Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q3 2024 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, Oct 30, 2024
Slide 1: Magnachip Semiconductor Q3 2024 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q3 2024 Earnings Materials October 30, 2024 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Information in this presentation regarding Magnachip’s forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking
Slide 3: Q3 2024 Financial Summary
Q3 2024 Financial Summary Q3 2024 MX Guidance Range Q/Q Change Y/Y Change Consolidated $66.5 M $61.5 – $66.5 M up 25.0% up 8.5% Revenue MSS $16.4 M $14.5 – $16.5 M up 41.8% up 54.5% PAS $47.6 M $45.5 – $48.5 M up 21.2% up 16.1% Q3 2024 MX Guidance Range Q/Q Change Y/Y Change Gross Consolidated 23.3%
Slide 4: Q3 2024 Report by Business
Q3 2024 Report by Business Q3 2024 Q2 2024 Q/Q Change Q3 2023 Y/Y change Revenue $47.6 M $39.2 M up 21.2% $41.0 M up 16.1% PAS delivered a broad-based sequential revenue growth in Q3, driven by leaner distribution channels and better -than-typical seasonality. Relative strength was more evident in:
Slide 5: Q3 2024 Key Financials
Q3 2024 Key Financials (In $ millions, except for share data and days calculation) Non-GAAP Metrics Q3 2024 Q2 2024 Q3 2023 Adjusted Operating Loss -$9.0 -$11.6 -$7.1 Non-GAAP Adjusted EBITDA -$4.9 -$7.6 -$2.7 Metrics Adjusted Net Loss -$12.8 -$8.1 -$1.6 Adjusted Loss per Common Share - -$0.34 -$0.2
Slide 6: Q4 & Full-year 2024 Outlook
Q4 & Full-year 2024 Outlook Beginning in Q1 of 2024, the Company began reporting under its newly organized businesses: MSS (Mixed-Signal Solutions) and PAS (Power-Analog Solutions). While actual results may vary, Magnachip currently expects the following: Key Metrics Guidance Revenue • Consolidated
Slide 7: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights (1) Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, we provided transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located in Gumi, Korea, known as “Fab 3” (“Transit
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars) We present Adjusted Operating Loss as a supplemental measure of our performance. We define Adjusted Operating Loss for the periods indicated as operating loss adjusted to exclude (i) Equ
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted EBITDA and Adjusted Net Loss as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (as defined
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