WEC — Interim / Quarterly Report 2022

Aug 9, 2022

~~2022年上半年法說~~ 會

Aug. 5[th] , 2022

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免責聲明

• We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current expectations and projections about future events. Although we believe that these expectations and projections are reasonable, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us.

• We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this conference might not occur and our actual results could differ materially from those anticipated in these forward-looking statements.

• The information contained herein shall also not constitute an offer to sell or a solicitation of an offer to buy the company’s securities nor shall there be any sale of such securities in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.

2

Agenda

01 財務報告 黃求己財務長

02 營運回顧及展望 陳沛銘總經理

03 Q & A

陳沛銘總經理 & 黃求己財務長

3

財務報告

4

– 綜合損益表 合併

單位：新台幣百萬元 營業收入 營業毛利 營業毛利率 營業利益 營業外收入及支出 所得稅(費用)利益 本期淨(損)利 每股(損)益 (新台幣元) 息前稅前折舊與攤銷前利益
	2Q22	1Q22	QoQ	1H22	1H21	YoY
	26,647 26,514 133 53,161 46,560 6,601
	12,888 12,877 11 25,765 18,664 7,101
	48% 49% -1 ppts 49% 40% +8 ppts
	5,799 6,305 (506) 12,104 6,918 5,186
	1,296 65 1,231 1,361 (14) 1,375
	(1,279) (1,224) (55) (2,503) (1,415) (1,088)
	5,816 5,146 670 10,962 5,489 5,473
	1.29 1.15 0.14 2.44 1.24 1.20
	8,416 8,947 (531) 17,364 12,387 4,977

5

– 營收及毛利 合併

(新台幣十億元)

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21.3
20.3 49% 48%
45% 45%
42%
16.0
38%
30%
29%
27%
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2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22
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2Q22

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營業毛利 營業收入

6

– 資產負債表 合併

單位：新台幣百萬元 現金及約當現金 存貨 不動產、廠房、設備及使用權資產 資產總計 長期負債 負債總計 股東權益 負債/權益比 流動比率	Jun. 30, '22 % Dec. 31, '21 % Jun. 30, '21 % 26,419 15% 30,914 20% 17,751 13% 18,816 10% 15,941 10% 14,454 10% 91,601 51% 65,882 43% 65,558 47% 179,088100%152,740100%139,208100% 30,614 18% 23,305 15% 21,381 15% 85,109 48%62,707 41%56,647 41% 93,979 52%90,033 59%82,561 59% 0.91 0.70 0.69 1.62 2.53 2.26

7

– 現金流量表 合併

單位：新台幣百萬元 營運活動現金流量 折舊與攤銷費用 投資活動現金流量 資本支出 籌資活動現金流量 本期現金及約當現金增加(減少)數 期末現金及約當現金
	2Q22	1Q22	QoQ	1H22	1H21	YoY
	3,660 8,138 (4,478) 11,797 9,738 2,059
	2,617 2,642 (25) 5,259 5,469 (210)
	(15,956) (9,332) (6,624) (25,288) (2,817) (22,471)
	(15,835) (9,125) (6,710) (24,960) (4,454) (20,506)
	8,515 370 8,145 8,885 (485) 9,370
	(3,734) (761) (2,973) (4,495) 6,006 (10,501) 26,419 30,153 (3,734) 26,419 17,751 8,668

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記憶體事業 (1)

單位：新台幣百萬元	2Q22	1Q22	QoQ	1H22	1H21	YoY
營業收入 銷貨成本 營業毛利 營業毛利率 營業費用 營業利益 營業利益率	15,299 7,320 7,979 52% 3,464 4,515 30%	15,563 7,621 7,942 51% 3,063 4,879 31%	(264) (301) 37 +1 ppts 401 (364) -1 ppts	30,862 14,941 15,921 52% 6,527 9,394 30%	26,029 15,578 10,451 40% 4,779 5,672 22%	4,833 (637) 5,470 +12 ppts 1,748 3,722 +8 ppts

9

記憶體事業 (2)

(新台幣十億元)

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52%
51%
47% 47%
11.3
9.7 10.5 10.5 43%
36%
25% 25%
22%
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q224Q212Q22
營業毛利 營業收入
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10

邏輯事業 (1)

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單位：新台幣百萬元 2Q22 1Q22 QoQ 1H22 1H21 YoY
營業收入 15,299 15,563 (264) 30,862 26,029 4,833
銷貨成本 7,320 7,621 (301) 14,941 15,578 (637)
營業毛利 7,979 7,942 37 15,921 10,451 5,470
營業毛利率 52% 51% +1 ppts 52% 40% +12 ppts
營業費用 3,464 3,063 401 6,527 4,779 1,748
營業利益 4,515 4,879 (364) 9,394 5,672 3,722
營業利益率 30% 31% -1 ppts 30% 22% +8 ppts
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邏輯事業 (2)

單位：新台幣百萬元 現金及約當現金 存貨 不動產、廠房、設備及使用權資產 資產總計 長期負債 負債總計 股東權益 負債/權益比 流動比率	Jun. 30, '22 % Dec. 31, '21 % Jun. 30, '21 % 11,350 31% 9,699 28% 6,270 20% 7,407 20% 6,859 20% 6,280 20% 7,411 20% 8,452 25% 9,116 29% 36,315100%34,408100%31,107100% 1,500 4% 1,500 4% 1,875 6% 21,037 58%18,854 55%17,714 57% 15,278 42%15,554 45%13,393 43% 1.38 1.21 1.32 1.99 2.24 1.87

12

記憶體事業資本支出

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43.9
(新台幣十億元)
16.7
13.2
9.3
7.9
2018 2019 2020 2021 2022(E)
已支出 預估
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現金基礎資本支出截至08/05/2022

13

營運回顧及展望

14

記憶體營收分析

營收 (新台幣十億元)

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18
16
14
45%
46% 45%
46%
12 46%
10
44%
43% 43%
44%
8
6
55%
54% 54% 55% 54%
4 56% 57% 57% 56%
2
0
2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q2222
Flash DRAM
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15

– 記憶體營收 依應用面

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1Q22
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2Q22
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車用&工業用 通訊電子
24% 32%
消費電子
電腦
19%
25%
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車用&工業用 通訊電子
26% 30%
消費電子
電腦
21%
23%
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Note: Rev excluded foundry and others

車用 & 工業用 YoY +6%

消費電子 YoY +8%

電腦 通訊電子 YoY -6% YoY -9%

NT$M

NT$M

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NT$M NT$M
5,000 5,000
4,000 4,000
3,000 3,000
2,000 2,000
1,000 1,000
0 0
1Q22 2Q22 1Q22 2Q22
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NT$M

NT$M

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5,000 5,000
4,000 4,000
3,000 3,000
2,000 2,000
1,000 1,000
0 0
1Q22 2Q22 1Q22 2Q22
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16

– 記憶體營收 依應用面

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1H21
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1H22
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車用&工業用 通訊電子
19% 35%
消費電子
電腦
26%
20%
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車用&工業用 通訊電子
25% 31%
消費電子
電腦
20%
24%
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Note: Rev excluded foundry and others

車用&工業用 YoY +58%

消費電子 YoY -7%

電腦 YoY +43%

通訊電子 YoY +7%

NT$M

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NT$M
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8,000
8,000
6,000
6,000
4,000
4,000
2,000
2,000
0
0
1H21 1H22
1H21 1H22
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NT$M

NT$M

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NT$M NT$M
10,000
8,000
8,000
6,000
6,000
4,000
4,000
2,000 2,000
0
0
1H21 1H22
1H21 1H22
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17

DRAM事業

• ❑ 2022上半年營收年成長19%

• ❑ 2022上半年位元出貨量與去年同期約略持平

• ❑ 2022年上半年25奈米營收貢獻DRAM營收超過65%

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51%
45% 54%
66% 70%
31%
14% 10%
19% 11%
6%
4%
33% 31%
42% 29%
22% 21%
8% 8% 8% 6% 6% 5%
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1Q21 2Q21 3Q21 4Q21 1Q22 2Q222Q22 65nm 46nm 38nm 25nm

18

Flash事業

• ❑ 2022上半年營收年成長18%

• ❑ 高容量NOR Flash產品的營收持續增加

❑ 在NOR Flash市場處於領導地位且市占率持續成長

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19%
15% 17%
18%
18%
18%
63%
67% 66%
63% 65%
63%
19% 19% 18% 18% 17% 17%
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1Q21 2Q21 3Q21 4Q21 1Q22 2Q222Q22

90nm 58nm 46nm

19

市場與營運展望 (1)

❑ Specialty DRAM

• ❖ 2022上半年供給略為減少

• 、 、

• ❖ 整體需求下降，惟Wi-Fi 6/7 IoT industrial區塊仍需求強勁

❑ Code Storage Flash

• ❖ 2022上半年供給穩定

• ❖ 消費性電子及低容量產品需求疲弱

• 、

• ❖ 需求強勁: automotive 5G base station及server區塊

20

市場與營運展望 (2)

❑ 整體市場

• ❖ 2021年的超額訂單狀況可能需要一些時間做存貨調整

• ❖ 因通膨效應及全球經濟不確定因素，市場展望趨於保守

❑ 華邦營運

• ❖ 高雄廠：因機台交期延遲，每月10萬片產能量產時程將稍微延後

• ❖ 20奈米DRAM及45奈米NOR Flash新製程技術預計將於2023年開始貢獻營收

• ❖ 持續向客戶保證長期且穩定的供應

• 、

• ❖ 均衡供給各應用面需求，並著重於automotive 5G建設及industrial區塊的發展

21

新產品介紹

1.2V SPI NOR Flash in 64Mb

• ❖ 業界第一家推出標準低電壓1.2V SPI NOR Flash

• ❖ 可滿足新一代物聯網相關設備的記憶體需求

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LPDDR4/4X 100BGA

• ❖ 符合最新JEDEC標準

• ❖ 可滿足新一代物聯網相關設備的記憶體需求；提 供1Gb和2Gb容量；資料傳輸速率高達 4267Mbps

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22

Q & A

23

Thank you

24