Wt Microelectronics Co., Ltd. · TWSE:3036

Wt Microelectronics — Q2 2022 Earnings Presentation

16 slides from Wt Microelectronics's earnings presentation, Aug 5, 2022

  1. Slide 1: 2022 Second Quarter Investor Conference

    2022 Second Quarter Investor Conference August 5, 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) 2600+ #46 / #5 29B+ • Top 500 Asia High Growth (FT) • Top 5% Governance (TWSE) Employees Office

  5. Slide 5: 2Q22 Statement of Comprehensive Income

    2. Financial Update 2Q22 Statement of Comprehensive Income Unit: NT$M 2Q22 1Q22 2Q21 Key accounts QoQ YoY Amount Amount Amount Net Operating revenues 130,121 127,943 2% 102,096 27% Gross profit 5,017 4,867 3% 4,203 19% Gross margin 3.86% 3.80% 4.12% Operating expenses (1,798) (1,852) -3% (1,517) 19%

  6. Slide 6: 1H22 Statement of Comprehensive Income

    2. Financial Update 1H22 Statement of Comprehensive Income Unit: NT$M 1H22 2H21 1H21 Key accounts HoH YoY Amount Amount Amount Net Operating revenues 258,064 248,154 4% 199,742 29% Gross profit 9,884 9,318 6% 7,668 29% Gross margin 3.83% 3.75% 3.84% Operating expenses (3,649) (3,462) 5% (2,967) 23%

  7. Slide 7: Balance Sheet

    2. Financial Update Balance Sheet Unit: NT$M 2Q22 1Q22 2Q21 Key accounts Amount % Amount % Amount % Cash and cash equivalents 6,136 3 5,165 3 5,062 4 Accounts receivable 84,388 43 77,042 42 61,920 44 Inventory 85,001 44 71,837 39 53,985 38 Other current assets 2,628 1 2,980 2 2,134 1 Non-current ass

  8. Slide 8: Revenue, margins, 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 3.0% 3.87% 3.86% 2.63% 2.47% 120,000 3.55% 3.65% 3.80% 4.0% 3,000 2.45% 2.28% 2.36% 2.5% 2.06% 100,000 3.01% 3.5% 2,500 2.78% 2.0% 3.0% 1.53% 80,000 2,000 1.44% 130,121 2.5% 1.5% 60,000 119,105 129,04

  9. Slide 9: Operating Cash Cycle

    2. Financial Update Operating Cash Cycle AR INV AP Operating cash cycle 70 59 60 53 52 50 51 50 50 46 40 40 30 56 57 57 55 54 53 53 52 54 53 51 50 51 46 45 45 46 48 49 48 49 43 45 20 37 10 0 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 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% 13.7% 0.14 12.2% 12.5% 0.12 0.10 0.08 0.06 0.04 0.02 0.00 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 10

  11. Slide 11: ROE vs. Equity

    2. Financial Update ROE vs. Equity Unit: NT$M Equity attributable to owners of the parent ROE 70,000 20% 19.0% 16.9% 18% 60,000 16.3% 15.9% 15.7% 16% 50,000 14% 13.0% 12.3% 11.7% 12% 40,000 10% 30,000 57,960 8% 53,768 54,500 47,235 47,246 49,685 46,078 20,000 6% 38,643 4% 10,000 2% - 0% 3Q20 4Q20 1Q

  12. Slide 12: Business Outlook: 3Q22 Guidance

    3. Business Outlook We currently expect 3Q22 :  At a forecast exchange rate of 29.9 NT Dollars to 1 US Dollar  Revenue mid-point guidance: 4.5% QoQ increase and 14.2% YoY growth Unit: NT$M 3Q22 2Q22 Item Forecast Amount Revenue 132,000 ~ 140,000 130,121 Gross Profit 4,422 ~ 4,970 5,017 Gross Margi

  13. Slide 13: Global Semiconductor Market Forecast by Electronic Equipment Category

    3. Business Outlook Global Semiconductor Market Forecast by Electronic Equipment Category (US$ Billion) Semiconductor Market 723 2021-25F semiconductor segment 90 revenue CAGR vs. 3 months ago 595 54 91 Automotive: +13.8% vs. +14.0% 65 60 44 79 66 Industrial: +8.9% vs. +9.7% 252 220 Communication

  14. Slide 14: 2Q22 Revenue Breakdown by Application

    3. Business Outlook 2Q22 Revenue Breakdown by Application 1Q22 (Left) vs. 2Q22 (Right) 40 QoQ -14% 100% Revenue (NT$B) 6.4% 6.9% 7.8% 35 QoQ +29% QoQ -7% 30 10.4% 9.3% 9.9% 41% Star Application 25 80% 20 QoQ +3% 15 QoQ +8% 16.6% 18.4% QoQ +14% 23.4% 10 5 60% 0 14.3% 12.0% 12.2% 34% Quality 23.7% Bus

  15. Slide 15: Q&A WT Microelectronics

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

  16. Slide 16: Thank You!

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

WT Microelectronics — Q2 2022 Earnings Presentation on 6ix