Macronix — Investor Presentation 2016

Jun 30, 2016

旺宏電子 2016 年第一季法人說明會 April 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 年第一季營運概況

2016 第一季 2015 第四季 實際營運 實際營運 營收淨額 NT$ 5.1B NT$ 5.6B 營業毛利率 15 % 8% 營業淨利率 -16% -27%

• 營收淨額較上季減少 9% ，主因為季節性因素減少對 ROM 與 NOR 產品需求

• 毛利率及營業淨利率分別較上季增加 7 個及 11 個百分點，主因為 較低的生產成本及營業費用

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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
Inventory (net)
6,000
4,000
2,000
0
13Q4 14Q4 15Q4 16Q1
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2016 年第一季合併綜合損益比較表

016年第一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/Q1 2015/Q4 2015/Q1 營業收入淨額 5,086 5,599 4,706 營業毛利 791 467 620 營業毛利率 15% 8% 13% 營業費用 (1,596) (2,002) (1,868) 營業淨損 (805) (1,535) (1,248) 營業利益率 (16%) (27%) (26%) 營業外收(支) (85) (129) 894 稅前淨損 (890) (1,664) (354) 所得稅費用 (1) (2) (3) 本期淨損 (891) (1,666) (357) 其他綜合損益 (108) (210) 208 本期綜合損益 (999) (1,876) (149) 淨利歸屬予 母公司業主 (890) (1,663) (355) 非控制權益 (1) (3) (2)	QoQ YoY Change Change (9%) 8% 69% 27% 7ppt 2ppt (20%) (15%) (48%) (35%) 11ppt 10ppt (47%) 151% (47%) 149% (49%) (152%) (47%) 570% (47%) 151%
基本每股虧損-- NT$ (0.25) (0.47) (0.10)	(47%) 150%
EBITDA (296) (120) 1,202 流通在外加權平均股數 3,536 3,522 3,518

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2016Q1 財務重要資訊

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2016Q1 Sales = NTD 5,086M
+8% YoY
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2016 Q1 GP = NTD 791M
+27% YoY
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營業收入
單位：新台幣佰萬元
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營業毛利
單位：新台幣佰萬元
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10,000
20,928M
8,000
6,000
4,000
2,000
0
15Q1 Q2 Q3 Q4 16Q1
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1,500
2,512M
1,000
500
0
15Q1 Q2 Q3 Q4 16Q1
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2016Q1 財務重要資訊

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2016Q1 2015Q1
營業毛利率 15% 13%
每股損益 NTD (0.25) (0.1)
營業毛利率 每股損益
GM% NTD
20%
1.00
0.75
15%
14%
13% 12% 0.50 (1.19)
0.25
10%
8%
0.00
15Q1 Q2 Q3 Q4 16Q1
(0.25)
(0.10) (0.27)
(0.50) (0.35) (0.25)
(0.47)
(0.75)
0%
(1.00)
15Q1 Q2 Q3 Q4 16Q1
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2016 年第一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 )

單位：新台幣佰萬元(每股淨值為元)
	2016/03/31	2015/12/31
現金及約當現金	5,341	5,593
存貨(淨額)	8,231	9,334
固定資產	16,272	16,596
總資產	35,632	37,627
短期應計息借款	5,476	6,224
長期應計息借款	8,027	7,862
總負債	18,126	19,198
股東權益	17,506	18,429
負債佔資產比率(%)	50.9%	51.0%
每股淨值(新台幣元)	4.84	5.10
	2016/Q1	2015/Q4
折舊&攤銷	512	1,461
資本支出	(170)	(81)
營業活動淨現金流入(出)	488	1,724

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- 2016 年第一季銷售額分析 產品別 ( 母公司 )

單位：新台幣佰萬元

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9%
10%
6%
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		QoQ	YoY
	NAND	Change +0.2%	Change +74%
	NOR	-6%	+5%
	ROM	-42%	-6%
	FBG	+23%	+10%
* FBG	(foundry	business	group)

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62%
65% 64%
14% 19% 12%
15% 10% 14%
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- 2016 年第一季銷售量分析 產品別 ( 母公司 )

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單位：佰萬顆
600
500
5%
5% QoQ YoY
3%
400 Change Change
NAND -12% +78%
300
NOR -8% +6%
92% 94% ROM -46% +5%
95%
200
FBG +12% +15%
Equivalent 8” WF base for FBG
100
(foundry business group)
2% 3% 1%
0
2015Q1 2015Q4 2016Q1
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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
145 140
150 138
108 118
111
100 94 96
100 84
77
50
0
12Q1 Q2 Q3 Q4 13Q1 Q2 Q3 Q4 14Q1 Q2 Q3 Q4 15Q1 Q2 Q3 Q4 16Q1
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營運展望 - ROM

� ROM business

• ≤45 奈米製程產品佔 2016 第一季 ROM 營收74%

• 2016年ROM營收將持平但有成長潛能

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NTD % ROM (by tech & sales)
100%
80%
66%
76% 77% 74% 76% 76%
60% 80%
84%
≤ 45 nm
40%
≥ 65 nm
20%
34%
20% 24% 23% 26% 24% 24%
16%
0%
15Q1 Q2 Q3 Q4 16Q1 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
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
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- 營運展望 NOR Flash

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Market share in NOR industry
40% Macronix Peer 1 Peer 2
30%
20% 21%
19%
15%
10% 12% 13%
9% 10%
4%
0%
2008 2009 2010 2011 2012 2013 2014 2015
Source: iHS, Macronix
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� NOR flash business

• ≤75nm奈米製程產品佔 2016 第一季 NOR 營收42%

• 保持車規一流客戶主要供應商之地位

• 2016Q1於資料儲存、網絡和車規領域獲得新客戶 全面性認可並授與認證

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≤ 75 nm
NTD % NOR (by tech & sales) ≧ 0.10 µ m
100%
33% 32% 39%
80% 39% 42% 42% 42%
50%
60%
40%
67% 68%
61% 58% 58% 58% 61%
50%
20%
0%
15Q1 Q2 Q3 Q4 16Q1 2014 2015 2016(E)
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Speedy growth in automotive segment

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Revenue
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營運現況 – 2016 年第一季 NOR Flash 產品應用分析

一 2016 年第 季 NOR 營收分析

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Consumer,
Comm,
32%
22%
Handset,
5%
Computer,
18% Auto , 16%
Indu, 4%
Other, 3%
一
2016 年第 季 NOR 營收分析
Computer Consumer Communication Automotive
Rev.
-16% QoQ -8% QoQ -8% QoQ +9% QoQ
(NTD M)
-19% YoY +4% YoY +9% YoY +33% YoY
1,000
1,500 1,000 1,000
1,000
500 500 500
500
0 0 0
2015Q4 2016Q1 0 2015Q4 2016Q1 2015Q4 2016Q1
2015Q4 2016Q1
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營運現況與展望 – SLC NAND

� SLC NAND flash business

一 2016 年第 季 NAND 營收分析

• NAND 營收如預期上升，較去年同期增

• 加75%；目標為未來有更高成長

• 2Gb/4Gb 產品將為2016下半年的成長動 能

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Consumer,
44%
Comm,
52%
Others, 4%
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SLC NAND Flash equivalent density shipment
Total density (Tb)
Index
36 nm 3,000 200,000
Density shipment index:
75 nm
2015Q1 =100
360 313 2,000 40,000
253
100,000
240 209
187
1,000 20,000
100
120
0 0 0 0
15Q1 Q2 Q3 Q4 16Q1 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