Win Semiconductors Corp. · TPEX:3105
Win Semiconductors — Q1 2024 Earnings Presentation
12 slides from Win Semiconductors's earnings presentation, Apr 29, 2024
Slide 1: WIN Semiconductors 1Q2024 Investor Conference
WIN Semiconductors 1Q2024 Investor Conference April 2024 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 1Q24 revenue was NT$4.4b, down 8.7% QoQ and up 55% YoY. Due to a decline in capacity utilization and a less favorable product mix, coupled with the impacts from the stock price volatility of a listed Chinese customer held by our consolidated subsidiary, 1Q24 gross margin w
Slide 5: Earnings Trend
Earnings Trend In 1Q24, driven by the non-op profits recognized from the redemption of the remaining ECB, net profit attributable to the parent company was NT$407m, compared to NT$385m in 4Q23. EPS came in at NT$0.96 for 1Q24, compared to NT$0.91 in 4Q23. NT$M Earnings & growth trend NT$ EPS 1,000
Slide 6: Product Mix
Product Mix 1Q23 Cellular 1Q24 25-30% Others* 31% Others* 15% Wi-Fi 5-10% Wi-Fi Infra. 10-15% Cellular 30-35% 45-50% 4Q23 Others* 22% Infra. 20-25% Cellular Wi-Fi 45-50% 5-10% Infra. * Others: Revenue not attributable to main product segments and additional 20-25% revenue being consolidated in accor
Slide 7: Guidance
Guidance We expect 2Q24 revenue to increase low-teens QoQ. We expect 2Q24 gross margin to be around the level of mid-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 1Q'24 Unit: NTD Million 1Q'23 4Q'23 QoQ YoY (unaudited) Net revenue 2,860 4,868 4,442 -9% +55% Gross profit 326 1,433 995 -31% +205% Gross margin (%) 11.4% 29.4% 22.4% Operating expenses (921) (794) (811) +2% -12% Operating expenses rate (%
Slide 10: Non-operating Items
Non-operating Items 1Q'24 Unit: NTD Million 1Q'23 (unaudited) Foreign exchange gains (losses) (6) (21) Gains (losses) on disposals of property, plant and (23) - equipment Gains on repurchase of bonds payable 15 - Gains on financial liabilities at amortised cost - 254 Gain (losses) on financial asset
Slide 11: Consolidated Balance Sheets
Consolidated Balance Sheets 2024/03/31 2023/3/31 2023/12/31 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 10,406 15% 10,326 15% 5,592 9% Current financial assets at fair value through profit or loss 122 0.2% 143 0.2% 142 0.2% Notes and accounts receivable, net 778
Slide 12: Q & A
Q&A For more information regarding WIN www.winfoundry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Semiconductors Confidential 12