Wt Microelectronics Co., Ltd. · TWSE:3036
Wt Microelectronics — Q1 2025 Earnings Presentation
16 slides from Wt Microelectronics's earnings presentation, May 8, 2025
Slide 1: 2025 First Quarter Investor Conference
2025 First Quarter Investor Conference May 8, 2025
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
Slide 3: Agenda
Agenda 1. Overview 2. Financial Update 3. Market Outlook 4. Business Outlook 5. Q&A 3
Slide 4: 1. Overview
1. Overview 48 160+ 7,800+ Countries & Regions Locations Employees REACH Top 1 Globally Top 1 in APAC With 14.0% market share1 With 15.9% 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
Slide 5: 1Q25 Statement of Comprehensive Income
2. Financial Update 1Q25 Statement of Comprehensive Income Unit: NT$M 1Q25 4Q24 1Q24 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 247,424 261,878 -6% 192,651 28% Gross profit 11,321 10,784 5% 4,870 132% Gross margin 4.58% 4.12% 2.53% Operating expenses (6,751) (6,568) 3% (2,259)
Slide 6: Balance Sheet
2. Financial Update Balance Sheet Unit: NT$M 1Q25 4Q24 1Q24 Key accounts Amount % Amount % Amount % Cash and cash equivalents 43,518 10 39,728 10 55,010 19 Accounts receivable 148,306 34 142,094 34 108,529 37 Inventory 171,394 40 160,928 39 100,361 34 Other current assets 9,243 2 9,236 2 10,430 3 No
Slide 7: Revenue, Operating Profit, OPEX and EPS Trends
2. Financial Update Unit: NT$M Revenue vs GPM OP vs OPM Revenue GPM OP OPM 300,000 4.58% 5.0% 5,000 1.85% 2.0% 4.51% 1.74% 1.75% 4.19% 4.12% 4.5% 4,500 1.60% 1.61% 1.8% 250,000 4,000 1.6% 3.58% 4.0% 1.35% 1.36% 200,000 3.03% 3.5% 3,500 1.4% 2.63% 3,000 1.01% 1.2% 2.53% 3.0% 150,000 2,500 1.0% 261,25
Slide 8: Operating Cash Cycle
2. Financial Update Operating Cash Cycle 1 2 3 4 90 AR INV AP Operating cash cycle 80 70 67 60 49 50 43 42 40 41 40 77 74 72 30 68 66 28 64 62 64 30 60 59 59 53 53 54 54 53 55 54 51 52 51 46 47 48 20 10 0 5 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Note: 1. AR days = quarterly average account receivab
Slide 9: ROWC vs. NWC/Sales
2. Financial Update ROWC vs. NWC/Sales 1 2 NWC/Sales ROWC 0.20 0.18 17.3% 16.6% 0.16 14.3% 14.5% 0.14 13.1% 12.9% 13.2% 0.12 10.4% 0.10 0.08 0.06 0.04 0.02 0.00 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 Note: 1. NWC/Sales ratio is calculated by quarter-end net working capital divided by annualized qua
Slide 10: ROE vs. Equity
2. Financial Update ROE vs. Equity Unit: NT$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% 10.3% 60,000 9.4% 10% 8.7% 8.1% 102,875 107,714 97,041 8% 71,109 92,407 40,000 85,561 6.7% 6% 6.3% 61,168 4% 20,000 56,508 2% - 0% 2Q23 3Q23 4Q23 1Q2
Slide 11: 2Q25 Guidance
2. Financial Update We currently expect 2Q25 : At a forecast exchange rate of 31.2 NT Dollars to 1 US Dollar Unit: NT$M 2Q25 1Q25 Item Forecast Amount Revenue 240,000 ~ 255,000 247,424 Gross Profit 10,800 ~ 11,985 11,321 Gross Margin 4.50% ~ 4.70% 4.58% Operating Expenses 6,360 ~ 6,757 6,751 Opera
Slide 12: Well-positioned to Address a Massive US$1 Trillion Market Opportunity
3. Market Outlook Well-positioned to Address a Massive US$1 Trillion Market Opportunity Semiconductor market World Semiconductor Revenue Forecast forecast revision: US$ Billion Semiconductor Market 2024-28F CAGR 750 (vs. previous forecast) 650 550 $815 $852 $862 +7.1% (vs. +7.3%) $733 450 $598 $60
Slide 13: Global Semiconductor Market Forecast by Application
3. Market Outlook Global Semiconductor Market Forecast by Application (US$ Billion) 2024-28F semiconductor revenue CAGR by 862 application (vs. previous forecast): 109 Automotive: +7.7% (vs. +9.6%) 656 90 81 48 Industrial: +10.9% (vs. +12.3%) 59 41 254 153 Communication: +4.0% (vs. +7.2%) 69 55 1
Slide 14: 1Q25 Revenue Breakdown by Application
4. Business Outlook 1Q25 Revenue Breakdown by Application QoQ – 1Q25 (Right) vs. 4Q24 (Left) 100% 7.4% 6.9% 9.0% 8.2% 100 -9% 6.4% 5.4% 90 Revenue (NT$B) 80 11.9% 13.3% 70 -27% 80% 12.7% 60 16.5% 50 +36% 40 +5% 10.5% -14% 15.0% 30 +1% +4% 69% Star 20 10 Application 0 60% 40.8% 37.3% 33.4% 32.3% 40%
Slide 15: Q&A
Q&A WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner
Slide 16: Thank You!
Thank You! WT Microelectronics Website : www.wtmec.com The BEST Distribution Partner