Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q4 2024 Earnings Presentation

18 slides from Wt Microelectronics's earnings presentation, Feb 25, 2025

  1. Slide 1: 2024 Fourth Quarter Investor Conference

    2024 Fourth Quarter Investor Conference February 25, 2025

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement  WT’s forward-looking statements, which may include statements regarding its results of operations, financial condition or business prospects, are subject to significant risks and uncertainties and are based on WT’s current expectations.  Actual results may differ materially

  3. Slide 3: Agenda

    Agenda 1. Overview 2. Financial Update 3. Market Outlook 4. Business Outlook 5. Q&A 3

  4. Slide 4: Overview

    1. Overview 48 160+ ~8,000 Countries & Regions Locations Employees REACH Top 1 Globally Top 1 in APAC With 12.2% market share1 With 14.5% market share2 RANKING Access to Comprehensive portfolio of 400+ Suppliers semiconductor and IP&E3 products PRODUCT 25,000+ End-to-end global coverage CUSTOMER Cus

  5. Slide 5: 4Q24 Statement of Comprehensive Income

    2. Financial Update 4Q24 Statement of Comprehensive Income Unit: NT$M 4Q24 3Q24 4Q23 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 261,878 261,256 0% 189,696 38% Gross profit 10,784 10,955 -2% 4,996 116% Gross margin 4.12% 4.19% 2.63% Operating expenses (6,568) (6,782) -3% (3,079)

  6. Slide 6: FY 2024 Statement of Comprehensive Income

    2. Financial Update FY 2024 Statement of Comprehensive Income Unit: NT$M Y2024 Y2023 Key accounts YoY Amount Amount Net Operating revenues 959,432 594,519 61% Gross profit 37,602 18,406 104% Gross margin 3.92% 3.10% Operating expenses (22,338) (10,206) 119% Operating profit 15,264 8,200 86% Operatin

  7. Slide 7: Balance Sheet

    2. Financial Update Balance Sheet Unit: NT$M 4Q24 3Q24 4Q23 Key accounts Amount % Amount % Amount % Cash and cash equivalents 39,728 10 37,758 9 22,748 9 Accounts receivable 142,094 34 160,629 39 111,637 42 Inventory 160,928 39 142,777 35 95,715 36 Other current assets 9,236 2 10,881 3 8,647 3 Non-c

  8. Slide 8: Revenue, margins, OPEX and EPS trends

    2. Financial Update Unit: NT$M Revenue vs GPM OP vs OPM Revenue GPM OP OPM 300,000 4.51% 5.0% 4,500 1.74% 1.75% 2.0% 4.19% 4.12% 4.5% 4,000 1.65% 1.60% 1.61% 1.8% 250,000 1.6% 3.45% 3.58% 4.0% 3,500 1.35% 1.36% 200,000 3.03% 3.5% 3,000 1.4% 2.63% 1.01% 1.2% 2.53% 3.0% 2,500 150,000 4,264 4,216 1.0%

  9. Slide 9: Operating Cash Cycle

    2. Financial Update Operating Cash Cycle 1 2 3 4 AR INV AP Operating cash cycle 80 72 70 67 60 49 50 43 42 40 40 71 74 72 30 68 66 28 64 62 30 58 57 60 59 59 53 53 52 54 54 53 55 51 48 51 46 47 20 10 0 5 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Note: 1. AR days = quarterly average account receivable

  10. Slide 10: ROWC vs. NWC/Sales

    2. Financial Update ROWC vs. NWC/Sales 1 2 NWC/Sales ROWC 0.25 0.20 17.3% 14.3% 14.5% 0.15 13.1% 12.9% 13.2% 10.4% 0.10 8.6% 0.05 0.00 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 Note： 1. NWC/Sales ratio is calculated by quarter-end net working capital divided by annualized quarterly sales. 2. ROWC is c

  11. Slide 11: ROE vs. Equity

    2. Financial Update ROE vs. Equity Unit: NT$M 1 Equity attributable to owners of the parent ROE 120,000 20% 18% 100,000 16% 14% 80,000 12.0% 12% 10.4% 60,000 9.4% 10% 102,875 6.7% 97,041 92,407 8% 8.7% 6.3% 8.1% 40,000 61,168 71,109 85,561 6% 5.1% 4% 20,000 59,108 56,508 2% - 0% 1Q23 2Q23 3Q23 4Q23

  12. Slide 12: 1Q25 Outlook

    2. Financial Update We currently expect 1Q25 :  At a forecast exchange rate of 32.6 NT Dollars to 1 US Dollar Unit: NT$M 1Q25 4Q24 Item Forecast Amount Revenue 220,000 ~ 236,000 261,878 Gross Profit 10,340 ~ 11,564 10,784 Gross Margin 4.70% ~ 4.90% 4.12% Operating Expenses 6,380 ~ 6,844 6,568 Opera

  13. Slide 13: Well-positioned to Address a Massive US$1 Trillion Market Opportunity

    3. Market Outlook Well-positioned to Address a Massive US$1 Trillion Market Opportunity Semiconductor market World Semiconductor Revenue Forecast forecast upward revision: US$ Billion Semiconductor Market 2024-28F CAGR 750 (vs. previous forecast) 650 550 $800 $829  +7.3% (vs. +6.1%) $705 $768 450 $

  14. Slide 14: Global Semiconductor Market Forecast by Application

    3. Market Outlook Global Semiconductor Market Forecast by Application (US$ Billion) 2024-28F semiconductor revenue CAGR by 829 application (vs. previous forecast): 117 Automotive: +9.6% (vs. +8.5%) 626 101 81 57 63 Industrial: +12.3% (vs. +11.3%) 44 179 112 Communication: +7.2% (vs. +6.0%) 72 59

  15. Slide 15: 4Q24 Revenue Breakdown by Application

    4. Business Outlook 4Q24 Revenue Breakdown by Application QoQ – 4Q24 (Right) vs. 3Q24 (Left) 100% 7.4% 8.1% 8.1% 9.0% -3% 100 6.9% 5.2% 90 Revenue (NT$B) 80 12.5% 12.1% 70 +15% 80% 11.0% 60 13.3% 50 40 -3% -12% 11.7% 10.3% 30 +12% -6% 65% Star -7% 20 Application 10 0 60% 28.8% 38.1% 34.6% 33.5% 40%

  16. Slide 16: 2024 Revenue Breakdown by Application

    4. Business Outlook 2024 Revenue Breakdown by Application 100% 7.9% 7.3% 8.3% 2024 (Right) vs. 2023 (Left) 10.0% 5.8% WT excluding Future 11.6% 80% 12.7% 400 13.5% 12.0% YoY +167% 68% Star 350 Application Revenue (NT$B) 60% 300 21.8% 40.1% 36.1% 250 8.6% 200 YoY +5% 40% 9.9% 150 5.9% 14% YoY +36% 6.

  17. Slide 17: Q&A

    Q&A WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

  18. Slide 18: Thank You!

    Thank You! WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner

WT Microelectronics — Q4 2024 Earnings Presentation on 6ix