Winbond Electronics Corp. · TWSE:2344
Winbond Electronics — Q2 2010 Earnings Presentation
11 slides from Winbond Electronics's earnings presentation, July 2010
Slide 1: 2Q10 Investor Conference
2Q10 Investor Conference Safe Harbor Notice ! ! " ! ! " ! # !" ! ! ! # # $ # % !# #& ! # # # ! ' # #
Slide 2: Agenda
Agenda 2Q10 Financial Results Business Recap & Outlook Q&A 2Q10 Financial Results
Slide 3: 2Q10 Income Statement
2Q10 Income Statement QoQ Comparison 2Q’10 1Q’10 QoQ change Unit: NT$ mil Amount % Amount % Amount % Net Sales 8,531 100 7,013 100 1,518 22 Gross Profit 2,119 25 1,171 17 948 81 Operating Income 1,290 15 484 7 806 167 Pretax Income 1,236 14 384 5 852 222 Net Income (loss) 1,236 14 384 5 852 222 EPS
Slide 4: Balance Sheet as of Jun. 30, 2010 and Cash Flow
Balance Sheet as of Jun. 30, 2010 QoQ Comparison Unit: NT$ mil Jun 30 ’10 Mar 31 ’10 QoQ change Amount % Amount % Amount % Cash & Equivalents 3,909 6 3,535 5 374 11 Net Fixed Assets 39,909 60 41,925 63 (2,016) (5) Total Assets 66,199 100 66,575 100 (376) (1) L-T Liabilities 13,833 21 15,117 23 (1,28
Slide 5: Revenue and GM Trend
Revenue and GM Trend- Winbond alone Revenue (NT$ bil) Gross Margin 10.0 40% 25% 16% 17% 8.0 20% 8.5 5.7 7.0 6.0 5.1 6.5 0% 4.2 -2% 3.8 4.0 -11% 3.1 -20% -44% 2.0 -40% -39% 0.0 -60% -2.0 -71% -80% 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 Revenue Gross Profit GM% Note: 1. All financial figures are unco
Slide 6: Geometry Breakdown in 12" Fab; Treasury Shares and ESOP Updates
Geometry Breakdown in 12” Fab (by wafer shipment) 120 100 80 65nm 60 40 75nm 80nm 20 90nm 110nm - 2Q07 4Q07 2Q08 4Q08 2Q09 4Q09 2Q10 Memory Geometry in ( ) * +* , * - * ./ 0* / Treasury Shares and ESOP Updates % #1 Unit: Mil Bought Transferred Cancelled/Sold End Balance Shares, Cost: NT$/Share Share
Slide 7: Business Recap and Outlook
Business Recap and Outlook 2Q10 Business Recap- Overall *( (4 0*5 5 ,-* 1 # 6 # 7 1 7 !# 8 13 9:: ;<:% = ! 1 #:> 6 ? #:> 6 * $ 13 # ! #
Slide 8: 2Q10 Business Recap- Revenue Breakdown
2Q10 Business Recap- Revenue Breakdown 13% 12% 10% 28% 21% 2% 18% 18% 38% 40% Specialty DRAM NOR Flash Mobile RAM Graphics DRAM Commodity DRAM Note:1. Graphics DRAM includes DDR2x16,DDR3 x16, and GDDR 2. All financial figures are unconsolidated 2Q10 Business Recap 1 13 32 2< <$ $;% ;5 5: % > :>6 6 .
Slide 9: 3Q10 Winbond Business Outlook
2Q10 Business Recap (cont’d) 6 6?$ ?; $ ;2 2> >66 /*( ( 1 ! " <> 6 B >6<3 = ; 3:> 6 @ @> >39 39$ < $ <11: :> >66 -*( ( = @::>0 @::>/ 3Q10 Winbond Business Outlook 6 (0 1 ! ! < # 1 13 32 2< <$ $;% ;5 5: % > :>6 6 $ / ! B B>>7 7 6 !# ! ! 7 ! !# ! (0 (+ #
Slide 10: 3Q10 Outlook (cont'd) and Y2010 CAPEX Updates
3Q10 Winbond Business Outlook (cont’d) 6 6?$ ?; $ ;2 2> >66 1 1> 6 B >6<3 @ @> >39 39$ < $ <11: :> >66 7 @::>04 @::>/ ! # Y2010 CAPEX Updates NT$ Billion 14.1 3 3 5 5 < <32 32C) C)) C C) 7.9 D D,, 7 7 # # E E 7.9 36 36 D D // ::> >66 ## E E 4.2 36 36 D D@@ : :> >66 ' ' D D++ : :> >66 # # Y2007 Y2008
Slide 11: Questions & Answers
uestions & Lt Answers Website: www.winbond.com