Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Winbond Electronics Corp. Investor Presentation 2021

Aug 11, 2021

52017_rns_2021-08-11_25ee5e7f-19f2-4aac-a331-1b8e8a8dce0d.pdf

Investor Presentation

Open in viewer

Opens in your device viewer

~~2021年上半年法說~~ 會

Aug. 5[th] , 2021

==> picture [960 x 42] intentionally omitted <==

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
息前稅前折舊與攤銷前利益
2Q21 1Q21 QoQ 1H21 1H20 YoY
25,235
21,325		 3,910 46,560
24,302		 22,258
10,653
8,011		 2,642 18,664
6,525		 12,139
42%
38%		 +4 ppts 40%
27%		 +13 ppts
4,622
2,296		 2,326 6,918
908		 6,010
88
(102)
(930)
(485)		 190
(445)		 (14)
(91)
(1,415)
(60)		 77
(1,355)
3,780
1,709
0.84
0.40		 2,071
0.44		 5,489
757
1.24
0.16		 4,732
1.08
7,523
4,863		 2,659 12,387
5,484		 6,903

5

– 營收及毛利 合併

(新台幣十億元)

==> picture [758 x 277] intentionally omitted <==

----- Start of picture text -----

21.3 42%
20.3
38%
16.0
13.4 30%
12.8 29%
12.5
27% 11.5 27%
24%
22%
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
----- End of picture text -----

營業毛利 營業收入

6

– 資產負債表 合併

==> picture [889 x 348] intentionally omitted <==

----- Start of picture text -----

單位：新台幣百萬元 Jun. 30, '21 % Dec. 31, '20 % Jun. 30, '20 %
現金及約當現金 17,751 13% 11,744 9% 12,559 12%
存貨 14,454 10% 14,141 11% 10,583 10%
不動產、廠房及設備 60,417 43% 61,453 49% 55,340 54%
資產總計 139,208 100% 126,043 100% 103,541 100%
長期負債 21,381 15% 20,534 16% 20,868 21%
負債總計 56,647 41% 55,450 44% 41,448 40%
股東權益 82,561 59% 70,593 56% 62,093 60%
負債/權益比 0.69 0.79 0.67
流動比率 2.26 1.87 2.29
----- End of picture text -----

7

– 現金流量表 合併

==> picture [932 x 266] intentionally omitted <==

----- Start of picture text -----

單位：新台幣百萬元 2Q21 1Q21 QoQ 1H21 1H20 YoY
營運活動現金流量 6,425 3,318 3,107 9,743 4,313 5,430
折舊與攤銷費用 2,901 2,568 333 5,469 4,576 893
投資活動現金流量 (1,563) (1,254) (309) (2,817) (3,528) 711
資本支出 (2,818) (1,636) (1,182) (4,454) (3,108) (1,346)
籌資活動現金流量 71 (560) 631 (489) 353 (842)
本期現金及約當現金增加(減少)數 4,666 1,340 3,326 6,006 1,091 4,915
期末現金及約當現金 17,751 13,085 4,666 17,751 12,559 5,192
----- End of picture text -----

8

– 綜合損益表 記憶體

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
息前稅前折舊與攤銷前利益
2Q21 1Q21 QoQ 1H21 1H20 YoY
14,486
11,215		 3,271 25,701
18,888		 6,813
6,141
3,954		 2,187 10,095
4,152		 5,943
42%
35%		 +7 ppts 39%
22%		 +17 ppts
3,606
1,829		 1,777 5,435
383		 5,052
453
88
(723)
(331)		 365
(392)		 541
183
(1,054)
56		 358
(1,110)
3,336
1,586
0.84
0.40		 1,750
0.44		 4,922
622
1.24
0.16		 4,300
1.08
6,176
4,038		 2,138 10,214
4,707		 5,507

9

– 營收與毛利 記憶體

(新台幣十億元)

==> picture [758 x 273] intentionally omitted <==

----- Start of picture text -----

11.2
10.3 10.4 10.4
9.6
9.5
9.3
42%
35%
24% 24%
22% 21%
19%
16%
3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21
----- End of picture text -----

營業毛利 營業收入

10

– 資產負債表 記憶體

==> picture [889 x 348] intentionally omitted <==

----- Start of picture text -----

單位：新台幣百萬元 Jun. 30, '21 % Dec. 31, '20 % Jun. 30, '20 %
現金及約當現金 10,527 9% 4,818 5% 4,824 5%
存貨 8,230 7% 7,920 8% 8,705 9%
不動產、廠房及設備 54,303 47% 54,399 54% 54,083 57%
資產總計 115,229 100% 100,053 100% 94,564 100%
長期負債 19,506 17% 17,826 18% 18,362 18%
負債總計 39,040 34% 34,604 35% 35,285 37%
股東權益 76,189 66% 65,449 65% 59,279 63%
負債/權益比 0.51 0.53 0.60
流動比率 2.37 1.96 1.86
----- End of picture text -----

11

– 現金流量表 記憶體

==> picture [932 x 266] intentionally omitted <==

----- Start of picture text -----

單位：新台幣百萬元 2Q21 1Q21 QoQ 1H21 1H20 YoY
營運活動現金流量 5,390 3,093 2,297 8,483 4,139 4,344
折舊與攤銷費用 2,570 2,209 361 4,779 4,324 455
投資活動現金流量 (2,701) (1,180) (1,521) (3,881) (3,132) (749)
資本支出 (2,757) (1,454) (1,303) (4,211) (2,992) (1,219)
籌資活動現金流量 1,127 (20) 1,147 1,107 (1,608) 2,715
本期現金及約當現金增加(減少)數 3,816 1,893 1,923 5,709 (601) 6,310
期末現金及約當現金 10,527 6,711 3,816 10,527 4,824 5,703
----- End of picture text -----

12

記憶體資本支出

(新台幣十億元)

==> picture [766 x 314] intentionally omitted <==

現金基礎資本支出截至08/05/2021

13

營運回顧及展望

14

記憶體營收分析

營收 (新台幣十億元)

16 14 12 10 8 6

4 57% 57% 56% 53% 55% 55% 56% 50% 2 0 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21

==> picture [144 x 18] intentionally omitted <==

----- Start of picture text -----

Flash DRAM
----- End of picture text -----

==> picture [18 x 18] intentionally omitted <==

15

– 記憶體營收 依應用面

==> picture [213 x 56] intentionally omitted <==

----- Start of picture text -----

1Q21
----- End of picture text -----

==> picture [213 x 56] intentionally omitted <==

----- Start of picture text -----

2Q21
----- End of picture text -----

==> picture [297 x 172] intentionally omitted <==

----- Start of picture text -----

車用 & 工業用
通訊電子
19%
35%
消費電子
26% 電腦
20%
----- End of picture text -----

==> picture [298 x 172] intentionally omitted <==

----- Start of picture text -----

車用 & 工業用
通訊電子
20%
34%
消費電子
26% 電腦
20%
----- End of picture text -----

Note: Rev excluded foundry and others

消費電子 QoQ +28%

車用 & 工業用 QoQ +33%

NT$M

==> picture [39 x 12] intentionally omitted <==

----- Start of picture text -----

NT$M
----- End of picture text -----

==> picture [369 x 154] intentionally omitted <==

----- Start of picture text -----

3,000 4,000
2,500
3,000
2,000
1,500 2,000
1,000
1,000
500
0 0
1Q21 2Q21 1Q21 2Q21
----- End of picture text -----

電腦 通訊電子 QoQ +27% QoQ +27%

==> picture [39 x 12] intentionally omitted <==

----- Start of picture text -----

NT$M
----- End of picture text -----

NT$M

==> picture [369 x 154] intentionally omitted <==

----- Start of picture text -----

3,000 5,000
2,500
4,000
2,000
3,000
1,500
2,000
1,000
500 1,000
0 0
1Q21 2Q21 1Q21 2Q21
----- End of picture text -----

16

– 記憶體營收 依應用面

==> picture [213 x 56] intentionally omitted <==

----- Start of picture text -----

1H20
----- End of picture text -----

==> picture [213 x 56] intentionally omitted <==

----- Start of picture text -----

1H21
----- End of picture text -----

==> picture [297 x 172] intentionally omitted <==

----- Start of picture text -----

車用 & 工業用
通訊電子
20%
34%
消費電子
24% 電腦
22%
----- End of picture text -----

==> picture [298 x 172] intentionally omitted <==

----- Start of picture text -----

車用 & 工業用
通訊電子
19%
35%
消費電子
26% 電腦
20%
----- End of picture text -----

Note: Rev excluded foundry and others

==> picture [511 x 200] intentionally omitted <==

----- Start of picture text -----

車用 & 工業用 消費電子 電腦
YoY +26% YoY +42% YoY +25%
NT$M NT$M NT$M
5,000 8,000 6,000
4,000
6,000
4,000
3,000
4,000
2,000
2,000
2,000
1,000
0 0 0
1H20 1H21 1H20 1H21 1H20 1H21
----- End of picture text -----

NT$M

通訊電子 YoY +37%

NT$M

==> picture [181 x 151] intentionally omitted <==

----- Start of picture text -----

10,000
8,000
6,000
4,000
2,000
0
1H20 1H21
----- End of picture text -----

17

DRAM 事業

  • 2021上半年營收年成長近40%

  • 2021上半年位元出貨量年成長中十位數百分比

  • 2021年第二季25奈米營收占DRAM營收達45%

==> picture [621 x 234] intentionally omitted <==

----- Start of picture text -----

45%
17% 31%
8% 11% 20%
27% 23% 14%
28% 22%
19%
33%
58% 55% 54% 51% 42%
7% 6% 6% 7% 8% 8%
----- End of picture text -----

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21

65nm 46nm 38nm 25nm

18

Flash 事業

  • 2021上半年營收年成長超過30%

  • 2021上半年位元出貨量年成長中低十位數百分比

 NOR Flash市占率領先全球

==> picture [615 x 229] intentionally omitted <==

----- Start of picture text -----

18%
18%
15%
17%
16%
16%
63%
61% 65% 63%
64% 64%
20% 20% 22% 20% 19% 19%
----- End of picture text -----

1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 90nm 58nm 46nm

19

市場與營運展望 (1)

Specialty DRAM

  • 供給緊俏：DRAM供應商在2022年前並無重大擴充產能的情況

  • 、 、 、

  • 需求強勁：Wi-Fi 5/6 Surveillance IoT Industrial等

  • Code Storage Flash

  • 供給緊俏：NOR和SLC NAND供給短缺的情形或將持續到2022年

  • 、 、 、

  • 需求強勁：Wearable Wi-Fi 5/6 GPON Automotive等

20

市場與營運展望 (2)

整體市場

  • 、 、 、 、 、

  • Networking Edge AI IoT Electric Vehicle Gaming Data Center等需求強勁

  • 記憶體景氣循環持續向上

  • 新冠肺炎疫情、通貨膨脹、和氣候變遷或將帶來更多商業上的不確定性

華邦營運

  • 發揮身為IDM公司所擁有的自有產能以及穩定供貨的優勢

  • 高雄廠：2022年上半年裝機按進度進行，2022年下半年逐步放量生產

  • 持續優化產品組合以及建立長期客戶合作關係

21

Q & A

22

Thank you

23

More from Winbond Electronics Corp.

AGM Information 2026
Jun 17
AGM Information 2026
Jun 17
Annual Report 2026
Jun 17
Regulatory Filings 2026
Jun 12
Regulatory Filings 2026
Jun 12
Regulatory Filings 2026
Jun 12
Share Issue/Capital Change 2026
Jun 12
Director's Dealing 2026
Jun 10
Director's Dealing 2026
Jun 10
Regulatory Filings 2026
Jun 5
View all filings →