Slide 1: MediaTek 2020-Q1 Investor Conference
聯發科技 2020年第一季法人說明會 MediaTek 2020-Q1 Investor Conference April 28, 2020 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 -5.9% 15.4% 80,000 64,708 60,863 60,000 52,722 40,000 20,000 0 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.6pt 2.4pt 45% 43.1% 42.5% 40.7% 40% 35% 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses QoQ (NT$ million) YoY -3.9% 11.6% 25,000 21,266 20,435 20,000 18,304 3,197 3,556 2,143 1,672 1,542 Selling expenses 15,000 1,555 Administration expenses 10,000 R&D expenses 16,397 15,336 14,607 5,000 0 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY -6.8% 83.1% 7,000 6,226 6,000 5,802 5,000 4,000 3,169 3,000 2,000 1,000 0 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY -0.1pt 3.5pt 15% 9.6% 9.5% 10% 6.0% 5% 0% 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY -9.1% 69.9% 7,000 6,383 6,000 5,804 5,000 4,000 3,416 3,000 2,000 1,000 0 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -0.4pt 3pt 15% 9.9% 9.5% 10% 6.5% 5% 0% 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY -0.39 1.47 5.00 4.03 4.00 3.64 3.00 2.17 2.00 1.00 0.00 1Q19 4Q19 1Q20 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 10
Slide 12: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 1Q20 4Q19 1Q19 Q-Q Y-Y Net Sales 60,863 64,708 52,722 (5.9%) 15.4% Operating costs (34,626) (37,216) (31,249) Gross profit 26,237 27,492 21,473 (4.6%) 22.2% Selling expenses (3,556) (3,197) (2,143) Administration expenses (1,542
Slide 13: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 1Q20 4Q19 1Q19 Gross profit 43.1% 42.5% 40.7% Selling expenses (5.8%) (4.9%) (4.1%) Administration expenses (2.5%) (2.6%) (2.9%) R&D expenses (25.2%) (25.3%) (27.7%) Operating income 9.5% 9.6% 6.0% Non-operating income 1.5% 1.3% 1.6% Income tax expense
Slide 14: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 1Q20 4Q19 1Q19 Cash & financial assets-current 198,570 203,174 187,586 Accounts receivable 25,376 26,837 25,312 Inventories 32,669 27,615 30,122 Other current assets 8,661 9,103 10,485 Funds and investments 81,096 73,278 45,294 Intangible assets 74
Slide 15: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 1Q20 4Q19 1Q19 Net cash provided by (used in) operating activities 1,931 19,588 1,691 Net cash provided by (used in) investing activities 562 1,502 (1,608) Net cash provided by (used in) financing activities (4,615) 2,775 7,739 Effect of changes in e
Slide 16: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results Copyright © MediaTek Inc. All rights reserved. 15
Slide 17: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 1Q20 4Q19 1Q19 Q-Q Y-Y TIFRS operating income 5,802 6,226 3,169 TIFRS net income 5,804 6,383 3,416 TIFRS EPS(NT$) 3.64 4.03 2.17 Non-TIFRS reconciliation items 564 627 652 Share-based compensation 270 321 370 Amortization o
Slide 18: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 17