Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q4 2020 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, Feb 17, 2021
Slide 1: Magnachip Semiconductor Q4 2020 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q4 2020 Earnings Materials February 17, 2021 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: Q4 and Year 2020 Highlights
Q4 and Year 2020 Highlights • Fourth quarter revenue of $142.9 million was up 14.5% sequentially and up 15.9% year-over-year (YoY) — it surpassed the midpoint of October guidance by $10.9 million; Full-year revenue of $507.1 million decreased 2.6% YoY due mainly to the exit from the non-automotive L
Slide 4: Q4 and 2020 Report by Business Line
Q4 and 2020 Report by Business Line Display Solutions Q4 2020 Q3 2020 Q/Q Change Q4 2019 Y/Y 2019 2020 Y/Y Change Revenue Revenue change Revenue $82.7 M $69.6 M up 18.9% $75.5 M up 9.6% $308.5 M $299.1 M down 3.1% OLED $80.4 M $67.6 M up 19.0% $67.3 M up 19.4% $267.0 M $285 M up 6.5% • Q4 OLED reven
Slide 5: Q4 2020 Key Financials
Q4 2020 Key Financials (In $ Millions, except for share data and days calculation) Profitability Q4 2020 Q3 2020 Q4 2019 Adjusted Operating Income $15.4 $8.8 $10.1 Adjusted EBITDA $18.6 $11.7 $12.8 Adjusted Net Income $17.3 $5.1 $6.6 Adjusted Earnings per Common Share - Diluted $0.40 $0.14 $0.17 Bal
Slide 6: Long-term Targets and Q1 2021 Outlook
Long-term Targets and Q1 2021 Outlook Long-term Target* By 2023 Revenue Double-digit CAGR growth Gross Profit Margin Consistently above 30% Adjusted Operating Expense** Below 18% of revenue Adjusted Operating Income % Exceed 10% Tax Rate*** 14-16% in 2-3 years (utilizing NOL) Capital Expenditure Spe
Slide 7: Q4 and 2020 Financial Highlights
Q4 and 2020 Financial Q3 2020 Highlights Financial Highlights In thousands of U.S. dollars, except share data GAAP GAAP Q4 2020 Q3 2020 Q/Q change Q4 2019 Y/Y change 2020 2019 Y/Y Change Revenues Standard Products Business Display Solutions 82,705 69,583 up 18.9% 75,490 up 9.6% 299,057 308,531 down
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP Appendix: to to GAAP Non-GAAP Reconciliation Non-GAAP Reconciliation (In thousands of U.S. dollars) We present Adjusted Operating Income as supplemental measures of our performance. We define Adjusted Operating Income for the periods indicated as operating income adjusted to exclude (
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix: GAAP Appendix: to to GAAP Non-GAAP Reconciliation Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) Adjusted EBITDA is defined for the periods indicated as EBITDA adjusted to exclude (i) Equity-based compensation expense, (ii) Early termination and other charges, (i
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