index:
2009Q1 =100
640
569
542
505
530
480
500
460
422 425
382 390
360
317
299
298
272 270 256
250
250 227
192
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
2009 2010 2011 2012 2013 2014
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營運展望

� NOR flash business

• 75 奈米製程產品佔 2014 年第三季 NOR 營收 33%

• 55 奈米 parallel / serial 512Mb NOR CS 已於 14Q3 送樣認證

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High density Mid density (32Mb~128Mb) Low density

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Low density
NTD % 100% NOR (by tech & sales) NTD % NOR (by density & sales)
7% 100%
7%
15% 19% 23% 26% 28% 30% 33% 21% 32% 12% 15%
80%
80%
55%
60% 60% 54% 53%
93%
85%
40% 81% 77% 74% 72% 70% 79% 40%
67% 68%
75 nm 20% 20% 38%
≧ 0.10µm 34% 32%
0% 0%
13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 14Q3 2012 2013 2014E 2012 2013 2014E
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營運現況 – 2014 第三季 NOR Flash 產品應用分析

2014 第三季 NOR

營收分析

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Consumer,
34% Comm,
21%
Computer,
21% Handset,
Auto, 9% 10%
Industrial,
5%
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2014 第三季 NOR

銷售量分析

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QTY.
(M ea) Computer Consumer Communication Handset Auto
+22% QoQ +19% QoQ +21% QoQ +1% QoQ +10% QoQ
200 +18% YoY +21% YoY +24% YoY -11% YoY -7% YoY
150
150 150 150 150
100
100 100 100 100
50 50 50 50 50
0 2014Q2 2014Q3 0 2014Q2 2014Q3 0 2014Q2 2014Q3 0 2014Q2 2014Q3 0 2014Q2 2014Q3
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營運現況 – SLC NAND

� SLC NAND flash business

• 36 奈米 2Gb NAND CS (for STB, networking) 已於 14 Q3 送樣認證

• 36 奈米 4Gb NAND ES(for networking) 已於 10 月送樣認證

• 36 奈米 1.8V 1Gb NAND ES(for wireless )已於 14 Q3 送樣認證

2014 第三季 NAND

SLC NAND Flash equivalent density shipment

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30,000
營收分析 Density shipment index: 2013Q1 =100
25,617
25,000
Consumer, 20,000
17,186
52% Comm,
40% 15,000
10,000
Others, 8%
4,321
5,000
1,483 2,030
100 316
0
2013Q1 Q2 Q3 Q4 2014Q1 Q2 Q3
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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