Slide 1: MediaTek 2022-Q3 Investor Conference
聯發科技 2022年第三季法人說明會 MediaTek 2022-Q3 Investor Conference October 28, 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 -8.7% 8.5% 160,000 155,730 142,161 140,000 131,074 120,000 100,000 80,000 60,000 40,000 20,000 0 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0pt 2.6pt 50% 49.3% 49.3% 46.7% 45% 40% 35% 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY -1.4% 16% 40,000 37,583 37,041 35,000 3,636 3,530 31,929 3,768 3,406 30,000 5,076 25,000 2,489 Sales 20,000 Admin 15,000 30,180 30,106 R&D 24,364 10,000 5,000 0 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY -15.6% 12.9% 45,000 39,181 40,000 35,000 33,054 29,287 30,000 25,000 20,000 15,000 10,000 5,000 0 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -1.9pt 1pt 30% 25.2% 25% 22.3% 23.3% 20% 15% 10% 5% 0% 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY -12.7% 9.6% 40,000 35,612 35,000 31,085 30,000 28,361 25,000 20,000 15,000 10,000 5,000 0 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -1pt 0.3pt 30% 25% 22.9% 21.6% 21.9% 20% 15% 10% 5% 0% 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY -2.85 1.62 25.00 22.39 20.00 19.54 17.92 15.00 10.00 5.00 0.00 3Q21 2Q22 3Q22 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2022-Q4, we currently expect: ◆ Consolidated revenue: Around NT$108 billion ~ 119.4 billion, at a forecast exchange rate of 31.5 NT dollars to 1 US dollar ◆ Consolidated gross margin: 48.5% ± 1.5% ◆ Consolidated operating expense ratio: 31% ± 2% Copyright © MediaTek Inc. All r
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 3Q22 2Q22 3Q21 Q-Q Y-Y Net Sales 142,161 155,730 131,074 (8.7%) 8.5% Operating costs (72,066) (78,966) (69,858) Gross profit 70,095 76,764 61,216 (8.7%) 14.5% Selling expenses (3,530) (3,636) (5,076) Administration expenses (3,4
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 3Q22 2Q22 3Q21 Gross profit 49.3% 49.3% 46.7% Selling expenses (2.5%) (2.3%) (3.9%) Administration expenses (2.4%) (2.4%) (1.9%) R&D expenses (21.2%) (19.4%) (18.6%) Operating income 23.3% 25.2% 22.3% Non-operating income 1.8% 1.1% 2.2% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 3Q22 2Q22 3Q21 Cash & financial assets-current 159,193 256,547 187,344 Accounts receivable 65,913 61,899 55,717 Inventories 83,438 91,410 68,793 Other current assets 14,268 14,579 10,031 Funds and investments 126,921 124,679 122,654 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 3Q22 2Q22 3Q21 Net cash provided by (used in) operating activities 19,259 35,554 (4,323) Net cash provided by (used in) investing activities (15,042) (12,678) (10,872) Net cash provided by (used in) financing activities (110,118) (19,712) (35,835) Ef
Slide 17: Supplemental Information: Reconciliations 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. 16
Slide 18: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 3Q22 2Q22 3Q21 Q-Q Y-Y Operating income 33,054 39,181 29,287 (15.6%) 12.9% TIFRS Operating income margin(%) 23.3% 25.2% 22.3% Share-based compensation 1,119 1,248 453 Reconciliations Amortization of acquisition related asse
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 3Q22 Product Group* Revenue Breakdown QoQ% YoY% (Note 1) Mobile Phone 55% -8% 7% Smart Edge Platforms 38% -9% 11% Power IC 7% -17% 4% Total 100% -9% 8% Note 1: Sums may not equal 100% due to rounding. * Mobile Phone: 5G/4G/3G smartphone and feature phone Sma
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19