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Macronix — Investor Presentation 2020
Jun 12, 2020
52013_rns_2020-06-12_0d1fe079-bd37-4425-b780-ce73613b99b9.pdf
Investor Presentation
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旺宏電子 2020 年第一季法人說明會
April 29, 2020
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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.
2020 年第一季營運概況
2020 第一季 2019 第四季 2019 第一季 經核閱 經查核 經核閱 NT$ 9.4B NT$ 9.6B NT$ 6.0B 營收淨額 31% 26% 25% 營業毛利率 12% 8% 1% 營業淨利率
Copyright © Macronix International Co., Ltd.
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2020 年第一季合併綜合損益比較表
單位：新台幣佰萬元2020/Q1 2019/Q4 2019/Q1 (每股盈餘為元)經核閱經查核經核閱營業收入淨額9,415 9,581 6,029 營業毛利2,945 2,506 1,531 營業毛利率31.3% 26.2% 25.4% 營業費用(1,779) (1,744) (1,446) 營業淨利1,166 762 86 營業利益率12% 8% 1% 營業外收(支)60 (168) 59 稅前淨利1,226 594 144 所得稅費用(利益)4 (160) 2 本期淨利1,222 754 142 其他綜合損益(589) 50 186 本期綜合損益633 803 328 淨利歸屬予本公司業主1,222 754 142 非控制權益(0) 0 (0) |
2020/Q1 2019/Q4 2019/Q1 經核閱經查核經核閱 |
QoQ YoY Change Change (2%) 56% 18% 92% 5ppt 6ppt 2% 23% 53% 1,262% 4ppt 11ppt - - 106% 751% - - 62% 762% - - (21%) 93% 62% 761% |
|---|---|---|
基本每股盈餘-- NT$ 0.670.41 0.08 |
63% 738% |
|
| EBITDA 2,104 1,405 810 流通在外加權平均股數1,838 1,836 1,830 |
Copyright © Macronix International Co., Ltd.
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2020Q1 財務重要資訊
2020Q1 Sales = NTD 9,415M -2% QoQ +56% YoY
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營業收入
單位：新台幣佰萬元 34,995M
12,000
9,000
6,000
3,000
0
19Q1 Q2 Q3 Q4 20Q1
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營業毛利
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單位：新台幣佰萬元
9,615M
4,500
3,000
1,500
0
19Q1 Q2 Q3 Q4 20Q1
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2020Q1 財務重要資訊
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2020Q1 2019Q4
營業毛利率 31% 26%
每股盈餘 -- NT$ 0.67 0.41
每股盈餘
營業毛利率
(追溯調整)
GM% NTD
50% 43% 42% [45%] 2.0
1.64
38%
35%
34%
31%
27%
28% 25% 27% [30%] 26%
1.01
25% 1.0
0.67
0.41
0.08
0.14
0%
0.0
17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 Q4 20Q1
19Q1 Q2 Q3 Q4 20Q1
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2020 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) |
2020/03/31 | 2019/12/31 | 2019/03/31 |
|---|---|---|---|
經核閱 |
經查核 |
經核閱 |
|
現金及約當現金 |
9,059 | 8,725 | 11,064 |
存貨(淨額) |
10,776 | 12,810 | 18,475 |
固定資產 |
29,021 | 29,366 | 21,931 |
總資產 |
58,644 | 60,657 | 60,133 |
短期應計息負債 |
3,276 | 4,817 | 3,621 |
長期應計息負債 |
10,620 | 9,774 | 5,411 |
總負債 |
25,435 | 28,164 | 28,438 |
股東權益 |
33,210 | 32,493 | 31,695 |
負債佔資產比率(%) |
43.4% | 46.4% | 47.3% |
每股淨值 |
18.07 | 17.68 | 17.24 |
| 2020/Q1 | 2019/Q4 | 2019/Q1 | |
折舊&攤銷 |
823 | 755 | 624 |
資本支出 |
(849) | (1,722) | (2,603) |
營業活動淨現金流入 |
1,876 | 3,017 | 249 |
Copyright © Macronix International Co., Ltd.
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- 2020 年第一季銷售額分析 產品別 ( 母公司 )
單位：新台幣佰萬元
12,000
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9,000 20% 9% 14% 11%
26%
43% QoQ YoY
11% 48 45% Change Change
6,000 11%
11% 48% %
15%
NAND [+24% ] +20%
44%
53%
NOR +6% +26%
58%
56% 63%
ROM -11% +183%
3,000
43% 38% FBG +13% +24%
32%
25%
28% 3 22% * FBG (foundry business group)
21% 17%
8% 8% 9% 57% 6% 8% 6%
0
2019Q1 2019Q4 2020Q1
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營運現況 - ROM
ROM business
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• ≥ 64Gb 容量產品佔 2020 年第一季 ROM 營收 76%
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3,784
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4,000 Density shipment index: 2016Q1 =100
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Density shipment index: 2016Q1 =100
2,477
2,414
2,013
1,923
1,701
1,372
1,225
1,086
898
730 694
436 403
316
100 79
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 Q4 20Q1
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2,000
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營運現況 - NOR Flash
Density shipment index: 2016Q1 =100
200
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157
146
135
130 127
127
121
120 119
113 112
106
100
100
95 95
100 93
0
16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 Q4 20Q1
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營運現況 - Flash
Flash business
- ≤75nm
製程產品佔2020年第一季NOR營收74%
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6,000
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3,000
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Accumulative design-win case count
5,047
4,068 [4,246 4,467 4,703 4,872 ]
3,728
3,170
2,676
1,624 [1,862 ][2,021 2,239 ]
1,375
1,139
756
349
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16Q1 Q2 Q3 Q4 17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 Q4 20Q1
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0
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營運現況 – NOR flash ( 母公司 )
NTD % NOR breakdown b densit y y
| 12% | 12% | 13% | 16% | 19% | 22% | 23% | 25% | 30% | 29% | 30% | 36% | 36% | ( | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48% | 50% | 47% | ||||||||||||||||||||||||
| 52% | ||||||||||||||||||||||||||
| 48% | ||||||||||||||||||||||||||
| 44% | ||||||||||||||||||||||||||
| 45% | ||||||||||||||||||||||||||
| 43% | ||||||||||||||||||||||||||
| 40% | ||||||||||||||||||||||||||
| 42% | 40% | |||||||||||||||||||||||||
| 38% | 41% | |||||||||||||||||||||||||
| 40% | 40% | |||||||||||||||||||||||||
| 38% | ||||||||||||||||||||||||||
| 34% | ||||||||||||||||||||||||||
| 32% | 33% | 32% | 32% | |||||||||||||||||||||||
| 31% | 30% | |||||||||||||||||||||||||
| 28% | ||||||||||||||||||||||||||
| 26% | ||||||||||||||||||||||||||
| 23% |
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- 營運現況 NOR Flash ( 母公司 )
2019Q4 NOR 營收-產品應用
2020Q1 NOR 營收-產品應用
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消費性電 通訊相關 ,
子 , 18% 34%
電腦相關 ,
23%
工規 / 醫療
車用電子 ,
/ 航太 , 14%
11%
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消費性電 通訊相關 ,
37%
子 , 16%
電腦相關 ,
20% 工規 / 醫療 車用電子 ,
/ 航太 , 14%
13%
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* 通訊相關:包含手機應用
2020Q1 NOR 營收分析-產品應用
電腦相關 -6% QoQ +20% YoY
消費性電子
通訊相關 車用電子 工規/醫療/航太 -10% QoQ +9% QoQ +3% QoQ +25% QoQ +11% YoY +44% YoY +14% YoY +27% 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]