Slide 1: WIN Semiconductors 3Q2022 Investor Conference
WIN Semiconductors 3Q2022 Investor Conference October 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 3Q22 revenue was NT$3.9b, down 26% QoQ and down 42% YoY. 3Q22 gross margin declined by 14.2pp sequentially to 16.0% and operating margin declined by 19.2pp to -5.1%. The declines were mainly caused by an increase in investment loss of a consolidated subsidiary whose main b
Slide 5: Margin – Supplementary Information
Margin – Supplementary Information Our third quarter gross margin would have been 21.1% if excluding a one- off factor, that we recognized a one-off valuation loss on overseas investment targets held by a consolidated subsidiary whose main business purpose is investment. The oversea investment tar
Slide 6: Earnings Trend
Earnings Trend 3Q22 net profit was NT$245m, down 55% QoQ and down 84% YoY. EPS came in at NT$0.83, compared to NT$1.52 in 2Q22. Earnings & growth trend NT$ EPS NT$M 2,500 40% 4.50 20% 4.00 2,000 3.50 0% 1,500 3.00 -20% 1,000 2.50 -40% 2.00 500 -60% 1.50 0 -80% 1.00 -500 -100% 0.50 4Q20 1Q21 2Q21 3
Slide 7: Product Mix
Product Mix 3Q21 Others* 19% 3Q22 Wi-Fi 10-15% Cellular Others* 45-50% 26% Infra. Cellular 15-20% 30-35% 2Q22 Wi-Fi Others* 5-10% 20% Wi-Fi 5-10% Cellular Infra. 40-45% 30-35% * Others: Revenue not attributable to main product segments and additional Infra. 25-30% revenue being consolidated in accor
Slide 8: 4Q22 Guidance
4Q22 Guidance We expect 4Q22 revenue to decline low-teens QoQ. We expect 4Q22 gross margin will be between the level of high-teens and low-twenties. WIN Semiconductors Confidential 8
Slide 9: Financial Summary
FINANCIAL SUMMARY WIN Semiconductors Confidential 9
Slide 10: Consolidated Statements of Comprehensive Income - Quarterly
Consolidated Statements of Comprehensive Income - Quarterly 3Q'22 Unit: NTD Million 3Q'21 2Q'22 QoQ YoY (unaudited) Net revenue 6,761 5,297 3,909 -26% -42% Gross profit 2,623 1,601 624 -61% -76% Gross margin (%) 38.8% 30.2% 16.0% Operating expenses (814) (853) (825) -3% +1% Operating expenses rate (
Slide 11: Consolidated Statements of Comprehensive Income - YTD
Consolidated Statements of Comprehensive Income - YTD 2022Q1-3 Unit: NTD Million 2021Q1-3 YoY (unaudited) Net revenue 18,965 14,803 -22% Gross profit 6,847 3,939 -42% Gross margin (%) 36.1% 26.6% Operating expenses (2,433) (2,476) +2% Operating expenses rate (%) -13% -17% Operating income 4,414 1,46
Slide 12: Non-operating Items
Non-operating Items WIN Semiconductors Confidential 12
Slide 13: Consolidated Balance Sheets
Consolidated Balance Sheets 2022/9/30 2021/9/30 2022/6/30 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 16,482 23% 12,960 18% 10,880 15% Current financial assets at fair value through profit or loss 56 0.1% 53 0.1% 600 1% Notes and accounts receivable, net 2,088 3%
Slide 14: Q&A
Q&A For more information regarding WIN www.winfoundry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Semiconductors Confidential 14