Macronix International Co., Ltd. · TWSE:2337
Macronix International — Q1 2003 Earnings Presentation
18 slides from Macronix International's earnings presentation, Apr 30, 2003
Slide 1: Macronix International Co., Ltd. 2003 Q1 Investor Conference
Macronix International Co., Ltd. 九十二 年第一季法人說明會 九十二年第一季法人說明會 2003 Q1 Investor Conference 30 April 2003 Integrated Solutions Provider
Slide 2: Safe Harbor Statement
Safe Harbor Statement These presentations and discussions contain certain forward-looking statements with respect to the results of operation, financial condition and current expectation. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depen
Slide 3: Agenda
Agenda ■ Welcome ■ Miin Wu ■ 1Q’03 Financial Results ■ Paul Yeh ■ Business Update ■ Tom Yiu ■ Remark & 2003 Forecasts ■ Miin Wu 3 Integrated Solutions Provider
Slide 4: Financial Result-Income Statement
Financial Result-Income Statement Change Change NT$M : except EPS 2003/Q1 2002/Q4 2002/Q1 QoQ YoY Increase(Decrease)% Net Sales Revenue 3,002 4,673 2,832 (36%) 6% Gross Profit (1,539) (304) (239) 406% 544% Gross Margin% (51%) (7%) (8%) Operating Expenses (1,098) (1,490) (1,278) (26%) (14%) Operating
Slide 5: Sales Breakdown by Product
Sales Breakdown by Product NT$M 5,000 4,500 4,000 Change Change 34% 3,500 QoQ YoY 3,000 Flash -34% 112% 2,500 17% MROM -38% -10% 35% 45% 2,000 EPROM -3% -31% 50% 1,500 43% M.M. -54% -8% 1,000 3% 6% SOC 15% -50% 500 13% 4% 15% 11% 12% 3% 6% 0 2002Q1 2002Q4 2003Q1 5 Integrated Solutions Provider
Slide 6: Sales Breakdown by Product
Sales Breakdown by Product NT$M 5,000 4,500 4,000 Change Change 34% QoQ YoY 3,500 3,000 Flash -34% 112% 2,500 17% 35% MROM -38% -10% 2,000 45% EPROM -3% -31% 1,500 50% 43% SL -50% -20% 1,000 3% 6% 4% SMS 225% -50% 500 17% 16% 13% 8% 1% 4% 0 2002Q1 2002Q4 2003Q1 6 Integrated Solutions Provider
Slide 7: Quantity Breakdown by Product
Quantity Breakdown by Product Unit : Million EA 100 90 80 Change Change 36% QoQ YoY 70 Flash -12% 117% 60 50 MROM -45% -19% 25% 48% 40 41% EPROM -5% -8% 30 M.M. -79% -43% 48% 20 35% SOC 1% -41% 7% 10 13% 15% 10% 10% 5% 0 4% 2% 3% 2002Q1 2002Q4 2003Q1 Excluding wafer-based QTY in SOC&M.M. 7 Integrate
Slide 8: Quantity Breakdown by Product
Quantity Breakdown by Product Unit : Million EA(Excluding SMS wafer-based QTY) 100 90 80 36% Change Change 70 QoQ YoY 60 Flash -12% 117% 50 25% MROM -45% -19% 48% 40 41% EPROM -5% -8% 30 48% SL -70% -38% 20 34% 7% SMS 94% -26% 10 13% 16% 10% 14% 8% Equivalent 8” WF base for SMS 0 2002Q1 2002Q4 2003Q
Slide 9: Sales Breakdown by Customers' Origin
Sales Breakdown by Customers’ Origin NT$M 5,000 4,500 4,000 26% 3,500 Change Change 3,000 QoQ YoY 2,500 28% ASIA 1% 53% 40% 2,000 63% JAPAN -58% -11% 1,500 EUROPE 12% -35% 49% 1,000 41% US -4% -0.4% 500 9% 3% 6% 14% 9% 13% 0 2002Q1 2002Q4 2003Q1 Note : This chart does not reflect the actual shipment
Slide 10: Sales Breakdown by Technology
Sales Breakdown by Technology NT$M 5,000 4,500 20% 4,000 3,500 29% 3,000 0.18μ m 1% 2,500 29% 0.25μ m 40% 2,000 0.32~0.4μ m 25% 1,500 37% >0.4μ m 42% 35% 1,000 500 14% 17% 11% 0 2002Q1 2002Q4 2003Q1 10 Integrated Solutions Provider
Slide 11: Quantity Breakdown by Technology
Quantity Breakdown by Technology Unit : Million EA(Excluding wafer-based QTY) 100 90 15% 80 70 24% 60 0.18μ m 0.4% 20% 50 0.25μ m 27% 40 17% 41% 0.32~0.4μ m 30 >0.4μ m 50% 20 48% 10 20% 22% 15% 0 2002Q1 2002Q4 2003Q1 11 Integrated Solutions Provider
Slide 12: Sales Breakdown by Application
Sales Breakdown by Application NT$M 5,000 4,500 4,000 3,500 3,000 77% Consumer 2,500 Computer 2,000 63% 66% Communication 1,500 1,000 14% 22% 21% 500 16% 9% 12% 0 2002Q1 2002Q4 2003Q1 12 Integrated Solutions Provider
Slide 13: 8" Equivalent Wafer Out & Utilization Rate
8” Equivalent Wafer Out & Utilization Rate WF OUTPUT_ PC 200,000 120% 105% 105% 180,000 101% 87% 88% 100% 160,000 76% 140,000 70% 80% 120,000 64% 65% 50% 57% 100,000 60% 49% 80,000 40% 60,000 40,000 20% 20,000 0 0% 2000Q2 2000Q3 2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 2002Q1 2002Q2 2002Q3 2002Q4 2003Q1 1
Slide 14: Balance Sheet & Cash Flow Highlight
Balance Sheet & Cash Flow Highlight NT$M 31/03/03 31/12/02 31/03/02 Cash 6,288 7,179 15,242 Inventory(Net) 4,705 5,090 6,897 Total Assets 60,916 64,953 73,388 Long Term Liability 23,174 19,339 24,710 Total Liabilities 33,848 34,738 33,091 Equity 27,068 30,214 40,297 Quarterly highlight 2003/Q1 2002/
Slide 15: For more information regarding MXIC
For more information regarding MXIC www.macronix.com For all inquiries, suggestions, and comments ir@mxic.com.tw Integrated Solutions Provider
Slide 16: Balance Sheets March 31, 2003 and 2002
MACRONIX INTERNATIONAL CO., LTD. BALANCE SHEETS March 31, 2003 and 2002 (Amounts in thousand New Taiwan Dollars) March 31,2003 March 31,2002 March 31,2003 March 31,2002 ASSETS NT$ NT$ LIABILITIES & SHAREHOLDERS' EQUITY NT$ NT$ Current assets Current liabilities Cash and cash equivalents $ 6,114,237
Slide 17: Statements of Operations, Three-Month Period Ended March 31, 2003
MACRONIX INTERNATIONAL CO., LTD. STATEMENTS OF OPERATIONS For the three-month period ended March 31, 2003 and 2002 (Amounts in millions New Taiwan Dollars except per share) Year Over Year Comparison Quarter Over Quarter Comparison Three-month Period Ended Three-month Period Ended 2003/Q1 2002/Q1 YoY
Slide 18: Statements of Cash Flows, Three-Month Period Ended March 31, 2003
MACRONIX INTERNATIONAL CO., LTD. STATEMENTS OF CASH FLOWS For the three-month period ended March 31, 2003 and 2002 (Amounts in thousand New Taiwan Dollars) For the three-month ended For the three-month ended 31-Mar-03 31-Mar-02 Cash flows from operating activities: Net income $ (3,210,626) $ (2,719,
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