Magnachip Semiconductor Corporation · NYSE:MX
Magnachip Semiconductor — Q4 2023 Earnings Presentation
10 slides from Magnachip Semiconductor's earnings presentation, Feb 28, 2024
Slide 1: Q4 2023 Earnings Materials
Magnachip Semiconductor (NYSE: MX) Q4 2023 Earnings Materials February 28, 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: Q4 and 2023 Financial Summary
Q4 and 2023 Financial Summary Fourth quarter revenue of $50.8 million was near the low-end of our guidance range. Full-year revenue of $230.1 million decreased 31.9% YoY. Revenue OLED business continued to be impacted by slower-than-expected design-win progress. Power business in Q4 impacted from on
Slide 4: Q4 and 2023 Report by Business Line
Q4 and 2023 Report by Business Line Q4 2023 Q3 2023 Q/Q Change Q4 2022 Y/Y Change 2023 2022 Y/Y change Revenue $5.2 M $6.4 M down 18.3% $7.6 M down 30.8% $32.1 M $71.4 M down 55.0% OLED $4.7 M $3.5 M up 34.4% $5.5 M down 16.1% $22.0 M $59.3 M down 62.8% Display • Q4 OLED revenue was in-line with our
Slide 5: Q4 and 2023 Key Financials
Q4 and 2023 Key Financials (In $ millions, except for share data and days calculation) Profitability Q4 2023 Q3 2023 Q4 2022 2023 2022 Adjusted Operating Income (Loss) -$14.1 -$7.1 -$8.6 -$41.2 $4.1 Profitability Adjusted EBITDA -$10.0 -$2.7 -$4.8 -$24.2 $19.5 Adjusted Net Income (Loss) -$8.0 -$1.6
Slide 6: Q1 & 2024 Outlook
Q1 & 2024 Outlook Beginning in Q1, the Company will begin 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 to be
Slide 7: Q4 2023 Financial Highlights
Q4 2023 Financial Highlights 7 7
Slide 8: 2023 Financial Highlights
2023 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” (“Transition
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) We present Adjusted Operating Income (Loss) as a supplemental measure of our performance. We define Adjusted Operating Income (Loss) for the periods indicated as operating loss adjusted
Slide 10: 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 Income (Loss) as supplemental measures of our performance. We define Adjusted EBITDA for the periods indicated as EBITDA (a
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