Slide 1: Monolithic Power Systems Q4 '21 Earnings Call
Monolithic Power Systems Q4 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 10, 2022 rev 20180504 mi | ~1=)
Slide 2: Safe Harbor Statement
Sate Harbor Statement ‘This presentation contains, and statemerts that will be made duringthe accompanying teleconference vill contain forward-looking statements, a thattermis definedin he Private Secures Litigation Reform Act of 1895, including under ‘Business Outook andthe quote trom our CEO withi
Slide 3: Full Year Revenue 2011 to 2021
Full Year Revenue 2011 to 202 ‘Sinmiions $1,300 $1,200 $1,100 $1,000 $1 Billion $200 $100 2011 «2012, 2013. 20142018 : mrs
Slide 4: Quarterly Revenue 2018 to 2021
uarterly Revenue 2018 to 2 $350 $330 $310 =a $3365 $270 - $250 $230 $210 $190 $170 $150 $130 $110 $90 $70 +
Slide 5: Revenue Growth by Market — FY'21
Revenue Growth by Market — FY‘21 % of Total vs FY’20 Revenue Automotive 87.5 % 16.9% Computing and Storage 47.0 % 30.8 % Industrial 54.5 % 15.3% Consumer 28.1 % 23.4% Communications 15.3 % 13.6 % Total Revenue 43.0 % 100.0 % mrs
Slide 6: Revenue Growth by Market — Q4'21
Revenue Growth by Market — Q4‘21 % of Total vs Q4’20 Revenue Computing and Storage 91.6 % 35.2 % Communications 54.7 % 13.6 % Automotive 43.2 % 16.7% Industrial 33.3 % 14.7% Consumer 1.9% 19.7% Total Revenue 444% 100.0 % mrs
Slide 7: Selected P&L Data
Selected P&L Data Sand sharesin mitons, stroptperstersorts a4'24 Q3'21 420 Revenue $336.5 $323.5 $233.0 GAAP Gross Margin 576% 57.6% 55.3% OPEX $115.3 $109.2 $88.9 Operating Income $786 $77.4 $40.0 Operating Margin 23.3% 23.8% 17.1% Stock Comp. $31.2 $31.6 $23.0 Net Income $727 968.8 $42.9 EPS $1.51
Slide 8: Selected Balance Sheet Data
Selected Balance Sheet Data Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Inventory Dollars Days Dollars Days — Current quarter revenue Next quarter's revenue 421 $727.5 $28.2 $17.6 $104.8 28 $259.4 166 152 Q4'20 $598.0 $79.6 $11.5 $66.8 26 $157.
Slide 9: Q1 2022 Outlook
$.and sharesin milions Revenue GAAP Gross Margin R&D and SG&A Non-GAAP Gross Margin R&D and SG&A Total Stock Compensation Litigation Expenses Interest Income Shares Outstanding (FD) Range From To $354.0 $366.0 57.4% 58.0% $(119.2) $(123.2) 57.7% 58.3% $(83.4) $(85.4) $(36.9) $(38.9) $(2.3) $(2.7) $1
Slide 10: Monolithic Power Systems Q4 '21 Earnings Call
Monolithic Power Systems Q4 ‘21 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO February 10, 2022 rev 20180504 mi | ~1=)
Slide 11: Net Income to Non-GAAP Net Income Reconciliation
Net Income to Non-GAAP Net Income Reconciliatio RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME, (Unaudited, in thousands, except per share amounts) ‘Three Months Ended December 31, Year Ended December 31, 2021 2020 2021 2020, Net income 5 Ren Ss 42,887 s 242.023 S$ 164.375 Adjustments to reconc
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation mrs
Slide 13: GAAP to Non-GAAP Reconciliation: 2022 First Quarter Outlook
GAAP to N 2022 FIRST QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending ‘March 31, 2022 Low High 37.4% 58.0% Gross margin Adjustment to reconcile gross margin to non-GAAP gross margin: 0.3% 0.3% Stock-based compensation expense ‘Non-GAAP gross mar