Winbond Electronics Corp. · TWSE:2344
Winbond Electronics — 2Q17 Cathay Securities Conference (June 2017)
11 slides from Winbond Electronics's conference presentation, Jun 15, 2017
Slide 1: 2Q17 Cathay Securities Conference
2Q17 Cathay Securities Conference
Slide 2: Safe Harbor Notice
Safe Harbor Notice • This presentation contains forward-looking statements concerning, among other things, our financial condition, future expansion plans and business strategies. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These f
Slide 3: Table of Content
Table of Content • Company Overview • Business Model: A Hidden Champion of Specialized Memory Supplier • Balanced Product Mix • Growing Application • Automotive and Industrial • Other field • Financial Recap • Revenue and GM Trend • CAPEX 3
Slide 4: Company Overview - Business Model: A Hidden Champion of Specialized Memory Supplier
Company Overview - Business Model: A Hidden Champion of Specialized Memory Supplier What are the characteristics of a “Hidden Champion”? Leadership in Niche Market with Growth Potential Close to Customer Innovative Technology An International Organization 4
Slide 5: Company Overview - Balanced Product Mix
Company Overview - Balanced Product Mix Specialty Flash 44% 41% Mobile 15% Note: 1Q’17 revenue SDRAM Serial NOR LP SDRAM DDR/DDR2 SLC NAND LP DDR/DDR2 DDR3 Serial NAND LP DDR3 KGD KGD Pseudo SDRAM 5 KGD
Slide 6: Growing Application - Automotive & Industrial
Growing Application - Automotive & Industrial Why growing? Global Demand of DRAM in Automotive and Industrial Applications: 1,200 Performance than Cost 1,000 800 Longevity 600 400 200 High Quality - 2012 2013 2014 2015 2016 2017 2018 2019 2020 Growth Potential Automotive Total Bit Demand (million Gb
Slide 7: All around a car, all around the world
All around a car, all around the world ADAS Telematics Infotainment Cluster Winbond has been a memory supplier for Infotainment, Cluster, Telematics, and ADAS. Customers including global tier-1 OEM companies in Japan, Germany, Korea, and USA. 7
Slide 8: Car & Industrial
Car & Industrial Y2012 Revenue Breakdown Y2016 Revenue Breakdown Car & Industrial Car & Industrial 2% 18% Communicatio Consumer Communication n 29% 34% 32% Consumer 26% Computer Computer 24% 35% 8
Slide 9: Growing Application - AMOLED
Growing Application - AMOLED Manufacturing costs (US$): Source: IHS, 2016 Source: WitsView Manufacturing cost of AMOLED is lower than LCD from 2016. AMOLED penetration rate in global smartphone will reach 40% in 2019 Winbond is the major NOR supplier in AMOLED application 9
Slide 10: Financial Recap: Revenue and GM Trend
Financial Recap: Revenue and GM Trend Revenue (NT$B) Gross Margin 10.0 35% 30% 8.0 25% 20% 6.0 15% 10% 4.0 5% 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 Revenue GM% 10
Slide 11: Y2017 CAPEX- Memory
Y2017 CAPEX- Memory (NT$ B) 17.4 20.0 13.0 15.0 10.0 4.8 3.9 5.0 3.0 2.1 0.0 2012 2013 2014 2015 2016 2017 (E) CAPEX(Cash Basis) as of 04/28/2017
Winbond Electronics — 2Q17 Cathay Securities Conference (June 2017) on 6ix