Slide 1: WIN Semiconductors 2Q2024 Investor Conference
WIN Semiconductors 2Q2024 Investor Conference July 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 2Q24 revenue was NT$4.96b, up 12% QoQ and up 26% YoY. 2Q24 GM was affected by -3.1 pp due to the decline in the share price of a listed Chinese customer held by our consolidated subsidiary. However, driven by higher utilization and better product mix compared to last quart
Slide 5: Earnings Trend
Earnings Trend In 2Q24, net profit attributable to the parent company was NT$485m, compared to NT$407m in 1Q24. EPS came in at NT$1.14 for 2Q24, compared to NT$0.96 in 1Q24. NT$M Earnings & growth trend NT$ EPS 800 1.50 600 400 1.00 200 0.50 0 -200 0.00 -400 -600 (0.50) -800 1Q23 2Q24 3Q22 4Q22 2Q
Slide 6: Product Mix
Product Mix 2Q23 Others* 18% 2Q24 Cellular 30-35% Others* 12% Wi-Fi 15-20% Wi-Fi Cellular Infra. 25-30% 15-20% 40-45% 1Q24 Others* 15% Wi-Fi Infra. 10-15% Cellular 45-50% 25-30% Infra. * Others: Revenue not attributable to main product segments and additional 20-25% revenue being consolidated in acc
Slide 7: Guidance
Guidance We expect 3Q24 revenue to decline high single digit QoQ. We expect 3Q24 gross margin to be around the level of mid-twenties. 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 2Q'24 Unit: NTD Million 2Q'23 1Q'24 QoQ YoY (unaudited) Net revenue 3,944 4,442 4,961 +12% +26% Gross profit 791 995 1,352 +36% +71% Gross margin (%) 20.1% 22.4% 27.2% Operating expenses (961) (811) (850) +5% -12% Operating expenses rate (%
Slide 10: Consolidated Statements of Comprehensive Income - YTD
Consolidated Statements of Comprehensive Income - YTD 2024H1 Unit: NTD Million 2023H1 YoY (unaudited) Net revenue 6,803 9,404 +38% Gross profit 1,117 2,346 +110% Gross margin (%) 16.4% 24.9% Operating expenses (1,882) (1,661) -12% Operating expenses rate (%) -28% -18% Operating income (loss) (765) 6
Slide 11: Non-operating Items
Non-operating Items 2Q'24 2024H1 Unit: NTD Million 2Q'23 2023H1 (unaudited) (unaudited) Foreign exchange gains (losses) (650) (12) (656) (33) Gains (losses) on disposals of property, plant and - (0.2) (23) (0.2) equipment Gains on repurchase of bonds payable 540 - 555 - Gains on financial liabilitie
Slide 12: Consolidated Balance Sheets
Consolidated Balance Sheets 2024/6/30 2023/6/30 2024/3/31 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 7,054 11% 5,592 9% 5,296 8% Current financial assets at fair value through profit or loss 103 0.2% 142 0.2% 143 0.2% Notes and accounts receivable, net 971 1% 1,
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