Slide 1: MediaTek 2022-Q1 Investor Conference
聯發科技 2022年第一季法人說明會 MediaTek 2022-Q1 Investor Conference April 27, 2022 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 10.9% 32.1% 160,000 142,711 140,000 128,654 120,000 108,033 100,000 80,000 60,000 40,000 20,000 0 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 2
Slide 4: Consolidated Gross Margin
Consolidated Gross Margin QoQ YoY 0.7pt 5.4pt 49.6% 50.3% 50% 44.9% 45% 40% 35% 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 3
Slide 5: Consolidated Operating Expenses
Consolidated Operating Expenses (NT$ million) QoQ YoY 3.5% 24.7% 40,000 35,316 35,000 34,109 3,409 4,843 30,000 28,322 3,365 2,855 3,388 25,000 2,508 Sales 20,000 Admin 15,000 28,541 R&D 26,411 22,427 10,000 5,000 0 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 4
Slide 6: Consolidated Operating Income
Consolidated Operating Income (NT$ million) QoQ YoY 22.7% 80.5% 40,000 36,467 35,000 29,721 30,000 25,000 20,198 20,000 15,000 10,000 5,000 0 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 5
Slide 7: Consolidated Operating Margin
Consolidated Operating Margin QoQ YoY 2.5pt 6.9pt 25.6% 25% 23.1% 20% 18.7% 15% 10% 5% 0% 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 6
Slide 8: Consolidated Net Income
Consolidated Net Income (NT$ million) QoQ YoY 10.8% 29.6% 35,000 33,413 30,148 30,000 25,777 25,000 20,000 15,000 10,000 5,000 0 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 7
Slide 9: Consolidated Net Profit Margin
Consolidated Net Profit Margin QoQ YoY 0pt -0.5pt 30% 23.9% 23.4% 23.4% 25% 20% 15% 10% 5% 0% 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 8
Slide 10: Consolidated Earnings Per Share
Consolidated Earnings Per Share QoQ (NT$ ) YoY 2.03 4.81 25.00 21.02 20.00 18.99 16.21 15.00 10.00 5.00 0.00 1Q21 4Q21 1Q22 Copyright © MediaTek Inc. All rights reserved. 9
Slide 11: Business Outlook
Business Outlook ◆ For 2022-Q2, we currently expect: ◆ Consolidated revenue: Around NT$147 billion ~ 157 billion, at a forecast exchange rate of 28.5 NT dollars to 1 US dollar ◆ Consolidated gross margin: 49% ± 1.5% ◆ Consolidated operating expense ratio: 24% ± 2% Copyright © MediaTek Inc. All right
Slide 12: Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements
Taiwan-International Financial Reporting Standards (TIFRS) Financial Statements Copyright © MediaTek Inc. All rights reserved. 11
Slide 13: Consolidated Income Statement (Unaudited)
Consolidated Income Statement (Unaudited) (In NT$ millions, except EPS) 1Q22 4Q21 1Q21 Q-Q Y-Y Net Sales 142,711 128,654 108,033 10.9% 32.1% Operating costs (70,927) (64,824) (59,513) Gross profit 71,783 63,830 48,520 12.5% 47.9% Selling expenses (3,409) (4,843) (3,388) Administration expenses (3,36
Slide 14: Supplemental Information: Percentage of Revenue
Supplemental Information: Percentage of Revenue 1Q22 4Q21 1Q21 Gross profit 50.3% 49.6% 44.9% Selling expenses (2.4%) (3.8%) (3.1%) Administration expenses (2.4%) (2.2%) (2.3%) R&D expenses (20.0%) (20.5%) (20.8%) Operating income 25.6% 23.1% 18.7% Non-operating income 1.1% 3.3% 8.2% Income tax expe
Slide 15: Balance Sheet Summary (Unaudited)
Balance Sheet Summary (Unaudited) (In NT$ millions) 1Q22 4Q21 1Q21 Cash & financial assets-current 249,894 204,764 213,483 Accounts receivable 64,678 58,660 46,371 Inventories 89,377 73,271 56,668 Other current assets 13,926 10,171 13,633 Funds and investments 113,739 128,123 130,414 Intangible asse
Slide 16: Cash Flow Statement (Unaudited)
Cash Flow Statement (Unaudited) (In NT$ millions) 1Q22 4Q21 1Q21 Net cash provided by (used in) operating activities 30,735 24,737 (1,450) Net cash provided by (used in) investing activities (6,897) (9,100) (6,658) Net cash provided by (used in) financing activities 19,211 1,144 5,578 Effect of chan
Slide 17: Reconciliations of TIFRS Results to Non-TIFRS Results 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) 1Q22 4Q21 1Q21 Q-Q Y-Y Operating income 36,467 29,721 20,198 22.7% 80.5% TIFRS Operating income margin(%) 25.6% 23.1% 18.7% Share-based compensation 1,240 1,066 115 Reconciliations Amortization of acquisition related assets
Slide 19: Quarterly Product Group Revenue Breakdown
Quarterly Product Group Revenue Breakdown 1Q22 Product Group* QoQ% YoY% Revenue Breakdown Mobile Phone 53% 13% 28% Smart Edge Platforms 39% 7% 35% Power IC 8% 21% 52% Total 100% 11% 32% * Mobile Phone: 5G/4G/3G smartphone and feature phone Smart Edge Platforms: Wireless/wired connectivity and SoC fo
Slide 20: www.mediatek.com
www.mediatek.com Copyright © MediaTek Inc. All rights reserved. 19