Slide 1: MediaTek 2024-Q2 Investor Conference
聯發科技 2024年第二季法人說明會 MediaTek 2024-Q2 Investor Conference July 31, 2024 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
2024-Q2 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-Q2 INVESTOR CONFERENCE QoQ YoY -4.6% 29.7% Consolidated 160,000 Revenue 140,000 120,000 133,458 127,271 98,135 (NT$ million) 100,000 80,000 60,000 40,000 20,000 0 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 4: Consolidated Gross Margin
2024-Q2 INVESTOR CONFERENCE QoQ YoY -3.6pt 1.3pt Consolidated 55% 52.4% Gross Margin 50% 48.8% 47.5% 45% 40% 35% 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 5: Consolidated Operating Expenses
2024-Q2 INVESTOR CONFERENCE QoQ YoY -1.4% 16.6% Consolidated 40,000 35,000 37,721 3,754 37,180 3,401 Operating 31,896 2,820 2,947 30,000 3,375 2,333 Expenses 25,000 20,000 Sales Admin (NT$ million) 15,000 31,147 30,833 R&D 26,188 10,000 5,000 0 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights res
Slide 6: Consolidated Operating Income
2024-Q2 INVESTOR CONFERENCE QoQ YoY -22.4% 69.2% Consolidated 35,000 32,180 Operating 30,000 24,956 25,000 Income 20,000 14,751 15,000 (NT$ million) 10,000 5,000 0 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 7: Consolidated Operating Margin
2024-Q2 INVESTOR CONFERENCE QoQ YoY -4.5pt 4.6pt Consolidated 30% 24.1% Operating 25% 19.6% Margin 20% 15.0% 15% 10% 5% 0% 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 8: Consolidated Net Income
2024-Q2 INVESTOR CONFERENCE QoQ YoY -18% 62% 40,000 Consolidated 35,000 30,000 31,655 Net Income 25,000 25,955 20,000 (NT$ million) 16,019 15,000 10,000 5,000 0 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 9: Consolidated Net Profit Margin
2024-Q2 INVESTOR CONFERENCE QoQ YoY -3.3pt 4.1pt Consolidated 30% 23.7% Net Profit 25% 20% 20.4% Margin 15% 16.3% 10% 5% 0% 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 10: Consolidated Earnings Per Share
2024-Q2 INVESTOR CONFERENCE QoQ YoY $-3.66 $6.12 25.00 Consolidated 20.00 19.85 Earnings Per 15.00 16.19 Share 10.00 10.07 (NT$) 5.00 0.00 2Q23 1Q24 2Q24 Copyright © MediaTek Inc. All rights reserved.
Slide 11: Business Outlook
2024-Q2 INVESTOR CONFERENCE Business Outlook For 2024-Q3, we currently expect: • Consolidated revenue: Around NT$123.5 billion ~ 132.4 billion, at a forecast exchange rate of 32.3 NT dollars to 1 US dollar • Consolidated gross margin: 47% ± 1.5% • Consolidated operating expense ratio: 30% ± 2% Copyr
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
(TIFRS) Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved.
Slide 13: Consolidated Income Statement (Unaudited)
2024-Q2 INVESTOR CONFERENCE (In NT$ millions, except EPS) 2Q24 1Q24 2Q23 Q-Q Y-Y Net Sales 127,271 133,458 98,135 (4.6%) 29.7% Operating costs (65,135) (63,558) (51,489) Consolidated Gross profit 62,136 69,901 46,646 (11.1%) 33.2% Selling expenses (3,401) (3,754) (3,375) Administration expenses (2,9
Slide 14: Supplemental Information: Percentage of Revenue
2024-Q2 INVESTOR CONFERENCE 2Q24 1Q24 2Q23 Supplemental Gross profit 48.8% 52.4% 47.5% Information: Selling expenses Administration expenses (2.7%) (2.3%) (2.8%) (2.1%) (3.4%) (2.4%) Percentage of R&D expenses (24.2%) (23.3%) (26.7%) Revenue Operating income Non-operating income 19.6% 3.3% 24.1% 2.6
Slide 15: Balance Sheet Summary (Unaudited)
2024-Q2 INVESTOR CONFERENCE (In NT$ millions) 2Q24 1Q24 2Q23 Cash & financial assets-current 208,674 159,767 192,428 Accounts receivable 45,945 54,104 45,639 Balance Sheet Inventories Other current assets 53,578 23,796 49,212 21,618 61,067 19,005 Summary Funds and investments Intangible assets 159,6
Slide 16: Cash Flow Statement (Unaudited)
2024-Q2 INVESTOR CONFERENCE Cash Flow (In NT$ millions) Net cash provided by (used in) operating activities 2Q24 49,940 1Q24 25,204 2Q23 46,732 Statement Net cash provided by (used in) investing activities (6,659) (18,271) (11,262) (Unaudited) Net cash provided by (used in) financing activities 1,04
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-Q2 INVESTOR CONFERENCE (In NT$ millions) 2Q24 1Q24 2Q23 Q-Q Y-Y Operating income 24,956 32,180 14,751 (22.4%) 69.2% TIFRS Operating income margin(%) 19.6% 24.1% 15.0% Share-based compensation 245 173 561 Reconciliations Amortization of acquisition related assets 75 75 119 Reconciliations Non-TI
Slide 19: Quarterly Product Group Revenue Breakdown
2024-Q2 INVESTOR CONFERENCE Quarterly 2Q24 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Product Group Mobile Phone 54% -15% 52% Revenue Smart Edge Platforms 40% 12% 11% Breakdown Power IC 6% 12% 9% Total 100% -5% 30% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G sm
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved.