Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q1 2024 Earnings Presentation

17 slides from Wt Microelectronics's earnings presentation, May 7, 2024

  1. Slide 1: 2024 First Quarter Investor Conference

    2024 First Quarter Investor Conference May 7, 2024

  2. 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

  3. Slide 3: Agenda

    Agenda 1. Overview 2. Business Outlook 3. Financial Update 4. Questions and Answers 3

  4. Slide 4: 1. Overview

    1. Overview A Leading Global Electronic Components Distributor No. 1 • Founded in 1993 and listed in 2000 in global 25K+ 400+ (ticker: 3036 TT) semiconductor • Dual-headquartered in Taipei and distribution market Customers Product Lines Montreal share* • Acquired Future Electronics in April 2024 • T

  5. Slide 5: Overview – the Acquisition of Future Electronics

    1. Overview – the Acquisition of Future Electronics Synergies Global Coverage Revenue Synergies • Expand distribution territories for suppliers and enable cross-sell opportunities to customers Comprehensive Product • Expand business through global coverage • Better utilize market intelligence in bus

  6. Slide 6: Business Outlook – US$1 Trillion Market Opportunity

    2. 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  +8.8% vs. +9.4% 650 550 Non-Memory $707 $746 $742 Semiconductor Market 450 $598 $600 $622 $530

  7. Slide 7: Global Semiconductor Market Forecast by Application

    2. Business Outlook Global Semiconductor Market Forecast by Application (US$ Billion) Semiconductor Market 742 2023-27F semiconductor revenue CAGR 116 by application 530 100 Automotive: +10.4% 78 55 70 106 Industrial: +9.4% 42 64 69 56 147 Communication: +7.0% 111 149 Datacenter and Server: +13.

  8. Slide 8: 1Q24 Statement of Comprehensive Income

    3. Financial Update 1Q24 Statement of Comprehensive Income Unit: NT$M 1Q24 4Q23 1Q23 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 192,651 189,696 2% 120,103 60% Gross profit 4,870 4,996 -3% 4,143 18% Gross margin 2.53% 2.63% 3.45% Operating expenses (2,259) (3,079) -27% (2,160) 5

  9. Slide 9: Balance Sheet

    3. Financial Update Balance Sheet Unit: NT$M 1Q24 4Q23 1Q23 Key accounts Amount % Amount % Amount % Cash and cash equivalents 55,010 19 22,748 9 5,817 3 Accounts receivable 108,529 37 111,637 42 68,423 36 Inventory 100,361 34 95,715 36 90,830 48 Other current assets 10,430 3 8,647 3 2,597 2 Non-curr

  10. Slide 10: Revenue, Operating Profit, OPEX and EPS Trends

    3. Financial Update Unit: NT$M Revenue vs GPM OP vs OPM Revenue GPM OP OPM 250,000 4.5% 3,500 3.0% 3.86% 3.58% 4.0% 2.47% 3.45% 3,000 2.5% 200,000 3.19% 3.17% 3.03% 3.5% 2,500 1.88% 1.67% 1.74% 2.0% 2.63% 3.0% 1.65% 150,000 2.53% 2,000 1.35% 1.36% 2.5% 1.5% 1,500 3,219 1.01% 100,000 189,696 192,651

  11. Slide 11: Operating Cash Cycle

    3. Financial Update Operating Cash Cycle AR INV AP Operating cash cycle 80 72 70 67 59 60 60 60 50 40 40 71 74 72 30 68 30 28 57 57 57 58 58 57 60 59 55 54 53 53 53 52 51 51 51 48 46 47 20 10 0 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 11

  12. Slide 12: ROWC vs. NWC/Sales

    3. Financial Update ROWC vs. NWC/Sales NWC/Sales ROWC 0.25 0.20 17.3% 0.15 13.7% 13.1% 12.9% 11.0% 10.8% 10.4% 0.10 8.6% 0.05 0.00 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 12

  13. Slide 13: ROE vs. Equity

    3. Financial Update ROE vs. Equity Unit: NT$M Equity attributable to owners of the parent ROE 90,000 20% 80,000 18% 15.7% 14.9% 16% 70,000 14% 60,000 12% 50,000 85,561 10% 8.4% 61,168 40,000 6.7% 71,109 8% 8.7% 8.1% 30,000 59,108 54,500 55,875 54,105 56,508 6% 6.3% 20,000 5.1% 4% 10,000 2% - 0% 2Q22

  14. Slide 14: 1Q24 Revenue Breakdown by Application

    3. Financial Update 1Q24 Revenue Breakdown by Application QoQ – 4Q23 (Left) vs. 1Q24 (Right) 100% 90 +44% 7.9% 7.4% 7.3% 80 Revenue (NT$B) 70 6.9% 6.5% 60 -33% 13.1% 50 80% 12.7% 40 -3% 13.3% 30 +1% -5% -10% -5% 20 13.8% 10 67% Star 0 Application 60% 16.5% 28.8% 40.8% 8.2% 40% 7.2% 10.4% 8.3% 6.4% 1

  15. Slide 15: 2Q24 Guidance

    3. Financial Update We currently expect 2Q24 :  At a forecast exchange rate of 32.3 NT Dollars to 1 US Dollar Unit: NT$M 2Q24 1Q24 Item Forecast Amount Revenue 233,000 ~ 253,000 192,651 Gross Profit 10,482 ~ 11,893 4,870 Gross Margin 4.50% ~ 4.70% 2.53% Operating Expenses 6,638 ~ 7,211 (2,259) Oper

  16. Slide 16: Q&A WT Microelectronics

    Q&A WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

  17. Slide 17: Thank You!

    Thank You! WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

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