Win Semiconductors Corp. · TPEX:3105
Win Semiconductors — Q3 2023 Earnings Presentation
13 slides from Win Semiconductors's earnings presentation, Oct 27, 2023
Slide 1: WIN Semiconductors 3Q2023 Investor Conference
WIN Semiconductors 3Q2023 Investor Conference October 2023 WIN Semiconductors Confidential
Slide 2: Safe Harbor Notice
Safe Harbor Notice This presentation contains certain forward-looking statements that are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Except as
Slide 3: Quarterly Results & Guidance
QUARTERLY RESULTS & GUIDANCE WIN Semiconductors Confidential 3
Slide 4: Revenue & Margin Trend
Revenue & Margin Trend 3Q23 revenue was NT$4.2b, up 6% QoQ and up 7% YoY. In 3Q23, driven by the increase in capacity utilization coupled with a slightly better-than-expected product mix, gross margin increased by 2 pp sequentially to 22.1% and operating margin increased by 6 pp sequentially to
Slide 5: Earnings Trend
Earnings Trend In 3Q23, with the order recovery from customers and better capacity utilization, net profit attributable to the parent company was NT$34m. EPS was NT$0.08, compared to NT$-0.23 in 2Q23. NT$M Earnings & growth trend NT$ EPS 2,500 50% 5.00 2,000 0% 4.00 1,500 1,000 -50% 3.00 500 -100%
Slide 6: Product Mix
Product Mix 3Q22 Others* 26% Cellular 3Q23 30-35% Wi-Fi Others* 5-10% 18% Infra. 30-35% Wi-Fi Cellular 2Q23 10-15% 45-50% Others* 18% Cellular 30-35% Infra. Wi-Fi 20-25% 15-20% * Others: Revenue not attributable to main product segments and additional Infra. revenue being consolidated in accordance
Slide 7: 4Q23 Guidance
4Q23 Guidance We expect 4Q23 revenue to increase low-teens QoQ. We expect 4Q23 gross margin will be around the level of mid-twenties. WIN Semiconductors Confidential 7
Slide 8: Financial Summary
FINANCIAL SUMMARY WIN Semiconductors Confidential 8
Slide 9: Consolidated Statements of Comprehensive Income - Quarterly
Consolidated Statements of Comprehensive Income - Quarterly 3Q'23 Unit: NTD Million 3Q'22 2Q'23 QoQ YoY (unaudited) Net revenue 3,909 3,944 4,165 +6% +7% Gross profit 624 791 919 +16% +47% Gross margin (%) 16.0% 20.1% 22.1% Operating expenses (825) (961) (849) -12% +3% Operating expenses rate (%) -2
Slide 10: Consolidated Statements of Comprehensive Income - YTD
Consolidated Statements of Comprehensive Income - YTD 2023Q1-3 Unit: NTD Million 2022Q1-3 YoY (unaudited) Net revenue 14,803 10,968 -26% Gross profit 3,939 2,036 -48% Gross margin (%) 26.6% 18.6% Operating expenses (2,476) (2,731) +10% Operating expenses rate (%) -17% -25% Operating income (loss) 1,
Slide 11: Non-operating Items
Non-operating Items 3Q'23 2023Q1-3 Unit: NTD Million 3Q'22 2022Q1-3 (unaudited) (unaudited) Foreign exchange gains (losses) 71 (121) 510 (777) Gains (losses) on disposals of property, plant and 29 4 36 (19) equipment Gains on repurchase of bonds payable 360 157 360 713 Gains on financial assets (lia
Slide 12: Consolidated Balance Sheets
Consolidated Balance Sheets 2023/9/30 2022/9/30 2023/6/30 (Unit: NTD Million) Major Item (unaudited) $ % $ % $ % Cash and cash equivalents 10,880 15% 7,054 11% 6,352 10% Current financial assets at fair value through profit or loss 600 0.9% 103 0.2% 143 0.2% Notes and accounts receivable, net 1,312
Slide 13: Q&A
Q&A For more information regarding WIN www.winfoudry.com For all inquiries, suggestions, and comments ir@winfoundry.com WIN Semiconductors Confidential 13