Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q3 2023 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, Nov 2, 2023
Slide 1: Magnachip Semiconductor (NYSE: MX) Q3 2023 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q3 2023 Earnings Materials November 2, 2023 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 2023 Financial Summary
Q3 2023 Financial Summary Revenue of $61.2 million was in-line with our guidance range (vs $62.0 M mid-point) and was down 14.0% YoY and up 0.4% sequentially Revenue The sequential increase was mainly driven by a higher mix of premium tier Power products and strong demand in Consumer, Computing, and
Slide 4: Q3 2023 Report by Business Line
Q3 2023 Report by Business Line Q3 2023 Q2 2023 Q/Q Change Q3 2022 Y/Y Change Revenue $6.4 M $9.7 M down 33.7% $6.4 M up 0.8% OLED $3.5 M $5.9 M down 41.2% $3.1 M up 13.3% • OLED revenue remained muted due largely to slower than planned design-wins in China from our large Korean panel customer. • Ex
Slide 5: Key Financials
Q3 2023 Key Financials (In $ millions, except for share data and days calculation) Profitability Q3 2023 Q2 2023 Q3 2022 Adjusted Operating Loss -$7.1 -$7.8 -$6.6 Profitability Adjusted EBITDA -$2.7 -$3.6 -$3.0 Adjusted Net Income (Loss) -$1.6 -$2.5 $1.1 Adjusted Earnings (Loss) -$0.04 -$0.06 $0.02
Slide 6: Q4 2023 Outlook
Q4 2023 Outlook Amid heightened global geopolitical and macroeconomic uncertainty, we expect Power demand to soften driven by normal Q4 seasonality and inventory correction in industrial end markets. Key Metrics Guidance Revenue To be in the range of $50 million to $55 million, including approximate
Slide 7: Q3 2023 Financial Highlights
Q3 2023 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 Income (Loss) as a supplemental measure of our performance. We define Adjusted Operating Income (Loss) for the periods indicated as operating income (loss)
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 Income (Loss) as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (a
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