Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q3 2024 Earnings Presentation

17 slides from Wt Microelectronics's earnings presentation, Nov 5, 2024

  1. Slide 1: 2024 Third Quarter Investor Conference

    2024 Third Quarter Investor Conference November 5, 2024

  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. Business Outlook 4. Questions and Answers 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: 3Q24 Statement of Comprehensive Income

    2. Financial Update 3Q24 Statement of Comprehensive Income Unit: NT$M 3Q24 2Q24 3Q23 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 261,256 243,647 7% 167,260 56% Gross profit 10,955 10,993 0% 5,061 116% Gross margin 4.19% 4.51% 3.03% Operating expenses (6,782) (6,729) 1% (2,802) 1

  6. Slide 6: 1Q-3Q24 Statement of Comprehensive Income

    2. Financial Update 1Q-3Q24 Statement of Comprehensive Income Unit: NT$M YTD24 YTD23 Key accounts YoY Amount Amount Net Operating revenues 697,554 404,823 72% Gross profit 26,818 13,410 100% Gross margin 3.84% 3.31% Operating expenses (15,770) (7,127) 121% Operating profit 11,048 6,283 76% Operating

  7. Slide 7: Balance Sheet

    2. Financial Update Balance Sheet Unit: NT$M 3Q24 2Q24 3Q23 Key accounts Amount % Amount % Amount % Cash and cash equivalents 37,758 9 45,886 11 6,719 3 Accounts receivable 160,629 39 149,790 37 102,016 45 Inventory 142,777 35 135,675 34 93,599 41 Other current assets 10,881 3 10,067 3 5,161 2 Non-c

  8. Slide 8: 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 4.51% 5.0% 4,500 1.74% 1.75% 2.0% 4.19% 1.67% 1.65% 1.60% 1.8% 4.5% 4,000 250,000 1.6% 3.45% 3.58% 4.0% 3,500 1.35% 1.36% 200,000 3.17% 3.03% 3.5% 3,000 1.4% 2.63% 1.01% 1.2% 2.53% 3.0% 2,500 150,000 4,264 4,173 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 60 49 50 43 40 40 71 74 72 30 68 30 28 64 62 58 58 57 60 59 59 53 51 53 53 51 52 54 54 51 46 47 48 20 10 0 5 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 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% 0.15 14.3% 13.1% 12.9% 13.2% 10.8% 10.4% 0.10 8.6% 0.05 0.00 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 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% 60,000 9.4% 10% 8.4% 6.7% 97,041 92,407 8% 8.7% 6.3% 8.1% 40,000 61,168 71,109 85,561 6% 54,105 5.1% 4% 20,000 59,108 56,508 2% - 0% 4Q22 1Q23 2Q23 3Q23 4Q

  12. Slide 12: 4Q24 Forecast

    2. Financial Update We currently expect 4Q24 :  At a forecast exchange rate of 32 NT Dollars to 1 US Dollar Unit: NT$M 4Q24 3Q24 Item Forecast Amount Revenue 236,500 ~ 252,500 261,256 Gross Profit 10,044 ~ 11,229 10,955 Gross Margin 4.25% ~ 4.45% 4.19% Operating Expenses 6,504 ~ 6,944 6,782 Operati

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

    3. Business Outlook Well-positioned to Address a Massive US$1 Trillion Market Opportunity World Semiconductor Revenue Forecast Semiconductor Market 2023-27F CAGR vs. forecast 3 months ago US$ Billion 750  +10.1% vs. +10.9% 650 550 Non-Memory $717 $771 $779 450 $630 Semiconductor Market $598 $600 $5

  14. Slide 14: Global Semiconductor Market Forecast by Application

    3. Business Outlook Global Semiconductor Market Forecast by Application (US$ Billion) Semiconductor Market 779 2023-27F semiconductor revenue CAGR by application 111 530 95 Automotive: +9.1% 54 78 70 151 Industrial: +7.9% 42 70 64 Communication: +6.4% 56 149 111 149 Datacenter and Server: +23.9%

  15. Slide 15: 3Q24 Revenue Breakdown by Application

    3. Business Outlook 3Q24 Revenue Breakdown by Application QoQ – 2Q24 (Left) vs. 3Q24 (Right) 100% 7.2% 6.8% 8.3% 8.0% 100 +1% 5.3% 90 Revenue (NT$B) 8.7% 80 14.2% 12.5% 70 80% 12.5% 60 +47% 12.9% 50 -6% -6% 11.7% 40 13.3% 30 +3% +13% +11% 67% Star 20 Application 10 0 60% 23.4% 39.4% 34.5% 36.6% 9.3%

  16. Slide 16: Q&A

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

  17. Slide 17: Thank You!

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

WT Microelectronics — Q3 2024 Earnings Presentation on 6ix