Macronix International Co., Ltd. · TWSE:2337
Macronix International — Q3 2003 Earnings Presentation
19 slides from Macronix International's earnings presentation, Oct 27, 2003
Slide 1: 2003 Q3 Investor Conference
Macronix International Co., Ltd. 2003 Q3 Investor Conference October 27, 2003 Integrated Solutions Provider
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
Slide 3: Quiet Period Statement
Quiet Period Statement Macronix International Co., Ltd. intends to held a fund raising activity for further business purpose. From the filing date to Taiwan SFC for such activity on August 20, 2003 until the end of the fund raising activity which expected to be on November 14, 2003, the Company will
Slide 4: Agenda
Agenda n Welcome n Miin Wu n 3Q’03 Financial Results n Paul Yeh n Business Updates n Miin Wu n Remarks and Q&A n Miin Wu Integrated Solutions Provider
Slide 5: Agenda
Agenda n Welcome n Miin Wu n 3Q’03 Financial Results n Paul Yeh n Business Updates n Miin Wu n Remarks and Q&A n Miin Wu Integrated Solutions Provider
Slide 6: Income Statement
Income Statement NT$M : except EPS QoQ YoY 2003/Q3 2003/Q2 2002/Q3 Change Change Increase (Decrease) Net Sales Revenue 4,904 4,018 4,664 22% 5% Gross Profit(Loss) (788) (1,223) (37) (36%) 2,023% Gross Margin% (16%) (30%) (1%) Operating Expenses (1,114) (1,191) (1,488) (6%) (25%) Operating Income(Los
Slide 7: Variance Analysis of Gross Profit
Variance Analysis of Gross Profit NT$M QoQ YoY Change Change Deviation of Gross Profit 436 (751) Capacity loss variance 414 189 Price variance (485) (417) Product Mix variance 507 (522) Integrated Solutions Provider
Slide 8: Highlight -- Net Non-Operating Income
Highlight -- Net Non-Operating Income NT$M 2003/Q3 Net Non-Operating Income (Loss) Net Interest Income (Expense) (194) Net Reversal of Inventory Loss Provision 579 Net Investment Gain (Loss) 36 Net Foreign Exchange Gain (Loss) 242 Net Other Income (Loss) 46 Net Non-Operating Income (Loss) 708 Integr
Slide 9: Sales Breakdown by Segment
Sales Breakdown by Segment NT$M 6,000 5,000 Change Change 4,000 26% 31% QoQ YoY Flash 3% 28% 37% 3,000 MROM 85% 7% 51% 2,000 51% EPROM -56% -74% 34% SLC -50% -76% 2% 1,000 4% 9% 4% SMS -13% 461% 17% 17% 12% 2% 0 Source: MXIC financial data 2003 2002Q3 2003Q2 2003Q3 Integrated Solutions Provider
Slide 10: Quantity Breakdown by Product
Quantity Breakdown by Product Unit : Million (Excluding SMS wafer-based QTY) 100 80 26% Change Change 44% QoQ YoY 60 Flash 16% 76% 52% 50% MROM 104% 3% 40 EPROM -55% -71% 51% 20 9% 34% SLC -45% -83% 15% 8% SMS 12% 544% 3% 6% 3% 0 2002 Q3 2003 Q2 2003 Q3 Equivalent 8” WF base for SMS Integrated Solut
Slide 11: Sales Breakdown by Technology
Sales Breakdown by Technology NT$M 6,000 5,000 8% 10% 4,000 14% 29% 0.15 m 39% 0.18 m 3,000 21% 0.25 m 0.32~0.4 m 2,000 27% 38% >0.4 m 36% 1,000 33% 22% 15% 0 6% 2% 2002Q3 2003Q2 2003Q3 Source: MXIC financial data 2003 Integrated Solutions Provider
Slide 12: Sales Breakdown by Customers' Origins
Sales Breakdown by Customers’Origins NT$M 5,500 5,000 4,500 22% 28% 4,000 QoQ YoY 3,500 28% Change Change 3,000 ASIA 26% 34% 2,500 55% 2,000 53% JAPAN 23% 2% 53% 1,500 EUROPE 56% -6% 1,000 5% US 5% -18% 4% 5% 500 17% 16% 14% 0 2002Q3 2003Q2 2003Q3 Note : This chart does not reflect the actual shipme
Slide 13: Sales Breakdown by Application
Sales Breakdown by Application NT$M 6,000 5,000 4,000 Consumer 64% 3,000 73% 53% Computer Communication 2,000 23% 19% 1,000 19% 24% 17% 8% 0 2002Q3 2003Q2 2003Q3 Integrated Solutions Provider
Slide 14: 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% 89% 140,000 70% 80% 120,000 64% 65% 50% 57% 64% 100,000 60% 49% 80,000 40% 60,000 40,000 20% 20,000 0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 00 00 00 01 01 01 01 02 02 02 02 03
Slide 15: Balance Sheet & Cash Flow Highlight
Balance Sheet & Cash Flow Highlight 2003/9/30 2003/6/30 Cash 5,791 5,947 Inventory(Net) 4,189 4,346 Total Assets 54,707 56,571 Long Term Liability 14,957 23,326 Total Liabilities 29,557 31,406 Equity 25,150 25,165 Quarterly highlight 2003/Q3 2003/Q2 Depreciation & Amortization 2,379 2,399 Capital Ex
Slide 16: Agenda
Agenda n Welcome n Miin Wu n 3Q’03 Financial Results n Paul Yeh n Business Updates n Miin Wu n Remarks and Q&A n Miin Wu Integrated Solutions Provider
Slide 17: Business Update
Business Update n Enhancing the business cooperation of 0.13um DINOR Flash wafer manufacturing for Renesas and sales by Macronix for next generation mobile phone application n Starting the Flash capacity allocation in Q3’03, due to the strong seasonal demands n Launching the delivery of MMC Memory C
Slide 18: Agenda
Agenda n Welcome n Miin Wu n 3Q’03 Financial Results n Paul Yeh n Business Updates n Miin Wu n Remarks and Q&A n Miin Wu Integrated Solutions Provider
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
Macronix International — Q3 2003 Earnings Presentation on 6ix