Slide 1: MediaTek 2021-Q2 Investor Conference
聯發科技 2021年第二季法人說明會 MediaTek 2021-Q2 Investor Conference July 27, 2021 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 16.3% 85.9% 140,000 125,653 120,000 108,033 100,000 80,000 67,603 60,000 40,000 20,000 0 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 1.3pt 2.7pt 50% 46.2% 44.9% 45% 43.5% 40% 35% 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 3.1% 32.8% 35,000 28,322 29,204 30,000 3,388 3,890 25,000 21,991 2,508 2,435 20,000 2,730 1,844 Sales 15,000 Admin R&D 22,427 22,879 10,000 17,416 5,000 0 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 42.8% 288.8% 35,000 30,000 28,834 25,000 20,198 20,000 15,000 10,000 7,416 5,000 0 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 4.2pt 11.9pt 25% 22.9% 20% 18.7% 15% 11.0% 10% 5% 0% 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 7% 277.4% 30,000 27,587 25,777 25,000 20,000 15,000 10,000 7,310 5,000 0 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -1.9pt 11.2pt 25% 23.9% 22.0% 20% 15% 10.8% 10% 5% 0% 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 1.23 12.86 20.00 18.00 17.44 16.21 16.00 14.00 12.00 10.00 8.00 6.00 4.58 4.00 2.00 0.00 2Q20 1Q21 2Q21 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook For 2021-Q3, we currently expect: Consolidated revenue: Around NT$125.7 billion ~ 131.9 billion, at a forecast exchange rate of 28 NT dollars to 1 US dollar Consolidated gross margin: 46% ± 1.5% Consolidated operating expense ratio: 24% ± 2% Copyright © MediaTek Inc. All rig
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 2Q21 1Q21 2Q20 Q-Q Y-Y Net Sales 125,653 108,033 67,603 16.3% 85.9% Operating costs (67,615) (59,513) (38,197) Gross profit 58,038 48,520 29,407 19.6% 97.4% Selling expenses (3,890) (3,388) (2,730) Administration expenses (2,435
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 2Q21 1Q21 2Q20 Gross profit 46.2% 44.9% 43.5% Selling expenses (3.1%) (3.1%) (4.0%) Administration expenses (1.9%) (2.3%) (2.7%) R&D expenses (18.2%) (20.8%) (25.8%) Operating income 22.9% 18.7% 11.0% Non-operating income 2.2% 8.2% 1.6% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 2Q21 1Q21 2Q20 Cash & financial assets-current 238,281 213,483 187,158 Accounts receivable 48,414 46,371 36,101 Inventories 63,149 56,668 36,812 Other current assets 10,411 13,633 7,189 Funds and investments 139,127 130,414 90,066 Intangible assets
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 2Q21 1Q21 2Q20 Net cash provided by (used in) operating activities 28,131 (1,450) 7,177 Net cash provided by (used in) investing activities (2,294) (6,658) (1,863) Net cash provided by (used in) financing activities 1,162 5,578 (9,663) Effect of chan
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) 2Q21 1Q21 2Q20 Q-Q Y-Y Operating income 28,834 20,198 7,416 42.8% 288.8% TIFRS Operating income margin(%) 22.9% 18.7% 11.0% Share-based compensation 123 115 212 Reconciliations Amortization of acquisition related assets 136
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 2Q21 Product Group* QoQ% YoY% Revenue Breakdown Mobile Phone 57% 22% 143% IoT, Computing and ASIC 22% 13% 59% Smart Home 14% 2% 62% Power IC 7% 15% 43% Total 100% 16% 86% * Mobile Phone: 5G/4G/3G smartphone and feature phone IoT, Computing and ASIC: wireless
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19