Slide 1: MediaTek 2017-Q4 Investor Conference
聯發科技 2017年第四季法人說明會 MediaTek 2017-Q4 Investor Conference January 31, 2018 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and prici
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY -5.1% -12% 80,000 68,675 63,651 60,403 60,000 40,000 20,000 0 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 1pt 2.9pt 40% 37.4% 36.4% 35% 34.5% 30% 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses QoQ (NT$ million) YoY 16.9% 7.9% 25,000 19,731 21,294 20,000 18,223 3,050 3,675 2,332 2,385 Selling expenses 15,000 2,021 1,693 Administration expenses 10,000 R&D expenses 15,859 14,035 14,199 5,000 0 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income QoQ (NT$ million) YoY -74% -67.6% 6,000 4,959 5,000 3,981 4,000 3,000 2,000 1,290 1,000 0 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -5.7pt -3.7pt 15% 10% 7.8% 5.8% 5% 2.1% 0% 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 100.8% 97.7% 12,000 10,160 10,000 8,000 6,000 5,138 5,061 4,000 2,000 0 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 8.8pt 9.3pt 20% 16.8% 15% 10% 7.5% 8.0% 5% 0% 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 3.24 3.27 7.00 6.50 6.00 5.00 4.00 3.23 3.26 3.00 2.00 1.00 0.00 4Q16 3Q17 4Q17 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 10
Slide 12: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$millions,except earningsper share ) (In NT$ millions, except EPS) 4Q17 3Q17 4Q16 Q-Q Y-Y Net Sales 60,403 63,651 68,675 (5.1%) (12.0%) Operating costs (37,819) (40,469) (44,963) Gross profit 22,584 23,182 23,713 (2.6%) (4.8%) Selling expenses (3,050)
Slide 13: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 4Q17 3Q17 4Q16 Gross profit 37.4% 36.4% 34.5% Selling expenses (5.0%) (3.7%) (5.4%) Administration expenses (3.9%) (2.7%) (2.9%) R&D expenses (26.3%) (22.3%) (20.4%) Operating income 2.1% 7.8% 5.8% Non-operating income 15.6% 1.0% 2.3% Income tax expens
Slide 14: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$millions,except earningsper share ) (In NT$ millions, except EPS) 2017 2016 Y-Y Net Sales 238,216 275,512 (13.5%) Operating costs (153,330) (177,322) Gross Profit 84,886 98,190 (13.5%) Selling expenses (10,465) (12,414) Administration expenses (7,431)
Slide 15: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2017 2016 Gross profit 35.6% 35.6% Selling expenses (4.4%) (4.5%) Administration expenses (3.1%) (2.5%) R&D expenses (24.0%) (20.2%) Operating income 4.1% 8.4% Non-operating income 7.3% 1.5% Income tax expense (1.3%) (1.2%) Net income 10.1% 8.7% Note:
Slide 16: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$millions) (In NT$ millions) 4Q17 3Q17 4Q16 Cash & financial assets-current 170,120 148,858 153,466 Accounts receivable 16,895 21,771 20,481 Inventories 26,540 36,146 33,923 Other current assets 25,109 16,817 12,408 Funds and investments 37,772 50,123 36,971 I
Slide 17: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$millions) (In NT$ millions) 4Q17 3Q17 4Q16 Net cash provided by (used in) operating activities 16,707 6,948 9,209 Net cash provided by (used in) investing activities (2,137) 1,358 (2,026) Net cash provided by (used in) financing activities 1,408 (17,315) (10,63
Slide 18: Supplemental Information: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results Copyright © MediaTek Inc. All rights reserved. 17
Slide 19: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 4Q17 3Q17 4Q16 Q-Q Y-Y TIFRS operating income 1,290 4,959 3,981 TIFRS net income 10,160 5,061 5,138 TIFRS EPS(NT$) 6.50 3.26 3.23 Non-TIFRS reconciliation items 299 538 474 Share-based compensation (-54) 215 177 Amortizatio
Slide 20: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2017 2016 Y-Y TIFRS operating income 9,819 23,076 TIFRS net income 24,070 24,031 TIFRS EPS(NT$) 15.56 15.16 Non-TIFRS reconciliation items 2,047 1,648 Share-based compensation 614 307 Amortization of acquisition related ass
Slide 21: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 20