Slide 1: MediaTek 2019-Q3 Investor Conference
聯發科技 2019年第三季法人說明會 MediaTek 2019-Q3 Investor Conference October 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 9.2% 0.3% 80,000 67,030 67,224 61,567 60,000 40,000 20,000 0 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.2pt 3.6pt 45% 41.9% 42.1% 40% 38.5% 35% 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses QoQ (NT$ million) YoY 8.2% 8.9% 25,000 21,261 19,515 19,647 20,000 3,024 2,908 2,574 1,647 1,716 1,665 Selling expenses 15,000 Administration expenses 10,000 R&D expenses 15,407 16,590 14,890 5,000 0 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 14.4% 11.4% 8,000 7,029 7,000 6,310 6,143 6,000 5,000 4,000 3,000 2,000 1,000 0 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 0.5pt 1.1pt 15% 10.0% 10.5% 10% 9.4% 5% 0% 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income QoQ (NT$ million) YoY 6.1% 2.5% 8,000 6,733 6,902 7,000 6,503 6,000 5,000 4,000 3,000 2,000 1,000 0 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY -0.3pt 0.3pt 15% 10.0% 10.6% 10.3% 10% 5% 0% 3Q18 2Q19 3Q19 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share (NT$ ) QoQ YoY 0.27 0.08 5.00 4.30 4.38 4.11 4.00 3.00 2.00 1.00 0.00 3Q18 2Q19 3Q19 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) 3Q19 2Q19 3Q18(Note2) Q-Q Y-Y Net Sales 67,224 61,567 67,030 9.2% 0.3% Operating costs (38,934) (35,777) (41,206) Gross profit 28,290 25,790 25,825 9.7% 9.5% Selling expenses (3,024) (2
Slide 13: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 3Q19 2Q19 3Q18 Gross profit 42.1% 41.9% 38.5% Selling expenses (4.5%) (4.2%) (4.3%) Administration expenses (2.4%) (2.7%) (2.6%) R&D expenses (24.7%) (25.0%) (22.2%) Operating income 10.5% 10.0% 9.4% Non-operating income 1.4% 3.0% 1.8% Income tax expen
Slide 14: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$millions) (In NT$ millions) 3Q19 2Q19 3Q18(Note2) Cash & financial assets-current 205,786 215,522 170,509 Accounts receivable 30,450 27,915 32,998 Inventories 31,028 31,096 38,008 Other current assets 10,967 8,343 13,579 Funds and investments 56,446 48,718 49
Slide 15: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$millions) (In NT$ millions) 3Q19 2Q19 3Q18 Net cash provided by (used in) operating activities 7,192 14,135 4,100 Net cash provided by (used in) investing activities 2,891 97 3,916 Net cash provided by (used in) financing activities (27,244) 8,313 (30,906) Effe
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 ResultsNote3 (In NT$ millions) 3Q19 2Q19 3Q18(Note2) Q-Q Y-Y TIFRS operating income 7,029 6,143 6,310 TIFRS net income 6,902 6,503 6,733 TIFRS EPS(NT$) 4.38 4.11 4.30 Non-TIFRS reconciliation items 1,140 682 545 Share-based compensation 934 394 268 Amort
Slide 18: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 17