Slide 1: MediaTek 2018-Q4 Investor Conference
聯發科技 2018年第四季法人說明會 MediaTek 2018-Q4 Investor Conference January 30, 2019 Copyright © MediaTek Inc. All rights reserved.
Slide 2: Safe Harbor Statement
Safe Harbor Statement Except for historical information contained herein, the matters set forth in this presentation are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and prici
Slide 3: Consolidated Revenue
Consolidated Revenue (NT$ million) QoQ YoY YoY -9.2% 0.8% -0.1% 80,000 300,000 67,030 238,216 238,057 60,403 60,892 250,000 60,000 200,000 40,000 150,000 100,000 20,000 50,000 0 0 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.4pt YoY 1.5pt 2.9pt 40% 40% 38.9% 39% 39% 38.5% 38.5% 38% 38% 37.4% 37% 37% 36% 36% 35.6% 35% 35% 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY YoY 1.7% -6.8% 0.6% 25,000 80,000 75,067 75,541 21,294 70,000 10,465 11,227 19,515 19,851 20,000 3,050 60,000 7,431 6,766 2,908 3,222 2,385 1,716 1,559 50,000 15,000 Sales 40,000 Admin 10,000 30,000 57,171 57,549 R&D 15,859 14,890 15,070 20,000 5
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY -39% YoY 198.5% 64.8% 7,000 18,000 6,310 16,182 16,000 6,000 14,000 5,000 12,000 4,000 3,851 9,819 10,000 3,000 8,000 6,000 2,000 1,290 4,000 1,000 2,000 0 0 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY YoY -3.1pt 4.2pt 2.7pt 15% 15% 9.4% 10% 10% 6.3% 6.8% 5% 5% 4.1% 2.1% 0% 0% 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY -45.4% YoY -63.1% -13.7% 12,000 30,000 10,160 10,000 25,000 24,070 20,782 8,000 20,000 6,872 6,000 15,000 4,000 3,752 10,000 2,000 5,000 0 0 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY YoY -4.1pt -10.6pt -1.4pt 20% 20% 16.8% 15% 15% 10.3% 10.1% 10% 10% 8.7% 6.2% 5% 5% 0% 0% 4Q17 3Q18 4Q18 2017 2018 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY -1.97 YoY -4.08 -2.3 7.00 6.50 18.00 16.00 15.56 6.00 14.00 13.26 5.00 4.39 12.00 4.00 10.00 3.00 8.00 2.42 6.00 2.00 4.00 1.00 2.00 0.00 0.00 4Q17 3Q18 4Q18 2017 2018 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$millions,except earningsper share ) (In NT$ millions, except EPS) 4Q18 3Q18 4Q17 Q-Q Y-Y Net Sales 60,892 67,030 60,403 (9.2%) 0.8% Operating costs (37,190) (41,206) (37,819) Gross profit 23,702 25,825 22,584 (8.2%) 4.9% Selling expenses (3,222) (2,90
Slide 13: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 4Q18 3Q18 4Q17 Gross profit 38.9% 38.5% 37.4% Selling expenses (5.3%) (4.3%) (5.0%) Administration expenses (2.6%) (2.6%) (3.9%) R&D expenses (24.7%) (22.2%) (26.3%) Operating income 6.3% 9.4% 2.1% Non-operating income 0.5% 2.0% 15.6% Income tax expens
Slide 14: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$millions,except earningsper share ) (In NT$ millions, except EPS) 2018 2017 Y-Y Net Sales 238,057 238,216 (0.1%) Operating costs (146,334) (153,330) Gross Profit 91,724 84,886 8.1% Selling expenses (11,227) (10,465) Administration expenses (6,766) (7,
Slide 15: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2018 2017 Gross profit 38.5% 35.6% Selling expenses (4.7%) (4.4%) Administration expenses (2.8%) (3.1%) R&D expenses (24.2%) (24.0%) Operating income 6.8% 4.1% Non-operating income 3.2% 7.3% Income tax expense (1.2%) (1.3%) Net income 8.7% 10.1% Note:
Slide 16: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$millions) (In NT$ millions) 4Q18 3Q18 4Q17 Cash & financial assets-current 164,671 170,509 170,120 Accounts receivable 28,939 32,998 16,895 Inventories 30,980 38,008 26,540 Other current assets 11,448 13,579 25,109 Funds and investments 49,262 49,424 37,772 I
Slide 17: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$millions) (In NT$ millions) 4Q18 3Q18 4Q17 Net cash provided by (used in) operating activities 8,703 4,100 16,739 Net cash provided by (used in) investing activities (1,106) 3,916 (2,137) Net cash provided by (used in) financing activities (12,830) (30,906) 1,4
Slide 18: Supplemental Information: Reconciliations of TIFRS Results to Non-TIFRS Results
【Supplemental Information】 Reconciliations of TIFRS Results to Non-TIFRS Results Copyright © MediaTek Inc. All rights reserved. 17
Slide 19: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 4Q18 3Q18 4Q17 Q-Q Y-Y TIFRS operating income 3,851 6,310 1,290 TIFRS net income 3,752 6,872 10,160 TIFRS EPS(NT$) 2.42 4.39 6.50 Non-TIFRS reconciliation items 35 545 299 Share-based compensation (-343) 268 (-54) Amortizat
Slide 20: Reconciliations of TIFRS Results to Non-TIFRS Results
Reconciliations of TIFRS Results to Non-TIFRS ResultsNote2 (In NT$ millions) 2018 2017 Y-Y TIFRS operating income 16,182 9,819 TIFRS net income 20,782 24,070 TIFRS EPS(NT$) 13.26 15.56 Non-TIFRS reconciliation items 1,369 2,047 Share-based compensation 152 614 Amortization of acquisition related ass
Slide 21: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 20