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Macronix — Investor Presentation 2019
Nov 15, 2019
52013_rns_2019-11-15_e7e20014-99af-41bc-9c62-1781b64ee89e.pdf
Investor Presentation
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旺宏電子 2019 年第三季法人說明會
October 24, 2019
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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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Copyright © Macronix International Co., Ltd.
2019 年第三季營運概況
2019 第三季 2019 第二季 2018 第三季 未經核閱 核閱數 核閱數 NT$ 11.9B NT$ 7.5B NT$ 10.0B 營收淨額 30% 27% 35% 營業毛利率 15% 6% 18% 營業淨利率
Copyright © Macronix International Co., Ltd.
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2019 年第三季合併綜合損益比較表
單位：新台幣佰萬元(每股盈餘為元)營業收入淨額營業毛利營業毛利率營業費用營業淨利營業利益率營業外收(支)稅前淨利所得稅費用(利益)本期淨利其他綜合損益本期綜合損益淨利歸屬予本公司業主非控制權益 |
2019/Q3 2019/Q2 2018/Q3 未經核閱核閱數核閱數 |
QoQ YoY Change Change 59% 19% 79% 1% 3ppt (5ppt) 17% 1% 276% 1% 9ppt (3ppt) - - 332% (3%) - - 601% (3%) - - 542% (7%) 603% (3%) |
|---|---|---|
| 11,906 7,479 10,030 3,576 2,003 3,546 30% 27% 35% (1,797) (1,530) (1,783) 1,778 473 1,763 15% 6% 18% 79 (43) 155 1,857 430 1,918 4 166 2 1,853 264 1,916 (17) 22 60 1,836 286 1,976 1,853 264 1,916 0 1 0 |
||
基本每股盈餘-- NT$ |
1.01 0.14 1.05 |
621% (4%) |
EBITDA流通在外加權平均股數 |
2,604 1,134 2,486 1,830 1,830 1,822 |
Copyright © Macronix International Co., Ltd.
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2019Q3 財務要重資訊
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2019Q3 Sales = NTD 11,906M
+59% QoQ
+19% YoY
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營業收入 單位：新台幣佰萬元
營業毛利 單位：新台幣佰萬元
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13,926M
36,953M
4,500
12,000
9,000
3,000
6,000
1,500
3,000
0 0
18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3
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2019Q3 Financial Highlights
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2019Q3 2018Q3
營業毛利率 30% 35%
每股盈餘 -- NT$ 1.01 1.05
每股盈餘
營業毛利率
(追溯調整)
GM% NTD 4.94
50% 2.0
45%
43%
42%
1.57
38% 35%
34%
1.28
32%
27% 27% [30%] 1.04
25% 1.05 1.01
25% 1.0
0.14
0.08
0%
0.0
17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3
18Q1 Q2 Q3 Q4 19Q1 Q2 Q3
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2019 年第三季合併簡明資產負債表 / 現金流量資訊
| 2019/09/30 | 2019/06/30 | 2018/09/30 | |
|---|---|---|---|
未經核閱 |
核閱數 |
核閱數 |
|
現金及約當現金 |
7,957 | 11,520 | 10,502 |
存貨(淨額) |
15,126 | 18,867 | 17,160 |
固定資產 |
28,353 | 24,728 | 18,389 |
總資產 |
63,662 | 65,480 | 56,907 |
短期應計息負債 |
5,418 | 3,668 | 1,986 |
長期應計息負債 |
9,491 | 9,370 | 7,504 |
總負債 |
32,040 | 35,702 | 27,826 |
股東權益 |
31,623 | 29,779 | 29,081 |
負債佔資產比率(%) |
50.3% | 54.5% | 48.9% |
每股淨值 |
17.20 | 16.20 | 15.82 |
| 2019/Q3 | 2019/Q2 | 2018/Q3 | |
折舊&攤銷 |
695 | 657 | 534 |
資本支出 |
(4,247) | (4,216) | (1,381) |
營業活動淨現金流入 |
881 | 396 | 1,061 |
Copyright © Macronix International Co., Ltd.
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- 2019 年第三季銷售額分析 產品別 ( 母公司 )
12,000
9,000 20% 14% 44% 26% 55% QoQ YoY 48 11% Change Change
6,000 11% 11% 48% % 63% Flash +12% -6% 44% 53% ROM +177% +58% 58% 51% 63% FBG +10% +12% 3,000 39% * FBG (foundry business group) 32% 25% 28% 3 29% 22% 17% 8% 6% 9% 7% 8% 6% 8% 5% 0 2018Q3 2019Q2 2019Q3
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營運現況 - ROM
ROM business
• ≥ 64Gb 容量產品佔 2019 年第三季 ROM 營收 83%
4,000
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3,564
Density shipment index: 2015Q1 =100
2,333
1,811
1,602
1,292
1,153
1,023
846
687 654
411 380
298
134 159
100 65 94 74
0
15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3
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2,000
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營運現況 - Flash
Density shipment index: 2015Q1 =100
600
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506
443
386
377
351
346 342
309 305
289
271 266 272
257
186
158
141 141
100
0
15Q1 Q2 Q3 Q4 16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3
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300
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營運現況 - Flash
Flash business
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• ≤75nm 製程產品佔 2019 年第三季 NOR 營收 71%
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5,000 Accumulative design-win case count
4,467 [4,703 ]
4,068 [4,246 ]
3,728
3,170
2,676
2,239
2,500 2,021
1,624 [1,862 ]
1,375
1,139
756
349
0
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16Q1Q2 Q3 Q417Q1Q2 Q3 Q418Q1Q2 Q3 Q419Q1Q2 Q3
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營運現況 – NOR flash ( 母公司 )
NTD % NOR breakdown b y density
| 12% | 12% | 13% | 16% | 19% | 22% | 23% | 25% | 30% | 29% | 30% | (3 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48% | 50% | 47% | ||||||||||||||||||||
| 52% | ||||||||||||||||||||||
| 48% | ||||||||||||||||||||||
| 44% | ||||||||||||||||||||||
| 45% | ||||||||||||||||||||||
| 43% | ||||||||||||||||||||||
| 40% | ||||||||||||||||||||||
| 42% | 40% | |||||||||||||||||||||
| 40% | 40% | |||||||||||||||||||||
| 38% | ||||||||||||||||||||||
| 34% | ||||||||||||||||||||||
| 32% | 33% | 32% | 32% | |||||||||||||||||||
| 31% | 30% | |||||||||||||||||||||
| 28% |
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- 營運現況 NOR Flash ( 母公司 )
2019Q2 NOR 營收-產品應用
2019Q3 NOR 營收-產品應用
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消費性電 通訊相關 ,
子 ,19% 34%
電腦相關 ,
22%
工規 / 醫療 車用電子 ,
/ 航太 , 13%
12%
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消費性電 通訊相關 ,
子 , 21% 31%
電腦相關 ,
23%
工規 / 醫療
車用電子 ,
/ 航太 , 14%
11%
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* 通訊相關:包含手機應用
2019Q3 NOR 營收分析-產品應用
電腦相關 +9% QoQ -6% YoY
消費性電子 通訊相關 車用電子 工規/醫療/航太+22% QoQ -3% QoQ +18% QoQ +8% QoQ -5% YoY -4% YoY +4% YoY -11% YoY
Copyright © Macronix International Co., Ltd.
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For more information regarding Macronix http://www.macronix.com
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For all inquiries, suggestions and comments [email protected]