Slide 1: 2024 Second Quarter Investor Conference
2024 Second Quarter Investor Conference August 6, 2024
Slide 2: Safe Harbor Statement
Safe Harbor Statement WT’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on WT’s current expectations. Actual results may differ materially
Slide 3: Agenda
Agenda 1. Overview 2. Financial Update 3. Business Outlook 4. Questions and Answers 3
Slide 4: 1. Overview
1. Overview 48 160+ 8,000+ Countries & Regions Locations Employees REACH Top 1 Globally Top 1 in APAC With 12.2% market share1 With 14.5% market share2 RANKING Access to Comprehensive portfolio of 400+ Suppliers semiconductor and IP&E3 products PRODUCT 25,000+ End-to-end global coverage CUSTOMER Cus
Slide 5: 2Q24 Statement of Comprehensive Income
2. Financial Update 2Q24 Statement of Comprehensive Income Unit: NT$M 2Q24 1Q24 2Q23 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 243,647 192,651 26% 117,460 107% Gross profit 10,993 4,870 126% 4,206 161% Gross margin 4.51% 2.53% 3.58% Operating expenses (6,729) (2,259) 198% (2,1
Slide 6: 1H24 Statement of Comprehensive Income
2. Financial Update 1H24 Statement of Comprehensive Income Unit: NT$M 1H24 2H23 1H23 Key accounts HoH YoY Amount Amount Amount Net Operating revenues 436,298 356,956 22% 237,563 84% Gross profit 15,863 10,057 58% 8,349 90% Gross margin 3.64% 2.82% 3.51% Operating expenses (8,989) (5,881) 53% (4,325)
Slide 7: Balance Sheet
2. Financial Update Balance Sheet Unit: NT$M 2Q24 1Q24 2Q23 Key accounts Amount % Amount % Amount % Cash and cash equivalents 45,886 11 55,010 19 6,127 3 Accounts receivable 149,790 37 108,529 37 67,872 35 Inventory 135,675 34 100,361 34 93,837 49 Other current assets 10,067 3 10,430 3 4,145 2 Non-c
Slide 8: Revenue, margins, OPEX and EPS trends
2. Financial Update Unit: NT$M Revenue vs GPM OP vs OPM Revenue GPM OP OPM 300,000 4.51% 5.0% 4,500 1.88% 1.74% 1.75% 2.0% 1.67% 1.65% 1.8% 4.5% 4,000 250,000 1.6% 3.45% 3.58% 4.0% 3,500 1.35% 1.36% 200,000 3.19% 3.17% 3.03% 3.5% 3,000 1.4% 2.63% 1.01% 1.2% 2.53% 3.0% 2,500 150,000 4,264 1.0% 2.5% 2
Slide 9: Operating Cash Cycle
2. Financial Update Operating Cash Cycle 1 2 3 4 AR INV AP Operating cash cycle 80 72 70 67 60 60 60 49 50 40 40 71 74 72 30 68 30 28 64 57 58 58 57 60 59 59 54 51 53 51 53 53 51 52 54 46 47 48 20 10 0 5 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Note: 1. AR days = quarterly average account receivable
Slide 10: ROWC vs. NWC/Sales
2. Financial Update ROWC vs. NWC/Sales 1 2 NWC/Sales ROWC 0.25 0.20 17.3% 0.15 14.3% 13.1% 12.9% 11.0% 10.8% 10.4% 0.10 8.6% 0.05 0.00 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 Note： 1. NWC/Sales ratio is calculated by quarter-end net working capital divided by annualized quarterly sales. 2. ROWC is c
Slide 11: ROE vs. Equity
2. Financial Update ROE vs. Equity Unit: NT$M 1 Equity attributable to owners of the parent ROE 120,000 20% 18% 100,000 14.9% 16% 14% 80,000 12% 60,000 9.4% 10% 8.4% 6.7% 97,041 8% 8.7% 6.3% 8.1% 40,000 61,168 71,109 85,561 6% 55,875 54,105 5.1% 4% 20,000 59,108 56,508 2% - 0% 3Q22 4Q22 1Q23 2Q23 3Q
Slide 12: 3Q24 Guidance
2. Financial Update We currently expect 3Q24 : At a forecast exchange rate of 32.5 NT Dollars to 1 US Dollar Unit: NT$M 3Q24 2Q24 Item Forecast Amount Revenue 247,000 ~ 263,000 243,647 Gross Profit 10,366 ~ 11,561 10,993 Gross Margin 4.20% ~ 4.40% 4.51% Operating Expenses 6,303 ~ 6,707 (6,729) Ope
Slide 13: Well-positioned to Address a Massive US$1 Trillion Market Opportunity
3. Business Outlook Well-positioned to Address a Massive US$1 Trillion Market Opportunity World Semiconductor Revenue Forecast Semiconductor Market 2023-27F CAGR vs. forecast 3 months ago US$ Billion 750 +10.9% vs. +8.8% 650 550 Non-Memory $737 $790 $803 450 $632 Semiconductor Market $598 $600 $53
Slide 14: Global Semiconductor Market Forecast by Application
3. Business Outlook Global Semiconductor Market Forecast by Application (US$ Billion) Semiconductor Market 803 2023-27F semiconductor revenue CAGR by application 113 530 96 Automotive: +9.8% 78 146 70 56 Industrial: +8.3% 64 72 42 Communication: +7.4% 56 163 111 155 Datacenter and Server: +22.8%
Slide 15: 2Q24 Revenue Breakdown by Application
3. Business Outlook 2Q24 Revenue Breakdown by Application WT excluding Future QoQ and YoY growth 100% 9.3% 7.3% 6.9% 8.3% QoQ – 1Q24 (Left) vs. 2Q24 (Right) 6.5% 6.4% 100 +13% 90 13.7% Revenue (NT$B) 13.4% 80 80% 12.7% 14.6% 70 60 50 -5% 13.2% 40 +25% 15.0% 30 +2% +8% +4% +5% 72% Star 20 60% Applica
Slide 16: Q&A WT Microelectronics
Q&A WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner
Slide 17: Thank You!
Thank You! WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner