Macronix — Investor Presentation 2014

Jan 28, 2014

旺宏電子 2013 年第四季法人說明會

2014/01/28

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免責聲明

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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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2013 年第四季營運概況

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2013第四季 2013第三季 實際營運 實際營運 營收淨額 NT$ 5.9 B NT$ 6.7 B 營業毛利率 12% 18% 營業淨利率 -25% -14% 產能利用率 91% 92%

• 營收淨額較上季減少 13%，主因為季節性因素減少對 ROM產品需求

• 毛利率及營業利益率低於上一季，主因為較低的營收

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2013 年第四季合併綜合損益比較表

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2013/Q4 2013/Q3 2012/Q4 營業收入淨額 5,860 6,708 5,839 營業毛利 680 1,231 179 營業毛利率 12% 18% 3% 營業費用 (2,148) (2,160) (1,999) 營業淨損 (1,468) (929) (1,820) 營業外收(支) (41) 22 (85) 稅前淨損 (1,510) (907) (1,905) 所得稅費用 (2) (1) 110 本期淨損 (1,512) (908) (1,795) 其他綜合損益 141 (31) (55) 本期綜合損益 (1,371) (939) (1,850) 淨利歸屬予 母公司業主 (1,501) (897) (1,775) 非控制權益 (11) (11) (20) 基本每股虧損*(NT$) (0.42) (0.26) (0.51) 加權平均流通在外股數(佰萬股) 3,518 3,518 3,516 單位：新台幣佰萬元(每股損益為元)	2013/Q4 2013/Q3 2012/Q4 營業收入淨額 5,860 6,708 5,839 營業毛利 680 1,231 179 營業毛利率 12% 18% 3% 營業費用 (2,148) (2,160) (1,999) 營業淨損 (1,468) (929) (1,820) 營業外收(支) (41) 22 (85) 稅前淨損 (1,510) (907) (1,905) 所得稅費用 (2) (1) 110 本期淨損 (1,512) (908) (1,795) 其他綜合損益 141 (31) (55) 本期綜合損益 (1,371) (939) (1,850) 淨利歸屬予 母公司業主 (1,501) (897) (1,775) 非控制權益 (11) (11) (20) 位：新台幣佰萬元(每股損益為元)	QoQ YoY Change Change (13%) 0.4% (45%) 281% -6ppt 9ppt (1%) 7% 58% (19%) - (51%) 66% (21%) 176% - 67% (16%) - - 46% (26%) 67% (15%) 2% (46%)
	基本每股虧損*(NT$) (0.42) (0.26) (0.51)	64% (17%)

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2013 年全年合併綜合損益比較表

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2013 2012 營業收入淨額 22,204 24,229 營業毛利 1,951 2,406 營業毛利率 9% 10% 營業費用 (8,307) (7,868) 營業淨損 (6,356) (5,462) 營業外收(支) 3 (117) 稅前淨損 (6,353) (5,579) 所得稅費用 (5) 61 本期淨損 (6,358) (5,518) 其他綜合損益 111 (55) 本期綜合損益 (6,247) (5,573) 淨利歸屬予 母公司業主 (6,306) (5,438) 非控制權益 (52) (80) 基本每股虧損*(NT$) (1.79) (1.55) 加權平均流通在外股數(佰萬股) 3,518 3,516 單位：新台幣佰萬元(每股損益為元)	2013 2012 營業收入淨額 22,204 24,229 營業毛利 1,951 2,406 營業毛利率 9% 10% 營業費用 (8,307) (7,868) 營業淨損 (6,356) (5,462) 營業外收(支) 3 (117) 稅前淨損 (6,353) (5,579) 所得稅費用 (5) 61 本期淨損 (6,358) (5,518) 其他綜合損益 111 (55) 本期綜合損益 (6,247) (5,573) 淨利歸屬予 母公司業主 (6,306) (5,438) 非控制權益 (52) (80) 單位：新台幣佰萬元(每股損益為元)	YoY Change (8%) (19%) (1ppt) 6% 16% - 14% - 15% - 12% 16% (34%)
	基本每股虧損*(NT$) (1.79) (1.55)	16%

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財務重要資訊

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2013Q4 Sales = NTD 5,860 M
0.4% YoY
2013 Sales = NTD 22,204 M
-8% YoY
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營業收入 單位：新台幣佰萬元

2013Q4 GP = NTD 680 M 281% YoY 2013 GP = NTD 1,951 M -19% YoY

營業毛利 單位：新台幣佰萬元

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24,229M
22,204M
10,000
8,000
6,000
4,000
2,000
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4
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2,406M 1,951M
1,500
1,000
500
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4
(500)
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2013 年第四季財務重要資訊

	2013年	2012年
Gross Margin (%)	9%	10%
EPS (NTD)	(1.79)	(1.55)

營業毛利率

每股虧損

GM%

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25%
18%
15%
12%
15% 12%
10%
3% 4%
5%
-5% 1 2Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4
(4%)
-15%
-25%
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• 每股虧損已追溯調整 單位：新台幣元

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1.00
0.75 (1.79)
(1.55)
0.50
0.25
0.00
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4
(0.25)
(0.26)
(0.31) (0.33)
(0.50) (0.40)
(0.51) (0.42)
(0.59) (0.52)
(0.75)
(1.00)
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2013 年第四季合併簡明資產負債表 / 現金流量資訊

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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	12/31/2013	09/30/2013
	11,979 8,795 26,728 54,046 8,223 10,943 25,320 28,726 47% 8.15 2013/Q4	12,783 8,709 27,534 56,703 7,063 13,034 26,606 30,097 47% 8.54 2013/Q3
	1,860 (1,212) 1,539	1,934 (1,739) (306)
	429	1,111

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2013 年合併簡明資產負債表 / 現金流量資訊

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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	12/31/2013 12/31/2012
	11,979 19,097 8,795 6,860 26,728 29,884 54,046 62,331 8,223 5,322 10,943 15,800 25,320 27,360 28,726 34,971 47% 44% 8.15 9.93 2013 2012
	7,744 7,912 (4,318) (2,806) (579) 1,870 1,726 2,636

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- 2013 年第四季銷售額分析 產品別 ( 母公司 )

單位：新台幣佰萬元

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8,000
6,000
QoQ YoY
52%
Change Change
54%
54%
Flash -6% +3%
4,000 57%
58%
63% ROM -21% -4%
FBG -17% +8%
2,000
39% 38%
FBG (foundry business group)
36% 34%38%
25%
7%9% 12% 8% 8% 8%
0
2012Q4 2013Q3 2013Q4
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- 2013 全年銷售額分析 產品別 ( 母公司 )

單位：新台幣佰萬元

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30,000
25,000
YoY
20,000
Change
57%
Flash -4%
15,000 60%
ROM -17%
10,000 FBG -2%
34%
FBG (foundry business group)
30%
5,000
9% 10%
0
2012 2013
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- 2013 年第四季銷售量分析 產品別 ( 母公司 )

單位：佰萬顆

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500
400
QoQ YoY
Change Change
300
Flash -2% +19%
94%
95%
ROM -29% -24%
200 93%
FBG -11% +11%
100 * Equivalent 8” WF base for FBG
(foundry business group)
7% 6% 5%
0
2012Q4 2013Q3 2013Q4
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- 2013 全年銷售量分析 產品別 ( 母公司 )

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單位：佰萬顆
2,000
1,600
YoY
Change
1,200
Flash +13%
95% ROM -25%
800 93%
FBG -1%
400 * Equivalent 8” WF base for FBG
(foundry business group)
7% 5%
0
2012 2013
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- 2013 年第四季記憶體產品銷售額分析 製程別

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單位：新台幣佰萬元
6,000
10%
18%
30%
19%
4,000
12%
12%
18% 45nm
19%
65 nm
75 nm
0.10 m
μ
2,000
0.13 m
50% μ
47%
46% ≧0.15μm
3%
3% 3%
5% 3% 2%
0
12Q4 13Q3 13Q4
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- 2013 全年記憶體產品銷售額分析 製程別

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單位：新台幣佰萬元
24,000
20,000
31%
10%
16,000
16%
8%
12,000 17% 45nm
65 nm
75 nm
8,000
52%
0.10 m
μ
0.13 m
50% μ
4,000 ≧0.15μm
3% 3%
6% 4%
0
2012 2013
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約當八吋晶圓產出量 & 產能利用率

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Wafer Out

產能利用率

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400,000 120%
102%
350,000 101% 103%
100% 97% 99% 94% 100%
97% 92% 91% 88% 88%92% 91%
300,000 93% 86% 84%
84%
79% 80%
90%
75% 80%
250,000
69%
Design capacity
200,000 60%
150,000
47%
40%
100,000
20%
50,000
0 0%
08Q1 Q2 Q3 Q409Q1 Q2 Q3 Q410Q1 Q2 Q3 Q411Q1 Q2 Q3 Q412Q1 Q2 Q3 Q413Q1 Q2 Q3 Q4
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*LHS: Amount of Wafer Out； RHS: Utilization rate

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營運現況 - ROM

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Density shipment index:
1,500 2008Q1 =100 1,440
1,350
1,184
1,200
900
755
779
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 Q4
2008 2009 2010 2011 2012 2013
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營運展望

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� ROM business

• 45 奈米製程產品佔2013年第四季 ROM 營收 57%

• 32 / 45奈米 32Gb Hybrid memory ES 樣品已於 13Q4 送樣認證

• 45 奈米 4G/8G Hybrid memory ES 樣品已於 13Q4 送樣認證並預計於14Q1試產

• 每顆產品平均容量: 第二季為 5Gb, 第三季為6.4Gb,第四季為 8.5Gb

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NTD % ROM (by tech & sales)
100%
14%
24%
35%
80% 33%
57%
75%
60%
85% 87% [84%]
76% 32 nm
67%
40% 45 nm
59% 57%
65 nm
38%
75 nm
20%
17%
8% 11% ≧0.10μm
8% 5%
7% 4% 5% 3%
0% 8% 7% 5% 5% 3% 5% 3% 2% 3%
12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4 2013
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營運現況 - NOR Flash

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1,000 974
Density shipment index: 934
2008Q1 =100
808
800 763
700 705
647
633
597
600
525
494 497
451 447
425
416
376
400
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 Q4
2008 2009 2010 2011 2012 2013
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營運展望

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� NOR flash business

• 75奈米製程產品佔2013年第四季NOR營收26%

• 55奈米 serial 1Gb 3V NOR ES 樣品將於14 Q1 送樣認證

• 55奈米 parallel 1Gb NOR ES 樣品將於 14Q1 送樣認證

• 36奈米 4Gb NAND ES 樣品已於 13Q4 送樣認證

• 36奈米 2Gb NAND ES 樣品將於 14Q1 送樣認證

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High density
Mid density
NTD % NOR (by tech & sales) NTD %
Low density
100% NOR (by density & sales)
1%
4% 10% 12% 15% 100% 5% 7%
19% 23% 26% 21% 12%
21%
80%
75 nm 80%
0.11 μ m
58% 55%
0.13 μ m 60% 84% 60% 54%
83%
51%
≧ 0.15 μ m 81% 77% 76% 71% 68% 70%
40% 67% 40%
20% 20% 37% 38%
34%
28%
6% 5%
4% 5% 4% 5% 5% 4% 5%
0% 9% 8% 5% 6% 5% 5% 4% 3% 4% 0%
12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 13Q4 2013 2011 2012 2013 2014E
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營運現況 – 2013 第四季 NOR Flash 產品應用分析

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2013 第四季 NOR

營收分析

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Consumer
Comm
29%
23%
•OTHERS includes
Computer Handset
Industrials and others
23% 13%
Others Auto
4% 8%
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2013 第四季銷售量分析

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銷售量
( 佰萬顆 ) Computer Consumer Communication
-
12% QoQ -1% QoQ +13% QoQ
200 +0.5% YoY +51% YoY +26% YoY
150
150
150
100
100 100
50 50 50
0 2013Q3 2013Q4 0 2013Q3 2013Q4 0 2013Q3 2013Q4
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Handset Auto
+13% QoQ +7% QoQ -28% QoQ
+26% YoY +11% YoY +14% YoY
150 150
100 100
50 50
0 0
2013Q3 2013Q4 2013Q3 2013Q4 2013Q3 2013Q4
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Communication

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營運現況 – 2013 年 NOR Flash 產品應用分析

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2013 年 NOR

營收分析

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Consumer
Comm
28%
24%
•OTHERS includes
Computer Handset
Industrials and others
23% 13%
Others Auto
4% 8%
2013 年銷售量分析
銷售量 Computer Consumer Communication Handset Auto
( 佰萬顆 )
-8% YoY +29% YoY +19% YoY +31% YoY +41% YoY
600
600
400
400 400 400 400
200 200 200 200 200
0 0 0 0 0
2012 2013 2012 2013 2012 2013 2012 2013 2012 2013
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