Slide 1: Xiaomi Corporation Q3 2022 Results Announcement
Xiaomi Corporation Q3 2022 Results Announcement
Slide 2: Disclaimer and forward-looking statements
By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the “Company”, and together with its subsidiaries,
Slide 3: Q3 2022 Overall Performance
Q3 2022 Overall Performance Leading Smartphone Solid Financial Performance Market Position Revenue Adjusted Net Profit1 RMB RMB #3 13.6% Global Global 70.5 billion 2.1 billion Market Share Ranking2 Market Share2 Including expenses related to smart EV and other new initiatives RMB829 million Record H
Slide 4: Global Smartphone Shipments Enjoyed QoQ Growth for 2 Consecutive Quarters
Global Smartphone Shipments Enjoyed QoQ Growth for 2 Consecutive Quarters Q3 2022 Shipments Vendor Q3 2022 Market Share Shipments YoY Growth (Million Units) Xiaomi Global Smartphone Shipments and Market Share Samsung 64.1 21.5% -7.6% 13.8% 13.6% 12.6% Apple 53.0 17.8% 7.6% 40.5 39.2 39.6 Xiaomi 40.5
Slide 5: Continued to Execute Our Smartphone Premiumization Strategy
Continued to Execute Our Smartphone Premiumization Strategy Mainland China Premium Smartphone Mainland China Smartphone ASP Shipments1 (Million Units) (RMB) ~14% ~9% Q3 2021 Q3 2022 Q3 2021 Q3 2022 Xiaomi MIX Fold 2 Xiaomi 12S Ultra Xiaomi 12S Pro Xiaomi 12S Positive Review Rate on JD.com2 99.58% 98
Slide 6: Outstanding Results During Double 11 Shopping Festival
Outstanding Results During Double 11 Shopping Festival No.1 Android Smartphone Brand by Sales Volume and Sales Value2 Offline Retail Store GMV 147 No.1 Rankings up 12% YoY Cumulative Paid GMV by Sales Volume or Sales Value Integrated Online-to-offline RMB17.0 billion1 across AIoT Categories3 GMV rea
Slide 7: R&D Expenses Reached RMB4.1 billion in Q3 2022
R&D Expenses Reached RMB4.1 billion in Q3 2022 R&D Expenses RMB Billions Number of Granted Patents Boston Consulting Group Globally1 29,000+ The 50 Most Innovative 25.7% 4.1 Number of Patent Applications Globally1 Companies of 2022 59,000+ 3.2 Number of R&D Employees1 ~48% of Total Employees1 Q3 202
Slide 8: Smartphones
Smartphones
Slide 9: Resilient Performance Despite Macroeconomic Headwinds
Resilient Performance Despite Macroeconomic Headwinds Smartphones Revenue RMB Billions In Q3 2022, smartphones revenue increased to RMB42.5 billion 42.5 42.3 Smartphone shipments reached 40.2 million units, up 2.8% QoQ, and achieved QoQ growth for 2 consecutive quarters Q2 2022 Q3 2022 9
Slide 10: Redmi Note 12 Series: Fully Upgraded Imaging Experience
Redmi Note 12 Series: Fully Upgraded Imaging Experience Flagship Imaging Unprecedented Experience HyperCharge Hardware: 210W 200MP Camera Self-developed with Sony's IMX766 Wired Fast Charging Flagship Sensor + 4,300mAh Battery Software: Fully Charged in Xiaomi AI Image Solution 9 Minutes Sales Volum
Slide 11: Xiaomi Civi 2: Attracting Fashion-conscious Users
Xiaomi Civi 2: Attracting Fashion-conscious Users
Slide 12: Leadership Across All Major Markets
Leadership Across All Major Markets Q3 2022 Xiaomi Smartphone Shipments Ranking and Market Share Market Share Improved Compared with Q3 2021 No.2 23.3% No.5 Europe No.2 12.9% 17.6% Mainland China Middle East No.4 No.3 13.3% 15.0% No.3 Southeast Latin America 6.0% No.1 Asia Africa 20.6% India Smartph
Slide 13: Continued to Penetrate Overseas Carrier Markets
Continued to Penetrate Overseas Carrier Markets Market Share of Carrier Channels Market Share of Carrier Channels in Europe in Latin America 19.9% 16.0% 18.2% 14.5% Q3 2021 Q3 2022 Q3 2021 Q3 2022 Smartphone Shipments Through Carrier Channels in Q3 2022 Ranked Top 3 in 38 Overseas Markets Source: Ca
Slide 14: AIoT
AIoT
Slide 15: Global Leading Consumer AIoT Platform, with Significant User Base
Global Leading Consumer AIoT Platform, with Significant User Base 558.3 million 10.9 million 114.6 million 72.4 million Connected Devices1 Users with 5 or More Devices AI Assistant MAU2 Mi Home App MAU2 Up 39.5% YoY Connected to Xiaomi’s AIoT Platform1 Up 9.0% YoY Up 20.9% YoY Up 35.4% YoY 1 As of S
Slide 16: Steady IoT and Lifestyle Products Revenue
Steady IoT and Lifestyle Products Revenue IoT and Lifestyle Products Revenue RMB Billions In Q3 2022, IoT and lifestyle products 19.8 19.1 revenue reached RMB19.1 billion Q2 2022 Q3 2022 16
Slide 17: Smart TV: Maintained Strong Position Globally
Smart TV: Maintained Strong Position Globally Global Smart TV Shipments in Q3 2022 3.3 million, up 9%+ YoY Ranked Top 5 Globally1 Record High Overseas TV Shipments 1 According to AVC, by shipments in Q3 2022 17
Slide 18: Smart Large Home Appliances: Continued to Penetrate High-end Market
Smart Large Home Appliances: Continued to Penetrate High-end Market Revenue of Smart Large Home Appliances1 Grew by 70%+ YoY in Q3 2022 Air Washing Refrigerators Conditioners Machines Air conditioner shipments exceeded 1.0 Refrigerator shipments exceeded 340k Washing machine shipments exceeded milli
Slide 19: Newly-launched Pad and Laptop: Designed for Multi-tasking and Entertainment
Newly-launched Pad and Laptop: Designed for Multi-tasking and Entertainment 10.6" High-quality display i5 with hardware-level blue Intel Evo certified for Xiaomi Share light reduction ultimate premium to facilitate and 90Hz refresh rate to experience multi-tasking offer a comfortable viewing experie
Slide 20: Wearables: Leading Brand in Mainland China
Wearables: Leading Brand in Mainland China Leading Brand Inter-connectivity TWS Wearable Bands Mainland China Mainland China Shipments1 Shipments1 No.3 No.2 Since launch in August 2022 50%+ of connected users are using our premium smartphones2 1 According to Canalys, by shipments in Q3 2022. Wearabl
Slide 21: Exploring New Energy-related IoT Products
Exploring New Energy-related IoT Products Mijia Outdoor Power Supply Mijia Solar Panel 100W 1000Pro 1,022Wh large-capacity battery cells “Metal Wrap Through” technology to and 1,800W high power output enhance power conversion efficiency Satisfy various power demands such as Foldable and portable, ou
Slide 22: Internet Services
Internet Services
Slide 23: Global MIUI MAU Reached 564 million and Mainland China MIUI MAU Reached 141 million
Global MIUI MAU Reached 564 million and Mainland China MIUI MAU Reached 141 million in Q3 2022 YoY % Global MIUI MAU 16.1% Millions 547.0 563.9 529.1 17.0 508.9 17.8 485.9 20.3 Global MIUI MAU1 reached 563.9 million, 23.0 YoY growth of 78.1 million Mainland China MIUI MAU1 reached 141.4 Q3 2021 Q4 2
Slide 24: Internet Services Revenue Remained Stable
Internet Services Revenue Remained Stable Internet Services Revenue RMB Billions QoQ % 7.0 7.1 In Q3 2022, internet services revenue reached RMB7.1 billion 1.5 1.4 -5.8% 1.0 1.0 5.3% Both global advertising revenue and global gaming revenue achieved QoQ growth despite the challenging 4.5 4.7 2.9% ma
Slide 25: Overseas Internet Services Revenue Reached a Record High
Overseas Internet Services Revenue Reached a Record High Overseas Internet Services Revenue as % of Total Internet Services Revenue Overseas internet services revenue reached a record high of RMB1.7 23.9% 24.2% billion, up 17.2% YoY in Q3 2022, 21.5% 21.9% 19.9% accounting for 24.2% of total interne
Slide 26: Multiple Monetization Engines Driving Advertising Business
Multiple Monetization Engines Driving Advertising Business Mainland China Overseas • Stronger content and service operations led to a record high • Revenue of performance-based and revenue of performance-based ads brand ads increased QoQ thanks to diversified advertiser base and higher monetization
Slide 27: Mainland China TV Internet Services Revenue Reached a Record High
Mainland China TV Internet Services Revenue Reached a Record High Q3 2022 Mainland China TV Internet Services Revenue Reached a Record High and Accounted for 15%+ of Mainland China Total Internet Services Revenue TV VAS1 Q3 2022 TV VAS1 revenue reached a record high ✓ Strengthened monetization thank
Slide 28: Financials
Financials
Slide 29: Quarterly Revenue by Region and Segment
Quarterly Revenue by Region and Segment Total Revenue Total Revenue by Region, Q3 2022 RMB Billions RMB Billions 70.2 70.5 50.5% 70.5 49.5% Mainland China Overseas Q2 2022 Q3 2022 Smartphones Revenue IoT and Lifestyle Products Revenue Internet Services Revenue RMB Billions RMB Billions RMB Billions
Slide 30: Quarterly Gross Profit Margin by Segment
Quarterly Gross Profit Margin by Segment Smartphones 8.7% 8.9% • Gross profit margin increased QoQ, mainly due to improved gross profit margin in mainland Overall China Q2 2022 Q3 2022 16.8% 16.6% 14.3% 13.5% IoT and Lifestyle Products • Gross profit margin decreased QoQ, mainly due to enhanced prom
Slide 31: Continue to Invest in R&D
Continue to Invest in R&D Operating Expense Ratio Operating expense ratio was 14.5% in Q3 2022 14.8% 14.5% R&D expense ratio continued to grow QoQ, due to increased expenses related to smart EV and other new Expenses related to initiatives of RMB829 million smart EV and other new initiatives: 0.9% 1
Slide 32: Continued to Manage Expenses
Continued to Manage Expenses Operating Expenses RMB Billions 11.4 10.4 10.2 10.0 9.4 0.4 0.6 0.8 9.6 9.8 9.4 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Operating expenses (excluding expenses related Expenses related to smart EV and other new initiatives to smart EV and other new initiatives) 32
Slide 33: Focus on Inventory Management
Focus on Inventory Management Inventories RMB Billions 58.2 57.8 56.1 53.0 52.4 10.4 10.9 11.4 9.0 10.5 • Raw materials inventory remained healthy as supply 21.3 normalized 26.6 32.5 27.3 23.9 • Finished goods lowered as we continued to reduce our inventory in the overseas 27.1 markets 19.3 19.8 17.
Slide 34: Strong Cash Position
Strong Cash Position Cash Resources1 RMB Billions Our cash resources reached approximately 99.5 102.5 RMB94.3 billion 94.3 Returned cash to shareholders through repurchasing 191.6 million shares totaling HKD2.3 billion2 in the first three quarters of 2022 Q1 2022 Q2 2022 Q3 2022 1 Including but not
Slide 35: ESG
ESG
Slide 36: ESG Awards and Recognitions
ESG Awards and Recognitions China ESG 50 World’s Best Employer Named on the inaugural Recognized on the 2022 WORLD’S 2022 ESG 50 BEST EMPLOYERS List by Forbes China List by Forbes To recognize companies On the list for with best practices in ESG 2 consecutive years 36
Slide 37: Giving back to Our Community
Giving back to Our Community Disaster Relief In August 2022 Mountain fire disaster relief of RMB100,000 for Chongqing, China1 In September 2022 Earthquake disaster relief of RMB1 million for Luding in Sichuan, China1 In September 2022 Donated US$100,000 to the UN Refugee Agency to support assistance
Slide 38: IR@xiaomi.com https://ir.mi.com/
IR@xiaomi.com https://ir.mi.com/