Slide 1: WIN Semiconductors 3Q2024 Investor Conference
WIN Semiconductors 3Q2024 Investor Conference October 2024 WIN Semiconductors Confidential
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as
Slide 3: Quarterly Results & Guidance
QUARTERLY RESULTS & GUIDANCE WIN Semiconductors Confidential 3
Slide 4: Revenue & Margin Trend
Revenue & Margin Trend 3Q24 revenue was NT$4.35b, down 12% QoQ and up 4% YoY. In 3Q24, due to the decline in capacity utilization rate from 65% in the previous quarter to 50%，gross margin declined by 5.6 pp sequentially to 21.6% and operating margin declined by 7.2 pp to 2.9%. Quarterly revenue
Slide 5: Earnings Trend
Earnings Trend In 3Q24, given slower inventory pull-ins by customers and the decline in capacity utilization rate, net profit attributable to the parent company was NT$228 million. 3Q24 EPS came in at NT$0.54 and 1-3Q24 cumulative EPS was NT$2.64. NT$M Earnings & growth trend NT$ EPS 800 1.50 600
Slide 6: Product Mix
Product Mix 3Q23 3Q24 Others* 18% Others* 16% Wi-Fi Cellular 10-15% 45-50% Cellular 35-40% Infra. 20-25% Wi-Fi 15-20% 2Q24 Others* 12% Wi-Fi Cellular 15-20% 40-45% Infra. 25-30% * Others: Revenue not attributable to main product segments and additional revenue being consolidated in accordance with I
Slide 7: Guidance
Guidance We expect 4Q24 revenue to decline mid-teens QoQ. We expect 4Q24 gross margin to be around the level of high-teens. WIN Semiconductors Confidential 7
Slide 8: Financial Summary
FINANCIAL SUMMARY WIN Semiconductors Confidential 8
Slide 9: Consolidated Statements of Comprehensive Income – Quarterly
Consolidated Statements of Comprehensive Income – Quarterly 3Q'24 Unit: NTD Million 3Q'23 2Q'24 QoQ YoY (unaudited) Net revenue 4,165 4,961 4,348 -12% +4% Gross profit 919 1,352 938 -31% +2% Gross margin (%) 22.1% 27.2% 21.6% Operating expenses (849) (850) (813) -4% -4% Operating expenses rate (%) -
Slide 10: Consolidated Statements of Comprehensive Income - YTD
Consolidated Statements of Comprehensive Income - YTD 2024Q1-3 Unit: NTD Million 2023Q1-3 YoY (unaudited) Net revenue 10,968 13,752 +25% Gross profit 2,036 3,284 +61% Gross margin (%) 18.6% 23.9% Operating expenses (2,731) (2,474) -9% Operating expenses rate (%) -25% -18% Operating income (loss) (69
Slide 11: Non-operating Items
Non-operating Items 3Q'24 2024Q1-3 Unit: NTD Million 3Q'23 2023Q1-3 (unaudited) (unaudited) Foreign exchange gains (losses) (121) 264 (777) 231 Gains (losses) on disposals of property, plant and 4 0.04 (19) (0.2) equipment Gains on repurchase of bonds payable 157 - 713 - Gains on financial liabiliti
Slide 12: Consolidated Balance Sheets
Consolidated Balance Sheets 2024/9/30 2023/9/30 2024/6/30 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 6,352 10% 5,296 8% 5,673 9% Current financial assets at fair value through profit or loss 143 0.2% 143 0.2% 180 0.3% Notes and accounts receivable, net 1,206 2%
Slide 13: Q&A
Q&A For more information regarding WIN www.winfoundry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Semiconductors Confidential 13