Macronix — Investor Presentation 2023

Apr 25, 2023

旺宏電子 2023 年第一季法人說明會

April 25, 2023

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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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1Q23 營運概況

1Q23 4Q22 1Q22 核閱數 查核數 核閱數 營收淨額 NT$ 7.1 NT$ 9.1 NT$ 11.6 (NT$ 十億 ) 營業毛利率 25.1% 34.1% 48.3% 營業淨利率 (6.2%) 8.3% 27.7%

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1Q23 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(損)利 營業淨利率 營業外收(支) 稅前淨(損)利 所得稅利益(費用) 本期淨(損)利	1Q23 核閱數 4Q22 查核數 1Q22 核閱數	QoQ Change YoY Change (22%) (39%) (42%) (68%) (9.0ppt) (23.2ppt) (5%) (7%) (158%) (114%) (14.5ppt) (33.9ppt) (159%) (111%) (159%) (112%)
	7,104 9,078 11,598 1,786 3,097 5,604 25.1% 34.1% 48.3% (2,225) (2,343) (2,387) (439) 754 3,218 (6.2%) 8.3% 27.7% 51 (97) 188 (388) 657 3,406 33 (52) (477) (355) 605 2,929
基本每股(虧損)盈餘--NT$	(0.19) 0.33 1.58
EBITDA EBITDA % 流通在外加權平均股數(佰萬股)	755 1,838 4,577 11% 20% 39% 1,854 1,853 1,849

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營收及毛利率

2019 34,995M Sales NTD M	2019 34,995M Sales NTD M	2019 34,995M Sales NTD M	2019 34,995M Sales NTD M		Net Sales 2020 39,801M	Net Sales 2020 39,801M	Net Sales 2020 39,801M	Net Sales 2020 39,801M	Net Sales 2020 39,801M	Gross Margin% 2021 50,573M	Gross Margin% 2021 50,573M	Gross Margin% 2021 50,573M		2022 43,487M	2022 43,487M		Margin%	Margin%
16,000											14,974							80%
												14,545
12,000			11,906				10,957			11,427		11,598 11,340			11,471			60%
								10,158
				9,581	9,415	9,271			9,627							9,078
8,000		7,479									43%	**47% 48% **		48%	44%		7,104	40%
	6,029		30%		31%	**35% **	36%	**32% **	34%	39%						34%
4,000	**25% **	27%		26%													25%	20%
0																		0%
	1Q19	2Q	3Q	4Q	1Q20	2Q	3Q	4Q 1Q21 2Q			3Q	4Q 1Q22		2Q	3Q	4Q	1Q23

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公司價值

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1Q23 1Q22
每股盈餘 -- NT$ (0.19) 1.58
每股淨值 -- NT$ 28.38 26.86
每股盈餘 每股淨值
4.85
NTD NTD
30.0
NT$ 1.8
1.58 1.59 cash dividend 28.38 28.38
1.35 27.89
26.86
26.36
0.33
1Q22 2Q 3Q 4Q 1Q23
25.0
1Q22 2Q 3Q 4Q 1Q23
(0.19)
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股東權益報酬率 (GAAP)

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40% Annualized ROE - Reported 30% Net Income / Sales
29%
30%
20%
24% 15%
18% 21%
20%
16%
11%
10%
9%
13%
10%
9%
0% 0%
2019 2020 2021 2022 1Q23 2019 2020 2021 2022 1Q23
(LTM) (LTM)
85% Sales / Total Assets 200% Total Assets / Total Equity
187%
71% 190% 184%
70%
63%
180%
172%
58%
54%
170%
55%
49% 162% 157%
160%
40% 150%
2019 2020 2021 2022 1Q23 2019 2020 2021 2022 1Q23
(LTM) (LTM)
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1Q23 合併簡明資產負債表

單位：新台幣佰萬元	3/31/'23	12/31/'22	3/31/'22
(每股淨值為元)	核閱數	查核數	核閱數
現金及約當現金	14,999	19,764	18,533
存貨(淨額)	14,959	14,680	13,573
不動產、廠房及設備	39,914	37,982	33,151
總資產	81,740	83,893	79,174
短期應計息負債	5,325	3,684	3,357
長期應計息負債	8,790	11,970	8,808
總負債	29,132	31,282	29,381
負債佔資產比率(%)	35.6%	37.3%	37.1%
股東權益	52,608	52,611	49,793
每股淨值-- NT$	28.38	28.38	26.86

Note: 期末流通在外股數 ( 佰萬股 ) 1,854

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自由現金流量及資本支出

單位：新台幣佰萬元	1Q23 核閱數	4Q22 查核數	1Q22 核閱數
營業活動之淨現金流入	(425)	2,755	2,851
折舊 & 攤銷	1,076	1,121	1,123
投資活動之淨現金流入(出)	(2,689)	(2,713)	(2,620)
資本支出	(2,748)	(2,714)	(2,075)
籌資活動之淨現金流入(出)	(1,566)	347	(206)
現金及約當現金淨增加(減少)*	(4,765)	271	(32)
期末現金及約當現金餘額	14,999	19,764	18,533
自由現金流量**	(3,173)	41	777

• 現金淨變動包含匯率變動之影響數

• ** 自由現金流量 = 營業活動現金流量 - 資本支出

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- 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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12,000
12%
10%
8,000
QoQ YoY
59% 11% Change Change
51% NAND -14% -46%
53%
4,000 NOR -18% -45%
ROM -22% -12%
21% 30%
30% FBG -44% -52%
8% 9% 6% * FBG (Foundry Business Group)
0
1Q22 4Q22 1Q23
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營運現況 - ROM

 ROM Business

1Q23 高容量產品出貨量強勁

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Density shipment index: 1Q18 =100
400
348
259
245 [252 ] 247
236
228
222
212
185 179 187
200 177
163
142
137
124
113
100
67
64
0
1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23
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營運現況 - NOR

 NOR Business

終端應用市場需求仍然低迷，包含智慧手機、資料中心與個人電腦需求

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248
Density shipment index: 1Q18 =100
≧75 nm 230
55 nm
208
195 194
200
175
166
154 156 152 149
142
134
119
109
100 [106 112 ]
98 [101 ]
95
100
0
1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23
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車用的最佳 Flash Memory 解決方案

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NOR Flash by Automotive Density shipment
Index: 1Q18 =100
329
310
300 283 280
240 [253] 254
214
192 191
155 155 154
138
135
150
[113] 116 113
100 [109]
91
0
1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23
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營運現況 – NOR ( 母公司 )

NOR breakdown by density

Net Sales %

	22%		31%		36%		42%		50%		35%							48%		52%		51%		50%		47%		45%	(	High Mid Low 32Mb~128Mb)
														40%		41%
	45%
			40%
					38%						39%
							34%							34%		35%
																												36%
																		31%								37%
									32%											28%		31%		33%
	33%
			29%
					26%						26%			26%
							24%									24%
									18%									21%		20%		18%		17%		16%		19%
'18 '19 '20 '21 '22 1Q21													2Q 3Q				4Q 1Q22 2Q 3Q 4Q 1Q23

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營運現況 – NOR 應用別分析 ( 母公司 )

4Q22 NOR Revenue Breakdown 1Q23 NOR Revenue Breakdown

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通訊相關 []
消費性電子
19% 車用電子
9%
23%
電腦相關 工規 / 醫療 /
25% 航太
24%
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通訊相關 [ ]
消費性電子
19% 車用電子
8%
22%
電腦相關 工規 / 醫療 /
28% 航太
23%
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電腦相關 消費性電子 通訊相關 -30% QoQ -6% QoQ -17% QoQ -49% YoY -48% YoY -62% YoY

車用電子 工規/醫療/航太 -19% QoQ -15% QoQ -25% YoY -31% YoY

Note：[*] 通訊相關:包含手機應用

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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