Macronix — Investor Presentation 2016

Jul 28, 2016

旺宏電子 2016 年第二季法人說明會 July 28, 2016

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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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2016 年第二季營運概況

2016第二季 2016第一季 實際營運 實際營運 營收淨額 NT$ 5.2B NT$ 5.1B 營業毛利率 14 % 15% 營業淨利率 -16% -16%

• 營收淨額、毛利率及營業淨利率與上季持平

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存貨水位

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NTD M
12,000
2013 2014 2015 2016
10,000 9,334
9,652 8,231
9,136
8,000 7,275
Inventory (net)
6,000
4,000
2,000
0
13Q4 14Q4 15Q4 16Q1 16Q2
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2016 年第二季合併綜合損益比較表

016年第二季合併綜合損益比較表
單位：新台幣佰萬元(每股損益為元) 2016/Q2 2016/Q1 2015/Q2 營業收入淨額 5,181 5,086 4,975 營業毛利 707 791 608 營業毛利率 14% 15% 12% 營業費用 (1,553) (1,596) (1,779) 營業淨損 (846) (805) (1,171) 營業利益率 (16%) (16%) (24%) 營業外收(支) 11 (85) (46) 稅前淨損 (835) (890) (1,217) 所得稅費用 144 (1) (5) 本期淨損 (691) (891) (1,222) 其他綜合損益 (134) (108) (203) 本期綜合損益 (825) (999) (1,425) 淨利歸屬予 母公司業主 (689) (890) (1,221) 非控制權益 (2) (1) (1)	QoQ YoY Change Change 2% 4% (11%) 16% -1ppt 2ppt (3%) (13%) 5% (28%) 0ppt 8ppt (6%) (31%) (22%) (43%) 24% (34%) (17%) (42%) (22%) (44%)
基本每股虧損-- NT$ (0.19) (0.25) (0.35)	(24%) (46%)
EBITDA (237) (296) 344 流通在外加權平均股數 3,546 3,536 3,518

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2016Q2 財務重要資訊

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2016 YTD Sales = NTD 10,267M 2016 YTD GP = NTD 1,498M
+6% YoY +19% YoY
營業收入 營業毛利
單位：新台幣佰萬元 單位：新台幣佰萬元
1,500
10,000
9,681M 10,267M 1,259M 1,498M
8,000
1,000
6,000
4,000
500
2,000
0 0
15Q1 Q2 Q3 Q4 16Q1 Q2 15Q1 Q2 Q3 Q4 16Q1 Q2
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2016Q2 財務重要資訊

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2016Q2 2015Q2
營業毛利率 14% 12%
每股損益 NTD (0.19) (0.35)
營業毛利率 每股損益
GM% NTD
20%
1.00
0.75
15%
14% 14%
13% 12% 0.50 (0.45) (0.45)
0.25
10%
8% 0.00
15Q1 Q2 Q3 Q4 16Q1 Q2
(0.25)
(0.10) (0.27)
(0.19)
(0.50) (0.35) (0.25)
(0.47)
(0.75)
0%
(1.00)
15Q1 Q2 Q3 Q4 16Q1 Q2
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2016 年第二季合併簡明資產負債表 / 現金流量資訊

單位：新台幣佰萬元(每股淨值為元)
	2016/06/30	2016/03/31
現金及約當現金	5,409	5,341
存貨(淨額)	7,275	8,231
固定資產	16,198	16,272
總資產	34,868	35,632
短期應計息借款	6,274	5,476
長期應計息借款	6,972	8,027
總負債	18,146	18,126
股東權益	16,722	17,506
負債佔資產比率(%)	52.0%	50.9%
每股淨值(新台幣元)	4.63	4.84
	2016/Q2	2016/Q1
折舊&攤銷	513	512
資本支出	(393)	(170)
營業活動淨現金流入(出)	731	488

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- 2016 年第二季銷售額分析 產品別 ( 母公司 )

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單位：新台幣佰萬元
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9%
10%
9% 10% 10%
6%
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62%
64% 66%
665%% 64%
10%14% 12%19% 11%12%
15%15% 14%10% 13%14%
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		QoQ	YoY
	NAND	Change +17%	Change +35%
	NOR ROM	+6% -15%	+5% +8%
	FBG	-2%	-9%
* FBG	(foundry	business	group)

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- 2016 年第二季銷售量分析 產品別 ( 母公司 )

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單位：佰萬顆
600
500 8%
4%
5% QoQ YoY
400 Change Change
NAND +38% +56%
300
NOR +12% +7%
92%4 94%1 ROM -14% -15%
95%4
200
FBG +5% -5%
Equivalent 8” WF base for FBG
100
(foundry business group)
2% 3%1 1%
0
2015Q2 2016Q1 2016Q2
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營運現況 - ROM

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Density shipment index: 2012Q1 =100
343
350
331
300
267
251
250
200 187
158
145
150 138 140
108 118
111
100 94 96
100 84 88
77
50
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1 Q2
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營運展望 - ROM

� ROM business

• ≤45 奈米製程產品佔 2016 第二季 ROM 營收79%

• Q3 季節性銷售因素，ROM 將是主要成長來源。

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NTD % ROM (by tech & sales)
100%
80%
66%
60% 80% 76% 77% 74% 79% 76% 87% ≤ 45 nm
76%
≥ 65 nm
40%
20%
34%
20% 24% 23% 26% 21% 24% 24%
13%
0%
15Q1 Q2 Q3 Q4 16Q1 Q2 2014 2015 2016(E)
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營運現況 - NOR Flash

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Density shipment index: 2012Q1 =100
250 243 240
228
214 214 213
200 190 192 190
181
177
169
160
154
150 141 142
130
100
100
50
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1 Q2
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- 營運展望 NOR Flash

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Macronix’s B/B ratio trend
1.50
1.33
1.00 1.08
0.99
0.50
0.00
2016/04 2016/05 2016/06
Speedy growth in automotive segment
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� NOR flash business

• ≤75nm奈米製程產品佔 2016 第二季 NOR 營 收47%

• 市佔率保持穩定向上的趨勢，朝向第一名的 目標邁進

• 車規領域的營收貢獻快速成長且符合預期

• B/B (book-to-bill) 比率呈現上升趨勢

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≤ 55 nm
≤ 75 nm
NTD % NOR (by tech & sales) ≧ 0.10 µ m
100% 1% 2%
32%
80% 33% 39% 42% 42% 42% 39%
46%
49%
60%
40%
67% 68%
61% 58% 58% 58% 53% 61%
49%
20%
0%
15Q1 Q2 Q3 Q4 16Q1 Q2 2014 2015 2016(E)
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Revenue
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營運現況 – 2016 年第二季 NOR Flash 產品應用分析

2016 年第二季 NOR 營收分析

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Consumer,
34%
Comm, 26%
Computer,
Auto , 14%
18%
I.M.A, 8%
Comm: including handsets
I (Industrial), M (Medical), A (Aero space-defense)
Computer Consumer Communication Automotive
Rev.
+13% QoQ +12% QoQ -3% QoQ -6% QoQ
(NTD M)
-5% YoY +1% YoY +3% YoY +29% YoY
1,000
1,500 1,000 1,000
1,000
500 500
500
500
0 0
2016Q1 2016Q2 0 0 2016Q1 2016Q2
2016Q1 2016Q2
2016Q1 2016Q2
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營運現況與展望 – SLC NAND

� SLC NAND flash business

• NAND 營收持續達成新高水準，將保持強勁成長

• 旺宏的36奈米產品，是業界第一個通過車用規格專屬的AEC-Q100

• 認證，代表旺宏產品有業界同類產品中最佳的品質與效能

SLC NAND Flash equivalent density shipment

2016 年第二季 NAND 營收分析

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3,000 Total density (Tb) 200,000
Index Density shipment index:
2014Q1 =100 36 nm Consumer, Comm,
41% 53%
400 75 nm 2,000 40,000
399
300 263 100,000
213
Others, 6%
200 175 157 1,000 20,000
100
100
0 0 0 0
15Q1 Q2 Q3 Q4 16Q1 Q2 2014 2015 2016(E)
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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