Macronix — Investor Presentation 2014

Jul 30, 2014

旺宏電子 2014 年第二季法人說明會

2014/07/30

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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 年第二季營運概況

2014第二季 2014第一季 實際營運 實際營運 營收淨額 NT$ 5.0B NT$ 4.8 B 營業毛利率 6% 18% 營業淨利率 -36% -27%

• 營收淨額較上季增加4%，主因為快閃記憶體需求增加

• 毛利率較上季減少 12 個百分點，主因為較低的產能利用率及提列存 貨備抵損失

• 營業利益率低於上一季，主因為較低的毛利

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2014 年第二季合併綜合損益比較表

單位：	2014/Q2 2014/Q1 2013/Q2 營業收入淨額 4,973 4,790 5,231 營業毛利 278 860 225 營業毛利率 6% 18% 4% 營業費用 (2,076) (2,131) (2,089) 營業淨損 (1,798) (1,271) (1,864) 營業外收(支) (2) (13) 11 稅前淨損 (1,800) (1,284) (1,853) 所得稅費用 (2) (1) (1) 本期淨損 (1,802) (1,285) (1,854) 其他綜合損益 (25) 265 (72) 本期綜合損益 (1,827) (1,020) (1,926) 淨利歸屬予 母公司業主 (1,796) (1,276) (1,840) 非控制權益 (6) (9) (14) 新台幣佰萬元(每股損益為元)	QoQ YoY Change Change 4% (5%) (68%) 23% -12ppt 2ppt (3%) (1%) 41% (4%) (82%) 40% (3%) 78% 90% 40% (3%) (65%) 79% (5%) 41% (2%) (36%) (59%)
	基本每股虧損*(NT$) (0.51) (0.36) (0.52)	43% (1%)
	加權平均流通在外股數(佰萬股) 3,518 3,518 3,518

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財務重要資訊

2014 YTD Sales = NTD 9,763 M +1% YoY

2014 YTD GP = NTD 1,138M

營業收入 單位：新台幣佰萬元

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營業收入 營業毛利
單位：新台幣佰萬元 單位：新台幣佰萬元
1,138M
10,000 9,636M 9,763M
1,250
8,000
40M
6,000
750
4,000
2,000 250
0
13Q1 Q2 Q3 Q4 14Q1 Q2
13Q1 Q2 Q3 Q4 14Q1 14Q2 (250)
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2014 年第二季財務重要資訊

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2014Q2 2013Q2
Gross Margin (%) 6% 4%
EPS (NTD) (0.51) (0.52)
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營業毛利率

每股虧損

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GM%
25%
18% 18%
12%
15%
6%
4%
5%
(4%)
-5% 13Q1 Q2 Q3 Q4 14Q1 Q2
-15%
-25%
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* 每股盈餘已追朔調整
NTD
1.00
0.75
(1.79)
0.50
0.25
0.00
13Q1 Q2 Q3 Q4 14Q1 Q2
(0.25)
(0.26)
(0.36)
(0.50) (0.42)
(0.59) (0.52) (0.51)
(0.75)
(1.00)
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2014 年第二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	2014/06/30 2014/03/31
	7,443 9,626 9,656 9,506 23,607 25,321 47,924 51,469 6,028 7,226 10,944 10,909 22,055 23,763 25,869 27,705 46.0% 46.2% 7.35 7.87 2014/Q2 2014/Q1
	1,902 1,886 (449) (339) (471) (857) 172 672

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- 2014 年第二季銷售額分析 產品別 ( 母公司 )

單位：新台幣佰萬元

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6,000
QoQ YoY
4,000
Change Change
63%
68% Flash +9% +7%
71%
ROM -15% -41%
FBG +12% +8%
2,000
25% * FBG (foundry business group)
19% 15%
12% 13% 14%
0
2013Q2 2014Q1 2014Q2
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- 2014 年第二季銷售量分析 產品別 ( 母公司 )

單位：佰萬顆

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500
400
QoQ YoY
Change Change
300
Flash +5% +7%
96% 97% 98%
ROM -1% -42%
200
FBG +10% +11%
100 * Equivalent 8” WF base for FBG
(foundry business group)
4% 3% 2%
0
2013Q2 2014Q1 2014Q2
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- 2014 年第二季記憶體產品銷售額分析 製程別

單位：新台幣佰萬元

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6,000
6%
4,000 11%
13%
17%
6%
8%
15%
28%
45nm
24%
65 nm
75 nm
2,000
≧0.10μm
62% 55%
55%
0
2013Q2 2014Q1 2014Q2
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約當八吋晶圓產出量

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Wafer 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
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營運現況 - ROM

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Density shipment index:
1,200 2009Q1 =100
976
1,000 914
802
800
600 528 511
502
393
365
342
400 306 350
320
193
139
200 161 156
111
120
100 106
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
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年第二季 ROM 營收 61%

• 32 奈米 16G/32G 產品將於於14Q3通過認證並且於14Q4出貨

• 每顆產品平均容量: 2013年全年平均為6.5Gb, 2014年第一季為 6.7Gb及2014年第二季為6.0 Gb; 預期於Q3將會更高

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NTD % ROM (by tech & sales)
100%
14%
24%
33% 35%
80%
57%
60% 61%
60% 78%
84%
76%
67% 45 nm
40%
59% 57%
65 nm
38% 75 nm
36% 34%
20%
≧0.10μm
10% 20%
0% 7% 3% 4%5% 5% 3% 3%2% 2%2% 2%3% 6% 3%5% 1% 1%
13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 2012 2013 2014E
12
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營運現況 - NOR Flash

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750 Density shipment index:
2009Q1 =100
569
542
530 505
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
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年第二季NOR營收30%

• 55奈米 parallel / serial 1Gb NOR CS 已於14Q2試產

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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% 21% 12% 16%
33%
80%
80%
55%
60% 60% 54%
53%
93%
85%
40% 81% 77% 74% 72% 70% 79% 40%
67%
75 nm 20% 20% 38%
34%
≧ 0.10µm 31%
0% 0%
13Q1 13Q2 13Q3 13Q4 14Q1 14Q2 2012 2013 2014E 2012 2013 2014E
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營運現況 – 2014 第二季 NOR Flash 產品應用分析

2014 第二季 NOR

營收分析

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Consumer,
Comm,
33%
19%
•OTHERS includes
Industrials and others
Computer, Handset,
22% Auto, 9% 12%
Others, 5%
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2014 第二季 NOR

銷售量分析

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QTY.
(M ea) Computer Consumer Communication Handset Auto
-
3% QoQ +13% QoQ +4% QoQ -3% QoQ +12% QoQ
200 -2% YoY +20% YoY +1% YoY -10% YoY -5% YoY
150
150 150 150 150
100
100 100 100 100
50 50 50 50 50
0 2014Q1 2014Q2 0 2014Q1 2014Q2 0 2014Q1 2014Q2 0 2014Q1 2014Q2 0 2014Q1 2014Q2
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營運現況 - NAND

� NAND flash business

• 75奈米 1Gb 3V (for automotive) NAND CS 已於14 Q2送樣認證

• 36奈米 4Gb MCP NAND CS (for STB/networking)已於14 Q2送樣認證

• 36奈米 8Gb SLC NAND ES (for handsets)已於14 Q2送樣認證

NAND Flash equivalent density shipment

2014Q2 NAND Revenue breakdown

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Density shipment index: 2013Q1 =100
20,000
Revenue breakdown 17,186
15,000
Comm,
Consumer, 50%
10,000
41%
Others, 8%
4,321
5,000
Computer,
2,030
1,483
1%
100 316
0
2013Q1 Q2 Q3 Q4 2014Q1 Q2
•OTHERS includes
Industrials and others
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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