Slide 1: MediaTek 2022-Q4 Investor Conference
聯發科技 2022年第四季法人說明會 MediaTek 2022-Q4 Investor Conference February 3, 2023 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 -23.9% 11.2% -15.9% 600,000 160,000 550,000 548,796 142,161 493,415 500,000 140,000 128,654 450,000 120,000 108,194 400,000 100,000 350,000 300,000 80,000 250,000 60,000 200,000 40,000 150,000 100,000 20,000 50,000 0 0 4Q21 3Q22 4Q22 2021 2022 Copyright
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY -1pt YoY -1.3pt 2.5pt 50% 49.6% 49.3% 50% 49.4% 48.3% 46.9% 45% 45% 40% 40% 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY -7.7% YoY 0.2% 16.6% 40,000 37,041 160,000 34,109 34,175 144,116 35,000 3,530 140,000 14,240 4,843 3,406 3,666 123,564 30,000 2,462 120,000 13,001 2,855 17,196 25,000 100,000 10,287 Sales 20,000 80,000 Admin 15,000 30,106 60,000 116,875 R&D 26,41
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY -45.3% YoY -39.1% 17.4% 35,000 33,054 140,000 126,788 29,721 30,000 120,000 108,040 25,000 100,000 20,000 18,086 80,000 15,000 60,000 10,000 40,000 5,000 20,000 0 0 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -6.6pt YoY -6.4pt 1.2pt 25% 23.1% 23.3% 25% 23.1% 21.9% 20% 20% 16.7% 15% 15% 10% 10% 5% 5% 0% 0% 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY YoY -40.4% 6% -38.6% 35,000 140,000 30,148 31,085 118,625 30,000 120,000 111,873 25,000 100,000 20,000 18,514 80,000 15,000 60,000 10,000 40,000 5,000 20,000 0 0 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY YoY -4.8pt -6.3pt -1.1pt 25% 23.4% 25% 21.9% 22.7% 21.6% 20% 20% 17.1% 15% 15% 10% 10% 5% 5% 0% 0% 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY -7.88 YoY -7.33 4.03 25.00 80.00 74.59 70.56 70.00 20.00 18.99 19.54 60.00 50.00 15.00 11.66 40.00 10.00 30.00 20.00 5.00 10.00 0.00 0.00 4Q21 3Q22 4Q22 2021 2022 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2023-Q1, we currently expect: ◆ Consolidated revenue: Around NT$93 billion ~ 101.7 billion, at a forecast exchange rate of 30.5 NT dollars to 1 US dollar ◆ Consolidated gross margin: 47.5% ± 1.5% ◆ Consolidated operating expense ratio: 33% ± 2% Copyright © MediaTek Inc. All ri
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 4Q22 3Q22 4Q21 Q-Q Y-Y Net Sales 108,194 142,161 128,654 (23.9%) (15.9%) Operating costs (55,933) (72,066) (64,824) Gross profit 52,261 70,095 63,830 (25.4%) (18.1%) Selling expenses (3,666) (3,530) (4,843) Administration expens
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 4Q22 3Q22 4Q21 Gross profit 48.3% 49.3% 49.6% Selling expenses (3.4%) (2.5%) (3.8%) Administration expenses (2.3%) (2.4%) (2.2%) R&D expenses (25.9%) (21.2%) (20.5%) Operating income 16.7% 23.3% 23.1% Non-operating income 2.7% 1.8% 3.3% Income tax expe
Slide 15: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2022 2021 Y-Y Net Sales 548,796 493,415 11.2% Operating costs (277,892) (261,810) Gross profit 270,904 231,605 17.0% Selling expenses (14,240) (17,196) Administration expenses (13,001) (10,287) R&D expenses (116,875) (96,081) Op
Slide 16: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2022 2021 Gross profit 49.4% 46.9% Selling expenses (2.6%) (3.5%) Administration expenses (2.4%) (2.1%) R&D expenses (21.3%) (19.5%) Operating income 23.1% 21.9% Non-operating income 1.6% 3.8% Income tax expense (3.1%) (3.0%) Net income 21.6% 22.7% Not
Slide 17: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 4Q22 3Q22 4Q21 Cash & financial assets-current 164,810 159,193 204,764 Accounts receivable 40,842 65,913 58,660 Inventories 70,703 83,438 73,271 Other current assets 21,298 14,268 10,171 Funds and investments 123,489 126,921 128,123 Intangible asse
Slide 18: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 4Q22 3Q22 4Q21 Net cash provided by (used in) operating activities 59,034 19,259 24,737 Net cash provided by (used in) investing activities (2,918) (15,042) (9,100) Net cash provided by (used in) financing activities (45,661) (110,118) 1,144 Effect o
Slide 19: Supplemental Information: Reconciliations of TIFRS to Non-TIFRS Results and Product Segment Revenue
【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) 4Q22 3Q22 4Q21 Q-Q Y-Y Operating income 18,086 33,054 29,721 (45.3%) (39.1%) TIFRS Operating income margin(%) 16.7% 23.3% 23.1% Share-based compensation 568 1,119 1,066 Reconciliations Amortization of acquisition related as
Slide 21: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2022 2021 Y-Y Operating income 126,788 108,040 17.4% TIFRS Operating income margin(%) 23.1% 21.9% Share-based compensation 4,175 1,757 Reconciliations Amortization of acquisition related assets 499 606 Operating income 131,
Slide 22: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 4Q22 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 52% -29% -17% Smart Edge Platforms 42% -18% -14% Power IC 7% -21% -21% Total 100% -24% -16% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature
Slide 23: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 22