Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q2 2024 Earnings Presentation
9 slides from Magnachip Semiconductor's earnings presentation, Jul 31, 2024
Slide 1: Magnachip Semiconductor Q2 2024 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q2 2024 Earnings Materials July 31, 2024 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: Q2 2024 Financial Summary
Q2 2024 Financial Summary Q2 2024 MX Guidance Range Q/Q Change Y/Y Change Consolidated $53.2 M $49 – 54 M up 8.4% down 12.8% Revenue MSS $11.6 M $9.5 – 11.5 M up 28.7% down 6.2% PAS $39.2 M $38 – 41 M up 7.4% up 0.6% Q2 2024 MX Guidance Range Q/Q Change Y/Y Change Gross Consolidated 21.8% 17 – 19% u
Slide 4: Q2 2024 Report by Business
Q2 2024 Report by Business Q2 2024 Q1 2024 Q/Q Change Q2 2023 Y/Y Change Revenue $11.6 M $9.0 M up 28.7% $12.4 M down 6.2% Display $6.8 M $5.6 M up 20.3% $9.7 M down 29.9% Power IC $4.8 M $3.4 M up 42.8% $2.7 M up 78.7% • MSS revenue was slightly above the high-end of our guidance, the sequential gr
Slide 5: Q2 2024 Key Financials
Q2 2024 Key Financials (In $ millions, except for share data and days calculation) Profitability Q2 2024 Q1 2024 Q2 2023 Adjusted Operating Loss -$11.6 -$12.6 -$7.8 Adjusted EBITDA -$7.6 -$8.4 -$3.6 Profitability Adjusted Net Loss -$8.1 -$10.9 -$2.5 Adjusted Loss per Common Share - -$0.21 -$0.28 -$0
Slide 6: Q3 & Full-year 2024 Outlook
Q3 & Full-year 2024 Outlook Beginning in Q1, the Company began reporting under its newly organized businesses: MSS (Mixed-Signal Solutions) and PAS (Power-Analog Solutions). While actual results may vary, Magnachip currently expects the following: Key Metrics Guidance Revenue • Consolidated revenue
Slide 7: Q2 2024 Financial Highlights
Q2 2024 Financial Highlights (1) Following the consummation of the sale of the Foundry Services Group business and Fab 4 in Q3 2020, we provided transitional foundry services to the buyer for foundry products manufactured in our fabrication facility located in Gumi, Korea, known as “Fab 3” (“Transit
Slide 8: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars) We present Adjusted Operating Loss as a supplemental measure of our performance. We define Adjusted Operating Loss for the periods indicated as operating loss adjusted to exclude (i) Equ
Slide 9: Appendix: GAAP to Non-GAAP Reconciliation
Appendix:Appendix: GAAP to Non-GAAP GAAP Reconciliation to Non-GAAP Reconciliation (In thousands of U.S. dollars, except share data) We present Adjusted EBITDA and Adjusted Net Loss as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (as defined
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