Slide 1: WIN Semiconductors 2Q2022 Investor Conference
WIN Semiconductors 2Q2022 Investor Conference July 2022 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 2Q22 revenue was NT$ 5.3b, down 5% QoQ and down 14% YoY. 2Q22 gross margin declined by 0.4pp sequentially to 30.2% and operating margin declined by 2.3pp to 14.1%. The declines were mainly caused by a decline in capacity utilization rate. NT$M Quarterly revenue trend Quart
Slide 5: Earnings Trend
Earnings Trend 2Q22 net profit was NT$ 544m, down 31% QoQ and down 41% YoY. EPS came in at NT$1.52, compared to NT$2.08 in 1Q22. Earnings & growth trend NT$ EPS NT$M 2,500 1000% 5.00 4.50 800% 2,000 4.00 600% 3.50 1,500 3.00 400% 2.50 1,000 200% 2.00 500 1.50 0% 1.00 0 -200% 0.50 3Q21 1Q22 3Q20 4Q
Slide 6: Product Mix
Product Mix 2Q21 Others* 14% Wi-Fi 10-15% 2Q22 Others* 20% Cellular Infra. 50-55% 15-20% Wi-Fi 5-10% Cellular 1Q22 40-45% Others* 14% Wi-Fi 5-10% Infra. 25-30% Cellular Infra. 50-55% 20-25% * Others: Revenue not attributable to main product segments and additional revenue being consolidated in accor
Slide 7: 3Q22 Guidance
3Q22 Guidance We expect 3Q22 revenue to decline mid-twenties QoQ. We expect 3Q22 gross margin will be around the level of low-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'22 Unit: NTD Million 2Q'21 1Q'21 QoQ YoY (unaudited) Net revenue 6,195 5,597 5,297 -5% -14% Gross profit 2,212 1,714 1,601 -7% -28% Gross margin (%) 35.7% 30.6% 30.2% Operating expenses (803) (798) (853) +7% +6% Operating expenses rate (
Slide 10: Consolidated Statements of Comprehensive Income - YTD
Consolidated Statements of Comprehensive Income - YTD 2022H1 Unit: NTD Million 2021H1 YoY (unaudited) Net revenue 12,204 10,894 -11% Gross profit 4,224 3,315 -22% Gross margin (%) 34.6% 30.4% Operating expenses (1,619) (1,651) +2% Operating expenses rate (%) -13% -15% Operating income 2,605 1,663 -3
Slide 11: Non-operating Items
Non-operating Items 2Q'22 2022H1 Unit: NTD Million 2Q'21 2021H1 (unaudited) (unaudited) Foreign exchange gains (losses) (348) 100 (157) 439 Gains (losses) on disposals of property, plant and 0.7 7 (5) 7 equipment Gains on financial assets (liabilities) at fair value through 144 (300) 222 (579) profi
Slide 12: Consolidated Balance Sheets
Consolidated Balance Sheets 2022/6/30 2021/6/30 2022/3/31 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 19,899 27% 14,207 19% 12,960 18% Current financial assets at fair value through profit or loss 258 0.4% 57 0.1% 53 0.1% Notes and accounts receivable, net 2,107
Slide 13: Q&A
Q&A For more information regarding WIN www.winfoudry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Semiconductors Confidential 13