Macronix International Co., Ltd. · TWSE:2337

Macronix International — Q2 2003 Earnings Presentation

22 slides from Macronix International's earnings presentation, Jul 28, 2003

  1. Slide 1: Macronix International Co., Ltd. 2003 Q2 Investor Conference

    Macronix International Co., Ltd. 2003 Q2 Investor Conference July 28, 2003 Integrated Solutions Provider

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement The presentation and discussion contain certain forward-looking statements with respect to the results of operation, financial condition and current expectation. The forward-looking statements are subject to known and unknown uncertainties and risks that could cause actual resu

  3. Slide 3: Agenda

    Agenda n Welcome n Miin Wu n 2Q’03 Financial Results n Paul Yeh n Business Updates n C.Y. Lu n Remarks and Q&A n Miin Wu Integrated Solutions Provider 3

  4. Slide 4: Agenda

    Agenda n Welcome n Miin Wu n 2Q’03 Financial Results n Paul Yeh n Business Updates n C.Y. Lu n Remarks and Q&A n Miin Wu Integrated Solutions Provider 4

  5. Slide 5: Income Statement

    Income Statement NT$M : except EPS QoQ YoY 2003/Q2 2003/Q1 2002/Q2 Change Change Increase (Decrease) Net Sales Revenue 4,018 3,002 3,906 34% 3% Gross Profit(Loss) (1,223) (1,539) (187) (21%) 553% Gross Margin% (30%) (51%) (5%) Operating Expenses (1,191) (1,098) (1,438) 8% (17%) Operating Income(Loss

  6. Slide 6: Variance Analysis of Gross Profit

    Variance Analysis of Gross Profit NT$M QoQ YoY Change Change Deviation of Gross Profit 316 (1,036) Capacity loss 246 (368) Price variance (101) (795) Product Mix variance 170 127 Integrated Solutions Provider 6

  7. Slide 7: Sales Breakdown by Product

    Sales Breakdown by Product NT$M 5,000 4,500 4,000 Change Change QoQ YoY 3,500 28% 37% 3,000 Flash 42% 38% 2,500 35% MROM 4% -20% 2,000 44% EPROM -14% -31% 34% 1,500 SLC -4% -57% 44% 1,000 4% 2% 9% SMS 527% 973% 500 4% 22% 13% 17% 0 2% 4% 2002Q2 2003Q1 2003Q2 Integrated Solutions Provider 7

  8. Slide 8: Quantity Breakdown by Product

    Quantity Breakdown by Product Unit : Million (Excluding SMS wafer-based QTY) 100 90 80 Change Change QoQ YoY 70 31% Flash 27% 47% 60 50 MROM 14% -27% 52% 48% 40 40% EPROM -10% -27% 30 SLC -3% -71% 20 34% 34% 9% SMS 176% 248% 10 10% 19% 8% 8% 6% Equivalent 8” WF base for SMS 0 2002 Q2 2003 Q1 2003 Q2

  9. Slide 9: Sales Breakdown by Customers' Origins

    Sales Breakdown by Customers’ Origins NT$M 5,000 4,500 4,000 3,500 28% 28% QoQ YoY 3,000 Change Change 2,500 ASIA -8% 1% 40% 2,000 40% 53% JAPAN 72% 36% 1,500 41% EUROPE -11% -57% 1,000 9% 4% US 64% -29% 500 23% 6% 16% 13% 0 2002Q2 2003Q1 2003Q2 Note : This chart does not reflect the actual shipment

  10. Slide 10: Sales Breakdown by Technology

    Sales Breakdown by Technology NT$M 5,000 4,500 4,000 3% 14% 3,500 0.15 m 3,000 33% 1% 21% 0.18 m 2,500 28% 0.25 m 2,000 27% 0.32~0.4 m 27% 1,500 49% >0.4 m 1,000 32% 500 36% 15% 8% 6% 0 2002Q2 2003Q1 2003Q2 Integrated Solutions Provider 10

  11. Slide 11: Sales Breakdown by Application

    Sales Breakdown by Application NT$M 5,000 4,500 4,000 3,500 3,000 Consumer 65% 53% 2,500 Computer 66% 2,000 Communication 1,500 23% 1,000 23% 22% 500 24% 12% 12% 0 2002Q2 2003Q1 2003Q2 Integrated Solutions Provider 11

  12. Slide 12: 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% 64% 57% 100,000 60% 49% 80,000 40% 60,000 40,000 20% 20,000 0 0% Q4 Q1 Q1 Q2 Q2 Q3 Q2 Q3 Q2 Q3 Q4 Q4 Q1 00 01 02 02 03 00 01 02 00 01 01 02 03 20

  13. Slide 13: Balance Sheet & Cash Flow Highlight

    Balance Sheet & Cash Flow Highlight NT$M 2003/6/30 2003/3/31 Cash 5,947 6,288 Inventory(Net) 4,346 4,705 Total Assets 56,631 60,916 Long Term Liability 23,326 23,174 Total Liabilities 31,466 33,848 Equity 25,165 27,068 Quarterly highlight 2003/Q2 2003/Q1 Depreciation & Amortization 2,399 2,390 Capit

  14. Slide 14: Agenda

    Agenda n Welcome n Miin Wu n 2Q’03 Financial Results n Paul Yeh n Business Updates n C.Y. Lu n Remarks and Q&A n Miin Wu Integrated Solutions Provider 14

  15. Slide 15: Business Update - I

    Business Update - I n Flash Memory Business Update l 32 Mb & 64Mb accounted for 35% of Flash revenue. l 64Mb shipment +60% QoQ; Entertainment & Printer were the driving platforms. l 128Mb ramp up continue into 2nd half of this year. Integrated Solutions Provider 15

  16. Slide 16: Business Update - II

    Business Update - II n Mask ROM Memory Business Update l Efforts to further shorten TAT, maintain the leadership & expect to broaden the market share. l Mask ROM continue to be a cost-effective non- volatile memory solution, especially in Entertainment & Printer platforms. l Development of 0.15 m mu

  17. Slide 17: Business Update - III

    Business Update - III n Fab II Capacity Status Update l Efforts to adjust capacity of Fab II production mix toward Flash-oriented with backward flexibility of Mask ROM . l Optimizing capacity utilization rate with approximately capital expenditures of NT$200 million to catch up end market demands. I

  18. Slide 18: Agenda

    Agenda n Welcome n Miin Wu n 2Q’03 Financial Results n Paul Yeh n Business Updates n C.Y. Lu n Remarks and Q&A n Miin Wu Integrated Solutions Provider 18

  19. Slide 19: 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

  20. Slide 20: Statements of Income, Six-month period ended June 30, 2003

    MACRONIX INTERNATIONAL CO., LTD. STATEMENTS OF INCOME For the Six-month period ended June 30, 2003 and 2002 (Amounts in thousand New Taiwan Dollars except per share) Six-Month Period Ended Six-Month Period Ended June 30,2003 June 30,2002 Description NT$ % NT$ % Net sales 7,020,644 100.00 6,738,011 1

  21. Slide 21: Balance Sheets, Jun 30, 2003 and 2002

    MACRONIX INTERNATIONAL CO., LTD. BALANCE SHEETS Jun 30, 2003 and 2002 (Amounts in thousand New Taiwan Dollars) Jun 30,2003 Jun 30,2002 Jun 30,2003 Jun 30,2002 ASSETS NT$ NT$ LIABILITIES & SHAREHOLDERS' EQUITY NT$ NT$ Current assets Current liabilities Cash and cash equivalents $ 5,773,850 10.19 $ 11

  22. Slide 22: Statements of Operations, three-month period ended Jun 30, 2003

    MACRONIX INTERNATIONAL CO., LTD. STATEMENTS OF OPERATIONS For the three-month period ended Jun 30, 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/Q2 2002/Q2 YoY 2

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