Winbond Electronics Corp. · TWSE:2344
Winbond Electronics — Q1 2010 Earnings Presentation
11 slides from Winbond Electronics's earnings presentation, 2010
Slide 1: 1Q10 Investor Conference
1Q10 Investor Conference Safe Harbor Notice ! ! " ! ! " ! # !" ! ! ! # # $ # % !# #& ! # # # ! ' # #
Slide 2: Agenda
Agenda 1Q10 Financial Results Business Recap & Outlook Q&A 1Q10 Financial Results
Slide 3: 1Q10 Income Statement
1Q10 Income Statement QoQ Comparison 1Q’10 4Q’09 QoQ change Unit: NT$ mil Amount % Amount % Amount % Net Sales 7,013 100 6,508 100 505 8 Gross Profit 1,171 17 1,053 16 118 11 Operating Income 484 7 355 5 129 36 Pretax Income 384 5 342 5 42 12 Net Income (loss) 384 5 342 5 42 12 EPS (NTD) 0.11 0.10 0
Slide 4: Balance Sheet and 1Q10 Statement of Cash Flow
Balance Sheet as of Mar. 31, 2010 QoQ Comparison Unit: NT$ mil Mar 31 ’10 Dec 31 ’09 QoQ change Amount % Amount % Amount % Cash & Equivalents 3,535 5 2,859 5 676 24 Net Fixed Assets 41,925 63 42,049 64 (124) - Total Assets 66,575 100 65,163 100 1,412 2 L-T Liabilities 15,117 23 15,117 23 - - SH Equi
Slide 5: Revenue and GM Trend
Revenue and GM Trend- Winbond alone Revenue (NT$ bil) Gross Margin 8.0 7.0 40% 6.5 5.7 20% 6.0 5.1 4.2 16% 17% 3.8 0% 4.0 -2% 3.1 -11% -20% 2.0 -39% -44% -40% 0.0 -60% -2.0 -71% -80% 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 Revenue Gross Profit GM% Note: 1. All financial figures are unconsolidated. 2. Fig
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 90nm 80nm 20 110nm - 1Q07 3Q07 1Q08 3Q08 1Q09 3Q09 1Q10 Memory Geometry in ( ) *+ ,-+ - + * + , .+ /, Treasury Shares and ESOP Updates % #0 Unit: Mil Bought Transferred Cancelled/Sold End Balance Shares, Cost: NT$/Share Sha
Slide 7: Business Recap and Outlook: 1Q10 Business Recap - Overall
Business Recap and Outlook 1Q10 Business Recap- Overall +( (3 .+4 4 -+ 0 # # #! ! $ 5 67 8 ! 68 9 :6 8! 7 #:6 8
Slide 8: 1Q10 Business Recap - Revenue Breakdown
1Q10 Business Recap- Revenue Breakdown 8% 16% 13% 18% 17% 10% 18% 21% 41% 38% 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 1Q10 Business Recap 0 02 21 1< <$ $>% >4 4: % 6 :68 8 7
Slide 9: 1Q10 Business Recap (cont'd); 2Q10 Business Outlook
1Q10 Business Recap (cont’d) 8 8@$ @> $ >1 16 688 ,+( (3 +4 4 9 96 62= 2=$ < $ <00: :6 688 1 ! ! " 2< 2Q10 Business Outlook 0 02 21 1< <$ $>% >4 4: % 6 :68 8 0 =:: > <:% ? /, A # 5 5667 7 : 7 # *? 7 ;? 7 !
Slide 10: 2Q10 Business Outlook (cont'd); Y2010 CAPEX Updates
2Q10 Business Outlook (cont’d) 8 8@$ @> $ >1 16 688 0 6 8 !# 8<2 ! & # ! !# # ? ::6 9 96 62= 2=$ < $ <00: :6 688 ? 9::6; 9::6, Y2010 CAPEX Updates NT$ Billion Total CAPEX 2 2 44 < <221 1B) B)) B B) C C-- 7 7 ## D D 2 28 8 14.1 C C//, , : :6 688 # # / /D D 2 28 8 7.9 7.5 C C99 : :6 688 ' ' 4.2 C C./
Slide 11: Questions & Answers
uestions & Lt Answers Website: www.winbond.com