Slide 1: WIN Semiconductors Company Presentation May 2015
WIN Semiconductors Wireless • Information • Networking Company Presentation May 2015 WIN Property www.winfoundry.com p.0
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
Quarterly Results WIN Property www.winfoundry.com p.2
Slide 4: Revenue & Margin Trend
Revenue & Margin Trend • 1Q15 revenues up 3% QoQ, driven by robust demand from customers, especially from Infrastructure and Cellular related orders. • 1Q15 GM improved 0.6pp sequentially to a record high of 37.9%, which is a combined result of improving product mix and higher utilization rate. OPM
Slide 5: Earnings Trend
Earnings Trend • 1Q15 net profit increased 11% QoQ to NT$618mn, and increased 190% YoY. The solid growth was driven by the aforementioned improvements in core operations, including sales growth and margin expansion. • 1Q15 EPS came in at NT$0.83, compared to NT$0.75 in 4Q14. NT$M Earnings & growth t
Slide 6: FCF & Gearing Trend
FCF & Gearing Trend • Free cash flow (FCF) continued to be positive for the past 6 quarters as a result of our rigid control on capex and improvements in efficiency. • Interest-bearing debts fell to below NT$3.3bn and gearings declined to a historical low since listing, reinforcing our solid balance
Slide 7: Product Mix
Product Mix 1Q14 Wi-Fi 25-30% 1Q15 Cellular 45-50% Wi-Fi 25-30% Infra. 25-30% 4Q14 Cellular 50-55% Wi-Fi 30-35% Infra. 15-20% Cellular 50-55% Infra. 15-20% Source: company. WIN Property www.winfoundry.com p.6
Slide 8: Financial Summary
Financial Summary WIN Property www.winfoundry.com p.7
Slide 9: Consolidated Statements of Comprehensive Income - Quarterly
Consolidated Statements of Comprehensive Income - Quarterly Unit: NTD Million 1Q'14 4Q'14 1Q'15 QoQ YoY Net revenue 1,667 2,713 2,807 +3% +68% Gross profit 500 1,011 1,063 +5% +113% Gross margin (%) 30.0% 37.3% 37.9% Operating expenses (297) (334) (288) -14% -3% Operating expenses rate (%) -18% -12%
Slide 10: Non-operating Items
Non-operating Items Unit: NTD Million 1Q'14 1Q'15 Foreign exchange gains (losses) 6 (22) Gains (losses) on disposals of property, plant and equipment - - Gains (losses) on disposals of investments (55) 1 Gains on financial assets (liabilities) at fair value through profit or loss, net 121 2 Share of
Slide 11: Consolidated Balance Sheets
Consolidated Balance Sheets 2014/3/31 2014/12/31 2015/3/31 (Unit: NTD Million) Major Item $ % $ % $ % Cash and cash equivalents 1,694 8% 2,677 12% 2,897 13% Current financial assets at fair value through profit or loss 1,772 8% 1,321 6% 903 4% Current available-for-sale financial assets 668 3% 677 3
Slide 12: Q&A
Q&A WIN Property www.winfoundry.com p.11
Slide 13: For more information regarding WIN
For more information regarding WIN www.winfoudry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Property www.winfoundry.com p.12