Slide 1: 1H21 Investor Conference
1H21 Investor Conference Aug. 5th, 2021
Slide 2: Safe Harbor Notice
Safe Harbor Notice • We have made forward-looking statements in this presentation. Our forward-looking statements contain information regarding, among other things, our financial condition, future expansion plans and business strategies. We have based these forward-looking statements on our current
Slide 3: Agenda
Agenda 01 Financial Results Jessica Huang - CFO 02 Business Recap & Outlook James Chen - President 03 Q&A James Chen & Jessica Huang 3
Slide 4: Financial Results
* fag Financial Results
Slide 5: Statement of Comprehensive Income - Consolidated
Statement of Comprehensive Income - Consolidated Unit: NT$ M 2Q21 1Q21 QoQ 1H21 1H20 YoY Net Sales 25,235 21,325 3,910 46,560 24,302 22,258 Gross Profit 10,653 8,011 2,642 18,664 6,525 12,139 Gross Margin 42% 38% +4 ppts 40% 27% +13 ppts Operating Income 4,622 2,296 2,326 6,918 908 6,010 Net Non-Ope
Slide 6: Revenue and GM Trend - Consolidated
Revenue and GM Trend - Consolidated (NT$ B) 25.2 21.3 42% 20.3 38% 16.0 13.4 30% 12.0 12.8 29% 26% 27% 12.5 11.5 27% 24% 22% 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Gross Profit Revenue 6
Slide 7: Balance Sheet - Consolidated
Balance Sheet - Consolidated Unit: NT$ M Jun. 30, '21 % Dec. 31, '20 % Jun. 30, '20 % Cash 17,751 13% 11,744 9% 12,559 12% Inventory(Net) 14,454 10% 14,141 11% 10,583 10% Property, Plant and Equipment 60,417 43% 61,453 49% 55,340 54% Total Assets 139,208 100% 126,043 100% 103,541 100% L/T Liability
Slide 8: Statement of Cash Flow - Consolidated
Statement of Cash Flow - Consolidated Unit: NT$ M 2Q21 1Q21 QoQ 1H21 1H20 YoY Operating Cash Flow 6,425 3,318 3,107 9,743 4,313 5,430 Depreciation & Amortization 2,901 2,568 333 5,469 4,576 893 Investing Cash Flow (1,563) (1,254) (309) (2,817) (3,528) 711 CAPEX (2,818) (1,636) (1,182) (4,454) (3,108
Slide 9: Statement of Comprehensive Income - Memory
Statement of Comprehensive Income - Memory Unit: NT$ M 2Q21 1Q21 QoQ 1H21 1H20 YoY Net Sales 14,486 11,215 3,271 25,701 18,888 6,813 Gross Profit 6,141 3,954 2,187 10,095 4,152 5,943 Gross Margin 42% 35% +7 ppts 39% 22% +17 ppts Operating Income 3,606 1,829 1,777 5,435 383 5,052 Net Non-Operating In
Slide 10: Revenue and GM Trend - Memory
Revenue and GM Trend - Memory (NT$ B) 14.5 11.2 10.3 10.4 10.4 9.3 9.6 42% 9.5 9.3 35% 24% 24% 21% 22% 19% 21% 16% 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Gross Profit Revenue 10
Slide 11: Balance Sheet - Memory
Balance Sheet - Memory Unit: NT$ M Jun. 30, '21 % Dec. 31, '20 % Jun. 30, '20 % Cash 10,527 9% 4,818 5% 4,824 5% Inventory(Net) 8,230 7% 7,920 8% 8,705 9% Property, Plant and Equipment 54,303 47% 54,399 54% 54,083 57% Total Assets 115,229 100% 100,053 100% 94,564 100% L/T Liability 19,506 17% 17,826
Slide 12: Statement of Cash Flow - Memory
Statement of Cash Flow - Memory Unit: NT$ M 2Q21 1Q21 QoQ 1H21 1H20 YoY Operating Cash Flow 5,390 3,093 2,297 8,483 4,139 4,344 Depreciation & Amortization 2,570 2,209 361 4,779 4,324 455 Investing Cash Flow (2,701) (1,180) (1,521) (3,881) (3,132) (749) CAPEX (2,757) (1,454) (1,303) (4,211) (2,992)
Slide 13: Memory CAPEX
Memory CAPEX (NT$ B) 16.7 15.2 13.2 11.8 7.9 2017 2018 2019 2020 2021(E) Paid Estimated Cash Basis, as of Aug. 5th , 2021 13
Slide 14: Business Recap & Outlook
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Slide 15: Revenue Breakdown by Product
Revenue Breakdown by Product (NT$ B) 16 14 12 46% 10 44% 47% 43% 43% 8 45% 45% 44% 50% 6 54% 4 57% 57% 56% 50% 53% 55% 55% 56% 2 0 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 Flash DRAM 15
Slide 16: Revenue Breakdown by Application
Revenue Breakdown by Application 1Q21 2Q21 Car & Industrial Car & IndustrialCommunication Communication 19% 20% 35% 34% Consumer Consumer 26% Computer 26% Computer 20% 20% Note: Rev excluded foundry and others Car & Industrial Consumer Computer Communication QoQ +33% QoQ +28% QoQ +27% QoQ +27% NT$M
Slide 17: Revenue Breakdown by Application
Revenue Breakdown by Application 1H20 1H21 Car & Industrial Communication Car & Industrial Communication 20% 34% 19% 35% Consumer Consumer 24% Computer 26% Computer 22% 20% Note: Rev excluded foundry and others Car & Industrial Consumer Computer Communication YoY +26% YoY +42% YoY +25% YoY +37% NT$M
Slide 18: DRAM Business
DRAM Business 1H21 revenue was up by nearly 40% YoY 1H21 bit shipment increased by mid teens YoY 25nm revenue contributed 45% of total DRAM revenue in 2Q21 45% 8% 11% 17% 20% 31% 27% 28% 23% 22% 14% 19% 58% 55% 54% 51% 42% 33% 7% 6% 6% 7% 8% 8% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 65nm 46nm 38nm 25nm
Slide 19: Flash Business
Flash Business 1H21 revenue was up by over 30% YoY 1H21 bit shipment increased by low-to-mid teens YoY Global market share leader in NOR Flash 18% 15% 18% 16% 17% 16% 63% 64% 61% 65% 63% 64% 20% 20% 22% 20% 19% 19% 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 90nm 58nm 46nm 19
Slide 20: Market and Business Outlook (1)
Market and Business Outlook (1) Specialty DRAM Tight Supply: No significant capacity increase from DRAM suppliers before Y2022 Strong Demand: Wi-Fi 5/6, Surveillance, IoT, and Industrial Code Storage Flash Tight Supply: Supply shortage may continue to Y2022 for both NOR and SLC NAND Stro
Slide 21: Market and Business Outlook (2)
Market and Business Outlook (2) Overall Market Strong demand from 5G, Edge AI, IoT, Electric Vehicle, Gaming and Data Center Memory up-cycle is continuing Covid-19, inflation, and climate change may cause more business uncertainties Winbond Business Taking advantage as an IDM company wit
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Slide 23: Thank you
Thank you 23