Macronix - Investor Presentation 2024

`旺宏電子` 2023 `年第四季法人說明會`

January 30, 2024

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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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4Q23 `營運概況`

4Q23 3Q23 4Q22 營收淨額 NT$ 5.8 NT$ 7.3 NT$ 9.1 (NT$ 十億 ) 營業毛利率 19.1% 24.2% 34.1% 營業淨利率 (19.8%) (9.0%) 8.3%

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FY23 `營運概況`

2023 2022 營收淨額 NT$ 27.6 NT$ 43.5 (NT$ 十億 ) 營業毛利率 24.5% 44.2% 營業淨利率 (8.7% ) 21.5%

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4Q23 `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`	4Q23 3Q23 4Q22	QoQ YoY
	5,808 7,283 9,078 1,111 1,761 3,097 19.1% 24.2% 34.1% (2,260) (2,414) (2,343) (1,149) (652) 754 (19.8%) (9.0%) 8.3% 20 202 (97) (1,129) (450) 657 122 43 (52) (1,007) (408) 605	(20%) (36%) (37%) (64%) (5.1ppt) (15.0ppt) (6%) (4%) 76% (252%) (10.8ppt) (28.1ppt) 151% (272%) 147% (266%)
`基本每股盈餘`--NT$	(0.54) (0.22) 0.33
EBITDA EBITDA % `流通在外加權平均股數`(`佰萬股`)	(7) 659 1,838 (0%) 9% 20% 1,854 1,854 1,853

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`營收及營業利益率`

`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`	2023 2022	YoY
	27,624 43,487 6,761 19,238 24.5% 44.2% (9,168) (9,869) (2,407) 9,369 (8.7%) 21.5% 523 923 (1,884) 10,292 185 (1,323) (1,699) 8,970	(36%) (65%) (19.7ppt) (7%) (126%) (30.2ppt) (118%) (119%)
`基本每股盈餘`--NT$	(0.92) 4.85
EBITDA EBITDA% `流通在外加權平均股數`(`佰萬股`)	2,600 15,041 9% 35% 1,854 1,850

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`營收及毛利率`

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|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|2019|2020|2021|2022|2023|
|34,995M|39,801M|50,573M|43,487M|27,624M|
|Sales|
|NTD M|Net Sales|Gross Margin%|Margin%|
|16,000|80%|
|14,974|
|14,545|
|11,906|11,598|
|12,000|11,427|11,340|[11,471 ]|60%|
|10,957|
|10,158|
|9,581 9,415 9,271|9,627|
|9,078|
|47%|[48%]|[48%]|
|8,000|7,479|43%|44%|7,104|[7,429 ]|[7,283 ]|40%|
|6,029|39%|
|5,808|
|35%|[36%]|
|32%|[34%]|34%|
|31%|
|30%|
|28%|
|4,000|25%|[27%]|26%|25%|24%|20%|
|19%|
|0|0%|
|1Q19|2Q|3Q|4Q|1Q20|2Q|3Q|4Q|1Q21|2Q|3Q|4Q|1Q22|2Q|3Q|4Q|1Q23|2Q|3Q|4Q|

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`公司價值`

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2022 2023
每股盈餘 -- NT$ 4.85 (0.92)
每股淨值 -- NT$ 28.38 26.07
每股盈餘每股淨值
NTD NTD
4.85
NT$ 1.8
1.58 1.59 (0.92) 30.0 NT$ 1.8 cash dividend
1.35
cash dividend 28.38 28.38
27.89
26.70
26.86
0.33
26.36 26.43
0.04
26.07
1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q
(0.19) (0.22) 25.0
(0.54) 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q
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`股東權益報酬率` (GAAP)

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Annualized ROE - Reported Net Income / Sales
16% 13%
-6.0%
-3.0%
2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023
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Sales / Total Assets Total Assets / Total Equity
34%
58% 180%
160%
2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023
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4Q23 合併簡明資產負債表

`單位：新台幣佰萬元` `(每股淨值為元)`	12/31/'23	9/30/'23	12/31/'22
`現金及約當現金`	11,906	13,432	19,764
`存貨(淨額)`	13,369	13,409	14,680
`不動產、廠房及設備`	41,498	41,200	37,982
`總資產`	77,811	79,764	83,893
`短期應計息負債`	2,117	2,257	3,684
`長期應計息負債`	17,347	17,858	11,970
`總負債`	29,485	30,765	31,282
`負債佔資產比率`(%)	37.9%	38.6%	37.3%
`股東權益`	48,326	48,999	52,611
`每股淨值`-- NT$	26.07	26.43	28.38

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`	4Q23	3Q23	4Q22	2023	2022
`營業活動之淨現金流入`	753	(348)	2,755	(526)	11,656
`折舊 & 攤銷`	1,060	1,044	1,121	4,224	4,539
`投資活動之淨現金流入(出)`	(1,439)	(1,717)	(2,713)	(7,592)	(10,339)
`資本支出`	(1,524)	(1,706)	(2,714)	(7,682)	(9,964)
`籌資活動之淨現金流入(出)`	(679)	(495)	347	427	(68)
`發放現金股利`	-	(3,337)	-	(3,337)	(3,337)
`現金及約當現金淨增加`(`減少`)*	(1,527)	(2,453)	271	(7,858)	1,199

`期末現金及約當現金餘額`	11,906	13,432	19,764	11,906	19,764
`自由現金流量`**	(771)	(2,055)	41	(8,208)	1,692

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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- `第四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
10%
8,000
QoQ YoY
7%
Change Change
51%
9% NAND -1% -39%
50%
4,000 NOR -11% -29%
58%
ROM -48% -48%
30%
38%
25% FBG +17% -47%
9%
5% 8%
0 * FBG (Foundry Business Group)
4Q22 3Q23 4Q23
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- 2023 `銷售額分析產品別` ( `母公司` )

`單位:新台幣佰萬元`

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50,000
14%
40,000 11%
2023
52%
30,000
YoY
55%
9% Change
NAND -49%
20,000
51%
NOR -40%
ROM -15%
10,000 27%
25%
34% FBG -57%
FBG (Foundry Business Group)
7% 9% 6%
0
2021 2022 2023
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`營運現況` - ROM

 ROM Business

2023 年的季節性出貨模式與過往不同， 2H23 需求較上半年弱
2023 年整體位元出貨量持續以雙位數成長率穩定成長

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Density shipment index: 1Q18 =100
400
348
309
259
245 [252 ] 247
236
228
222
212
196
187
200 177 185 179
163
137
142 124
113
100
94
67
64
0
1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q
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`營運現況` - NOR

 NOR Business

工控及可穿戴式裝置市場相對穩定，但庫存去化問題依然存在
展望後續在新電腦和伺服器市場會使用更高容量的 NOR

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Density shipment index: 1Q19 =100
≧75 nm
246
55 nm
228
206
193 192
200
173
153 [164 155 ]
151 148
141
133
118
108 108 [113 ]
100 94 92
100
0
1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q
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`車用的最佳` Flash Memory `解決方案`

 Auto business

預計車用市場的庫存去化需要更久的時間
電動車市場的各種應用需求持續穩定且成長

NOR Flash by Automotive Density shipment Index: 1Q18 =100

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329
283 [310 ] 280
300
254
240 [253]
233
214201 206
192 188
154
138 [155] [155] 135
150
116113
100 [109113]
91
0
1Q18 2Q 3Q 4Q 1Q19 2Q 3Q 4Q 1Q20 2Q 3Q 4Q 1Q21 2Q 3Q 4Q 1Q22 2Q 3Q 4Q 1Q23 2Q 3Q 4Q
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`營運現況` – NOR `應用別分析` ( `母公司` )

3Q23 NOR Revenue Breakdown 4Q23 NOR Revenue Breakdown

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通訊相關 []
消費性電子 17% 車用電子
11% 24%
電腦相關工規 / 醫療 /
24% 航太
24%
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通訊相關 [ ]
消費性電子 18% 車用電子
8% 26%
工規 / 醫療 /
電腦相關
航太
25%
23%
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電腦相關消費性電子通訊相關 -8% QoQ +17% QoQ -9% QoQ -38% YoY -1% YoY -31% YoY

車用電子工規/醫療/航太 -13% QoQ -0% QoQ -22% YoY -24% YoY

Note：[*] 通訊相關:包含手機應用

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`營運現況` – NOR `應用別分析` ( `母公司` )

2022 NOR Revenue Breakdown 2023 NOR Revenue Breakdown

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通訊相關 []
消費性電子
18% 車用電子
9%
24%
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
9% 22% 車用電子
19%
電腦相關工規 / 醫療 /
28% 航太
22%
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電腦相關消費性電子通訊相關車用電子工規/醫療/航太 -45% YoY -37% YoY -52% YoY -26% YoY -35% 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 [email protected]

AI assistant

Macronix Investor Presentation 2024

52013_rns_2024-03-18_8aba032e-acd5-4dd6-a881-0c9f70d0e42e.pdf

`旺宏電子` 2023 `年第四季法人說明會`

`免責聲明`

4Q23 `營運概況`

FY23 `營運概況`

4Q23 `合併綜合損益比較表`

`營收及營業利益率`

`營收及毛利率`

`公司價值`

`股東權益報酬率` (GAAP)

`自由現金流量及資本支出`

- `第四季銷售額分析產品別` ( `母公司` )

`單位:新台幣佰萬元`

- 2023 `銷售額分析產品別` ( `母公司` )

`單位:新台幣佰萬元`

`營運現況` - ROM

 ROM Business

`營運現況` - NOR

 NOR Business

`車用的最佳` Flash Memory `解決方案`

 Auto business

`營運現況` – NOR `應用別分析` ( `母公司` )

3Q23 NOR Revenue Breakdown 4Q23 NOR Revenue Breakdown

`營運現況` – NOR `應用別分析` ( `母公司` )

2022 NOR Revenue Breakdown 2023 NOR Revenue Breakdown

AI assistant

Macronix — Investor Presentation 2024

52013_rns_2024-03-18_8aba032e-acd5-4dd6-a881-0c9f70d0e42e.pdf

旺宏電子 2023 年第四季法人說明會

免責聲明

4Q23 營運概況

FY23 營運概況

4Q23 合併綜合損益比較表

營收及營業利益率

營收及毛利率

公司價值

股東權益報酬率 (GAAP)

自由現金流量及資本支出

- 第四季銷售額分析 產品別 ( 母公司 )

單位:新台幣佰萬元

- 2023 銷售額分析 產品別 ( 母公司 )

單位:新台幣佰萬元

營運現況 - ROM

 ROM Business

營運現況 - NOR

 NOR Business

車用的最佳 Flash Memory 解決方案

 Auto business

營運現況 – NOR 應用別分析 ( 母公司 )

3Q23 NOR Revenue Breakdown 4Q23 NOR Revenue Breakdown

營運現況 – NOR 應用別分析 ( 母公司 )

2022 NOR Revenue Breakdown 2023 NOR Revenue Breakdown

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`營運現況` - NOR

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