Slide 1: 2022 Second Quarter Earnings Conference
Stock Code: 6643 TT 2022 Second Quarter Earnings Conference www.m31tech.com August 11th, 2022 @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 2: Safe Harbor Notice
Safe Harbor Notice • M31’s statements of its current expectations are forward-looking statements subject to significant risks and uncertainties and actual results may differ materially from those contained in the forward- looking statements. • Except as required by law, we undertake no obligation to
Slide 3: 2Q22 Financial Results
2Q22 Financial Results @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 4: Statements of Comprehensive Income
2Q22 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 2Q22 2Q22 (In NT$ thousands unless 2Q22 1Q22 2Q21 over over otherwise noted) 1Q22 2Q21 Net Revenue (US$ thousands) 10,134 8,839 7,673 +14.7% +32.1% Net Revenue 299,748 247,722 214,281 +21.0% +39.9% Gross M
Slide 5: 1H22 Statements of Comprehensive Income
1H22 Statements of Comprehensive Income Selected Items from Statements of Comprehensive Income 1H22 (In NT$ thousands unless 1H22 1H21 over otherwise noted) 1H21 Net Revenue (US$ thousands) 18,973 15,139 +25.3% Net Revenue 547,470 427,416 +28.1% Gross Margin 100% 100% Operating Expenses (450,514) (2
Slide 6: Balance Sheets
2Q22 Balance Sheets Selected Items from Balance Sheets 2Q22 1Q22 2Q21 (In NT$ thousands) Amount % Amount % Amount % Cash & Marketable Securities 922,472 44% 814,205 41% 1,106,487 53% Accounts Receivable 208,802 10% 237,855 12% 154,752 7% Other current assets 175,368 8% 168,711 7% 174,424 8% Net PP&E
Slide 7: Cash Flow
2Q22 Cash Flow (In NT$ thousands) 2Q22 1Q22 2Q21 6 Months Ended 3 Months Ended 6 Months Ended Beginning Balance 307,421 307,421 527,760 Cash generated from operating activities 279,101 135,956 76,814 Cash used in investing activities (112,175) (97,816) (367,259) Cash generated from/(used in) financi
Slide 8: Operating Result
Operating Result @ 2022 M31 Technology Corporation. Proprietary and Confidential
Slide 9: Revenue by Income Source
2Q22 Revenue by Income Source 100% 100% 13.3% 14.3% 13.7% 11.6% 14.0% 15.5% 14.9% 15.1% 80% 80% 60% 60% 86.7% 85.7% 86.3% 88.4% 86.0% 84.5% 85.1% 84.9% 40% 40% 20% 20% 0% 0% 2Q21 3Q21 4Q21 1Q22 2Q22 2020 2021 1H22 License Fee Royalty License Fee Royalty @ 2022 M31 Technology Corporation. Proprietary
Slide 10: Revenue by Region
2Q22 Revenue by Region 100% 100% 5.3% 8.3% 6.7% 8.7% 9.4% 14.1% 17.7% 22.1% 17.7% 25.8% 80% 20.0% 26.2% 80% 19.8% 16.3% 16.3% 16.3% 19.9% 60% 20.5% 60% 19.6% 18.3% 30.7% 31.7% 26.1% 19.4% 40% 40% 53.7% 50.3% 49.2% 48.8% 20% 42.2% 20% 41.0% 39.9% 37.9% 0% 0% 2Q21 3Q21 4Q21 1Q22 2Q22 2020 2021 1H22 CN
Slide 11: Revenue by Customer Type
2Q22 Revenue by Customer Type 100% 100% 13.8% 17.2% 18.1% 19.3% 21.3% 24.8% 24.9% 32.8% 80% 80% 60% 60% 86.2% 82.8% 40% 81.9% 80.7% 78.7% 40% 75.2% 75.1% 67.2% 20% 20% 0% 0% 2Q21 3Q21 4Q21 1Q22 2Q22 2020 2021 1H22 Fabless Foundry Fabless Foundry @ 2022 M31 Technology Corporation. Proprietary and Con
Slide 12: Fabless License Fee by Nodes
2Q22 Fabless License Fee by Nodes Fabless Fabless 100% 2.0% 100% 7.3% 5.8% 5.6% 7.9% 5.0% 6.4% 4.6% 8.7% 8.7% 8.8% 19.8% 22.2% 80% 26.0% 80% 25.1% 33.5% 41.6% 38.8% 35.3% 60% 60% 42.7% 41.5% 49.1% 41.9% 40% 36.7% 40% 34.8% 39.7% 45.8% 20% 24.8% 20% 21.6% 20.9% 17.7% 19.1% 12.9% 4.8% 5.3% 7.0% 4.7% 5
Slide 13: Foundry License Fee by Nodes
2Q22 Foundry License Fee by Nodes Foundry Foundry 100% 100% 11.4% 9.3% 17.1% 32.3% 80% 40.7% 80% 17.8% 46.7% 52.8% 49.4% 60% 58.8% 60% 54.0% 18.4% 41.3% 22.0% 18.4% 40% 16.9% 40% 72.8% 20% 40.9% 20% 30.3% 31.3% 29.8% 32.2% 28.9% 26.4% 0% 0% 2Q21 3Q21 4Q21 1Q22 2Q22 2020 2021 1H22 22~28nm 40~65nm 90~
Slide 14: Recap of 1H22 Operating Result
Recap of 1H22 Operating Result • In 1H 2022, M31’s revenue soared 28.1% from a year earlier to NT$547.47 million and the rate of net profit growth keeps pace with revenue by 24.5%. - 2Q22 operating expenses are major from employee compensations after structural salary adjustment in 1Q22, increasing
Slide 15: @ 2022 M31 Technology Corporation. Proprietary and Confidential
@ 2022 M31 Technology Corporation. Proprietary and Confidential 15 15
Slide 16: Thank You
M31, your IP partner, your virtual team Thank You www.m31tech.com @ 2022 M31 Technology Corporation. Proprietary and Confidential