Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q1 2022 Earnings Presentation

17 slides from Wt Microelectronics's earnings presentation, May 9, 2022

  1. Slide 1: 2022 First Quarter Investor Conference

    2022 First Quarter Investor Conference May 9, 2022

  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 A leading Asian semiconductor distributor (74% of global market) US$16B #8000 #80 • Founded in 1993 NR 34% YoY Customers Product Lines • Headquartered in TWN • Listed in 2000 (ticker: 3036 TT) #2500 #45 / #5 #29B • Top 500 Asia High Growth (FT) • Top 5% Governance (TWSE) Employees Office

  5. Slide 5: Statement of Comprehensive Income

    2. Financial Update Statement of Comprehensive Income Unit: NT$M 1Q22 4Q21 1Q21 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 127,943 129,049 -1% 97,646 31% Gross profit 4,867 4,706 3% 3,465 40% Gross margin 3.80% 3.65% 3.55% Operating expenses (1,852) (1,766) 5% (1,450) 28% Opera

  6. Slide 6: Balance Sheet

    2. Financial Update Balance Sheet Unit: NT$M 1Q22 4Q21 1Q21 Key accounts Amount % Amount % Amount % Cash and cash equivalents 5,165 3 4,680 3 5,297 4 Accounts receivable 77,042 42 75,462 44 58,936 44 Inventory 71,837 39 66,524 38 49,477 37 Other current assets 2,980 2 2,470 1 1,960 - Non-current ass

  7. 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 140,000 4.12% 4.5% 3,500 2.63% 3.0% 3.87% 3.80% 3.55% 3.65% 4.0% 2.45% 2.36% 120,000 3.35% 3,000 2.28% 2.5% 3.20% 3.5% 2.06% 3.01% 100,000 2.78% 2,500 3.0% 1.59% 2.0% 1.49% 1.53% 1.44% 80,000 2.5% 2,000 1.5% 60,000 119,105

  8. Slide 8: ROE vs. Equity

    2. Financial Update ROE vs. Equity Unit: NT$M Equity attributable to owners of the parent ROE 70,000 19.0% 20% 16.9% 18% 60,000 16.3% 15.9% 16% 50,000 14% 13.0% 12.3% 11.7% 12% 40,000 10.7% 10.8% 10% 30,000 57,960 8% 53,768 47,235 47,246 49,685 46,078 20,000 6% 36,234 38,643 4% 10,000 22,480 2% - 0%

  9. Slide 9: Operating Cash Cycle

    2. Financial Update Operating Cash Cycle AR INV AP Operating cash cycle 70 64 60 60 53 52 50 51 50 50 46 40 40 30 20 10 0 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 9

  10. Slide 10: ROWC vs. NWC/Sales

    2. Financial Update ROWC vs. NWC/Sales NWC/Sales ROWC 0.20 0.18 17.1% 17.1% 16.3% 16.2% 0.16 14.0% 0.14 12.2% 12.5% 0.12 10.1% 0.10 8.1% 0.08 0.06 0.04 0.02 0.00 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 10

  11. Slide 11: 2Q22 Outlook

    3. Business Outlook We currently expect 2Q22 :  Revenue : between NT$116 billion ~ NT$124 billion, at a forecast exchange rate of 29.3 NT Dollars to 1 US Dollar  Revenue mid-point guidance: 6.2% QoQ decrease and 17.5% YoY growth  Gross profit margin : between 4.1% ~ 4.3%  Operating profit margin

  12. Slide 12: 2016-2021 CAGR of Market Size and WT's Revenue

    3. Business Outlook 2016-2021 CAGR of Market Size and WT's Revenue WT's Market Share in Asia Distribution: Asia Distribution Market 6.0% in 2016 as % of Asia Semi: to 10.1% in 2021 31.3% in 2016 Asia Contribution as % to 35.5% in 2021 of Global Semi Market: 69.1% in 2016 29.0% to 74.0% in 2021 15.9%

  13. Slide 13: WT continues gaining market share

    3. Business Outlook WT continues gaining market share WT Revenue Trend Billions of Dollars 25 20 CAGR (2016-21): 29.0% 15.99 15 11.95 10.84 10 9.07 6.22 4.47 5 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 World Semi Revenue Forecast Billions of Dollars and Revenue Growth CAGR (2021-25): 5.7%

  14. Slide 14: Global Semiconductor Market Forecast by Electronic Equipment Category

    3. Business Outlook Global Semiconductor Market Forecast by Electronic Equipment Category (US$ in billion) Semiconductor Market 734 2021-25F semiconductor segment 91 revenue CAGR 588 86 54 60 Automotive: +14.0% 58 44 80 66 Industrial: +10.1% 253 220 Communication: +8.0% 146 164 Consumer: +4.7% 2

  15. Slide 15: Revenue breakdown by application

    3. Business Outlook Revenue breakdown by application 100% 60 QoQ -28% 5.7% 5.3% 5.1% 6.4% 6.4% 6.5% 4Q21 (Left) vs. 1Q22 (Right) 6.7% 6.9% 50 8.4% 7.2% 6.9% 8.7% 10.4% 9.0% 8.1% 9.3% Revenue (NT$B) 35% Star 40 10.2% Application QoQ +16% 80% 15.1% 30 QoQ +29% 18.3% 15.3% 14.2% 16.6% 17.7% 18.4% 20 Qo

  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

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