Slide 1: MediaTek 2021-Q4 Investor Conference
聯發科技 2021年第四季法人說明會 MediaTek 2021-Q4 Investor Conference January 27, 2022 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
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 technologies, ability to ramp
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY YoY -1.8% 53.2% 33.5% 550,000 140,000 131,074 128,654 500,000 493,415 120,000 450,000 400,000 96,405 100,000 350,000 322,146 80,000 300,000 250,000 60,000 200,000 40,000 150,000 100,000 20,000 50,000 0 0 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. Al
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 2.9pt YoY 5.1pt 3pt 50% 49.6% 50% 46.7% 46.9% 45% 44.5% 45% 43.9% 40% 40% 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 6.8% YoY 24.1% 25.7% 40,000 140,000 35,000 34,109 123,564 31,929 120,000 4,843 17,196 30,000 27,491 5,076 98,316 2,855 100,000 10,287 25,000 3,713 2,489 13,647 1,753 80,000 7,344 Sales 20,000 60,000 Admin 15,000 R&D 26,411 96,081 24,364 40,000 10
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 1.5% YoY 93.3% 150% 35,000 120,000 108,040 29,287 29,721 30,000 100,000 25,000 80,000 20,000 15,373 60,000 15,000 43,219 40,000 10,000 5,000 20,000 0 0 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 0.8pt YoY 7.2pt 8.5pt 25% 22.3% 23.1% 25% 21.9% 20% 20% 15.9% 15% 15% 13.4% 10% 10% 5% 5% 0% 0% 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY YoY 6.3% 170% 101.6% 35,000 120,000 111,873 30,148 30,000 28,361 100,000 25,000 80,000 20,000 60,000 14,957 15,000 41,439 40,000 10,000 20,000 5,000 0 0 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY YoY 1.8pt 7.9pt 9.8pt 25% 23.4% 25% 22.7% 21.6% 20% 20% 15.5% 15% 15% 12.9% 10% 10% 5% 5% 0% 0% 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 1.07 YoY 9.64 44.55 20.00 18.99 80.00 17.92 70.56 18.00 70.00 16.00 60.00 14.00 50.00 12.00 10.00 9.35 40.00 8.00 30.00 26.01 6.00 20.00 4.00 10.00 2.00 0.00 0.00 4Q20 3Q21 4Q21 2020 2021 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2022-Q1, we currently expect: ◆ Consolidated revenue: Around NT$131.2 billion ~ 141.5 billion, at a forecast exchange rate of 27.7 NT dollars to 1 US dollar ◆ Consolidated gross margin: 49% ± 1.5% ◆ Consolidated operating expense ratio: 25% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 4Q21 3Q21 4Q20 Q-Q Y-Y Net Sales 128,654 131,074 96,405 (1.8%) 33.5% Operating costs (64,824) (69,858) (53,542) Gross profit 63,830 61,216 42,863 4.3% 48.9% Selling expenses (4,843) (5,076) (3,713) Administration expenses (2,855
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 4Q21 3Q21 4Q20 Gross profit 49.6% 46.7% 44.5% Selling expenses (3.8%) (3.9%) (3.9%) Administration expenses (2.2%) (1.9%) (1.8%) R&D expenses (20.5%) (18.6%) (22.8%) Operating income 23.1% 22.3% 15.9% Non-operating income 3.3% 2.2% 1.6% Income tax expe
Slide 15: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2021 2020 Y-Y Net Sales 493,415 322,146 53.2% Operating costs (261,810) (180,610) Gross profit 231,605 141,536 63.6% Selling expenses (17,196) (13,647) Administration expenses (10,287) (7,344) R&D expenses (96,081) (77,325) Oper
Slide 16: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2021 2020 Gross profit 46.9% 43.9% Selling expenses (3.5%) (4.2%) Administration expenses (2.1%) (2.3%) R&D expenses (19.5%) (24.0%) Operating income 21.9% 13.4% Non-operating income 3.8% 1.4% Income tax expense (3.0%) (1.9%) Net income 22.7% 12.9% Not
Slide 17: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 4Q21 3Q21 4Q20 Cash & financial assets-current 204,764 187,344 210,113 Accounts receivable 58,660 55,717 33,133 Inventories 73,271 68,793 37,677 Other current assets 10,171 10,031 10,939 Funds and investments 128,123 122,654 116,767 Intangible asse
Slide 18: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 4Q21 3Q21 4Q20 Net cash provided by (used in) operating activities 24,737 (4,323) 38,611 Net cash provided by (used in) investing activities (9,100) (10,872) (2,782) Net cash provided by (used in) financing activities 1,144 (35,835) (9,540) Effect of
Slide 19: Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results and Quarterly Revenue Product Segment Copyright © MediaTek Inc. All rights reserved. 18
Slide 20: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 4Q21 3Q21 4Q20 Q-Q Y-Y Operating income 29,721 29,287 15,373 1.5% 93.3% TIFRS Operating income margin(%) 23.1% 22.3% 15.9% Share-based compensation 1,066 453 384 Reconciliations Amortization of acquisition related assets 13
Slide 21: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2021 2020 Y-Y Operating income 108,040 43,219 150.0% TIFRS Operating income margin(%) 21.9% 13.4% Share-based compensation 1,757 1,283 Reconciliations Amortization of acquisition related assets 606 1,549 Operating income 11
Slide 22: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 4Q21 Product Group* QoQ% YoY% Revenue Breakdown Mobile Phone 52% -9% 51% IoT, Computing and ASIC 26% 10% 31% Smart Home 15% 2% 16% Power IC 7% 3% 30% Total 100% -1.8% 33.5% * Mobile Phone: 5G/4G/3G smartphone and feature phone IoT, Computing and ASIC: wirele
Slide 23: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 22