Slide 1: MediaTek 2024-Q3 Investor Conference
聯發科技 2024年第三季法人說明會 MediaTek 2024-Q3 Investor Conference October 30, 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
2024-Q3 INVESTOR CONFERENCE Safe Harbor Statement These factors may cause actual results materially different from the information provided herein. The factors include the impact of competitive products and pricing, timely acceptance of products design by our customers, timely introduction of new te
Slide 3: Consolidated Revenue
2024-Q3 INVESTOR CONFERENCE QoQ YoY 3.6% 19.7% Consolidated 160,000 Revenue 140,000 120,000 110,098 127,271 131,813 (NT$ million) 100,000 80,000 60,000 40,000 20,000 0 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 4: Consolidated Gross Margin
2024-Q3 INVESTOR CONFERENCE QoQ YoY flat 1.4pts Consolidated 55% Gross Margin 50% 48.8% 48.8% 47.4% 45% 40% 35% 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 5: Consolidated Operating Expenses
2024-Q3 INVESTOR CONFERENCE QoQ YoY 8.9% 18.2% Consolidated 45,000 40,000 37,180 40,483 Operating 34,248 4,237 35,000 3,401 2,985 3,745 2,947 Expenses 30,000 2,261 25,000 Sales 20,000 Admin (NT$ million) 33,261 R&D 15,000 30,833 28,242 10,000 5,000 0 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All righ
Slide 6: Consolidated Operating Income
2024-Q3 INVESTOR CONFERENCE QoQ YoY -4.4% 33% Consolidated 30,000 24,956 23,864 Operating 25,000 Income 17,944 20,000 15,000 (NT$ million) 10,000 5,000 0 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 7: Consolidated Operating Margin
2024-Q3 INVESTOR CONFERENCE QoQ YoY -1.5pts 1.8pts Consolidated 30% Operating 25% 19.6% 18.1% Margin 20% 16.3% 15% 10% 5% 0% 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 8: Consolidated Net Income
2024-Q3 INVESTOR CONFERENCE QoQ YoY -1.4% 37.8% 40,000 Consolidated 35,000 30,000 Net Income 25,000 25,955 25,590 20,000 18,569 (NT$ million) 15,000 10,000 5,000 0 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 9: Consolidated Net Profit Margin
2024-Q3 INVESTOR CONFERENCE QoQ YoY -1pts 2.5pts Consolidated 30% Net Profit 25% 20% 20.4% 19.4% 16.9% Margin 15% 10% 5% 0% 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 10: Consolidated Earnings Per Share
2024-Q3 INVESTOR CONFERENCE QoQ YoY -$0.25 $4.3 18.00 16.19 15.94 Consolidated 16.00 14.00 Earnings Per 12.00 11.64 Share 10.00 8.00 (NT$) 6.00 4.00 2.00 0.00 3Q23 2Q24 3Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 11: Business Outlook
2024-Q3 INVESTOR CONFERENCE Business Outlook For 2024-Q4, we currently expect: • Consolidated revenue: Around NT$126.5 billion ~ 134.5 billion, at a forecast exchange rate of 31.7 NT dollars to 1 US dollar • Consolidated gross margin: 47% ± 1.5% • Consolidated operating expense ratio: 32% ± 2% Copyr
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
(TIFRS) Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved.
Slide 13: Consolidated Income Statement
2024-Q3 INVESTOR CONFERENCE (In NT$ millions, except EPS) 3Q24 2Q24 3Q23 Q-Q Y-Y Net Sales 131,813 127,271 110,098 3.6% 19.7% Operating costs (67,466) (65,135) (57,905) Gross profit 64,348 62,136 52,192 3.6% 23.3% Consolidated Selling expenses Administration expenses (4,237) (2,985) (3,401) (2,947)
Slide 14: Supplemental Information: Percentage of Revenue
2024-Q3 INVESTOR CONFERENCE 3Q24 2Q24 3Q23 Supplemental Gross profit 48.8% 48.8% 47.4% Information: Selling expenses Administration expenses (3.2%) (2.3%) (2.7%) (2.3%) (3.4%) (2.1%) Percentage of R&D expenses (25.2%) (24.2%) (25.7%) Revenue Operating income Non-operating income 18.1% 3.5% 19.6% 3.3
Slide 15: Balance Sheet Summary (Unaudited)
2024-Q3 INVESTOR CONFERENCE (In NT$ millions) 3Q24 2Q24 3Q23 Cash & financial assets-current 198,020 208,674 119,324 Accounts receivable 47,219 45,945 61,154 Balance Sheet Inventories 55,635 53,578 53,391 Summary Other current assets 26,215 23,796 33,311 Funds and investments 166,784 159,645 154,925
Slide 16: Cash Flow Statement (Unaudited)
2024-Q3 INVESTOR CONFERENCE Cash Flow (In NT$ millions) Net cash provided by (used in) operating activities 3Q24 36,225 2Q24 49,940 3Q23 14,966 Statement Net cash provided by (used in) investing activities (3,844) (6,659) (55) (Unaudited) Net cash provided by (used in) financing activities (38,885)
Slide 17: Supplemental Information
Supplemental Information Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved.
Slide 18: Reconciliations of TIFRS Results to Non-TIFRS Results
2024-Q3 INVESTOR CONFERENCE (In NT$ millions) 3Q24 2Q24 3Q23 Q-Q Y-Y Operating income 23,864 24,956 17,944 (4.4%) 33.0% TIFRS Operating income margin(%) 18.1% 19.6% 16.3% Share-based compensation 300 245 504 Reconciliations Reconciliations Non-TIFRS Amortization of acquisition related assets Operati
Slide 19: Quarterly Product Group Revenue Breakdown
2024-Q3 INVESTOR CONFERENCE Quarterly 3Q24 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Product Group Mobile Phone 54% 4% 33% Revenue Smart Edge Platforms 40% 3% 8% Breakdown Power IC Total 6% 100% 5% 4% 3% 20% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartpho
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved.